Script or EA that opens multiple orders from a single order

 

Hey folks, is there a way to open new orders automatically with an EA or Script from a single order. The first order is opened manually from the BUY or SELL buttons, but after that the script comes in and automatically opens multiple(maybe 10) more similar orders with similar SL and TP values. I need it to be that the orders are not opened in the EA, but rather the EA picks up any order that is open and multiplies it.

The main purpose behind this is to be able to multiply the trades from a signal copier. Also it has to be MT4.

 
Denard Wogube: Hey folks, is there a way to open new orders automatically with an EA or Script from a single order. The first order is opened manually from the BUY or SELL buttons, but after that the script comes in and automatically opens multiple(maybe 10) more similar orders with similar SL and TP values. I need it to be that the orders are not opened in the EA, but rather the EA picks up any order that is open and multiplies it. The main purpose behind this is to be able to multiply the trades from a signal copier. Also it has to be MT4.

Yes, that is possible. Manual orders have a magic number of zero. An EA can monitor for new positions with magic number zero and then react by placing new orders (with a different magic number so as not to create a "vicious circle").

EDIT: You can also have the EA have a trade panel to facilitate the placement of the initial order too, which might be the best method to approach it.