modify order
Info
The modify order is a Script for MetaTrader 4 that to modify, delete, or close a position or pending order, follow these steps:- read the instructions carefully. - specify default values (found below the description, marked with //+----------------------------------------------+).
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 modify 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
to modify, delete, or close a position or pending order, follow these steps:- read the instructions carefully.
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: order information indicator - another powerful script for MetaTrader 4 traders.
to modify, delete, or close a position or pending order, follow these steps:- read the instructions carefully.
Also recommended: script to close all orders - similar script with strong performance on MetaTrader 4.
- specify default values (found below the description, marked with //+----------------------------------------------+).- enable external expert imports: go to 'tools' -> 'options' -> 'expert advisors' and enable 'allow external experts imports'. this is essential to avoid errors when placing orders.
- drag the script onto the chart near the order/position you want to modify.
- adjust the lines to the required levels:
- open_price_line (white) - open price (for pending orders only)
- stop_loss_line (red) - stop loss level
- take_profit_line (green) - take profit level
- expiration_line (yellow) - expiration time (for pending orders only)
to remove stop loss, take profit, or expiration, delete the respective line. to remove a pending order or close a position, delete the open_price_line.
- click 'ok' when ready.
- to stop the script at any time, click 'cancel'.
You may also like: automated market order execution script - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
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⚠ 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.