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Cave in toolbar. Settings. Chart screenshot. Settings and screenshot garage location right here. Order keep watch over panel. Chance supervisor and Buying and selling record. Information panel. Chart keep watch over panel. Buying and selling. OCO orders. Basic order closure. Duties. Trailing forestall. Breakeven. Partial closure. Signals. Server time. The use of settings you’ll be able to trade the displayed data to: Server time | Time till bar closes Benefit in forex Benefit in issues Benefit in forex | Benefit in issues Benefit in forex | Quantity of open positions Display/conceal Toolbar. Cave in toolbar.
Panel for Business
“Open” tab
Buttons for switching tabs. The collection of tabs, their names and contents are configured right here. Remark to the order. The process for calculating the order quantity. The chance measurement or the order quantity, with the Mounted Quantity way. The calculated quantity in keeping with the desired chance. Repair the ratio of Take Benefit to Forestall Loss. The ratio serve as is implemented as follows: in the event you trade the SL measurement, the panel will mechanically trade the TP measurement in keeping with the next formulation: TP = SL * Ratio, in the event you trade the TP measurement, the panel will mechanically trade the SL measurement in keeping with the next formulation: SL = TP / Ratio. The scale of the ratio between Take Benefit and Forestall Loss. Open an order with Digital Forestall Loss and Take Benefit. Button for switching the unit of dimension of Take Benefit and Forestall Loss (Issues/Worth). Use the ATR indicator readings for the dimensions of Take Benefit and Forestall Loss. Whilst you click on the button, the panel will set the dimensions of Take Benefit and Forestall Loss equivalent to the worth of the ATR indicator. The serve as is configured right here. Take benefit and Forestall loss in issues or value (relying at the place of button 9). Buttons for switching to the order opening mode the usage of labels on chart 20. Most unfold clear out. If the present unfold exceeds the desired one when the location opening button is pressed, the location opening will likely be canceled. Buttons for temporarily opening positions. Buttons for temporarily opening pending orders. Worth for opening a pending order (for buttons 15). May also be set in issues (distance from the present value to the pending order value), to do that, click on at the “Worth:” button. Pending order trailing. The panel will transfer the pending order following the present value. The gap between the fee and the pending order is specified within the enter box. The panel strikes the pending order most effective within the route of the present value. Expiration of the pending order. The time upon attaining which the pending order will likely be deleted. Button for switching to the BuyStopLimit SellStopLimit order opening mode (MT5 most effective). Labels for opening an order. Used to open an order the usage of strains at the chart. Designed to visualise the positioning of buying and selling ranges at the chart, guarantees their correct set up on improve and resistance ranges. Configured right here.
Quantity calculation way
The lot for a brand new order is calculated in one in every of six tactics:
Approach Description Mounted lot The panel does no longer calculate the lot. When opening an order, a set lot measurement laid out in the person is used. SL in forex Chance within the deposit forex (as an example $200). * SL in % of stability Chance as a share of stability. * SL in % of fairness Chance as a share of the fairness. * SL in % of unfastened margin Chance as a share of unfastened margin. * % of fairness The lot is ready as a share of fairness. The application mechanically recalculates the lot each time the fairness measurement is modified.
* The lot measurement is calculated in this sort of approach that the loss from remaining a place through forestall loss will likely be equivalent to the desired chance worth. The application calculates the lot itself, the dealer most effective must set the chance worth.
Instance:
Lot calculation way: SL in % of stability.
Chance in line with business: 3%.
Present stability: $1,000.
With the desired parameters, the loss from a business when remaining it through forestall loss will likely be: $1,000 * 3% = $30.
Quantity calculation is configured right here.
Digital Forestall Loss and Take Benefit
Digital forestall loss and take benefit are value ranges tied to an order (place). When the present value touches those ranges, the location will likely be closed. Digital stops carry out the similar purposes as common stops, they mean you can repair a loss and benefit.
What are digital sl and tp for?
The one goal of digital forestall loss and take benefit is to cover them from the dealer. The dealer does no longer see digital sl and tp and subsequently won’t be able to knock them out through manipulating the fee.
