This script plots price levels and open positions from the IFR trading pages provided via the FXNews program offered to accounts registered with OANDA Corporation’s FXTrade and FXGame platforms. The IFR trading pages offer a great deal of detail but the strategy and levels are difficult to visualize without actually seeing them on a live chart. This script reads in these trading pages and plots price levels that are of technical significance according to the analysts at IFR Forex Watch. It also plots their latest commentary/strategy on the currency pair in question, as well as any position they currently have open on the pair, along with their profit target and stop loss in the form of colored rectangles.
Operation of this script requires a small amount of effort from the user, as the trading pages need to be manually copied and pasted to file before they can be read in. Follow the below instructions to operate the script.
- Install the script as normal in your MT4 scripts/ folder.
- For each pair you wish to plot, do the following:
- Open the trading page from OANDA’s FXNews application.
- Select all (Ctrl+A) and copy (Ctrl+C) the whole page from the window to Notepad, and save to a file in your MT4 experts/files/ folder. The filename MUST be the symbol of the pair you’re plotting with .txt at the end. For example, copy the EUR/USD trading page text to a file called experts/files/EURUSD.txt
- Save the file
- Drag the script onto the window you wish to plot.
This is a one-shot script; when you want to update the price levels, you must carry out these steps again. As well, when recent price action is high enough, the text in the top right obscures the candles and would make more sense being plotted in the bottom right corner instead. Thus a couple nice opportunities to further automate and improve this script exist.
MT4 Forex Script Characteristics
Platform: Metatrader 4
Time frames: any.
How to install Screenshot Script in MetaTrader 4 / MT4:
Copy and paste the IFR_Trading_Page_Plotter.mql4 into the MQL4 Scripts folder of the Metatrader 4 trading platform.
Restart your MetaTrader 4 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Script (paste here)
On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Scripts” section
Locate the indicator which you have just downloaded into the folder stated in Step 1
Drag (Click and drag) the Script onto the chart (when you want the task to be performed)
your task should now be executed…