This EA is built to aid Ichimoku traders who like to follow long trends. It is based on the Ichimoku clouds indicator and is easily optimizable to market conditions, it is built for H4 timeframe because Ichimoku is most effective in that timeframe, but can be used on others. It is meant to trade any currency during a long trending period, will not be successful in periods of heavy fluctuations as Ichimoku will receive many false signals. A balance of $3000 is recommended to trade this Expert.
Small. Simple. Powerful. Indicates the time left before the current bar will close and a new bar will form. Useful for strategies requiring a bar to close to confirm direction/momentum/price action. The timer updates with every tick received. When there are no ticks for a long time, the timer can be manually updated by refreshing the chart. The chart can be refreshed by right clicking in the chart window and selecting "Refresh". When the current bar closes but there have been no ticks for the
This indicator calculates certain statistics related to Moving Averages and the price. The statistics are related to Points, Candles, and Slope. The current calculated numbers are compared to historic statistics to determine overbought/oversold levels, which are good buy or sell signals. There are 5 types of statistics. Four of these may give buy or sell signals. Inputs Compare Price? If true, the indicator will gather statistics based on chart candles compared to an MA. I
Bee father can be of great help to novice traders. Purpose: automated trading on Forex market via MetaTrader 4 trading terminal. The Expert Advisor supports build 600 and higher. Expert Advisor type: intraday trading. From 1 to 3 trades daily. Recommended leverage: 1:100. Recommended minimum deposit: $300 for 0.01 lot and Risk <=2. Quote type: 5 decimal places (for example, 1.23429). Money Management: the Expert Advisor automatically reinvests, increasing lot depending on the growth of y
This tool creates high frequency candles with periods from 30 seconds down to 2 seconds for the last 60 seconds. So now you have a detailed view what happened in the last minute. This tool is mainly developed for manual high frequency scalpers. Note The new candles look a little bit different from the original ones. I hope, that this problem can be solved in the future. The candles are only visible on new incoming price ticks. If you test this utility for example on Sundays, you will g
A great Expert Advisor! It has been created specifically for automated trading! One of the main determining factors for trade decision is based on the converted values of RSI and adaptive estimation algorithm. It is highly stable. It can trade any currency pairs. Recommended deposit - 100 USD and more. It shows the best results on timeframes H1 and H4. Please see the attached video and the reports to see and evaluate its trading.
The scripts adds order tracing icons in the chart window. Trace orders are similar to the standard terminal tracing. Icons are added for both closed orders and current (market) orders. The Days of history to check parameter means the depth of the order history to be traced (number of days). If the parameter value = 0, all orders in the available history will be traced.
This EA is for GBPJPY. This EA is using MACD and RSI. The input parameters are optimized for M15. It is recommended for use in securities companies offering small spread. Parameters FUNDA - buying and selling if "0", buying only if "1" and selling only if "-1". magic - set magic number. lots - set the number of lots. 0.1 means ten thousand currency. maxCnt - set the maximum number of position. profitPips - set profit in pips. losscutPips - set losscut in pips. In some cases to be clo
Trade Controller provides multiple methods to protect and maximize your profits. This powerful weapon helps you to set the protect and trailing-stop rules on your trade automatically in many effective methods. Once it is set and turned on, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules. It's designed to support multi-protection and trailing strategy: Protect by break-even, protect by percentage, protect by pip, p
PO Strategies Lite is a Forex robot that allows opening trading strategies based on Pending Orders. You can define the distance in points between the opening price of the pending order and the current price (Bid or Ask). To use this robot, you should choose brokers that allow opening pending orders without any restriction in respect to the current Bid or Ask price (StopLevel = 0 or 1). Furthermore, the account, on which you intend to use the robot, should allow opening micro lots with a hig
Integra Module is a semi-automatic trading system. Purpose: In the semi-automatic method, the trader places orders and the Expert Advisor manages them until closure. It can be used as an assistant in other trading systems, or can help reduce the lot size of a series of orders in drawdown. It can be used as a tool which can cut the lot of a series of orders in drawdown in a flat market and push it to a positive result. The system uses the following algorithms: Take Profit in deposit cur
