Useful Mt4 Scripts
Scripts are small applications that perform one time actions.
Useful mt4 scripts. Trading scripts in metatrader 4 mt4 can be used for various things like closing all trades at a time or automating the selection of trading lot. Find here hundreds of applications that can automate small analytical or trading functions. 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.
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. In the mt4 terminal scripts are located in the navigator window after indicators and advisers. In other words if you need to do a task repetitively and consecutively then scripts do not help in this aspect.
For a trader to be profitable he must learn to protect its profits regardless of when and how much. To set up script parameters one has to open the expert advisors tab. The scripts mention above will aid you to set a profit target very much like the two images shown below.
For example you can delete all objects from a chart or place a set of orders for an open position. Mt4 scripts can do a lot of automation but the most important point to remember is that scripts run only once. A script can fulfil both analytical and trading functions.
For a trader to survive he must first learn to protect his capital. Pretty simple it was my first ea or script for mt4 i have not written any peice of code since then. Unlike experts scripts are executed on request not by ticks.
In other words where an expert works almost continuously a script having completed the function once stops functioning by itself. 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. The example is a script that sends quotes to excel and builds the diagram of daily price changes.
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