Check Current Open Orders With Profit Script (MQ4)

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The Check Current Open Orders With Profit Script is a useful tool for forex traders using MetaTrader 4 (MT4). It enables traders to monitor their open trade positions by automatically generating a detailed report. The report includes essential information such as current profit, entry type (buy or sell), entry price, execution time, and trading volume.

This script helps traders track profits and manage open positions, especially when the market experiences significant fluctuations or when trades have been open for a long time. It provides an easy way to assess whether adjustments or closures are necessary, based on changing market conditions.

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How the Check Current Open Orders With Profit Script Works in MT4​

Step-by-Step Guide:​

1. Install the Script:
   • Download the Check Current Open Orders With Profit Script and place it in the Scripts folder of your MT4 platform.
2. Apply the Script:
   • To use the script, drag and drop it onto the chart of the asset with the active trades you wish to track.
3. View the Report:
   • Once applied, the script will generate an instant reporton your chart, displaying key information about your open positions, including:
     • Floating profit (current unrealized profit or loss)
     • Entry type (Buy or Sell)
     • Entry price
     • Execution time
     • Trading volume (lot size)
   • If you have multiple open trades on the same asset, the script will display a summary of all positions, giving you an overall view of your current portfolio.

Example​

• In the screenshot example with the EUR/GBP chart, you can see how the script generates an instant profit report for the active position. This allows you to stay updated on your position's status without needing to manually check each trade's details.

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Key Features​

• Instant Profit Report: Automatically shows your current profit, entry type, price, and volume.
• Multiple Position Tracking: If you have several open trades on the same asset, the script summarizes all positions in one report.
• Time-Saving: Saves time for traders who manage multiple trades simultaneously.
• Easy to Use: Simply drag and drop the script onto the chart to generate the report.

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Conclusion​

The Check Current Open Orders With Profit Script is an essential tool for traders who manage multiple positions or need to track their open trades efficiently. By providing a comprehensive overview of your current trades, it helps you make informed decisions about whether to adjust or close positions, especially in volatile market conditions.

Advantages​

• Real-time profit tracking.
• Simplifies portfolio management for traders with multiple open trades.
• Perfect for professional portfolio managers who need to report active positions.
• Free to download and use.

This script is a valuable addition to any trader’s toolkit, especially those dealing with multiple positions or actively managing portfolios.