forex market sessions identification
Info
The forex market sessions identification is a Script for MetaTrader 5 that features: show main sessions: sydney, tokyo, london and new york. highlight with colored rectangles.
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 forex market sessions identification
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
features: show main sessions: sydney, tokyo, london and new york.
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: Info Market - another powerful script for MetaTrader 5 traders.
features:
show main sessions: sydney, tokyo, london and new york.
highlight with colored rectangles.
you can identify graphically sessions volatility.
Also recommended: script and template for market analysis - similar script with strong performance on MetaTrader 5.
parameters:sessions opening hours (h as int): sydney, tokyo, london and new york.
sessions duration (h as int): sydney, tokyo, london and new york.
rectangle colors: sydney, tokyo, london and new york.
others:
do not highlight not finished sessions (i.e. current session).
script and not indicator / expert, which means that runs once and highlight past data only, do not return data, do not open trades.
You may also like: quick market-watch launcher - excellent alternative for script users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property version "1.01"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property script_show_inputs
input group "sessions opening hours"
input int opensydney = 18, opentokyo = 21, openlondon = 4, opennewyork = 9;
input group "sessions duration"
input int lastsydney = 9, lasttokyo = 9, lastlondon = 8, lastnewyork = 9;
input group "rectangle colors".......
⚠ 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.