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Multiple Position Opening MT5

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Published: 17 May 2024

Current version: 1.1

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Multiple Position Opening MT5

Utilities
Francisco Manuel Vicente Berardo
Version: 1.1
Updated: 2 June 2024
Activations: 20

Multiple Position Opening is a multi-symbol multi-timeframe script used to open simultaneously various positions. The script offers multi-option through input parameters to configure the positions.

Risk Management

The volume used to open each of the positions is chosen between a fixed and a variable lot size, available through the Volume and Free Margin % input parameters, respectively. If there isn't enough money in the account for the chosen volume, this is reduced to the highest possible value (corresponding to free margin). If this reduction leads to a correct volume (if the free margin is enough, at least, for the minimum volume allowed by the broker), a request for opening the position is sent to the trade server. On the other hand, if this reduction leads to an incorrect volume, the request is no longer sent.

Input Parameters

Magic Number: Script’s identifier.
Type: Position type used.
Volume: Lot size per deal (lots).
Free Margin %: Percentage of account free margin used to calculate the lot size per deal (%).
Stop Loss: Distance from the market price for placing a Stop Loss at a position opening (pips).
Take Profit: Distance from the market price for placing a Take Profit at a position opening (pips).
Deviation: Maximum allowed slippage from the requested price (pips).
Fill Policy: Volume execution policy.
Comment: Text message displayed in the Trade/History tab of the Toolbox window and the Objects list after the opening of a position (it only allows 31 characters).
Total: Positions number to be open.

Some of the available parameters accept values that lead to particular options.

Volume: A value lower than the minimum allowed volume by the broker is converted in this last. A value higher than the maximum available volume by the free margin is converted in this last.
Free Margin %: A value whose volume doesn't reach the minimum allowed volume by the broker is converted in this last. A value whose volume exceeds the maximum available volume by the free margin is converted in this last.
Stop Loss or Take Profit: A null value means the parameter’s inactive function. Any value between 0 and the Stop Level is converted in this last.

Displayed Information

The script possesses a vast number of messages to inform the user about errors and conditions changes that might occur during its execution. The messages are shown through the Alert function (by a pop-up window), its content includes:

The warning that an input parameter has been incorrectly set.
The info that the account doesn't have enough money for the chosen volume (see the Risk Management section above).
The info that the number of permitted orders by the broker has been reached.
The Trade Server Return Codes description.
The symbol’s quotes (immediately) before the trade request’s formation, followed by the symbol’s quotes (immediately) after the trade server’s decision.
The Runtime Errors description.
The standard function in the include file where the runtime error was detected (only relevant to the programmer).

Note: Some elements of the list are displayed simultaneously (in the same text line): 4, 5 and 6; 6 and 7.

Observation

During high activity periods, the trade server’s decision on whether a trade request is executed or rejected may suffer significant delays. Some data used in the request sent to the server might become incorrect, leading to the order’s rejection. When the server is evaluating a request and the symbol's quotes are updated, three cases might occur:

Pending order placing – the pending order’s target price becomes an incorrect distance.
Position opening/modifying – the position's Stop Loss or Take Profit intended level becomes an incorrect distance.
Position modifying – the position's Stop Loss or Take Profit previous level takes to its closing.

The symbol’s quotes mentioned in the fifth element of the list in the Displayed Information section are especially useful here (since firsts usually differ from lasts). A careful analysis of these quotes, knowing the implication that certain quote changes have on the request’s evaluation, permits understanding the reason when these cases occur. To avoid the request’s rejection by the trade server due to “invalid stops” (cases 1 and 2), the prices/levels used should exceed the symbol’s Stop Level by a few pips.

Conclusion

Multiple Position Opening is a helpful and effective tool regarding the positions manual opening, especially when these represent a significant number, enabling a simple and intuitive setting of the positions to open.

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Environment State Info Print is a script to display the constants that describe the current runtime environment of a MQL4 program. General Description The constants are divided into four groups in the Environment State section of the MQL4 documentation and each group is divided into enumerations/subgroups (with designations “ Market Info”, “Integer”, “Double” or “String”). The script displays constants in two ways: a single constant or all group constants. The constants are obtained by

Double Trailing Stop is a multi-symbol multi-timeframe Expert Advisor that allows the Stop Loss and Take Profit trailing of positions. The EA offers multi-option through input parameters to configure the positions' stop orders. General Description The Expert Advisor’s main purpose is to secure profit and minimize losses with the opened positions. Double Trailing Stop places stop orders (Stop Loss or Take Profit) at the Trailing Stop distance from the market price when the symbol's quote re

