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  1. #1
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    Default forex Tips MT4 and MT5

    Having traded Forex in MT4 (mainly) and MT5 Terminals i have found many useful and free ideas to assist finding trades. i intend sharing them here. They are likely known to many - but if not - may be useful.

    These are not tips on trading as that is not my strength. Just way to help find the various conditions you know you need for your strategy.
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  2. #2
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    Two of the simplest are : changing the Time Frame for every chart in a Profile, and changing the Template for every chart in a Profile.

    MT4 : Change_TF_All.ex4 and Change_Template_All.ex4

    MT5 : chgtf-all.ex5 and apply_template.ex5 NOTE: in mine it is named chgtf-all(1).ex5 due to duplication of downloads and i haven't bothered amending
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  3. #3
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    So you can find these yourselves.
    or
    copy from my shared forex google share folder

    Link : https://drive.google.com/drive/folde...rh?usp=sharing
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  4. #4
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    why use these?

    I set up a Master profile containing all the charts of pair i may wish to look at - each chart containing areas of support and resistance and such data i want to keep and not alter.

    i would then copy this Master Profile to another profile and name the new one (say) 'Working'.

    it has all the data i want to start with which i may add to etc.
    should i want to then go to a lower TF to look for entries for my particular strategy say 5 minute : easy : alter to 5 (or 15 or whatever) timeframe with the utility.

    The Master Profile of charts remain unaltered - Tip keep a Master Back up - things have been known to occur.
    Last edited by wizAlvin; 08-01-2024 at 08:29 AM.
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  5. #5
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    MT5 : terminal :
    using a or various big news templates
    and
    using the option in chart Properties / Show "Show trade history"
    and
    using the results of your trading ==> "Account History" tab or preferably your own records

    then ::

    it MAY be possible to further analyze your trades to see if there is any correlation between your successful trades and the inherent background conditions / big / medium / small news occurrences that helped.
    for example : you may notice a better successful trade after an increase in (say) CPI or GDP before the trades. Or after the trades ie leading into the news.

    Or, on the other hand there may be some correlation between your failed or unsuccessful trades and those inherent background conditions.
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  6. #6
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    Last edited by wizAlvin; 10-01-2024 at 12:25 PM.
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  7. #7
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    the image below/prior
    is of an indicator i wrote to display MT4 forex info on a chart
    it give such stuff as pinbar/engulfing/outside for the current and the prior candle
    the spread
    the time until end of candle
    etc

    copy from my shared forex google share folder - named 'DisplayInfo.mq4'

    Link : https://drive.google.com/drive/folde...rh?usp=sharing
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  8. #8
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    test add image failed miserably
    Last edited by wizAlvin; 10-01-2024 at 08:17 PM.
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  9. #9
    Guru
    Join Date
    Dec 2010
    Location
    near Mangonui Northland
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    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

  10. #10
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    Default

    spreadindicator (.ex4 and .mq4) from off the web




    The spreadindicator is very good. I use it when i want a small form display to tell me when the spreads move / contract ==> often just prior to a move === greater interest less spread
    https://drive.google.com/drive/folde...rh?usp=sharing





    good pipping
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

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