BRiCK TradeByArrow MT4 Free

* The product for MT5 converted using "BRiCK TradeByArrow MT4" is here.

BRiCK is a simple and versatile utility. 
By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized.

"TradeByArrow" is Utility that executes order processing when an arrow object is created on the chart.
Combined with Indicator which outputs arrow object, it can be used like Expert.


Parameter

[ArrowName]

  • EntryBuy: Arrow object name for buy order (partial match)
  • EntrySell: Arrow object name for sell order (partial match)
  • Exit: Arrow object name for close order (partial match)

[Trade]

  • Lot: Volume to trade
  • Sllipage: Sllipage to trade
  • StopLoss: Loss margin based on acquisition price
  • TakeProfit: Profit margin based on acquisition price
  • MagicNumber: Magic number (Order identification number)


Procedure

1. Open the chart to be traded.

2. Insert the utility "TradeByArrow" on the open chart.

3. Insert the indicator that outputs the arrow object into the same chart.

4. When the graphical object specified by ArrowName is created on the chart, the following processing is executed.

  • When position does not exist
    - EntryBuy: Execute buy order
    - EntrySell: Execute sell order
    - Exit: Do nothing

  • When buy position exist
    - EntryBuy: Do nothing
    - EntrySell: Close the buying position, execute the selling order
    - Exit: Close purchase position

  • When sell position exist
    - EntryBuy: After closing selling position, execute buy order
    - EntrySell: Do nothing
    - Exit: Close the selling position


Confirmation

- The free version can not be used in a real account.

- All arrow names must be different names.

- The method of judging the arrow name is partial match.

- All orders will be executed in a market order.

- Arrow object to be an execution trigger.

IDDescription
 OBJ_ARROW_THUMB_UP Thumbs Up
 OBJ_ARROW_THUMB_DOWN Thumbs Down
 OBJ_ARROW_UP Arrow Up
 OBJ_ARROW_DOWN Arrow Down
 OBJ_ARROW_STOP Stop Sign
 OBJ_ARROW_CHECK Check Sign
 OBJ_ARROW_LEFT_PRICE Left Price Label
 OBJ_ARROW_RIGHT_PRICE Right Price Label
 OBJ_ARROW_BUY Buy Sign
 OBJ_ARROW_SELL Sell Sign
 OBJ_ARROW Arrow


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EchoTrade Telegram to MT5 Copier Seamless, Instant, and Reliable Signal Copying - Direct from Telegram to MetaTrader 4! The product does not run in the strategy tester but you can get free trial version   here  for testing before purchase. Tired of manually executing trades from Telegram signals? EchoTrade automates the process, instantly copying trades from any Telegram channel or group directly into your MT5 account—accurately, efficiently, and without delay. Key Features: Universal Compatib
ManHedger MT4
Peter Mueller
5 (2)
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before   BUYING  and watch my video about it. Contact me for user support or bug reports, or if you want the MT5 version! MT5 Version I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easil
Equity Protect Pro: Il tuo esperto di protezione del conto completo per un trading senza preoccupazioni Se stai cercando funzionalità come protezione del conto, protezione del capitale proprio, protezione del portafoglio, protezione multi-strategia, protezione dei profitti, raccolta dei profitti, sicurezza del trading, programmi di controllo del rischio, controllo automatico del rischio, liquidazione automatica, liquidazione condizionale, liquidazione programmata, liquidazione dinamica, trailin
Speciale Trading – SCONTO DEL 40% Advanced Trade Manager – La soluzione completa definitiva per un trading manuale più veloce, intelligente e sicuro. Trasforma il tuo trading manuale con NextGen Trade Manager AI, il pannello professionale su grafico che combina esecuzione istantanea, pianificazione visiva delle operazioni e una potente gestione del rischio in un unico strumento intuitivo. Esegui ordini, gestisci il rischio e proteggi i profitti più velocemente che mai, il tutto senza uscire d
Automate Risk Management with Smart Trailing Stop Manager for MetaTrader 4 Looking for MetaTrader 5 version? I t is available separately in the Market:   Smart Trailing Stop Manager MT5 Full User Guide    –  Public channel:   CLICK HERE Struggling with manually adjusting stops and securing profits? Smart Trailing Stop Manager MT4 is an intelligent utility for MetaTrader 4 that automates trailing stops, break-even management, partial closes, and auto SL. Optimized specifically for MT4 users, it e
Easy Order PRO MT4
Yoshiki Takeuchi
3.86 (7)
Questo è per MT4. Fare riferimento al seguente sito per le versioni MT5. ・MT5    https://www.mql5.com/ja/market/product/72114 Panoramica Basta spostare le linee, il lotto viene calcolato automaticamente compilando l'importo del taglio delle perdite. È possibile calcolare le seguenti otto valute (USD, EUR, GBP, JPY, AUD, NZD, CHF, NZD) È possibile selezionare un importo fisso o un rapporto di saldo. Calcola i premi di rischio. L'ordine di mercato, l'ordine limite e l'ordine stop vengono applicat
This is a simple and very effective utility for closing orders with one click. You will need it if you have a number of open orders on your balance and it takes too long to close them manually, which might lead to an extra loss of money on the account. The utility consists of an external panel with two buttons " Close by Filter"   and " Close ALL" , which is convenient to move around the graph. You can set the Close ALL utility so that orders are closed as soon as the specified profit or loss v
Altri dall’autore
* Based on this product   "BRiCK Convert4To5 MT5 Free"   was created. "Convert4To5" is a Script that converts MQL4 source files into MQL5 source files. Experts, Indicators, Scripts, and Libraries with extension ".mq4" will be available for MT5. Parameter None. Procedure 1. Open the following folder.     terminal_data_folder\MQL4\Files\ (in the terminal menu select to view "File" - "Open the data directory") 2. Confirm that the BRiCK_Convert4To5 folder exists.     If it does not exist, insert
FREE
* This product was converted using  "BRiCK Convert4To5 MT4 "  based on the MQL4 source file of  "BRiCK Convert4To5 MT4 Free" . "Convert4To5" is a Script that converts MQL4 source files into MQL5 source files. Experts, Indicators, Scripts, and Libraries with extension ".mq4" will be available for MT5. Parameter None. Procedure 1. Open the following folder.     terminal_data_folder\MQL4\Files\ (in the terminal menu select to view "File" - "Open the data directory") 2. Confirm that the BRiCK_Conv
FREE
* This product was converted using  "BRiCK Convert4To5 MT 5 "  based on the MQL4 source file of  "BRiCK TradeByArrow MT4 Free" . BRiCK is a simple and versatile utility.   By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized. "TradeByArrow" is Utility that executes order processing when an arrow object is created on the chart. Combined with Indicator which outputs arrow object, it can be used like Expert. Parameter [ArrowName] EntryBuy: A
FREE
BRiCK is a simple and versatile Utility.  By combining Experts, Indicators and utilities like the Lego block, various trading styles can be realized. "BetByTrade" is a utility to automatically add / close positions when trading. If you open the position in the trade pool, if the calculation result of the betting method exceeds the initial lot, the utility will order additional. If you close the position in the trade pool, if the position that was additionally ordered by the utility remains, it w
FREE
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