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Virtual OCO Pending

30 USD

Demo downloaded: 26

Published: 15 May 2020

Current version: 1.3

Virtual OCO Pending

Name: Virtual OCO Pending
Price: 30.00 USD
Rating: 5 (1 reviews)
Author: Kenneth Parling

Utilities
Kenneth Parling
Version: 1.3
Updated: 10 May 2021
Activations: 7

Introduction

'Virtual OCO Pending' - a semi automatic order management utility tool (expert adviser) with risk assessment which let's you quickly place pending stops or limits with a button click at current price with virtual take profit and stop loss using OCO pending rule (One Cancel Other). Visual levels drawn on chart for easy visual confirmation. You can use this utility from one single chart to send orders on any other symbol you want, no need to attach it to the corresponding chart (optional) as you specify in menu setting what symbol you want to place the orders on.

Visual virtual levels

These are drawn only on the current open chart utility attached to and has to match the setting 'Traded symbol', in other words - if you have set 'EURUSD" and attach utility to chart EURUSD these levels are visual else not.

Strategy tester

When you run this utility in strategy tester it open orders randomly to demonstrate it's purpose

Utility advantages

Dynamic risk assessment or fixed lots
Dynamic (ATR) or fixed take profit and stop loss levels
Possibility to turn virtual order management off - Warning,this mode does set nor monitor any virtual stop loss or take profit
Order control panel with quick send/clear/delete buttons

Utility menu settings

Distance - Pending stops/limits distance from price in pips
Disabled levels - This mode turns off virtual management - no virtual stop loss/take profit will be set nor monitored
Fixed levels - Fixed take profit and stop loss levels in pips
ATR levels - Dynamic (ATR) take profit and stop loss multiply factors
General settings - Traded symbol,prefix,suffix,take profit/stop loss level types,pending order types,level objects style,magic number and slippage
Risk assessment - Trade using dynamic position size risk percent or by fixed lots

In general how to Purchase/install/update a market Product

https://www.mql5.com/en/articles/498

more...

Gregg Housh 2020.08.28 06:12 #

This does exactly what it is supposed to. It puts up OCO pending orders and manages virtual stop loss and take profits. It works great. I use it every day now!

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Introduction Forex Martingale Multi Swap, the expert who focus on positive swap rates. This expert only trades in the direction of positive swaps in order to avoid negative charges and this in turn means that if the order were to be exposed to overnight swap interest fees, these will always be positive and you gain extra from this. The expert is of the multi-trade type and handles up to 28 Forex major/minor symbols at once from a single diagram, which makes it very efficient and easy to read. A

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Introduction MetaTech Algo invest present to you our cutting-edge expert Currency Strength M4, a complete advanced algorithmic system that measures the strength between the eight currencies AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD and in turn generates a total of 28 traded pairs. Continue reading this documentation so that there is no ambiguity about its use at a later stage. What are the benefits of the system in general? A variety of settings can be used and trading can take place on any time f

1 100 USD

Introduction Expert 'Simple RSi Unlimited' - Simple? yes! Suits both the novice trader as the professional and all in between. Entry signals by well known and popular Relative Strength Index. Equipped with trailing stop and break even to secure position profits. No dangerous trading techniques used and this expert never interfere with other experts you may run on the same account. Default expert presets Works on any time frame and most common Forex symbols, tested only on EURUSD. You must make

45 USD

Introduction Forex Martingale Multi M4 expert for Meta trader 4 is a martingale based algorithm equipped with trading signals based on the Relative Strenght Index overbought/oversold price model. Security is a must for a martingale algorithm in order to counter a completely wipeout in the best possile way, and of course this is included. It is important to point out and that the user understands that the use of martingale is not completely risk-free and should be taken very seriously as MetaTech

149 USD

Introduction MetaTech Algo Invest presents to you our new expert Zeta HedgeBot M4 for Meta Trader 4. Actually, the correct technical term for this system is 'flip trading' but we still chose to give the system a name containing hedge as only it fits the type of expert for publishing and cataloging in the Mql5 platform. So what is the definition of a flip trading system? In trading, the term "flip" is often used to describe a situation where a trader changes their position from long to short, or

