Mini Panel Daytrade
- Utilitys
- PATRICK ANTONIO MORELO A.
- Version: 1.0
- Aktivierungen: 5
Simple panel with Stop Loss (Loss), Stop Gain (Gain), Trailing Stop (TS) and Breakeven (BE-P).
The End Chart button scrolls the chart to the last bar.
The Opn/Cls button opens and closes the panel.
The profit/loss value of the day's trades is shown in the yellow band next to the End Chart button.
The Lot is the number of contracts to be traded.
Gain is the number, in points, where the stop gain will be positioned. If you don't want to put a stop gain, just put 0 (zero) in its place and when you open the order it won't have that stop.
Loss is the number, in points, that the stop loss will be placed. If you do not want to place a stop loss, just put 0 (zero) in its place and when you open the order it will not have this stop.
TS is the number, in points, at which the trailing stop will be activated and represents the distance that the stop loss will wait from the current price. Upon reaching this number of points, the price will go to the breakeven point and will follow the price at that distance of points.
BE-P is the number, in points, that the stop loss will be placed above the entry price of the trade. This option has the objective to discount the trade spread and/or brokerage when the Breakeven button is pressed.
After changing the values of any of the fields, you MUST click on the graph for the values to be updated.
Parameters can be configured when inserting the panel on chart.
The AP parameter is the number, in points, that the stop loss moves per tick when the trailing stop is activated. This number, in general, can be equal to the tick size of the asset you are trading. If you want the trailing stop to move faster, the AP should have a higher number (default = 5).
The Costs parameter is the number, in local currency, which is discounted/added to the profit/loss value of the operation (default = 0).
The Factor parameter is the number that represents the factor that will be multiplied by the point values in Gain, Loss, TS and BE-P (default = 1).
After changing the values of any of the fields, you MUST click on the graph for the values to be updated.
Updates to the commands are made OnTick, that is, any option on the panel will only be updated when there is movement in the price (market open).
As a recommendation, use the demo version on a demo account to test and get to know the utility.
