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Chart Corner - Objects Constants - Constants, Enumerations and Structures - MQL4 Reference
At the option, you can give like this so it can be selected.
extern ENUM_BASE_CORNER corner = CORNER_RIGHT_UPPER;
Then, you set your OBJ_LABEL properties,
ObjectSet(name,OBJPROP_CORNER,corner);
Then, your X,Y will start from right upper corner.
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