Script to BUY or SELL while scalping | Forex Factory

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Attachments: Script to BUY or SELL while scalping
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Script to BUY or SELL while scalping

  • #1
  • First Post: Jul 30, 2008 2:18pm Jul 30, 2008 2:18pm
I scalp the 5 mins and use the 1 min to execute, ideally I would like a script (which I can convert to hotkeys) so that:
- I can BUY at the current market price
- The SL is set to -10 (which should include the relevant spread) so for GBPUSD real SL is 13 and EURUSD it should be 12
- The TPis set to +10 (which should include the relevant spread) so for GBPUSD real SL is 13 and EURUSD it should be 12
- Lotsize is always 0.1

I know the command is :
OrderSend(Symbol(),OP_BUY,0.1,Ask,3,10,10,"BUY",255,0,CLR_NONE)

But how do I :
- automatically ask the script to recognise the currency and spread and then change the 10 SL& TP ?
- How do i stop it bringing up the confirmation box asking if i am sure

Thanks
  • #2
  • Jul 30, 2008 2:30pm Jul 30, 2008 2:30pm
Here it is, not sure is it helpful or not. There is two version. Whereby one is used for scalp purpose, another is for normal usage purpose.

I guess you should know how to modify the code according to yourself.
Juz let me know if i could give a small hand to you.

Scalp purpose :-
Scalp, time is moz important, so the main difference is only we didn't nid to click OK in order to execute the trades.

Test it out in demo a few times and you shall get the idea of it.

mphpopular

Edit:
And using the script wif a hotkey is the best ways. My way of using it is, i use it to buy and sell and I only use the TP function. It is at least a bit faster than I'm juz nid to click on chart "trade" and so on... Juz skip the process and take the trade faz. HOTKEY important for scalp.
Attached File(s)
File Type: zip script_short_long_tp_sl.zip   2 KB | 2,870 downloads
  • #3
  • Jul 30, 2008 2:37pm Jul 30, 2008 2:37pm
Here are the scripts I use:

Just make several copies of them and adjust the default settings for each. That way, one hotkey is buy, another sell, etc.
Attached File(s)
File Type: mq4 OpenWithMagic2.mq4   5 KB | 2,328 downloads
  • #4
  • Jul 30, 2008 2:48pm Jul 30, 2008 2:48pm
Juz test it out. Nice one... But I'm still a learner in this mq4. Can let me know what is PRICE???? Dont understand that variable only.
  • #5
  • Jul 30, 2008 3:05pm Jul 30, 2008 3:05pm
Quoting mphpopular
Juz test it out. Nice one... But I'm still a learner in this mq4. Can let me know what is PRICE???? Dont understand that variable only.
When opening a pending order, you need to put in the Price. Otherwise, it doesn't matter what you put.
  • #6
  • Jul 30, 2008 3:07pm Jul 30, 2008 3:07pm
Oh ya, understood..... thanks.....
  • #7
  • Jul 30, 2008 4:29pm Jul 30, 2008 4:29pm
Wow - thank you guys. I will take some time to test it out. Once again thank you.
  • #8
  • Apr 5, 2010 4:21am Apr 5, 2010 4:21am
Hai..

attached script is useful for news trade that will place pending order for buy/sell stop with adjustable distance from market price. I use it for several time but can't be used less than 2 munites as a rule of the platform. so I need somebody could modify this script as below:

let say the market price now is 1.6000 and I adjust the distance from market price is about 10pip, TP =0 and SL = 5 pip so and lot size about usd10.00

the pending order will be:
buy stop= 1.6010 and the sell stop = 1.5990 and the SL for both order will be 5 pip for both pending order

Let say the situation like this:

when the candle move during news time and touch the buy stop order, at the same time the sell stop order will be closed automatically. then the sell limit order will be appear about 13pip from the buy stop distance (the distance of limit order should be adjustable based on buy/sell stop order according to our need).
When the market price touch this sell limit order the hedging will happen but the price of sell limit order will be usd9.99 less 1 cent than the buy stop order. at the same time also the stop loss of buy order will be closed automatically, and vice versa
Attached File(s)
File Type: mq4 Set2StopOrders breaking news.mq4   4 KB | 1,094 downloads
  • #9
  • Feb 17, 2011 12:45pm Feb 17, 2011 12:45pm
Hi guys.

I have a problem modifying two scripts, could anyone please help me?

I cant get them to launch the SL and the TP. They only buy and sell.

Thanx
Attached File(s)
File Type: mq4 hedge buy.mq4   3 KB | 1,008 downloads
File Type: ex4 hedge buy.ex4   4 KB | 711 downloads
File Type: mq4 hedge sell.mq4   3 KB | 829 downloads
File Type: ex4 hedge sell.ex4   4 KB | 701 downloads
Always try just one more time...
  • #10
  • Jan 21, 2013 2:18pm Jan 21, 2013 2:18pm
Quoting mphpopular
Here it is, not sure is it helpful or not. There is two version. Whereby one is used for scalp purpose, another is for normal usage purpose.

I guess you should know how to modify the code according to yourself.
Juz let me know if i could give a small hand to you.

