System Trading - MetaTrader5 (Page 13)

Unlocking Profits with MACD Four Colors 2 Martingale for MetaTrader 5

What is the MACD Four Colors 2 Martingale EA? This Expert Advisor (EA) operates by opening multiple positions in a single direction—either a BUY or a SELL. The initial trade determines the direction of the subsequent trades in the series. Each new position is executed at the optimal price with an increased lot size, leveraging the Martingale strategy to maximize potential profits. Example of a Series of SELL Positions Pic. 1. MACD Four Colors 2 Martingale The series of positions can be exited once either the 'Maximum Drawdown' limit is hit or the 'Target Profit' is achieved. This means you're not left hanging; you have defined risk and reward parameters to guide your trading decisions. Maximum Drawdown: This is the maximum allowable loss in monetary terms. Target Profit: This is the profit target you set to close the series of trades.

2022.05.04

MetaTrader5

Maximize Your Trading with MA on Momentum Min Profit EA for MetaTrader 5

Understanding the MA on Momentum EA This Expert Advisor (EA) operates based on signals generated by the custom indicator MA on Momentum. Specifically, it looks for the intersection of two lines on the indicator. A 'BUY' signal is only triggered if this intersection occurs below the '100' level, while a 'SELL' signal is triggered only if it crosses above '100'. IMPORTANT: 'Take Profit' is measured in points (for example, 1.00055 - 1.00045 = 10 points), and 'Stop Loss' is measured in monetary value. Positions can be closed when either the 'Take Profit' level is hit (set in points) or the 'Stop Loss' is reached (set in monetary value). Please note that this EA does not utilize a trailing stop. How to Optimize Your Expert Advisor For initial optimization, consider the following parameters: Figure 1: MA on Momentum Min Profit Key Features: The EA can be optimized for your chosen trading timeframe. Only one trade can be executed per bar (this is an internal rule and is not part of the input parameters). When using the 'inside bar' mode (with the parameter 'Search signals on ...' set to 'bar #0 (at every tick)'), the current bar is referred to as bar #0. Conversely, in the 'only at the moment of birth of a new bar' mode (with 'Search signals on ...' set to 'bar #1 (on a new bar)'), the current bar is identified as bar #1. Now, let’s delve into the different parameter groups: Trading Settings: 'Working timeframe' refers to the timeframe on which indicators are generated and where new bars are identified. Set your Stop Loss, Take Profit, and Trailing Stop in Points. Any of these parameters ('Stop Loss', 'Take Profit', 'Trailing Stop') can be disabled by setting the respective parameter to '0.0'. How the trailing feature works is demonstrated in the TrailingStop code. Position Sizing and Management: Position sizing can be static ('Money management' set to 'Constant lot' with the lot size specified in 'The value for "Money management"') or dynamic—risking a certain percentage per trade ('Money management' set to 'Risk in percent for a deal' with the risk percentage defined in 'The value for "Money management"'). You can also set a constant lot size at the minimum level ('Money management' set to 'Lots Min'). Additional Features: The setting 'Positions: Only one' set to 'true' limits the EA to holding just one position at a time. CAUTION: Setting 'Positions: Only one' to 'true' does not override the 'Positions: Close opposite' setting if it’s also set to 'true'! In simpler terms, any opposite positions will be closed first. The 'Positions: Reverse' flag is used for reversing signals. Additionally, the 'Positions: Close opposite' feature ensures that any opposite positions are cleared before a new one is opened. The 'Print log' option generates a detailed log of all actions taken. The 'Freeze and StopsLevels Coefficient' parameter sets a coefficient for stop and freeze levels when these values are zero for a particular symbol, with a recommended value of '3'.