Why does the dealer no longer see digital sl and tp?
Forestall loss and take benefit (let’s name them actual sl and tp) are saved at the dealer’s buying and selling server and are performed through the buying and selling server. Accordingly, the dealer is aware of the positioning of the forestall loss and take benefit. Digital sl and tp are saved within the panel and are performed through the panel. The panel itself displays the present value, and if the fee touches the digital sl or tp, the panel itself will shut the location.
Disadvantages of digital sl and tp:
Since digital sl and tp are performed within the terminal, value slippage is conceivable when remaining a place. Since digital sl and tp are performed through the panel, they’ll no longer paintings if the terminal or panel is grew to become off.
Digital forestall loss and take benefit are configured right here.
Methods to open a place
Approach #1:
Input the desired parameters: Remark 2, Chance calculation kind and chance measurement 3,4. If you wish to substitute actual TP and SL with digital ones, permit test 8. Click on the “Line Promote” button in the event you open Promote or “Line Purchase” in the event you open Purchase 12. The use of labels 20 or fields 11, set the TP and SL costs. If vital, use the fastened ratio of 6,7, button 9 to modify Worth / Level, button 10 if you wish to use the ATR indicator as TP and SL. Permit serve as 13 if you wish to open a place provided that the present unfold is not up to the desired one. Click on the Open Promote or Open Purchase button.
Approach #2:
Input the desired parameters: Remark 2, Chance calculation kind and chance measurement 3,4. If you wish to substitute actual TP and SL with digital ones, permit test 8. Input TP and SL in fields 11. If vital, use a set ratio of 6,7, button 9 to modify Worth/Level, button 10 if you wish to use the ATR indicator readings as TP and SL. Permit serve as 13 if you wish to open a place provided that the present unfold is not up to the desired one. Click on the “Promote” or “Purchase” button 14.
Methods to open a pending order
Approach #1:
Input the desired parameters: Remark 2, Chance calculation kind and chance measurement 3,4. If you wish to substitute actual TP and SL with digital ones, permit test 8. Click on the “Line Promote” button in the event you open Promote or “Line Purchase” in the event you open Purchase 12. The use of labels 20 or fields 11 set the order opening value, TP and SL. If vital, use the fastened ratio 6,7, button 9 to modify Worth/Level, button 10 if you wish to use the ATR indicator as TP and SL. Activate trailing 17 if you need the pending order to observe the present value. Activate expiration 18 if you need the pending order to be deleted at a specified time. Click on the Open SellLimit/ SellStop or Open BuyLimit/ BuyStop button.
Approach #2:
Input the desired parameters: Remark 2, Chance calculation kind and chance measurement 3,4. If you wish to substitute actual TP and SL with digital ones, permit the test 8. Input the order opening value, TP and SL in fields 16 and 11. If vital, use a set ratio 6,7, button 10 if you wish to use the ATR indicator readings as TP and SL. Permit trailing 17 if you need the pending order to observe the present value. Permit expiration 18 if you need the pending order to be deleted at a specified time. Click on the “SellLimit”, “SellStop”, “BuyLimit” or “BuyStop” button 15.
“Shut” tab
Partly shut all positions. Shut winning positions. Shut unprofitable positions. Shut all orders and positions. Shut Purchase positions. Shut Promote positions. Shut pending Purchase orders. Shut pending Promote orders. Observe as regards to all symbols.
Methods to shut orders and positions
To partly shut all positions, input the % to near and click on the 1 button.
To near orders and positions of a given kind, click on the two, 3, 5, 6, 7 or 8 button.
To near all Orders and Positions, click on the 4 button.
To make the panel follow remaining of orders and positions to all symbols, permit the checkbox 9.
“Grid” tab
This tab (block) is an addition to the “Open” tab, and is designed to configure the order grid. The order grid will likely be created when opening an order from the “Open” tab.
Additional for definition: Grasp order – is an order opened from the Open tab, that is the order ranging from which the grid is constructed.
If the order grid step is greater than 0 – the grid will encompass forestall or prohibit orders (relying at the Sort parameter).
