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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
            89
            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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            Introduction Forex Martingale Multi M4 expert for Meta trader 4 is a martingale based algorithm equipped with trading signals based on the Relative Strenght Index overbought/oversold price model. Security is a must for a martingale algorithm in order to counter a completely wipeout in the best possile way, and of course this is included. It is important to point out and that the user understands that the use of martingale is not completely risk-free and should be taken very seriously as MetaTech
            United Rsi
            Kenneth Parling
            3.5 (2)
            Introduction United Rsi is an expert everyone should have in their arsenal, simple and easy to handle. From the name, you will surely understand that the expert works with the Relative Strength Index indicator, which constitutes a signal for trading in overbought and oversold price zones. Orders are placed with the usual take profit and stop loss. The characteristic features of the expert Presets ready to use on eurusd M5 No dangerous trading methods are used Works after optimization on the mo
            FREE
            Introduction Forex Martingale Multi Swap, the expert who focus on positive swap rates. This expert only trades in the direction of positive swaps in order to avoid negative charges and this in turn means that if the order were to be exposed to overnight swap interest fees, these will always be positive and you gain extra from this. The expert is of the multi-trade type and handles up to 28 Forex major/minor symbols at once from a single diagram, which makes it very efficient and easy to read. A
            VR Money Flow Free
            Kenneth Parling
            4.5 (2)
            Introduction Virtual Money Flow free - Lightweight free trading robot based on Money Flow index. Orders set with ISL and take profit is virtual. Equipped with trailing stop and limited money management. How to? Any account type,leverage and time frame Works only on currency pair   EURUSD, optimizations needed in regualar intervals You can start with as low as   $20-50   based on leverage   500 This is  not  a   scalper and trades can therefore be less frequent, be patient! Limited contract size
            FREE
            Know Your Symbols
            Kenneth Parling
            5 (1)
            Introduction Utility informer 'Know Your Symbols' quickly and easy let you know important information about your symbol. This utility covers any symbol i guess, attach it to one chart (time frame and symbol does not matter) and select what symbols you need information about and voila...Equipped with inputs for symbol prefix/suffix if they have such. Informs about; Current price Day high price Day low price Spread points Point size Money required for 1 lot Pip value in quote currency Swap for a b
            FREE
            Introduction The Fibonacci Level Professional indicator is a great tool for every day trading as a complement to other indicators for better confirmation of trade setups and where the market tends to move. This indicator is easy to setup and works on all currency pairs and time frames, M15-W1 is recommended. Purpose of this indicator is to show the Fibonacci levels on chart, the daily, upper & lower lines. As an additional function this indicator also draws the retrace and expansion lines to yo
            Multi Chart Refresh Mt4, is a fast, smoothly indispensable script that makes it possible to refresh several charts simultaneously from one and the same. Multitasking makes this possible as you can choose in advance which symbols you want to refresh. Meta trader 5 version If you prefer the mt5 version instead  https://www.mql5.com/en/market/product/28796 How does it work? Open up any chart, drag the script from the navigator and drop it on the chart. Set the desired symbols and click OK, done! N
            Plot History Mt4, 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 export analyzed data to csv. Meta
            H4 Trend
            Kenneth Parling
            5 (2)
            Introduction H4 Trend Forex trading robot - An easy to use and fully automated trading robot designed to trade the H4 chart to catch trend movements. Buy/sell signals generated by crossing moving average indicator. Orders always use virtual stop loss,take profit and trailing stop plus a following hard stop just in case a loss of sever connection occur to secure funds. Characteristic features No dangerous techniques such as martingale, hedging or any other Low draw down Safe stable trading Easy
            Simple RSI Unlimited
            Kenneth Parling
            5 (1)
            Introduction Expert 'Simple RSi Unlimited' - Simple? yes! Suits both the novice trader as the professional and all in between. Entry signals by well known and popular Relative Strength Index. Equipped with trailing stop and break even to secure position profits. No dangerous trading techniques used and this expert never interfere with other experts you may run on the same account. Default expert presets Works on any time frame and most common Forex symbols, tested only on EURUSD. You must make
