Working with Files. An Example of Important Market Events Visualization

10 July 2006, 14:31
Andrey Opeyda
4 697

Every trader knows that is is rather risky to open a position using only technical analysis (TA). It would be more proper to open position using both fundamental and technical analysis. Most often, traders who work on TA use an events schedule in order to consider possibly volatility of the market and not to expose their positions to undue risks. It would be very convenient if all key events of the trade day were displayed in the price chart. For example:

15.05.2006;9:00; Industrial Production M.M ;Japan;March;3.40%;1.00%;
15.05.2006;16:30; New York Fed Survey ;USA;May;15.8;15;
15.05.2006;17:00; Netto Capital Flow ;USA;March;86.9Bln;80.0Bln;
16.05.2006;12:30; HICP Y.Y ;U.K.;April;1.80%;2.00%;
16.05.2006;13:00; ZEW Economic Sentiment;Germany;May;62.7;65;
16.05.2006;16:00; Wal-Mart Stores Report;USA;1qtr.;-0.61;-;
16.05.2006;16:30; PPI M.M ;USA;April;0.50%;0.70%;
16.05.2006;16:30; PPI ex. Mortgage and Energy M.M;USA;April;0.10%;0.20%;
16.05.2006;16:30; Housing Starts ;USA;April;1.960Mln;1.960Mln;
16.05.2006;16:30; Building Permits ;USA;April;2.094Mln;2.050Mln;
16.05.2006;17:15; Industrial Production M.M;USA;April;0.60%;0.40%;
16.05.2006;17:15; Capacity Utilization ;USA;April;81.30%;81.50%;
17.05.2006;8:30; Industrial Production (rev.) M.M ;Japan;March;0.20%;0.20%;
17.05.2006;12:30; Unemployment M.M ;U.K.;April;+12,600;+5,000;
17.05.2006;12:30; BoE Minutes 4.05 ;U.K.;-;-;-;
17.05.2006;13:00; Industrial Production M.M; Eurozone;March;0.00%;-0.20%;
17.05.2006;13:00; Industrial Production Y.Y ;Eurozone;March;3.20%;2.80%;
17.05.2006;13:00; HICP (rev.) Y.Y ;Eurozone;April;2.40%;2.40%;
17.05.2006;16:30; CPI M.M;USA;April;0.40%;0.50%;
17.05.2006;16:30; CPI ex. Mortgage and Energy M.M ;USA;April;0.30%;0.20%;
18.05.2006;12:30; Retail Sales M.M ;U.K.;April;0.70%;0.20%;
18.05.2006;12:30; Retail Sales Y.Y;U.K.;April;2.60%;2.60%;
18.05.2006;16:30; Initial Jobless Claims ;USA;8-14.05;324,000;320,000;
18.05.2006;17:30; Fed Chairman Bernanke Speaks ;USA;-;-;-;
18.05.2006;8:00; Leading Economic Indicators M.M ;USA;April;-0.10%;0.10%;
18.05.2006;20:00; Philadelphia Fed Survey ;USA;May;13.2;12;
19.05.2006;1:30; Alan Greenspen Speaks;USA;-;-;-;
19.05.2006;3:50; Gross Domestic Product (GDP) Q.Q ;Japan;1qrt.;1.30%;0.20%;
19.05.2006;8:00; Bank of Japan Meeting ;Japan;-;-;-;
19.05.2006;13:00; Current Account ;Eurozone;March;-4.5Bln;-3.0Bln;

To read the data from the file, it is necessary to connect to it first, i.e., to open it for reading. There is an operator used for this purpose in MQL4:

int FileOpen( string filename, int mode, int delimiter=';')

the parameters of which are: file name, type (a binary FILE_BIN or a line-oriented FILE_CSV with separators), access method (reading FILE_READ or writing FILE_WRITE), and delimiter character between line data. If the file is opened successfully, the identifier will be assigned with a unique value, otherwise the file identifier will be assigned with the value of -1. To refine the error data, one can use the GetLastError() function. The FileName variable is placed in the script heading.