The indicator is a simplified version of TiModel Correlation. It is developed for currency traders that use multicurrency market analysis. It suits for intraday trading (М1, М5) and for long term trading (Н1, D1). The indicator does not redraw its history values and the value on the zero bar. Due to using normalization methods it works with all markets and instruments. Operation Principle A trend pattern is formed based on the quotes. It is displayed on the chart as a broken line. Pattern dy
Trade Report Pro is an EA that create professional graphic report of your trade history automatically and manually. It also send notification to your mobile or email once your account balance changed. Reports are saved by HTML and CSV format, while opening a quick summary report window inside MT4. Note: This Demo version reports only 15 first trades in the history. To report the full history, please purchase the full version at: https://www.mql5.com/en/market/product/4800 Followings are highl
Visual Trading App is an innovative application developed in MQL4 (new version) for MetaTrader 4, which adds functionality "click trading" or "chart trading" that integrate many pittaforms. Important note - this is a DEMO version of Visual Trading App that you can buy here. This version works on normal chart (not only in Tester mode) but you can trade only minimum permitted lot. Specifically, this application allows you to make trading completely with the mouse directly from the chart. It's a
This is a demo version of PriceProbability indicator. It works on EURCHF only. This is an easy to use signal indicator which shows and alerts probability measures for buys and sells in near future. It is based on statistical data gathered on existing history and takes into account all observed price changes versus corresponding bar intervals in the past. The statistical calculations use the same matrix as another related indicator - PointsVsBars. Once the indicator is placed on a chart, it sho
This Expert Advisor is designed to trade GBPUSD. It works with the H1 chart, but you can place it on any time interval. The EA trades long after a sharp fall and a reversal. By default, it uses 0.1 lot with the minimum deposit. Lifetime of deals is usually not more than a day, sometimes one or two days. The idea of the strategy is that any sudden movement is followed by rollback. Parameters OSN - allow the EA to open deals. SHCH - load ratio, the larger is the value, the greater the
The Two Moving Averages indicator concurrently displays two Moving Averages with default settings in the main chart window: Green and Red lines that represent a short-term trend. You can change the moving average settings and colors. However, these parameters have been configured so that to allow trading on all timeframes. Take a look at how the Moving Averages lines can be used in a profitable multi-currency Trading Strategy on all time frames, that is also suitable for trading in your mobile t
Description: This Expert Advisor is intended for trading on EURUSD. This Expert Advisor use only buys positions. It's working for the past years without further optimization. Only two target return your investment for this EA And the best part is Shree Trader has been created to generate long term profits. Parameters for Shree Trader: Lots: lot, 0.2 on default Target Profit: fix profit. 20 on default lTrailingStop: Stop Loss will be moved after the current price, but only if the positi
This is a demo version of Nevada Expert Advisor. It does not have settings and cannot be optimized. Intended for acquaintance. This is a non-indicator trading robot. The trading is performed inside the channel. Trading by time is provided in the Expert Advisor's settings. For example, you can trade only during Asian and American sessions. The product contains protection against an increased spread, which can expand during a rollover and news releases. Also, there is a protection against
The CloseAll Pro script closes all deals for a selected symbol. Just drag it to the chart, and it will: arrange descending sorting of deals based on the lot value (first largest deals are closed) use TradeBooster for speed sending of all trade requests (only if you use it) make sure that all deals are closed and shut down.The script is free and fully functional even if you do not use TradeBooster.
Vola Alarm shows how much the current price of a bar moved since its opening in % of average price movement. If the adjusted level is exceeded, the alarm is triggered. It is very helpful to know: 'In which pair is movement?' The product is interesting for strategies like: 'Open order in opposite direction' or 'Follow strong movement'. The indicator is applicable in every period. A comment in the chart window shows the average of Highs - Lows in points of last x bars. Next it shows Bid - Open
The indicator displays maximum, minimum and average spread for each bar of the timeframe it is applied to. The spreads are displayed in the form of a histogram. For the current bar it also displays the last (current) spread, the sum of all spreads and their number. Data for each closed bar is saved in a file on the first tick of the next bar (or the current bar in case the indicator/terminal is restarted), so when the terminal is restarted the data is loaded back.
