KaanForex
29-11-2018
405

Scripts: Order Management

Cool Scripts To Enter Pending Entry Orders Faster:

Pending entry orders in MT4 are opened via the order window in a 5 step process: Open New Order window, Select Pending Order Type, Select Type of Pending Order, Select Specified Price, Place Order. This process can take a few seconds, but thankfully there are scripts that can order pending orders faster. Drag the script below from the scripts folder over to the chart above or below the current price, depending what pending type you want it to be:
 

Indicator Descriptor
DROP_PENDING_BUY Drop over price for a buy stop, under price for a buy limit
DROP_PENDING_SELL Drop under price for a sell stop, over price for a sell limit
DROP_MOVE_PENDING_PRICE Drop over/under price to move stop/limit to that point


All the above scripts in one zip folder: 
OrderManagementScripts.zip 

 

Cool Scripts To Enter And Modify Stop Loss And Take Profit Faster:

Adding or modifying a stop loss or take profit in MT4 can take a few steps and seconds. Moreover, all modifications are done from price alone, which can add to the delay as one tries to scroll to the specific price. Thankfully there are scripts that you can run to enter or modify your stop loss or take profit orders much faster, in multiple ways: as price, pips and horizontal drag/drop price. 
 

Indicator Descriptor
Market long by Steve.mq4 Steve Hopwood. Create long market order, and set sl & tp as either price or pips; also can add magic number and comment
Market short by Steve.mq4 Steve Hopwood. Create short market order, and set sl & tp as either price or pips; also can add magic number and comment
modify_stops_DragDrop.mq4 Add & modify stops to drop area of chart
modify_take_profits_DragDrop.mq4 Add & modify take profit to drop area of chart
e-MoveSLTPbyMouse.mq4  Modify existing sl & tp by double clicking & dragging sl & tp horizontal lines
Remove stop losses.mq4 Removes all stops of all existing and pending trades


All the above scripts in one zip folder: 
OrderManagementScripts.zip

 

Cool Scripts To Close Trades Faster:

You can take advantage of a number of scripts that can close your orders faster than otherwise. Drag the scripts below from the scripts folder over to the chart window to close out your trades at levels you desire. 
 

Indicator Descriptor
Pipsing_Close_on_Drop.mq4 Drop script close to open trade on chart  to close it (open trade will be seen as a horizontal green dashed line).               
Reverse.mq4 Reverse all trades.                
CloseAllTrades.mq4 Closes all open and pending positions on all charts. 
CloseAllTradesBuy.mq4 Closes all opened Buy positions. 
CloseAllTradesBuyCurrent.mq4 Closes all opened Buy positions on current chart. 
CloseAllTradesCurrent.mq4 Closes all open and pending positions on current current. 
CloseAllTradesOpened.mq4 Closes all opened positions on all charts. 
CloseAllTradesOpenedCurrent.mq4 Closes all opened positions on current chart . 
CloseAllTradesPending.mq4 Closes all pending positions on all charts. 
CloseAllTradesPendingCurrent.mq4 Closes all pending positions on current chart 
CloseAllTradesSell.mq4 Closes all opened Sell positions on all charts. 
CloseAllTradesSellCurrent.mq4 Closes all opened Sell positions on current chart. 
CloseAtEquityAmount_v1.0_Above.mq4 Closes trades when equity > X
CloseAtEquityAmount_v1.0_Below.mq4  Closes trades when equity < X
CloseTrades_After_Account_Loss_TooMuch.mq4 Closes trades when floating loss > - X
CloseTrades_After_Account_Loss_Percent.mq4 Closes trades at a loss percent
CloseTrades_AfterAccount_Profit_Percent.mq4 Closes trades at profit percent
CloseAllProfit.mq4 Closes all trades in profit. 
CloseAllLosses.mq4 Closes all trades in loss. 


All the above scripts in one zip folder: 
OrderManagementScripts.zip

 

Cool Scripts To Manage Trades With Adaptive Exits

While you may be able to add a trailing stop in MT4, there are many other types of adaptive exits that you might want to manage your trade while away from the terminal: trailing stop with target level, break even, trailing profit etc. The scripts below features these types of exits. 

 

Indicator Descriptor
Multi purpose trade manager.mq4 Steve Hopwood. Manage by Magic Number, Trade Comment, Ticket Number or currency of chart, you can set Breakeven, Jumping Stop, Trailing Stop, Instant Trailing Stop, or Exit in Dollar Profit or Profit as Percentage of Balance.



All the above scripts in one zip folder: 
OrderManagementScripts.zip


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