Limit orders Pro
Info
The Limit orders Pro is a Script for MetaTrader 4 that this script provides quick work with a large number of pending orders in the market and contains functions for placing, changing, and deleting of orders within the your price range. The capabilityThe script abilities:It is able to place a group of pending orders of a required type within from an initial price to a final price with a certain step of points, distributing them evenly over the range, so you don’t need to monitor where your orders will be above or below than the current price.
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 Limit orders Pro
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 provides quick work with a large number of pending orders in the market and contains functions for placing, changing, and deleting of orders within the your price range.
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: Delete All Pending Orders in a row - another powerful script for MetaTrader 4 traders.
This script provides quick work with a large number of pending orders in the market and contains functions for placing, changing, and deleting of orders within the your price range.
Also recommended: Close Pending Orders. mq4 - similar script with strong performance on MetaTrader 4.
The capabilityThe script abilities:It is able to place a group of pending orders of a required type within from an initial price to a final price with a certain step of points, distributing them evenly over the range, so you don’t need to monitor where your orders will be above or below than the current price.
It is able to modify Take Profit and/or Stop Loss for all pending orders at once.
It can at one time delete all not triggered orders, as well as provides the option to close or not to close already triggered orders.Settings
Type of transaction
- The type of a required action.
Buy -
To place orders of Buy.
Sell -
To place orders of Sell.
Modify –
To modify Take Profit and Stop Loss.
Delete –
To close pending orders.
Lot –
The lot size for opening pending orders.
Price from –
The starting price within your price range.
Price up to -
The final price within your price range.
TakeProfit -
Take Profit (in points) for orders.
StopLoss –
Stop Loss (in points) for orders.
Step –
The step (in points), a distance between orders.
Delete active orders –
To delete or not to delete activated orders. If it equals “true” then when pending orders are deleted activated orders will be deleted too. If it equals “false” then activated orders are saved.
Magic Number -
Magic number for positions.
Slippage –
The slippage for opening and closing positions.
If you need additional functionality, please contact me.
You may also like: Close All Open Orders - 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.