Modify Order
Info
The Modify Order is a Script for MetaTrader 4 that to modify/delete/close a position/pending order you should:1) get acquainted with this instruction =)2). Specify default values.
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/close a position/pending order you should:1) Get acquainted with this instruction =)2).
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: Send Pending Order - another powerful script for MetaTrader 4 traders.
To modify/delete/close a position/pending order you should:
1) Get acquainted with this instruction =)
2) !Specify default values!
Also recommended: Modify stop loss or take profit - similar script with strong performance on MetaTrader 4.
(they are below the description, they begin and end with the entry: //+----------------------------------------------+ )3) Allow the import of external experts
Menu "Tools" -> "Options" -> "Expert Advisors" -> "Allow external experts imports" (it is necessary to describe an error that may occur while placing an order)
4) Drag the script to the chart
not far from the order/position that is to be modified.
5) Move all the lines to the necesasry levels:
- Open_Price_Line (white by default) - open price (ONLY FOR THE PENDING ORDERS)
- Stop_Loss_Line (red) - Stop Loss level
- Take_Profit_Line (green) - Take Profit level
- Expiration_Line (yellow) - time of expiration (ONLY FOR THE PENDING ORDERS)
To remove the Stop Loss/Take Profit/Expiration time just delete the corresponding line. To remove the pending order or close the position - delete the Open_Price_Line line.
6) Press the "OK" button when everything is ready.
To stop the script working at any time press the "
Cancel" button.
You may also like: Delete All Pending Orders in a row - 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.