Market Order instead of Pending Order - How to set up a timer?

[freeka]

Hi all

I am a newcomer to MQL although I have been coding for 10+ years.

My question might have already been asked and for that I apologize but I can't appear to find it in a search. The problem is as follows:

I want upon close of a candle (say 1HR) to enter a pending BUYLIMIT order. However, 50% of these fail because the entry price is too close to the close price of the candle.

Hence, the only way to do this is to wrap a market order within an IF statement. My thoughts are to say:

During the course of the next hour

if the entry price is reached at any point then execute immediately a market order.

else cancel looking for it after the hour is up

Could someone help me in the direction of how I would code this? I want the order to be executed once only. Hence, if the entryprice is hit more than once then no further orders are executed.

Thanks in advance for your help.

Adi

[Ubzen]

Well something like this. Not compiled or tested.

double Price=99999;

int TimeStamp;

Start(){

          if(Price>99998 && TimeStamp != Time[0]){
                   Price=Algorithm_Set_NewPrice(); //--- In this case 1.2345

          }

          if(TimeStamp != Time[0] && Price<99999 && Ask>=Price){

                   if( OrderSend(.........) > 0 ){

                           TimeStamp=Time[0]; Price=99999;

                   } 

          } 

Return(0);}

[freeka]

ubzen:

Well something like this. Not compiled or tested.

Thank you for your swift response. I shall give it a whirl now.