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MQL4: Can indicator open and close orders ?

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1106
puncher 2011.11.03 12:29 
Can indicator open and close orders ? Or only make Alerts is possible for the indicator ? ... should I use only expert advisor for orders management ?
Creation of an Automated Trading System

Creation of an Automated Trading System

You must admit that it sounds alluringly - you become a fortunate possessor of a program that can develop for you a profitable automated trading system (ATC) within a few minutes. All you need is to enter desirable inputs and press Enter. And - here you are, take your ATC tested and having positive expected payoff. Where thousands of people spend thousands of hours on developing that very unique ATC, which will "wine and dine", these statements soundб to put it mildly, very hollow. On the one hand, this really looks a little larger than life... However, to my mind, this problem can be solved.


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26994 2011.11.03 12:38 

NO!

Only alerts.


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4224
RaptorUK 2011.11.03 12:43 
puncher:
... should I use only expert advisor for orders management ?
EA or Scripts can work with Orders.

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356
diostar 2011.11.03 14:08 
puncher:
Can indicator open and close orders ? No. Or only make Alerts is possible for the indicator ? Possible. ... should I use only expert advisor for orders management ? See below.

There are others, can consider. Need not be restricted to EA. "orders management" can even be in a library, and re-usable later for all existing and future EAs.

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