I am new to MQL4. I am currently developing an EA to operate with binary options. After a few months of work and checking the reference and forum I have come to the conclusion that there is no course of action left for me but to ask here if someone can help me solve my issue.
My investment strategies rely on operating with extreme precision on the close of a bar. Ex: if a bars price closes over previous bar close, order a sell. In order for my strategy to work I need to operate almost exactly when the bar closes in broker's server. I have tried three diferent approaches to achieve this:
To sum up. I would need a way to run in perfect sync with server time. I checked that MQL5 has a function for this but saddly I can´t use it due to my broker. Can anyone please help me?
Thanks a lot!
If you want coding help show your attempt.
What precision do you need ? Timer is not working reliably with 5 milliseconds, minimum precision is around 16 ms.
I´ll attach the code version that I am currently testing. It corresponds to the continuos timer solution I referred to in my original question. Don´t worry it´s only a few lines long. My code is pretty simple.
Regarding precission, I would need to test it. Maybe 16 ms is good enough.
Another thing I realized is that my code is throwing "correct orders" when I run it on a 1 minute timeframe. By correct orders I mean that conditions set on my strategy (RSI and BB) are met before ending an order. When I test this same code on other timeframes, I can´t figure out why but EA throws orders when conditions on RSI are not necessarily met.
Please let me know if there is any more information I can provide to help you help me.
Thanks a lot again!
Hi wroeder1, thanks for your reply.
Remember that I am trying to create an EA for binary options. Let's say I'm investing in a 1 minute timeframe. My strategy is to place an order (if certain conditions are met) as soon as the bar closes, in order to compare Close with Close when 60 seconds pass. (or something as close as possible to those values). The issue with maybe 5 seconds of no tick before placing an order is that I would be comparing Close[1+5s] vs Close[0+5s] and there is no way in which I can predict that behaviour to create a reasonable investment strategy.
This is because of two reasons:
I am currently studying different strategies comparing always Close[i] with Close[i-1] obtained from MT4 history.
Thanks for your interest in my issue, if there are any more questions please let me know!
Just trying to revive this post.. Anyone with any cool ideas?