If the order grid step is 0 – the panel will open a specified collection of orders, at the cost of the grasp order. The order kind would be the identical because the grasp order (on this case, the Sort parameter isn’t implemented).
# Description Instance 1 Grid kind: Prohibit- the order grid will encompass Prohibit orders. The grid is positioned within the route of the order’s loss. 2 Grid kind: Forestall- the order grid will encompass Forestall orders. The grid is positioned within the route of the order benefit. 3 Selection of orders: Mounted – the collection of orders within the grid is fastened and is ready through the person. Within the enter box, we entered 5, so the order grid will include 5 orders + grasp order. 4 Selection of orders: Quantity / Max. quantity – this calculation way is used if the calculated quantity of the grasp order is bigger than the utmost quantity set through the dealer. If the calculated quantity is bigger than the utmost quantity, the panel will distribute the calculated quantity between a number of orders. The collection of orders is calculated mechanically. The utmost allowed quantity at the image is 100.00,
The calculated quantity of the grasp order is 258.00,
Whilst you click on at the button, 3 orders will open:
the primary order with a quantity of 100.00,
the second one order with a quantity of 100.00,
the 3rd order with numerous 58.00. 5 Order Quantity: Quantity – the amount of each and every grid order is fastened and is ready through the person. Within the quantity enter box we entered 0.3, so each and every grid order could have a quantity equivalent to 0.3. 6 Order Quantity: Quantity / Quantity – the calculated quantity of the grasp order will likely be allotted similarly between the orders (if vital, the lot will likely be normalized). The required collection of grid orders is 4,
Calculated quantity is 1.00,
Whilst you click on at the button, 5 orders will open. Every order could have a quantity of 0.20 loads (1.00/5). 7 Order quantity: Quantity * Coefficient – the amount of each and every grid order will likely be equivalent to the amount of the grasp order multiplied through the coefficient. The calculated quantity of the grasp order is 1.5,
Coefficient 2,
accordingly, each and every order within the grid could have a quantity equivalent to a few.0 (1.5 * 2). 8 Order Quantity: Mathematics – the amount of each and every order within the grid will correspond to the mathematics development. The calculated quantity of the grasp order is 1.0,
The required collection of grid orders is 4,
The adaptation within the mathematics development is 1.5,
accordingly, the grid orders could have the next volumes: 1# 2.5, 2# 3.0, 3# 4.5, 4# 6.0. 9 Order Quantity: Geometric – the amount of each and every order within the grid will correspond to a geometrical development. The calculated quantity of the grasp order is 1.0,
The required collection of grid orders is 4,
The denominator of the geometric development is two.0,
accordingly, the grid orders could have the next volumes: 1# 2.0, 2# 4.0, 3# 8.0, 4# 6.0. 10 Order grid step: Mounted (pt) – the order grid step is fastened and is ready through the person in issues. Within the step enter box, we entered 100 pp, respectively, the space between grid orders will likely be 100 issues. If the grid step is 0, then the orders will likely be opened on the identical value at which the grasp order was once opened. 11 Order grid step: % Grasp TP – the order grid step will likely be equivalent to the desired a part of the grasp order take benefit. Take benefit of the grasp order is 2000 issues,
% Grasp TP 10%,
accordingly the order grid step will likely be equivalent to ten% of 2000 = 200 issues. 12 Order grid step: % Grasp SL – the order grid step will likely be equivalent to the desired a part of the forestall lack of the grasp order. Forestall loss grasp order 2500 issues,
% Grasp SL 10%,
accordingly, the order grid step will likely be equivalent to ten% of 2500 = 250 issues. 13 Take benefit of the order grid: Take benefit value – the take benefit of each and every order is ready on the value laid out in the person. In the fee enter box we entered 1.9453, accordingly the take benefit of each and every grid order will likely be set at the cost of 1.9453. 14 Take benefit of the order grid: Take benefit issues – the take benefit of each and every order is ready at a distance laid out in the person. Take benefit issues – 100 issues,
The primary grid order purchase is opened at a worth of one.0000, the take benefit of this order will likely be at a worth of one.0100,
The second one grid order purchase is opened at a worth of 0.9000, the take benefit of this order will likely be at a worth of 0.9100,
