Create a reverse order when the market hits a stop loss?

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Hi, does any one knos if it´s possible to set up Mt5 / mt4 to create a reverse order when the market hits the stop loss? Is it possible to set it up in the platform or it has to be using a expert advisor? Any ideas ro comments more than apreciate!!!

Basic Principles - Trading Operations - MetaTrader 5 Help
Basic Principles - Trading Operations - MetaTrader 5 Help
  • www.metatrader5.com
is an instruction given to a broker to buy or sell a financial instrument. There are two main types of orders: Market and Pending. In addition, there are special Take Profit and Stop Loss levels. is the commercial exchange (buying or selling) of a financial security. Buying is executed at the demand price (Ask), and Sell is performed at the...
 

Hi Holguinmora

Yes monitor the number of open orders if it get's less you will know that one has closed then you go see in the history which instrument it was and it's direction and then you can fire a opposing order immediately.

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