Trading Session Mapping
Info
The Trading Session Mapping is a Script for MetaTrader 5 that this tool is a visual aid which maps the correct trading session beside each hour on the 24-hour clock. It links the session name to the hour relating to your brokers server time, with your computers local time beside it.
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 Trading Session Mapping
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 tool is a visual aid which maps the correct trading session beside each hour on the 24-hour clock.
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: Export Summary Grouped by Trading Days - another powerful script for MetaTrader 5 traders.
This tool is a visual aid which maps the correct trading session beside each hour on the 24-hour clock. It links the session name to the hour relating to your brokers server time, with your computers local time beside it.
Also recommended: Coin Toss Trading - similar script with strong performance on MetaTrader 5.
Depending on what time it is, the current active session (or session overlap) is written in yellow text.It may alleviate any confusion about which session is currently active, and which sessions are overlapping (relating to the server time).
You may also like: Forex market sessions identification - 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.