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Virtual OCO Pending

5

Introduction

'Virtual OCO Pending' - a semi automatic order management utility tool (expert adviser) with risk assessment which let's you quickly place pending stops or limits with a button click at current price with virtual take profit and stop loss using OCO pending rule (One Cancel Other). Visual levels drawn on chart for easy visual confirmation. You can use this utility from one single chart to send orders on any other symbol you want, no need to attach it to the corresponding chart (optional) as you specify in menu setting what symbol you want to place the orders on.

Visual virtual levels

These are drawn only on the current open chart utility attached to and has to match the setting 'Traded symbol', in other words - if you have set 'EURUSD" and attach utility to chart EURUSD these levels are visual else not.

Strategy tester

When you run this utility in strategy tester it open orders randomly to demonstrate it's purpose

Utility advantages

  • Dynamic risk assessment or fixed lots
  • Dynamic (ATR) or fixed take profit and stop loss levels
  • Possibility to turn virtual order management off - Warning,this mode does set nor monitor any virtual stop loss or take profit
  • Order control panel with quick send/clear/delete buttons

Utility menu settings

  • Distance - Pending stops/limits distance from price in pips
  • Disabled levels - This mode turns off virtual management - no virtual stop loss/take profit will be set nor monitored
  • Fixed levels - Fixed take profit and stop loss levels in pips
  • ATR levels - Dynamic (ATR) take profit and stop loss multiply factors
  • General settings - Traded symbol,prefix,suffix,take profit/stop loss level types,pending order types,level objects style,magic number and slippage
  • Risk assessment - Trade using dynamic position size risk percent or by fixed lots
        In general how to Purchase/install/update a market Product




            Reviews 1
            Gregg Housh
            76
            Gregg Housh 2020.08.28 06:12 
             

            This does exactly what it is supposed to. It puts up OCO pending orders and manages virtual stop loss and take profits. It works great. I use it every day now!

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            Companion
            Francesco Lenza
            5 (1)
            Disciplina disciplina, quante volte hai sentito dire che e' la chiave del successo nel trading Tutto vero... ma facile a dirsi , difficile a farsi; sopratutto se sei il tipico trader che usa le lot size in maniera errata o peggio ancora si dimentica totalmente di inserire lo stop loss... Zerodrawdown.com ti viene incontro con Companion un expert advisor per mt4 che: inserisce automaticamente dopo un tempo configurabile dall'apertura della posizione lo stop loss in tutti quei trade dove:ti s
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            TradePanel MT4
            Alfiya Fazylova
            5 (30)
            Trade Panel is a multifunctional trading assistant that will help you make deals quickly and conveniently and manage orders competently. You do not need to calculate the risk before each trade, the utility will calculate everything by itself. You simply specify the risk percentage once, and the utility will apply this risk for each deal, selecting the optimal lot for each deal. You do not need to wait for certain events, such as breaking through levels or reaching a given time. Just install the
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            MT4 to Discord
            Trinh Dat
            4 (5)
            The Expert Advisor will send notifications via Discord when orders are opened/modified/closed on your MetaTrader 4 account. - Send message and screenshot to Discord group/channel.  - Easy to customize message.  - Support custom message for all languages - Support full Emoji.  Parameters - Discord url Webhook - create webhook on your Discord channel. - Magic number filter - default all, or input magic number to notify with comma, like: 111,222,333. - Symbol filter - default all, or input sym
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            Introduction SITA Invest History Deal Plotter, an indispensable script for the trader that analyzes the trading history of your trading terminal and account performed by expert advisors. The analysis method is based on the symbol diagram on which the script is run as well as the magic number, a specific or a complete analysis of all magic's used by one or more experts. The script analyzes trade data and can plot these on the chart, print out detailed trade information in the expert log and expo
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            Filter:
            Gregg Housh
            76
            Gregg Housh 2020.08.28 06:12 
             

            This does exactly what it is supposed to. It puts up OCO pending orders and manages virtual stop loss and take profits. It works great. I use it every day now!

            Kenneth Parling
            23511
            Reply from developer Kenneth Parling 2021.10.17 17:20
            Thank you so much for your rating and review, appreciated! Wishing you all the best.
            Reply to review
            Version 1.3 2021.05.10
            This version;
            1. Product logo change
            Version 1.2 2020.08.29
            This version;
            1: As per user request an option 'Disabled' added to completely turn virtual order management off. This mode will not monitor stop loss or take profit.
            Version 1.1 2020.08.15
            This version;
            1: A tiny pointer bug fix