Set Fixed SL and TP

[Applewhite]

Hi I have a problem I have to attach it to the chart everytime after I placed a trade to have a fixed sl and tp, otherwise it doesnt work

 

[Enivid]

Hi I have a problem I have to attach it to the chart everytime after I placed a trade to have a fixed sl and tp, otherwise it doesnt work

Yes, that's how it is supposed to work. It's a script, it runs only once.

 

[eodai]

Please Help!

I'm trying to figure this out for a while now. I've not been able to get through with it.

I want to loop through the recently closed trade and if it's a sell order and it's stoploss was hit, a buy trade should triggers immediately.
The issue now is " a buy trade open when a sell trade is still active " How do I fix it to open when the sell trade closes?

Here's my code below!

    // Loop through all recently closed positions
    for (int i = OrdersHistoryTotal() - 1; i >= 0; i--)
    {
        if (OrderSelect(i, SELECT_BY_POS, MODE_HISTORY))
        {
            // Check if it's a sell order and its stoploss was hit
            if (OrderType() == OP_SELL && OrderStopLoss() > 0 && OrderStopLoss() >= OrderClosePrice())
            {     
                // Place buy trade
                ticket = OrderSend(Symbol(), OP_BUY, lotSize, entryPrice, 3, 0, 0, "Buy order placed by MyScript", 0, 0, clrNONE);
                
                // Check for errors
                if (ticket < 0)
                {
                    Print("Error placing buy order: ", GetLastError());
                }
                else
                {
                    Print("Buy order placed successfully at price: ", entryPrice);
                }
            }
        }
    }

 

[ShortNote]

The Set Fixed SL and TP script has been updated to version 1.01 to introduce numerous changes:

• Added an MT5 version of the script.
• Added an option to apply stop-loss and take-profit based on the current price rather than open price.
• Added an option to work with pending orders as well.
• Added an option to set SL and TP not only for the current trading symbol.
• Added an option to skip either SL or TP by setting the respective input parameter to zero.
• Added a filter based on trade's direction.
• Changed the script to work based on points rather than pips.
• Removed the Slippage input parameter (wasn't used).
• Refactored the MQL4 code.

hello, thanks for this script, but please is there any other way this scripts works like an EA, so when its been added to a chart regardless of a new position let it automatically work for it, instead of the regular way of applying it to the chart again ater putting on a new position.

 

[Enivid]

hello, thanks for this script, but please is there any other way this scripts works like an EA, so when its been added to a chart regardless of a new position let it automatically work for it, instead of the regular way of applying it to the chart again ater putting on a new position.

No, its code should rewritten to work as an EA.

 

[toshin]

Hello, is it possible to set TPs according to this rule:
I want to risk 1000 USD from entry to SL.
At Target 1:1 = 1000 USD, it closes 50%.
At target 1:2 = it closes remaining of the positions.

 

[Enivid]

Hello, is it possible to set TPs according to this rule:
I want to risk 1000 USD from entry to SL.
At Target 1:1 = 1000 USD, it closes 50%.
At target 1:2 = it closes remaining of the positions.

No, this script cannot do this.

 

[Enivid]

Set Fixed SL and TP has been updated to version 1.02 to make some important changes:

• Added an option to not apply any changes to either SL or TP.
• Added an option to take multiple attempts at each trade modification.
• Added an option to change SL/TP to exact levels rather than a distance in points. (@MikeCreativ)
• Changed how the script warns about autotrading being disabled. It will now point out where exactly it is disabled.
• Changed the error messages to be more informative.
• Fixed a bug that could cause the script to attempt to modify a trade even when there is no change to the existing SL/TP.
• Fixed a bug with tick size normalization in MT4.
• Fixed a bug that could prevent setting a correct SL/TP level for pending orders in MT5.

 

[Enivid]

The Set Fixed SL and TP script has been updated to version 1.03 to add the TP as percentage of SL option (@janwro28) and simplify its input parameters.