How to set your stop loss before sending market order on MT4 | Forex Factory

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How to set your stop loss before sending market order on MT4

  • #1
  • First Post: Mar 8, 2012 2:21am Mar 8, 2012 2:21am
Hi guys


can anyone help me how to set my stop loss before sending market order in meta trader 4 , like 6 pips from the buy/sell price in the instant
  • #2
  • Mar 8, 2012 3:24am Mar 8, 2012 3:24am
Inserted Video
  • #3
  • Mar 8, 2012 5:17am Mar 8, 2012 5:17am
thank you but you didn't understand what i meant , i mean that stop loss automatically set to be under any market price order you executed by 7 pips , no manual interaction
  • #4
  • Mar 8, 2012 5:57am Mar 8, 2012 5:57am
It would be better if you are just making a script to send the whole order.
Inserted Code
external int PipSL =  7;
external int PipTP =  7;
external double Lots = 1;
external string BuySell = "Buy";

double SL;
double TP;
int Pip = 0.0001;
if (Digits == 2 || Digits == 3) {Pip = 0.01;}

if (BuySell == "Buy") {
SL = NormalizeDouble(Ask - (PipSL * pip),Digits);
TP = NormalizeDouble(Ask + (PipTP * pip),Digits);
OrderSend(Symbol(),OP_BUY,Lots,Ask,1,SL,TP,NULL,0,0,Blue);}

if (BuySell == "Sell") {
SL = NormalizeDouble(Bid + (PipSL * pip),Digits);
TP = NormalizeDouble(Bid - (PipTP * pip),Digits);
OrderSend(Symbol(),OP_SELL,Lots,Bid,1,SL,TP,NULL,0,0,Red);}
  • #5
  • Mar 8, 2012 6:10am Mar 8, 2012 6:10am
Quoting Yonited
thank you but you didn't understand what i meant , i mean that stop loss automatically set to be under any market price order you executed by 7 pips , no manual interaction
You did not express what you meant, so there was plenty of room for interpretations.
There are tools for sending orders like scripts, EAs or others.

You can find them here:
http://www.forexfactory.com/showthread.php?t=193727
  • #6
  • Mar 8, 2012 6:14am Mar 8, 2012 6:14am
Quoting fxtr51
You did not express what you meant, so there was plenty of room for interpretations.
There are tools for sending orders like scripts, EAs or others.

You can find them here:
http://www.forexfactory.com/showthread.php?t=193727
i think you meant

"you can find them here : http://www.google.com "
Congratulations ScalaFX for coming out of the closet!
  • #7
  • Mar 8, 2012 6:21am Mar 8, 2012 6:21am
Quoting nubcake
i think you meant

"you can find them here : http://www.google.com "
,,,, why so serious

Thanks guys for ur help
  • #8
  • Mar 8, 2012 6:22am Mar 8, 2012 6:22am
Quoting nubcake
i think you meant

"you can find them here : http://www.google.com "
Yea, but google is evil and on the road to total world domination.
  • #9
  • Last Post: May 26, 2017 6:54am May 26, 2017 6:54am
Do I have to use a EA for this?
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