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Chart Logic

Chart Logic is here!  Chart automation for MT4: put your Ideas into Actions!

Chart Logic is an EA for MT4 that lets you automate actions on your charts.  You define "conditions" and 'actions"; when all the conditions are true, then all the actions are triggered.  Conditions can refer to a wide range of observations, about account information, candle data, technical indicators, key levels, price, time, market data, trades and so on.  And actions can send alerts/notifications, open/close/modify trades, and draw chart objects (lines, text, etc.).  You can use Chart Logic to define very simple "If A then B" kinds of statements; and you can build complete sophisticated trading strategies with arbitrarily complex logic.  You can run Chart Logic strategies in the MT4 strategy tester, save and load Chart Logic files and even share them with other Chart Logic users.  Using Chart Logic you can program your own EA logic: develop, test, run and share strategies like never before!  Chart Logic could be the last EA you ever need to buy.

Technical Indicators / Use Third Party Indicators

There are a number of built-in technical indicators supported, but you can also add any custom indicator as a Chart Logic condition.  As long as the indicator exposes its buffers and you know what inputs it expects, you can program it in Chart Logic.  If you have an indicator you love but it is missing some feature (like sending notifications, or using it as an entry condition for trading), before Chart Logic the only way to use it was either to trade manually while watching it on your charts, or to write your own EA.  Now you can access the thousands and thousands of available MT4 indicators and integrate them with your own automation, without writing a single line of code.  (There is a limit on the number of input parameters supported, but other than that, data from any well-behaved third-party indicator can be accessed.)

Get a Head Start

We are developing a number of test / starter strategies and sample files to demonstrate how things are done in Chart Logic.  And we encourage Chart Logic users to share their own strategy files to the community and discuss with other traders to really expand the knowledge base of what is possible with Chart Logic.  This is just getting started, but it will grow over time.  Come learn from other traders, and/or share your best trading ideas with the community!  There is also a library of training videos available for free from the website.  Chart Logic started as a very simple idea, but over time it has grown in its capabilities.  Chart Logic provides the building blocks (conditions and actions) and rules for how they are put together, and following these rules the possibilities are almost endless.  What will you automate with Chart Logic?

Backtest your Strategies

Chart Logic strategies can be run in the MT4 Strategy Tester to verify and improve your strategies.  Note that, when you run Chart Logic in the strategy tester you have to give it a strategy file to run, configured in the inputs.  There are some differences with how it behaves in the tester versus on a regular chart, since there are some limitations in MT4 with how charts work in the tester.  If you want to download the demo to try out Chart Logic in the tester first, try downloading one of the strategy files from the Chart Logic Files section of the website (here) and running that.  You won't be able to develop strategy files via the UI in the tester.  

New Dashboard View!

Now you can automatically build dashboards to display data for all running symbols in a single table.  

  • Define variables in a strategy
  • In the Strategy Viewer, configure the columns to display in the dashboard (which variables, optionally with custom colors)
  • Activate the strategy, turn on the Strategy Viewer to display the Dashboard
  • All columns (numeric, text) are sortable, both ascending and descending.  Click the column header to enable, click again to toggle direction
  • Filter the list of rows in the table to only show rows with data (e.g., when building a dashboard to see all open trades)
  • Optionally include a Totals row, select for each variable/column whether it is totaled as a sum or a count (or not at all)
  • Save the strategy to save your dashboard settings
Want to view some data across all symbols in a dashboard but can't find a pre-built indicator / dashboard?  Any data that you can define in a strategy and store in a variable can now be displayed in a dashboard, with just a few clicks!


