Trade Designer script
Trade Designer is a script for opening positions at the points marked by the indicator of the same name. The script automatically determines the direction of the position, type, and size based on the signals of the indicator.
The order type is defined by the stop loss location relative to the open price. If the indicator does not run on the chart where the script is running, then no position will be opened. Please note that the value of the Unique Number must be in parallel with the value set in the indicator.
- MetaTrader 4 Build 600 or higher.
- The Trade Designer indicator must be running on a chart.
- Allow AutoTrading before running the script.
Slippage (default: 3) – when an order is placed, the ‘current’ price is not always available. This setting specifies the maximum distance from the expected order price (in points) which is still considered acceptable when opening and closing orders. The default value of 3 points is normally fine with most brokers.
ECN Broker (default: true) – this parameter defines whether your broker is an ECN broker or not. If you have no information about it, please ask your broker or leave the parameter TRUE.
Unique Number (default: 111111) – the script must assign a unique, non-zero number to the position being opened. In the future, it must manage only positions, the unique number of which is equal to the preset one.
Please watch the demo videos to understand this script and see how it works.
Download the demo version of the indicator: https://www.mql5.com/en/market/product/6678 (it works only on USDCAD pair).
- Rebuilt for MetaTrader 4 build 950
- You can add comment to order