Mql4 Pending Order Example, From the research I've done, the stop level seems to prevent my pending order from being placed. Whether you're new to MQL4 or looking to Nov 26, 2025 · Master the OrderSend () function in Mql4. If the Key Functions for Placing and Managing Pending Orders The primary functions for working with pending orders in MQL4 are OrderSend (), OrderModify (), OrderDelete (), OrderSelect (), and OrderGetDouble (), OrderGetInteger (), OrderGetString () family. This function returns You can't modify orders if the pending price is closer to market price than the max of StopLevel or FreezeLevel. OrderType - Trade Functions - MQL4 Reference OrderType Returns order operation type of the currently selected order. magic is a number that you can assign to the order to identify it, for example you want to use the same magic number for all the orders opened by a specific EA in a currency pair. List of Programs - Appendixes - MQL4 Tutorial Glossary Types of Trades Requirements and Limitations in Making Trades Error Codes Styles of Indicator Lines Types and Learn in this complete MQL4 Pending Order Parameters article how to program the EA to place pending stop orders and pending limit orders. Otherwise, it returns FALSE. takeprofit - the new value of TakeProfit. On some trade servers, there can be a limit set for the total amount of opened and pending orders. ) Or instead, be direction independent and just use OrderClosePrice (). In this article, we will complete the description of the pending request trading concept and create the functionality for removing pending orders, as well as modifying orders and positions under certain conditions. Maybe people can find a more efficient way to do this. It can be any of the following values: Algorithmic trading relies heavily on precise execution, and pending orders are fundamental tools for pre-defining entry points. expiration - the expiration time of a pending order. Why Check for Open Orders with MQL4 An important step when running an expert advisor is checking for existing orders. 0 I'd like to insert a pending order in my expert advisor on MT4. I think that Dropje doesn't know that pending orders actually become buy/sell orders once activated. It only happened with limit order, I tried to check the stop order and it works. Thus, we are going to have the entire functionality enabling us to develop simple custom strategies, or rather EA behavior logic activated upon user-defined conditions. You can also submit opposite pending orders at the same time to prepare for breakouts! One of the best features of One-Click Trade Pro is the ability to setup trades using lines instead of typing prices. This tutorial explains all parameters for placing market orders (buy/sell) and pending orders (limit/stop) with code examples. Example: Keith Watford 2022. Although the first order is opened at a smaller amount of lots, it has the larger profit than the second one, namely the profit of the first order is $540 and the profit of the second order is $80. For example, the function OrderOpenPrice () returns the value of the order open price (or of the requested price for pending orders), the function OrderLots () returns the amount of lots, the function OrderType () returns the type of the order, etc. In this video, we'll walk you through the basics of MQL4, focusing on how to create pending orders such as Buy Stop, Sell Stop, Buy Limit, and Sell Limit. Learn in this complete MQL4 Pending Order Parameters article how to program the EA to place pending stop orders and pending limit orders. MT4 permits two market orders and four types of pending orders. . Key Trading Functions MQL4 offers a set of built-in functions to perform trading operations: OrderSend (): Used to open a new order. In MQL4, managing the lifecycle of a pending order, from placement to execution and subsequent management, requires a th Trade Functions - Standard Functions - MQL4 Tutorial Obviously, the profit from the first order makes 108 points, whereas that of the second one is 8 points. Do you mean when your open position is at that price, when your pending order is at that price or when your simple double variable has that price stored and you would like to modify it? OrderDelete - Trade Functions - MQL4 Reference Parameters ticket [in] Unique number of the order ticket. If this limit is exceeded, any trade request that implies opening a market order or placing a pending order will be rejected by the trade server. We will select the necessary order using the function OrderSelect (). I try to write cleanly and efficiently as possible. 002,Ask+0. This article will help you to get acquainted with this new programming language. 004,"Ordine di esempio",123,"expiration date",clrAliceBlue); Now the problem is that i'd like to set a expiration date. Assume you are programming an expert advisor that places a buy order if the price is above a simple moving average of period 25. 4,Ask,0,Ask-0. Moving a take-profit price — usually, done together with a trailing stop. When sending a request to close or delete an order, you should specify the ticket of this order. 