🔣 Best MT5 Custom Scripts – Useful Trading Tools
Thanks to all traders who rates and reviews the custom scripts.
Two Dimension Array Fill and Print Script
We often need to input numeric values into an array, in which I am sharing how we can easily use a string array to input and output numeric values. In this case, a 2-dimensional array is used, but it can also be multidimensional.
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Multi Break Even Script
Multi Break Even is a script file that enables setting multiple entry positions to breakeven, either through pips or a target price, once the trade becomes favorable.
This feature ensures that the investor safeguards their investment, allowing the trade to either reach the desired profit target or exit at the breakeven point.
Traders can opt for the Pips method, which defaults to 100 points for a 5-digit broker, or the target price method for achieving breakeven.
It’s important to note that selecting the pips method renders the target price ineffective, and vice versa.
Drag and Drop Move Take Profit Script
Set Take Profit by just dragging and dropping script on the desired price level.
Drag and Drop Move Stop Loss Script
Set Stop Loss by just dragging and dropping script on the desired price level.
Short Position Script
A simple script that allows you to open a short position using the current price location with a specified risk percentage and reward ratio.
Pretty simple, drag the script onto your chart and the inputs to change the risk percentage and reward ratio will pop up, change those values if you want to, hit the Ok button and the trade will execute.
If it fails, have a look at the expert tab to see why the order failed. The script has a risk percentage limit of 20%. That’s about it… enjoy!
Open Buy Stop Order Script
A script for placing a buy stop order.
Close All Orders Script
The script deletes all pending orders on all symbols at a time.
Risk Calculator Script
Calculates the risk in the account currency for a given trading volume of the selected symbol at different time periods and publishes it in the journal in the experts tab of toolbox.
Time Price Scale Enables Disables Script
The script controls the display of time and price scales for all open charts or only for one chart. It is useful for saving the screen space when displaying several tiled charts.
Lot Line Script
The script places the horizontal line on a chart and shows the trade volume in lots required to move the position to wherever the line is located.
Move the line, and the script will update the required lot size.
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