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Virtual pending buy stop order

The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.


Main Purposes

  1. Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center.
  2. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price.
  3. Setting a necessary virtual order and entering the market in case the dealing center has prohibited placing orders closer than 'n' points from the current price.
  4. Setting Take Profit levels.

The goals are reached by the following means. The script doesn't place a real pending order for buying. It places a market order once the Bid price reaches the level specified by the trader. Thus, brokers can widen the spread as much as they want. You will be safe and you'll enter a long position as the price reaches a really significant level. In addition, the script includes the so called "tracking" Stop Loss that will close an unprofitable position only when the price closes below the STOPLOSS level, not when it just hits this level. Take Profit is not virtual, it is actually placed.


Script Settings

  • Lot size - lot size, 0.1 by default.
  • Price deviation - price deviation, 10 by default.
  • Trigger level in price chart units - the trigger level for the virtual "waiting" Buy Stop order in units of the price chart. 1.10 by default.
  • Stop Loss in price chart units - the Stop Loss level in units of the price chart. 1.00 by default.
  • Take Profit in price chart units - the Take Profit level in units of the price chart. 1.30 by default.
  • Restriction on setting a stop after restart - a restriction on setting a stop after restart (allows setting/modifying the Stop Loss after entering a position). False by default.

The specified level for entering a position, the Stop Loss and Take Profit levels are marked with lines of different colors on the chart.

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45 USD
Good Monday MT5
Konstantin Kulikov
ONLY 5/10 COPIES AVAILABLE AT 109$ NEXT PRICE -> 197$ The expert trades at the opening of the market after the weekend, focusing on the price gap ( GAP ). Already developed sets are in the comments. At the same time, various options are available in the expert settings, allowing you to create your own unique sets yourself.  All parameters are described in the blog: https://www.mql5.com/en/blogs/post/737064  . Last sets in comment #13 . The expert works on any timeframe equally well, as it autom
109 USD
Euro Master MT5
Stanislav Tomilov
Price: $499 7 of 10 copies left at this price Next price $599 Live signal  https://www.mql5.com/en/signals/866039 HIGLY RECOMMENDED BROKER FOR EUROMASTER Euro Master is an advanced, fully automated Expert developed to trade with EURUSD. Expert uses unique artificial intelligence technology for market analysis to find the best entry points. EA contains self-adaptive market algorithm with reinforcement learning elements. Reinforcement machine learning differs from supervised learning in a way tha
499 USD
Sea Turtle Scalper Pro MT5
Michela Russo
Super   Black Friday   Discount   Only Today, 50% OFF! Sea Turtle Scalper Pro MT5 is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend system.   Backtest Now! This Expert advisor not use  arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by   StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Scorpion Crazy Pro MT5 ! (All future
149 USD
Moriarty MT5
Liudmila Pakhomova
Moriarty is fully automatic advisor based on Scalping, but also uses Martingale strategy.  This advisor does not depend on timeframes and uses heuristic algorithms for opening/closing orders. It can work on several currency pairs simultaneously. The best results were achieved on the Hedged accounts. Usage Run the advisor on a chart. Parameters Moriarty Take profit in pips: minimal number of pips that is required to close order with profit Lots: size of lot Step: martingale step Martingale: m
50 USD
Multi Strategist
Julian Jäger
Forum News 24 August  How to upgrade own setfile to V4.401:  1) Load blank.set file. 2) Load your set file. 3) save your now updated setfile. News 25 May, 2020 New fundraising campaign. A donation of 50 EUR for each purchase between today and the end of 31 May 2020 will go to Aktion-Deutschland-Hilft project "Emergency assistance worldwide". Proof of donation can be provided. News 21 April, 2020 New fundraising campaign. A donation of $100 for each purchase made between today and the end of A
279 USD
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ark495
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ark495 2017.05.19 08:40 
 

Does not work on MT5.

[Deleted] 2017.07.05 21:46 
 

User didn't leave any comment to the rating

AHMED SHAKIR
35
AHMED SHAKIR 2019.09.15 01:06 
 

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Version 1.4 2017.08.31
Added option of journal messages regarding reasons of scripts work completion and positions control.