Watchlist in Metatrader
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Thread: Watchlist in Metatrader

  1. #1
    Hey people,

    I want some help. Has anyone of you guys ever programmed a ?

    For Example a scanner which monitors 5 currency pairs and provides a signal when the RSI is above 70?

    thanks a lot.

    bye,
    thomas

  2. #2
    Such an indior is not practical as far as standard indiors go cos it's code running is dependent on the chart that it's attached to. You are better off opening the 5 currency pairs and attach a rsi alert indior of some sort on all them.

    regards,
    Zen

  3. #3
    But I need to program a watchlist... do I need to do it in shape of an EA or Indior?

    I have a template (comprising an EA or indior I know?!) Doing what I want. But I dont have the code so I cannot change it...

    thanks to your help. .

  4. #4
    I had one built for a system I constructed. Was a work of art , system was not but observe list. Let me see if I can loe it and dig into my files. Then you'll have the ability to see the coding required to work and change it how ever you would like. Might not be tonight I'm watching charts but I shall Search for this

  5. #5
    That would be great. thanks a lot

  6. #6
    A watchlist will be fine. Lets say we monitor 10 pairs and we forget what we shouldnt and overlook the setup that is great. The watchlist would help to stay on track, eliminating the need of paper notes lol

  7. #7
    Quote Originally Posted by ;
    this indior is not practical as far as typical indiors go cos it's code running is dependent on the chart that it's attached to....

    Regards,
    Zen
    Its not dependent on the chart, I believe that you can grab any information for any pair at the exact same time, and utilize it in one indior. Regards.


    Quote Originally Posted by ;
    A hi-tec watchlist would be nice...
    Then you've many occasions, as many decisions to make.

  8. #8
    Quote Originally Posted by ;
    Its not only determined by the chart, I believe that you can grab any data for any pair in precisely the exact same time, and use it in 1 indior. Regards.
    Here we go again... I've had a challenging time explaining this to a differentforexforum.co.zamember a while back but I am too lazy to dig up the thread so I'll summarize below and beg everyone concerned will understand too.

    Yes I know we could get data from any chart and interval BUT... indiors and EAs are typically tick-based. Significance your indior won't go looking at charts in the event the chart that it's attached to doesn't receive a tick.

    Picture that you attach the indior on a AUDUSD chart. And it's supposed to watch 10 currency pairs too, let us assume GPBJPY is one of these. GPBJPY has moved 15 pips while AUDUSD had been still stagnant. Your indior won't refresh with any new info despite the other currency pairs have moved. The indior is only going to refresh it has lines, histo, labels, etc.. . If and ONLY if AUDUSD get a tick.

    That's the reason I said such an indior isn't very practical or it won't work how many men and women wish it would and you are better off placing the fundamental RSI indior on all 10 currency pairs' chart and have them awake as and if those pairs meet standards, along with your alert window will tell you which pair is it.

    Perhaps the only workaround is to alter a tick-based indior into a time-based script. Just add an infinite while loop which ends using a sleep(1000) into the beginning() function. That way it will do anything it needs to perform (refreshing) following every 1 second interval. I've done. You'd like to explore making time-based indiors.

    I hope I've explained this obvious. If you have further doubts, then amazes me I don't soda by anymore.

    regards,
    Zen

  9. #9
    Does it make a difference if I use a indior or timebased EA?

    By the way, what if I use? indior or EA?

    thanks a lot.

  10. #10
    Quote Originally Posted by ;
    .. .imagine you join the indior onto a AUDUSD chart. And it is supposed to watch 10 other currency pairs as well, let us assume GPBJPY is among these. GPBJPY has proceeded 15 pips while AUDUSD had been stagnant. Your indior will not refresh with any new info regardless of the other currency pairs have transferred. The indior is only going to refresh it has lines, histo, labels, etc.. . If and ONLY if AUDUSD receive a sign....
    While maybe not as elegant a solution as the time established method, many multi pair indiors (Steve Hopwood's Basket Trading EA comes to mind) are connected to the most volatile pair (gbp/jpy on M1) for this very reason.

    In my testing the indior scanning multiple pairs provides near exactly the very same effects as what you propose (multiple charts).

    Again not as elegant or as exact as what you suggest but close enough to accurate for many.

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