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All about Script(s) for MT5 - Pending orders UP and Pending orders DOWN

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by , 12-13-2017 at 10:19 AM (4179 Views)
      
   
Interesting scripts were found (for MT5):

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Pending orders UP - script for MetaTrader 5

Name:  eurusd-h1-metaquotes-software-corp.png
Views: 566
Size:  34.9 KB

The "Pending orders UP" script sets a grid of orders above the current price.
Input Parameters
  • Gap for pending orders UP from the current price (in pips) - the distance from the current price to place the first pending order.
  • Step between orders UP (in pips) - distance between pending orders.
  • Type of pending orders UP - the type of the pending order (can be either Buy Stop or Sell Limit).
  • UP quantity - the number of orders to be placed.
  • Lots - the volume of each order.
  • Stop Loss (in pips) - Stop Loss value.
  • Take Profit (in pips) - Take Profit value.
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Pending orders DOWN - script for MetaTrader 5

Name:  usdchf-h1-metaquotes-software-corp.png
Views: 587
Size:  32.2 KB

The "Pending orders DOWN" script sets a grid of orders below the current price.
Input Parameters
  • Gap for pending orders DOWN from the current price (in pips) - the distance from the current price to place the first pending order.
  • Step between orders DOWN (in pips) - distance between pending orders.
  • Type of pending orders DOWN - the type of the pending order (can be either Buy Limit or Sell Stop).
  • DOWN quantity - the number of orders to be placed.
  • Lots - the volume of each order.
  • Stop Loss (in pips) - Stop Loss value.
  • Take Profit (in pips) - Take Profit value.

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