Real-time price limit - MetaTrader 4 script | Scalping EA download - MT4/MT5 resources - MetaTrader 5 resources
Many of you may have encountered a situation where the market requires instant decision-making (especially spreads and scalping), but the process of calculating acceptable risk and then setting corresponding stop loss and take profit takes a lot of time. For these people, the problem can be solved by assigning this script to a hotkey. When launched, the script finds a line with a special label (named "GO!") on the chart and opens a limit order at the line level (if the line is above the price - buy limit order, if below - sell limit order). Lot size (Lots variable), stop loss maximum loss (MoneyRisk variable, in deposit currency) and profit-loss ratio (ProfitLoss variable, used as the basis for take profit) are set in the script settings. Based on the variable values, the script automatically calculates the stop loss and take profit values of the current instrument and opens the order.
Script installation:
The script is ready to use - now you can instantly open a limit order by moving the line and pressing the hotkey combination. If you want to use the functionality of using hotkeys to open orders with different batches and risk values - save script variants with different variable values under different names and set a hotkey for each variant.
Attachment download
📎 live-limit-ctrlA.mq4 (3.07 KB)
Source: MQL5 #8697
Real-time price limit - MetaTrader 4 script | Scalping EA download - MT4/MT5 resources - MetaTrader 5 resource usage and screening suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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