Friday, 23 May 2014

Nifty Future MT4 Real Time Charts

GCI Trading provides MT4 metatrader 4 platform for Nifty Futures Realtime charts. Also you could find 10 Indian CFD’s with realtime charts in GCI trading MT4 platform.
1)Bharti Airtel
2)Infosys
3)Reliance Communication
4)Reliance Industries
5)Reliance Infra
6)State Bank Of India
7)Tata Motors
8)Tata Power
9)Tata Steel
10)Wipro
Professional traders and even students of stock markets could make use of this free realtime facility to gain more knowledge on trading strategies with indian market with a highly sophisticated trading platform like metatrader 4.  Other than Nifty you can also get Forex, World Indices, US Stocks and Dollar Denominated Commodities live charts at free of cost.
Chart Setup Procedure
1)Download and Intall the GCT Trading Software
2)When launching the program for the first time, you will see a window with the registration form; after you have filled it in, you will automatically get a demo account.
3)Now Right Click on the Market Watch
4)Select SYMBOLS
5)To get Indian CFD’s go to CFD Shares IN and select one of your favorite Nifty stocks among the list. Nifty future will be found under Indexes
6)Click on the Tab SHOW
7)Now the Corresponding Ticker will be available in the Market Watch
8)To get the chart just right click on the Ticker and Select Chart Window
10)Now Charts are live and you can change the Periodicity of the chart and change it for the required time frame.
Note : There will be a small variation with the spot price and GCI MT4 price because GCI quotes the latest value along with Spread margin as GCI charge brokerage in in terms of Spread Margin. So GCI Price = Latest Price + Spread Margin.  Usually there will be a difference of 4 of 5 points between them.  So while placing a order with your broker you will need to be aware of this difference in nifty rate and MT4 rate. 

How to Plot Any Timeframe in Metatrader

Some strategies work better in a time frame which is not provided by default in MT4.  Period converter.mq4 will serve that purpose.

Step to Plot 3 min timeframe
1)Download the indicator (Period_Converter_OPT.mq4) and unzip it.  Now copy paste this mq4 file into your metatrader directory\MQL4\indicators (GCI MT4\MQL4\Indicators).  The path will be like this.  C:\Program Files\GCI MT4\MQL4\Indicators. It will show up under “Indicators” in your Navigator box.
2) If you want 3 min timeframe chart , for example, open a normal M1 chart, and apply the Period_Converter_OPT indicator to it (drag/drop it into your chart). In the indicator’s properties box, choose the desired PeriodMultiplier (e.g. 3). By default, it is 2 there.  You would need to change it to 3.  IMPORTANT: In the “Common” tab, check the “Allow DLL inputs” box. Also, keep the UpdateInterval “0″ to allow the updates to be in real-time.
3)On the main MT4 platform, go to File>Open Offline and your new chart will be listed, so simply choose it (e.g. Nse_Nifty, M3). This will bring up the new chart. Any indicators you apply to this new chart (e.g. MAs, Stochs, RSI, etc.) will be based on the custom time-frame.
4)IMPORTANT: You must keep the original chart (onto which you had originally applied the Period_Converter_Opt.mq4 indicator in Step 2 above) always open if you want the new non-standard time-frame chart to automatically update with current ticks. If you close that chart or remove the indicator from it, the custom chart will not update. 
That’s basically it. All multiples will work. So, if you want H12, for example, use PeriodMultiplier=12 on an H1 chart, keeping that H1 chart open if you want the new chart to be continuously updated. (Remember to always check “Allow DLL inputs”, too.)

Update:  NPA Trader has shared another period converter.  You can also use this.  It can be downloaded from this link.  Click here

Disclaimer:  This article is taken from www.marketcalls.in.  I have just made necessary changes in it. I thank 

26 comments:

  1. Thanks a lot URD.

    It deserves a bow!

    Thanks,
    Rajib

    ReplyDelete
    Replies
    1. Rajib

      Thanks for your comment. I am happy that in some way I could help you out.

      Delete
  2. Hi URD,

    I'm not able to find any folder like experts in that folder, what can I do now, please guide. Thanks in advance!!

    ReplyDelete
    Replies
    1. Allwin

      If you downloaded GCI in program files like me, the path would be like this "C:\Program Files\GCI MT4\MQL4\Indicators" Look into your PC, where it was installed, double click on that folder, then MQL4 and then indicators.

      URD

      Delete
    2. Thanks Dave, but still not able to solve the issue in the C:\Program Files(
      *86)\GCI MT4\ folder there is no MQL4 folder. I will try re installing the app and get back to you,

      Thanks,
      Allwin

      Delete
    3. Dave, I reinstalled the MT4 and now I can find the indicators folders but the changes I made in this folder is not reflecting in the MT4.(Not able to find the indicators I add or neither can I see them being deleted in mt4 when I delete in the folder). Please advice what to do. Thanks in advance

      Delete
    4. Allwin

      Another way to do is, click ctrl N on mt4, navigator window opens. Then click scripts, a period converter is already present there without any download. Right click on period converter then click execute on chart or hold it with mouse button and drag it on the chart. Rest of the process is same as mentioned in this post.

