Scripts for working on Forex
The MetaTrader 4(5) trading terminal offers many additional features, but comfortable operation still requires the use of additional Forex scripts. These programs significantly simplify trading, thereby increasing its efficiency. They do not perform trend analysis or provide trading signals; they merely add certain functions to the trader's terminal.
Forex scripts allow you to place pending and instant orders with a mouse, close all orders with a single click, calculate the breakeven point, manage open positions, and offer a host of other features. All programs presented are completely free; after choosing the program you need, you can download it from our website.
Installing the script : Download the required file to your computer, unzip the archive, and add the program file to the expert/scripts folder located in the Metatrader 4 installation location.
List of scripts available for download:
1. Automatic placement of pending orders – places two orders: buy-stop and sell-stop; you can specify the direction of the transaction if desired.
2. Closing Profitable Orders – A pretty good Forex script for automatically closing all profitable orders as soon as the profit reaches the required level.
3. Closing all unprofitable positions – triggering a stop allows you to avoid losses.
4. Breakeven Level Determination - automatically determines the level after which a position begins to generate profit.
5. Placing pending orders with a mouse is the simplest way to place pending Forex orders, using a template or a mouse.
6. Forex lot calculation - automatically calculates the lot based on the specified parameters of the transaction security level, taking into account the remaining funds and all open transactions.
7. Forex margin calculator – shows how much funds are required to open a 0.1 lot trade on any currency pair. Simple installation and no settings required.
8. Closing all orders is a simple and effective tool: one click of the mouse and all open trades are instantly closed.
9. Forex Trading Risk Script - As the program's name suggests, it calculates risk based on your basic settings and displays the recommended trade size and stop orders.
10. Calculating market volatility - the easiest way to find out everything about price movements over a selected time period is to install this script.
11. Trailing stop script - automatic installation on any number of open positions.
In the future, the library of scripts on our website will be constantly updated as they are tested and added to the site.
