Philipps Pending Buy Script
The Philipps Pending Buy Script for MT4 is a predefined automated trading tool that opens only a buy pending order.
Description
The Philipps Pending Buy Script for MetaTrader is a predefined automated trading tool that opens only a buy pending order. This implies that it was programmed to recognize only buy pending orders; therefore, it cannot be used to open a sell pending order.
This MT4 script is a great tool for automated (opens buy pending order only) trading; however, it is too rigid in function which makes it not suitable for all market conditions.
How to Trade With the Philipps Pending Buy Script
The above screenshot depicts how to use the script on an MT4 platform. To open a buy pending order, you simply apply the script on your chart, fill in the parameters accordingly (e.g. lot size, Take Profit, etc.) in the ‘input’ tab, and launch.
The above shows a Buy Stop Order with its Take Profit and Stop loss after running the script. Furthermore, ensure that the ‘Auto Trading’ function is enabled before you open a pending order with the script.
Conclusion
The Philipps Pending Buy Script for MT4 is essentially an automated trading tool to open a buy pending orders only. Though it is not suitable for all market conditions, it is still a great tool that is worth giving a try. Finally, it is free to download.
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