Timeframe in MT4 or MT5

Posted by: | Posted on 2:20:00 PM | Post Categories

We can easily find out in the MetaTrader 4 Software (MT4) or MetaTrader 5 (MT5) Software. We can know the actual market High/Low, Open/Close of the market  using Timeframe of 15 Minute, 30 Minute, 1 Hour, 4 Hour, 1 Day, 1 week even 1 Month in MT4. We can use custom Timeframe in MT5.   

If we see a candle of 15 minute, we will find:
➜ Which price candle start
➜ Which price candle close
➜ Market High of that 15 minute
➜ Market Low of that 15 minute
➜ Which time candle Started 

Usually we will see Timeframe in MT4.  However, we can use custom Timeframe in MT5.  

M1  ✓M5  ✓M15  ✓M30  ✓H1H4  ✓D1  ✓W1  ✓MN

If we see any candle of our preferred Timeframe, We can know the market movement details in that Timeframe.

Timeframe in MT4
See the red marked timeframe and candle. We can get price action of that 1 hour. 

Which Timeframe is better for trade ?

It depends on you trading style. If you like to scalping (short time trade) you should follow M5, M15, M30 or H1. And if you like to swing trade (long term/long time) you should follow H4, D1 or W1. 

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