Philipps Pending Sell Script MT4 (MQ4)

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The Philipps Pending Sell Script is a simple and efficient script designed for MetaTrader 4 (MT4) that places a Sell Stop Order when activated. A Sell Stop Order allows traders to set a stop price that is lower than the current market price. Once the price reaches the specified level, the script automatically triggers the order and turns the pending order into a market order.

This script is applicable to any forex pair or other assets where you want to place a Sell Stop Order based on a predefined price level.

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How to Use the Philipps Pending Sell Script for MT4​

Step-by-Step Guide:​

1. Download the Script: First, download the Philipps Pending Sell Script for MT4.
2. Apply the Script: After downloading, open your MT4 platform. Drag and drop the script onto your chosen chart.
3. Input Settings: Once applied, a notification will pop up, displaying an input box with the common settings for the script. Here, you can adjust parameters such as the Sell Stop price and order size.
4. Set the Price: For the script to activate, set a Sell Stop price lower than the current market price. This ensures the order will be executed once the price reaches that level.
5. Order Activation: The Sell Stop order will become active and the pending order will be executed once the price hits the level you’ve set.

Visual Representation​

The script will notify you when applied, and you will see the Sell Stop order on the chart. The exact price and execution time will be displayed as part of the notification.

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Conclusion​

The Philipps Pending Sell Script for MT4 simplifies the process of placing Sell Stop Orders by automating the placement. It allows traders to set a predetermined price level, and when the market reaches that level, the pending order is triggered as a market order.

Features​

• Automatically places a Sell Stop Order.
• Easy to use with an input box for adjusting settings.
• Notifies the trader of the price and order execution details.

This script is ideal for traders who want to automate their sell stop orders on any forex pair or asset. The Philipps Pending Sell Script is available for free download on various MT4 script websites.

You can download it and start using it to streamline your order execution on MT4.