I expect some of the biggest reasons why MT4 is so popular are: 1. It's free. Historical and live data feeds are also free. 2. There are millions of third party indicators and EAs available. If you want an indicator or EA to perform a particular ...

Questions about MT4 usage

Short answer is no. MT4 writes all output files to the ..../MQL4/Files folder by default. I don't know any way to get around this, short of invoking the Windows API. I do all my coding using MQL4 build 509 compiler, where the above applies. I don't ...

Hanover replies to PMs

I'm only replying because I saw your message in the chess thread. I'm not a quant trader therefore I can't contribute much. Some traders better equipped to assist you with your research might be Copernicus, FXEZ, PipMeUp, algoTraderJo, olsen-yersen, ...

Theory on the first creation of indicators

I don't see too many similarities between trading and chess. Blackjack is the best primer for trading in my opinion, as it teaches you to be patient waiting for the highest probability opportunities, which you must then play out correctly, likewise ...

Does being a Good Chess Player make you a better FX Trader

LOL, you beat me to it. Sure I understand that, for a lot of people, English isn't their first language. But "loose" just looks so wrong. People should read this.

Forex terms that should no longer be used - Add yours here!

There are a couple of posts by Fudomyo here and here, that might be helpful to you. I haven't read the whole thread, so I apologise if I've misunderstood.

Almost perfect strategy

I don't think it's a bug. I'm pretty sure that the indicator is behaving exactly as it was originally designed to. I will try to explain further. 1. What matters is the shape and slope of each individual line, NOT the position of one line relative ...

Recent Strength indicator

Well thanks, but I simply use Google -- there's nothing magical about it, anybody can do it, LOL! Also, in post #1, look in the 'MT4 programming' and 'Miscellaneous resources' sections, you'll find links to a lot of sources for thousands of MT4 ...

Hanover replies to PMs

Yes, according to strategy tester (see this), it repaints.

How To Make Repaint Indicator To Not Repaint? Need Help!

Try the attached. Screenshot shows both vertical and horizontal line options switched on. Valid horizontal line options are 0 thru 3 (feel welcome to experiment). Text on horizontal lines is toggled on/off by pressing F8 (Options dialog window) and ...

Hanover replies to PMs

Obtained from this thread (found using Google), credit to the coders who contributed to these indicators. Compiled them using this to ensure no errors, and the resulting EX4 files are attached below. Hope this helps. file file ____________________ ...

Hanover replies to PMs

Sorry, I don't have a yearly open line indicator. But there are a large number of links to general indicator resources in post #1 that you might help you to find something suitable. There's actually only one BV indicator, but it comes in three ...

Hanover replies to PMs

Thanks for the feedback. I ran it on a M1 chart and noticed only one spike in about 30 minutes. I think it happened because no price tick occurred for any currencies across two consecutive M1 candles. Anyway, the whole problem sorts itself by ...

Recent Strength indicator

Please see this. If you're looking for pivot indicators, you might like to look at this this, this, this, this thread and this thread. Also the 'MT4 programming' section in post #1 contains links to thousands of indicators.

Hanover replies to PMs

There may be versions of the Semafor indicator that don't repaint. But the one I used when I did my test in post #7 repainted in the way that I described. I am sorry but I'm no longer doing any custom programming requests; please see the 'MT4 ...

Semaphors and zig zags

I've made a quick fix, as stated: I haven't checked all the implications properly, nor tested it exhaustively, but I've run it on both M1 and M5 charts for around 30 minutes, and it seems to have stopped the spiking. Try it and let me know. I've ...

Recent Strength indicator

I'm not 100% sure, but I think I know the reason. Suppose the indicator is attached to the EU M5 chart. When the first price tick of a new EU M5 candle arrives, it could easily occur before the first tick of a new M5 candle arrives for ALL of the ...

Recent Strength indicator

You would need to discuss any special conditions with your individual broker. (Here is a list of MT4 brokers, just in case it is useful to you). I'm not saying that it's impossible to successfully reverse a losing EA, just that you should probably ...

Your worst EAs (post them)

The EAs that I write have a subroutine (procedure) that dumps the values of critical registers (variables) to a file, which I call from strategic points in the code, if a 'debug' switch is turned on. This makes it possible for me to check what these ...

Why does my EA miss some good trades?

Yes. All of my indicators and settings are in the M15.tpl template in the zip file attached to post #1036. Using the template should reproduce the screenshot shown in that post. There is no M30 timeframe, everything is the current chart timeframe ...

Hanover replies to PMs