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Published:

2012.09.18 13:36

Updated:

2016.11.22 07:32

setsellstoporder.mq5 (16.12 KB) view

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SetSellStopOrder script is developed for placing a SellStop order with fixed trigger levels, Stop Loss and Take Profit levels in points from the current price. The main advantage of this script is its ability to fix a deal volume, which depends on the entire deposit size, using MM (Money Management) script input parameter. This script determines a ratio between the amount of funds involved in the deal and all the funds of the deposit.

The script input parameters:

//+----------------------------------------------+
//| INPUT PARAMETERS OF THE SCRIPT               |
//+----------------------------------------------+
input double  MM=0.1;       // Money Management
input uint  LEVEL=300;      // Trigger level in points from the current price
input uint  STOPLOSS=300;   // Stop loss in points from the trigger level
input uint  TAKEPROFIT=800; // Take profit in points from the trigger level
input uint  EXPIRED=0;      // The duration of the order in hours (0 - without time of cancellation)
input uint  RTOTAL=4;       // The number of repeats on unsuccessful transactions
input uint  SLEEPTIME=1;    // Pause time in seconds between repeats

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/974

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SetSellStopOrder - script for MetaTrader 5