The 3rd grid order purchase is opened at a worth of 0.8000, the take benefit of this order will likely be at a worth of 0.8100. 15 Take benefit of the order grid: Grasp TP value – the take benefit of each and every order is ready on the take benefit value of the grasp order. the grasp order has a take benefit at a worth of one.9453, accordingly the take benefit of each and every grid order will likely be set at a worth of one.9453. 16 Take benefit of the order grid: Grasp TP issues – the take benefit of each and every order is ready on the distance that the take benefit of the grasp order has. Take benefit of the grasp order in issues is the same as 100 issues, respectively
The primary order of the purchase grid opened at a worth of one.0000 could have a take benefit at a worth of one.0100,
The second one order of the purchase grid opened at a worth of 0.9000 could have a take benefit at a worth of 0.9100,
The 3rd order of the purchase grid opened at a worth of 0.8000 could have a take benefit at a worth of 0.8100. 17 Forestall lack of order grid: Forestall loss value – the forestall lack of each and every order is ready at a worth laid out in the person. In the fee enter box we entered 1.9453, accordingly the forestall lack of each and every grid order will likely be set at the cost of 1.9453. 18 Forestall lack of order grid: Forestall loss issues – forestall lack of each and every order is ready at a distance laid out in the person. Forestall loss issues – 100 issues,
The primary grid order purchase is opened at a worth of one.0000, the forestall lack of this order will likely be at a worth of 0.9900,
The second one grid order purchase is opened at a worth of 0.9000, the forestall lack of this order will likely be at a worth of 0.8900,
The 3rd grid order purchase is opened at a worth of 0.8000, the forestall lack of this order will likely be at a worth of 0.7900. 19 Forestall lack of order grid: Grasp SL value – forestall lack of each and every order is ready to the forestall loss value of the grasp order. the grasp order has a forestall loss at a worth of one.9453, accordingly the forestall lack of each and every grid order will likely be set at a worth of one.9453. 20 Forestall lack of order grid: Grasp SL issues – the forestall lack of each and every order is ready on the distance that the forestall lack of the grasp order has. Forestall lack of the grasp order in issues is the same as 100 issues, respectively
The primary grid order purchase opened at a worth of one.0000 could have a forestall loss at a worth of 0.9900,
The second one grid order purchase opened at a worth of 0.9000 could have a forestall loss at a worth of 0.8900,
The 3rd grid order purchase opened at a worth of 0.8000 could have a forestall loss at a worth of 0.7900.
Methods to open a couple of orders or positions in a single click on
Set the collection of further orders or positions 3,4 and their quantity 5-9. Set Step = 0 (10). Set the calculation way of TP and SL of extra orders or positions. Open a place or order in keeping with the directions above. After the location or order (master-order) is opened, the panel will open further positions or orders. The kind and value of the order or place opening would be the identical because the master-order.
Methods to open an order grid
Set the order grid kind (Forestall or Prohibit) 1,2. Set the collection of orders within the grid 3,4 and their quantity 5-9. Set the step between grid orders 10-12. Set the calculation way for TP and SL of grid orders. Open a place or order in keeping with the directions above. After a place or order (grasp order) is opened, the buying and selling panel will open the order grid. The master-order would be the first order of the grid.
“Different” tab
Opposite positions: Promote- the panel will shut all Promote positions and open one Purchase place with a quantity equivalent to the amount of closed Promote positions. Purchase – the panel will shut all Purchase positions and open one Promote place with a quantity equivalent to the amount of closed Purchase positions. All – the panel will shut all Purchase and Promote positions, open one Promote place with a quantity equivalent to the amount of closed Purchase positions, open one Purchase place with a quantity equivalent to the amount of closed Promote positions. Lock positions. The panel will open an extra place that can make the volumes of Purchase and Promote positions equivalent. Set SL of each and every place to the hole value of the location. Within the box – the worth of the SL offset from the hole value of the location. Alternate Digital SL and TP. Set TP and/or SL to the average degree: Purchase SL TP- set TP or SL of Purchase positions to the average degree. Promote SL TP- set TP or SL of Purchase positions to the average degree. All SL TP- set TP and SL of Purchase and Promote positions to the average degree. Distance between TP Purchase and SL Promote or TP Promote and SL Purchase (just for the All SL TP button). A label with a line indicating the extent at which Forestall Loss or Take Benefit will likely be set. Displayed after urgent the 5 button.