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol. Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts are aligned to the border according to their open time. Please be sure the relevant history datas have been downloaded before synchronize charts. Note: This is a Limited Edition of Synchronized Charts. It works only on Monday
Manage your risk and make your trading easier This is a free demo of Fx Easy Trade. It works without restrictions, it is only limited to 20 trades. The full version is available here. With Fx Easy Trade you can create orders easily and system will calculate automatically the position size, create statistical report, draw supports and resistances on all timeframe you have in one click, create alerts, send notification, scan the market, etc. More details below. Define your risk in euro or d
Deals Utility is designed to manage any opened and pending order. It can handle orders by adding SL/TP, Trailing or Breakeven. How to use Apply this Utility to any chart and set input parameters at your discretion. When you open any Market or Pending order, this utility adds SL/TP immediately. It will not process any order with magic number, so other EA's can work with this. It will manage Forex, Metal and Energy symbols. Other EA's can work with this because it will not handle any order wit
RCCMA is a general moving average indicator that works with ReviewCandleChart. Original is "Custom Moving Average" provided by MetaQuotes Software Corp. Based on that source code, I corresponded to ReviewCandleChart. Advantages When ReviewCandleChart is ON, no line will be displayed on the right side from the vertical reference line. When ReviewCandleChart is ON and you press a key such as "Z" or "X" Following that, the MA is drawn. When ReviewCandleChart is OFF, the same drawing a
Hello everybody! This is my first free product. It is script and only run one time It can clean all of Objects from your Chart Without any input variableThis is MT4 version and you can also see MT5 version and my other products and signals: https://www.mql5.com/en/users/trader92/seller Thanks for your usage! Warning: it can remove objects of your active indicator (indicators that draw object on chart) Near future I will publish good signal please follow me :)
The Click Info Free is a simple utility that allows the trader to quickly receive information about the High, Low, Open, Close, Time values of the current chart. In order to receive information about a bar, it is necessary to left-click the selected candle. Depending on the settings, either a pop-up Alert or a Comment with the information appears. Information on the bar values (High, Low, Open, Close, Time) can be extremely useful in practice of trading using graphical analysis, evaluation of
A powerful assistant for manual trading. Execute a deal with one click and manage the trade volume, stop loss and take profit, according to your trading strategy, without being distracted from the chart. The product can also visually preview your levels of entry into the market, stop loss and take profit before placing an order. Advantages easy and intuitive interface the control panel in real time 3 modes of setting the order volume 6 stop loss setting modes 5 profit take set
MQLTA Take Screenshot is a utility that will allow you to take screenshots of the current chart, directly from the chart. The utility is useful to quickly save an interesting situation and to save the current chart before opening or closing an order. How does it work? Take Screenshot uses an embedded function in the MQL4 Language to save the current chart. How to Use the Utility Load the indicator and select your preferred options, once the panel is open you can click the save icon to take a
News Calculator and Trading Panel is a high-tech exclusive calendar indicator, which shows news for many currencies. At the same time, it is a versatile trading panel. The News Calculator indicator shows the news on the chart in a detailed form and draws vertical lines: for low, medium and high-impact news. The indicator contains multiple features. Many buttons are displayed on the chart, each button is responsible for a certain action. When a news event occurs, the indicator generates notific
The Time Line Auto Close (TLAC) EA will allow you to create vertical lines (Time Lines) that will automatically close all, or some, of your open orders. You can create and manage multiple lines configuring for each one which orders will be closed and notifications. You can filter orders by currency, magic number, order number and order type. You can also configure notifications to be alerted before the lines will be activated. How does it work? With TLAC you can manage the time lines through t
The Irisha is an Expert Advisor, in which we attempted to implement the ability of trading on smaller timeframes (1-15 minutes). The main idea lies in opening frequent trades and in the ability to "cover" losing trades with profitable ones. However, we had to resort to the Martingale strategy to implement the idea. Due to this, it is recommended to have a large deposit and/or cent account for using this EA. NOTE! The demo version has a number of limitations: It allows trading only EURUSD and op
The KFX Trade Plotter shows the past trades in the main chart. Background The past trades in the chart can be seen again with the entry and exit point can be very helpful to increase its own trade level. It is supposed to enable the trader to reconstruct the trades again, in order to analyze why a trade was opened at this point. Indicator All colors are adjustable for the user
The Pairs Trade indicator is a utility for semi-automatic pair trading. It allows combining the charts of two arbitrary instruments, even if the schedules of their trading sessions are different. It displays a spread chart in the form of a histogram with an overlaying moving average. It calculates the swap that will be charged for the synthetic position (in the deposit currency). It is possible to set a level for automatic opening of a synthetic position on the spread chart (analogous to the 'se
PipTick Equity is a simple indicator that shows the development of equity curve in real time. For precision measurement, it should be used in a separate window with a period of M1. Main features The indicator shows the development of equity curve in real time High precision on minute chart Very fast calculation Available for MT4 and MT5
The indicator can help traders to assess in advance the number of Lots, Balance and Equity, if the price deviates from the current levels. The indicator will be useful for those who trade using Martingale. Features The indicator belongs to the category of risk management. The indicator helps to assess in advance the account change that would happen in case of possible price change from the current value to a threshold. It also recalculates swap, lock, pending orders, take profit and stop loss.
