OC O Order on Meta Trader4 Platform , MT4 (One cancels the other)
Info
The OC O Order on Meta Trader4 Platform , MT4 (One cancels the other) is a Expert Advisor for MetaTrader 4 that description:places one-cancels-the-other order (oco order), one pip limit order and one pip stop order on metatrader 4 (mt4) platform. Global Variables : Press function key F3" ChangeOCO_BUY_LIMIT : Buy Limit PriceOCO_BUY_STOP : Buy Stop PriceOCO_SELL_LIMIT : Sell Limit PriceOCO_SELL_STOP : Sell Stop PriceOCO_confirmation : After input Buy Limit PriceBuy Stop Price, Sell Limit Priceor Sell Stop PriceInput OCO_confirmation = "1" (turn on this EA)OCO_oCO : if OCO_oCO = "1", One Canel OthersOCO_sL_Pips : Stop Loss PipsOCO_tP_Pips : Take Profit Pips.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use OC O Order on Meta Trader4 Platform , MT4 (One cancels the other)
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Description:Places One-Cancels-the-Other Order (OCO Order), One pip Limit Order and One Pip Stop Order on MetaTrader 4 (MT4) platform.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Bad Orders - another powerful expert for MetaTrader 4 traders.
Description:
Places One-Cancels-the-Other Order (OCO Order), One pip Limit Order and One Pip Stop Order on MetaTrader 4 (MT4) platform.
Global Variables : Press function key F3" Change
Also recommended: Order Manager - similar expert with strong performance on MetaTrader 4.
OCO_BUY_LIMIT : Buy Limit PriceOCO_BUY_STOP : Buy Stop Price
OCO_SELL_LIMIT : Sell Limit Price
OCO_SELL_STOP : Sell Stop Price
OCO_confirmation : After input Buy Limit Price
Buy Stop Price, Sell Limit Price
or Sell Stop Price
Input OCO_confirmation = "1" (turn on this EA)
OCO_oCO : if OCO_oCO = "1", One Canel Others
OCO_sL_Pips : Stop Loss Pips
OCO_tP_Pips : Take Profit Pips
You may also like: Place OC O Order, One pip Limit Order and One Pip Stop Order - excellent alternative for expert users on MetaTrader 4.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.