bar prediction
Info
The bar prediction is a Script for MetaTrader 5 that example:run the script on daily timeframe, see the results on d1 & m1. inputs:prediction_bar >= -1 : 0 means current bar, -1 the next bar, +1 the first previous bar and so on.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use bar prediction
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.
What this tool does
example:run the script on daily timeframe, see the results on d1 & m1.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: Opening Long Positions with MetaTrader Scripts - another powerful script for MetaTrader 5 traders.
example:
run the script on daily timeframe, see the results on d1 & m1.
Also recommended: Objects Description Activator - similar script with strong performance on MetaTrader 5.
inputs:prediction_bar >= -1 : 0 means current bar, -1 the next bar, +1 the first previous bar and so on.
win > 0 : length of comparison window for stream similarity.
num > 0 : number of illustrated bars.
note:
aqua: the best match stream (shifted).
darkorange: bar close.
lime: predicted bar.
red: bar high.
blue; bar low.
yellow: predicted area.
bar text: similarity error.
You may also like: current next futures - excellent alternative for script users on MetaTrader 5.
Source Code
#property link "https://robotfx.org"
#property version "2.00"
#property description "Educational code - RobotFX www.robotfx.org"
#property script_show_inputs
#define NAME "Bar Prediction"
input int Prediction_Bar =0; // Prediction Bar >= -1
input int Win =10; // Comparision Length > 0
input int Num =5; // Prediction Bars # > 0
datetime time[];
MqlRates Rates[];.......
⚠ 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.