Trade Dashboard: Introduction

Trade dashboard is a manual trade manager to ease things for manual traders, it automates some of trading aspects, such as lot size calculation, partial closing of a trade, breakeven, trail stop loss and pending orders, you can set timer for different trade tasks such as close all, or open a specific trade at a certain time, you can place your orders visually with the help of trade line tool on the chart,Also you can manage your basket of orders, check economic calendar on the chart, check forex trade sessions and lots of other features.

Some of key Features:

Trade Tab >>

1. Auto lot size calculation based on Risk % or Risk $.
2. Fixed lot size.
3. Buy line and Sell line button to show trade tool on the chart and take trades visually.
4. Set risk to reward ratio.
5. Keep risk to reward ratio feature.
6. Showing entry price and entry distance from market price.
7. Setting SL/TP based on “Point” or “Price”
8. Showing actual Risk, Reward and RR based on trade lot size.
9. Showing trade commission and required margin.
10. Closing tab, Pending Order tab and Hedge tab.

Options tab >>

1. Setting multiple partial close levels.
2. Partial close price based on Point, RR and TP%.
3. Partial close lot based on Initial lot size, current lot size or fixed lot size.
4. Automatic breakeven option.
5. Option to cover commission fee at automatic breakeven.
6. 8 trail stop options. (Regular, RR-Based, Candle HH/LL, Profit, Moving Average, Parabolic SAR, ATR, Fractals)
7. Trail pending order price.

Basket Tab>>

1. Showing Basket of active positions under control of EA with the ability to modify each one.
2. Showing Basket of pending orders under control of EA with the ability to modify each one.
3. Showing breakeven of buy trades on the chart.
4. Showing breakeven of sell trades on the chart.
5. Visually set a unified SL/TP for all buy trades based on Point or monetary amount.
6. Visually set a unified SL/TP for all sell trades based on Point or monetary amount.
7. Set a monetary take profit amount for the whole basket.
8. Set a monetary stop loss amount for the whole basket.
9.  Set a max limit for equity to close all trades.
10. Set a min limit for equity to close all trade.
11. Categorize all open positions and orders.
12. Ability to close or delete positions and orders based on their category.

Info Tab>>

1. Show the report of trades based on symbol and magic number.
2. Ability to take Excel output.
3. Show current chart symbol properties.
4. Show account properties.

Alarm Tab>>

1. Set alarm for different price action like breaking a line on the chart or reaching to a certain time.
2. Set iteration and interval for the alarm.

Market Session>>

1. Show different market sessions (Tokyo, Sydney, London, New York)
2. Ability to choose time zone.
3. Ability to see start and end of each session on the chart.

Task Scheduler>>

1. Set timer to perform trading tasks like “Close All”, “Close Profit”, “Buy”, “Sell Limit”, “Screenshot” etc.,
2. Ability to set daily repeat for the task.
3. Ability to change properties of schedule task such as time, SL/TP, Entry etc., after setting the task.
4. Ability to save the schedule list.

Economic Calendar>> 

1. Showing Economic news of the current week.
2. Ability to set time zone.
3. Ability to set filter news based on Impact and currency.
4. Ability to view the candle corresponding to the timing of incoming news.
5. Ability to set “Close All” task before or after news.
6. Ability to get notification before or after news.

Settings Tab>> General

1. Ability to set measure mode as “Point”, “Pip”, “Point*100”,” Point*1000”,” Point*10000”.
2. Ability to take multiple orders with one click.
3. Ability to Split lot size of an order.
4. Ability to take multiple trades if trade lot size is bigger than broker max lot size.
5. Set different dashboard theme colors.

Settings Tab>> Trade

1. Ability to set max allowed risk.
2. Ability to set max spread and slippage.
3. Ability to add a multiplier of spread to the trade.
4. Ability to add commission and spread fee to the trade lot size calculation,
5. Virtual SL and TP.
6. Virtual Pending order.
7. OCO option.

Settings Tab>> Auto SL/TP

1. Ability to set automatic SL based on ATR or Candles higher high and lower low.
2. Ability to set automatic TP based on ATR or Candles higher high and lower low.

Settings Tab>> Basket

1. Ability to manage manual orders or other EA trades.
2. Ability to set virtual SL/TP for whole basket.
3. Ability to manage whole symbols from one chart.

Settings Tab>> Over Trade

1. Ability to stop trades after a defined number of trades within a month/week/day/hour and minute.
2. Ability to stop trades after an amount of daily loss.
3. Ability to stop trades after an amount of daily profit.
4. Ability to stop trades after a number of active trades.

Settings Tab>> Notification

1. Give notification for different trading tasks such as open, close, hit SL, hit TP etc.
2. Set different notification method such as play sound, screen notify, phone message or email.
3. Take screenshot for different trading tasks.

Settings Tab>> Hotkey

1. Set hotkeys for different actions.
2. Combine Shift key to hotkey.

Also user can save settings as default or normal save or can save settings as a template.

