multiple order stop limit
Info
The multiple order stop limit is a Script for MetaTrader 4 that description:this script facilitates the creation of multiple pending orders, including buy stop and sell stop, with the flexibility to set the desired number of orders, such as 10 or 20. each order can be customized with target and stop-loss parameters.
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 multiple order stop limit
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
description:this script facilitates the creation of multiple pending orders, including buy stop and sell stop, with the flexibility to set the desired number of orders, such as 10 or 20.
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.
description:this script facilitates the creation of multiple pending orders, including buy stop and sell stop, with the flexibility to set the desired number of orders, such as 10 or 20. each order can be customized with target and stop-loss parameters.
Also recommended: script to close all orders - similar script with strong performance on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "2.00"
#property strict
#property show_inputs
enum ENUM_ORDER_STRATEGY
{
STRATEGY_STOP = 0, // Stop Orders (BuyStop & SellStop)
STRATEGY_LIMIT = 1, // Limit Orders (BuyLimit & SellLimit)
STRATEGY_BOTH = 2 // Both Stop & Limit Orders.......
⚠ 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.