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Market volatility, volume and system availability may delay account access and trade executions. Past performance of a security or strategy is no guarantee of future results or investing success. Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial.
Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options. Orders placed by other means will have additional transaction costs. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement prior to trading futures products. Forex trading involves leverage, carries a high level of risk and is not suitable for all investors.
If an order is found, the control is passed to the body of the operator 'if' to get and analyze the characteristics of that order. In block , the orders opened for wrong symbols not the symbol, for which the program is being executed are filtered out.
Function OrderSymbol returns the symbol name of the selected order. If this symbol name is other than that, for which the program is being executed, the current iteration is broken, preventing the order opened for another symbol from being processed. If the order under analysis turns out to be opened for "our" symbol, one more check will be performed. The order type is determined using the function OrderType see Types of Trades. If the order type turns out to be more than 1, it means that the order is a pending one.
In this case, the current iteration is interrupted, too, because we are not interested in pending orders. In our example, we have such an order, but it is opened for another symbol, so it has already been filtered out. All orders that pass block successfully are market ones. Block is intended for selecting only one order of all market orders that have successfully passed the preceding block. The user is not required to "pinpoint" the order line with his or her mouse cursor.
The order that is closer than any other orders to the cursor as of the moment of launching the script for execution will be selected. The open price of the order processed is found using the function OrderOpenPrice. If the absolute value of the distance between the price of the current order and the "cursor price" is less than the same distance for the preceding order, the current order will be selected the absolute value of the distance is necessary for excluding of the influence of the cursor position - under or above the order line.
In this case, this order will be memorized at the current iteration of the cycle 'for' as a front-runner for being closed. For this order, the ticket number the individual number of the order and the amount of lots are calculated at the end of block In this example Fig.
Then the control in the executing program will be passed to the cycle operator 'while' block In block , the market orders found are checked for availability. If the checking in block detects no market orders, the execution of the cycle 'while' is broken, the program then finishes its operations. In block , according to the order type, the close price of the order is calculated.
In block , the values of the auxiliary variable Text are calculated. If the trade request is successfully executed on the server, the value 'true' will be assigned to the variable Ans answer. In this case, when executing block , the program will inform the user about successful order closing. After that, the execution of the cycle operator 'while' will be stopped, and the program will end its operations. Otherwise, the control will be passed to block in order to analyze the error returned by the client terminal to the program.
At the beginning of block , the error code is calculated. After that, according to the error code, either program exit or repeated operation are executed. In the first operator 'switch', the program processes the errors that are implicitly overcomable, i. All necessary actions are taken for each of such errors, then the current iteration is stopped and the execution of the cycle 'while' restarts.
Sell Limit — a great Order within Order in order to Sell the actual safety through as well as within the particular price. To ensure improved price, the particular Order ought to be situated through as well as within the existing industry ask for.
Buy Stop — a great Order within Order in order to Buy the actual safety inside a price within the existing industry wager. The actual Stop Order within Order in order to Buy will get lively simply carrying out a particular price level might be reached known because the Stop level.
Stop Orders perform inside the change route from the Limit Order, together with Buy Stop Orders situated within the industry in addition to Sell Stop Orders situated underneath the industry. The moment the actual Stop level might be reached, the particular Order will probably be immediately turned into a business as well as Limit Order. You will discover four types of Pending Orders accessible in MT4.
Limit Orders ought to be added to the best element in the industry to ensure they will function related to improving price. For just about any Buy Limit Order, this means placing the particular Order through as well as underneath the existing industry wager. Sell Limit — a great Order within Order in order to Sell the actual safety through as well as within the particular price. To ensure improved price, the particular Order ought to be situated through as well as within the existing industry ask for.
Buy Stop — a great Order within Order in order to Buy the actual safety inside a price within the existing industry wager.
Aug 13, · 1 - Execute multiple simulataneous (adjustable number) pending BUY Limit / Stop and SELL Limit / Stop once price defined is hit. 2 - Same script as above with option to . Oct 21, · 1st pending order [ @ Drag Drop]: GBPUSD sell limit @ 2nd: enter when 10 pips away from 1st order. GBPUSD - vol - sell limit - @ 3rd: enter when . Jul 21, · EA FOR OPENING MULTIPLE ENTRIES | MT4 multiple order script for trading: Forex Trading strategies. EA FOR OPENING MULTIPLE ENTRIES | MT4 multiple order scrip.