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Stop close only orders

The script is intended for placing pending orders of the Stop Close Only type. This type of orders implies entering a long position if the price closes above a specified level, and opening a short position if the price closes below a level specified by the trader. Most often this type of orders is used for opening deals when the price exits a horizontal channel.

The settings of the script Stop Close Only allow placing directional and multidirectional orders with take profits and stop losses. The script includes the function of trailing the profit with a specified step as the price goes a specified number of points from the position open price. The levels of entering positions, stop losses and take profits can be moved on the price chart via mouse.

The script includes a money management system. The default risk value is 2% from the account equity. It means if the trader doesn't choose a lot size but lets the script do it, the script will automatically calculate the lot size on the basis of free margin on the account and the distance of the stop loss from the open price of the position. Thus the trader won't get a loss greater than 2% from the account balance. The trader can set a date and time of expiration of the script activation. 

The process of trading using Stop Close Only  is as follows:

Open the window of a necessary symbol and timeframe. Enable "AutoTrading" in МetaТrader 5. Start the scrip using a hot key or by dragging it onto the chart. Set the script parameters.

  • Trading BUY positions - 'true' allows long positions, 'false' - prohibits.
  • Trading SELL positions - 'true' allows short positions, 'false' - prohibits.
  • Fixed Lot, 0.0 - % of risk - if this parameter is set to 0.0, the lot size will be selected automatically on the basis of the risk value.
  • % risk from equity of account - risk value, the default value is 2% of the account equity. 
  • method of setting levels - the method of setting the levels. 0 - script, 1 - external lines. 0 value allows moving the levels via mouse.
  • Price SCO for Buy - set a specific price of the symbol for entering a long position in case of closing above the specified price.  
  • Price SCO for Sell - set a specific price of the symbol for entering a short position in case of closing below the specified price. 
  • Stop loss for BUY - level for placing stop losses for long positions.
  • Take profit for BUY - level for placing take profits for long positions.
  • Stop loss for SELL - level for placing stop losses for short positions.
  • Take profit for SELL - level for placing take profits for short positions.
  • true - cancel, false - Date and Time - setting a date and time of expiration of the script activation.
  • 2013.08.21 00:10 - format of the date and time of expiration of the script activation. 
  • pips for start of profit traling, 0 - no traling - number of points to start trailing the profit. The default value is 100.
  • step for traling profit -  step for trailing the profit. The default value is 20 points.
  • Magic - magic number, 1000 on default.
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NorthEastWay MT5
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PAVEL UDOVICHENKO
ONLY 7 COPIES OUT OF 10 LEFT AT $3419! After that, the price will be raised to $4274. My telegram channel:   https://t.me/new_signals My telegram contact:  https://t.me/paveludo My WeChat ID: PavelUdo NorthEastWay MT5  it is a fully automated “pullback” trading system, which is especially effective in trading on popular “ pullback ” currency pairs: AUDCAD, AUDNZD, NZDCAD. The system uses the main patterns of the Forex market in trading - the return of the price after a sharp movement in any d
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PipFinite Sequence EA MT5
PipFinite Sequence EA MT5
Karlo Wilson Vendiola
100% Auto EA Combining High Probability Trend Setups + Reversal Filter + Multi Timeframe Analysis. The EA uses a dynamic & adaptive grid strategy that always closes the basket of trades in a net positive profit. Sequence EA is not sensitive to spreads and slippages because exit targets are smartly adjusted to ideal levels. Real Account Monitoring Signal 1 https://www.mql5.com/en/signals/995610 Signal 2 https://www.mql5.com/en/signals/901171 User Manual + Settings + Private Telegram
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VR Smart Grid MT5
VR Smart Grid MT5
Vladimir Pastushak
