Trading Helper is a trading and capital management program. It supports pending and immediate orders and features trailing stop, breakeven, and take-profit functions.
Capital management
The panel provides two methods of capital management:
- Fixed Percentage Method. The method uses the same risk per trade, which is set on the indicator panel. By default, it's set to 1%, but it can be increased or decreased using the left and right arrows. The trading volume in this case depends on the Stop Loss size. The higher the Stop Loss, the smaller the trading volume. The smaller the Stop Loss, the larger the trading volume.
- Lot Trading. This involves using a preset trading volume. To activate this capital management method, click the " Lot " button. The default volume is 0.1 lots and can be changed using the left and right arrows.
Transaction template
The "Trade" tab is a template for your future trade. All parameters selected here are applied to the trade once and have no further effect. Further editing of an already open trade is done through the "Manage" tab.
Breakeven function
The breakeven function for a new trade can't be applied immediately. Therefore, the panel allows you to apply it once, upon reaching certain conditions. To the right of the shield icon is a stepper with a value selection. This determines the value by which the breakeven will move into the positive zone. To the right of this stepper is a button with a double-headed arrow. This activates the breakeven function in the future. To the right of this button is another stepper. This selects the value in points after which the breakeven function is activated.
Let's take a closer look at an example. The settings in the image below say the following: after the trade's profit reaches 400 pips, the breakeven point will jump 100 pips into the positive zone.
Trailing stop
There are two trailing stops in the panel: regular and fractal.
- A standard trailing stop. Activate by clicking the button with the ladder icon. The stepper on the right allows you to select the trailing stop range in points.
- Fractal trailing stop. Activate by clicking the button with the fractal icon. On the right, you can select the fractal trailing type and the timeframe it will work on. The "Bar" button controls the trailing type. Bar:1 is used for a fractal where only one bar is closed after the extreme. Bar:2 is used for a fractal where two bars are closed after the extreme.
Take profit
The basic take profit is presented in one copy and allows you to close either the entire position or just part of it.
- The TP button activates take profit.
- Stepper 0% - 100%. Responsible for what percentage of the volume to cover.
- A checkmark button. Sets a take profit based on the risk-reward ratio.
- The stepper on the right changes the risk-reward value for the checkbox button.
Multi-take profit
The panel allows you to set 1 to 3 take-profits and distribute a percentage of the closed volume between them. Additional take-profits can be activated through the settings in the drop-down menu at the bottom of the panel (the blue rectangular field with an arrow) for " Trading Helper ." In " Trader Evolution, " take-profits are enabled via the bottom gear.
Trading orders
The " Market " button is used for instant order trading. Once activated, " Buy " and " Sell " orders appear below.
The " Pending " button is used for trading with pending orders. Once activated, the "Buy Stop," "Buy Limit," "Sell Stop," and "Sell Limit" orders appear at the bottom.
Trade
Opening an immediate order
To open a " Buy " or " Sell " order, first click the " Market " button. The following will then appear on the chart:
- The red stop line and the red rectangle marked " SL " are your potential stop loss, which you can move around the chart as needed. Simply left-click the SL rectangle and drag it to the desired price.
- Information bar on the red line. From left to right, it shows: percentage risk per trade/potential loss in currency/lot per trade/lot for which no take-profit has been set.
- Gray line and rectangle with arrows. The gray line is the current price. The rectangle is a button to mirror all orders on the chart. If you change your mind about buying and decide to sell, click the rectangle with arrows and the orders will be reversed.
- The information on the grey line is the spread size in points and in currency (calculated based on the volume per transaction).
- The green profit line (if enabled) and the rectangle marked TP. This is your future take profit. You can drag it along the chart using the same method as the stop loss.
- Information near the green line. From left to right, it shows: Percentage you'll earn if the trade closes at take profit/potential profit in currency/volume that will close at take profit (relevant if there are multiple take profits or partial closing is enabled)/percentage of the volume that will close at take profit.
