Philipps Pending Sell Script for MT4: A Simple Solution for Automated Sell Stop Orders
The Philipps Pending Sell Script is a MetaTrader 4 (MT4) script designed to automatically place Sell Stop Orders for traders, making it a valuable tool for forex and asset trading. This script allows traders to automate the process of setting up pending orders below the current market price, ensuring that once the price reaches a certain level, the order is executed as a market order.
Key Features:
- Automatic Sell Stop Order Placement: The script places a Sell Stop Order at a specified price below the current market price.
- Adaptable to Any Forex Pair or Asset: You can use the script on any forex pair or asset available on your MT4 platform.
- Easy to Use: Once applied, the script provides a simple interface to set your desired sell stop level, minimizing the need for manual intervention.
- Notification System: Once you apply the script, you'll be notified with details about the price and the time when the order will be executed.
How to Use the Philipps Pending Sell Script for MT4?
- Download the Script: First, download the Philipps Pending Sell Script from the provided source (typically free from the website offering it).
- Apply the Script:
- Open your MT4 platform.
- Drag and drop the script onto your chart for the forex pair or asset you want to trade.
- A notification will appear, confirming the script has been applied.
- Set the Sell Stop Price:
- Once the script is active, an input box will appear where you can set the Sell Stop price. This price must be lower than the current market price.
- The script will execute the order once the price reaches your specified level.
- Execution and Notification:
- When the Sell Stop price is triggered, the script automatically turns the pending order into a market order and notifies you.
- The notification will show the price and time for which the order was set and executed.
Conclusion
The Philipps Pending Sell Script for MT4 is a straightforward tool that makes it easier for traders to set up Sell Stop Orders without having to manually monitor price movements. It provides a smooth and automated way to take advantage of price movements when the market hits your predefined level.For free downloads of the script, you can visit the website offering it and integrate it into your MT4 platform to enhance your trading efficiency. Whether you're a beginner or an experienced trader, this script is a simple yet powerful addition to your MT4 toolset.