 

Header Part:

1.    When you press on it you can see a table showing all symbols of your market watch categorized based on their section. By clicking any of the symbols your current chart has been changed to it.

2.    Spread sign, if symbol spread is bigger than what is specified in Settings>Trade “Max Allowed spread”, then it shows a red cross sign, and if the spread is below that, it shows a green tick sign indicating that the spread of the symbol is not too high.

3.    It minimizes the panel giving you more space on the chart.

4.    If you use partial close, breakeven or trail stop options, some dotted lines corresponding to each option are shown on the chart, by this eye-shaped icon you can hide or show those lines.

5- Hide/Show Information box: each trade has in information box related to it, you can see information of that specific trades on the information box, if you press the menu button the information box, you’ll be able to modify settings of that trade.

Small Modification Panel>SL/TP Tab

1. You can change the SL and TP of the specific trade, the trade ticket number is written on the header, alternatively you can move the SL or TP information bar to change the SL or TP.
2. If you press the Virtual SL/TP, then SL/TP will be hidden from you broker.
3. If you press on Virtual Order, then your order will be hidden from you broker and EA is responsible to activate it if market price hits order open price.
4. If you press OCO for this order, then when it gets activated, other orders will be deleted.
5. By pressing “Price Modify” you can move order on the chart visually and set it on another price.
6. If you press on Expiration button, then a yellow arrow will present on the chart and you can visually move it to set the expiration time of the order.

Trade Tab:

1. Risk%: when you set Risk%, Risk $ and Lot size will be adjusted automatically. Also, if you change Risk$, Risk% and Lot size will be adjusted and if you change Lot then Risk% and Risk$ are adjusted automatically.
2. Keep Reward-to-Risk Ratio: if you press it, TP size will be adjusted as you change SL size.
3. Trade Lot Size: it can be automatically obtained based on Risk% and stop loss if “Risk %” button is pressed, however if “Fixed Lot” is pressed then use needs to manually set lot size.
4. SL Point or Price: It shows SL Point if purple button is set to “Point” and shows SL actual price if purple button is set to “Price”.
5. TP Point or Price: It shows TP Point if purple button is set to “Point” and shows TP actual price if purple button is set to “Price”.
6. SL/TP Measure Mode: It change the mode of SL/TP boxes from showing points distance to price and vice versa.
7. Gauge button to change Trade Pallet: it changes trade pallet to Hedge and Pending order pallets. If you click on the left side of the gauge, it changes between Hedge and Close pallet. If you click on the right side of the gauge then it changes between close and pending order pallet.

Close Pallet:

 

Pending Order Pallet:

 

 If you want to modify your trail setting after taking a trade, you can press on the menu button of the information box related to that trade, a small modification box is open allowing you to modify your trail settings.

 

Basket tab > Positions

Basket tab > Orders

 

1. Auto Measure Mode: your current measure mode is written in the Trade tab between SL and TP box in a purple button. When you select a measure mode, you SL, TP, Partial close distance, breakeven distance and trail stop distance are measured by that measure mode. Choosing right Measure Mode helps you work more conveniently for that symbol, If you check “Auto Measure Mode”, then Trade Dashboard set “Point*100” for Crypto and Index symbols, and for the rest it choose “Point” mode.
2. Take Multiple Trades with One Click: you might be interested in taking multiple trades only by clicking of trade button rather than pressing a button multiple times. You can set how many trades you need to open with each click.
3. Split Lot Size into Multiple Trades: You might want to take 5 trades of 0.2 lot rather than one trade of 1 lot. If you set it to 5, it split 1 lot order into 5 trades of 0.2 lot.
4. Take Multiple Trades if LotSize>> Max Lot: Any trade symbol is limited to a max lot amount by your broker, if you can see your max lot number in “Info tab” under “Sym Info”. For example, ADAUSD max lot is 100 lot for each trade is most of brokers. Now if you need to take 150 lot of ADAUSD then you should check this setting, it automatically takes two trades one with 100 lot and the other with 50 lot to satisfy 150 lot.
5. Set SL/TP by modification: if you press this option, the Trade Dashboard, at first take your trade without any SL and TP, then it modifies your trade and set SL and TP. By using this option, you SL and TP will be more precisely set, for example, if you set 200 point of SL, then the SL will be exactly 200 points, because it is not affected by price slippage and things like that.
6. Save: It saves all of you setting, you can load your settings on any other charts or any other times.
7. Save as Default: if you save as default, then you setting will be automatically loaded as soon as you put Trade Dashboard on the chart.
8. Save as Template: If you save as Template, not only your settings is saved, but also your template of the chart is saved as well. For loading this type of save, you should right click on the chart and in the opened Manu, under Template, select “Load Template”, you should find you saved template there and click on it.
9. Reset: It reset all you setting to the original Trade Dashboard settings.
10. Load Default: it loads your default settings

