ECN Trading Modifier - MetaTrader 4 Expert | MT5 EA Download - MetaTrader 5 Resources
On ECN, ECN Zero and Pro MT4/MT5 accounts, stop loss/take profit price levels are not allowed by default .
If a trader wishes to specify stop loss/take profit values for an order, the trader must modify the existing position after the order is opened.
This EA helps traders save valuable time by ensuring that new trading positions are modified to the specified values after the stop loss/take profit value is opened.
This is useful for scalpers who want to avoid the hassle of manually editing trading positions every time they execute a buy/sell market order on a financial instrument.
Code contributed by Maduagwuna L.
Attachment download
📎 ecn_trade_modifier.mq4 (5.46 KB)
Source: MQL5 #31509
ECN Trading Modifier - MetaTrader 4 Expert | MT5 EA Download - MetaTrader 5 Resource Usage and Screening Suggestions
ECN Trading Modifier - MetaTrader 4 Expert | MT5 EA Download - MetaTrader 5 resources are MT5 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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