Auto MM
Info
The Auto MM is a Script for MetaTrader 4 that this script calculates the lot size for opening a position based on your risk and stop loss. Input Parameters:- opbuy: Set to true for entry position.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Auto MM
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
What this tool does
This script calculates the lot size for opening a position based on your risk and stop loss.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: automated economic calendar trading advisor - another powerful script for MetaTrader 4 traders.
This script calculates the lot size for opening a position based on your risk and stop loss.Also recommended: automated market order execution script - similar script with strong performance on MetaTrader 4.
Input Parameters:
- opbuy: Set to true for entry position.
- opsell: Set to true for entry position.
- risk: Maximum loss in percentage when the stop loss is hit (default: 10%).
- sl: Stop loss in pips (20 pips for 4-digit brokers, 200 points for 5-digit brokers).
- jumlah_op: Total number of orders to open (default: 2).
- takeprofit: Take profit in pips (20 pips for 4-digit brokers, 200 points for 5-digit brokers).
- closeall: Set to true to close all orders.
- magicnumber: Identification number for orders (default: 333).
Update:
- Autmm v1.mq4 (March 10, 2026): Decimal correction and comment improvements.
You may also like: e-screenshot: automated chart snapshot tool - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_confirm
#property show_inputs
extern bool opbuy=false;
extern bool opsell=false;
extern double risk= 10;
extern double sl=200;
extern int jumlah_op=1;
extern double takeprofit=200;.......
⚠ 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.