Methods to opposite positions
Methods to lock positions
Methods to set forestall lack of each and every place to the breakeven value of the location (the hole value of the location).
Methods to set Forestall Loss or Take Benefit of positions to the overall degree
To set Take Benefit or Forestall Lack of Purchase positions to the overall degree, click on the Purchase SL TP button. Transfer the label that looks at the chart to the required degree and click on the Alter button.
To set Take Benefit or Forestall Lack of Promote positions to the overall degree, click on the Promote SL TP button. Transfer the label that gave the impression at the chart to the required degree and click on the Alter button.
To set Take Benefit of Promote positions and Forestall Lack of Purchase positions, or to set Forestall Lack of Promote positions and Take Benefit of Purchase positions to the overall degree, click on the All SL TP button. Transfer the label that gave the impression at the chart to the required degree and click on the Alter button. If vital, set the indent between Forestall Loss and Take Benefit within the box 6.
To modify the digital Forestall Loss and Take Benefit, permit the checkbox 4.
Panel for Chance Supervisor and Buying and selling Record
Business record
The tab is meant for examining buying and selling effects.
Tab Business Record. Display record most effective from present image. Display result of closed trades on chart.
For MetaTrader 5, the buying and selling record is generated according to all the buying and selling historical past.
For MetaTrader 4, the buying and selling record is generated according to the record of closed orders from the Account Historical past tab of the Terminal.
Chance supervisor
The tab is designed to keep watch over the chance at the buying and selling account.
Present benefit within the deposit forex, in % of the stability, and the collection of open positions at the present day. Stipulations for activating the chance supervisor. When the situation is activated, show a message at the chart. When the situation is activated, ship a notification to the cellular terminal (smartphone). * When the situation is activated, ship a message to EMAIL. ** When the situation is activated, shut all positions at the buying and selling account. When the situation is activated, delete all pending orders at the buying and selling account. When the situation is activated, lock all positions at the buying and selling account (open further reverse positions that can equalize the volumes of Promote and Purchase positions). When the situation is prompted, shut the terminal and limit its opening till the following date. When the situation is activated, carry out all enabled movements and disable the prerequisites (follow the motion most effective as soon as). Permit the chance supervisor situation. A box for getting into the Benefit (Loss) quantity, upon exceeding which the set chance supervisor motion will likely be activated. In each and every box you’ll be able to input each a good and a detrimental worth (with a minus signal), and the entered worth will likely be used as is. Button for switching the unit of dimension of Benefit (Loss) (within the deposit forex or %). Frequency of sending messages. If the worth is 0, the message will likely be despatched 1 time. * This sort of notification calls for further settings within the terminal. You will have to permit notifications to be despatched to programs and supply an deal with for the notification. The place to set it up:
For mt4 right here.
For mt5 right here.
** This sort of notification calls for further settings within the terminal. You will have to permit programs to ship e-mail and supply your e-mail deal with. The place to set it up:
For mt4 right here.
For mt5 right here.
Methods to set up chance supervisor
Make a choice the prerequisites for activating the chance supervisor 2 and cross to its settings. Within the settings, specify the motion that the panel will carry out if the situation is activated 3-9. Permit checkbox 10 if the chance supervisor will have to be used most effective as soon as (after activation and execution of the motion, the chance supervisor for the chosen situation will likely be disabled). Input the worth upon attaining which the chance supervisor is activated 12 (in the event you input a detrimental quantity, input it with a minus signal). Permit checkbox 11.
Panel for OCO orders
The panel is designed for putting OCO orders.
OCO orders are two pending orders interconnected through a mutually canceling serve as: when one order is performed, the second one order is deleted.
Button for developing an OCO order. Record of put in OCO orders. Fields for getting into order tickets that will likely be connected within the OCO order. Button for putting in an OCO order. Order labels.