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Versão 1.5 2024.05.10
New Feature - Dashboards!
- Define variables (and their colors) in a strategy and then configure the dashboard in the Strategy Viewer.
- Display values for variables for all running symbols in a single view.
- Sort each column ASC/DESC
- Filter the list to exclude any rows with no data
- Optionally include a Totals row, take a sum or total of values for each column

[IMPROVEMENT] You can now use keyboard shortcuts to change the order from the dialogs, use the UP/DOWN keys on the numeric keypad
- Change the order of Logic Sets in the Strategy Dialog
- Change the order of Conditions in the Logic Set and Set Condition dialogs
Versão 1.4 2024.04.18
IMPROVEMENTS
- Collections - From the main window there is now a “Save All” option, which saves all open strategies to a single “collection” file. If you open this collection then all of the strategies in this collection are opened together.
- Auto Open Collection File - This is an input option where you can provide the path name to a collection file, and it will automatically open all of the strategies in that collection when the EA loads.
- Import Strategy - From the Strategy dialog, if you select “Open” and choose a strategy file, it will now be imported into the current strategy. Previously you could only open Logic Set files here, since a Strategy contains Logic sets.
- Time Shift - In a Candle Condition, when obtaining a value for the “Time” field you can now set a shift into the future (a negative shift value), to get a candle time of some bars in the future. Useful for drawing chart objects to the right of current price by some number of bars. Unfortunately this only works for time data, not prices.
- The calculation of profit for trades and positions now takes the swap costs and commissions into account.
- Copy / Paste - In various dialogs where you would be adding or cloning something (a logic set, condition or action) there is now a “Copy” option, which stores a temporary copy of the selected object. You can then go paste that somewhere else in the same strategy. This greatly simplifies the management of these types of objects. This is similar to “Clone”, which is like an immediate copy/paste in the current location.
- Trade Action: SL to BE - In the Trade Action dialog when in “Modify Trade” mode, the SL list now has a “Break Even” option, which will set the trade’s SL to its open price. Now you don’t need to obtain a variable to hold the trade’s open price just to set the SL to BE.
- Wildcards - In the Variable Condition, when using the “Unassign” operator (!=) you can now use wildcards in the right-hand side’s input field. The following variable substitutions are supported:
- ? - unassign all local variables with this datatype
- * - unassign all local variables of any datatype
- !? - unassign all variables (local or global) with this datatype
- !* - unassign all variables (local or global) of any datatype

BUG FIXES
- The Candle Condition was not getting the correct shift value when the the Cycle’s timeframe was different from the current chart’s timeframe.
- The magic number was not getting saved correctly, so if you set the magic number for a strategy and saved it, when you opened it again the magic number was missing.
- In some cases the Disable action was not working correctly
- Some named variables had an incorrect data type
- Cloned object variables - If you cloned a condition that set a named variable and then edited that condition and changed the variable name, it would remove the original variable name from the variable space. Normally this is what you want, but for a cloned condition there is still the original condition out there, still referring to the original variable, so you don’t actually want to delete it in this case.
Versão 1.3 2024.01.23
- [IMPROVEMENT] - Added a "Log" type to the AlertAction dialog, so you can force a log message to be printed without sending a notification. Useful for debugging and running in the strategy tester, which does not support alerts.
- [CHANGE] - Adjusted the default cycle and expiry of the Trade Condition to "tick" rather than "bar", which is the more typical use case
- [BUG] - In some limited cases the times returned for some objects was wrong due to a problem in how the bar shift was obtained. This only affected plural objects when the cycle was not the same as the current chart timeframe.
Versão 1.2 2024.01.11
Some improvements to the handling of datetime variables in the Variable Condition relating to mathematical operations. In particular, the previous version was not handling things like Time[2]-Time[3] or (Time[0] + 4x(Time[2]-Time[3])) correctly. To do math like this with datetime variables the datatype must be datetime.
Versão 1.1 2024.01.08
- [IMPROVEMENT] Variable Condition, unassign operator. Added the "=!" operator so you can explicitly unassign a variable.
- [IMPROVEMENT] Strategy Dialog, Logic Set Dialog and Set Condition dialogs now let you set which row is "selected' by clicking the name in the list. Previously the row would be selected when you edit the row, but now you can just click to select the row without editing it. This causes the row to be highlighted to make it easier to track where you are and what you're doing.
- [IMPROVEMENT] Various improvements to debugging statements to make it easier to understand what a strategy is doing, in particular in the strategy tester.
- Other minor bug fixes and improvements.