4click Trade Opener
Info
The 4click Trade Opener is a Script for MetaTrader 5 that trade with no need to calculate lot size. This script calculates the proper lot size and opens the position(s) for you.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Scripts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use 4click Trade Opener
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
Trade with no need to calculate lot size.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Script works on MetaTrader 5. Place the file in the MQL5/Scripts folder and restart the terminal.
Description & Settings
Related: History of trade - another powerful script for MetaTrader 5 traders.
Trade with no need to calculate lot size! This script calculates the proper lot size and opens the position(s) for you.
Set risk percent or risk amount of your equity and other parameters in script source code and compile it, then:
Also recommended: Transparent Meta Trader 5 - similar script with strong performance on MetaTrader 5.
First click: Open a trade with minimum lot size that broker allows to opening an order (use buy & sell buttons of trade panel on top left corner of charts)
Second and third clicks: drag SL and TP lines to your wanted prices on the chart
Forth click: drag and drop script on the chart. Script calculates the lot size and opens position(s) for you.
Parameters:
Risk Percent (like 2% of equity)
Risk Amount (like 100$)
Minimum Lot Allowed by Broker to open Orders (generally 0.01 or 0.1)
Number of Positions (You can split your risk between more than one positions to set different TPs for them)
Max order slippage(deviation)
Script calculates the size of the min lot position that you opened and sets remaining lot size based on SL line that you defined on the chart.
You may also like: Export trade history to CS V - excellent alternative for script users on MetaTrader 5.
⚠ 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.