opening positions
Info
The opening positions is a Script for MetaTrader 4 that when opening a position the scripts automatically set the lot size (three options: fixed lot and two options as described here ). at the same time the scripts try to select a stop loss and (equal) take profit.
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 opening positions
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
when opening a position the scripts automatically set the lot size (three options: fixed lot and two options as described here ).
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: cm insurer: strategy for managing losing positions - another powerful script for MetaTrader 4 traders.
when opening a position the scripts automatically set the lot size (three options: fixed lot and two options as described here ).
Also recommended: close loss positions by deposit currency amount - similar script with strong performance on MetaTrader 4.
at the same time the scripts try to select a stop loss and (equal) take profit. those are set as safety measure, they will probably need to be modified after a position is opened.if necessary, it is possible to set saving the chart screenshot at the moment the position is opened, so that it is possible to review the actions later, not the history when everything is clear, but the situation at the time the position was opened, in order to try to remember "why did i do that".
You may also like: close all positions by total profit or loss - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property show_inputs //
extern int aggression = 1; // = 0 -
extern double fixlot = 0.1;
extern int distslmin = 35; // stoploss - .
extern int nbarsmax = 15; // ,
extern int slippage = 7; //
extern bool stoploss = true; // stoploss
extern bool takeprofit = true; // takeprofit=stoploss.......
⚠ 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.