BarTimer - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The current time position relative to the start and end of the current bar is displayed in the main window. It also displays the elapsed time value as a percentage from the start of the bar chart.
This indicator is useful for monitoring the moments when trading decisions are made.
For example, I open a position no more than 20% from the start of the candle and/or 80% after that. In the first case, the previous candle is considered, in the second case, the current candle is considered. At larger intervals, I think it is necessary to adhere to tighter limits.
Attachment download
📎BarTimer.mq4 (2.53 KB)
Source: MQL5 #8493
BarTimer - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
BarTimer - MetaTrader 4 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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