Placing trades in Metatrader | Forex Factory

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Placing trades in Metatrader

  • #1
  • First Post: Sep 28, 2007 2:47am Sep 28, 2007 2:47am
Hi all, my quetion is: when placing a pending buy and sell order say for the GB/USD and you want it set up so that one cancels the other. So for instance if the buy trade is triggered first and it hits the limit target/target price, the sell order is instantly cancelled.

I'm pretty sure I know how to set up the trades themselves, but not to sure how to set them up so that one trade cancels the other.

Wonder
  • #2
  • Sep 28, 2007 2:53am Sep 28, 2007 2:53am
Quoting wonder
Hi all, my quetion is: when placing a pending buy and sell order say for the GB/USD and you want it set up so that one cancels the other. So for instance if the buy trade is triggered first and it hits the limit target/target price, the sell order is instantly cancelled.

I'm pretty sure I know how to set up the trades themselves, but not to sure how to set them up so that one trade cancels the other.

Wonder
It's not an option with my MT broker, so not sure you can do it with any other ones.
  • #3
  • Sep 28, 2007 9:50am Sep 28, 2007 9:50am
Quoting PeterFM
It's not an option with my MT broker, so not sure you can do it with any other ones.
You can try this straddle that has an OCO function.
http://www.mqlservice.com/download/scripts/OCO.mq4
  • #4
  • Last Post: Sep 29, 2007 12:42am Sep 29, 2007 12:42am
You sound as though you do not have enough experience with metatrader. You may want to practice more on the demo until you have more confidence on your order settings
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