New bar event in EA
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use New bar event in EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
So many people wants:
How to detect new bar present.
It is so simple especially if u want detect new bar in current timeframe,
but what about the other timeframe event? It is not too hard but it has some restriction:
MT4 is not support onBar event, but u can put the upward times into array and check the array times every tick, if it reached the right time, execute the new bar event. That means if u run eg.: backtest on M5 timeframe u can catch the M6 M7...D1 events. Why u can detect only upward trends? The answer is a question: how to generate tick data by metatrader? , , ,... Until the D1 timeframe its more difficult because the week starting at eg.: Sunday 20:45 (Broker specific) and the start of the month can start in the middle of the week... etc. I think this info isnt too relevant, so i dont publish it... So there is a for this Q, but i think so many people dont read the articles and forums, so i published this code.
Some explanation: in the init function u fill the time array with the starter times :
and in the start function u checked is there enough time elapsed now, then execute the event
Write ur code in
and
That's all folks.
Update 1.1
: Thx to for clear code
