PineScript Library

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Overview

The PineTrader library simplifies order ticket generation for your MT5 terminal. Instead of manually building order strings in each trading strategy, you can use our pre-built library functions to generate properly formatted order tickets.

Library Installation

Open PineScript Editor

Launch TradingView and open the PineScript editor

Create New Library

Navigate to “Open” → “New Library”

Clear Editor

Remove any existing code from the editor

Paste Library Code

Copy and paste the following code:

// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Pinetraderio
 
//@version=5
 
// For detailed information about this library please refer to our website: https://pinetrader.io
// You will also be able to find more information in our documentation: https://docs.pinetrader.io/
 
// @description TODO: Simplify the order ticket generation for Pinetrader.io
library("PineTraderOT_V5")
 
// @function CreateOrderTicket: Establishes a order ticket following appropriate guidelines.
// @param license_id Provide your license index
// @param symbol Symbol on which to execute the trade
// @param size Size of the trade, in units 
// @param order_type Direction type of the order: "BUY" or "SELL"
// @param trade_type Is it a "SPREAD" trade or a "SINGLE" symbol execution?
// @param action Execution method of the trade : "MRKT" or "PENDING"
// @param price If the order is pending you must specify the execution price
// @param tp (Optional) Take profit of the order [price, ticks, percent]
// @param sl (Optional) Stop loss of the order [price, ticks, percent]
// @param magicNum (Optional) Identifier of the order, required if trade_type="SPREAD"
// @param risk Percent to risk for the trade, if size not specified
// @param trailPrice (Optional) Price at which trailing stop is starting
// @param trailOffset (Optional) Amount to trail by [percent, ticks]
// @returns Return Order string 
export GenerateOT (string license_id, string symbol, string action,  string order_type, string trade_type, float size=0.0, float price=0.0, float tp=0.0, float sl=0.0, float risk=0.0, float trailPrice=0.0, float trailOffset=0.0 )=>
    string dynamic = ""
    dynamic += "\"license_id\":\"" + license_id + "\","
    dynamic += "\"symbol\":\"" + symbol + "\","
    dynamic += "\"action\":\"" + action + "\","    
    dynamic += "\"order_type\":\"" + order_type + "\","
    dynamic += "\"trade_type\":\"" + trade_type + "\","
    if (size != 0.0) 
        dynamic += str.format("\"size\":{0, number},", (size))
    if price != 0.0 
        dynamic += str.format("\"price\":{0, number},", (price))
    if tp != 0.0 
        dynamic += str.format("\"tp\":{0, number},", (tp))
    if sl != 0.0 
        dynamic += str.format("\"sl\":{0, number},", (sl))
    if risk != 0.0 
        dynamic += str.format("\"risk\":{0, number},", (risk))
    if trailPrice != 0.0 
        dynamic += str.format("\"trail_price\":{0, number},", (trailPrice))
    if trailOffset != 0.0 
        dynamic += str.format("\"trail_offset\":{0, number}", (trailOffset))
    // Remove the trailing comma and add the closing curly brace
    dynamic := "{" + dynamic + "}"
    dynamic := str.replace(dynamic, ",}", "}")
    // Return value
    OrderString = dynamic

Save Library

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Name your library
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Using the Library

To use the CreateOrderTicket() function in your strategies, import the library using:

// Importing the library
import [USERNAME]/[LIBRARY_NAME]/[VERSION] as [VARIABLE_NAME]
 
// Calling the library
[VARIABLE_NAME].CreateOrderTicket(**params)

⚠️

Replace [USERNAME], [LIBRARY_NAME], [VERSION], and [VARIABLE_NAME] with your actual values.

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Function Parameters

Parameter	Type	Required	Description
license_id	string	Yes	Your PineTrader license identifier
symbol	string	Yes	Trading symbol (e.g., “EURUSD”)
action	string	Yes	”MRKT” or “PENDING”
order_type	string	Yes	”BUY” or “SELL”
trade_type	string	Yes	”SPREAD” or “SINGLE”
size	float	No	Trade size in units
price	float	No	Required for pending orders
tp	float	No	Take profit level
sl	float	No	Stop loss level
risk	float	No	Risk percentage if size not specified
trailPrice	float	No	Trailing stop activation price
trailOffset	float	No	Trailing stop offset

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