Type Pending Order Triggered
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Type Pending Order Triggered
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The Expert Advisor shows an example of how to solve the following problem: How to determine the moment when a pending order has triggered?
How the expert advisor works: in the () function, we wait for a transaction of type "":
Once we "catch" such a transaction, we immediately use the "bln_find_order" flag to search for an order and assign the order ticket to the "ul_find_order" variable:
In OnTick(), we always check the state of the "bln_find_order" flag; as soon as the flag is equal to true, we start to search for the order.
First we try to find the order by ticket
If the attempt succeeds (which means that the order has already been written to history), we determine the order type. In order to access the property of an order from the trade history, use
HistoryOrderGetInteger
.
