TradeOpen (Free MT4 Script)
Did you even wonder what it would be like to open a trade on Metatrader 4 with your stop loss and take profit set automatically in just a few clicks? It takes lot of time to calculate the right stop loss and take profit price. And if it is 5 digit broker the things get complicated even more.
We have developed a special MT4 script that will open trade with your desired settings. You can set lot size, take profit in pips, stop loss in pips, have magic number added to your trades and you can even set the script to open multiple trades at the same time. Many trading systems require to open 2 or 3 trades with the same stop loss but different take profit. This way you get the most of the trades and earn bigger profits when market moves in the right direction. Imagine if you win 1 trade with 300 pips take profit. Now if you had open 3 trades instead of 1 and set take profit levels to 100, 200 and 300 pips your trades would earn 100+200+300=600 pips profit.
TradeOpen script features
- Script is free of charge and works on any Demo and Real account
- designed for Metatrader 4 platform
- can open any amount of trades with different Take Profit
- you can choose to not add Take Profit on the last trade if you want to close it manually using your own exit rules
- you can set Stop Loss and Take Profit in pips
- you can set Magic Number to be added to your trades
- Any desirable features can be added individually for additional payment
Script is free of charge
How to use TradeOpen script?
- Double-click the script to execute or attach it to the desired chart
- A window will show up with the settings. Make sure you have “Allow live trading” enabled in the “Common” tab
- Select “Inputs” tab and set your desired settings
- Click OK and watch the script opening the trade(s) according to your settings
TradeOpen script Inputs
this is where you set the type of the trade. Set this value=0 to open BUY trade(s), or set this value=1 to open SELL trade(s). You can also set the script to open pending orders.
tell the script how many trades you want it to open
this is where you set lot size for the trades. If this value is set to 0 (zero) the script will use minimum lot size available
this is where you set stop loss for the trades. All trades will have the same stop loss if you choose to open more than 1 trade
this is where you set take profit for the trades. All trades will have different take profit if you choose to open more than 1 trade. Example: if you set to open 3 trades and choose take profit of 50 pips, the script will use 50, 100 and 150 pips take profit
if this value is set to true the script will not add take profit to the last trade so you could close it by your own exit rules. If you set this to false the script will add take profit to all trades
this is where you set entry price for the pending orders. If you choose BUY or SELL trade this value is ignored.
this is where you choose what magic number must be set for the trades
