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Looking for Automatic Stop loss and TP

  • #1
  • First Post: Jun 22, 2015 5:28am Jun 22, 2015 5:28am
Hi guys,

I'm looking for a Mt4-tool which sets a predefined stop loss and take profit when we send a market order. It's very helpful for scalping.

Thank you.
  • #2
  • Jun 22, 2015 2:59pm Jun 22, 2015 2:59pm
No idea?

Thank yoz.
  • #3
  • Jun 22, 2015 3:03pm Jun 22, 2015 3:03pm
Quoting Unabletrader
No idea? Thank yoz.
Hello Unabletrader, please try one you find under this link may help you
http://www.forexfactory.com/showthre...41#post8335841

Regards,
Moti
  • #4
  • Jun 23, 2015 4:22am Jun 23, 2015 4:22am
Don't know if the attached script is helpful, but I found it in my archives.

It can also split a market order (with same entry and SL) into multiple TPs with different position size weights on each component order. For example, if TotalRisk = $400, TPpips = 10, TPmultiples = 1,2,3 and VolWeights = 2,1,1 then it will create 3 orders with TP of 10, 20, 30 pips, with $200, $100, $100 risk on the three positions, respectively. TotalRisk may be entered as lots (number only), $, % (of B=balance, E=equity or F=free margin), : (true leverage) or & (ADR$). Other settings should be self-explanatory. Feel welcome to experiment.

The script is offered on a "take it or leave it" basis, as I've no incentive to revisit the code and modify it. Download and use it at your own risk.

I've attached the .mq4 source code, but I don't recommend installing it, as it will compile with errors on MT4 build 600 onward. But it makes it possible for another programmer to fix the incompatibilities, and then make any further desired modifications. The code libraries that the .mq4 file uses can be found in this thread (many thanks to pips4life for upgrading them).
Attached File(s)
File Type: ex4 Place Market Order.ex4   25 KB | 617 downloads
File Type: mq4 Place Market Order.mq4   5 KB | 721 downloads
  • #5
  • Jun 23, 2015 11:58am Jun 23, 2015 11:58am
Thank you both. It works perfectly.
  • #6
  • Edited 7:53am Sep 17, 2015 7:15am | Edited 7:53am
Quoting hanover
Don't know if the attached script is helpful, but I found it in my archives. It can also split a market order (with same entry and SL) into multiple TPs with different position size weights on each component order. For example, if TotalRisk = $400, TPpips = 10, TPmultiples = 1,2,3 and VolWeights = 2,1,1 then it will create 3 orders with TP of 10, 20, 30 pips, with $200, $100, $100 risk on the three positions, respectively. TotalRisk may be entered as lots (number only), $, % (of B=balance, E=equity or F=free margin), : (true leverage) or & (ADR$)....

i fixed some errors and warnings in hanover --- extensible functions (np).mqh
so it is compatible with MT4 build 600+, I am using pepperstone 840
(I commented out the string ReadWebPage(string url) { ... } function,
because I can't find the right WinINet.dll version for it to work.
Attached File(s)
File Type: mqh hanover --- extensible functions (np).mqh   236 KB | 547 downloads
  • #7
  • Last Post: Sep 17, 2015 4:10pm Sep 17, 2015 4:10pm
Quoting IaMa8oY
{quote} i fixed some errors and warnings in hanover --- extensible functions (np).mqh so it is compatible with MT4 build 600+, I am using pepperstone 840 (I commented out the string ReadWebPage(string url) { ... } function, because I can't find the right WinINet.dll version for it to work. {file}
Many many thanks.

I guess that one day I will put build 509 behind me and start coding in MQL5.
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