Move Stops to New Stop Loss Line

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Darren
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Joined: 20 Nov 2012, 13:54
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Move Stops to New Stop Loss Line

Unread post by Darren »

I have coded an indicator that will create a horizontal line on your chart. If you then run the script ALL stop losses for ALL orders on the current chart will be moved to the "newsl" horizontal line. This can be useful if you have a 2 or 3 add on's, or just want to move the SL without typing a new one in, but it will move the SL for all of the orders on the current chart, so be careful!.

Open the data folder on your MT4 terminal and put the "#MoveSLToNewSLLine.ex4" and "#MoveSLToNewSLLine.MQL4" into the directory MQL4/Scripts and put "#NewSL.ex4" and "#NewSL.MQL4" into the directory MQL4/Indicators. Restart MT4 and put the indicator "NewSL" onto your chart. Set the script up as a hotkey so that you can run it with pressing 2 keys. When you want to move the SL run the script by pressing the 2 keys! :)
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moty
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Re: Move Stops to New Stop Loss Line

Unread post by moty »

Hi Darren

Thank you for all your time investment and help.

1)Are you suggesting that I should use add on`s in my trading? :)

2) Can you please guide me, how to make Hot Key ?
Patience and Discipline is the key.
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Darren
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Re: Move Stops to New Stop Loss Line

Unread post by Darren »

moty wrote:Hi Darren

Thank you for all your time investment and help.

1)Are you suggesting that I should use add on`s in my trading? :)

2) Can you please guide me, how to make Hot Key ?
Hopefully one day we will all use add on's successfully! :)

To use a hotkey open up the MT4 Navigator in your MT4 Terminal and right click on the script. A menu will appear and one of the options will be Set Hotkey, click on it. Then you will see a dialog with all of the scripts that you have loaded, so find the #MoveSLToNewSLLine script and select a control (Alt or Ctrl) and a number or letter. I use "Alt 5" myself as I have 5 scripts I use regularly. Press close and you are done! To use the script you press the two keys (e.g. Alt 5) and the script will run. Using hotkeys is an extremely quick way of running scripts so it is well worth spending 30 seconds setting them up.

Any problems then let me know :)
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immy
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Re: Move Stops to New Stop Loss Line

Unread post by immy »

Darren wrote:
moty wrote:Hi Darren

Thank you for all your time investment and help.

1)Are you suggesting that I should use add on`s in my trading? :)

2) Can you please guide me, how to make Hot Key ?
Hopefully one day we will all use add on's successfully! :)

To use a hotkey open up the MT4 Navigator in your MT4 Terminal and right click on the script. A menu will appear and one of the options will be Set Hotkey, click on it. Then you will see a dialog with all of the scripts that you have loaded, so find the #MoveSLToNewSLLine script and select a control (Alt or Ctrl) and a number or letter. I use "Alt 5" myself as I have 5 scripts I use regularly. Press close and you are done! To use the script you press the two keys (e.g. Alt 5) and the script will run. Using hotkeys is an extremely quick way of running scripts so it is well worth spending 30 seconds setting them up.

Any problems then let me know :)
Thanks Darren, I've been using my Magic Lines for a long time, until this 600 update ruined the script and the guy does not sell em anymore... I love keyboard short cuts.. I guess its old school but works for me and its really fast. For me, its always Alt S to bring the lines up, and Alt X t oput a PO and Alt E to do a market order but I shall start a little different combination for the Easy Order stuff. thanks for that btw... its a gem...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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