I think any thing you use to get you out with profit is great. just remember you will either need a re entry rule or sit tight and wait for next psar signal.
there is a way with mt4 to view live 12 hour charts. Weird Ingot Iwas just checking a 12 hr psar.
the period converter indicator will make about any setting you want
Here is how I do it.
Open a new 4 hr chart and run the period indicator on it.
when you run the indicator make sure!
under the
common tab that you check the box
Allow DLL imports
Under the
inputs tab ther is a varable called
period multiplier for 4 hr to 12 hr you would change that to
3.
then click ok, and it creats a 12 format for mt4, but it will not show up like the other TFs.
Do not alter the 4hr chart you used to make the 12 hr TF with. If you do you will have to start all over. Because the 12 will still be there but will not update.
Next go to file, open offline, and find the TF you just created. double click on it and your chart will open as offline but will update tick by tick. (
as long as you dont mess with the original 4hr chart).
You can use any indicators or templates on the offline chart just like any other chart.
Just dont mess with the 4hr chart at all.
Happy Charting
