I am trying to Understand working of OrderSend method .
Following is my understanding . Can any expert in mql4 and verify and correct em if i am wrong.
Specified in OrderSend() method of mt4
EA will be Useful in case of Limit Order(OP_SELLLIMIT/OP_BUYLIMIT). in market order stopploss and takeProdit order it
will not be useful.
If Stoppless or TakeProfit value is specified
then with the entry order one more order of opposite direction will be
placed in market and that order will be StopLoss or takeprofit Order.
In total two order will be placed one for entry and one for exit in case
Stoppless/ TakeProfit is specified .
if both stoppless and takeprofit are not
specified(both value is 0) then only single order for entry will be placed
in market according to command(Buy/Sell/Limit Sell/Limit Buy) passed.