e-skoch otlog order
Info
The e-skoch otlog order is a Script for MetaTrader 4 that this trading advisor operates based on the cyclical nature of price changes. it closes all positions on the traded pair (without affecting positions on other pairs) based on a percentage of the funds.
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 e-skoch otlog order
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 trading advisor operates based on the cyclical nature of price changes.
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: swap hunting - another powerful script for MetaTrader 4 traders.
this trading advisor operates based on the cyclical nature of price changes. it closes all positions on the traded pair (without affecting positions on other pairs) based on a percentage of the funds. in other words, positions are closed when the percentage is higher than the deposit at the time the advisor is applied to the chart.Also recommended: global close orders management - similar script with strong performance on MetaTrader 4.
the advisor can trade multiple currency pairs simultaneously, but it only closes positions for the pair on which it was launched and when the specified percentage in the settings is reached. this percentage-based closure is a unique feature. when the advisor closes positions, it indicates a positive balance. information is displayed in the top left corner. the recommended pair is eurusd with an h1 period.
the initial settings of the advisor are provided as a starting point, and users are advised to customize them accordingly.
parameters:
- lot = 0.01;
- takeprofit_buy = 600;
- stoploss_buy = 100;
- slippage = 300; // slippage adjustment
- takeprofit_sell = 600;
- stoploss_sell = 30;
- key = 0;
- pointbuy = 700; // price deviation from high
- pointsell = 700; // price deviation from low
- checktrade = true; // do not place a stop order if a trade is already open
You may also like: sequentially close all trades in mt4 - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#include <winuser32.mqh>
extern double lot = 0.01;
extern int _takeprofit_buy = 600;
extern int _stoploss_buy = 100;
extern int _slippage = 30;//
extern int _takeprofit_sell = 600;
extern int _stoploss_sell = 30;
extern int key = 0;.......
⚠ 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.