Key Finder 2. 0
Info
The Key Finder 2. 0 is a Script for MetaTrader 5 that this script finds demark pivot points, displays them on the chart and indicates their dimensions. This script has practically the same functionality as.
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 Key Finder 2. 0
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
This script finds DeMark pivot points, displays them on the chart and indicates their dimensions.
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: Key Finder - another powerful script for MetaTrader 5 traders.
This script finds DeMark pivot points, displays them on the chart and indicates their dimensions.
This script has practically the same functionality as . It doesn't have any visual differences except the button which deletes the script and all associated objects from the chart.
Also recommended: Function for converting the number of seconds to years, months, days, hours, minutes, seconds - similar script with strong performance on MetaTrader 5.
Fig. 1. RTS index futures chart after applying KeyFinder 2.0 scriptAlthough the script hasn't been changed both visually and functionally, it's code has been significantly modified.
CKeyFinder class has been created for the script.
Fig. 2. CKeyFinder class
The code of the class is provided below. As I tried to make comments as detailed as possible, you shouldn't face any problems.
Because most of the code has been moved to the class, the main script code is very compact.
And finally, I provided several helpful links and explanations:
To use the script in MetaTrader 4 you need to change the extension of the file KeyFinder2.mq5 to mq4 and recompile it in MetaEditor. The KeyFinder.mqh file containing the class code should be stored in the same folder (for example, MQL5\Scripts) as the main script file.
I am looking forward to reading your comments, feedback and suggestions. Good luck in trading!
You may also like: History Select By Position - 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.