3FoldTradingHours
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This tool is designed to serve as a visual time-management guide for traders using the MetaTrader platform. Its primary purpose is to monitor the current time and provide an immediate on-screen status update regarding whether the market is currently within your predefined active trading windows.
Core Functionality
The script allows you to establish up to three distinct "Trading Windows" throughout a 24-hour day. By inputting specific start and end hours for each window, you create a customized schedule that dictates when you consider the market suitable for activity.
How it Works
The logic operates through a continuous monitoring process:
- Configuration: You define three separate sets of start and end hours. If no hours are entered, the system alerts you that the trading hours have not been set.
- Real-Time Monitoring: The script constantly checks the current hour of the day against your three defined windows.
- Active Status Check: It evaluates if the current time falls inside any of the three designated periods.
- Visual Feedback: The tool provides a clear, text-based notification directly on your trading chart:
- If the current time falls within any of your specified windows, it displays a "TRADING HOURS" alert.
- If the current time falls outside of all three windows, it displays a "NON-TRADING HOURS" warning.
Key Benefits
This script acts as a constant "traffic light" for your trading session. Instead of manually checking the clock to ensure you are trading during high-liquidity periods or avoiding specific times (like news events or low-volume sessions), this tool provides an instant visual confirmation, helping you maintain discipline and focus on your preferred trading schedule.
//+------------------------------------------------------------------+
//| 3FoldTradingHours.mq4 |
//| cubesteak |
//| http://www.cubesteak.net |
//+------------------------------------------------------------------+
#property copyright "cubesteak"
#property link "http://www.cubesteak.net"
#property indicator_chart_window
//---- input parameters
extern int FromHourTrade1=-1;
extern int ToHourTrade1=-1;
extern int FromHourTrade2=-1;
extern int ToHourTrade2=-1;
extern int FromHourTrade3=-1;
extern int ToHourTrade3=-1;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
//----
int a,b,c;
bool UseHourTrade = true;
if (UseHourTrade)
{
if (
FromHourTrade1==-1 &&
ToHourTrade1==-1 &&
FromHourTrade2==-1 &&
ToHourTrade2==-1 &&
FromHourTrade3==-1 &&
ToHourTrade3==-1
) Comment("Trading Hours Not Set");
else
{
int now = Hour();
if (
( (now>=FromHourTrade1) ) &&
( (now<=ToHourTrade1) )
) a=1;
if (
( (now>=FromHourTrade2) ) &&
( (now<=ToHourTrade2) )
) b=1;
if (
( (now>=FromHourTrade3) ) &&
( (now<=ToHourTrade3) )
) c=1;
if (
(a!=1) &&
(b!=1) &&
(c!=1)
)
{
Comment(
"\n"," ^^^^^^^^^^^^^^^^^^^^",
"\n"," * NON-TRADING HOURS * ",
"\n"," ^^^^^^^^^^^^^^^^^^^^");
}
else Comment(
"\n"," ^^^^^^^^^^^^^^^^",
"\n"," * TRADING HOURS * ",
"\n"," ^^^^^^^^^^^^^^^^");
}
}
//----
return(0);
}
//+------------------------------------------------------------------+
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