2022.04.28

MetaTrader4

How to Detect New Candle Starts in MetaTrader 4: A Simple Guide

Hey there, fellow traders! Today, we're diving into how to detect the beginning of a new candle in MetaTrader 4, a handy skill for anyone using an Expert Advisor (EA). Unlike ticking quotes, which trigger the OnTick() function, there’s no built-in function for when a new bar starts. But don’t worry; I’ve got you covered! To figure out when a new bar opens, we need to keep an eye on the opening time of the most recent candle. Once that changes, we know a new bar has started, and we can take action. Below is a sample code that works for both MQL4 and MQL5: // Default tick event handler    void OnTick()    {       // Check for new bar (compatible with both MQL4 and MQL5).          static datetime dtBarCurrent  = WRONG_VALUE;                 datetime dtBarPrevious = dtBarCurrent;                          dtBarCurrent  = iTime( _Symbol, _Period, 0 );                 bool     bNewBarEvent  = ( dtBarCurrent != dtBarPrevious );       // React to a new bar event and handle it.          if( bNewBarEvent )          {             // Detect if this is the first tick received and handle it.                /* For example, when it is first attached to a chart and                   the bar is somewhere in the middle of its progress and                   it's not actually the start of a new bar. */                if( dtBarPrevious == WRONG_VALUE )                {                   // Do something on first tick or middle of bar ...                }                else                {                   // Do something when a normal bar starts ...                };             // Do something irrespective of the above condition ...          }          else          {             // Do something else ...          };       // Do other things ...    }; In this code, the static variable tracks the bar's opening time, keeping its value even after we leave the OnTick() function. This is crucial for spotting when the current bar's opening time shifts. Don't forget, when you first place the EA on a chart, the code will act as if a new bar has just opened, so make sure to handle that condition if it needs a different approach. And just a heads up, you can now find all my CodeBase publications' source code in the "Public Projects" tab of MetaEditor under the name "FMIC". Happy trading!

2022.04.24

MetaTrader5

How to Detect the Start of a New Candle in MetaTrader 5

If you're using an Expert Advisor (EA), you probably know that when a new tick quote comes in, the MetaTrader terminal triggers the default OnTick() event handler. But the catch is, there's no built-in event for when a new bar or candle kicks off. To catch the opening of a new candle, you'll need to keep an eye on the opening time of the most recent bar. When that time changes, it signals the start of a new bar, and you can take action accordingly. Below is a sample code snippet that works with both MQL4 and MQL5, demonstrating how to implement this: // Default tick event handler    void OnTick()    {       // Check for new bar (compatible with both MQL4 and MQL5).          static datetime dtBarCurrent  = WRONG_VALUE;                 datetime dtBarPrevious = dtBarCurrent;                          dtBarCurrent  = iTime( _Symbol, _Period, 0 );                 bool     bNewBarEvent  = ( dtBarCurrent != dtBarPrevious );       // React to a new bar event and handle it.          if( bNewBarEvent )          {             // Detect if this is the first tick received and handle it.                /* For example, when it is first attached to a chart and                   the bar is somewhere in the middle of its progress and                   it's not actually the start of a new bar. */                if( dtBarPrevious == WRONG_VALUE )                {                   // Do something on first tick or middle of bar ...                }                else                {                   // Do something when a normal bar starts ...                };             // Do something irrespective of the above condition ...          }          else          {             // Do something else ...          };       // Do other things ...    }; In the code above, the static variable helps keep track of the bar's opening time, even after the OnTick() function has run its course. Unlike regular local variables, this one remembers its value and doesn’t reset when the function ends, which is crucial for spotting any change in the current bar's opening time. Also, keep in mind that when you first load the EA onto a chart, the code behaves as if a new bar has just opened. You might want to handle this situation differently, so be sure to consider that in your coding. Lastly, remember that all my source code for CodeBase publications can now be found in the "Public Projects" tab of MetaEditor under the name "FMIC".

2022.04.24

MetaTrader5

Harnessing the DeMarker Indicator for Profitable Trading on MetaTrader 5

Trading Strategy OverviewThe core concept behind this trading system is to open 'BUY' positions with each new bar while the 'DeMarker' indicator sits below the 'DeM: Level DOWN'. Conversely, 'SELL' positions are triggered when the 'DeMarker' indicator rises above the 'DeM: Level UP'. By default, the 'Positions: Only one' parameter is set to 'false', allowing the EA to open new positions even when there are existing trades in the market.New positions are initiated at the start of each new bar, and there's no evaluation of whether the opening price is optimal.This Expert Advisor does not utilize Stop Loss, Take Profit, or Trailing features; trades are closed based solely on the opposite signal, provided that the resulting profit is greater than zero upon closure. Fig. 1. DeMarker Gaining Position VolumeTesting Across All Symbols Fig. 2. Settings Fig. 3. Inputs Fig. 4. ResultLet’s dive deeper into the parameter groups:Trading Settings:'Working Timeframe' - This is the timeframe your indicators are based on and where new bar searches occur.Position Size Management (Lot Calculation)You can opt for a fixed lot size ('Money Management' set to 'Constant Lot' and specify your lot size under 'The Value for "Money Management"') or a dynamic lot size based on risk percentage per trade ('Money Management' set to 'Risk in Percent for a Deal' and input your risk percentage under 'The Value for "Money Management"'). Additionally, you can set a constant lot equal to the minimum lot size by setting 'Money Management' to 'Lots Min'.Additional Features:The 'Positions: Only One' flag, when set to 'true', limits the EA to a single position in the market. The 'Positions: Reverse' flag manages signal reversals. The 'Print Log' option provides a detailed log of all operations.

