Open Market Orders Script
Info
The Open Market Orders Script is a Script for MetaTrader 4 that open market orders scriptdescription:this script opens a specified number of market orders at the current price. It sets stop-loss levels for all orders at a consistent distance and assigns take-profit levels that increase incrementally with each subsequent order.
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 Market Orders Script
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
Open Market Orders ScriptDescription:This script opens a specified number of market orders at the current price.
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: automated market order execution script - another powerful script for MetaTrader 4 traders.
Open Market Orders ScriptDescription:
This script opens a specified number of market orders at the current price. It sets stop-loss levels for all orders at a consistent distance and assigns take-profit levels that increase incrementally with each subsequent order.
Also recommended: In/Out Strategy: Profitable Trading on Session Open - similar script with strong performance on MetaTrader 4.
For example, if 10 orders are opened with a lot size of 0.01, all will have a stop-loss of 10 points. The take-profit levels will be 10, 20, 30, and so on, up to the tenth order.
Parameters:
Order Type: Specifies the order type (0 for Buy, 1 for Sell).
Number of Orders: The total quantity of orders to be opened.
Stop Loss: The stop-loss level in points. If set to 0, stop-loss will not be applied.
Take Profit: The initial take-profit level in points. If set to 0, take-profit will not be applied.
Take Profit Step: The incremental step for subsequent take-profit levels.
Lot Size: The volume for each order.
Slippage: The maximum acceptable price deviation for market orders.
Magic Number: A unique identifier for the orders.
Last updated: 2026
You may also like: account and market information scripts - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs
#property version "1.00"
#property strict
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
input int type = op_buy; //тип ордера 0 - buy; 1 - sell.......
⚠ 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.