Market / MetaTrader 4 / Utilities /

Virtual OCO Pending

40 USD

Demo downloaded: 22

Published: 15 May 2020

Current version: 1.3

Virtual OCO Pending

Item: Virtual OCO Pending
Rating: 5
Author: Gregg Housh

Utilities
Kenneth Parling
Version: 1.3
Updated: 10 May 2021
Activations: 7

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

https://www.mql5.com/en/articles/498

more...

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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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!

28468

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.

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