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Old 01-11-2006, 07:11 AM
freshfx freshfx is offline
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Friends, the Expert Advisor Wizard in the MetaEditor of the MQL4 language allows for the creation of three distinct types of user defined programs: the Expert Advisor program, the Custom Indicator program, and the Script program. While the expert advisor contains a loop function that allows it to be executed repeatedly, the script program is designed for single use only. You do not need to execute the script by hand, you only need place it on the chart once similar to the expert advisor. The difference is that it only executes one time, not repeatedly. The script I have in mind is similar to a buy stop or a sell stop, but the difference is that whereas a buy or sell stop is fixed to a single price (a horizontal line), a diagonal line would trigger at a changing price depending on where price crossed the line. My idea is to trigger a trade on a breakout without having to constantly monitor the charts.
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