2022.04.21

MetaTrader5

Unlock Trading Success with PriceChannel_Signal_v2 EA for MetaTrader 5

Trading Strategy Overview Meet the custom indicator, PriceChannel_Signal_v2! You can grab it here. This handy tool generates a variety of signals: two types to initiate a BUY position, two types for a SELL position, plus one signal for closing each type. It's straightforward—no Stop Loss, no Take Profit, and no Trailing. Example of Opening a Position: Image: 1. PriceChannel_Signal_v2 EA Key Features: The EA is customizable for your preferred working timeframe. Only one trade entry is allowed per bar. In inside bar mode (parameter 'Search signals on ...' equals bar #0 (at every tick)), the current bar is bar #0. However, when using the new bar mode (parameter 'Search signals on ...' equals bar #1 (on a new bar)), the current bar becomes bar #1. Let’s take a closer look at each parameter group: Trading Settings: 'Working timeframe' defines the timeframe for which the indicators are created and where new bars are searched. Position Size Management (Lot Calculation) You can set a fixed lot size ('Money management' set to 'Constant lot' and specify the lot size in 'The value for "Money management"') or a dynamic one, based on the percentage risk per trade ('Money management' set to 'Risk in percent for a deal' and indicate the risk percentage in 'The value for "Money management"'). You can also set a constant lot to the minimum lot size by choosing 'Money management' set to 'Lots Min'. Additional Features: The 'Positions: Only one' flag set to 'true' ensures the EA only holds one position in the market at a time. The 'Print log' feature provides an extensive log of all operations, helping you keep track of your trades.

2022.04.16

MetaTrader5

Mastering CHO Smoothed EA for MetaTrader 5: Your Ultimate Trading Companion

Your Trading Strategy Awaits Meet the CHO Smoothed EA, a robust trading system designed for MetaTrader 5. This Expert Advisor (EA) leverages a unique custom indicator known as the CHO Smoothed. It operates with two key lines: the iCHO line (Chaikin Oscillator) and its smoothed counterpart using a Moving Average. The EA is specifically calibrated for your chosen Working Timeframe, making it adept at determining new bar formations—essential for configuring parameters like Trailing on... and Search signals on.... For those looking for stricter signals, simply switch the 'Use ZeroLevel' parameter to true. Trading Signals: The primary trading signal arises from the intersection of the two indicator lines. In strict mode (with the 'Use ZeroLevel' parameter activated), 'BUY' signals will only occur below zero, while 'SELL' signals will surface only above zero. Figure 1. CHO Smoothed EA Key Features: This EA can be optimized for your selected Working Timeframe. Only one market entry per bar is allowed (this is an internal setting and does not relate to the Only one positions parameter). In inside bar mode (when 'Search signals on...' is set to bar #0 (at every tick)), the current bar is considered bar #0. In contrast, when set to bar #1 (on a new bar), the current bar becomes bar #1. Trade mode parameter: This restricts the direction of trading and can be set to Allowed only BUY positions, Allowed only SELL positions, or Allowed BUY and SELL positions. Use time control: This parameter defines the time interval for searching trading signals, ranging from Start Hour:Start Minute to End Hour:End Minute. This can extend across different days. Let’s dive deeper into each parameter group: Trading Settings: Working Timeframe: This is the timeframe where the indicators operate and where new bars are generated. Stop Loss, Take Profit, and Trailing are measured in Points. Any of these parameters can be disabled by setting them to '0.0'. For more details on how trailing operates, check out the TrailingStop code. Position Size Management (Lot Calculation): You can opt for either a constant lot size (set Money management to Constant lot and specify the lot size) or a dynamic lot based on your risk percentage per trade (set Money management to Risk in percent for a deal and input the desired percentage). You can also set the constant lot equal to the minimum lot size by choosing Lots Min. Time Control: This section establishes the time range for signal searching, enabled via Use time control. You can set the interval for signals from Start Hour:Start Minute to End Hour:End Minute. This range can span across days but does not affect trailing. Additional Features: When the Positions: Only one flag is set to true, the EA will limit itself to a single position in the market. WARNING: The Positions: Only one flag set to true does not override the Positions: Close opposite flag when it’s also set to true. This means that any opposing positions will be closed first before opening new ones. The Positions: Reverse flag controls signal reversal, while Positions: Close opposite ensures that any existing opposite positions are closed before opening a new one. The Print log feature generates a detailed log of all operations, and the Freeze and StopsLevels Coefficient parameter sets a coefficient for stop and freeze levels, particularly important when these levels are zero. A recommended value is 3.

