Thread: Metatrader and OCO Orders

I 've been looking for and OCO EA for a long time and discovered this but having difficulty getting it to work. If some kind soul could give me some direction I wondred.

I tried to program one OCO (one cancels another) OrderManager EA for mt4.

Attached you'll get the EA in addition to an script to ship 2 pending orders. The EA has just 1 option: to ship an oco at startup (it will do if = true). You do not need to allow this if you use the script, etc..

You may send oco-orders out of your ea's too, the only condition is that one globalvariable is set (hence no need for magicnumbers, etc.):

Inserted Code GlobalVariableSet(ocoEAfxd_ O-C-O ticket1, ticket2);, whereas ticket1 is your ticket of the very first order, ticket2 the OrderTicket of the next order.

The OCO ea recognizes the globalvar and attempts to find the oco-pair (of course the ea understands that ticketnumbers will change as soon as an order becomes a marketorder...).

Following the EA finds one oco-pair, it checks if
- the oco (following the 2 orders) are still pending
- one is at market, then the EA should delete the remaining pending order
- should equally orders become marketorders (e.g. due to newsspikes), the ea will try to delete the latest order to be certain that just one remains at market

it's just a (original ) attempt, if you prefer, check it out
https://www.forexsoutheast.asia/atta...899279012246.1
https://www.forexsoutheast.asia/atta...7931356.script

I know this thread is old but I can not seem to begin a new thread about this because I just joined.
I have the OCO indior in my MT4 platform in my MAC, I put two pending orders of buy stop and sell stop on a pair and turned the autotrading on for OCO however, the OCO didn't cancel my one order if the other one was executed and then on a second pair it executed both orders (buy and sell halt ) and didn't cancel the worst one out.
Not sure what I did wrong, if anyone has used this indior in their MAC please help!

Frank,

I don't think there's an OCO function in the MT4 interface. It is something which might be easily programmed using a small bit of knowledge, but, no, there's absolutely no OCO that I know about.

Originally Posted by ;

Hello people,
I've done some searching of all the threads to get some info on this.

I am looking for the centre of setting an OCO order for a forex pair, at either extreme of expected high or low for the days trading, but I cannot find it readily in Metatrader.
Who's gone down this path and solved the situation? What have I overlooked? Or do I need to incorporate something else to enable this function?
I have also emailed Metaquotes.net with nothing useful in the response. They simply suggested using s/l and t/p as to how this could function as OCO, without explanation.
This is her answer: You can use Stop Loss and Take Profit. Please attempt to refer to this'Trading -- Order Types' topic of the MetaTrader 4 Client Terminal integrated help files.
You can, also, write your own expert to automated trading.
When I checked these references in the Help of MT4, I didn't find any joy at all. I overlooked something, or there was nothing.
I don't wish to exchange reverse pairs to simulate this purpose. My goal is to have an order in so that if a single goal is reached , it cancels the other goal too impending in the computer system.
Thanks in advance for your help.
FRank