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Place Order (Fibonacci Order Script)

Drag a Fibonacci on the chart; the script places your risk-sized stops

Type

Type
Scripts · Order Execution
Platform
MT5
License
GPL-3.0 View license text GPL-3.0 (official GNU text)
Version
2026-10-08 (source snapshot)
Size
MT5 16 KB
Manually verified
2026-10-08
Source repository
https://github.com/SkyWes/PlaceOrder-Script

Download

⬇ MT5 · Download

MT5 — d168e820e3bd09a2592dd98254fb97bc4d4e6fd03f9407899d1b7f61cdc79e0e

Integrity check — Compare SHA-256 before installing (Windows: certutil -hashfile file SHA256). Sources are unmodified; LICENSE and provenance notes are inside each archive. Downloads are static links: no click tracking, no IP logging.

What is this

An MT5 script bridging 'draw a Fibonacci' and 'place orders': run it after drawing a Fibonacci object, and it places stop orders at the retracement levels you configured, sizing positions from your risk rules. Great for standardizing breakout entries. Distributed under GPL-3.0.

How it works

  1. Reads the most recent Fibonacci object on the chart
  2. Places buy stop / sell stop orders at configured retracement levels
  3. The bundled LotCalc module sizes lots from stop distance and risk percentage
  4. Runs once and exits — no continuous monitoring

Installation (3-step summary)

Full install guide →
  1. 1. Download

    Grab the zip via the buttons above

  2. 2. Unpack & copy

    Put .ex4/.ex5 and .mq4/.mq5 into the matching MQL4/MQL5 folders

  3. 3. Enable

    Restart or refresh the Navigator, drag it onto a chart, allow automated trading

Usage notes

  • MT5 only; draw the Fibonacci first, then run the script — direction and order type live in the inputs
  • Scripts execute once; re-run after changing parameters

⚠ Risk notes

  • Pending fills depend on the market: gaps push entries away from expected levels and inflate realized risk
  • The script does not validate market state — confirm the symbol and account allow trading first

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Frequently asked questions

▸ Script vs. EA — what's the difference?

A script runs once when you trigger it; it does not stay resident. Ideal for automating repetitive manual actions.

▸ How is lot size computed?

The bundled LotCalc module converts stop distance and risk percentage into lots — see the source for details.

▸ What does GPL-3.0 mean for me?

Free to use, modify, and redistribute, but derivatives must also be GPL-3.0. The full license text ships in the download.

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Place Order (Fibonacci Order Script) is third-party open-source software provided "as is" with no warranty of any kind. Camovia only curates and redistributes the original source code and is not affiliated with the original author or MetaQuotes. This page is educational and is not investment advice — trade at your own risk.

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