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: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: E-Close by Time: Automated Position and Order Management - similar expert with strong performance on MetaTrader 4.
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
oco_buy_limit : buy limit price
oco_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: exaccount: visualize order activity on chart - excellent alternative for expert users on MetaTrader 4.
Source Code
#property strict
#include <stdlib.mqh>
#include <winuser32.mqh>
string dtbahl()
{
string dt="local time : "+timetostr(localtime(),time_date|time_seconds)+
" [email protected]"+"\n"+
"bid :"+doubletostr(bid,digits)+" ask :"+doubletostr(ask,digits)+
" high :"+doubletostr(high[0],digits)+" low :"+doubletostr(low[0],digits);
return (dt);.......
⚠ 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.