Daily Breakdown - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Pending orders are placed every day at the time specified in the TimeSet variable.
After the pending order is executed, the other order is deleted.
A Buy Stop pending order is placed at a price equal to the previous day's high price + Delta (in points) and the Stop Loss and Take Profit levels, specified in the Stop Loss and Take Profit input variables.
The price of a pending sell stop order is equal to the previous day's lowest price - Delta (in points), and the stop loss and take profit levels are specified in the stop loss and take profit input variables.
Input variables:
Attachment download
📎 BreakdownLevelDay.mq4 (9.81 KB)
Source: MQL5 #10145
Daily Breakdown - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Daily Breakdown - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources are MT4 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 only on titles or short-term profit descriptions.
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