A simple script that allows you to open a Long position using the current price location with a specified Risk Percentage and Reward Ratio.
Pretty simple, drag the script onto your chart and the inputs to change the Risk Percentage and Reward Ratio will pop up, change those values if you want to, hit the Ok button and the trade will execute.
If it fails, have a look at the expert tab to see why the order failed. The script has a Risk Percentage limit of 20%. That’s about it…enjoy!
MT5 Forex Script Characteristics
Platform: Metatrader 5
Time frames: any.
How to install Screenshot Script in MetaTrader 5 / MT5:
Copy and paste the buy.mql5 files into the MQL5 Scripts folder of the Metatrader 4 trading platform.
Restart your MetaTrader 5 application (assuming it’s currently open) … or Launch your MetaTrader 4 application
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL5 > Script (paste here)
On the left hand side, look for the “Navigator” window and under the “Common” tab, look into the “Scripts” section
Locate the indicator which you have just downloaded into the folder stated in Step 1
Drag (Click and drag) the Script onto the chart (when you want the task to be performed)
your task should now be executed…