TradePanel MT5

Trade Panel is a multifunctional trading assistant. The application contains more than 50 functions for manual trading, and allows you to automate most trading actions.

Trade.

Allows you to perform basic trading operations in one click:

• Opening pending orders and positions.
• Closing pending orders and positions.
• Reversal of positions (close BUY and open SELL or close SELL and open BUY).
• Locking positions (make the volumes of SELL and BUY positions equal by opening the opposite position).
• Perform partial closing of all positions.
• Set Take Profit and/or Stop Loss of all positions to a common level.
• Set Stop Loss of all positions to the breakeven level.

When opening an order and position, it allows you to:

• Use automatic calculation of the deal volume according to the established risk.
• Open multiple orders in one click. Distribute the calculated volume between several orders.
• Use order opening marks, which visualize the location of trading levels of the future order on the chart.
• When opening a position, set a limit on the maximum spread.
• Use automatic take profit to stop loss ratio.
• Use virtual Stop Loss and Take Profit.
• Add current spread to Stop Loss and Take Profit.
• Calculate Take Profit and Stop Loss using the ATR indicator.
• Set the expiration date for a pending order.
• Use trailing pending orders.

When closing orders and positions, it allows you to:

• With one click, close by orders type.
• With one click, close only profitable or unprofitable positions.
• With one click, close all orders with one click.

Risk manager and trading report.

Allows you to perform trade analysis:

• Shows trading history on the chart. Allows you to select which item types are displayed.
• Creates a trading report on all symbols or only the current one.

Allows you to control risks on your trading account:

• Shows profit for the day, week and month.
• Limits daily, weekly and monthly loss.
• Limits daily, weekly and monthly profits.
• Limits the number of deals per day.

When the limit is reached, it allows:

• Display a message on a chart, send a notification to a mobile phone, or send an email.
• Close all positions and pending orders.
• Lock positions (make the volumes of SELL and BUY positions equal by opening the opposite position).
• Close the terminal until the next day.

OCO orders.

Allows you to create OCO orders.

OCO orders are two pending orders interconnected by a mutually canceling function: when one order is executed, the second order is deleted.

General closure of orders and positions.

Allows you to close orders and positions when the total profit or loss of positions reaches a specified value:

• Can close orders and positions on the entire account or only on the current symbol.
• Can take into account the total profit of positions or only Sell or Buy positions.
• Can close all positions and orders or close only selected types.

Tasks.

Allows you to set pending tasks for opening and closing orders and positions:

The task is activated when the specified time is reached, the price touches the line, or when another task is activated.

Can open or close all types of orders and positions.

Trailing stop function.

Allows you to set a trailing stop function for positions (move the stop loss according to a specific algorithm in the direction of profit):

• Has 6 types of trailing stop.
• Has a start function.
• Can work with virtual stop loss.

Break-even function.

Allows you to set the Breakeven function for positions (when the specified profit is reached, move the stop loss to the position’s breakeven level):

• Unlimited number of breakeven levels per position.
• Setting the distance from the position opening price to the level at which the stop loss will be set.
• Can work with virtual stop loss.
• Setting distances in four measurement options: in points, in % of Stop Loss, in % of Take Profit, price.

Partial closing function.

Allows you to set the Partial Closing function for positions (close part of the position when a specified profit is reached):

• Unlimited number of Partial Closing levels per position.
• Setting the closing volume in three measurement options: fixed lot, % of the current lot, % of the initial lot.
• Setting distances in four measurement options: in points, in % of Stop Loss, in % of Take Profit, price.

Alerts.

Allows you to set an alert when the price touches a specified line or reaches a specified time.

Can display an alert on a chart, send a message to EMAIL or mobile phone.

Chart management

Allows you to switch symbols on terminal charts and analyze data by symbol:

• Can create up to 4 lists with symbols, the names of the lists are specified by the user.
• The list of symbols for each list is specified by the user.
• Can move a symbol to the Favorites tab.
• Creates a separate list of symbols where there are open orders.
• Can highlight a symbol button in any color.
• Displays the current state of the market and orders.

Info panel.

Displays current information for the symbol:

• Spread.
• Time until the bar closes.
• Profit on the current symbol.
• Number of positions, their volume and difference.
• ATR indicator readings.
• Power reserve of the ATR indicator.
• Breakeven price for orders on the current symbol.

Order management.

Allows you to manage order and position parameters, set and configure:

• Stop loss and take profit.
• Virtual stop loss and take profit.
• Trailing stop function.
• Break-even function.
• Partial closing function.
• Perform full or partial closure.

#Tags: Trading Panel, Trade Manager, Trading Assistant, Trade Assistant, Risk Management, Order Management, Trailing Stop, Break Even, Partial Close, Manual Trading, Virtual Order, Virtual Stop Loss, Virtual Take Profit, Invisible Stop Loss, Invisible Take Profit, Risk Manager, Drawdown protection, Account protection, Max drawdown.