Placing a pending order
To place a pending order, click the " Pending " button. The following will then appear on the chart:
- SL line with drag handle and foot information
- TP line (if activated) with drag handle and take profit information
- Current price line with a button to reverse orders
- The blue line of a potential pending order with a drag handle. We haven't covered this yet. In fact, the blue line should be placed where you intend to place the pending order. For example, if you want to place a " Buy Stop " order based on a fractal, the blue line should be above it, and the SL line should be below the stop line.
Transaction management
Trading instruments
Once opened, all trades are placed in the " Manage " tab and grouped by the instruments for which they were opened.
The currency pair you're currently on is highlighted in yellow. All open trades for that instrument are listed below the chart. Other pairs (if trades were also open) are grayed out. Each inactive (gray) tab has an arrow; clicking it takes you to its chart.
Table
Information on each transaction is stored in a table. Let's decipher the information:
- Type - Type of transaction or order
- Safe - Whether the position is insured. Is breakeven/trailing stop enabled?
- Lot - Trading volume for a position
- Risk - Position risk. Clicking on the cell allows you to choose between % and $
- TP - Position Profit. Clicking on the cell allows you to choose between % and $.
- P/L - Floating profit/loss for a position. Clicking on the cell allows you to choose between % and $
Editing a transaction
Clicking on a deal in the table will take you to the deal management menu. Here you can:
- Enable/Disable Trailing Stop
- Enable/Disable Breakeven
- Enable/Disable/Drag Take Profit
- Change the percentage of trade closing by Take Profit
- Move the stop level. This works the same way as in the " Trade " tab. Left-click the red rectangle and drag it to the desired location on the chart.
- Close the position, fully or partially.
Lock
The program has an integrated protection system against excessive risks. This protection is managed through the settings on the " Trade " tab. A lock limits the maximum risk percentage per trade, as well as the maximum possible trading volume. You can increase or decrease the acceptable risk and lot size using the arrows.
Program settings
When you hover over any settings element in the panel, tooltips with text appear. You can turn them off by selecting " Off " in the general gear next to " Tips ."
"Trade" tab settings. General
They're accessed via the long, rectangular blue button with an arrow in " Trading Helper ." In " Trader Evolution, " they're found in the bottom gear. From left to right, top to bottom:
- The castle is already described above.
- Three take-profit buttons - these are responsible for the number of take-profits in the " Trade " tab
- Comment icon - enables/disables the comment field in the " Trade " tab
- Type - comment type
- Fields - what fields will be in the promoted comment
Trade Tab Settings, Part 2
In " Trading Helper, " they are in the general gear. In " Trader Evolution, " they are in the lower gear:
Manage tab settings
They are accessed via the long, rectangular blue button with an arrow in " Trading Helper ." In " Trader Evolution, " they are located in the bottom gear.
Let's break it down from left to right, top to bottom:
- Fees – expenses. Determines whether the program will take swaps, commissions, and other expenses into account when calculating risk/reward, setting breakeven, or using trailing.
- Fees Options - select the features covered by " Fees "
- Claim All - Claim all outstanding trades in the terminal for all pairs
- This Pair - pick up unused trades in the terminal for the current pair
General panel settings
Trading Helper
Let's break it down from left to right, top to bottom:
- The first line is a selection of templates for light and dark color schemes.
- Scale - enables/disables panel scaling for different monitors
- Inner - select the size for the " Trade " and " Manage " tabs
- Market - select the size for the " Market " and " Pending " buttons
- Tips - enable/disable tips
Trader Evolution
Let's break it down from left to right, top to bottom:
- The first line is a selection of templates for light and dark color schemes.
- Scale - enables/disables panel scaling for different monitors
- Start - select the panel that will open by default
- Top - select the size for the " MM " and " EWA " tabs
- Inner - select the size for the " Trade " and " Manage " tabs
- Market - select the size for the " Market " and " Pending " buttons
- Tips - enable/disable tips
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