Harmonized Pending Hedge of open trades for chart symbol
This tool for MetaTrader 4 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 Harmonized Pending Hedge of open trades for chart symbol
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 script sets pending hedges with distance in pips for chart symbol.
If hedged are 100% harmonized strategy will do nothing,
else calculates difference between Buy and Sell Trades and places a harmonized pending hedge 100%.
Deletes old hedges for symbol and places new ones.
This way can be used as manual trailing pending hedges, when desired.
I use this strategy often, so I consider is useful enough to share it with you.
