Multiple Orders Utility EA MT5
- Utilities
-
Opengates Success International
I am a financial trading software programmer with vast experience. I create expert advisor, indicator, scripts, utility ea and sell my products with good ratings. I am also a forex trader, trainer, account manager and consultant. I am the coordinator of Opengates Forex Academy. Search Youtube for - Version: 1.0
- Activations: 10
Multiple Orders Utility EA (MT5 VERSION)
Multiple Orders Utility MT5 was created to give easy profits-making trades with a little movements and without going for a long distance pips to get good profits.
USEFULNESS:
This Utility opens multiple orders as many trades as the number specified by the User or as many as permitted by your Broker in the same direction on the same currency pair simultaneously.
STRATEGY:
The idea behind it, is that instead of running after 100 - 200 pips which may not be attainable in the record time or may NOT even be realistic, the Trader can open multiple orders at the same time choosing a short distance as Take-profit target i. e, the Trader can open 5 orders or more and choose 20-25 as PROFIT TARGETS which shall be automatically applied to all the orders simultaneously. This is easy to attain than going for a long distance but yet achieve the same results in a very short time, for instance 25 pips in 5 places give you 125 pips with just 25 pips movements by the price.
As much as it is easy to use this Utility, it is also complicated in the sense that you must be sure of your market analysis and forward movements of the price before you enter trades because of small SL with exact small TP. This may cause high draw-down sot you must choose both SL and TP in Ratio 1:1 or 1:2. As a golden advice, you MUST as a matter of fact apply your Stop loss to avoid trouble - that is called discipline (it is not a good practice to trade without Stop-loss!).
To minimize the risk of this Utility, Breakeven is programmed into it with default setting in the sense that if it moves 10 pips above the Entry price, it will reduce all the Stop-loss to 5 pips behind the Entry price of all the orders. You can adjust all these settings to suit your own strategy.
PARAMETERS:
* Default lot size: 0.01 - You can change it.
* Order Number - For Orders Identification.
* Number of Instant Orders: 5 - You can change it
* Take profit: 30 - You can change it
* Stop loss: 20 - You can change it
* Breakeven: true - You can enable it if needed
* Stop Loss: 20 - You can change it
* Take Profit: 20 - You can change it
* Magic Number: 123 - You MUST change it if you are to open another set of order
* Apply Spread Caution - true, You can change it
* Maximum Allowed Spread - 5 pips
* Symbols List - Here you can input your desired currency pairs as many as you want.
* Prefix and Suffix - These are the one-letter identification attachment that brokers use to identify their symbols for the best reason known to them. This can be added at the front or at the back of each currency pair.
* Profit-Lock (Breakeven) - You can define it to your preference
* Price Distance Move to trigger profit lock up.
* Trailing Stop - To make the Stop-Loss trail the price as it moves further in positive for you
* On-chart Time-frames and Symbols arrangement parameters as you desire
* Chart Symbol Selection for operation - All open orders or chart symbol only
As you use this Utility with caution, experience the easiest way to make money in Forex market. Use a short time, short movements with multiple orders to hit it consistently!
*** NOTE: PLEASE PRACTICE VERY WELL ON DEMO WITH THIS UTILITY AND BE SURE TO HAVE GRABBED HOW TO USE IT EFFECTIVELY BEFORE COMMITTED IT TO REAL MONEY!
*** Multiple Orders MT4 can be found here: https://www.mql5.com/en/market/product/46016
Cheers as you reap easy green pips.
Thanks for your interest in our products.
