Stop & Reverse
If I open a Buy signal with the code OrderSend(....), how can I launch a Sell order if (only if) the first order go in Stop Loss?
Example: 1° Order Long --> 1.0100; TP 1.0150; SL 1.0080;
if TP in taken --> end the EA,
if SL is taken go Short with the 2° order at the close price of the 1° order (= SL price).
Look at the examples: Opposite trade, Stop Loss Take Profit.
Thankyou Vladimir, but these codes are also for mt4?
No. Only for MetaTrader 5. You asked a question on the MQL5 forum. For the old terminal there is a special branch: MQL4 and MetaTrader 4
In MQL5 now there are wonderful reasons for the execution of deals ENUM_DEAL_REASON:
Identifier | Description |
|---|---|
DEAL_REASON_CLIENT | The deal was executed as a result of activation of an order placed from a desktop terminal |
DEAL_REASON_MOBILE | The deal was executed as a result of activation of an order placed from a mobile application |
DEAL_REASON_WEB | The deal was executed as a result of activation of an order placed from the web platform |
DEAL_REASON_EXPERT | The deal was executed as a result of activation of an order placed from an MQL5 program, i.e. an Expert Advisor or a script |
DEAL_REASON_SL | The deal was executed as a result of Stop Loss activation |
DEAL_REASON_TP | The deal was executed as a result of Take Profit activation |
DEAL_REASON_SO | The deal was executed as a result of the Stop Out event |
DEAL_REASON_ROLLOVER | The deal was executed due to a rollover |
DEAL_REASON_VMARGIN | The deal was executed after charging the variation margin |
DEAL_REASON_SPLIT | The deal was executed after the split (price reduction) of an instrument, which had an open position during split announcement |
Please do not double post.
I have deleted your duplicate topic and moved this to the MQL4 section (some of the above answers relate to MQL5 as was posted in the wrong section)
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If I open a Buy signal with the code OrderSend(....), how can I launch a Sell order if (only if) the first order go in Stop Loss?
Example: 1° Order Long --> 1.0100; TP 1.0150; SL 1.0080;
if TP in taken --> end the EA,
if SL is taken go Short with the 2° order at the close price of the 1° order (= SL price).