Forex market sessions identification
This is a powerful addition to your MetaTrader 5 toolkit designed to optimize market analysis and performance. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Forex market sessions identification
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.
Description & Settings
Features:
Show main sessions: Sydney, Tokyo, London and New York.
Highlight with colored rectangles.
You can identify graphically sessions volatility.
Parameters:
Sessions opening hours (h as int): Sydney, Tokyo, London and New York.
Sessions duration (h as int): Sydney, Tokyo, London and New York.
Rectangle colors: Sydney, Tokyo, London and New York.
Others:
Do not highlight not finished sessions (i.e. current session).
Script and not indicator / expert, which means that runs once and highlight past data only, do not return data, do not open trades.
