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SendPendingOrder - Script for MetaTrader 4

SendPendingOrder
TypeScripts PlatformMT4 Version10 Date created27 April 2016 Date updated19 August 2017
Formatmq4 Size21.2Kb Downloads256 Rating
3.69 of 5
based on 13 rates

The script for MT4 platform, which helps to set pending orders. When you run the script on the chart, four lines appeare:

  • White - opening price;
  • Red - StopLoss level;
  • Green - TakeProfit level;
  • Yellow - end of the order.

The order type is selected depending on the location of the white and red lines:

  • If the white line is higher than the red line and higher than the Bid price, set the BUY STOP order;
  • If the white line is below the red line, but above the Bid price, set the SELL LIMIT order;
  • If the white line is higher than the red line, but below the Ask price, set the BUY LIMIT order;
  • If the white line is below the red line and the Ask price, set the SELL STOP order.

Green and yellow lines are optional.

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