Set Buy Stop Limit Order script for MetaTrader 5

Set Buy Stop Limit Order script is developed for placing a Buy Stop Limit order with fixed trigger levels, Stop Loss and Take Profit levels in points from the current price and order trigger prices. The main advantage of this script is its ability to fix a deal volume, which depends on the entire deposit size, using MM (Money Management) script input parameter. This script determines a ratio between the amount of funds involved in the deal and all the funds of the deposit.

The script input parameters:

//+----------------------------------------------+
//| INPUT PARAMETERS OF THE SCRIPT               |
//+----------------------------------------------+
input double  MM=0.1;       // Money Management
input uint  LEVEL1=300;     // Trigger level of the first Stop order in points from the current price
input uint  LEVEL2=300;     // Trigger level of the second Limit order in points from the current price
input uint  STOPLOSS=300;   // Stop loss in points from the open price
input uint  TAKEPROFIT=800; // Take profit in points from the open price
input uint  EXPIRED=0;      // The duration of the order in hours (0 - without time of cancellation)
input uint  RTOTAL=4;       // The number of repeats on unsuccessful transactions
input uint  SLEEPTIME=1;    // Pause time in seconds between repeats

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Set Buy Stop Limit Order script for MetaTrader 5

MT5 Forex Script Characteristics

Platform: Metatrader 5

Type: Script

Time frames: any.

How to install Screenshot Script in MetaTrader 5 / MT5:

Copy and paste the setbuystoplimitorder.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…

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