w1nner2018:
Hello , can someone suggest advisor/anything similar for mt4 which can help with opening of new orders ( I mean: I will select the opening points myself, but it needs to estabilish the t/p and s/l , i will preearange them myself)
! it is a way too time consuming to write t/p and s/l when there are more than 30 deals( !
Thanks!
You should search in the market, there are some solutions there.
w1nner2018: can someone suggest advisor/anything similar for mt4 which can help with opening of new orders ( I mean: I will select the opening points myself, but it needs to estabilish the t/p and s/l , i will preearange them myself)
! it is a way too time consuming to write t/p and s/l when there are more than 30 deals( !
Use the one-click trading, and then drag the TP/SL to where you want. The bigger problem is managing risk.! it is a way too time consuming to write t/p and s/l when there are more than 30 deals( !
- In code:
Risk depends on your initial stop loss, lot size, and the value of the pair.
- You place the stop where it needs to be - where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.
- Account Balance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the SPREAD, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)
-
Do NOT use TickValue by itself - DeltaPerLot
and verify that MODE_TICKVALUE is returning a value in your deposit
currency, as promised by the documentation, or whether it is returning a value
in the instrument's base currency (EUR, in this case).
MODE_TICKVALUE is not reliable on non-fx instruments with many brokers. - You must normalize lots properly and check against min and max.
- You must also check FreeMargin to avoid stop out
- Use a GUI EA like mine (for MT4): Indicators: 'Money Manager Graphic Tool' indicator by 'takycard' Forum - Page 6
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Hello , can someone suggest advisor/anything similar for mt4 which can help with opening of new orders ( I mean: I will select the opening points myself, but it needs to estabilish the t/p and s/l , i will preearange them myself)
! it is a way too time consuming to write t/p and s/l when there are more than 30 deals( !
Thanks!