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OnTimer

The function is called in EAs during the Timer event generated by the terminal at fixed time intervals.

Return Value

No return value

Note

The Timer event is periodically generated by the client terminal for an EA, which activated the timer using the EventSetTimer() function. Usually, this function is called in the OnInit() function. When the EA stops working, the timer should be eliminated using EventKillTimer(), which is usually called in the OnDeinit() function.

Each Expert Advisor and each indicator work with its own timer receiving events solely from this timer. During mql5 application shutdown, the timer is forcibly destroyed in case it has been created but has not been disabled by EventKillTimer() function.

If you need to receive timer events more frequently than once per second, use EventSetMillisecondTimer() for creating a high-resolution timer.

In general, when the timer period is reduced, the testing time is increased, as the handler of timer events is called more often. When working in real-time mode, timer events are generated no more than 1 time in 10-16 milliseconds due to hardware limitations.

Only one timer can be launched for each program. Each mql5 application and chart have their own queue of events where all newly arrived events are placed. If the queue already contains Timer event or this event is in the processing stage, then the new Timer event is not added to mql5 application queue.

Sample EA with the OnTimer() handler

ZylTimer is a high resolution, long-term Delphi / C++Builder timer program which provides better precision than the standard Delphi / C++ Builder TTimer component.

TTimer component which ships with Delphi / C++Builder uses the Windows Message Queue to generate the OnTimer event. Due to this approach it’s impossible to get accurate timer intervals smaller than 50 milliseconds.

ZylTimer is a thread based timer and due to this architecture provides a real precision of 1 millisecond which is inevitable in time critical applications. The OnTimer event is always fired in time which is not available for the standard TTimer, when there are too many messages processed.

The standard TTimer component uses the SetTimer API function, so the interval is limited to 2147483647 milliseconds (about 25 days). ZylTimer is a thread based timer and the interval could be set even to hundred years if necessary.