simple code for detect a "new bar or new candle " received
Info
The simple code for detect a "new bar or new candle " received is a Expert Advisor for MetaTrader 5 that this code block detectsa new baror a new candlewhen it has received. the basic principle of the codes is very simple.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use simple code for detect a "new bar or new candle " received
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.
What this tool does
this code block detectsa new baror a new candlewhen it has received.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Simple EMA Cross Expert Advisor with Stop Loss, Take Profit, and Magic Number - another powerful expert for MetaTrader 5 traders.
Also recommended: simple moving average (ma) expert advisor - similar expert with strong performance on MetaTrader 5.
this code blockdetects
a
new bar
or a
new candle
when it has received.
the basic principle of the codes is very simple. first the code stores the
time of the previous bar / candle
. (then add
60 seconds
(equals to
1 min.
you can add time as you want) to the time of the previous bar which give the
closing time value of the current bar / candle.
once,
current time = closing time value of the current bar / candle.
that means a new has received / the current bar has closed..
in this code the flag (the bool type variable 'newbarrecived') avoids the multiple calling of this code block. which means this code block execute only once per bar / candle. the
comment();
and the
playsound("ok.wav");
is used to check the accuracy of the code block. you can remove it if you want.
the flag is reset to false once the current time is above the closing time of the current candle to check next bar arrival. (watch comments to see).
You may also like: simple expert advisor: combining sma and adx for effective trading - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
bool NewBarRecived = false; // Falg for controll.
int OnInit()
{
EventSetTimer(60);
return(INIT_SUCCEEDED);
}
void OnDeinit(const int reason).......
⚠ 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.