Placing Stop Loss Order Grid - MetaTrader 4 Script | Grid EA Download - MT4/MT5 Resources
The script determines the price of the falling point on the chart and places a grid of pending orders based on that point.
If the specified price is lower than the current price, the script places a sell order and a sell stop grid below it, and if it is above the current price, it places a buy order and a buy stop grid above it.
Attachment download
📎 cm_scripts_gridstoporders.mq4 (7.55 KB)
Source: MQL5 #13199
Placing Stop Loss Order Grid - MetaTrader 4 Script | Grid EA Download - MT4/MT5 Resource Usage and Screening Suggestions
Placing Stop Loss Order Grid - MetaTrader 4 Script | Grid EA Download - MT4/MT5 resources are grid EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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