More orders at the same time MT4

New comment
 
Hello,

How can i place more orders on the same time on different pairs? For example 1 order AUDUSD and 1 order GBPJPY

Thanx
 
Topics concerning MT4 and MQL4 have their own section.
In future please post in the correct section.
I will move your topic to the MQL4 and Metatrader 4 section.
 
Davy Verheirstraeten: How can i place more orders on the same time on different pairs? For example 1 order AUDUSD and 1 order GBPJPY

You open an order on AUDUSD and then on GBPJPY.

 
If i have a balance of €1000. I can use 2 times lotsize0.1 or do i have to use 2 times 0.05...
 
Davy Vs: If i have a balance of €1000. I can use 2 times lotsize0.1 or do i have to use 2 times 0.05...

  1. If you wanted to buy two cars, why would you think you could only buy to sub-compact ones and not two full-size?

  2. Risk depends on your initial stop loss, lot size, and the value of the symbol. It does not depend on margin and leverage. No SL means you have infinite risk. Never risk more than a small percentage of your trading funds, certainly less than 2% per trade, 6% total.

    1. You place the stop where it needs to be — where the reason for the trade is no longer valid. E.g. trading a support bounce the stop goes below the support.

    2. AccountBalance * percent/100 = RISK = OrderLots * (|OrderOpenPrice - OrderStopLoss| * DeltaPerLot + CommissionPerLot) (Note OOP-OSL includes the spread, and DeltaPerLot is usually around $10/pip but it takes account of the exchange rates of the pair vs. your account currency.)

    3. Do NOT use TickValue by itself - DeltaPerLot and verify that MODE_TICKVALUE is returning a value in your deposit currency, as promised by the documentation, or whether it is returning a value in the instrument's base currency.
                MODE_TICKVALUE is not reliable on non-fx instruments with many brokers - MQL4 programming forum 2017.10.10
                Is there an universal solution for Tick value? - Currency Pairs - General - MQL5 programming forum 2018.02.11
                Lot value calculation off by a factor of 100 - MQL5 programming forum 2019.07.19

    4. You must normalize lots properly and check against min and max.

    5. You must also check FreeMargin to avoid stop out

    Most pairs are worth about $10 per PIP. A $5 risk with a (very small) 5 PIP SL is $5/$10/5 or 0.1 Lots maximum.

New comment