            Endurance M4
            Kenneth Parling
            Introduction MetaTech Algo Invest present to you, our cutting-edge flagship Endurance M4 - Revolutionary stable and reliable expert advisor with our triple module adaptive martingale system technology. Trading signals are generated using a model with overbought and oversold market prices. Proven stable trading history of approximately 40 months with a profit factor above 1.9. Endurance M4 uses, among other things,a 3-step safety system to provide a stable and smooth trading as possible. Please
            Randomizer MT4
            Kenneth Parling
            5 (1)
            Introduction Expert Randomizer for Meta Trader 4 - Trading robot based on pure randomness. No indicators, nothing at all - only pure randomness will open a trade, either a buy or a sell. So, ask your self - Is it your lucky day or not? you can never really know. It's like walking into a casino placing your bet on either black or red. You could be extremely lucky and make some really good profits or....very very unlucky and loose. Don't cry if you loose, you've been warned! Randomizer does not u
            Introduction Forex Martingale M4 expert is exactly what the name says, a martingale system that you can use on any Forex major/minor symbol. What differs from many other products is that you yourself determine its settings and the risks you are willing to take, in other words you get to set/optimize the desired settings to your own advantage. However, the expert presets that it comes with are no guarantee that these will work on all intended Forex major/minor symbols. The expert is equipped wit
            Introduction Virtual TPSL Close M4 order management utility tool (expert adviser) manage your existing open positions made by another expert adviser you use or your manual opened orders and closes them with virtual take profit and stop loss levels. Adviser operates in complete virtual mode, no visual levels present more than a colored arrow object drawn when the monitored position been closed whether it's in profit or loss to mark it's closing position on chart if one open and present with the u
            Introduction The Mighty Alligator - a trend-following indicator following the premise that financial markets and individual securities trend just 15% to 30% of the time while grinding through sideways ranges the other 70% to 85% of the time. The Mighty Alligator indicator uses three smoothed moving averages, set at five, eight and 13 periods, which are all Fibonacci numbers. The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that s
            Plot History Mt5, 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 export analyzed data to csv. Adva
            Multi Chart Refresh Mt5, is a fast, smoothly indispensable script that makes it possible to refresh several charts simultaneously from one and the same. Multitasking makes this possible as you can choose in advance which symbols you want to refresh. How does it work? Open up any chart, drag the script from the navigator and drop it on the chart. Set the desired symbols and click OK, done! Note that this is a script and no expert advisor, the program removes itself from the chart when the task i
            A common sense approach to price observation Buy when prices are going higher and sell when prices are going lower The above statement of buying when prices are going higher or selling when prices are going lower may be too broad and therefore it may need some guidelines and rules, this is where   The 3 Duck’s   comes into play.  Price Average Mt5 indicator will help you identify buying opportunities in the direction of the last uptrend and selling opportunities in the direction of the last down
            ROC Price Histogram Alert is a momentum-based technical indicator that measures the percentage change in   price   between the current   price   and the   price   a certain number of periods ago. ROC is plotted with a histogram against zero, with the indicator moving upwards into positive territory if price changes are to the upside, and moving into negative territory if price changes are to the downside. The main step in calculating the ROC period, is the 'calculated period' input setting. Shor
            Introduction Forex Martingale M5 expert is exactly what the name says, a martingale system that you can use on any Forex major/minor symbol. What differs from many other products is that you yourself determine its settings and the risks you are willing to take, in other words you get to set/optimize the desired settings to your own advantage. However, the expert presets that it comes with are no guarantee that these will work on all intended Forex major/minor symbols. The expert is equipped wit
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            Gregg Housh
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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!

            Kenneth Parling
            27092
            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