Convert Ticks File
Info
The Convert Ticks File is a Script for MetaTrader 4 that the converter of the tick files created with the ticks collector into different data representation formats. During the operation of the special tick files are created (TKS type).
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Convert Ticks File
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
The converter of the tick files created with the Ticks collector into different data representation formats.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: JForex OH L C data converter - another powerful script for MetaTrader 4 traders.
The converter of the tick files created with the Ticks collector into different data representation formats.
Also recommended: Period Converter AL L - similar script with strong performance on MetaTrader 4.
During the operation of the special tick files are created (TKS type). The main usage of the TKS files — creating non-standard charts in the MetaTrader 4. Those can be offline charts as well as .Nevertheless, there is still a range of problems that can be solved with the real tick history at hand. The rest is up to the toolset. The ConvertTicksFile script tried to fill in that gap. It provides three ways of processing the tick files:
1. A simple rewriting of the data into a CSV file
(a usual text file, that may be opened with either the Notepad or by using the Excel).
The resulting file will look like this:
The first column — date/time of the tick, the second — Bid price, the third — Ask price.
2. Into candlesticks of the specified chart period.
The data, as in the precious case, is written into a CSV file in such a format, that can later be read by the MetaTrader 4 terminal during a quotes import (Tools - History Center).
3. Into candlesticks of the specified chart period with a direct write of the quotes into the MetaTrader 4 terminal history.
Data is written directly into the HST files of the terminal. As a result, it is possible to change the current quotes history used by the terminal, which requires great caution from the user.
This method, for example, allows to fill in the gaps in the quotes history. So, if there is such a "gap":
then after the operation of the script and with the corresponding tick history file, the "gap" ceases to be such.
The full description of the script — .
You may also like: Converting hst-files into csv files - excellent alternative for script users on MetaTrader 4.
⚠ 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.