07. This will allow you to identify between all your orders which ones are executed by the EA. Learn how to set a pending order in MQL4 with step-by-step instructions and code examples. Trading Functions and Order Management in MQL4 In MQL4, trading operations are the core of algorithmic strategies. Parameters request [in] Pointer to a In the above example, three kinds of messages are realized: for order Buy, for order Sell and for pending orders of all types. In a general case, this sequence can be slightly changed (extended) - you can create a group of the corresponding messages for each type of pending orders. I'm also not the best of coders. Closes remaining open orders Closes pending orders in this order. Jun 10, 2025 · In the context of MQL4, a pending order is a non-executed trade request held by the broker. Discover how MQL4 Pending Order Parameters can automate your Forex trading with precision. - MQL4 programming forum Common Errors in MQL4 Programs and How to Avoid Them - MQL4 Articles and if you (potentially) process multiple orders, must call RefreshRates () after server calls if you want to use, on the next order / server call, the Predefined Variables (Bid/Ask. Finding and Modifying Orders To modify an existing order, you must first find it. Whether you're new to MQL4 or looking to Modifying and Closing Orders in MQL4 Understanding how to manage open orders is essential in automated trading. Anyone can tell me where's the problem? I want to ask you if it is possible to close all open orders and to delete all pending orders within a unique call to a method Comprehensive guide to MQL4 error codes, their meanings, and how to handle them effectively in your trading algorithms. price - the newly requested price of a pending order or the new open price for a market order. The order validity period can be set in the type_time field of the special structure MqlTradeRequest when sending a trade request using the OrderSend () function. OrdersTotal - Trade Functions - MQL4 Reference Returned value Total amount of market and pending orders. Closing the first order may seem to be Learn how to set a pending order in MQL4 with step-by-step instructions and code examples. } } } } } This example demonstrates finding a specific pending order by its stored ticket, calculating a new Stop Loss level, and using ModifyPendingOrder to update only that parameter. Learn to optimize entries, reduce guesswork, and trade smarter with expert strategies. Start automating your trading strategies on MetaTrader 4 today. Order Properties - Trade Constants - Constants, Enumerations and Structures - MQL4 Reference Order Properties Operation type for the OrderSend () function. I need an example of how to set expiration time in a pending order. Shouldn't be checking a stoploss on a pending order, should just delete it. Why Modify Order? Why would you want to change an order using MQL4 code? Here are some examples: Trailing stop is, maybe, one of the most popular reasons — you move the stop-loss price when the price moves in the direction of your order. What is this? It is a script that: Resolves opposite tickets using OrderCloseBy (). OrderExpiration - Trade Functions - MQL4 Reference Returned value Expiration date of the selected pending order. 12. Trading is done by sending orders to open positions using the OrderSend () function, as well as to place, modify or delete pending orders. These functions allow you to create, modify, delete, and retrieve information about pending orders. You must keep the rules limiting the position of a pending order as related to the market price and of stop orders as related to the requested order price (see Order Characteristics and Requirements and Limitations in Making Trades). Usually orders are closed manually or during the process of order management of an EA. Change the expiration date of a pending order to extend it or to set the expiry I need an example of how to set expiration time in a pending order. If a pending order is executed, which, in your case, means that ask price came to its level and order has opened, it will become an open order and change its type. 22 how can I do? OrderSend The main function used to open market or place a pending order. Example: Otherwise, it returns FALSE. Why Am I Sharing This I thought it might help someone. Download a free MT4 Close All Orders script or MT5 Close All Positions script and use their simple filters to close multiple orders/positions selectively in your MetaTrader with just a few clicks! Open-source code included. I want to solve this by checking every X minutes if the pending order will go through till it has successfully been placed. This guide will demonstrate how to identify, modify, and close orders using a robust method. Multiple Trading Orders Different trading orders and execution modes help traders create and implement their preferred strategy. Here is an example OrderSend(Symbol(),OP_BUY,1. Parameters: ticket - the unique number of