Download MetaTrader 5

Conditional Orders

To add comments, please log in or register
Searching on MQL5.community is performed in all sections. Try it!
geoffinaus
466
geoffinaus 2013.07.09 04:21 

Is it possible to enter Conditional Orders in MT4 

eg

I Trade with the Trend on Pullbacks using Fibonacci Retracements

I  want to place orders at say the 0.0%, 23.6 % 38.2 % and 50 % but not until Price is above the Prices at each of theses levels and catches them on the way back into the Trend

eg

If Price is at the 23.6 % Retracement level

I want to enter a Sell at the 38.2 % level but not until price hits the 50 % level.

If I enter the order now when Price is at the 23.6 % level the order will be triggerred when Price reaches the 38.2% level but if it continues up then I will get unrealised losses until it stops retracing

I want a conditional order -  the order is not entered until it reaches the Prices I enter is reached and then when price moves back in the direction of the trend the order will be triggerred 

 

Maybe I need an EA ?  Was hoping I could do without an EA 

 


Files:
Simon Gniadkowski
Moderator
17999
Simon Gniadkowski 2013.07.09 09:10  
geoffinaus:

Is it possible to enter Conditional Orders in MT4 


Please post mql4 and MT4 related questions at the mql4 forum
MQL4: automated trading forum
  • www.mql5.com
MQL4: automated trading forum
Anton Nel
36983
Anton Nel 2013.07.09 09:11  
You need EA for this.
To add comments, please log in or register