In this article, I'll explain how to create a standard and simple Expert Advisor (EA) or forex robot by applying Buy or Sell signals from the FiboPivotCandleBar indicator for MetaTrader 4.

First, let me explain that the FiboPivotCandleBar indicator for MetaTrader 4 is an indicator I created and have been sharing for free in the MQL5 Library since 2015. However, I have never applied the signals inan Expert Advisor or forex robot until now. This article won't delve into the Fibonacci and Pivot Point strategies, as they require a dedicated and lengthy discussion.

To create this Expert Advisor, I used the latest Event Handling Functions from MQL4 and several key properties and attributes that adhere to good MQL4 programming standards.

MT5 Indicator Program Explanation and Function

Overview:

The TimeBarCloseCheck MT5 Indicator is designed to detect the bar close time and the close price in the MetaTrader 5 trading platform. This program assists traders by providing accurate timing and pricing information, which is essential for making informed trading decisions.

Functions:

1. Bar Close Time Detection:

The indicator precisely identifies when a trading bar (or candlestick) closes. This is crucial for traders who rely on closing prices to determine market trends and make trading decisions.