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PZ Progressive Trading Scripts - script for MetaTrader 4

Point Zero
Views:
42521
Rating:
(21)
Published:
2013.05.31 11:10
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
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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.


VR---ORDERS VR---ORDERS

Indicator displays information about the current positions

Non Repainting Supertrend Indicator Non Repainting Supertrend Indicator

This is a new implementation of the SuperTrend indicator for MetaTrader 4. The SuperTrend indicator is an application of the concept of MAE (maximum adverse excursion), which was introduced by John Sweeney in the mid-nineties.

Imp_MA Imp_MA

Moving average on the basis of individual price

SK-Days of Week SK-Days of Week

Writes days of week above candles.