Putting SL & placing trade at the same time, possible? | Forex Factory

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Putting SL & placing trade at the same time, possible?

  • #1
  • First Post: Sep 13, 2017 9:11am Sep 13, 2017 9:11am
Hi respected all FF user, please let me know if there is a possibility to place a trade & putting stoploss at the same time(one click). I want to place a tight SL like 3 pips and problem is price may move beyond in some cases until I drag,count and set SL .

Kindly share if it is possible through EA only, or mt4 has any feature like that which I have not seen yet.
  • #2
  • Sep 13, 2017 10:02am Sep 13, 2017 10:02am
Quoting Skat
Hi respected all FF user, please let me know if there is a possibility to place a trade & putting stoploss at the same time(one click). I want to place a tight SL like 3 pips and problem is price may move beyond in some cases until I drag,count and set SL . Kindly share if it is possible through EA only, or mt4 has any feature like that which I have not seen yet.
If your broker is ECN, the SL and TP must be placed after the order was placed and accepted on the broker side.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Sep 13, 2017 6:40pm Sep 13, 2017 6:40pm
Quoting Skat
Hi respected all FF user, please let me know if there is a possibility to place a trade & putting stoploss at the same time(one click). I want to place a tight SL like 3 pips and problem is price may move beyond in some cases until I drag,count and set SL . Kindly share if it is possible through EA only, or mt4 has any feature like that which I have not seen yet.
If I understand you correctly, you can just use the built in Meta4 "new order" function.
.
Here is a screen shot of the order details (3 pip SL) and resultant order on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: aaaaa.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: bbbbb.png Size: 39 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #4
  • Sep 13, 2017 8:06pm Sep 13, 2017 8:06pm
Quoting Skat
Hi respected all FF user, please let me know if there is a possibility to place a trade & putting stoploss at the same time(one click). I want to place a tight SL like 3 pips and problem is price may move beyond in some cases until I drag,count and set SL . Kindly share if it is possible through EA only, or mt4 has any feature like that which I have not seen yet.
solutions:

1. use the market deep ALT-B booktrader. put in the SL and TP and push buy and sell. so your TP and Sl is in your order sended.

2. buy some plugins from mq4 market inside metatrader (or ordermanagement program).

3. program some simple expert for your own, to do this.
  • #5
  • Sep 14, 2017 1:29am Sep 14, 2017 1:29am
Thanks all, I appreciate the help of you guys and definitely look into the solutions mentioned.
  • #6
  • Sep 14, 2017 3:07am Sep 14, 2017 3:07am
Hi Skat,

My best suggestion is to use ProRealTime which is available with IG and IB, it lets you select the SL before placing the trade in the upper right corner. Technically your trade order will be placed first and then the SL will be added but the delay is a matter of milliseconds.

However some brokers won't allow SL as small as 3 pips, many require 5 or 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: PRT SL order.PNG Size: 191 KB
  • #7
  • Sep 14, 2017 10:18am Sep 14, 2017 10:18am
Play around with these by adjusting the 1000 ( more zero reduces your lot size and less zero increase it.) in line 16 and the sl and tp in line 17

The are SCRIPTS

Just try them out in demo and edit them according to your risk before using them in real account. Once saved, drag it to your chart, they will open trade and place sl and tp.

Account details is a script that will give you a lot of info including the minimum sl of any pair according to your broker. Just drag onto any instrument.
Attached File(s)
File Type: mq4 01 Buy X SL20 TP10.mq4   < 1 KB | 354 downloads
File Type: mq4 01 Sell X SL20 TP10.mq4   < 1 KB | 364 downloads
File Type: ex4 accountdetails.ex4   7 KB | 343 downloads
  • #8
  • Sep 15, 2017 1:29am Sep 15, 2017 1:29am
Quoting Liovannix
Play around with these by adjusting the 1000 ( more zero reduces your lot size and less zero increase it.) in line 16 and the sl and tp in line 17 The are SCRIPTS Just try them out in demo and edit them according to your risk before using them in real account. Once saved, drag it to your chart, they will open trade and place sl and tp. Account details is a script that will give you a lot of info including the minimum sl of any pair according to your broker. Just drag onto any instrument. {file} {file} {file}
Thank You very much I am gonna try this today.

Best regards
  • #9
  • Sep 15, 2017 2:22am Sep 15, 2017 2:22am
Quoting Skat
{quote} Thank You very much I am gonna try this today. Best regards
You can even use a calculator to work out the lots to have a good idea in line 16
ie: Your account balance divide by 1000 times 4 divide by 20
  • #10
  • Sep 15, 2017 2:47am Sep 15, 2017 2:47am
Quoting Liovannix
{quote} You can even use a calculator to work out the lots to have a good idea in line 16 ie: Your account balance divide by 1000 times 4 divide by 20
Grateful for your help, may your account grow exponentially all the time, every time !

Regards
  • #11
  • Last Post: Sep 15, 2017 3:37am Sep 15, 2017 3:37am
Quoting Skat
{quote} Grateful for your help, may your account grow exponentially all the time, every time ! Regards
Above all, I wish you the same.
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