|
Here are the scripts I use for placing and managing my trades. I strongly suggest using them. You should review the settings and make sure they are appropriate for your risk parameters.
My buy and sell scripts have 20 pip stops and 100 pip take profits with 10% risk. That means that if you get stopped out at 20 pips, YOU WILL LOSE 10% OF YOUR ACCOUNT. It also means that a 20 pip gain will give you a 10% gain in your account.
I also use the Hot Key function available in MT4. I set my hotkey for auto sell to Alt-S and Alt-B to buy. I use Alt-X to close all open trades and take profit.
If you are not used to using scripts please set the risk to 2% for the first few trades until you see how they work.
Before you ask, place these scripts in the experts/scripts folder and either restart the platform or compile them. Then you will see them in the Navigator panel. Right click on them to set the Hot Key.
If you don't know what I am talking about, press F1 and read the help file from front to back. In fact, if you haven't done that you should not be trading.
|