managing limit order buy or sell

[shonick]

Here is the situation. I have placed many limit orders (limit sell and limit buy).

 

When I am not in front of my computer. The price may go in opposite direction as I predict. And it go pass certain point of price. I want my limit order to be closed, even it is not trigger yet.

Can this be done in indicator coding ? EA? or script? Which one is better for my situation? and can this manage all of my pending order? This is for MT4

 

Thank you 

[Nathan]

Hello shonick,

Basically you wish to close an order once price reaches a specific level?

Yeah, this can be done.

What criteria will the order close code block need included?

Thank you

[shonick]

I determined it by input price level. Will this be done in indicator, EA, or script?

[Nathan]

shonick:
I determined it by input price level. Will this be done in indicator, EA, or script?

An EA or script would be just fine. Indicators can't perform this task.

Thank you

[Simon Gniadkowski]

shonick:

Here is the situation. I have placed many limit orders (limit sell and limit buy).

 When I am not in front of my computer. The price may go in opposite direction as I predict. And it go pass certain point of price. I want my limit order to be closed, even it is not trigger yet.

Can this be done in indicator coding ? EA? or script? Which one is better for my situation? and can this manage all of my pending order? This is for MT4

You should use an EA,  a script is intended to run once and then end . . . it can be made to loop constantly but that is really what an EA is for.  Indicators cannot perform trade operations.