OCO EA

Finally the ability to place OCO orders on MT4!

What is an OCO order?

OCO, one cancels other, is a type of order that is not one, but two orders. When one of the two orders is executed, the other order is cancelled.

To apply the expert advisor on your chart, simply drag and drop the "IBFX – OCO" from the Navigator window's "Expert Advisor" list.

Settings

Order Types: To place different order types, in the settings of the EA, type the "Order Type" value to any of the following: BuyLimit, BuyStop, SellLimit, SellStop (no spaces in between the words, and not case sensitive).

Typically users will set one sell order and one buy order. However, with the Interbank FX OCO-EA, users have the flexibility to place the orders in the same direction - for example, a buy limit and a buy stop. Moreover, users also have the ability to place the orders on different currency pairs.

Stop Loss / Take Profit: The stop loss and take profit settings are in terms of pips. For example, a stop loss setting of 20 means the stop loss will be set 20 pips away from entry price.

Files

Experts Folder - IBFX - OCO.ex4

Download and Installation Process

Step 1: Download the setup file and double click on it. Follow on screen instructions.

Step 2: Select the tools you would like to install, click next. (Make sure to select your MT4 installation folder).

*This setup will not overwrite any previous version of the tools that was already open source*

*If you want the latest version of the open source tools, make sure to rename or delete them*