send pending order
Info
The send pending order is a Script for MetaTrader 4 that to place a pending order, follow these steps:1. familiarize yourself with the instructions.
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 send pending order
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 a pending order, follow these steps:1.
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: script for deleting pending orders by time - another powerful script for MetaTrader 4 traders.
to place a pending order, follow these steps:Also recommended: Delete All Pending Orders in a Row - similar script with strong performance on MetaTrader 4.
1. familiarize yourself with the instructions.2. specify default values. these are located below the description, marked with //+----------------------------------------------+.
3. enable external expert imports: go to 'tools' -> 'options' -> 'expert advisors' and check 'allow external experts imports'. this step is crucial to avoid potential errors during order placement.
4. drag the script to the chart, positioning it at the desired future opening price (openprice). you can adjust this during installation, but for convenience, aim for the correct spot initially.
5. adjust the lines to the required levels:
- open_price_line (default white) - open price (mandatory)
- stop_loss_line (red) - stop loss level (mandatory)
- take_profit_line (green) - take profit level (optional)
- expiration_line (yellow) - expiration time (optional; can be deleted)
- """" - position size (0.1 to 10 lots). place this marker against the desired value.
choose the order type based on open_price and stop_loss line positions:
- open_price > bid and open_price > stop_loss: buystop-order
- open_price > bid and open_price < stop_loss: selllimit-order
- open_price < ask and open_price > stop_loss: buylimit-order
- open_price < ask and open_price < stop_loss: sellstop-order
6. once everything is set, click 'ok'.
to cancel the script at any time, press the 'cancel' button.
You may also like: Close Pending Orders MT4 Script - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
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⚠ 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.