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OpenOrder - Script for MetaTrader 4

OpenOrder
TypeScripts PlatformMT4 Version10 Date created20 January 2016 Date updated19 August 2017
Formatmq4 Size2.8Kb Downloads491 Rating
3.93 of 5
based on 14 rates

The script gives the trader the ability to set the permanent maximum loss for all trades. However, you can’t set a constant size of transactions, because it depends on too many factors. Before working with the script, you need to do the following:

  1. Set the Stop Loss line (red);
  2. Set the Take Profit line (green).

After these two simple steps, you can start trading using the following algorithm:

  • When the green line is higher, than the red line, open the transaction for purchase;
  • When the red line is higher, than green, open the deal for sale.

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