Point & Figure charts?

[Dannoo007]

Hello Forum,

Can anyone suggest some resources for trading on Point & Figure charts in MT4? 

The "bars" in P&F are different from the typical time-based charts, so do you reckon EA's can be used at all?? (for counting the O's and X's etc.)

 

Many thanks,

Dan. 

[Ubzen]

Here you go.

[Dannoo007]

Thanks!

... this looks alright, the free version is quite good for a start.

I am still wondering, is it possible at all to trade EA's on this kind of chart? The way I see it, the key to P&F is the minimum and maximum of each bar of X's and Os, signals and targets being derived from this sort of "support/resistance" being crossed - but the chart is NOT a time series so will the typical EAs work on this kind of bars?? I will give it a go with iHigh, iLow etc.. on Mon when markets open, but has anyone tried anytying yet?

[Ubzen]

I am still wondering, is it possible at all to trade EA's on this kind of chart? Sure, you have all the data. 1st: you can try calculating you own p&f within the ea. 2nd: if you don't know how to calculate it yourself, and the indicator has buffers then you could code it using those values the ind provides. 3rd: 1&2=false and the indicator produces objects then you could try creating ea by seeking those object.