P&F charts suck, don't use them...

[bredin]

Thanks Jal, I have a fix in mind that should sort most things out at once..

I noticed on a 1x chart a few hours ago that it drew a new (singe) bar, but got the color wrong... it was the right color on the debug screen tho

Time to get the heavy handed hammer fixer out there may be some slight performance decline every now and then...

G.

[bredin]

btw, guys if you use m5 instead of m1 the timestamps will shift slightly...

G.

[PebbleTrader]

Isn't PRICE the same no matter what TF you look at?

I thought we were using 30S and 1M so we could get the finer granularity in PA? Extreme example being, if we used hourly data, you would have no idea how many times price went up / down / reversed / etc within that high / low of 1 hourly candle...

[bredin]

Ideally Id read this from tickdata... which MT4 doesnt do, and the executive decision was made not to use tick data in MT5 either.....

but you are right about wanting to see every retrace possible. M5 will lose some bars, but not the overall shape....


btw guys Ive come across a weird bug that only seems to happen on M1 charts:
if youre getting a double bar at the end and the debug screen is only drawing one line, let me know.
I believe that my brutal fixit will put paid to it, but am watching out for it now

G.

[PebbleTrader]

I am using M1 and everything is working just fine.

I'll let you know if there is any issues with M1 or indi.

[Relativity]

Ideally Id read this from tickdata... which MT4 doesnt do, and the executive decision was made not to use tick data in MT5 either.....

but you are right about wanting to see every retrace possible. M5 will lose some bars, but not the overall shape....


btw guys Ive come across a weird bug that only seems to happen on M1 charts:
if youre getting a double bar at the end and the debug screen is only drawing one line, let me know.
I believe that my brutal fixit will put paid to it, but am watching out for it now

G.

How to get workable tick data in MT4 (unofficial)

1)
Put the files in the following folders and reload MT4
C:\(mt4 folder)\experts\LFH_Trading_Simulator_3.ex4
C:\(mt4 folder)\experts\indicators\CreateTickData.mq4
C:\(mt4 folder)\experts\indicators\PostTickData.mq4


2)
Load strategy tester and select LFH_Trading_Simulator_3
Use the following settings :
Symbol : (your choice)
Model : Every Tick
Use date : select 1 week worth of data (sometimes I only do last few days)
Period : M1
Visual mode : Yes, with maximum speed
(e.g. see 1.PNG)


3)
Start the EA and pause it. Load up CreateTickData.mq4. Use this to gather historical ticks.

4)
Continue running the EA. You should see a text file generated in C:\(mt4 folder)\experts\files\TickData. Let it run to the end; which should be the latest live M1 bar.

5)
Close the EA and load a live chart. Load up both CreateTickData (to continue gathering ticks, but this time from live chart) and PostTickData.mq4. Default is 15 ticks.

6)
Goto File -> Open Offline -> find your tick chart (e.g. !TickEURUSD,M15) and load it. The historical ticks and the live ticks should be in the combined chart.

[PebbleTrader]

Is that for live only?

How can it generate accurate ticks from historical M1?

[bredin]

MT4 'simulates' (ie makes up) ticks from the historical data, it its the ohlc of each M1, plus a few other random points... the spread is always the current spread, which is why its inadvisable to backtest on weekends....

It is, simply put, even less useful than the M1 data.

but thanks for trying to help

G.

[PebbleTrader]

That's kind of what I was thinking. Thanks for the explanation.

Thanks for the suggestion Relativity

[PebbleTrader]

I am seeing how I like pipware in window 1: (control candle scale by controlling # of candles)