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Version: 3.0

Example S1: Drawing of second timeframe in chart

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example overlays H4 candles on faster timeframes for multi-timeframe analysis. The second timeframe display shows larger trend context while trading on smaller timeframes. This prevents trading against major trends invisible on fast charts.

Higher timeframe overlay provides instant context without switching charts. Traders see both detailed entry timing and overall trend direction simultaneously. The visual representation makes multi-timeframe alignment immediately apparent.

This display technique teaches important multi-timeframe concepts. Understanding how different timeframes relate helps traders avoid common mistakes like counter-trend trading based on short-term signals alone.

caution

Recommended to use timeframe smaller than H4

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Long

Signal Generation - Indicators - STD

  • Signal in use = On
  • Signal used for = Forward
  • Selected indicator = STD
  • Draw in chart = Off
  • Forward adjustment = 3.50

Signal Generation - Indicators - SMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = SMA
  • Draw in chart = On
  • Drawing slot = 1

Signal Generation - Indicators - EMA

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = EMA
  • Draw in chart = On
  • Drawing slot = 2

Signal Generation - Indicator Combinations (SMA & EMA)

  • Signal in use = On
  • Signal used for = Entry
  • Input indicator 1 = SMA
  • Input indicator 2 = EMA
  • Value relation = Value x cross value x

Initial Stop Loss

  • Selection = Indicator
  • Used indicator = STD

Initial Take Profit

  • Selection = Risk ratio
  • Risk ratio = 1.40

Miscellaneous

  • Draw second timeframe = H4

Screenshots​

Example S1: Drawing of second timeframe in chart.webp