What is SymbolInfoSessionTrade?
SymbolInfoSessionTrade is an MQL5 function which is used to retrieve trading session data for a specified symbol and day of week. Using this function, it is possible to get the exact beginning and end times for each trading session for the symbol. This is especially useful for Expert Advisors (EAs) that rely on the start and end times of sessions to dictate their trading logic. By having access to this data, an EA is able to avoid attempting to place trades that may be otherwise invalid due to a session boundary.
What Are the Benefits of Using SymbolInfoSessionTrade?
Using SymbolInfoSessionTrade provides traders with the assurance that their EAs won’t attempt to execute any trades outside of a valid session time. The benefit to this is that it eliminates the risk of an EA getting caught in a trade because of an incorrect assumption about the beginning and end times of a given session. In addition, this type of data can be used to ensure that EAs remain within the guidelines of brokers that have specific trading hours and days.
What Are the Limitations of Using SymbolInfoSessionTrade?
The main limitation of using SymbolInfoSessionTrade is that it only applies to sessions for a single symbol. Therefore, it is not always possible to track the exact trading times for a specific asset class. Additionally, as trading times for different sessions can change from day to day, it is advisable to manually check the begin and end times on a frequent basis. Lastly, it should be noted that SymbolInfoSessionTrade is only supported on Forex symbols, and is not applicable to other asset classes.
In conclusion, SymbolInfoSessionTrade is a powerful MQL5 function which is capable of receiving the exact begin and end times of trading sessions for a specified symbol and day of week. With this data, traders can ensure that their EAs stay within the limitations of trading hours and days as dictated by their broker. Although this function is limited to Forex symbols, the benefits that it provides may be too hard to overlook for those who rely on EAs for their trading decisions.
What is MQL5 SymbolInfoSessionTrade?
MQL5 SymbolInfoSessionTrade is a library of the MetaTrader 5 trading platform that provides access to global trading information about the price movements for a particular symbol. It helps users create complicated Expert Advisors and customize their trading strategies with entirely new approaches. Moreover, it gathers not just the general characteristics of any symbol, but also the current trading conditions for each symbol and the trading sessions within each week.
Types of Trading Sessions
The SymbolInfoSessionTrade library allows users to check the current state of the market and the different types of trading sessions. This library displays information about regular, extended, overnight, alone, mixed, and continuous trading sessions. These sessions will depend on the app chosen by the user. By understanding detailed information about the types of trading sessions, users will be able to better understand the forces at work during the current market situation.
SymbolInfoSessionTrade Trading Table
Using the SymbolInfoSessionTrade library allows users to create a weekly trading session table to get an overview of a symbol’s price change. The table may include information such as the Start/End times, Trading Volumes, Tick Sizes, Max/Min Prices, Margins and Initialization Parameters apart from the general and current trading conditions. Such a table is very helpful for traders to analyze the behavior of any symbol at a glance and plan their trading strategies accordingly.
Conclusion
MQL5 SymbolInfoSessionTrade is an important library of the MetaTrader 5 platform that allows users to access detailed global trading information about any symbol and optimize their trading strategies accordingly. It also allows them to create a weekly trading session table with Start/End times, Trading Volumes, Tick Sizes, Max/Min Prices, Margins and Initialization Parameters which they can use to analyze the market situation before taking a trading decision. With the right use of SymbolInfoSessionTrade, traders can achieve their maximum profit potential from the global forex market.