VR Smart Grid is a multi-functional Expert Advisor for MetaTrader terminals that allows you to trade using an order grid. The Expert Advisor algorithm makes it possible to build smart grida both with the trend and against the trend. Signal of the Expert Advisor working on a real account Monitoring Trading with the trend is structured in such a way that each new order is opened only if the previous order has a Stop Loss in the profit zone. Trading against the trend is conducted in order to clos
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TrendLine GRID
TrendLine GRID
Evgenii Aksenov
Promo price: $150 !!! Final price: $795       User's Manual:   here           Live signals:     here            Our programs :  here            Subscribe to our  Telegram This is a grid EA based on the signals of the  Trend Line PRO mt5 indicator for hedge accounts Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces the most unpro
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Dsc Price Action EurUsd M5 Hedge Full
Dsc Price Action EurUsd M5 Hedge Full
Diogo Sawitzki Cansi
ONLY 10 COPIES AT $499! After that, the price will return to  $999 To run the backtest correctly, download the set's on our drive: https://drive.google.com/drive/folders/1yFz4tJbJwl71_T3YU7f8fqHBoq0aYMsi?usp=sharing The expert DSC PRICE ACTION EURUSD was created for the EURUSD asset in the M5 time under Hedge account. It´s a Expert to leverage the account quickly. It is a high hit rate and with that wen take advantahe of Forex leverage to multiply capital. To use the Expert correctly, type diogo
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AW Recovery EA MT5
AW Recovery EA MT5
Alexander Nechaev
Advisor is a system designed to restore unprofitable positions. Simple setup, delayed launch during drawdown, locking, disabling other expert advisors, averaging with trend filtering and partial closing of a losing position built into one tool. The system of automatic calculations will prepare the settings in a few clicks. The use of partial closing of losses allows you to reduce losses with a lower deposit load, which ensures a more secure work with losses, in contrast to the grid strategies o
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PipFinite Trend Grid EA MT5
PipFinite Trend Grid EA MT5
Karlo Wilson Vendiola
The Official "GRID EA" Using  PipFinite Trend PRO A Smart Trend Following EA Using Trend Pro Indicator Signals In A Unique Grid Strategy. Trend Grid EA takes the signal of Trend Pro Indicator on the first trade and builds succeeding trades as the move goes againt it. The innovative grid algorithm manages each position to ensure every basket is closed in a net positive profit. Real Account Monitoring Signal 1 using basic sets https://www.mql5.com/en/signals/995778 Signal 2 using basic se
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Kyoto MT5
Kyoto MT5
Ruben Octavio Gonzalez Aviles
Kyoto is a steady and dynamic algorithm with more than 98% profitable trades in a historical backtest. It usually opens multiple trades per week and closes them mostly within the same day.   Introductory offer: Only the next 3 copies of this EA will be sold at the current price.  The price will increase after this threshold. NO m artingale, smart recovery, grid trading or averaging in this algorithm.Be careful with such methods as they can quickly wipe out your portfolio. Recommended Bro
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Trend Line PRO EA mt5
Trend Line PRO EA mt5
Evgenii Aksenov
Promo price $199 !!! Final price $999 The Expert Advisor trades on the signals of the   Trend Line PRO   indicator:   download Orders are managed automatically. The EA has a Recovery function that increases the order size if the previous trade was closed with a loss. You can use from 1 to 3 orders at the same time. The Expert Advisor fully complies with the indicator signals and FIFO rules, does not use the grid function, which allows you to start trading with a minimum deposit of $100 Th
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GridMartin Conqueror MT5
GridMartin Conqueror MT5
Konstantin Kulikov
A copy of the " GridMartin Conqueror " Expert Advisor:  https://www.mql5.com/en/market/product/32758 The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download sets in comment   #5:  https://www.mql5.com/en/market/product/64329#!tab=comments&page=1&comment=22166007 Monitoring:  https://www.mql5.com/en/signals/author/test-standart   Telegram channel with news:   https://t.me/EAFXPRO   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Highligh
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Filter:
Marcel Bühler
1037
Marcel Bühler 2021.03.06 18:57 
 

For experienced traders.

[Deleted] 2019.01.14 07:47 
 

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