A Code block to detect A "New Candle/Bar" using bars history (very effective way)
This professional-grade solution for MetaTrader 5 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 A Code block to detect A "New Candle/Bar" using bars history (very effective way)
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
In previous code I used the
time
to detect a new bar. This time let's use the
bars count
to detect a new bar. it's way
lighter and faster
than using the time method.
Declare the variables in
integer
data type to store the bar counts.
Assign the bars count for the
"BarsTotal_OnInt"
at the initialization.
Use
iBars();
function to assign the bars count for the
"BarsTotal_OnTick"
variable at live chart. This variable is updated on
every tick.
Use
comments
and
alerts
to check the code accuracy.
