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: Simplest CS V file writer - another powerful script for MetaTrader 5 traders.
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.
Also recommended: Checking the server time changes due to the daylight saving time (DS T) changeover - similar script with strong performance on MetaTrader 5.
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: downloadhistory. mq5 - excellent alternative for script 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.