Script for setting up an order ladder.

There are many interesting tactical approaches to order placement. One such approach is creating a profit ladder, whereby multiple orders are simultaneously opened with the same opening price, direction, and stop-loss size, but each one has a different take-profit.

For example, we place five buy orders, the first of which closes with a profit of 20 pips, the second with 30 pips, the third with 40 pips, and so on, with a safety stop-loss at all 30 pips.

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

You can set the order ladder either manually or using the script, which you can download at the end of the article.

The script has the following parameters:

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

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

Download the Order Ladder Setting Script .