The Signals Scanner Free is a free utility for the MetaTrader 4 terminal. The utility allows to receive information on signals from the mql5.com site (https://www.mql5.com/en/signals). By downloading this product, you will be able to find information on the signal of interest. Demo accounts allow to obtain information only on free signals! Real accounts allow to obtain information only on paid signals! With the Signals Scanner Free utility you will be able to find the following information:
The "CCI AreaBalance" indicator displays the deviation of the weighted state of the standard "CCI" indicator on the specified area, on a specified number of bars, set by the "DRAWs" parameter. Input Parameters: DRAWs = 128; CCI_Period = 14; CCI_Price = "Close price"; AREA = 100 . Trading should be performed based on the strong chart reversals.
The demo version of the indicator does not display data on the last 25 bars but is perfect for testing. The Market Follower Demo indicator displays two types of potential entry points on the chart (by trend and by absolute reversal points). The entry point for the trend is displayed by a circle. Indicator qualifies the presence of a trend at a certain interval by a certain algorithm. Then it displays a potential entry point after a correction. For the successful use of these points, it is re
Indicator "SevenUSD on DeMarker" ("US$7DeM") displays DeMarker values of the below pairs in a subwindow of any financial instrument: GBPUSD, EURUSD, AUDUSD, NZDUSD; - thick lines of different colors; USDCHF, USDJPY, USDCAD; - thin lines of different colors.In inputs: DRAWs - number of bars to display, DeM_PeriodS - "DeMarker" indicator period. It is common for all the 7 US dollar quotes used.
HOPE is an intelligent and unique Expert Advisor having a powerful system to identify trends and then begin to scalp in those trends. It uses many different strategies and has the safe and strong money management system (all trades have a stop loss). HOPE works on H1 and can be used on EURUSD, GBPUSD and XAUUSD. No martingale. No grid trading. No arbitrage. Always use a stop loss to protect a capital. Very good risk/reward ratio. Works on all brokers. Never needs to be optimized! Re
Trender EA is based on the middle-term strategy for the H1 timeframe. The Expert Advisor analyzes a trend direction and uses a moving average based filter. Trades are closed either by a fixed Take Profit and Stop Loss, or by total profit/loss in percent of the account balance. Features: allows opening several positions in one direction (the maximum number of positions is set is parameters) allows using a dynamically calculation of a trade volume (money management)minimum indicators (Moving A
This script is designed as an assistant for a trader having a preset stop loss. It helps to open a Buy position with required risk without performing any calculations. All you need is to specify the risk as percentage of the deposit and the required stop loss in pips and click OK. The script will do the rest. It will open a Buy order with the current price and calculated volume and place the stop loss level at the specified distance. Parameters Description PercentRiskDepozit - loss percenta
This simple indicator plots a line chart from various prices. Standard Line chart shows only the close price. Inputs InpAppliedPrice - applied price (Close, Open, High, Low, Median, Typical, Weighted) For Developers You can use the indicator in your code. Syntax: iCustom(_Symbol, _Period, "Market\\FT Line Chart MT4.ex4", <AppliedPrice>, 0, <BarShift>); Example: //--- Actual Typical Price (HLC/3) double price_typical;price_typical = iCustom(_Symbol, _Period, "Market\\FT Line Chart MT4.e
The demo version works only in test mode without opening real orders. ScalpHunter is a dual-mode scalping Expert Advisor working both on an averagely volatile market and during important news releases. Initial parameters allow the EA to automatically adjust to the market conditions. The EA works on M5. It has been initially developed for EURUSD. However, it also shows good results on GBPUSD and AUDUSD. It does not work with other symbols. The EA does not trade on history data due to its algor
