OpenOrder - Script for MetaTrader 4
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:
- Set the Stop Loss line (red);
- 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.