Trade when the market is closed
Info
The Trade when the market is closed is a Script for MetaTrader 4 that the script is designed to place orders at the time when it is not possible, for example, when the market is closed. Specify the trading direction (buy or sell), the order volume and the parameters of the stops in the script.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Trade when the market is closed
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
The script is designed to place orders at the time when it is not possible, for example, when the market is closed.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: Metatrader shortcuts extensions (Emilio Shortcuts) :) - another powerful script for MetaTrader 4 traders.
The script is designed to place orders at the time when it is not possible, for example, when the market is closed.
Also recommended: Export Trades - similar script with strong performance on MetaTrader 4.
Specify the trading direction (buy or sell), the order volume and the parameters of the stops in the script. As soon as the market opens, the order will be placed. Moreover, this script will maintain the order until its closure. It is possible to specify all the trailing parameters, then the order will be maintained by a trailing stop once it is opened.There is another feature - virtual stops. If the stop loss or take profit was specified below the stop level allowed by the broker, then the script will control the stop loss and take profit virtually and will close the order by the specified parameters itself.
If a GAP occurs during the attachment of the script to the chart, then the script will try to open the order by the first price available.
It is also possible to specify the start time of the script, then the order will be placed not immediately once the market opens, but at the specified time.
You may also like: A set of scripts for a quick trade with the mouse - excellent alternative for script users on MetaTrader 4.
⚠ 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.