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FOREX UTILITIES FOR MT4


If you trade forex, you are in the right place ---

experts run continuously with every tick of price movement when attached to a chart --- scripts execute once and exit when dropped on a chart

the following package of utilities does not favor, and does not do any robotic trading, everything is under your control



MT4 EXPERTS


1. expert_TotalProfitTrailer

parameters: currencyprofittostarttrail , currencydowntrail , stopatcurrencyloss

action on every tick: monitors the total PnL of all open positions (cumulative) and when the profit reaches 'currencyprofittostarttrail' it starts trailing the profit forward allowing (because of volatility) for a backward move equal to 'currencydowntrail' which if exceeded all open positions are closed, also if there is a loss equal to 'stopatcurrencyloss' again all open positions are closed. for example if the above parameters are 100, 30, 50 respectively, and the profit gets to 100 (expert starts trailing), then to 80, then to 120, then to 160, and then to 130, positions will be closed because the 'currencydowntrail' will have been breached. optimal parameters will depend on your trade. 'currencyprofittostarttrail' may be zero or even negative

2. expert_CloseAtEquityPlus

parameters: closeat , eqplus

action on every tick: (it's all about equity, not balance, obviously)

monitors account equity and when equity reaches 'closeat', all open positions are closed, and as long as it is still running, the next 'closeat' becomes 'closeat'+'eqplus' and so on, i.e. it keeps adding 'eqplus' to the equity to close at, after every 'closeat'. you might want to run this one alone, or along with one or more of the others, may be 'expert_closeifeqlessthan', or 'expert_TP', or any other as you see fit to your positions, it is basically a 'collective' take profit in currency units

3. expert_TP

parameters: TPpips, pipval

action on every tick: not collective, this expert monitors each position individually, 'TPpips' is the number of your desired profit pips, and 'pipval' is the value of each one pip per standard lot, if you don't know it, you can approximate it by 10.0 for the main currency pairs, but not for metals and other instruments, but not to worry, even if you are wrong, think of it this way: this expert will close any position which has made a profit of 'TPpips x pipval' (multiplied), in currency units per one (1) standard lot, different lot sizes are scaled accordingly, and in order to clarify, let's go to hypothetical extremes, if you set 'TPpips' to 10,000 and 'pipval' to 0.001, then you are telling the expert to close any position which has made 10 in currency profit, per lot, ie the multiplication of both, exactly the same as setting 'TPpips' to 1 and 'pipval' to 10, and this reflects the benefit of this expert; brokers have a stoplevel (not stopout) above/below which you are not allowed to set your take profit, with this expert you can take even 1 pip profit or still even 0.5 pip, or as many as you want, and it is hidden from your broker

4. expert_closeall_tp_sl

parameters: currencytakeprofit, currencystoploss

action on every tick: monitors total currency PnL of all open positions combined, and when profit reaches 'currencytakeprofit', or loss 'currencystoploss', closes all open positions, basically, a cumulative take profit and stop loss, of course it can be used if only one position is open

5. expert_closeifeqlessthan

parameters: closeat

action on every tick: monitors account equity, and if equity goes below 'closeat' in currency units, closes all open positions, perfect if you don't want your equity to go below a certain level


MT4 SCRIPTS


1. script_2limit

parameters: lotn , buysellpips , tpr , slr

action when executed: places one buylimit pending order of size 'lotn' standard lots, 'buysellpips' standard (4th or 2nd) decimal pips below the ask price, with a take profit of 'tpr' pips and a stop loss of 'slr' pips; and also places one selllimit pending order 'buysellpips' above the bid price, with the same 'lotn' 'tpr' and 'slr'

2. script_2stop

parameters: lotn , buysellpips, tpr, slr

action when executed: places one buystop pending order of size 'lotn' standard lots, 'buysellpips' standard (4th or 2nd) decimal pips above the ask price, with a take profit of 'tpr' pips and a stop loss of 'slr' pips; and also places one sellstop pending order 'buysellpips' below the bid price, with the same 'lotn' 'tpr' and 'slr' . if you like to trade high impact news, you will need this

3. script_closeallopenpositions

parameters: none

action when executed: closes all open positions regardless of profit or loss

4. script_closeallprofitablepositions

parameters: none

action when executed: closes all positions with a positive PnL

5. script_closeallopenpositionssymbol

parameters: symbolofpositionstoclose

action when executed: closes all positions of the instrument 'symbolofpositionstoclose' ; for example 'EURUSD' , choose the right symbol of your broker

6. script_deleteallpending

parameters: none

action when executed: deletes all pending orders

7. script_deleteallpendingbuys

parameters: none

action when executed: deletes all buystop & buylimit orders

8. script_deleteallpendingsells

parameters: none

action when executed: deletes all sellstop & selllimit orders

9. script_deleteallpendingsymbol

parameters: symbolofpendingstodelete

action when executed: deletes all pending orders of 'symbolofpendingstodelete', for example 'EURUSD'

10. script_placependingbuylimit

parameters: lotn , buysellpips , tpr , slr

action when executed: places one buylimit pending order of size 'lotn' standard lots, 'buysellpips' standard (4th or 2nd) decimal pips below the ask price, with a take profit of 'tpr' pips and a stop loss of 'slr' pips

11. script_placependingbuystop

parameters: lotn , buysellpips , tpr , slr

action when executed: places one buystop pending order of size 'lotn' standard lots, 'buysellpips' standard (4th or 2nd) decimal pips above the ask price, with a take profit of 'tpr' pips and a stop loss of 'slr' pips

12. script_placependingselllimit

parameters: lotn , buysellpips , tpr , slr

action when executed: places one selllimit pending order of size 'lotn' standard lots, 'buysellpips' standard (4th or 2nd) decimal pips above the bid price, with a take profit of 'tpr' pips and a stop loss of 'slr' pips

13. script_placependingsellstop

parameters: lotn , buysellpips , tpr , slr

action when executed: places one sellstop pending order of size 'lotn' standard lots, 'buysellpips' standard (4th or 2nd) decimal pips below the bid price, with a take profit of 'tpr' pips and a stop loss of 'slr' pips



The cost of this package is well over $1000 which not everyone can afford, so we are offering it here for only $9.50 (no more), unfair to us, but way more than fair to you, you can download the package after payment. The payment gateway is 100% secure.



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