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Published:

2013.01.23 15:54

Updated:

2016.11.22 07:32

limitstoporderscript.mq5 (6.1 KB) view

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It is intended to breakthrough's trading on the support / resistance levels. For example if the price touches the given limit price the script places its stop order at the defined stop buy price (on 5-10 pips above level) and exists. Thus, if the price breaks through the support line no buy stop order is sent. I.e. such approach serves as a filter that allows to deselect weak / false signals.

Limit Stop Orders parameters

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1460

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Limit Stop Order Script - script for MetaTrader 5