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Pre-programmed metatrader trades

  • #1
  • First Post: May 10, 2009 12:57pm May 10, 2009 12:57pm
I'm new to Metatrader as a platform, so sorry if this is a very simple question:

Is there any way to program a trade with a predetermined stop loss and take profit? I scalp with a 10 pip TP, 20 pip SL, but I must be quick to enter trades using my method. I'm having to manually enter the TP and SL each time, and it is tedious, and not fitting in well with my lazy nature.

Is there a way to preprogram a trade and attach it to a "Hot Button" or something to execute the trade instantly with these parameters?

Thanks,
  • #2
  • May 10, 2009 1:22pm May 10, 2009 1:22pm
Quoting killertrader
I'm new to Metatrader as a platform, so sorry if this is a very simple question:

Is there any way to program a trade with a predetermined stop loss and take profit? I scalp with a 10 pip TP, 20 pip SL, but I must be quick to enter trades using my method. I'm having to manually enter the TP and SL each time, and it is tedious, and not fitting in well with my lazy nature.

Is there a way to preprogram a trade and attach it to a "Hot Button" or something to execute the trade instantly with these parameters?

Thanks,
Hi there,

One way might be to use a script such as the ones I have attached. One is for Buy orders and the other for Sell orders as the names indicate. Just open them, set the lot size, TP and SL you wish and save them in your Experts/Scripts folder. Then all you have to do is drag the appropriate script onto your chart and the rest is history. I have not used them but they should be fine. Test them on a demo first though.

Hope it helps,

Good luck

GF
Attached File(s)
File Type: mq4 Buy with SL and TP without conf.mq4   2 KB | 5,639 downloads
File Type: mq4 Sell with SL and TP without conf.mq4   2 KB | 4,354 downloads
  • #3
  • May 10, 2009 1:57pm May 10, 2009 1:57pm
To add on...

Right click on the script in Metatrader and click "Set Hotkey" then you can set hotkeys for those trades.
  • #4
  • May 10, 2009 2:04pm May 10, 2009 2:04pm
Quoting Ronald Raygun
To add on...

Right click on the script in Metatrader and click "Set Hotkey" then you can set hotkeys for those trades.
Great suggestion Ron! Tks for sharing...
  • #5
  • May 10, 2009 5:33pm May 10, 2009 5:33pm
Thanks so much guys. I'll try it out.
  • #6
  • May 19, 2010 10:27am May 19, 2010 10:27am
Hi

Does this script still work in MT4? It is exactly what I have been looking for but I an unable to make it work. Followed the instructions to the letter as far as I can tell though.

David
  • #7
  • May 19, 2010 1:49pm May 19, 2010 1:49pm
What happens when you try to attach the script to the chart?
  • #8
  • May 19, 2010 1:53pm May 19, 2010 1:53pm
Hi

Nothing at all

I drag it across and get nothing.

David
  • #9
  • May 19, 2010 2:07pm May 19, 2010 2:07pm
I should be more specific.

Copied files as instructed, they appear in scripts (also tried to put them in indicators folder where they then appear under indicators in console).

They are in the left hand menus as you would expect, but dragging/dropping over chart does nothing. They do not appear in indicators or scripts lists, and they have no effect when you try to open a trade.

I have also right clicked, selected attach to a chart with no luck.

I am trying to use them on the FXCM MT4 software
  • #10
  • May 19, 2010 3:09pm May 19, 2010 3:09pm
What does the 'experts' tab at the bottom say?
  • #11
  • May 19, 2010 3:28pm May 19, 2010 3:28pm
The experts tab on side menu? If so it does not appear there, just MACD and Moving Average.

I have tried both the scripts and the indicators folder, and also turned on EA's in settings.
  • #12
  • May 19, 2010 3:32pm May 19, 2010 3:32pm
This one:
Attached Image
  • #13
  • May 19, 2010 3:32pm May 19, 2010 3:32pm
hmm.....

In the settings I have a tab for enable Expert Advisors, next to that is says except for custom indicators and scripts (with no option to enable these).

I don't remember seeing that in other trading platforms, though my memory could be flawed.

Is it possible the FXCM will not allow EAs? Which I assume this would be counted as by the software?
  • #14
  • May 19, 2010 3:34pm May 19, 2010 3:34pm
It is loaded, then gets removed straight away. Looks like the software is blocking it. Possibly for the reasons I assumed above.

2010.05.19 21:33:15 Buy with SL and TP without confirmation Box EURUSD,H1: loaded successfully

2010.05.19 21:33:15 Buy with SL and TP without confirmation Box EURUSD,H1: removed
  • #15
  • May 19, 2010 3:40pm May 19, 2010 3:40pm
Try this. It's a script
Attached File(s)
File Type: mq4 BUY Normal Risk.mq4   3 KB | 1,306 downloads
  • #16
  • May 19, 2010 3:52pm May 19, 2010 3:52pm
TY. I will try it now.

Do you have any idea if I am right about FXCM blocking EAs? I searched google and found plenty of references to people running EAs on that platform so I am not sure.

Would it be possible for someone to look at the settings in their MT4 client and see if they see this:

"In the settings I have a tab for enable Expert Advisors, next to that is says except for custom indicators and scripts"

Many thanks
  • #17
  • May 19, 2010 3:53pm May 19, 2010 3:53pm
Post a screenshot
  • #18
  • May 19, 2010 3:53pm May 19, 2010 3:53pm
2010.05.19 21:53:15 Expert 'BUY Normal Risk' is not custom indicator and will be removed

arrrrgh

Screenshot coming
  • #19
  • May 19, 2010 3:54pm May 19, 2010 3:54pm
Best app for quickie screenshots: http://gyazo.com/en
  • #20
  • May 19, 2010 3:56pm May 19, 2010 3:56pm
Attached Image
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