Time Filter for Trading Positions
Info
The Time Filter for Trading Positions is a Library for MetaTrader 4 that this library provides a function to filter trading positions based on a specified time range. If the current time falls within the set interval, the function returns true, allowing trades to proceed.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Time Filter for Trading Positions
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
This library provides a function to filter trading positions based on a specified time range.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: time suite - another powerful library for MetaTrader 4 traders.
This library provides a function to filter trading positions based on a specified time range.If the current time falls within the set interval, the function returns true, allowing trades to proceed.
Also recommended: Real-Time Excel Export - similar library with strong performance on MetaTrader 4.
Usage Example:
extern
string timestart = "12:00";
extern
string timestop = "14:00";
bool tradeallow = stimefilter(timestart, timestop);
if (tradeallow == true)
{
// Place your trading functions here
// ordersend(...);
}
This enables an EA to open positions between 12:00 and 14:00.
If you set start = 20:00 and stop = 08:00, the EA will trade from 20:00 today until 08:00 tomorrow.
You may also like: Convert Time to Double and Vice Versa - excellent alternative for library users on MetaTrader 4.
Source Code
#property library
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
bool stimefilter(string instart,string inend,string instring=":")
{
bool result=true;
int timehourstart,timeminutestart,timehourend,timeminuteend;
static datetime timestart,timeend;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.