Useful Mt4 Scripts
For a trader to survive he must first learn to protect his capital.
Useful mt4 scripts. If you double click on the script in the navigator menu then it will apply to all graphs of currency pairs and all positions in the mt4 terminal. Pretty simple it was my first ea or script for mt4 i have not written any peice of code since then. The description of the dll functions is given in the attached example. In other words if you need to do a task repetitively and consecutively then scripts do not help in this aspect.
The scripts mention above will aid you to set a profit target very much like the two images shown below. In other words where an expert works almost continuously a script having completed the function once stops functioning by itself. In the mt4 terminal scripts are located in the navigator window after indicators and advisers. After performing its function the script will automatically be deleted from the chart.
For me i do not find it so much interesting on write code right now anyway i have some other scripts that i use for trading i could share them when i get home not sure if anyone would find them usefull but hopefully someone. A dll to manage and exchange data between mt4 and ms excel. For example you can delete all objects from a chart or place a set of orders for an open position. Scripts are small applications that perform one time actions.
Before starting to use scripts one has to set them up. Working parameters common for all scripts are stated in the terminal settings window this window can be opened by the tools options menu command or by pressing of accelerating keys of ctrl o. To set up script parameters one has to open the expert advisors tab. The example is a script that sends quotes to excel and builds the diagram of daily price changes.
Find here hundreds of applications that can automate small analytical or trading functions. For a trader to be profitable he must learn to protect its profits regardless of when and how much. A script can fulfil both analytical and trading functions.
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