Market / MetaTrader 4 / Utilities /

Virtual OCO Pending

30 USD

Demo downloaded: 27

Published: 15 May 2020

Current version: 1.3

Virtual OCO Pending

Name: Virtual OCO Pending
Price: 30.00 USD
Rating: 5 (1 reviews)
Author: Kenneth Parling

Utilities
Kenneth Parling
Kenneth Parling
Sweden

31861
- https://metatech-algo-invest.webnode.se/
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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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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

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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 k

149 USD

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

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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 us

45 USD

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

45 USD

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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 sl

40 USD

Introduction VR MFI Expert M4 - Safe,stable and quite simple trading robot based on Money Flow index. Equipped with virtual (VR) take profit, orders always set with initial stop loss (ISL) in case a loss of connection between broker server and terminal occur to secure funds if a sudden market move arise in the wrong direction. Additionally, trailing stop available to secure position profits. How does it work? Any Forex major/minor (no metals or other) symbol can be traded after optimization and

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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

40 USD

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

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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

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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

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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

45 USD

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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!

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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.