Accurate Timer
Info
The Accurate Timer is a Library for MetaTrader 5 that the metatrader 4/5 is based on the system timer call and can therefore work inaccurately. We can check this by running the following simple Expert Advisor:In the chart comment (the upper left corner) it shows how the timer lag grows:The screenshot shows that in just a minute, the second timer creates a lag of more than a second.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Accurate Timer
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
The MetaTrader 4/5 is based on the system timer call and can therefore work inaccurately.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Timer - another powerful library for MetaTrader 5 traders.
The MetaTrader 4/5 is based on the system timer call and can therefore work inaccurately. We can check this by running the following simple Expert Advisor:
Also recommended: state - behavioral design pattern - similar library with strong performance on MetaTrader 5.
In the chart comment (the upper left corner) it shows how the timer lag grows:The screenshot shows that in just a minute, the second timer creates a lag of more than a second. Moreover this lag grows over time!
This library allows increasing the accuracy of the standard timer for any Expert Advisor/indicator. For this purpose, the following line should be added at the beginning of the code:
After that the following comment will be shown:
After ten minutes of operation, the average deviation from the ideal (theoretical) timer is ~1 ms, and the error will not grow.
It is always good to have an accurate timer. But for some tasks it is a must. For example, a second timer synchronized with the .
This cross-platform library is compatible with all Expert Advisors/indicators, which use the . It does not affect the execution speed in the strategy tester.
Increase the accuracy of your existing and new programs in just one line!
You may also like: Trading signals module based on Color JFatl indicator - excellent alternative for library users on MetaTrader 5.
⚠ 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.