EA that can open an order on a different chart with different timeframes

[Yvan Tarong]

Hi,

I would like to ask if is it possible to create an EA where if it makes an initial trade at higher timeframe (i.e., 4H), it will automatically open another chart (same symbol) but with different timeframe (i.e., 5M) and perform another trade automatically until SL or TP is hit?

[Carl Schreiber]

Yvan Tarong:
Hi,

I would like to ask if is it possible to create an EA where if it makes an initial trade at higher timeframe (i.e., 4H), it will automatically open another chart (same symbol) but with different timeframe (i.e., 5M) and perform another trade automatically until SL or TP is hit?

You don't need that as you can get all the values of different timeframes by integrated functions, see: https://www.mql5.com/en/docs/function_indices.

E.g. CopyBuffer() for indicators and CopyRates() for the quotes.

[Yvan Tarong]

Carl Schreiber #:

You don't need that as you can get all the values of different timeframes by integrated functions, see: https://www.mql5.com/en/docs/function_indices.

E.g. CopyBuffer() for indicators and CopyRates() for the quotes.

Thank you for the response. I will check the articles.

[William Roeder]

Yvan Tarong: I would like to ask if is it possible to create an EA where if it makes an initial trade at higher timeframe (i.e., 4H), it will automatically open another chart (same symbol) but with different timeframe (i.e., 5M) and perform another trade automatically until SL or TP is hit?

Not possible with US brokers, due to FIFO rules.

Since 2009, hedging is not permitted for US traders.
          NFA Enforces FIFO Rule, Bans Forex Hedging in US Forex Accounts - Trading Heroes (2016)
          FAQ: FIFO in the Forex Market - BabyPips.com (2011)

"Hedging" in Forex trading -Why do it? - Trading Systems - MQL5 programming forum (2017)