#property show_inputs
extern string FileName = "week.txt";
   int handle;
     Print("File was not found: ", GetLastError());

This is the way in which we connected to the file. The next stage will be reading of all data. We will read lines, then convert them into necessary types. Then we will try to write the filter of events displaying. To do so, we just need to put the variables into the script heading. The variables will show whether the event from this country should be displayed in the price chart.

    string sDate=FileReadString(handle); // Date
    string sTime=FileReadString(handle); // Time
    string sCountry=FileReadString(handle); // Country
    string sPeriod=FileReadString(handle); // Period
    string sDescription=FileReadString(handle); // Description
    string sPrev=FileReadString(handle); // Prev    
    string sForecast=FileReadString(handle); // Expected 
    string sCurrent=FileReadString(handle); // Current value
    FileReadString(handle); // null
      sDate+" "
      ,sTime+" "
      ,sCountry+" "
      ,sPeriod+" "
      ,sDescription+" "
      ,sForecast+" "
      ,sCurrent+" ");
    datetime dt = StrToTime(sDate+" "+sTime);
         color c = Red;
         if (sCountry == "Japan") c = Yellow;
         if (sCountry == "USA") c = Brown;
         if (sCountry == "Germany") c = Green;
         if (sCountry == "Eurozone") c = Blue;
         if (sCountry == "U.K.") c = Orange;
         if (sCountry == "Canada") c = Gray;
         if (sCountry == "Australia") c = DarkViolet;
         if (sCountry == "Sweden") c = FireBrick;
         if (sCountry == "South African Republic")
             c = DodgerBlue;
         if (sCountry == "Denmark") c = RosyBrown;
         if (sCountry == "Norway") c = HotPink;
         if ((sCountry == "Japan") && (!Japan)) continue;
         if ((sCountry == "USA") && (!USA)) continue;
         if ((sCountry == "Germany") && (!Germany)) continue;
         if ((sCountry == "Eurozone") && (!ES)) continue;
         if ((sCountry == "U.K.") && (!GB)) continue;
         if ((sCountry == "Canada") && (!Canada)) continue;
         if ((sCountry == "Australia") && (!Australia)) 
         if ((sCountry == "Sweden") && (!Shweden)) continue;
         if ((sCountry == "South African Republic")&& (!UAR))
         if ((sCountry == "Denmark") && (!Dania)) continue;
         if ((sCountry == "Norway") && (!Norvegia)) continue;
          if (DisplayText)
          ObjectCreate("x"+i, OBJ_TEXT, 0, dt, Close[0]);
          ObjectSet("x"+i, OBJPROP_COLOR, c);
            sDescription + " "
            + sCountry + " "
            + sPeriod + " "
            + sCurrent + " "
            + sForecast,
          ObjectSet("x"+i, OBJPROP_ANGLE, 90);
          ObjectCreate(sCountry+" "+i, OBJ_VLINE, 0, dt,
          ObjectSet(sCountry+" "+i, OBJPROP_COLOR, c);
          ObjectSet(sCountry+" "+i, OBJPROP_STYLE, STYLE_DOT);
          ObjectSet(sCountry+" "+i, OBJPROP_BACK, true);
          ObjectSetText(sCountry+" "+i,
            sDescription + " · "
            + sPeriod + " · "
            + sCurrent + " · "
            + sForecast,

Now, you can always see the forthcoming events and their impact on the market. The ready script code and data files are attached to this article. Please do not forget that scripts should be placed in the Experts/Scripts directory, and data files should be in Experts/Files. The date format (YYYY.MM.DD HH:MM) and delimiters may not be forgotten. The work of the script is illustrated below.

Working with files in MQL4 gives users a multitude of opportunities: both connection of the terminal to external data feeds and simplifying or optimization of work with the trading terminal. Examples are both supporting of logs and possibility to display support/resistance levels getting data directly from WorldWide Web. It means that the user is unrestricted to choose methods of working with files. Automated opening and managing positions should contribute to decreasing of traders' stresses and, in their turn, allow to analyze more factors influencing trading. Actually, this is what MQL4 is intended for.

Below are all MQL4 functions used to work with files. More details can be found in MQL4 documentation.


