SetSellStopOrder - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
The SetSellStopOrder script was developed for placing a SellStop order with fixed trigger levels, stop loss and take profit levels in current price units. The main advantage of this script is its ability to use the MM (Money Management) script input parameters to fix the trading volume, depending on the entire deposit size. The script determines the ratio between the amount of funds involved in the transaction and all deposited funds.
Script input parameters:
Attachment download
📎 setsellstoporder.mq5 (16.12 KB)
Source: MQL5 #974
SetSellStopOrder - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
SetSellStopOrder - 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.
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