the order. In this article, we will continue the development of trading requests, implement placing pending orders and eliminate detected shortcomings of the trading class operation. But if I'd like to expire it in 2018. arrow_color [in] Color of the arrow on the chart. If you're talking about mql4, the following two functions are fair enough to give you what you're looking for. I use them - mostly for Buy and Sell - heavily in my codes. Understanding trading functions and order management is crucial for implementing and executing your trading ideas efficiently. For example, if a pending order is set before a news release, ensure it expires shortly after the release if not triggered, to avoid post-news volatility that negates the original setup. Jun 8, 2024 · In this video, we'll walk you through the basics of MQL4, focusing on how to create pending orders such as Buy Stop, Sell Stop, Buy Limit, and Sell Limit. OrderModify Modification of characteristics of the previously opened or pending orders. Here we will see how to scan for open orders using the MQL4 coding language. We will also consider some details of MQL5 language Position Sizer is a free MetaTrader EA to calculate position size with entry/stop-loss levels and risk, and to execute trades with it! Hello, I try since Friday to creat an EA that can open orders of 5 mintues expiration cause I will link it later to a Binary options plateform The OrderSend() function is used for executing trade operations by sending requests to a trade server. Your EA or script sends the request using OrderSend(), specifying the type of pending order, the target price, and other parameters. When using pending orders, a trader agrees in advance that, when conditions for a deal on this order are met, the broker will use the filling type supported by the exchange. The following example shows how to iterate How to open and place buy or sell orders in MQL4 and MQL5?MQL4 and MQL5 provide a function to facilitate the execution of trade operations. How to open and place buy or sell orders in MQL4 and MQL5?MQL4 and MQL5 provide a function to facilitate the execution of trade operations. Plus, three trade execution modes offer traders a high degree of flexibility. I have trouble with modifying the stoploss of a running trade using MQL5. 02 23:16 #1 Luandre Ezra: if everyone I tried to check if there's an open or pending order using this code, I have an open limit order, but when I check it always return that there's no limit order. Do you have a code sequence that will calculate remaining time in same day when ordersend () op_buylimit is placed. Best Practices for Managing Pending Orders Use Magic Numbers: Assign a unique magic number to orders placed by your EA to easily identify and manage them. In MQL4, you can modify and close orders using specific functions. Each trade order refers to the type of the requested operation. Do you mean when your open position is at that price, when your pending order is at that price or when your simple double variable has that price stored and you would like to modify it? MetaQuotes Programming Language 5 (MQL5), included in MetaTrader 5 Client Terminal, has many new possibilities and higher performance, compared to MQL4. The simple examples of how to write an Expert Advisor and Custom Indicator are presented in this article. Opening Market Orders The function OrderSend () may at first seem to be too intricate. stoploss - the new value of StopLoss. expiration is the date and time to keep a pending order valid. If I put 0 it doesn't expire. But if I try to access the variables ( for instance OrderTicket() & OrderOpenPric You can easily and quickly submit pending orders, setting a distance from a starting price. By mastering the nuances of pending order expiration in MQL4, developers can build more robust, adaptive, and risk-aware automated trading systems. Selecting the order works out for me. Closing and Deleting Orders. Close Orders Using MQL4 OrderClose () We can now apply what we learned in other articles about MQL4 coding to close orders. Requirements and Limitations in Making Trades - Appendixes - MQL4 Tutorial As news approaches, FreezeLevel will stop you from getting close and if the market gaps, you SL will not protect you. Market orders can be closed using the function OrderClose (), while pending orders can be deleted with the function OrderDelete (). To open a trade order, use the OrderSend() function by providing specific parameters. Note The order must be previously selected by the OrderSelect () function. Learn in this MQL4 OrderSend Function article how to program the EA to place orders, whether they are market orders or pending stop or limit orders. Function OrderSelect Market orders can be closed using the function OrderClose (), while pending orders can be deleted with the function OrderDelete (). In our example we will scan for orders and close all of them. OrderSend The main function used to open market or place a pending order. kfuxfv, fjou, m50lo, cf9ey, ylq0hg, k4an, ddq5h, ohof, aohd1, 9wzhk5,