Improvement suggestions for MT5/MQ5
MT4 has Ellipse.
A circle is a specific case of an Ellipse - both foci at the same point.
MT4 has Ellipse.
A circle is a specific case of an Ellipse - both foci at the same point.
You have right, but looks like you don't understand the problem...
In the in-built ellipse, you have to give X1,Y1,X2,Y2 and a scale parameter.
The problem is that everytime you change the scale on the graph (you zoom, move left or right or change timeframe...) the ellipse's scale value remains the same, instead of change, and the lines of the ellipse moves to another position and crossing the price line in a different time/price point.
So you could only use the built in version, if you manually put up the ellipse on the graph as you would like and then continuously calculate and adjust the scale value (to the lines remain in the same place). But until now I couldn't find out how could I calculate the scale to be okay. If it is possible, i would be very happy if somebody can help in it.
So the main problem is that you can't automize the use of circles and their lines always change.
But I think all of these problems could be solved with my kind of solution.
I think it would be nice if there was a video capture button when running an indicator or EA in the strategy tester.
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In the good old MT4 we have the fibonacci arc and the elliptic tools, but unfortunately no one of them is really usable, because as we change the x or y axis their lines always change as well.
My suggestion is a new tool, the Circle. Which has 2 color parameters, 1 for the outline and 1 for the background. But not it is what’s important.
It’s main feature, that we have to give it only 4 coordinates, and it’s always keeps it’s lines as we change the x or y axis. However on the graph it mostly looks like as an elliptic, but for the trader it would be a circle which keeps it’s lines.
It would have the following coordinates:
X1, Y1
Y2, (X2=X1)
X3, (Y3=(Y1-Y2)/2+Y2)
If it could be built in the new version, I would be very happy, because I mostly use circles in my analysis. But I don’t think that it’s only me, who interested in a usable circle.
I think the lack of a usable circle tool is one of the week points of the metatrader platform. I hope MT5 will change this.