open bu y
Info
The open bu y is a Script for MetaTrader 4 that set the interest (from 0 to 100) - percentage of free margin allocated for opening a position. this determines the minimum lot allowed for trading, and the position is opened using a multiple of that value.
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 open bu y
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
set the interest (from 0 to 100) - percentage of free margin allocated for opening a position.
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: In/Out Strategy: Profitable Trading on Session Open - another powerful script for MetaTrader 4 traders.
set theinterest
Also recommended: Open Market Orders Script - similar script with strong performance on MetaTrader 4.
(from 0 to 100) - percentage of free margin allocated for opening a position. this determines the minimum lot allowed for trading, and the position is opened using a multiple of that value. wheninterest
=0, the position will be opened with the minimum lot. attention! currently the script correctly calculates the values only for the «correct» currency pairs of ***usd and usd*** (eurusd, gbpusd, usdchf,...). for other pairs the calculation is performed «strictly by eye», however, just like in virtually all other scripts, indicators, experts…
You may also like: calculate required margin for opening a position - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs //
extern int interest = 100; // freemargin :
extern int distsl = 35; // sl
extern int disttp = 35; // tp
extern int slippage = 5; //
extern bool stoploss = true; //
extern bool takeprofit = true; //
void start() .......
⚠ 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.