2022.04.13

MetaTrader5

Mastering the Two MA Timeframe Strategy for MetaTrader 5

Your Go-To Trading Strategy If you’re looking for a straightforward trading strategy, you might want to check out the Two MA Other TimeFrame Correct indicators. This approach is designed to keep things simple, as there’s no Stop Loss, Take Profit, or Trailing involved in this Expert Advisor. Instead, trades close only when there’s an opposing signal, making it a no-frills option for traders who prefer a more hands-off approach. How to Identify Trading Signals: To spot a trading signal, you'll need to look at the intersection of the indicators. This means comparing the values of the indicators from bar #1 and bar #0. Figure 1. Two MA Other TimeFrame Correct Intersection Position Sizing: Keeping It Simple The lot size is set as a Constant lot only. Extra Features to Keep in Mind: The Print log feature will generate a detailed log of all your trading activities.

2022.04.08

MetaTrader4

Mastering Multi-Currency EA: Close All Orders Like a Pro on MetaTrader 4

Streamline Your Trading with the Multi-Currency EA Hey fellow traders! If you've ever found yourself juggling multiple currency trades, you know how crucial it is to have the right tools at your disposal. Closing or deleting single currency orders manually is a breeze, but when it comes to multi-currency Expert Advisors (EAs), things can get a bit tricky. With the Multi-Currency EA, closing orders is straightforward, especially if you're familiar with how it operates. It checks for comments to identify which orders to close or delete. If the EA comment input is left empty, it'll automatically close orders based on your selected closing type. What’s even better? It supports both prefixes and suffixes in EA comments, giving you more flexibility in managing your trades. If you're thinking about enhancing this EA further, don’t hesitate to drop your suggestions in the comments section—let’s collaborate and make this tool even better! Check out the visuals below to see how the EA operates: Simple order management for busy traders Customizable EA comments for better tracking Open to suggestions for further development

2022.02.17

MetaTrader4

Mastering RSI: Your Go-To Guide for Overbought and Oversold Signals in MetaTrader 4

Hey fellow traders! Today, we're diving into a powerful tool that can enhance your trading strategy: the RSI-based Expert Advisor (EA) designed for MetaTrader 4. This EA is specifically engineered to generate trading signals based on the Relative Strength Index (RSI) crossing key levels. Whether the market is buzzing with activity or just showing signs of fatigue, this tool helps you make informed decisions. Understanding Overbought and Oversold Conditions So, what does it mean when the market is overbought or oversold? In simple terms: Overbought: This occurs when the RSI crosses above a certain threshold (typically 70), indicating that the market might be due for a pullback. Oversold: Conversely, when the RSI dips below 30, it suggests that the market could be undervalued and ripe for a rebound. With this EA, you can automatically detect these conditions and act quickly. It places trades for you, taking some of the pressure off your decision-making process. So, if you're looking to boost your trading game and harness the power of RSI, this Expert Advisor is worth considering. Happy trading!

2022.02.01

MetaTrader4

Mastering Martingale Strategy with Expert Advisors on MetaTrader 4

If you're diving into the world of trading with MetaTrader 4, you might have stumbled upon the term 'Martingale.' But what does it really mean, and how can it enhance your trading strategy? Let's break it down together! This Expert Advisor (EA) showcases how to effectively implement the Martingale strategy based on signals from any indicator you choose. It's all about leveraging the ups and downs of the market to your advantage. What is the Martingale Strategy? The Martingale strategy is a betting strategy that involves doubling your investment after every loss, aiming to recover past losses with a single win. In trading, this means that if a trade doesn’t go your way, you increase your position size on the next trade. Why Use an Expert Advisor? Implementing the Martingale strategy manually can be a daunting task, especially when emotions come into play. That's where an EA comes in handy! It automates your trades based on predefined signals, allowing you to stick to the strategy without second-guessing yourself. Getting Started with the EA Choose Your Indicator: Select an indicator that you trust and find reliable. Set Your Parameters: Customize the EA settings according to your risk tolerance and trading goals. Monitor Your Trades: Keep an eye on the performance and make adjustments as needed. Remember, while the Martingale strategy can be powerful, it also comes with its risks. Always trade responsibly and do your homework before diving in!

