When trading in MetaTrader 5, understanding the symbol filling policy is crucial for making informed decisions. Let’s break down how to determine the filling policy for a financial instrument.
What You Need to Know
The first step is to input the symbol of the financial instrument you’re interested in. This is where the magic starts!
How to Determine the Filling Policy
- Getting the Filling Policy Type: Using the
SymbolInfoIntegerfunction, you’ll retrieve essential information about the filling policy for your chosen symbol. This is stored in a variable,filling, as a numerical value. - Comparing Filling Policies: The next step is to compare this numerical value with predefined constants that represent various filling policies. Here are a few you should know:
- Fill or Kill: This policy is often referred to as
SYMBOL_FILLING_FOK. - Immediate or Cancel: Known as
SYMBOL_FILLING_IOC. - Return: This is represented by
SYMBOL_FILLING_RETURN.
- Fill or Kill: This policy is often referred to as
- Returning the Filling Policy Type: After checking the comparisons, the function determines the filling policy type. If it matches
SYMBOL_FILLING_FOK, it returnsORDER_FILLING_FOK. ForSYMBOL_FILLING_IOC, it returnsORDER_FILLING_IOC. If it doesn’t match any of these, you’ll getORDER_FILLING_RETURN.
Why This Matters
Understanding the filling policy helps you make better trading decisions based on the specific characteristics of the financial instrument you’re dealing with. Knowing whether you’re in a Fill or Kill situation or if you can expect an Immediate or Cancel response can significantly impact your strategy.
In summary, this function in MetaTrader 5 is a key tool for retrieving the filling policy of any symbol, aiding you in navigating the trading waters with confidence!
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