Money Management Script - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
This script is designed to make trade execution easier and almost painless. Sometimes it annoys me to keep clicking "Limit" or "Stop" to hold a trade, so my script automatically sets it to the appropriate setting. For instant trading, just enter your stop loss and no need to worry about entry. Also, if you want to recompile some values (such as account balance percentage) for automatic use, please become my guest. It will notify you if you lack too much funds to enter and complete a trade. If I succeed later, then I may modify this script to perform multiple trades to meet the maximum lot size.
I invite everyone to do whatever they want with this script. This will make my life much easier and make my day-to-day trading time go by faster. I'm only sharing this because in a way I'm giving back and hopefully putting myself on the map in this community. I also wrote an EA, which was pretty bad, but that's how I gained some MQL coding experience; so I'm going to do it manually using the awesome indicators and knowledge I learned. I only spend about no more than an hour a day day trading or position trading, and I've gotten great results. Once I make a decent income through Forex I may bring up a managed account, but I'm not counting on it right now.
Attachment download
📎MMScript.mq4 (5.11 KB)
Source: MQL5 #10748
Fund Management Script - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 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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