History Center on Tools Menu in MetaTrader 5

The history center in MT5 is located on the tools menu. The history center will start to store data for every trading chart which you open on the MetaTrader 5, This means that if you open the MT4 Symbol M15 chart, then from that point on the MT5 history center will store information for this MT4 Symbol time frame and every time you login again to the platform to trade this information will be updated with the most recent bitcoin prices & will then stored.

This also means that for any other chart not opened on your MetaTrader 5 the trading platform will not start to save data for that chart. For example, if you only open M15 for MT4 Symbol only info for M15 will be stored, and not for MT4 Symbol 1H or MT4 Symbol 4H chart. Hence, if you want to start saving records for 1H & H4, then you must start by opening these time frame and the data will start to get saved from this point.

In the trading example shown below, the MT4 Symbol Time frames are Shown, However only M15, H1 and H4 Icons are highlighted yellow and Green meaning info is being saved and updated to the History center. All others are Gray in color, meaning they haven't yet been opened on this btcusd crypto trading platform. To change this and have these charts start to update and have the bitcoin price information saved, just open any time-frame for the MT4 Symbol, for example the 30 minutes & the Icon for this time-frame will immediately change from Gray to Yellow and Green, do the same for all others.

From the above example you can see the format that MetaTrader 5 uses to store bitcoin price data info as figures, these figures are the ones used to replicate the chart.

Why Use the MetaTrader 5 History Center

Because of the format of storing data in figures it means that these figures can be analyzed using mathematical formulas and mathematical techniques can then be used to trade by interpreting bitcoin prices.

These Mathematical techniques are implemented for trading using computer programs. Computer programs will be programmed using these mathematical techniques & formulas. This will produce what in programming is referred to as algorithm, these algorithms are implemented on MT5 using programs known as Automated EAs - Automated Bitcoin Trading Programs.

This Automated EAs answer the question why the need for the History center? The information stored is used by traders to test their automated Bitcoin Trade Automated EAs to get an idea of how these Expert Advisor Bitcoin Robots would have traded and then determine whether they are profitable or not. If these are profitable, traders implement these automated trading systems on live market, if not then the trader changes their mathematical formula & reprograms the algorithm, then tests this new algorithm with the same data on the history center until the time the trader will program an algorithm that is profitable enough to trade the live Bitcoin market & make profitable trades.

One of the methods of obtaining data to the history center is to download this information using the download button key as illustrated & shown below: However, this downloaded figures tends to have gaps & give inaccurate info, hence as a btcusd trader it's best to use data which has been downloaded by the platform itself after installing & setting it up. That means the information that's available from when you downloaded the software & started to trade with it, even if it's a couple of weeks or a couple of months.

If you want to begin testing these Automated EAs then for every bitcoin trading you trade you must open that bitcoin chart, as well as opening all the time-frames of that chart, that is the following:

1 Minute - M1
5 Minute - M5
15 Minutes - M15
30 Minutes - M30
1 Hour - H1
4 Hours - H4
Daily - D1
Weekly - W1
Monthly - MN

In testing your Automated Bitcoin Trading Automated EA, select the start date as the date when you will execute the above operation of downloading all the data for these chart time frames, so as to make sure your Automated EAs are using correct info and give you the right results.

Because of this reason you shouldn't download any data on your MetaTrader 5, just use the data that is available after you open the charts as shown above and begin from that point onwards.

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History Center on Tools Menu in MetaTrader 5

Why Use the MetaTrader 5 History Center