2022.01.30

MetaTrader4

Mastering the RVI Crossover EA with Trailing Stops for MetaTrader 4

If you’re looking to enhance your trading strategy, let’s dive into the RVI Crossover EA. This tool is designed to help you take advantage of market trends by using the Relative Vigor Index (RVI) crossover method. What’s great about this EA is that it not only implements the RVI crossover but also shows you how to incorporate a trailing stop feature. This can be a game-changer when it comes to locking in profits while minimizing risk. Why Use the RVI Crossover? The RVI is a momentum indicator that can signal potential price reversals, making it a valuable asset for traders. Here’s how it works: Identifying Trends: The RVI helps you spot when a trend might be reversing, giving you the edge to enter or exit trades at the right moment. Simple Integration: It’s easy to set up on MetaTrader 4, so you don’t need to be a tech wizard to get started. Implementing Trailing Stops Using trailing stops with your EA is a smart move. It allows you to keep your position open as long as the market is moving in your favor, while automatically closing the trade if the market turns against you. Here’s a quick rundown on how to set it up: Set Your Parameters: Decide on the distance for your trailing stop based on your trading strategy. Monitor Your Trades: Always keep an eye on the market conditions, even with an EA handling the execution. In conclusion, the RVI Crossover EA with trailing stop functionality can significantly boost your trading performance. Give it a try on MetaTrader 4 and see how it can work for you!

2022.01.30

MetaTrader4

Streamline Your Trading with a Fixed Interval Close Order EA for MetaTrader 4

If you're looking to simplify your trading process, this Expert Advisor (EA) for MetaTrader 4 is a game-changer. It automates the placing of orders, while also allowing you to set your stop-loss (SL) and take-profit (TP) levels with ease. What makes this EA particularly interesting is its ability to close orders after a fixed duration. In this case, the order is automatically closed just 30 seconds after it’s opened. This feature is perfect for traders who prefer to operate within a defined timeframe and want to minimize risk. Using this EA can be particularly beneficial in trading strategies where the duration of a trade is predetermined. By relying on this automation, you can focus on other aspects of your trading plan without the constant need to monitor the markets. Automate your trades: No more manual closing; let the EA handle it for you. Set your parameters: Customize your SL and TP to fit your trading style. Time-sensitive strategies: Ideal for those who trade on fixed durations.

2022.01.30

MetaTrader4

Maximize Your Trading with a Trend-Following EA for MetaTrader 4

Hey there, fellow traders! If you’re looking to streamline your trading strategy, let me introduce you to an incredibly useful tool: a trend-following Expert Advisor (EA) for MetaTrader 4. This EA analyzes the closing prices of the last five candles to pinpoint the current market trend. Once it identifies the trend, it automatically places a buy trade for you. This can save you time and help you stay on top of your trading game. Plus, you can customize your stop loss (SL) and take profit (TP) settings right in the input fields. This means you can tailor your risk management to fit your trading style perfectly! Effortlessly follow market trendsAutomated buy tradesCustomizable risk management settings

2022.01.30

MetaTrader4

How to Read CSV Files and Tokenize Strings in MetaTrader 4

Hey traders! If you’re looking to up your coding game in MetaTrader 4, you’ve come to the right place. Today, we’re diving into how to read CSV files and tokenize strings using a delimiter. This handy little code snippet allows you to read a CSV file line by line. Each row is processed so that you can easily separate tokens in a string, whether you’re using an underscore (_), a pipe (|), or any other delimiter you fancy. Why would you want to do this? Well, if you’re pulling information from a CSV file back into your code, this method can save you a lot of time and hassle. Let’s break it down: Read the file row by row. Use your chosen delimiter to split the string. Access the information you need seamlessly! With this approach, you can effortlessly manage your trading data and make more informed decisions. Happy trading!

