defining trading time

Hello Traders,

 

Since I am new to EA programming, especially EA Wizard, I kindly ask for your assistance regarding the following issue.

 

I want the EA to only trade from 10 a.m. CET to 7 p.m. CET. Now my questions regarding EA Wizard:

 

– at first step I would like to code an option where I can choose time restrictions true/false

– second, if time restrictions are TRUE, how can I define the trading time range correctly?

– is it possible to code these conditions with EA Wizard or do I have to add it directly to the source code?

 

Thank you for your answers.

 

Michael

 

yes, it is possible and not that difficult.

 

how to control the option:

 

– create a new boolean variable, name it for example TimeRangeActive. You’ll be then able to control it by changing this variable to true or false

 

– your IF condition could look like this:

 

IF TimeRangeActive = true

and Hour > 10

and Hour < 19

and … other conditions

THEN

Enter at market

 

You can use variables for hours too, instead of using fixed numbers.

 

Keep in mind that the times are always your broker times, not CET. So you have to recompute the time to the broker time if he is not using CET time zone.

in 

Thanks a lot for your detailed reply, Mark.

Your support is highly appreciated!

 

Best regards,

Michael

 

In Marc’s post he shows

 

IF TimeRangeActive = true

and Hour > 10

and Hour < 19

 

Could I use that to optimize for best hours to trade? (assigning variables)

Update

 

I did use that and it is working well.

 

BUT, I did not see the first line ‘If TimeRangeActive = True’, not sure where to find that one.

 

Maybe that is from older version of the software.

Dave, Mark defined this variable TimeRangeActive while setting it to boolean type i.e. True or False

 

You can optimize trading time window. Instead of using 10 and 19 fixed values just create variables ‘startTime’ and ‘endTime’ and use them in your condition. Now you can optimize it in MetaTrader.

Don’t forget to add a condition into your trading rule which says ‘startTime < endTime'. This way you ensure everything works correctly

 

Let me know if you need me to create an example

What I did seems to be working so far, I have optimized quite a few times and results seem fine.

 

Thanks

tomas262, I would appreciate an example of setting this up for time range trading.  

 

Thanks

Hi, no problem. Created one for you. It enters a position in a specified time range. In this case I set 9 o’clock start and 9 o’clock end so it trades only between 9:00 and 9:59