MT5 - custom periods/timeframes
Hello!
In MT5, I would like to trade on an alternative timeframe that's not natively supported, let's say M23 for example. Is this possible in any way?
I have found this: https://www.mql5.com/en/forum/219849. In that post, user Fernando
Carreiro says, that "You can already create your own Custom charts, to be what ever you want, be it Ticks, Seconds, Renko, Kase,
Constant Range, etc.". I've read through all the documentation available for custom symbols, but I just couldn't find anything usable
for that. How would one create a M23 chart, preferably so that an EA could use that chart to trade?
Hello!
In MT5, I would like to trade on an alternative timeframe that's not natively supported, let's say M23 for example. Is this possible in any way?
I have found this: https://www.mql5.com/en/forum/219849. In that post, user Fernando
Carreiro says, that "You can already create your own Custom charts, to be what ever you want, be it Ticks, Seconds, Renko, Kase,
Constant Range, etc.". I've read through all the documentation available for custom symbols, but I just couldn't find anything usable
for that. How would one create a M23 chart, preferably so that an EA could use that chart to trade?
https://www.mql5.com/en/forum/229521/page3#comment_13261028
Thanks for your answer!
I just wanted to make sure, that there isn't any recommended way to do it. My first instinct is to create a period converter as an indicator.
After launching, it would create an offline chart of the desired period. Not really a nice solution performance-wise (I am using a
multi-instrument multi-timeframe EA), but I guess in MT5, there's nothing better.
It's custom symbol so you can't trade it directly. Beside that you create your data as you want, so up to you to create bars which are M23. What have you tried and what is the problem ?
Hi, my data1 in on 5min. but the strategy signal is triggered when 5min and 45 min are in same direction. is 45min a valid setting ? could u pls kindly clarify as u said "u cant trade it directly"
thanks so much
Custom Symbols are "artificial" and cannot be traded. Your EA would need to read the data of the custom symbol, but trade against the real symbol.
For example, consider a 10 second based custom symbol called "c.EURUSD.10s" derived from tick data of the real symbol "EURUSD".
Your EA would read the bar close data with "c.EURUSD.10s" ...
iClose( "c.EURUSD.10s", ... )
But you would have to open a position with "EURUSD", not "c.EURUSD.10s" ...
CTRade::PositionOpen( "EURUSD", ... ) So, you read from the custom symbol, but trade the real symbol.
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Hello!
In MT5, I would like to trade on an alternative timeframe that's not natively supported, let's say M23 for example. Is this possible in any way?
I have found this: https://www.mql5.com/en/forum/219849. In that post, user Fernando Carreiro says, that "You can already create your own Custom charts, to be what ever you want, be it Ticks, Seconds, Renko, Kase, Constant Range, etc.". I've read through all the documentation available for custom symbols, but I just couldn't find anything usable for that. How would one create a M23 chart, preferably so that an EA could use that chart to trade?
Thanks for any suggestions!