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Market Order 1.0

 

The Market Order cBot will open a market order when stopped.

 

Market Order cBot is free to download!

It can be run on both live and demo accounts without restrictions.

 

Supports all currency pairs. There are a few parameters that needs to be filled in by the trader. Color coded to give the extra security if the setup is a buy or a sell order. The order that will be placed can have a label and an comment assigned to it.

 

When the cBot is started it will give all the information of the the parameters setup and the preparation taken. The total risk at stake is clearly defind, based on volume, stop loss, spread and commission. To place a market order according to the criteria made in the setup, the cBot needs to be made "Active" by selecting Yes.

 

When the cBot is stopped it will immediately place a market order!

 

The Market Order cBot can be positioned anywhere on the screen, especially if you detach the window in cTrader. It's small in memory usage and can be resized to fit your workspace. Several Market Order cBots windows can be running at the same time, handeling the market orders for different currency pairs.

 

 

Market Order 1.0 default setting.

 

MarketOrderSetup

 

Market Order to buy a long position, but inactive.

 

BuyLongInactive

 

Market Order to buy a short position, but inactive.

 

BuyShortInactive

 

 Market Order to buy a long position, active.

 

BuyLongActive

 

Two Market Order cBot in one window, renamed to fit the setup. Only one of the two should be run at the same time, otherwise information will overlap and make the information unreadable.

 

marketorder sellandbuy

 

Two Market Order windows on top of each other. One is a BUY and the other one is a SELL. Renamed to the appropriate setup of each cBot. 

 

robotmarketorderbuy

robotmarketordersell

 

 

MARKET ORDER

Clarifies that the order is a market order. Color coded so the trader can easily see if he is going long or short on his market order.

 

Buy or Sell

Color coded so the trader immediately knows if the set up of the order is a Buy (long) in a positive color, or a Sell (short) in a negative color. Default is "Buy".

 

Currency Pair and Lots

The name of the currency pair and the lots to trade. A positive color then it's a buy market order, and a negative color then it's a sell order. Default in lots are 0.01.

 

Market range

The slippage that is acceptable when the market order is placed. In a fast moving market if the market range is set too low the order will not go through and therefore it will be rejected. The steps are in pips 0, 1, 2 and so on. Default is 0.

 

Target in pips

When the order is placed a profit target can be assigned to the market order. If the market moves in the favor of the position and the target is hit, the broker will sell off the position directly on their brokerage server to a profit. Default is 40.

 

Stop loss pips

When the order is placed a stop loss has to be assigned to the market order. If the market moves against the position and the stop loss is hit the broker will sell off the position directly on their brokerage server to a loss. Default is 20, minimum is 1 pip.

 

Risk

When a market order is prepared this will give important information on how high of a risk the order is in when the stop loss is executed. This is based on total volume, stop loss, spread and commission both ways. The risk in the amount (account currency) and in percentage (4 digits) are given. 

 

Label

A label to the market order can be assigned. It will be visible under "Positions" when opened and under the "History" tab Label when closed. Default is empty.

 

Comment

A comment to the market order can be assigned. It will be visible under "Positions" when opened and under the "History" tab Comment when closed. Default is empty.

 

Active

When the cBot is made active (Yes) it will place a market order according to the setup when the robot is stopped. If left in the default (No) it's inactive and will not place an order.

 

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Market Order with the chart made visible.

 

marketordershortchart

 

 

Other free downloads!

Alerts 1.0 cBot

Market Order 3.0 cBot

Market Order 2.0 cBot

Close Positions cBot

Broker cBot

Traders Aid cBot

Lots and Volume to trade cBot

The Spread cBot

Bought and Sold cBot

RMM Robot 2.5 Manual A4-25 pages 

RMM Robot 2.5 cBot, unlimited version

 

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