This repository features a collection of trading tools for MetaTrader 5 and 4, headlined by a comprehensive Trade Manager EA. This manager enables manual execution via keyboard shortcuts and provides automated risk controls, including ATR-based break-even settings and trailing stops. The collection also offers strategy
Collection · MT4
Koutido Order Management Utilities
This repository contains a collection of utility scripts for MetaTrader 4 designed for manual order management.
GitHub stars1
Forks2
Last update8 years ago9 Sep 2018
LicenceNone stated
Overview
The tools allow users to automate the closing of all open market positions or the deletion of pending orders in bulk. These scripts identify and process order types including Buy Limit, Sell Limit, Buy Stop, and Sell Stop. As these are basic utilities rather than automated trading robots, they do not feature independent entry strategies or internal risk management settings. The repository is minimal with no README documentation, providing standard execution logic for cleaning up active trades or orders.
- Bulk deletion of pending orders
- Automation for closing open market positions
- Support for limit and stop order types
- MetaTrader 4 utility script collection
Details
Author
koutido on GitHub
Type
Collection
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Source
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone koutido/mql4 from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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