flat execution
Info
The flat execution is a Indicator for MetaTrader 4 that each line has its own time. when the time is up, it's time to fix the result or open a new position.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use flat execution
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
each line has its own time.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: flat - another powerful indicator for MetaTrader 4 traders.
each line has its own time. when the time is up, it's time to fix the result or open a new position.in principle, the line measures the flat, and there are no trends at all. if the line highlights a set of flats, then it's also a flat.
Also recommended: flat trend indicator - similar indicator with strong performance on MetaTrader 4.
working with lines:
lines are drawn manually, and the indicator takes the line data. you can draw using fractals, following the principle: from each fractal to all subsequent ones, from the top to the top, and from the bottom to the bottom. lines that the price touches can be deleted. accordingly, if a line can be touched during drawing, it doesn't need to be drawn.
if a line is touched by the price before execution, the open position should be liquidated.
weekends (gaps) are not considered, and the calculation is based on bars. the 'execution' icon appears as a fact, and it doesn't exist before that.
when the flat is executed, the lines are dotted, and the icons and lines turn blue. if a line is not executed, it turns red.
when hovering over a line, you can see the difference (bars between the 1st and 2nd points of the line) in minutes, hours, or days in the description. weekends are not considered.
You may also like: Pip Calculator for Order Execution, Stop Loss, and Take Profit - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property indicator_chart_window
int init()
{
return(0);
}
int deinit(){
objectsdeleteall(0, obj_arrow);//
return(0);
}.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.