100% Risk Free Margin Market Order Script

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I've searched and searched and have not been able to find a script that will make a (100% amount of account balance) market order that does not add stop loss or take profit (or at least a setting that can turn those off).


The closest I was able to find was this http://www.forexfactory.com/showthread.php?t=281772

but choosing 100 value in the risk field tries to place an order for more than my account balance.

 
You cant. If you try to use that, most probably your broker will stop you. Unless you have a huge leverage.
 

3:1 leverage

btc-e.com

Margin call at 30%

Stop-loss at 15%


Maybe I need a link to some explanation.


I've modified a script to this:

//+------------------------------------------------------------------+
//| OpenOrderMarketExecution.mq4 |
//| Copyright © 2010, Khlystov Vladimir |
//| cmillion@narod.ru |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2010, Khlystov Vladimir"
#property link "http://cmillion.narod.ru"
#property show_inputs
//--------------------------------------------------------------------
extern int stoploss = 0, // level of exhibiting SL, if 0, then SL is not exposed
takeprofit = 0, // level of exhibiting TP, if 0, then TP is not exposed
Magic = 777; // unique number of warrants
extern bool SELL = false, // open the warrant SELL
BUY = true; // open order BUY
extern double Lot = 0.0; // Order Quantity
extern double Risk = 100; //% which we are willing to risk, is applied at Lot = 0
extern int slippage = 5; // Maximum allowable deviation of the price for market orders
extern bool MarketExecution = true; // placed stop at the next tick
//--------------------------------------------------------------------
int start()
{
string txt =StringConcatenate("time ",
TimeToStr(TimeCurrent(),TIME_MINUTES),"\n","-------------------------------------","\n");
if (BUY ) txt =StringConcatenate(txt,"Open BUY SL = ",DoubleToStr(Bid - stoploss*Point,Digits),
" TP = ",DoubleToStr(Ask + takeprofit*Point,Digits),"\n");
if (SELL) txt =StringConcatenate(txt,"Open SELL SL = ",DoubleToStr(Ask + stoploss*Point,Digits),
" TP = ",DoubleToStr(Bid - takeprofit*Point,Digits),"\n");
double MinLot = MarketInfo(Symbol(),MODE_MINLOT);
double Maxlot = MarketInfo(Symbol(),MODE_MAXLOT);
int OkrLOT;
if (MinLot==0.01) OkrLOT = 2;
if (MinLot >0.01) OkrLOT = 1;
if (MinLot >0.1 ) OkrLOT = 0;
//if (Lot==0)
//if (stoploss==0) {Comment("stoploss can not be 0");}//return;}
//else
Lot = /*NormalizeDouble(*/AccountFreeMargin()*Risk/100/MarketInfo(Symbol(),MODE_ASK);/*/stoploss*///,OkrLOT);
//if (Lot<MinLot) {Lot=MinLot;txt =StringConcatenate(txt,"Featured min ");}
//if (Lot>Maxlot) {Lot=Maxlot;txt =StringConcatenate(txt,"Featured max ");}
txt =StringConcatenate(txt," Lot = ",Lot);
Comment(txt);
//---
double SL,TP;
if (BUY)
{
if (takeprofit!=0) TP = NormalizeDouble(Ask + takeprofit*Point,Digits); else TP=0;
if (stoploss!=0) SL = NormalizeDouble(Bid - stoploss*Point,Digits); else SL=0;
OPENORDER (1,SL,TP);
}
if (SELL)
{
if (takeprofit!=0) TP = NormalizeDouble(Bid - takeprofit*Point,Digits); else TP=0;
if (stoploss!=0) SL = NormalizeDouble(Ask + stoploss*Point,Digits); else SL=0;
OPENORDER (-1,SL,TP);
}
while(MarketExecution)
{
if (stoploss==0 && takeprofit==0) break;
else
{
if (SetStop()==0) break;
}
}
return(0);
}
//--------------------------------------------------------------------
void OPENORDER(int ord,double SL,double TP)
{
int error,err;
if (MarketExecution) {SL=0;TP=0;}
while (true)
{ error=true;
if (ord== 1) error=OrderSend(Symbol(),OP_BUY, Lot,NormalizeDouble(Ask,Digits),
slippage,SL,TP,"BUY",Magic,0,Blue);
if (ord==-1) error=OrderSend(Symbol(),OP_SELL,Lot,NormalizeDouble(Bid,Digits),
slippage,SL,TP,"SELL",Magic,0,Red);
if (error==-1)
{
Print(Symbol()," ",ShowERROR());
err++;Sleep(2000);RefreshRates();
}
if (error || err >10) return;
}
return;
}
//--------------------------------------------------------------------
string ShowERROR()
{
int err=GetLastError();
string com;
switch ( err )
{
case 0: return;
case 1: return;
case 2: com=StringConcatenate(com," No connection with trade server ");break;
case 3: com=StringConcatenate(com," Incorrect parameters ");break;
case 130: com=StringConcatenate(com," Relation of the foot ");break;
case 134: com=StringConcatenate(com," enough money ");break;
case 136: com=StringConcatenate(com," No price ");break;
case 146: com=StringConcatenate(com," The subsystem is busy trade ");break;
case 129: com=StringConcatenate(com," Incorrect Price ");break;
case 131: com=StringConcatenate(com," Invalid size ");break;
case 137: com=StringConcatenate(com," broker is busy ");break;
case 138: com=StringConcatenate(com," New prices ");break;
default: com=StringConcatenate(com," Error ",err);break;
}
return(com);
}
//--------------------------------------------------------------------
int SetStop()
{ int tip,Ticket,n=0;
double SL,TP;
double OOP;bool error;
int SPREAD = MarketInfo(Symbol(),MODE_SPREAD);
for (int i=0; i<OrdersTotal(); i++)
{ if (OrderSelect(i, SELECT_BY_POS)==true)
{ tip = OrderType();
if (tip<2 && OrderSymbol()==Symbol() && OrderMagicNumber()==Magic)
{
if ((OrderStopLoss()==0&&stoploss!=0)||(OrderTakeProfit()==0&&takeprofit!=0))
{
OOP = OrderOpenPrice();
Ticket = OrderTicket();
if (tip==OP_BUY)
{
if (takeprofit!=0) TP = NormalizeDouble(OOP + takeprofit*Point,Digits); else TP=0;
if (stoploss!=0) SL = NormalizeDouble(OOP - (stoploss+SPREAD)* Point,Digits); else SL=0;
error=OrderModify(Ticket,OOP,SL,TP,0,White);
if (error) Print("SetStop ",Ticket," ",TimeToStr(TimeCurrent(),TIME_MINUTES));
else {Print(Symbol()," ",ShowERROR());n++;}
}
if (tip==OP_SELL)
{
if (takeprofit!=0) TP = NormalizeDouble(OOP - takeprofit*Point,Digits); else TP=0;
if (stoploss!=0) SL = NormalizeDouble(OOP + (stoploss+SPREAD)* Point,Digits); else SL=0;
error=OrderModify(Ticket,OOP,SL,TP,0,White);
if (error) Print("SetStop ",Ticket," ",TimeToStr(TimeCurrent(),TIME_MINUTES));
else {Print(Symbol()," ",ShowERROR());n++;}
}
}
}
}
}
return(n);
}
//--------------------------------------------------------------------
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