EquityProtect provides hidden StopLoss, TakeProfit or TrailingStop based on the account equity. All orders of all symbols can be closed or just the chosen currency and/or just buys or sells or pending orders deleted. EquityProtect closes all or just defined orders when the account equity falls under or rises over a certain level. Besides EquityProtect can use the account equity as trailing stop. A comment in the chart shows the equity where the robot will react. EquityProtect is very useful for
Features This EA will entry when you break out the box set. This strategy, using the historical data of 11 years, has been optimized for the currency of the GBPJPY and EURJPY. The input parameters are optimized for H1. Parameters FUNDA - buying and selling if "0", buying only if "1" and selling only if "-1". magic - set magic number. lots - set the number of lots. 0.1 means ten thousand currency. maxCnt - set the maximum number of position. profitPips - set profit in pips. losscutP
Demo version of the Phantom EA which trades only a minimum volume. This is a fully automated multi-currency Expert Advisor. Does not use Martingale and grid trading. Uses stop loss to protect funds. It trades pending orders at acceptable time. Unengaged pending orders are deleted after the EA stops trading. Market Execution is applied — take profit and stop loss are placed after the order is executed and modified by the EA's settings. The EA is meant for trading EURUSD, GBPUSD, AUDUSD, USDJPY
Plait 4 is a universal indicator based on Moving Average indicator data. The indicator draws three lines in a separate window. These lines describe the current dynamics of the price. The Plait 4 indicator can be used both as a trend indicator and an oscillator. The indicator has one input parameter (Period) allowing you to specify a number of bars to be analyzed.
The indicator for presenting current spread in real time. It is a very simple still useful indicator for manual trading and market analysis. The indicator shows current spread (in 4-digit format) for the selected instrument. You can specify the place on the chart where indicator shall print the output as well as output color. Please contact the author if any changes are required.
AlphaPulse News Trader is an Expert Advisor for MetaTrader 4, which is the most popular trading platform in the FX market. AlphaPulse News Trader downloads the weekly calendar from our server automatically, then places trades just milliseconds before or after the news release (time is adjustable) effectively capturing the entire move during high impact news.
Holy Trinity Risk Control This EA makes use of three indicators: Holy Trinity Volatility Indicator Holy Trinity Peaker Indicator Holy Trinity Pluss IndicatorIn this EA, there are two modes made available to the trader: Aden John Fx Buy and Sell Entry mode - this is the mode based on Aden John's trading strategy which works with the aforementioned indicators. As would be seen in the settings, this mode can either be turned off or on. My Own Buy and Sell Entry mode - this mode is for wha
This is an oscillator indicator. Its Main Line calculation is based on the average sum of the open, high, low and close prices (each in its array). From this value, we must subtract the simple moving average of the weighted close (Father Period). The Signal Line is based on the calculation of the differential sum of the (smoothed and linear weighted) moving averages of the main line. By this, we see The Holy Trinity Peaker gives an earlier price directional movement. With this indicator, BUY
Tired of lagging moving averages? Check out this product. DailyMA builds two moving averages relative to the day Open price. Two lines display the price movement throughout the entire day – both trends and flats. During the trendy periods, the lines generally move in a single direction and have similar color. In case of a flat, the price usually moves inside the lines' borders. The lines change their colors quite often. Good luck!
