I'm just starting up with Multicharts , so apologies for the stupid questions. I'm working my way through the easylanguage Essentials book, and obviously need to get my head around the MC manual as well
I've been trading Spot FX for the last few years have mostly been using MT. I've built up a number of scripts that I use to enter orders based off trendlines, fib levels that I place on the charts.
To this point I've been using the chart trading in MC to get into the market but was wondering if it was possible to replicate how I trade in MT in MC?
Here is an image that basically highlights what I'm wanting to replicate.
So what I have here is a script in MT that draws a fib tool (with only 2 levels), and when I trigger the script again, it then accesses the prices of the fib levels and then submits an order based on those levels.
I have this set up with a shortkey so that CTRL+B triggers the buy script and CTRL+S triggers the sell script.
This is breakdown of what my order script does:
- - if it can't find a fib tool it generates a fib retracement tool with two levels
- if it can find the tool, it then
- Grabs the Entry and Stop levels off the fib
- Calculates trade volume based on the stop size
- Enters an order based on the levels
Sorry for the newbie question again but I thought I'd ask those in the know rather than fumbling around over the next few days.
I don't think I can generate a fib tool through easylanguage but I could easily do it with a few trendlines.
I know I can access trendlines within easylanguage programatically, so I'm thinking I probably should be able to replicate this script to a fair extent.....
Any ideas?