Friday, August 27, 2010

Tipster Trendlines for MT4

I've written Tipster Trendlines for MT4 that attempts to model the original version for Amibroker. MT4 doesn't allow many of the features I've implemented in Amibroker but it's a lot less coding too, so that offsets the pain of coding. For example, it is very difficult to place buttons on the chart, so I tried using hot keys, and that didn't work.

I had a hot key to re-draw the lines and enable the lines for trading but that impacted every open chart. So I've adapted a different approach. You can follow my progress on Forex Factory forum, and here.

Some different features are available though;
Close of trade triggers a screenshot and saves it to your hard disk.
Sloping trendlines can be used, the prices are updated with each new bar. This means you can trade breakouts of sloped lines, or touches (stop and limit orders).

If you know how to program MT4, I welcome your comments here or on the forum.

... and I've been using Tipster Trendlines for MT4, the results of my trades are shown on the right side of the blog.


  1. What is the reason to change to MT4 after you've spent years learning and coding in Amibroker?

  2. What is the reason to change to MT4 after you've spent years learning and coding in Amibroker?

  3. A few reasons;
    I still use Ami with IB.
    I wanted to trade forex with smaller lot sizes until I show consistency so I had to go to a forex broker.
    MT4 is easy to program
    With MT4 I can use sloping trendlines
    to place pending order
    MT4 allows me to upload trades to MTi Live for analysis for free

    I still use ami for longer term stocks and sometime futures at night, asian market.

    IB forex lot sizes are larger than I want to trade for now. I do however place a few trades with IB, for example, I have an orders sitting there that are placed from the weekly and monthly charts (USDJPY is one example)


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