MetaTrader - It's a Question of Scale

Discussion in 'Newbie Questions' started by BenVaughan, Jan 10, 2011.

  1. BenVaughan

    BenVaughan Trader

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    I'm just starting to trade GBP/USD on the 15 min chart using MT4.

    Can anyone tell me what the optimum scale is for the currency axis. Depending on how much I zoom in or out on the currency axis it completely exagerates or flattens any trends.

    Many thanks.
     
  2. Enivid

    Enivid Administrator Staff Member

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    That doesn't really matter much as the relations between different price levels remain the same. You should work with the scale that you are comfortable with.
     
  3. akuvision

    akuvision Trader

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    enivid is right, don't just focus on 15 min, rotate it between H1 and H4 or 30 min. Usually I use 3 period, 15 min, 30 min, and H4
     
  4. Numa

    Numa Trader

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    I also regard the daily charts to have an impression of long-term trends. This helps quite often to have multiple information at hand
     
  5. ezrydn

    ezrydn Active Trader

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    Ben,

    Since your question notes your desire to see, or check, trend, here's something I use.

    Prior to trade, bring up your desired chart, TF not important. Use the spy glass + and - to compact the graph fully. Now, there's you main trend along with your secondary trending. Simple enough and works great.

    Overall scale isn't a factor in the MT4. Oh, there are moments when the display will "crunch" on you, especially on vertical scale changes. However, you can find an acceptable medium there.

    Hope that helps.
     
  6. Rob Taylor

    Rob Taylor Active Trader

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    I always go with the default setting, and use the spy glass if i need to see more candles.
     

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