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Is it possible to make the !xMeter an indicator instead of an EA?
It would be great!
FerruFx
Let me talk, I hope someone with better coding skills can put me on the right track
Sure it's possible to convert !xMeter as an indicator, but we'll miss numbers of information. It doesn't matter whether price is changed or not, every second !xMeter calculates the data. It uses an infinite loop to repeat the main program. That's way !xMeter is different with common EA/indicator.
Another reason i coded it as an EA because mq4 doesn't allow using an infinite loop in indicator ... maybe at mq5 it will
The trading strategy you are now using to test the EA appears to be:-
i) Wait for a green candle to close.
ii) If the TREND meter is showing a continuing 'UP' trend, with a strength of at least 80%, then immediately enter a SHORT trade (presumably at the open price of the next candle).
iii) Place a 30 pip TP and a 100 pip SL and wait for either to be reached.
iv) The exact opposite will apply for entering a LONG trade.
Is that correct? Am I interpreting the trading strategy accurately now?
Yes for all. But it's not THE strategy but A strategy. I just find some parameters which could be promissing. Only forward testing will confirm.
Everybody can try some differents strategies with the 2 versions EA (standard and reverse) and find the best settings.
Let me talk, I hope someone with better coding skills can put me on the right track
Sure it's possible to convert !xMeter as an indicator, but we'll miss numbers of information. It doesn't matter whether price is changed or not, every second !xMeter calculates the data. It uses an infinite loop to repeat the main program. That's way !xMeter is different with common EA/indicator.
Another reason i coded it as an EA because mq4 doesn't allow using an infinite loop in indicator ... maybe at mq5 it will
If the !xMeter become an indicator, will the results be different or simply refresh less often?
If it's not possible to make it an indicator, is it possible to code 7 buffers into the EA?
An indicator refreshes on the tick of the chart its loaded on. if you monitor multi pairs which all refresh at different times the data will not be accurite because it may have ticked on other pairs but the pair you loaded it on. The results will be different and refresh less.
You dont need buffers for an ea you can just use the logic directly in an ea.
An indicator refreshes on the tick of the chart its loaded on. if you monitor multi pairs which all refresh at different times the data will not be accurite because it may have ticked on other pairs but the pair you loaded it on has not yet. The results will be different and refresh less.
You dont need bufferes for an ea you can just use the logic directly in an ea.
I express gratitude FerruFX, Rlinac.
I ask to forgive for my English, I use to machine translations.
Whether as you consider has the right for a life such indicator? counting cost of currency pair (cross rates through the basic, and the basic through cross rates) which the signal submitted at rejection on the set size pips settlement cost from actual. An example: (GBPJPY=GBPUSD*USDJPY) (GBPUSD=GBPJPY/USDJPY) .
I express gratitude FerruFX, Rlinac.
I ask to forgive for my English, I use to machine translations.
Whether as you consider has the right for a life such indicator? counting cost of currency pair (cross rates through the basic, and the basic through cross rates) which the signal submitted at rejection on the set size pips settlement cost from actual. An example: (GBPJPY=GBPUSD*USDJPY) (GBPUSD=GBPJPY/USDJPY) .
@ FerruFX
Thank you for this nice indicator... I love it!!!!
One idea to improve appearance...
I'm using the light_chart_v1.1
sometimes all the lines and charts on the background... makes the texts of your indicator difficul to read... One solution would be... maybe.. I don't know if it is possible... to draw a filled rectangle of a color... on the background of your texts.. but on the foreground of the rest of the charts.... maybe complicated... another solution is to place the indicator at the right and use the Shift chart...... great.. but then the location of the things.... X coordinate.. are from the left .. so if I resize the window... it may dissapear... Would it be possible to measure the X coordinate... from the right ?
I'm using the light_chart_v1.1 sometimes all the lines and charts on the background... makes the texts of your indicator difficul to read... One solution would be... maybe.. I don't know if it is possible... to draw a filled rectangle of a color... on the background of your texts.. but on the foreground of the rest of the charts.... maybe complicated... another solution is to place the indicator at the right and use the Shift chart...... great.. but then the location of the things.... X coordinate.. are from the left .. so if I resize the window... it may dissapear... Would it be possible to measure the X coordinate... from the right ?
Thanks Emdafx for your comments!
It's difficult to satisfy everybody! I'll try to do something in a future version.
Right now, i'm forward testing the EA. I let you know the results at the end of this week.
Linear Mode
