CCheck New Candle
Info
The CCheck New Candle is a Library for MetaTrader 5 that many mql5 programs explicitly execute part of their code only after the appearance of a new candlestick on the chart. This class saves you from the need to write candlestick monitoring functions in each program.
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 CCheck New Candle
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
Many MQL5 programs explicitly execute part of their code only after the appearance of a new candlestick on the chart.
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: MQ L5 Wizard - Candlestick Patterns Class - another powerful library for MetaTrader 5 traders.
Many MQL5 programs explicitly execute part of their code only after the appearance of a new candlestick on the chart. This class saves you from the need to write candlestick monitoring functions in each program.
Also recommended: Trading signals module based on Fibo Candles indicator - similar library with strong performance on MetaTrader 5.
To use the class, save the attached file to %TerminalPath%\MQL4\Include\Include this file in the required indicator or Expert Advisor:
#include <СCheckNewCandle.mqh>
Create an object:
CCheckNewCandle candle;
// or
CCheckNewCandle candle("EURUSD");
At the beginning of the event processing function, the emergence of new candlesticks is checked (the check result is stored in an instance).
Now, until the next check, the candle[ENUM_TIMEFRAMES timeframe] method returns the result of the previous check using the +candle; method.
P.S. The +candle; call should be performed during program initialization.
You may also like: Trading signals module based on Candles Smoothed 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.
