SignalX Hourly Range Stats
- Utilità
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Ahmed Ismail Muhammad Ismail Al Talhat
SignalX — Algorithmic Trading Systems | MQL4 · MQL5 · MetaTrader 4 & 5
I build trading software I can defend line by line: Expert Advisors, indicators and utilities for MT4 and MT5 — each with hard risk controls, documented inputs, and no hidden grid or martingale.
◆ WHAT I BUILD - Versione: 1.0
- Attivazioni: 5
What this is
Not every hour of the trading day moves the same amount, and the difference matters: a breakout at a dead hour is far more likely to fail than the same setup during the session when the symbol actually travels. This indicator averages the high-low range of each hour of the server day over a number of days and shows all twenty-four hours as a ranked table.
What it does
Averages the high-low range of every hour of the server day over N days and ranks all 24 hours with a bar and a percentage of the busiest hour.
- Answers 'which hours actually move on this symbol' from the chart's own history, with no assumptions about sessions.
- Runs on a single chart; it does not need to be the chart you trade from.
- No DLL calls. No external services. No network requests.
- No account, terminal, symbol or time limitation is embedded.
Inputs
| Input | Type | Default |
|---|---|---|
| InpDays | int | 20 |
| InpX | int | 12 |
| InpY | int | 24 |
| InpFontSize | int | 9 |
| InpRanked | bool | true |
| InpMinBars | int | 5 |
| InpBusyColor | color | clrTomato |
| InpQuietColor | color | C'70,80,96' |
How to use it
- Attach the EA to a chart of the symbol you trade.
- Set the inputs to match your own risk approach. Defaults are deliberately conservative.
- Allow live trading in the Expert Advisors settings for this EA.
- Test on a demo account first. That is not a formality; the defaults are not tuned to your broker.
Notes
- Written for MetaTrader 4, any broker, any account currency. Sizing maths uses the symbol's own tick value.
- Works alongside other EAs, including with a magic number you choose, so it will not fight them for orders it does not own.
- It performs management and measurement only; it does not generate trading signals.
Honest limits
- This is a tool, not a strategy. It does not predict anything and it cannot make a losing method profitable.
- No performance figures are published for it because tools of this kind do not have a meaningful backtest curve of their own.
- If your broker quotes oddly (very wide spreads, non-standard tick values) verify the sizing on a demo account before using real funds.
Trading involves risk of loss. Nothing here is financial advice.
