BRiCK TradeByArrow MT4 Free

* The product for MT5 converted using "BRiCK TradeByArrow MT4" is here.

BRiCK is a simple and versatile utility. 
By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized.

"TradeByArrow" is Utility that executes order processing when an arrow object is created on the chart.
Combined with Indicator which outputs arrow object, it can be used like Expert.


Parameter

[ArrowName]

  • EntryBuy: Arrow object name for buy order (partial match)
  • EntrySell: Arrow object name for sell order (partial match)
  • Exit: Arrow object name for close order (partial match)

[Trade]

  • Lot: Volume to trade
  • Sllipage: Sllipage to trade
  • StopLoss: Loss margin based on acquisition price
  • TakeProfit: Profit margin based on acquisition price
  • MagicNumber: Magic number (Order identification number)


Procedure

1. Open the chart to be traded.

2. Insert the utility "TradeByArrow" on the open chart.

3. Insert the indicator that outputs the arrow object into the same chart.

4. When the graphical object specified by ArrowName is created on the chart, the following processing is executed.

  • When position does not exist
    - EntryBuy: Execute buy order
    - EntrySell: Execute sell order
    - Exit: Do nothing

  • When buy position exist
    - EntryBuy: Do nothing
    - EntrySell: Close the buying position, execute the selling order
    - Exit: Close purchase position

  • When sell position exist
    - EntryBuy: After closing selling position, execute buy order
    - EntrySell: Do nothing
    - Exit: Close the selling position


Confirmation

- The free version can not be used in a real account.

- All arrow names must be different names.

- The method of judging the arrow name is partial match.

- All orders will be executed in a market order.

- Arrow object to be an execution trigger.

IDDescription
 OBJ_ARROW_THUMB_UP Thumbs Up
 OBJ_ARROW_THUMB_DOWN Thumbs Down
 OBJ_ARROW_UP Arrow Up
 OBJ_ARROW_DOWN Arrow Down
 OBJ_ARROW_STOP Stop Sign
 OBJ_ARROW_CHECK Check Sign
 OBJ_ARROW_LEFT_PRICE Left Price Label
 OBJ_ARROW_RIGHT_PRICE Right Price Label
 OBJ_ARROW_BUY Buy Sign
 OBJ_ARROW_SELL Sell Sign
 OBJ_ARROW Arrow


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Prop Guardian Risk Manager MT4 – Drawdown, Risk & Hedge Protection for Prop Firm and Managed Accounts Prop Guardian Risk Manager is a professional risk-control utility for MetaTrader 4, designed for prop firm traders, money managers and anyone who wants strict account-level risk protection. It does not generate trading signals, strategy entries or trading decisions. Instead, it runs in the background, monitors your account risk and can automatically block new exposure, close managed trades or ac
Grid Manual MT4
Alfiya Fazylova
4.71 (17)
Utilities
Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the Grid manual will automatically create a grid of orders for it and will accompany it until the close. Ful
Vyl Trade Manager
Murat Kaisariyev
Utilities
# Vyl Trade Manager — Full Documentation ## Short Description (for the Market product card) Vyl Trade Manager is a professional trading panel for MetaTrader 4 that automates risk-based position-size calculation and gives you instant access to all the trade-management tools you need. Forget manual calculations and complex formulas — one click to open a trade with the correct lot size, instant move-to-breakeven, partial profit-taking, and Stop Loss/Take Profit management right from the chart
Copier4Free
Vladimir Tkach
Utilities
The utility copies trades from the signal provider accounts (master accounts, one or multiple providers) to unlimited number of receiver accounts (slave accounts). The provider is defined by the 'provider' parameter (any combination of numbers and letters). For example, there are two providers. Run the utility in master mode on them, and set different values to the provider parameter. On the account designated for copying these signals, run two utilities in slave mode in different windows, setti
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Yutaka Yokouchi
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* This product was converted using  "BRiCK Convert4To5 MT4 "  based on the MQL4 source file of  "BRiCK Convert4To5 MT4 Free" . "Convert4To5" is a Script that converts MQL4 source files into MQL5 source files. Experts, Indicators, Scripts, and Libraries with extension ".mq4" will be available for MT5. Parameter None. Procedure 1. Open the following folder.     terminal_data_folder\MQL4\Files\ (in the terminal menu select to view "File" - "Open the data directory") 2. Confirm that the BRiCK_Conv
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* Based on this product   "BRiCK Convert4To5 MT5 Free"   was created. "Convert4To5" is a Script that converts MQL4 source files into MQL5 source files. Experts, Indicators, Scripts, and Libraries with extension ".mq4" will be available for MT5. Parameter None. Procedure 1. Open the following folder.     terminal_data_folder\MQL4\Files\ (in the terminal menu select to view "File" - "Open the data directory") 2. Confirm that the BRiCK_Convert4To5 folder exists.     If it does not exist, insert
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* This product was converted using  "BRiCK Convert4To5 MT 5 "  based on the MQL4 source file of  "BRiCK TradeByArrow MT4 Free" . BRiCK is a simple and versatile utility.   By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized. "TradeByArrow" is Utility that executes order processing when an arrow object is created on the chart. Combined with Indicator which outputs arrow object, it can be used like Expert. Parameter [ArrowName] EntryBuy: A
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BRiCK BetByTrade MT4 Free
Yutaka Yokouchi
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BRiCK is a simple and versatile Utility.  By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized. "BetByTrade" is a utility to automatically add / close positions when trading. If you open the position in the trade pool, if the calculation result of the betting method exceeds the initial lot, the utility will order additional. If you close the position in the trade pool, if the position that was additionally ordered by the utility remains, it w
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