Scalp purpose :-
Scalp, time is moz important, so the main difference is only we didn't nid to click OK in order to execute the trades.

Test it out in demo a few times and you shall get the idea of it.

mphpopular

Edit:
And using the script wif a hotkey is the best ways. My way of using...
Hello mphpopular

The problem is not working (scalp) script is only EUR/USD foreign exchange with nothing! What is the error? If you can help e-mail [email protected]
Hi
freemann
  • #11
  • Jan 22, 2013 1:03pm Jan 22, 2013 1:03pm
Quoting mphpopular
Here it is, not sure is it helpful or not. There is two version. Whereby one is used for scalp purpose, another is for normal usage purpose.

I guess you should know how to modify the code according to yourself.
Juz let me know if i could give a small hand to you.

Scalp purpose :-
Scalp, time is moz important, so the main difference is only we didn't nid to click OK in order to execute the trades.

Test it out in demo a few times and you shall get the idea of it.

mphpopular

Edit:
And using the script wif a hotkey is the best ways. My way of using...

Mphpopular Hello! Unfortunately, for some reason scalp scripts rarely work, and at night they do not, and only EUR / USD at the other foreign currency, just sometimes, pedi ever supposed to work. Please help me in this. I do not know what the reason for failure, so I wrote an e-mail address, if you could send me some ideas out. I do not speak only in English,
Welcome
freeman959
  • #12
  • Jan 4, 2024 7:46am Jan 4, 2024 7:46am
Quoting TheMonk
I scalp the 5 mins and use the 1 min to execute, ideally I would like a script (which I can convert to hotkeys) so that: - I can BUY at the current market price - The SL is set to -10 (which should include the relevant spread) so for GBPUSD real SL is 13 and EURUSD it should be 12 - The TPis set to +10 (which should include the relevant spread) so for GBPUSD real SL is 13 and EURUSD it should be 12 - Lotsize is always 0.1 I know the command is : OrderSend(Symbol(),OP_BUY,0.1,Ask,3,10,10,"BUY",255,0,CLR_NONE) But how do I : - automatically ask the...
Attached File(s)
File Type: mq4 Buy_TP-78-SL-0_Risk-10.mq4   12 KB | 643 downloads

Attached File(s)
File Type: mq4 Sell_TP-78-SL-0_Risk-10.mq4   12 KB | 588 downloads
  • #13
  • Jan 30, 2024 8:55am Jan 30, 2024 8:55am
Hey, man. I backtested this EA. But it blows the math. So can you give me more information
Quoting crow
{quote} {file} {file}
  • #14
  • Jan 31, 2024 7:23am Jan 31, 2024 7:23am
Quoting ozkanim
Hey, man. I backtested this EA. But it blows the math. So can you give me more information{quote}
What EA? There's only a script for manual buying and selling.
  • #15
  • May 18, 2024 2:19pm May 18, 2024 2:19pm
Quoting crow
{quote} {file} {file}
for take profit is set to 78 pips?
  • #16
  • May 21, 2024 4:22am May 21, 2024 4:22am
Writing a script for buying or selling while scalping in trading requires careful consideration of various factors such as market conditions, indicators, risk management, and execution strategies. Here's a basic outline of what such a script might entail:

  1. Market Analysis: Define the criteria for identifying potential scalping opportunities. This could include technical indicators like moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), or price action patterns.
  2. Entry Conditions: Specify the conditions under Which you will enter a trade. For example, you might buy when the price crosses above a certain moving

  • #17
  • Nov 14, 2024 5:28am Nov 14, 2024 5:28am
To create a script for buying with spread-adjusted stop-loss and take-profit, use `MarketInfo()` to get the symbol’s spread and adjust SL/TP accordingly. Enable “One-click trading” in MT4 options to avoid confirmation prompts. Save the script in MT4, and assign a hotkey for quick execution.
  • #18
  • Nov 16, 2024 12:20am Nov 16, 2024 12:20am
To dynamically adjust Stop Loss (SL) and Take Profit (TP) based on the spread, and execute trades without confirmation in MetaTrader, follow these steps:
1. **Enable One-Click Trading**:
Go to **Tools > Options > Trade tab** and enable "One-Click Trading" to disable confirmation boxes.
2. **Create a Script**:
- Write a script that calculates the spread for the active currency pair.
- Adjust SL/TP by adding the spread to your desired values (e.g., 10 pips + spread for GBPUSD or EURUSD).
- Execute the trade with the predefined lot size (0.1) and adjusted SL/TP.
3. **Run the Script**:
Attach the script to the chart to place trades quickly, adjusting parameters automatically for each currency pair.
  • #19
  • Aug 21, 2025 4:56am Aug 21, 2025 4:56am
Has anyone already written a script like this that auto-detects the pair & spread so the SL/TP adjust correctly, and also skips the confirmation popup? Or is there a simple tweak I can add to the OrderSend to make it work that way?
  • #20
  • Last Post: Apr 17, 2026 8:23am Apr 17, 2026 8:23am
Most people just use preset scripts with hotkeys instead of one smart script, it’s quicker than trying to handle spreads dynamically.
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