                                                                                                     Translated from Russian by MetaQuotes Software Corp. 
                                                                                                     Original article: /ru/articles/1382

Translated from Russian by MetaQuotes Software Corp.
Original article:

Attached files |
ReadFromFile.mq4 (3.12 KB)
week.txt (2.22 KB)
week1.txt (1.86 KB)
Last comments | Go to discussion (9)
MQL4 Comments
MQL4 Comments | 17 Oct 2006 at 18:53
Hello, I am trying to use your script for news. I have created 
very short txt file with news events.  It is:
16.10.2006; 3:00am  ;USA; 0       ; 0    ;0 
16.10.2006; 5:30am  ;USA; 0.008 ; 0.005 ;-0.003
16.10.2006; 5:30am  ;USA; 13.8 ; 11 ;22.9
16.10.2006; 10:00am ;USA; 0 ; 0 ;0 
16.10.2006; 10:30am ;USA; 0 ; 0 ;0 
16.10.2006; 12:40pm ;USA; 0 ; 0 ;0
However when, I run the script nothing happens.  
I have a 15 minute chart up for the 
Thanks so much
//|                                                 ReadFromFile.mq4 |
//|                                                       ·•°njel°•· |
//|                                                     iamnotlinked |
#property copyright "·•°njel°•·"
#property link      "iamnotlinked"
#property show_inputs
extern bool DisplayText = true;
extern bool Japan = true;
extern bool USA = true;
extern bool Germany = true;
extern bool ES = true;
extern bool GB = true;
extern bool Canada = true;
extern string FileName = "\\experts\week.txt";
int start()
  Alert("hello");  // *********** this also does not fire off
   int handle;
     /////// ************* neither of these two alerts fires either.
	Alert("File not found, the last error is ", GetLastError());
     Alert("File found ", FileName);
   int i= 0;
    string sDate=FileReadString(handle); // Date
    string sTime=FileReadString(handle); // Time
    string sDescription=FileReadString(handle); // Description
    string sCountry=FileReadString(handle); // Country
    string sPeriod=FileReadString(handle); // Period
    string sCurrent=FileReadString(handle); // Current value
    string sForecast=FileReadString(handle); // Expected
    FileReadString(handle); // null
    datetime dt = StrToTime(sDate+" "+sTime);
         color c = Red;
         if (sCountry == "ßïîíèÿ") c = Yellow;            
         if (sCountry == "ÑØÀ") c = White;         
         if (sCountry == "Ãåðìàíèÿ") c = Green;
         if (sCountry == "ÅÑ") c = Blue;            
         if (sCountry == "Áðèòàíèÿ") c = Orange;
         if (sCountry == "Êàíàäà") c = Gray;
         if ((sCountry == "ßïîíèÿ") && (!Japan)) continue;            
         if ((sCountry == "ÑØÀ") && (!USA)) continue;            
         if ((sCountry == "Ãåðìàíèÿ") && (!Germany)) continue;            
         if ((sCountry == "ÅÑ") && (!ES)) continue;            
         if ((sCountry == "Áðèòàíèÿ") && (!GB)) continue;                      
         if ((sCountry == "Êàíàäà") && (!Canada)) continue;                     
          if (DisplayText)
          ObjectCreate("x"+i, OBJ_TEXT, 0, dt, Close[0]);
          ObjectSet("x"+i, OBJPROP_COLOR, c);          
          ObjectSetText("x"+i, sDescription + " "+ sCountry + " " + 
                        sPeriod + " " + sCurrent + " " + sForecast, 8);          
          ObjectSet("x"+i, OBJPROP_ANGLE, 90);          
          ObjectCreate("y"+i, OBJ_VLINE, 0, dt, Close[0]);
          ObjectSet("y"+i, OBJPROP_COLOR, c);                    
          ObjectSet("y"+i, OBJPROP_STYLE, STYLE_DOT);                    
          ObjectSet("y"+i, OBJPROP_BACK, true);          
          ObjectSetText("y"+i, sDescription + " "+ sCountry + " " + 
                        sPeriod + " " + sCurrent + " " + sForecast, 8);                    
okwh | 7 Dec 2006 at 14:58
Ugly for so vis.

Could you mind to set a * symble as a mark only,
then when one click that * mark, then popup a small window to show details  like tootip ????
Methasit Witayasumpunt
Methasit Witayasumpunt | 19 Mar 2013 at 12:58
Thanks you very much. It's work for me.

Could anyone tell me what's indicator as below picture, I like it !

Thanks you everybody again.

Methasit W. / New programmer & Gold Trader.
MQL4 Comments
MQL4 Comments | 22 Jul 2013 at 23:51
any one got it working ? I put it in scripts folder, it starts but then returns File not found error ! week.txt is in expert/Files/ folder and also expert/, and test folder !
MQL4 Comments
MQL4 Comments | 27 Jul 2013 at 13:37
Ok the readfromfile.mq4 attachement has a mistyping, now works very well, thanks a lot
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