How to Create a Synthetic Instrument In MetaTrader 5

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<a href="https://www.onestepremoved.com/synthetic-instrument-metatrader-5/"><img title="VXCalSpreadH1" src="http://d1p9cjl89wwo3v.cloudfront.net/wp-content/uploads/2018/01/VXCalSpreadH1-300×225.png" alt="VIX calendar spread" width="300" height="225" /></a>
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<p>The last version of MetaTrader required offline charts for anyone that wanted to create a <a href="https://www.onestepremoved.com/synthetic-currency-pair/">synthetic currency pair</a> or instrument. Since MetaTrader 5 still does not allow for offline charts, the ability to create synthetic time frames isn't possible using the charting time series.</p>
<p>The new build 1640 for MT5 introduces the ability to create synthetic instruments. I, for example, want to watch VIX Calendar Spreads. Instead of just using my indicator, I also would like to see a chart that helps me track the calendar spread.</p>
<div><p>A synthetic instrument chart displaying VIX Calendar Spreads</p></div>
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<h2>How To Create A Synthetic Instrument Chart</h2>
<p>Right click on the Market Watch window (look to the image on the right). You'll see Symbols appear in a dropdown menu. Click on it.</p>
<p>Alternatively, just push Ctrl + U on your keyboard.</p>
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<p>Now enter in the Synthetic Instrument name. The name can be anything that you choose with allowed characters.</p>
<p>The most important step is to enter in your formula. As you can see in the image below, mine is a symbol subtraction. The primary keywords that you'll use are bid() and ask(). So, if you want the bid of EURUSD, for example, you type in bid(EURUSD).</p>
<p>Finally, make sure to set the number of digits in your instrument. Otherwise, your chart will show a large number of unwanted, extra decimals.</p><p>The post <a rel="nofollow" href="https://www.onestepremoved.com/synthetic-instrument-metatrader-5/">How to Create a Synthetic Instrument In MetaTrader 5</a> appeared first on <a rel="nofollow" href="https://www.onestepremoved.com">Algorithmic and Mechanical Forex Strategies | OneStepRemoved</a>.</p>