60 USD

Introduction Expert Randomizer for Meta Trader 4 - Trading robot based on pure randomness. No indicators, nothing at all - only pure randomness will open a trade, either a buy or a sell. So, ask your self - Is it your lucky day or not? you can never really know. It's like walking into a casino placing your bet on either black or red. You could be extremely lucky and make some really good profits or....very very unlucky and loose. Don't cry if you loose, you've been warned! Randomizer does not u

45 USD

Introduction Forex Martingale M4 expert is exactly what the name says, a martingale system that you can use on any Forex major/minor symbol. What differs from many other products is that you yourself determine its settings and the risks you are willing to take, in other words you get to set/optimize the desired settings to your own advantage. However, the expert presets that it comes with are no guarantee that these will work on all intended Forex major/minor symbols. The expert is equipped wit

45 USD

30 USD

Introduction The Mighty Alligator - a trend-following indicator following the premise that financial markets and individual securities trend just 15% to 30% of the time while grinding through sideways ranges the other 70% to 85% of the time. The Mighty Alligator indicator uses three smoothed moving averages, set at five, eight and 13 periods, which are all Fibonacci numbers. The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that s

40 USD

Introduction VR MFI Expert M4 - Safe,stable and quite simple trading robot based on Money Flow index. Equipped with virtual (VR) take profit, orders always set with initial stop loss (ISL) in case a loss of connection between broker server and terminal occur to secure funds if a sudden market move arise in the wrong direction. Additionally, trailing stop available to secure position profits. How does it work? Any Forex major/minor (no metals or other) symbol can be traded after optimization and

45 USD

Plot History Mt5, an indispensable script for the trader that analyzes the trading history of your trading terminal and account performed by expert advisors. The analysis method is based on the symbol diagram on which the script is run as well as the magic number, a specific or a complete analysis of all magic's used by one or more experts. The script analyzes trade data and can plot these on the chart, print out detailed trade information in the expert log and export analyzed data to csv. Adva

40 USD

Multi Chart Refresh Mt5, is a fast, smoothly indispensable script that makes it possible to refresh several charts simultaneously from one and the same. Multitasking makes this possible as you can choose in advance which symbols you want to refresh. How does it work? Open up any chart, drag the script from the navigator and drop it on the chart. Set the desired symbols and click OK, done! Note that this is a script and no expert advisor, the program removes itself from the chart when the task i

40 USD

A common sense approach to price observation Buy when prices are going higher and sell when prices are going lower The above statement of buying when prices are going higher or selling when prices are going lower may be too broad and therefore it may need some guidelines and rules, this is where The 3 Duck’s comes into play. Price Average Mt5 indicator will help you identify buying opportunities in the direction of the last uptrend and selling opportunities in the direction of the last down

40 USD

ROC Price Histogram Alert is a momentum-based technical indicator that measures the percentage change in price between the current price and the price a certain number of periods ago. ROC is plotted with a histogram against zero, with the indicator moving upwards into positive territory if price changes are to the upside, and moving into negative territory if price changes are to the downside. The main step in calculating the ROC period, is the 'calculated period' input setting. Shor

40 USD

Introduction Forex Martingale M5 expert is exactly what the name says, a martingale system that you can use on any Forex major/minor symbol. What differs from many other products is that you yourself determine its settings and the risks you are willing to take, in other words you get to set/optimize the desired settings to your own advantage. However, the expert presets that it comes with are no guarantee that these will work on all intended Forex major/minor symbols. The expert is equipped wit

45 USD

Introduction MetaTech Algo Invest presents to you our new expert Zeta HedgeBot M5 for Meta Trader 5. Actually, the correct technical term for this system is 'flip trading' but we still chose to give the system a name containing hedge as only it fits the type of expert for publishing and cataloging in the Mql5 platform. So what is the definition of a flip trading system? In trading, the term "flip" is often used to describe a situation where a trader changes their position from long to short, or

60 USD

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Gregg Housh 2020.08.28 06:12 #

This does exactly what it is supposed to. It puts up OCO pending orders and manages virtual stop loss and take profits. It works great. I use it every day now!

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Reply from developer Kenneth Parling 2021.10.17 17:20 #

Thank you so much for your rating and review, appreciated! Wishing you all the best.

Version 1.3 2021.05.10

This version;
1. Product logo change

Version 1.2 2020.08.29

This version;
1: As per user request an option 'Disabled' added to completely turn virtual order management off. This mode will not monitor stop loss or take profit.

Version 1.1 2020.08.15

This version;
1: A tiny pointer bug fix