Auto MM
Info
The Auto MM is a Script for MetaTrader 4 that this script will help you calculate your lot to open position. You just need to enter Risk and StopLoss.
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 will help you calculate your lot to open position.
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: XI T Buy Sell Auto Stoploss. mq4 - Stoploss set from Fractal Levels, Money management Risk/Reward - another powerful script for MetaTrader 4 traders.
Also recommended: How to Disable/Enable Auto/Algo-Trading in both MT5 and MT4 - similar script with strong performance on MetaTrader 4.
This script will help you calculate your lot to open position. You just need to enter Risk and StopLoss.Input parameters:
OPBUY=False — set true for entry position
OPSELL=False — set true for entry position
Risk=10 — in percent, your maximum loss when hit Stop Loss
SL=20 — it means 20 pips (4 digits) and 200 point (5 digits)
Jumlah_OP=2 — total orders, you can make multiple open positions
TakeProfit=20 — it means 20 pips (4 digits) and 200 point (5 digits)
CloseALL=False — true when you want to close all orders
MagicNumber=333 — orders identification number
Update:
- AutMM V1.mq4 (March 10, 2016)
decimal correction
comment info
You may also like: Open a Trade Script - excellent alternative for script 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.