Understanding Volume in Trading
In trading, volume refers to the number of ticks per bar. It's a crucial element for many traders, as it can provide insights into market activity and trend strength.
Steps to Generate Your Equivolume Bars
Ready to get started? Here’s how you can set up your Equivolume Bars using an Expert Advisor (EA) in MetaTrader 4:
- Run the EA: Open the strategy tester and select the EA. Make sure to choose the "all ticks" mode and set it for a suitable time period.
- Locate Your File: Once the testing is complete, you’ll find a file named "EURUSD volume 100.csv" in your
terminal_catalog\tester\filesdirectory. - Import New History: To keep things tidy, go to your quotes archive and delete the historical data for any pairs you won’t be using. Then, import the new history from the CSV file. It’s a good idea to disconnect from the server during this process to prevent any new quotes from being added.
You're All Set! Now that you’ve set up your custom history, you can start testing your EAs with the new data. Just choose the appropriate symbol and timeframe in the tester!
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