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5 minute expiry using mt4

jerrybxjerrybx Posts: 2 ✭
in Beginners Questions
When using 5 minute expiry,do I still use the 5minute on the MT4 or do I use the 1 minute,or the time above the 5 minute.I would like to know can someone help me.THANK YOU
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  • kostaszekostasze Posts: 227 ✭✭
    edited August 2013
    Hi jerrybx,
    the time you are using in your trading platform(timeframe) is a different thing from your expiry time (of your trade). It's good to use a smaller timeframe from the expiry time of your trade. For example, if the expiry time of your trade is 15 minutes, it's better to watch the 5min and the 15min timeframe in MT4.
    For 5 minutes expiry time, watch the 1 minute and the 5 minute chart in your MT4.

    Here is an MT4 guide.
    http://forum.binaryoptions.net/discussion/84/mt4-guide#latest
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