If you liked this indicator please support further development by using my referal links: My favourite forex trading platform with support for Metatrader 4 and Metatrader 5: Xm.com My favourite cryptocurrency platform (trade bitcoin,ripple,ethereum and alot more): https://www.binance.com/?ref=11338516 Are you a content created and want to earn money on your referrals: Xm.com affiliate Description: The indicator displays a histogram for the Relative Strength Index direction. This is ca
The River trades the EURUSD with a risk/reward ratio of 1/15, risking around 3% of account balance per trade and making it an aggressive Expert Advisor. Although 1:15 is a very good R/R ratio, there's an estimated probability of only 10% of profit trades according to the EA backtesting. It only opens 1 stop order per day and in average there are only 130 trades per year. My recommended minimum starting balance is $1000. This EA is the one behind the signal named "The River".And it is also an ag
Note: This is the free version of Verdure OCO EA. Limitations of the free version include: Only works in local mode. Does not manage pending orders (it only manages market orders). Does not send email or notifications. It, however, alerts on duplicate orders. Overview A One-Cancels-the-Other Order (OCO) is a pair of orders stipulating that if one order is executed, then the other order is automatically canceled (Investopedia.com). Verdure OCO EA brings this functionality to MT4.This EA is
This is a system consistent of 2 components: RepliTrades Source: It sends the trades to one or more terminals into the same Computer RepliTrades Trader: It trades the orders sent by RepliTrades Source Please watch the video to learn how it works and use it. Features: Manage up to 300 trades at same time in each terminal Work with any broker, no matter if uses suffix or prefix in symbols names Replicate pending orders (limits or stops orders) or direct trades (market orders, etc) and it
This is an indicator for setting stop levels. It is based on the VaR criterion. To coordinate the financial risks, it is necessary to quantify them. This can be done using the VaR criterion. This parameter is used by almost all banks to assess the financial risks (of course, they use more complicated formulas than those used in this indicator). This indicator calculates to what level the price will not change for a certain period of time with a given probability. The probability is specified i
The Level S Moving Averages indicator (see the description and video) does not draw the Moving Average line in the chart window but marks multiple levels (such as close, highs and lows of any bar on the time frames from M1 to D1, W1, MN - strong levels) of the Moving Average on all time frames in accordance with the specified parameters. The level move frequency corresponds to the TimeFrame parameter value specified. The advantage of this indicator lies in the fact that it offers the possibility
Modello dei Redditi per l'Italia - Tasse e Fisco Tutti i clienti di broker collegati a Metatrader residenti in Italia hanno l’obbligo di presentare la dichiarazione dei redditi e compilare l’UNICO anche nel caso di una minusvalenza. Purtroppo i dati di Metatrader hanno bisogno di un ricalcolo laborioso prima di essere presentati in dichiarazione. Questo Utility gratuito permette di esportare tutte le attività di trading, i depositi e i prelievi dal tuo account Metatrader in un formato standar
A Utility used for accounts with multiple open positions with Magic numbers added via Expert Advisors or manually. The Utility closes specific Magic number open positions when a certain profit in currency $ has been reached. The Utility also closes specific Magic numbers open positions with a break-even feature when the Expert Advisors or manually a certain amount of open positions has been placed. The Utility also closes all buy stops and sell stops when the "Take profit sum $" has
Like Trader is so planned that several technical analyses in all symbols in the table of Like Trader are at the disposal of the trader simultaneously. In fact, limit free in the timeframes and the special mode are so planned that the trader can use output information with costume setting. This version is Demo and limited: Removing and adding Symbol is limited,The maximum Symbol used in the demo version is three.The number of orders taken by Expert is limited to 20.Changes are not saved in the
Written for trade copying, account following. Most simplified demo robot that it can copy trades from a terminal to several terminals on demo accounts: This is an utility robot. It doesn't work on strategy tester! It can copy trades, it can follow accounts. Maybe you want to open several accounts(several terminals) on one(single) computer, and, all of that accounts maybe on a single server or each of them may be on different servers. Maybe you want to copy trades from one account on one termi
Trade Click Demo is a trade panel for demonstrating the features of Trade Click: https://www.mql5.com/en/market/product/28112 Limitations: The demo version works only on EURUSD, lot size can not be changed. The minimum lot is used. To use this product on any instrument with lot sizing options, please check the full version at: https://www.mql5.com/en/market/product/28112 You can choose to enter a trade with the minimum lot size, as this is a demo version of the product. Set your desire
The Automated EA program trades a basket of multiple currency pairs at the same time on the same account. A total of 21 currency pairs can be traded with this program. Only the Currency Pairs that are set in the Input Settings are able to be traded. The strategy is based on trading currency pairs that are found to have extreme bias in overall strength between the two currencies in a pair. When one currency is strong and another currency is weak, the resulting currency pair will trade in the dire
This application is designed to quickly place a pending order or open a position at market. The position volume will be calculated automatically according to the risk settings. This application also manages orders and positions. Everything is simple, you only need to specify the price of the order (or position by market) and stop loss. The type of the pending order is selected automatically depending on the logic of the relative location of the current price, pending order price and stop loss.