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Order Management Script Tool

FREE

Published: 8 January 2021

Current version: 4.2

Order Management Script Tool

Name: Order Management Script Tool
Rating: 5 (1 reviews)
Author: Christianiel Robles Faustino

Utilities
Christianiel Robles Faustino
Christianiel Robles Faustino
Philippines

4350
4.5 (4)
- https://beatthemarketmakerstrategy.wordpress.com/
11 products
Version: 4.2
Updated: 7 September 2024

Order Management Script is a risk-management and trade-execution utility for MetaTrader 4 that automatically calculates position size and trade parameters based on your predefined risk.

Key Features

Risk-Based Lot Size: Fixed monetary risk or % of equity.
Entry Methods: Candle Price, Fibonacci 23.6% / 38.2% / 50%, Moving Average, Market Execution.
Stop Loss: Aggressive, Recent High/Low, Fixed, Manual, Min/Max limits.
Take Profit: RR 1:1–1:5, EMA 50/200/800, or fixed pips.
Spread Protection: Prevents trades when spread exceeds your limit.
Pending Order Expiration: Automatically expires outdated setups.
Buy & Sell: Supports both trade directions.
RR Validation: Helps ensure setups meet your required risk-to-reward ratio.

Designed to simplify trade execution while maintaining consistent, predefined risk management.

Important: This utility does not generate guaranteed profitable signals or results. Always verify trade parameters and broker requirements before placing an order.

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Screenshot #1 Order Management Script Tool

Screenshot #2 Order Management Script Tool

Screenshot #3 Order Management Script Tool

Moonbreaker 2023.01.20 14:21 #

A very handy order management script if you use the BTMM (beat the market maker) methodology.

A simple and convenient utility for closing orders. It can close both all orders together as well as buy, sell or pending orders separately. Has an intuitive graphical interface. MT5 version of the utility - https://www.mql5.com/en/market/product/78599 If you like this utility, take a look at my other products - https://www.mql5.com/en/users/nina_yermolenko/seller

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30 USD

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Moonbreaker 2023.01.20 14:21 #

A very handy order management script if you use the BTMM (beat the market maker) methodology.

4350

Reply from developer Christianiel Robles Faustino 2024.09.01 10:32 #

Thank you! Here are the other tools that you can try using the BTMM strategy. https://www.mql5.com/en/market/product/69223 - Trading Manager
https://www.mql5.com/en/market/product/74089 - Moving Average Alert for multiple charts