scripts for placing stop and limit orders
Info
The scripts for placing stop and limit orders is a Script for MetaTrader 4 that to place an order, simply drag the script onto the desired level on the chart. all order parameters are calculated based on the chart's timeframe.
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 scripts for placing stop and limit orders
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 place an order, simply drag the script onto the desired level on the chart.
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: account and market information scripts - another powerful script for MetaTrader 4 traders.
to place an order, simply drag the script onto the desired level on the chart.Also recommended: id t trading scripts for metatrader 4/5 - similar script with strong performance on MetaTrader 4.
all order parameters are calculated based on the chart's timeframe.automated trading must be enabled for the scripts to function.
order placement
the script allows for the placement of stop and limit orders directly from the chart.
parameters are automatically determined by the current chart timeframe.
ensure that automated trading is enabled in your metatrader settings before using the script.
You may also like: Automated Trade Execution Scripts with Chart Snapshots - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property script_show_inputs
input int Ident=123; //Идентификатор ордера
input string coment=""; //Комментарий
input int PrSk=3; //Проскальзывание
input int nbars=100; //N бар для определения StopLoss
input double mTp=2.0; //Множитель для TakeProfit.......
⚠ 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.