      Try this way and let me know if any problem.

      URD

      Delete
    5. This worked, thanks a lot Dave!!

      Delete
  3. hi
    how to manage that 4 to 5 points difference while placing order?

    ReplyDelete
  4. Hi,after seen ur video i install metatrader demo account.but it only running forex chart no indian chart or index available on market watch.plz help.
    Thank u.
    sentu

    ReplyDelete
    Replies
    1. Sendylan

      You need to carefully go through this post and follow all the instructions as mentioned in this post.
      It is already mentioned,
      Right Click on the Market Watch
      Select SYMBOLS
      To get Indian CFD’s go to CFD Shares IN and select one of your favorite Nifty stocks among the list. Nifty future will be found under Indexes
      Click on the Tab SHOW
      Now the Corresponding Ticker will be available in the Market Watch
      To get the chart just right click on the Ticker and Select Chart Window

      URD

      Delete
  5. Hi Dave,
    I've Installed MT4 and I can find the indicators folders but the changes I made in this folder is not reflecting in the MT4.(Not able to find the indicators I add or neither can I see them being deleted in mt4 when I delete in the folder).

    After that i follow Another way explained to Allwin as click ctrl N on mt4, navigator window opens. Then click scripts, a period converter is already present there without any download. Right click on period converter then click execute on chart or hold it with mouse button and drag it on the chart.

    After doing this also i could not found Periodic converter in Indicator list. where as if i try to drag any other indicators i am able to find them in Indicator list.

    Pls advise what to do..

    Thank you,

    Kiran.




    ReplyDelete
    Replies
    1. Kiran

      Whenever you do any changes in the indicator folder, you would need to close the MT4 and then open it for these changes to take effect.

      What you applied from the navigator is the script. It is not indicator. So it will not reflect under indicator list. Also you will have to apply this script every time you open MT4.

      If any problem go through the "help" section on MT4. Everything is explained about indicators, scripts etc there. This is a new software for you. You will require some time to explore its features and get used to it. It won't happen overnight. It will take some time to learn tweaks and tricks of the MT4 software.


      URD

      Delete
  6. Hi All,

    Who ever facing issues like, 'Indicator is not displaying when trying to insert' as shown by UR Dave sir in video.. try below step.

    Instead of copying period converter directly into path like c:/programfiles/ ... try below way

    Go to file -> open data folder -> MQL4 -> Indicators.... copy here the period convertor file... restart MT4.. and follow remaining steps as-is.

    It worked fine in this way for me.. in windows 8, 64-bit.

    ReplyDelete
    Replies
    1. Rose

      Thanks a lot for posting this comment. I will help them clear lot of doubts.

      URD

      Delete
  7. Thanks for your suggestion Dave..I've tried to close and reopen MT4 after coping Indicator. Still the same issue, i've also go through manual. I got few doubts on indicator please advise.

    1) Indicator name is displayed as "Period_Converter_Opt - Copy" after the extraction. Is it the right naming convention.
    2) After drag and drop of periodic converter from navigator pane, i could not found visualization and colors tab instead i found dependencies tab, I suspect something wrong in the custom indicator pane..Pls advise

    Thank you,
    Kiran.

    ReplyDelete
    Replies
    1. Kiran

      As Rose has suggested, search your computer for the folder called "MQL4" Under this MQL4 there will be another folder called "Indicators" Copy and paste the period converter indicator here in this folder. Then restart Mt4.

      Again, from navigator panel what you are using is "script" It is not an indicator so the settings will be different.

      Try as suggested above.

      URD

      Delete
  8. Dave, I just thought this indicator may not work for windows 8.1 as it shows user32.dll in dependencies tab. May i know in which OS you have used this Indicator?

    Thank you,
    Kiran.

    ReplyDelete
    Replies
    1. Kiran

      See the comment posted by "Rose" above.

      I used it in XP and Win 7 64 bit.

      URD

      Delete
  9. Dave, Many Thanks for your post..It's working now..Rose thanks for your innovative steps :)

    Kiran.

    ReplyDelete
  10. Dave, I had an issue with an Indicator "Period_Converter_OPT.mq4" so i use the indicator from the below link provided by NPA trader on July 27th. it worked for me in windows 8.1 64 bit. http://nsemcxpriceaction.blogspot.in/

    Thank you,

    Kiran.

    ReplyDelete
    Replies
    1. Kiran

      It is good to see that you finally got it running. I have already updated the post for that indicator.

      URD

      Delete
  11. GCI MT4 was giving Nifty futures charts till end of SEP14 series end. But from 26-Sep-14 it is not updating. Anybody aware of any issues?

    ReplyDelete
  12. This was really helpful Thanks :)

    ReplyDelete
  13. Sir few days GCI is not working, is there any other, MT4 which provides nifty

    ReplyDelete
    Replies
    1. Sanjay

      Sometimes it happens like that. Few days it will not work. Wait for some more time, hopefully it will start working again.

      Alternatively, you can also explore Amibroker. It is free to use and details are here,
      http://charttechnicals.blogspot.in/2016/01/free-live-amibroker.html

      URD

      Delete