Position Selective Close is a multi-symbol multi-timeframe script used to close simultaneously various positions. The script offers multi-option through input parameters to define the positions to close. General Description Position Selective Close possesses three operation modes (Intersection, Union and All) that control the way as four position features (symbol, magic number, type and profit) are used. The modes, available through the Selection Mode input parameter, relat

Order Selective Delete is a multi-symbol multi-timeframe script used to delete simultaneously various pending orders. The script offers multi-option through input parameters to define the pending orders to delete. General Description Order Selective Delete possesses three operation modes (Intersection, Union and All) that control the way as three pending order features (symbol, magic number and type) are used. The modes, available through the Selection Mode input

Multiple Position Opening is a multi-symbol multi- timeframe script used to open simultaneously various positions . The script offers multi- option through input parameters to configure the positions. Risk Management The volume used to open each of the positions is chosen between a fixed and a variable lot size, available through the Volume and Free Margin % input parameters, respectively. If there isn't enough money in the account for the chosen volume, this is reduce

Pending Order Grid is a multi-symbol multi- timeframe script that enables multi-strategy implementation based on pending order grids. The script offers multi- option through input parameters to configure the pending orders. General Description Pending Order Grid allows the execution of a user-defined strategy through the creation of one or more grids of pending orders. The script places pending orders of a given type (Buy Limit, Sell Limit, Buy Stop, or Sell Stop) at equidistant price

Pending Order Grid is a multi-symbol multi-timeframe Expert Advisor that enables multi-strategy implementation based on pending order grids. The EA offers multi-option through input parameters to configure the pending orders. General Description Pending Order Grid allows the performing of a user-defined strategy through the creation of one or more grids of pending orders. The Expert Advisor places pending orders of a given type (Buy Limit, Sell Limit, Buy Stop, or Sell Stop) at equidistant

Tick Data Record is a multi-symbol multi- timeframe Expert Advisor that records tick data for later graphical representation and analysis . General Description Tick Data Record offers a(n) alternative/complement to the online/offline price charts displayed through the MT4/MT5 platform. The Expert Advisor permits to write and save the current/history values of Time, Bid, Ask, Spread, Last and Volume to a text file (“.txt”). The idea is to copy/open the obtained register to/in a spreadsheet, r

Environment State Info Print is a script to display the constants that describe the current runtime environment of a MQL5 program. General Description The constants are divided into four groups in the Environment State section of the MQL5 documentation and each group is divided into enumerations/subgroups (with designations “Integer”, “Double” or “String”). The script displays constants in two ways: a single constant or all group constants. The constants are obtained by selecting the p

Double Trailing Stop is a multi-symbol multi-timeframe Expert Advisor that allows the Stop Loss and Take Profit trailing of positions. The EA offers multi-option through input parameters to configure the positions' stop orders. General Description The Expert Advisor’s main purpose is to secure profit and minimize losses with the opened positions. Double Trailing Stop places stop orders (Stop Loss or Take Profit) at the Trailing Stop distance from the market price when the symbol's quote re

Position Selective Close is a multi-symbol multi-timeframe script used to close simultaneously various positions. The script offers multi-option through input parameters to define the positions to close. General Description Position Selective Close possesses three operation modes (Intersection, Union and All) that control the way as four position features (symbol, magic number, type and profit) are used. The modes, available through the Selection Mode input parameter, relat

Order Selective Delete is a multi-symbol multi-timeframe script used to delete simultaneously various pending orders. The script offers multi-option through input parameters to define the pending orders to delete. General Description Order Selective Delete possesses three operation modes (Intersection, Union and All) that control the way as three pending order features (symbol, magic number and type) are used. The modes, available through the Selection Mode input

Pending Order Grid is a multi-symbol multi- timeframe script that enables multi-strategy implementation based on pending order grids. The script offers multi- option through input parameters to configure the pending orders. General Description Pending Order Grid allows the execution of a user-defined strategy through the creation of one or more grids of pending orders. The script places pending orders of a given type (Buy Limit, Sell Limit, Buy Stop, or Sell Stop) at equidistant price lev

Pending Order Grid is a multi-symbol multi-timeframe Expert Advisor that enables multi-strategy implementation based on pending order grids. The EA offers multi-option through input parameters to configure the pending orders. General Description Pending Order Grid allows the performing of a user-defined strategy through the creation of one or more grids of pending orders. The Expert Advisor places pending orders of a given type (Buy Limit, Sell Limit, Buy Stop, or Sell Stop) at equidistant

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Version 1.1 2024.06.02

Minor change, not requiring an update:

- Link addition at the script’s properties window to visit the product page.