Checking If Market Opened or Closed - Mql4
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
The MarketInfofunction is the old MQL4 function. Have you considered looking at the newer MQL4+ functions which are also equivalent to the MQL5 functions?
For example ...
Forum on trading, automated trading systems and testing trading strategies
How to recall stop trading time
Fernando Carreiro, 2023.04.15 21:51
At first I thought it was only possible in MQL5, but after checking MQL4 documentation, it seems it is also possible in MQL4+.
Use SymbolInfoSessionTrade ...
Allows receiving time of beginning and end of the specified quoting sessions for a specified symbol and day of week.
Allows receiving time of beginning and end of the specified trading sessions for a specified symbol and day of week.
And here some equivalent information for MQL5, which also works for MQL4+ ...
Forum on trading, automated trading systems and testing trading strategies
`IsTradeAllowed()`: undeclared identifier.
Fernando Carreiro, 2023.02.25 19:14
Please read up on ...
Allows receiving time of beginning and end of the specified quoting sessions for a specified symbol and day of week.
Allows receiving time of beginning and end of the specified trading sessions for a specified symbol and day of week.
And also see the following as well:
bool bAccountTradeAllowed = AccountInfoInteger( ACCOUNT_TRADE_ALLOWED ), bAutomatedTradeAllowed = AccountInfoInteger( ACCOUNT_TRADE_EXPERT ), bTerminalTradeAllowed = TerminalInfoInteger( TERMINAL_TRADE_ALLOWED ), bProgramTradeAllowed = MQLInfoInteger( MQL_TRADE_ALLOWED );
The MarketInfofunction is the old MQL4 function. Have you considered looking at the newer MQL4+ functions which are also equivalent to the MQL5 functions?
For example ...
I looked at this function, there may be many similarities to MarketInfo.
Which depends on the data the broker has recorded under the symbol specifications. Not all brokers do so though.
However, I noticed that it requires something called session_index, what is that?
bool SymbolInfoSessionQuote( string name, // symbol name ENUM_DAY_OF_WEEK day_of_week, // day of the week uint session_index, // session index datetime& from, // time of the session beginning datetime& to // time of the session end );
It is so you can access the start and end time of each session of that week day. There can be multiple sessions per day.
As per the documentation ...
uint
[in] Ordinal number of a session, whose beginning and end time we want to receive. Indexing of sessions starts with 0.
You loop, with a starting session index of 0, and increment the session index until the function returns false.
That will allow you to collect the information of each session for that week day.
It is so you can access the start and end time of each session of that week day. There can be multiple sessions per day.
As per the documentation ...
uint
[in] Ordinal number of a session, whose beginning and end time we want to receive. Indexing of sessions starts with 0.
You loop, with a starting session index of 0, and increment the session index until the function returns false.
That will allow you to collect the information of each session for that week day.
I understand the logic but how can I tell the difference if that "false" is generated due to no trading or due to no such session at all?
I was thinking of sending test orders to the market and see if any ticket is returned, what do you think about this approach?
No, the boolean (true/false) return value of the functions SymbolInfoSessionQuote and SymbolInfoSessionTrade, is not about if trading is allowed or not.
It is about whether information for the session was retrieved or not. Please read the documentation ...
Return Value
If data for the specified session, symbol and day of the week are received, returns true, otherwise returns false.
You would then use the session time to decide on whether trading is allowed or not.
Also remember to check the other trading status functions I mentioned.
Personally, I don't think that is ideal, when there are already several ways of verifying the condition.
That should be reserved for when you have decided to place the order and then check if it was successful or not.
if(!TerminalInfoInteger(TERMINAL_TRADE_ALLOWED) || !MQLInfoInteger(MQL_TRADE_ALLOWED)) return(0);
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Hello everyone,
For the past few days I've been looking for a reliant solution for this issue as many of the solutions I found online have many drawbacks.
Market Open or Close - how can I find it? - Day Trading Strategies - MQL4 and MetaTrader 4 - MQL4 programming forum (mql5.com)
First of all, I look at the solutions provided in the link above. Some of are the following:
1. Using Market Info TRADEALLOWED:
MarketInfo(Symbol(), MODE_TRADEALLOWED);The thing with this method that it is broker dependent, and I believe it reads from the times mentioned in the symbol specification in MT4.
So, there were times when the market was supposed to be opened as per the listed times, but for some unknown reason, the market was shut down at that time.
At these times calling MODE_TRADEALLOWED will result in 1 (true) value, which is misleading.
2. Computing the difference between TimeLocal() and TimeCurrent()
The issue here is that TimeCurrent() is not related to a given simple rather to all the symbols in the Market Watch list. For example, on weekends, and if a broker provides 24/7 Crypto trading, this method will be updated almost instantly.
However, if you call this method on EURUSD for example, it will return a misleading result, since the time returned is not for EURUSD, rather for BTCUSD (24h/7d trading) for instance.
3. Sending a stop order to the market and seeing if it gets executed or not.
This solution is the closest one to solve this problem, however, calling OrderSend 10 times a seconds will result in a big load on the broker server, which I suspect that any broker will allow it.
Any ideas?
Thanks!