Limit Order Control - MetaTrader 4 Expert | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources

For limit order trading, this is a modest assistant.

What this means is that if you want to place two limit order prices on either side, you have to wait until one of them is activated before you can delete the second one. Don't waste time waiting at the computer for this assistant to be appointed.

First you set two limit orders and then place the advisor on the chart. As soon as one of them is activated, the second one will be automatically deleted, a notification will appear, and the consultant's work will stop. If you need to resume work, you need to place a limit order again and restart the Advisor (for example, open its settings without changing anything and click OK).

Optionally turn on comment settings so you know that Advisor is active (inactive). You can also set the Magic Number and then the Advisor will manage placing orders using only the specific magic number, leaving the rest untouched.

This is a framework for a proposal to create free indicators in this thread, as requested by user mishelbb.

Attachment download

📎 limit_orders_control.mq4 (3.53 KB)

Source: MQL5 #16933