Open Trade
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Open Trade
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.
Description & Settings
This function executes the main logic for initiating a trade.
It calculates the opening price, take profit levels and stop loss based on the symbol information and parameters provided by the user.
Prepares a trade request (MqlTradeRequest) with essential details such as symbol, volume, order type, slippage, comment, magic number, etc.
Invoke the OrderSend function to send the trade request and get the result.
SetTypeFillingBySymbol function:
This function determines the type of order fulfilment (Fill or Cancel, Immediate or Cancel or Return) according to the symbol's fulfilment policy.
GetMinTradeLevel function:
Calculates the minimum trade level considering the freeze level and stop level of the symbol. Adjusts the minimum level to ensure that it is within specified limits and returns the result."