Methods to create an OCO order
Click on the “+OCO order” button 1. Input the price ticket numbers within the fields 3, or make a choice orders the usage of the labels 5 (click on at the labels of the desired orders). Click on the OK button 4.
Panel for Basic shut
The panel is designed to near orders when the entire benefit or lack of positions reaches a specified worth.
The panel is composed of 2 tabs:
All symbols – is designed to near orders on all symbols. Best XXXXXX – is designed to near orders most effective at the present image.
A tab for putting in place the serve as of remaining orders and positions for all symbols. The serve as in this tab takes under consideration the benefit of all positions at the account. When the desired benefit or loss is reached, the serve as will shut all orders and positions at the buying and selling account. Present benefit within the deposit forex and in % of the stability for the chosen positions. The kind of positions whose benefit will likely be taken under consideration within the serve as. The kind of positions and orders that will likely be closed when the serve as is activated. Shut orders and positions when the desired benefit within the forex is reached. * Shut orders and positions when the desired benefit in % of the stability is reached. * Shut orders and positions when the desired loss in forex is reached. * Shut orders and positions when the desired loss in % of stability is reached. * A tab for putting in place the serve as of remaining orders and positions for the present image. The serve as in this tab takes under consideration the benefit of positions opened at the present image. When the desired benefit or loss is reached, the serve as will shut orders and positions at the present image.
* In each and every box you’ll be able to input each a good and a detrimental quantity. A detrimental quantity will have to be entered with a minus signal.
Methods to set the serve as of remaining orders and positions when a specified benefit or loss is reached
Pass to the “All Symbols” tab 1 to account for earnings and shut orders and positions on all symbols. Pass to the “XXX Best” tab 9 to account for earnings and shut orders and positions at the present image most effective. Make a choice whose benefit will turn on the serve as 3. Make a choice which kinds of orders and positions the serve as will shut when activated 4. Input the quantity of benefit or loss, upon attaining which the serve as will likely be activated 5-8 and permit the checkbox to start out the serve as.
Panel for Surroundings duties
The panel is designed to set duties for opening and shutting orders. The duty is activated when the desired time is reached or when the fee touches the road set at the chart.
Job kind. Job activation situation: Pattern line – the duty is activated when the present value touches the rage line. Horizontal line – the duty is activated when the present value touches the horizontal line. Time – the duty is activated when the desired time is reached (the time is indicated through a vertical line). Job activation – the duty is activated when any other activity is activated (decided on from the already set duties). Approach of touching the present value of the duty line (just for development and horizontal strains). Turn on the duty after the fee rolls again to the road (just for development and horizontal strains): “Rollback – bar shut” – when this selection is enabled, the duty will likely be activated when the next consecutive occasions happen: the fee crosses the road and the bar closes at the reverse facet of the road. then, after breaking the road, the fee rolls again to the road and touches it (contact through the chosen way). Multiple bar can shut in the back of the road, this doesn’t cancel the duty. “Rollback – issues” – when this selection is enabled, the duty will likely be activated when the next sequential occasions happen: the fee crosses the road and strikes clear of the road through the desired distance in issues (box 1). then, after breaking the road, the fee will roll again to the road and contact it (contact through the chosen way). The fee would possibly transfer clear of the road through greater than the desired distance, this doesn’t cancel the duty. Delete activity: Delete activity when specified time is reached. Delete activity when specified Bid value is reached. Delete activity when specified Ask value is reached. Colour of the duty line. Remark for the order. The process of calculating the order quantity and the sphere for getting into the chance. Calculated order quantity. Repair the ratio between SL and TP. Fields for getting into TP and SL. Benefit/Loss when TP and SL are prompted. Button for environment the duty. Form of order or place to be opened or closed.
Methods to set a job
Make a choice the duty kind (open or shut). Make a choice the order or place kind 14. Make a choice the activation prerequisites 2. For strains – set to the desired degree, for “Job activation” make a choice the duty. For strains, if vital, permit contact on Rollback 4. If vital, permit the prerequisites below which the duty will likely be deleted 5. Set the colour of the duty line. For a job to open an order or place, set its parameters 7-11. Click on the OK button 13.
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