i think its a script i need. so is it possible for someone to write a script for mt4 that will allow me to place multiple buy/sell stop orders equally spaced, pyramid style for a breakout system please.
my idea is to click on the script in navigator, which opens a box where i can select the following.
my idea is to click on the script in navigator, which opens a box where i can select the following.
- order type. eg. buy or sell stop
- price at which 1st order executes
- distance between orders eg .5 or 1 or 2 etc of atr
- no of pyramided orders eg 2, 3, 5 etc
- period of atr eg 10, 20 etc
- SL = .5 or 1 or 2 atr etc
- automatically calculate lot size as a % of equity. eg .5% or 1% or 2% etc using a multiple of the above atr. eg 1% of equity with .5 atr SL
- Trailing stop for all open orders, again multiples of .5 or 1 or 2 of the same atr
- for use on the current selected open chart and time frame that im looking at.
- maybe another script to close open orders if the beakout doesnt happen
so in a nutshell i would be able to open, eg 4 equally spaced buy stop orders for a lot size of 1% of equity using a stop loss of .5 (20 period atr) with a .5 (20 period atr) trailing stop loss.
maybe another script to close open orders if the beakout doesnt happen
thanks in advance for anyone willing to do this.
Cheers Al.