Sell using amount instead of lots
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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 Sell using amount instead of lots
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
Open a sell position using the desired dollar amount instead of lots.
To use, just drop it onto a chart and set inputs as needed.
The script will then do the necessary lot calculation and open the trade.
Inputs:
FIXED_DEAL_AMOUNT: Fixed amount to use per trade e.g 100 to open a R100 deal
USE_SL_ON_BUY: If true then a suitable stoploss will be used, else no stop is placed but can be placed manually after opening position
One can also set a global variable '_Symbol+_MAX_SPREAD' to set max spread limit for each traded instrument.
e.g For EURUSD the global variable would be: EURUSD_MAX_SPREAD
e.g For Nasdaq 100 the global variable would be: Nasdaq 100_MAX_SPREAD
