Reading Bid and Ask Prices from Binary Files
Info
The Reading Bid and Ask Prices from Binary Files is a Script for MetaTrader 5 that this script reads bid and ask price data from a binary file, generated by an expert advisor. The file is located in a subdirectory of the terminal's local folder, accessible via the () function.
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 Reading Bid and Ask Prices from Binary Files
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 reads bid and ask price data from a binary file, generated by an expert advisor.
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: Reading and Printing Data from a Local File - another powerful script for MetaTrader 5 traders.
This script reads bid and ask price data from a binary file, generated by an expert advisor. The file is located in a subdirectory of the terminal's local folder, accessible via the () function.Also recommended: export calculated prices & indicator buffers - similar script with strong performance on MetaTrader 5.
The code uses the () function to read the entire file content, then displays the data in a cycle.
Code:
- ()
- ()
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property script_show_inputs
input string inpfilename="data.bin";
input string inpdirectoryname="somefolder";
struct prices
{
datetime date; // date
double bid; // bid price.......
⚠ 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.