Jump to content
  • 0

2 minute charts on MT4


Philip_Hodgson

Question

1 answer to this question

Recommended Posts

  • 0
2 hours ago, Philip_Hodgson said:

Is it possible to get a 2 minute chart of DAX and DOW on MT4? I would like to use the EasyOrder script to automatically calculate my stake size when opening trades on a 2 minute chart, but I can't find one anywhere, and can't work out how to create a custom chart..

Hi, yes you can, there is a period coverter with mt4 and in the IG download app pack but a better one you can download from this page.

MT4 Period Converter - Use Custom Time Frames in Metatrader 4 (fxdayjob.com)

Download the converter, make a copy from your download folder, paste it into the mt4 indicators folder (step 2). 

Open the navigator panel in mt4, right click and click Refresh, the new coverter should appear.

Open a M1 Dow, drag and drop the Converter from the Navigator panel onto the M1 and follow the other steps on the web page.

The chart you create is an offline chart (File > Offline charts) driven in realtime by the 1 minute chart you load the converter onto so must keep the M1 chart open for the M2 chart to work.

Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      16,006
    • Total Posts
      76,715
    • Total Members
      63,930
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    noidaubachu
    Joined 18/09/21 14:28
  • Posts

    • “If you want your life to return to normal you will need a vaccine passport”  NT Chief Minister Michael Gunner says. Government blackmail is the new normal.  The race is on, can the govts of the western world force digital passports on everyone using covid as the excuse before people realise the vaccines don't work and actually make things worse? Immunization expert: 'Unvaccinated people are not dangerous; vaccinated people are dangerous for others' - America's Frontline Doctors (americasfrontlinedoctors.org)   The UK ‘Vaccination’ Programme. Part 1: Adverse Drug Reactions and Deaths – Architects for Social Housing (ASH) ...  the logical conclusion to be drawn from these figures (PHE), is that the COVID-19 ‘vaccines’ that have been injected into the arms of 48 million people in the UK make no difference to the health impact of SARS-CoV-2, the viral load or its infectiousness. ... Last week, PHE published its latest, 22nd technical briefing, under the same title, and the results of the UK ‘vaccination’ programme are even worse. ... these figures show that partial or full ‘vaccination’ has made no difference to ‘infection’ with SARS-CoV-2, or at least to receiving a positive RT-PCR test, and, in fact, that the percentage diagnosed with this method was increasing among the so-called ‘vaccinated’. The percentages get even worse, however, when we look at deaths within 28 days of a positive test. .  
    • Mentoring video from prop trading firm Axia Futures. I've posted these in the past but they stopped making them available on Youtube. This one is a special and will be taken down on Sunday night UK time. Its 2 hours, I haven't had the time to watch yet but all their stuff is quality. Am told the last 25 min covers a 900K day trade made by one of their traders. Also covers chart patterns (why they might not work). Price ladder with market profile and footprint, how to combine the 3.   Webinar Replay | Axia Futures (elitetraderworkshop.com)
    • OK lots happening in the markets this week - not going to have chance to write up every market, so I'll keep on with EURUSD and GOLD EURUSD: Minor double top which stopped the advance and stopped out the long from the swing #2 low off the trendline - Price has caved through the 50% level (1st attempt provided small profit)  Outlook = the 50% level is STILL an active level - we are also approaching and have to consider the prev green swing lows as we are very close to that being a possible triple bottom to bounce from and then we are also near and close to black triple bottom territory - just below the black line is the weekly 50% level [not shown] So apart from the gann 50% level - looking for potential reversal set-ups around/near the previous lows - for me these long poss trades take precedence over shorting at this stage On a more higher level, "IF" a swing low forms without the swing low of #2 green being hit or exceeded then it's technically a bullish gann secondary reaction or Elliott Wave 2 formation with an initial target of the prior swing high #1 and the red swing high #2 still as ultimate potential target also remember that the expectation from a double top is the target is the prior swing low - so if that double top performs to that expectation it will invalidate the secondary reaction option and form a triple bottom Remember to survive and thrive in this game, if the market changes the outlook you have to change too, unless you'll be left holding positions for reason A when the markets no longer working out to reason A!!!! - This is a huge factor in why people fail to win in this game, you have to have multiple outlooks, no preference and just trade when a set-up appears, most people like to be right and as we can see this market is in a multiple possibility position, which most people can't compute   GOLD:  We have had an unusial and rare minor quadruple top, the expectation there was for a gann 4th time lucky to happen, but it didn't, the reason for this was that the double top possibility was stronger than the 4th time lucky potential - market has caved to the 50% level of the prior swing and triggered a gann 50% trade as it rallied back through it - this level is in a tight zone from the previous swings labelled a/A Outlook: We have an active 50% trade - the expectation from this is a rally back up to the prior swing high which was a confirmed double top too - I didn't mention this previously, so I', hoping those watching carefully are picking up things (I don't mention everything!) - the DT worked and shorting it to the 50% level IS [was] a valid trade - take 2 mins here and think, long if the gann 4th time lucky trade triggered, if it failed, then we could potentially have a double top which you can short - this is absolutely acceptable thinking - you trade with the market, forming pre-conceived hard and fast ideas can stop you trading profitable trades - remember the market is in charge, we just piggy back along it OK so if a rally happens from the 50% level, it will form a triple top possibility, so you need to be aware for a reversal at that level - This is NOT guaranteed to happen and price could go straight through and upwards If price continues to drop then it will approach a triple bottom - again it does not have to do this, but more often than not the following happens, it will form a gann 4th time lucky attempt on the lows and more often than not price goes through that level so the expectation is to short it at that level and more often than not when price crashes through a 4th time lucky point it then retraces back towards that level for it to then continue down It is also perfectly possible for the market to create a quadruple bottom as we have seen of the recent highs, a gann secondary reaction / Elliott Wave 2 too - so like the EURUSD market we have to be open and flexible in our thinking and trade only when a confirmed set-up appears Like anything don't trade other peoples plans, trade your own methods and set-ups once you fully understand them and have tested them thoroughly Trade at your own risk and THT cannot be held responsible for other peoples trading The purpose of this thread is to show you how swings interact and from which very profitable trading methods can be established from those swings of the market THT
×
×
  • Create New...