This simple script opens two Market orders in two opposite directions. The essence of this is when trading news, price often breaks out in one direction. So ideally executing this script shortly before the news release would imply that if a breakout occurs in one direction one of the market orders (the one in the wrong direction) will be closed by the price triggering the stop loss, while the order will be left open to accumulate profits.
It should be noted that this is not always this case, however the above example is just an illustration where one might require a script like this.
Whats more? This script is %100 compatible with ECN accounts that do not allow the stop levels alongside OrderSend function.
input double Lot_Size = 0.01; //Size of the trade input int stop_loss = 150; //Stop loss in points 150 = 15 pips input int take_profit = 300; //Take profit in points 300 = 30 pips
Simple program using the moving average as bias and providing many trade and money management options.Regular Expressions Tester MQL4
The script allows you to try regular expressions in MetaTrader 4.
This is the semaphore indicator of candles that highlights the candles on the chart, which have same direction like all candles for your chosen timeframes.Limit orders Pro
This script provides quick work with a large number of pending orders in the market and contains functions for placing, changing, and deleting of orders within the your price range.