Keyboard Trading Utility for MT4/MT5
Info
The Keyboard Trading Utility for MT4/MT5 is a Library for MetaTrader 4 that keyboard trading utilitythis tool allows for trading using keyboard input, supporting order placement, stop loss setting, take profit setting, and order closure. Order PlacementCommand format: buy: b,lots,price,sl,tp or sell: s,lots,price,sl,tpExample for a buy order:Place a buy order for 0.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Keyboard Trading Utility for MT4/MT5
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
Keyboard Trading UtilityThis tool allows for trading using keyboard input, supporting order placement, stop loss setting, take profit setting, and order closure.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: Time Filter for Trading Positions - another powerful library for MetaTrader 4 traders.
Keyboard Trading UtilityThis tool allows for trading using keyboard input, supporting order placement, stop loss setting, take profit setting, and order closure.
Also recommended: Trading Signals Function Based on OSMA Indicator - similar library with strong performance on MetaTrader 4.
Order Placement
Command format: buy: b,lots,price,sl,tp or sell: s,lots,price,sl,tp
Example for a buy order:
Place a buy order for 0.1 lots of EURUSD at a price of 1.16000, with a stop loss at 1.15500, and a take profit at 1.17000.
The command is: b,0.1,1.16,1.155,1.17x
The final 'x' character executes the command.
If the price is zero or matches the current ask/bid price, the order type will be a standard buy or sell.
If the command starts with 'b' (buy) and the specified price is greater than the ask price, the order type will be a buy stop. If the price is less than the ask price, it will be a buy limit.
If the command starts with 's' (sell) and the specified price is greater than the bid price, the order type will be a sell limit. If the price is less than the bid price, it will be a sell stop.
Order Modification
Modification is supported only for setting stop loss and take profit.
Command format for stop loss: sl,ticket,sl_price
Command format for take profit: tp,ticket,tp_price
Example for modifying an order:
Suppose there is an open EURUSD buy order with ticket number 123456789, and the current stop loss is 1.1550.
To set the stop loss to 1.1580, the command is: sl,123456789,1.1580x
The final 'x' character executes the command.
Order Closure or Deletion
Command format: c,ticket
Example for closing an order:
To close an order with ticket number 123456789, the command is: c,123456789x
The final 'x' character executes the command.
Other Commands
Use a comma (,) to separate command elements.
Pressing the 'esc' key or typing 'zz' will clear the current command input.
The character 'x' is used to execute the entered command.
You may also like: Trading Signals Function Based on CCI Indicator - excellent alternative for library users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
#include <keyboardtrade.mqh>;
int oninit()
{
return(init_succeeded);
}.......
⚠ 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.