Straddle Order Near Current Price Level - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
Script for creating buy/sell stop straddle orders.
The idea is that they expire after a period of time and will cross a certain number of points of the current price action.
If there is already an open position, the stop loss for this position will be set to 1 pip less than the opposite order. If the script is unable to set a stop loss on the position, the script will simply close the position and create a straddle.
Attachment download
📎 announcementstrategy.mq5 (5.6 KB)
Source: MQL5 #1856
Straddle orders near the current price level - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Straddle orders near the current price level - MetaTrader 5 script | Trading script download - MT4/MT5 resources are trading script 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.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •