Using this command the Stop Loss can be moved to the price, at which the command is called. Stop Loss this command appears if the user has an open position for the selected symbol and a Stop Loss is set for that position.Using this command the Take Profit can be moved to the price, at which the command is called. Take Profit this command appears if the user has an open position for the selected symbol and a Take Profit is set for that position.If you open the menu in the area of sell offers, the menu suggests the Buy Stop command, in the buy offers area it suggests the Sell Stop command. Sell Stop / Buy Stop place a Sell Stop or Buy Stop order at the price, at which the context menu is called.If you open the menu in the area of sell offers, the menu suggests the Sell Limit command, in the buy offers area it suggests the Buy Limit command. Buy Limit / Sell Limit place a Buy Limit or Sell Limit order at the price, at which the context menu is called.The set of command varies depending on where it is called. Buy make a Buy deal in the size specified in "vol" field at the best available price.ĭepth of Market has an adaptive context menu.It allows you to close the entire position at the best available price. Close this button is enabled only if there is an open position for a selected financial instrument.Sell make a Sell deal in the size specified in "vol" field at the best available price.This parameter is specified in points from the current price. tp Take Profit level is set for placed limit orders.vol the volume of created market and limit orders in lots.This parameter is specified in points from the current price sl Stop Loss level is set for placed limit orders.The lower part of DOM contains trade operation settings: if this button is pressed in the Ask prices area, a Sell Limit order at a specified price will be placed in case it is pressed in the Bid prices area, a Sell Stop order will be placed. if this button is pressed in the Bid prices area, a Buy Limit order at a specified price will be placed in case it is pressed in the Ask prices area, a Buy Stop order will be placed.
The order is placed at the price with a pressed button. Pending Ordersīuttons for placing pending orders are located at the right side of Trading column. Traders can send market and pending orders. The Trading column displays trader's current trade requests and stop levels ( Stop Loss and Take Profit). Further levels are set according to the symbol's price step. The next level is set as the closest level allowing placing Buy Limit and Sell Limit orders considering stop level for the symbol. The best depth of market prices are the current Bid and Ask for the symbol. The upper part (colored in red) displays Ask prices, while the lower part (colored in blue) displays Bid prices. The main part of DOM is occupied by the list of prices.
To open the Depth of Market window of a financial instrument, click " Depth of Market" in the context menu of the Market Watch. This tool provides the ability of quick and easy order management. The script completes its working after it has been deleted from the chart.The depth of market displays the current market for a trading symbol. The script algorithm will be launched immediately after that.
To launch a script, one has to attach it to the chart. Every script has its own settings, as well. Working parameters common for all scripts are defined in the client terminal setup window. One has to set up scripts first before using them. It is a constituent of the client terminal and represents a convenient development environment of MQL4 programs. The built-in "MetaEditor" is used to create and compile a script. In other words, where an expert works almost continuously, a script, having completed the function once, stops functioning by itself. Unlike experts, scripts are executed on request, not by ticks. A script can fulfil both analytical and trading functions. Script is a program written in MetaQuotes Language 4 (MQL4) and intended for a single performing of any actions.
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