Super scalper

MQL5 Experts

Specification

  1. market order is placed to instruct the trader to buy or to sell at the best price available.
  2.  The entry interfaces of market order usually have only ‘’buy’’ and ‘’sell’’ options which make it quick and easy to use.
  3.  Pending Orders – pending orders which are usually available in six types allow traders to buy or sell securities at a previously specified price.
  4.  The pending orders-buy limit, sell limit, buy stop, sell stop, buy stop limit and sell stop limit- are placed to execute a trade once the price reaches the specified level.
  5. Limit Orders- a limit order instructs the trader to buy or sell the asset at a specified price. This means that first of all the trader should specify the desired buy and sell prices.
  6.  The buy limit order instructs him to buy at the specified price or lower. 
  7.  the sell limit order instructs to sell at the specified price or even higher. 
  8. Once the price reaches the specified price, the limit order will be filled.
  9.  Stop orders-a sell stop order or stop buy order is executed after the stop level, the specified price level, has been reached. 
  10. The buy stop order is placed above the market and the sell stop order is set below the market.
  11.  Stop loss orders - a stop loss order is set to limit the risk of trade. 
  12. It is placed at the specified price level beyond which a trader doesn’t want or is not ready to risk his money. 
  13. For a long position you should set the stop loss order below the entry point which will protect you against market drops.
  14.  Whereas, for a short position place the order above the trade entry to be protected against market rises. 
  15. OCO – OCO (one-cancels-the-other) represents a combination of two pending orders which are placed to open a position at prices different from the current market price.
  16.  If one of them is executed the other will automatically be canceled.
  17. scalp on 1 minute to 15 minutes timeframe


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