Trade Panel R7
- Utilità
- Eduardo Terra
- Versione: 1.21
- Aggiornato: 20 maggio 2024
Trade Panel R7 aims to replace the standard trading panel of Meta Trader 5, which is fixed, making the operational part of day trading difficult, as well as unattractive and the red and blue flashing buttons are annoying.
It's simple, easy, uncomplicated, pleasant to view and with extra features that certainly help a lot with day trading activities.
1 - With initial input parameters that can help manage risk limits, such as loss limit, gain limit and lockout for new orders if the limits are reached, only being released the following day.
Note: Locking new orders will only be functional when using Trade Panel R7, considering that the trader will have the discipline not to use other means of placing orders if their profit or loss limits have been reached.
2 - The panel can be moved to any location on the graph, simply by clicking and dragging, which makes it easier to view and operate.
3 - When filling in the "Volume" field on the panel, it will start processing the information and fixed information and dynamic information will appear in the upper left corner when a trade is in progress.
4 - You can only have a single panel active at the same time on the platform.
Initialization:
When starting the EA, the screen to enter the initial parameters will appear.
1 - Maximum daily loss limit, from 1% to 40%. Upon reaching the limit, the system closes ongoing trades and blocks new orders for the day.
2 - Maximum daily earnings limit, from 1% to 90%. Upon reaching the limit, the system closes ongoing trades and blocks new orders for the day.
3 - Margin usage limit, from 5% to 40%. Orders or additions will only be executed if they do not exceed the margin limit to be used.
4 - Volume limit on additions, from 10% to 200%, to be used in Netting type accounts, more lots can be added to a trade in progress, but it will be limited to up to x% of the trade's initial lot.
Functions:
For hedging and netting accounts:
a) It is mobile, you can click and drag it anywhere on the chart
b) You can place stop loss and take profit (in points)
c) Management of loss and gain limits on the day.
d) If the limits are reached, ongoing trades will be closed and blocks for new orders.
e) Margin usage limit management.
Only for netting accounts:
f) Option to place lots and points for partial runs.
g) Protects trade gains by moving the stop when performing partials.
h) Additions or partials can be performed manually.
i) The partials will be executed automatically until the number of lots is zero.
Operational:
You can use the panel for basic buying, selling and closing functions, but you can also place stop losses, take profits and partials.
In hedge-type accounts, each click on buy or sell will generate a ticket for each order. If, for example, you have several purchase tickets and press the sell button, the system will close the oldest purchase ticket.
In netting-type accounts, if you press the buy button several times, the quantities will be accumulated in the same ticket and if you press the sell button, partial fulfillment of the required quantity will be made.
The “x 1st Partial” field can be filled in with a number multiplying the batch quantity of the partial that will only be made the first time, the other partials will continue with the pre-established quantity.
The “SL 0 1st Part.” field, if Y is marked, then in the first part the stop will be moved to the trade entry point, in this case if the price returns there will be no loss. If marked with N, in the first partial the stop will be moved to half the points of the original stop loss, and in the remaining partials it will follow the trailing stop pattern until the number of open lots is zero.
These partial parameters can be changed dynamically, even if the trade is in progress.
Assessment:
For a long time I looked for an EA that could help me with the administration and execution of the trade, but my search did not bring up anything that could help me. I had to develop my own program myself. Because I am a trader and not a software developer, the practical results of this panel surprised me and today it is my main tool in day trading.