2022.01.30

MetaTrader4

Mastering Bollinger Bands: A Powerful EA for MetaTrader 4

If you're looking to enhance your trading strategy, you might want to check out this Expert Advisor (EA) that leverages Bollinger Bands. It's designed specifically for MetaTrader 4 and can help you make more informed trading decisions. This EA operates on the principle of price movements relative to the Bollinger Bands. When the price crosses either the upper or lower band, it signals potential trading opportunities. Plus, it comes equipped with built-in features to set your Stop Loss (SL) and Take Profit (TP) levels, so you can manage your risk effectively while you trade. Key Features: Bollinger Bands Analysis: Monitors price action around the bands for optimal entry and exit points. Automated Risk Management: Automatically sets SL and TP to protect your capital. User-Friendly Interface: Easy to set up and integrate into your trading strategy.

2022.01.30

MetaTrader4

Unlocking Profits with Moving Average Crossover Strategies in MetaTrader 4

Hey there, fellow traders! If you’re looking to up your trading game, you’ve probably heard about the power of moving averages. Today, I want to dive into a handy tool that can take your trading strategies to the next level: the Moving Average (MA) Crossover Expert Advisor for MetaTrader 4. This EA is designed to help you capitalize on the moving average crossover technique, which is a favorite among traders. By analyzing the intersection of short and long-term moving averages, this tool can help you identify potential entry and exit points in the market. Why Use a Moving Average Crossover EA? Automation: Let the EA handle the heavy lifting while you focus on other trading strategies. Consistency: Eliminate emotional trading by relying on data-driven signals. Customization: Tailor the EA settings to match your trading style and risk tolerance. Whether you’re a seasoned pro or just starting, this EA can be a game-changer. So, why not give it a whirl? Trading is all about finding what works for you, and the Moving Average Crossover EA might just be the ticket to enhancing your trading journey!

2022.01.26

MetaTrader4

How to Check Trading Times with an Expert Advisor on MetaTrader 4

Trading at the right time can be just as crucial as the strategies you use. If you're using MetaTrader 4, you might find yourself needing a simple way to check whether the current time falls within your desired trading hours. Why Check Trading Times? Many traders prefer to enter trades during specific hours. This could be due to market volatility, news releases, or personal availability. By setting your Expert Advisor (EA) to only trade within a specified time frame, you can enhance your trading strategy and avoid unnecessary risks. How This Code Works This straightforward function requires two inputs: your start time and your end time. Once you input these times, the code will check if the current time is between these two points and will respond accordingly. Implementing the Function Here’s a quick rundown of how you can implement this in your EA: Input your desired start time. Input your desired end time. Run the function to see if the current time is within the range. With this handy tool in your trading arsenal, you can ensure that your trades are executed only during the times you deem optimal.

2021.12.24

MetaTrader4

How to Identify Binary Options Symbols in MetaTrader 4

If you're diving into the world of trading, you've probably come across various symbols in your MetaTrader 4 (MT4) market watch. Among these, you might find some that are binary options, but figuring out which ones can be a bit tricky. Different brokers tend to have their own ways of labeling binary options symbols, which can certainly add to the confusion. For example: Some brokers might add .bo at the end of their binary options symbols. Others might use _OP in their naming conventions. Meanwhile, some brokers could have their own unique formats altogether. This inconsistency can make it hard to determine whether a symbol is actually a binary option or not. But don’t worry, there's a reliable method to clear things up! In the code I've attached, we utilize MODE_PROFITCALCMODE to accurately detect if a symbol is a binary option. This is a surefire way to identify binary options symbols in your market watch. The code goes through all the symbols in your MT4 market watch and picks out those that are binary options, making your life a whole lot easier. So next time you're trading, you can quickly and confidently identify binary options symbols without any guesswork!

2021.12.17

MetaTrader4

How to Use Check Trade Time Function in MetaTrader 4 for Optimal Trading

Hey traders! Today, I want to share a nifty little function that can make your trading life a bit easier—especially if you’re using MetaTrader 4. It’s called the Check Trade Time function, and it’s perfect for ensuring that your trades only happen during specific hours of the day.Sometimes, we want our Expert Advisors (EAs) to only make moves during certain times. This function allows you to set a start time and an end time, so you can control when your trades are executed.Here’s how it works:Input Parameters: You’ll need to provide two inputs:Start Time: This is when you want your trading to kick off.End Time: This marks the closing bell for trading.The function will then check if the current time falls between your specified start and end times. If it does, you’re good to go! If not, it’ll hold off on making any trades, keeping your strategy in check.In a nutshell, using the Check Trade Time function can help you stick to your trading plan and avoid those pesky off-hour trades that can throw a wrench in your strategy. So, if you want to keep your trading on point and only enter trades when the time is right, give this function a shot!

2021.12.17