How to open trade at midnight? | Forex Factory

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How to open trade at midnight?

  • #1
  • First Post: Jan 14, 2007 10:21am Jan 14, 2007 10:21am
Hi, can someone tell me how to make an EA that open a trade everyday at midnight on my local computer time?
The idea is to be in the market at the start of a new day.

I am not very familiar with the programming language, although I have been learning it little by little, so please forgive me if the question is too simple .

Thanks a lot.
  • #2
  • Jan 17, 2007 2:32am Jan 17, 2007 2:32am
Continuing my previous post, I have made an EA with the following lines.

datetime DDate=D'' //equals to 00:00:00 each day

if (TimeLocal() == DDate)
{
if (OrdersTotal() == 0)
{
OrderSend(Symbol(),OP_BUY,Lots,Ask,2,SL,TP,"Long Position",Magic,0,Green);
{
return (0);
}
}
}

It is supposed to open a buy position at midnight everyday, however it does not open any trades at all eventhough I get no error message while compiling it.

Any MT4 guru out there who knows what is wrong with it?

Please help.
  • #3
  • Jan 17, 2007 10:36pm Jan 17, 2007 10:36pm
  •  tesla
  • | Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
First, the way you've got it set up, if there isn't a tick at the midnight hour and minute, no trade is entered.

Here's how I'd do it, I don't have MetaEditor open to check my code, so be aware there could be errors.

PHP Code
// Specifies what hour a new day starts on
extern int DayStartHour = 0;

// Timestamp of the last day start
// This var prevents multiple orders on same day
datetime  dtDayStart = 0;

int start() {

    // Check to see if it's a new day
    // It's a new day if this bar's hour is DayStartHour
    // and previous bar's hour is NOT DayStartHour
    // and dtDayStart is less than the start of today
    // Note:  This logic works on hour charts or shorter
    // If so, enter a trade
    if (TimeHour(Time[0]) == DayStartHour 
            && TimeHour(Time[1]) != DayStartHour 
            && dtDayStart < Time[0]) {

        // It's a new day, update dtDayStart variable
        dtDayStart = Time[0];

        // Enter the trade
        // ==>  Your Logic Here <==

    }  // end of if statement

} // end of start function
  • #4
  • Jan 18, 2007 1:15am Jan 18, 2007 1:15am
Hi Tesla,

Thanks a lot.

Yes, I understand the logic in your post, but the funny thing it doesn't generate any trade when I backtest it using Open Prices method.

Still, I'll try it on forward testing, see how it results. Will give updates later on.

cheers...

(this programming thingy is very very tricky...)
  • #5
  • Last Post: Feb 12, 2007 9:13am Feb 12, 2007 9:13am
Quoting tesla
First, the way you've got it set up, if there isn't a tick at the midnight hour and minute, no trade is entered.

Here's how I'd do it, I don't have MetaEditor open to check my code, so be aware there could be errors.

PHP Code
// Specifies what hour a new day starts on
extern int DayStartHour = 0;
 
// Timestamp of the last day start
// This var prevents multiple orders on same day
datetime  dtDayStart = 0;
 
int start() {
 
    // Check to see if it's a new day
    // It's a new day if this bar's hour is DayStartHour
    // and previous bar's hour is NOT DayStartHour
    // and dtDayStart is less than the start of today
    // Note:  This logic works on hour charts or shorter
    // If so, enter a trade
    if (TimeHour(Time[0]) == DayStartHour 
            && TimeHour(Time[1]) != DayStartHour 
            && dtDayStart < Time[0]) {
 
        // It's a new day, update dtDayStart variable
        dtDayStart = Time[0];
 
        // Enter the trade
        // ==>  Your Logic Here <==
 
    }  // end of if statement
 
} // end of start function

Many thanks for this code Tesla . This will help me out a lot in my EA!
Liberate me ex inferis
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