Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2013.05.31 11:10

PZ Progressive Trading Scripts - script for MetaTrader 4

| English Español Português 日本語 Deutsch

votes: 13

This set of scripts has been designed to scale-in your trades as price action runs in your favor. This will maximize profits due to proper pyramiding, decrease the impact of unprofitable trading decisions and make your life much easier. There are four different tasks you can perform with these scripts:

  • Buy at market price and place 3 further pending orders
  • Sell at market price and place 3 further pending orders
  • Place a buy stop order at the high of the previous bar and 3 further pending orders
  • Place a sell stop order at the low of the previous bar and 3 further pending orders

Some other facts you should know:

  • The first trade has a risk allocation of 2%.
  • All further pending orders decrease in lotsize to avoid overbetting.
  • All orders have an ATR-based stop-loss. Default is ATR(30)*2 from the opening price.
  • All pending orders have an ATR-based distance between them. Default is ATR(30)/2.

Additionally, a fifth script is provided to delete all pending orders if desired. Use with caution since it affects all pending orders.

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

PA adaptive MACD PA adaptive MACD

Phase accumulation adaptive MACD - completely adaptive MACD

Basket Chart Creator Basket Chart Creator

Basket offline chart creator script using geometric mean method.