Script for installing a ladder of orders.

There are many interesting tactical approaches to orders, one of which is the creation of a kind of profit ladder, when several orders are opened simultaneously with the same opening price, the same direction and stop loss size, but the take profit will be different for everyone.

For example, we set 5 buy orders, the first of which will close with a profit of 20 points, the second 30, the third 40, etc., the safety stop loss for all is 30 points.

This approach, in theory, makes it possible to take the maximum amount of profit and reliably insure against large drawdowns.

You can place a ladder of orders either manually or using the script that you will download at the end of the article.

The script has the following parameters:

• Transaction direction - 0 buy, 1 - sell.
• Number of orders - at the request of the trader.
• Stop loss .
• Take profit size.
• Step between orders - if necessary.
• Volumes of opened positions.
• Allowable slippage.

As you can see from the settings, the functionality of the script is quite high.

Download Script for installing the order ladder .