MT4 Order Plugin: Trade by lines with risk based lot sizing
This plugin inspired by some fantastic scripts / tools available on FF which make trading easier.
I created this simple tool to provide me the ability to define sl/tp for new order by utilizing mouse (dragging line object). Sl/tp that is input manually is a boring task, particularly for trader.
It also track existing trade sl/tp, which means it will change current sl/tp and open price (for pending order) when it found a different value between order's sl/tp and the corresponding sl/tp line object.
Other feature:
- lot size calculated automatically based on the designated risk.
- a very simple popup menu which allows you to quickly shut an order based on ticket number
Unlike most line thing based trading tools, this app does not utilize EA for monitoring traces thing every tick, or a script that utilizes continuous looping with certain delay. It detects mouse drawing actions (hence why it utilizes dll) and fire the necessary script. All script will return after its job (launching new order / modifying existing orders) completed.
To use:
- download attached zip file. This zip includes 5 scripts (EasyOrder. . .mq4) and yet another EasyOrder.dll
- extract mq4 documents into scripts folder, dll file to libraries
- join EasyOrder to chart where you wish to start new order or modifying exisiting orders
- you should just attach / operate EasyOrder.mq4 scripts. Other scripts called EasyOrder_Draw, EasyOrder_Submit, EasyOrder_XXXX is companion scripts which are going to be conducted by
dll, not to be conducted manually
New Order
- to organize new order, click combo box which has text New Order, choose Buy Stop (for instance )
- app will draw three lines, each of these are sl (red), open price (gold) and tp (blue). Drag them to the place.
- click on submit, read advancement on alert window
Modify SL/TP
- drag SL/TP line
Close Order
- click on Close button, you will see a popup showing the listing of order's ticket
Remove Window
- Right click on any area of the order window, on the popup menu, choose remove.
Let me know your experience with this baby
Update
2011.02.24:
- Insert notifiion if app failed to find market watch manage
- When consumer drag SL/TP line, traces of closed order will probably be deleted
2011.02.25:
- Add new popup menu item to refresh lines (dll)
- Risk lot is editable, it is possible to type any lot size (dll)
- Documents are listed separately
2011.07.10:
- Put latest update (March 16, 2011) on front page
2014.02.07
- Update to Build 602
2015.04.8
- Remove unused Price/SL/TP lines after script is implemented.
- Insert confirmation dialog
- To ensure Easy Order script are all upgraded properly, make certain that you remove all previous EasyOrder_XXX. Xxx in script folders prior to installing this update.
2015.04.22
- Insert option for removing confirmation dialog
- Insert option for specifying number of orders
- See https://www.cliqforex.com/trading-sy...ng-system.html
2015.04.23
- Update EasyOrder_Draw. ex4. The order associated lines are thinner and therefore are already chosen, thus you do not have to double click on to move them.
- Insert EasyOrderInd.ex4 indior to automatically correct TP line based on a specified Risk / Reward ratio
2015.05.01
- Update EasyOrderInd.ex4 to refresh TP line when price changed
https://www.cliqforex.com/trading-sy...iders-den.html
https://www.cliqforex.com/attachment...8673405236.png
https://www.cliqforex.com/general-fo...exit-ergy.html
https://www.cliqforex.com/attachment...1837259860.ex4
https://www.cliqforex.com/attachments/1519041132.png
https://www.cliqforex.com/attachment...3549125838.ex4
