Multiple orders on MT4

Hello,

due to the fact that ibfx only allows Lots from 0.01 to 0.05 and from 1.00 to 8.00 I'm looking for a way (script?) to place multiple orders for the same currency at once. For example 10 x 0.05 Lots = 0.5 Lot. Is this possible?

Furthermore I'd like to know how to close (these) multiple orders at once.

I searched the forums and found threads with similar topics but no satisfying answer. I would appreciate your help. Thanks!

puduman

Read these:
http://docs.mql4.com/trading/OrderSend
http://book.mql4.com/trading/ordersend

You know you can actually just type in any lot size you want in the lots field of their order form right?

Just double click on the number in the field to select it and type any amount size you want as long as it is no more than two decimal places.

for example you could select 1.03 lots or 0.91 lots

Now that was easy. Thank you all for your help!

When you go to close your orders, you can do the same thing. If you do not want to close the entire order at once, you can just select the lots field of the order close/modify form and change the lot size to how much you want to close at that time. the remaining order will stay open, until you close it, or any portions of it as well.

Dear!

Could you please tell me how to write an EA with the following features?

1. If we open a trade, it will automatically open multiple trades as we wish (so-called N positions).

2. Regarding the first trade, we can set up by hand or by EA as an option along with setting up stop loss (so-called S_1) and take profit (so-called T_1) as schedule.

3. After the first trade, it will automatically open multiple position at the same price and stop loss based on the first trade (spread is accepted). which means P=P_1~=P_2~=P_3~=...~=P_N and S=S_1=S_2=S_3=...=S_N.

4. The Nth trade's take profit will be P pips more than that of (N-1)th trade, which means T_N=T_(N-1) +P (e.g. T_2=T_1+P).

5. If we monitor that the market movement is not as our expectation, we can close all trades simultaneously prior to hitting stop losses or take profit.

Please this is the best strategy to hedge a trade that you have ever heard. Imagine if N = 1000 trades, P = 1 point, S=T_1 or S=T_1/2 is fixed. According to the law of large number, we are reaching our expectation. I reckon that you won't waste your time compared with entering only one trade at once time.

This is the first step in my strategy, if you can do that we can build a system together. My email is { email address deleted by staff }