Hey fellow traders! If you're looking to enhance your trading experience with MetaTrader 4, let me introduce you to ChartPlusChart V2. This handy tool is designed to log non-market quotations from your brokerage, giving you the edge you need in your trading strategy.
ChartPlusChart V2 seamlessly integrates with two MetaTrader platforms. It utilizes two advisers, Chart1.mq4 and Chart2.mq4, to transmit quotations to an external application.
This external application monitors the divergence between the two sets of quotations. When it detects a divergence that meets your specified criteria within a given timeframe, it saves the charts as two BMP images in the designated folder: c:\ChartPlusChart\History\. One image captures the moment the divergence occurs, and the second one is taken five minutes later.
The BMP files are named with the timestamp of the divergence in the format of hour-minute-second, making it easy to track your data.
When selecting brokerage firms to use with ChartPlusChart, aim for those with the highest refresh rates and the best quality of quotations. You can check out the performance of over 84 brokers with MetaTrader platforms on www.brokcompare.com. This will help you make an informed choice.
Keep in mind, any discrepancies you notice might be due to market deviations between the two brokers. However, you can verify each instance individually.
Here's how to get started: unpack the archive to your root directory. You'll find a folder named c:\ChartPlusChart containing five files: Chart1.mq4, Chart2.mq4, libSharedVarsDL, Lv2.def, SharedVarsDLLv2.dll, and ChartPlusChart.exe.
You'll need to have two different MetaTrader platforms open, each with the same currency pairs. Run Chart1.mq4 on the first platform and Chart2.mq4 on the second. Make sure to enable DLL imports in the Tools menu under Options. Check the box for Allow DLL imports and uncheck Confirm DLL function call. Ensure all files, except for the advisers, are located in c:\ChartPlusChart.
Once everything is set up, run the advisers on the currency pairs in both MetaTrader platforms and launch c:\ChartPlusChart\ChartPlusChart.exe.
Happy trading, and may your charts lead you to success!
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