Open a position for EA MT5

Hello everyone,
this is another utility that I wrote specifically for users using my profile with a large number of experts and sets (https://www.mql5.com/en/blogs/post/750723) .
This utility is useful for working with a profile using grid strategies (averaging and martingale). As we know, such strategies periodically fall into a large drawdown and you need to be careful when opening averaging positions (do not open too many). In my profile, I use a limit of 3 positions for each EA, if this was not enough to exit the drawdown, then the positions are against a strong trend and you need to choose a key level (the most likely for a rebound or trend reversal) to open the next position.
Consider the situation, some EA has opened 3 positions against the trend, then you do not want EA to continue averaging on its own, but you want to choose the price value at which to open the next position. To do this, you need: 
  1. Attach the utility "Open a position for EA" to the chart of the symbol for which the drawdown.
  2. In the "Magic_positions" parameter, register the magic number of EA whose positions are in drawdown. This is necessary so that EA takes into account the open position of the "Open a position for EA" utility, this will allow EA to control all open positions and close them at the appropriate moment.
  3. Specify the desired trading lot size for the new position in the "Lots" parameter.
  4. Set the desired price to open the next position in the "Price_for_pending_order" parameter field. The type of orders will suit "ORDERS_LIMIT" (selected in the "Type_Orders" parameter), but in some situation "ORDERS_STOP" may be useful to you, or you can just instantly open a position at the current price (without taking into account the "Price_for_pending_order" parameter) - MARKET_BUY or MARKET_SELL.
That's all,  I'll describe a few more additional parameters that may come in handy.
  • "Comment_position" - comment for a new position/order, can be any (does not affect anything).
  • "Allow_only_in_direction_open_positions" - if "true", it will allow you to open a position/order only in the direction of open positions (i.e. BUY or SELL). It's like insurance, so as not to accidentally open a trade in another direction.
  • "Delete_order_if_position_opened" - if "true", the pending order will be deleted if a position with the specified magic number somehow opens (for example, EA will open a position according to its logic, or another pending order with this magic number  will be trigger).
  • "Remove_utility_after_execution" - if "true", the utility will be removed from the chart after performing its function.   

Discuss the complexities of Forex trading here: chat "Age of Expert Advisors".


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HINN MAGIC ENTRY – the ultimate tool for entry and position management! Place orders by selecting a level directly on the chart! full description   ::  demo-version  :: 60-sec-video-description Key features: - Market, limit, and pending orders - Automatic lot size calculation - Automatic spread and commission accounting - Unlimited partitial take-profits  - Breakeven and trailing stop-loss and take-profit  functions - Invalidation leves - Intuitive, adaptive, and customizable interface - Works
The product will copy all telegram signal to MT5 ( which you are member) , also it can work as remote copier.  Easy to set up, copy order instant, can work with almost signal formats, image signal,  s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with  multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to s
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Copy trade signals from Telegram channels you already belong to (including private and restricted channels) directly into MetaTrader 5. Set your risk rules once, monitor execution, and manage positions with built-in protections designed to reduce mistakes and overtrading. Fast setup : configure your channels, select what to copy, and start within minutes using a clean on-chart interface. User Guide + Demo | MT4 Version | Discord Version Who this is for Traders who follow one or more signal provi
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Key Levels Market — Smart Supply & Demand Zone Finder Key Levels Market   is a robust technical indicator for MetaTrader 4, designed to automatically identify and plot key market interest zones. It pinpoints areas where the balance of power shifts between Bulls and Bears, saving you hours of manual chart analysis. After purchasing, please make sure to contact me via MQL5 private messages to receive the comprehensive manual and your bonus gift. Core Features: Automatic Zone Detection:   Instantly
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The utility places virtual (hidden from your broker) trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Discuss the complexities of Forex trading here:  chat "Age of Expert Advisors" . Parameters magic   - magic n
The utility places trailing stop, breakeven, stop loss and take profit.‌ It is necessary to allow automated trading in the terminal settings. In testing mode, the utility opens Buy or Sell positions on the first ticks, which allows you to visually observe the given logic, changing the utility parameters. In real mode, the utility does not open positions. Discuss the complexities of Forex trading here:  chat "Age of Expert Advisors" . Parameters magic   - magic number. If less than 0, positions w
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