Trade Assistant MT5

Trade Assistant is a trading panel designed for manual trading. The main function of the panel is to place orders and positions using pre-markup in the form of graphic lines on the chart, according to the rule (risk / reward ratio).

The Trade Assistant panel does not work in the strategy tester, a special trial version has been made to check.

Main functions

• Volume calculation ($ Currency,% Balance,% Equity,% Free Margin,% Custom).
• Setting orders using graphic lines.
• Setting orders with virtual stop SL and TP levels.
• Order closure by type.
• Closing positions in parts (Partial TakeProfit).
• Pull up Stop Loss (SL) for the price (Trailing Stop).
• Transfer of the order to breakeven (Breakeven).
• Setting Alerts for crossing a line or trendline, to choose from (Voice message, Alert, Push, Mail).
• OCO ('One Cancels the Other' orders) - the function removes pending orders if one of the pending orders is activated.
• Hotkeys for trading and others.
• Calculation of the Commission for the new order.

Calculation of risk

To calculate the volume of a position, the risk / reward ratio is used. To set the 1: 3 ratio, go to the (Trade) tab and set the values ​​to the corresponding parameters (Profit - 3, Loss - 1). Position volume can be calculated using the following methods:

• $ Currency
• % Balance
• % Equity
• % Free Margin
• % Custom

% Custom - to calculate the percentage of risk from its value. It is necessary to specify on the tab (Settings - Custom value).

Virtual SL of TP

Virtual orders of SL of TP TP are not transferred to the broker's server and are executed by the expert. The program draws lines of SL TP and tracks their position relative to the market price. When the price crosses the lines, the expert closes the position.

For the correct operation of this function, the program needs to work continuously.

Closing orders on the tab (Close)

To close positions and orders, special functions are made that allow you to close by type:

• Close Buy - closes all Buy positions.
• Close Sell - closes all Sell positions.
• Close All - close all Buy and Sell positions.
• Close Profit - closes all positions for which Profit> 0.
• Close Loss - closes all positions for which Profit <0.
• Close Stop - closes all Stop orders.
• Close Limit - closes all Limit orders.

The columns Profit,%, Total, indicate: the

• total profit of each type of
• profit in percent relative to the current balance the
• number of positions in each type.

Functions Target Profit, Target Loss - close all positions when reaching the specified profit. For Target Loss, you need to specify a profit with a (-) sign to limit losses and with a (+) sign to save profits.

OCO Order ('One Cancels the Other' orders)

function removes pending orders, provided that any of the pending orders has been activated or deleted manually, then the function will remove the remaining pending orders.

Closing a position in parts

In order to close a position in several parts, you need to set the number of parts on the tab (Settings - Partial takeprofit) 10 parts are available. Volume of each part to be closed = Position volume / number of parts.

Trailing Stop

Trailing Stop moves the Stop Loss position at a specified “distance” in points from the market price. Trailing Step - sets with which step the Stop Loss will be moved.

Breakeven

Breakeven moves the Stop Loss position to the "opening price + Break Even profit" level. Breakeven level - distance in points from the opening price, when the market price reaches this level, the function will move the Stop Loss.

Commission

The commission is calculated automatically on historical data and is taken into account for entry and exit. If in the history of deals there are deals with the current Symbol, the commission is shown on the Trade tab as (Com: 1.0). The profit of the open position and the stop SL SL order are shown taking into account the commission.

An open position can be controlled using the control buttons.

• R button - the Reverse function closes the current position and opens it in the opposite direction.

• H button - the Hedging function opens a position in the opposite direction with the same lot.

• Button X - closes the position.

Disable menu buttons can be in the advanced options.