test candle size
Info
The test candle size is a Script for MetaTrader 4 that description. this script is designed to be installed on a chart.
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 test candle size
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
description.
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: convert real tick data to strategy tester fxt files - another powerful script for MetaTrader 4 traders.
description.this script is designed to be installed on a chart. in the 'input parameters' window, you can set the number of candles to be marked (default is 5) and the color of the labels (default is white). for readability, the script automatically adjusts the chart to the maximum zoom level.
Also recommended: m1 quote base converter for strategy tester - similar script with strong performance on MetaTrader 4.
the maximum number of marked candles is 50. if an error occurs due to an incorrect input, the script will alert you with visual and audio signals. after running the script, the trading range in points will be displayed below each candle.
a comment will indicate the location of the script's report. to remove the markings and comments from the chart, simply run the script again with the number of marked candles set to 0.
You may also like: excandles-v2: candlestick pattern indicator - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs
/*
.
.
" " (
5) ( - white).
.
- 50. .......
⚠ 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.