Auto Create Limit Orders

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Scalperology Ai MT5

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30-Day Profit: 108.7%

7-Day Profit: 103.67%

Support: 24х7 via Telegram

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Breakopedia Ai MT5

Global

Pairs:

AUD/JPY

AUD/USD

EUR/AUD

EUR/GBP

EUR/JPY

EUR/NZD

EUR/USD

GBP/USD

NZD/USD

USD/CAD

USD/CHF

USD/JPY

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XBT/USD

30-Day Profit: 0%

7-Day Profit: 0%

Support: Developer

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Understanding Auto Create Limit Orders

Auto Create Limit Orders is a feature designed to facilitate the creation of multiple pending orders with a single button press. ☝️

This feature becomes particularly useful during significant market events, such as central bank announcements or economic reports.

With this tool, traders can set various parameters like distance between orders, volume, take profit, and stop loss in one configuration process.

How It Works

The user can specify the number of limit orders to be created, and the system will automatically generate those orders based on predefined criteria.

Key inputs include:

Magic Number: An identifier for the orders.
Level: The number of levels of limit orders to create.
Start Distance: The distance between each level of orders.
Step Distance: Incremental distance added to subsequent levels.
Starter Volume: The volume size for each level of orders.

Benefits of Using Auto Create Limit Orders

Simplifies the trading process by reducing the time and effort needed to manually enter multiple orders.

Enables traders to take advantage of market movements quickly, especially during volatility. 🚀

Offers customization options to effectively manage risk through parameters like stop loss and take profit settings.

Example from Current Offerings

The "Auto Create Limit Orders" tool, rated 5.0 and available for free, allows traders to create as many pending orders as they desire with just one button press 🎉.

Traders can fine-tune inputs like deviation points for limit orders and specify whether to buy or sell.

Who Can Benefit?

This feature is suitable for traders who want to automate their order placement strategy effectively.

It's particularly valuable for those who engage in high-frequency trading or strategies that require multiple entry points.

Conclusion

Overall, Auto Create Limit Orders not only streamlines the order entry process but also enhances the trader's ability to manage trades effectively during high-impact market events.