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2014.07.31 10:18
Scripts

Long position - script for MetaTrader 5

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buy.mq5 (4.33 KB)view

A simple script that allows you to open a Long position using the current price location with a specified Risk Percentage and Reward Ratio.

Pretty simple, drag the script onto your chart and the inputs to change the Risk Percentage and Reward Ratio will pop up, change those values if you want to, hit the Ok button and the trade will execute.

If it fails, have a look at the expert tab to see why the order failed. The script has a Risk Percentage limit of 20%. That's about it...enjoy!

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The InverseReaction indicator with the timeframe selection option available in input parameters.

Short position Short position

A simple script that allows you to open a Short position using the current price location with a specified Risk Percentage and Reward Ratio.

Long Pending Order Long Pending Order

When you drag this script onto the chart, it will calculate the price where you drop the script and use this price to figure out if a Buy Stop or Buy Limit pending order should be placed.