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Virtual pending sell stop order

The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.

Main Purposes:

  1. Automation of the process of placing the Sell Stop pending orders, Stop Losses and Take Profits on user-specified levels in case a brokerage company prohibits placing such orders closer than 'n' points from the current price.
  2. Avoiding unwanted triggering of Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price.
  3. 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 short 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 above the STOPLOSS level, not when it just hits this level. Take Profit is not virtual, it is actually placed.

Script Settings:

  • LOT - lot size, 0.1 on default.
  • DEVIATION - price deviation, 10 on default.
  • LEVEL - trigger level for the virtual "waiting" Buy Stop order in units of the price chart. 1.10 on default.
  • STOPLOSS - Stop Loss level in units of the price chart. 1.00 on default.
  • TAKEPROFIT - Take Profit level in units of the price chart. 1.30 on default.
  • NEWCHECK - restriction on setting a stop after restart (allows setting/modifying a Stop Loss after entering a position). False on 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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This super Expert Advisor has earned more than 565% of real profit, which is confirmed by a   Real signal   and continues to consistently bring profit for me and its buyers! We have kept the price low and have been improving TL GRID EA f or a very long time   Today, we have 3 copies left at the price of $199 !!! Next price $249     User's Manual:   here           Live signals:     here          Our programs :  here            Subscribe to our  Telegram This is a grid
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Hippo Trader Pro MT5
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Michela Russo
30% discount only today (299 -> 199) Hippo Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian and European Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Another EA ! (All future updates included) -> To Recei
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EurUsd Trend Hunter
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Salvatore Caligiuri
Live monitoring:  click here  - download signals set file:  click here  - Signals are running on: Roboforex ECN account and MQL5 Vps 3 copies of 5 left at actual price - Next: 400$ For next 2 buyers extra gift:    PULL IT BACK Indicator and trading system: click here For info mail at info@qfxteam.com 1. NECESSARY:  DOWNLOAD ANGLECALCULATOR INDICATOR AND COPY IT IN YOUR MQL5/INDICATORS FOLDER --->   click here to download 2. NECESSARY:  ACTIVATE THE ANGLECALCULATOR INDICATOR FRO
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GridMartin Conqueror MT5
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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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Euro Master MT5
Euro Master MT5
Stanislav Tomilov
Price: $499 3 of 10 copies left at this price Next price $599 Recommended Broker Live signal #1  https://www.mql5.com/en/signals/866039 Live signal #2   https://www.mql5.com/en/signals/966734 Telegram channel:  https://t.me/aura_gold_ea 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 ele
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PipFinite EA Trend PRO MT5
PipFinite EA Trend PRO MT5
Karlo Wilson Vendiola
The Official Automated Version of the Powerful Indicator PipFinite Trend PRO EA Trend PRO trades the signal of PipFinite Trend PRO and manages the trade depending on the user's preference. The EA includes many customizable features that can further enhance the Trend PRO trading strategy. Features like Entry and Exit Filters, Higher Timeframe Filter, Stoploss, Takeprofit, Breakeven, Trailing Stop, News Filter and MORE! The Innovative Solution EA Trend PRO was created to make your trading
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Advanced Hedge
Advanced Hedge
Ho Tuan Thang
ONLY 3 COPIES OUT OF 10 LEFT AT $249! After that, the price will be raised to $349. LIVE Signals:   https://www.mql5.com/en/signals/1011582 LIVE Signals Mt4:  https://www.mql5.com/en/signals/1042621 Join our MQL5 Group Chat  to know when EA will be sale and actions:  https://www.mql5.com/en/messages/01443A3BA25ED701 Adavanced Hedge MT5  is an EA that work with hedge strategy .  It can trade Crypto, Forex pairs, Metals, Indice but need your optimize . Fully automatic adviser, with a system for re
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EA Izitrade Pro
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Maksim Zaiarnyi
I am glad to welcome you to the IZITRADE Pro Expert Advisor page. The Expert Advisor trades on the EURUSD, GBPUSD, USDCAD, AUDUSD and other currency pairs with a small spread on the 5m timeframe. The Expert Advisor can work with any amount of funds, but I recommend having a reserve of 2000 USD per currency pair. Stochastic and MACD indicators are used to find market entry points. On the panel and settings of the robot, you can choose the direction of trading (only Buy, or only Sell). Link to th
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The indicator looks for the "Fifth dimension" trade signals and marks them on the chart. A detailed description of the chart patterns that generate the trade signals can be found in Chapter 8 "The Balance Line Trades" in the book Williams' "New Trading Dimensions". Signal levels with indication of the position entry or stop loss placement price are indicated directly on the chart. This feature creates additional convenience for the trader when placing pending orders. A solid horizontal line is d
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Version 1.4 2017.08.24
Added the function to write log entries about reasons of the script completion and positions control.