Settings>Trade

 

1. Risk % Based: When you choose “Risk %” mode in the “Trade Tab”, it can calculate risk based on “Balance” or “Equity” or “Free Margin” or “Custom Amount”.
2. Custom Amount: if you choose “Custom Amount” in the “Risk % Based” option, you must specify how much monetary amount should be used as the basis to calculated risk. 
3. Max Allowed Risk: You can specify it based on “Balance %” or monetary amount, if you take an amount of risk more that this setting, it will automatically change it to the “Max Allowed Risk”, preventing you from taking unwanted risk.
4. Max Allowed Spread: If you check this setting, when you click on trade buttons, it checks the symbol spread, if it is bigger than this amount of spread, then it won’t take the trade.
5. Add Spread Multiplier: If you check this option, the EA automatically, add a multiplier of symbol spread to your SL and TP size, for example if you set it to 2, then EA add 2*spread size to your SL and TP, it also adjusts the lot size based on new SL size before taking the trade.
6. Virtual SL/TP: if you check this option, then Trade Dashboard is responsible to close your trades when market price hits SL or TP price, another word, your trade’s SL and TP are hidden from your broker. If you choose “Ask/Bid” mode, then Buy traders are closed when Bid price hits SL or TP and Sell trades are closed when Ask price hits SL or TP (just like the normal way of closing trades when they are set in the broker server side). If you choose “Bid” mode, then Bid price is the index for closing both Buy and Sell trades. Similarly, if you choose “Ask” then Ask price must hit SL or TP to close the trades. If you choose “Middle” then the middle price of Ask and Bid is the index price to close trades.
7. Virtual Pending Order: if you check it, then Trade Dashboard is responsible to turn pending order to active order when market price hits your pending order price rather than your broker. Another word, your pending order is hidden from your broker. If you choose “Ask/Bid” mode, then Ask price must hit order open price for the Buy orders to open and Bid price must hit order open price for Sell orders to open. If you choose “Ask” then for both Buy and Sell orders the Ask price must be hit and if you choose “Bid”, then Bid price must be hit. You can select “Middle” if you want the EA to open trades when middle price of Ask and Bid is hit.
8. Add Commission to Risk Calculation: If you check this option, then the EA, considers commission fee at lot size calculation. For example, if commission fee is 10$ and your Risk $ is 100$, then it calculates lot size in a way to lose 90$ when it hits SL. If you don’t check it, it calculates lot size in a way to lose 100$ when SL is hit.
9. Add Spread to Risk Calculation: If you check it, it adds spread size to the SL size and then calculates lot size. It results in lower lot size to cover spread fee.
10. One Cancels the Other Order (OCO): If you check it, when a pending order turns to active, it deletes other orders. You can specifically check this option for any single order using small modification panel.

Settings>Auto SL/TP

1. Auto SL: Active automatic stop loss.
2. Auto SL Type: In “Candle HH/LL”, it sets SL based on candles higher highs or lower lows.
3. Candles Num: It defines number of previous candles to find higher his and lower lows.
4. Pad Amount: Add this amount to the higher highs and lower lows prices.
5. Time Frame: Time frame of candles to find higher highs and lower lows.
6. Auto TP: Active automatic take profit.
7. Auto TP Type: In “ATR” type, it calculates TP based on ATR indicator.
8. Period: Defines period of ATR.
9. Multiplier: If multiply this number to ATR values.
10. Time Frame: Time frames of ATR.

Settings>TradeLine

1. Trade Line Width: Trade width of trade lines. You can also, change trade width of trade lines by moving the right or left part.
2. Trade Lines Distance from Right: Distance of trade line from right of the chart.
3. Trade Line Magnetization Factor: It defines how much trade line magnetize to the market price. If you increase it, the trade line changes from market price to order price harder. If you make it zero, it easily moves from market price to order price.
4. Trade Information Bar Width: when user takes a trade, it shows an information box, this setting shows the width of this box.
5. Active Trade Button on Trade Line: if you uncheck it, then the button on the trade lines won’t take a trade.
6. Show TP/SL Zone: If user uncheck it, TP and SL zones won’t be appeared.
7. Trade Line Box Mode: It shows position of trade line boxes relative to trade lines.
8. Lock SL Line to the Price: It ducks SL line to the chart.
9. Lock TP Line to the Price: It ducks TP line to the chart.

Settings>Basket

1. Manage Manual Trade: if you check it, it detects all your manual trades and can control it.
2. Set SL/TP for Manual Trades Automatically Based On Panel SL/TP: if you check it, when it detects manual trades, it set SL and TP based on Trade tab settings.
3. Virtual SL/TP for Basket: If you check it, when you set SL or TP in Basket>Rules tab, it sets a virtual SL/TP instead of actual SL/TP.
4. Manage All Symbols from One Chart: If you check it, you can control all trades with different symbols in one chart.
5. Manage Other EA Trades: If you check it, it detects all trades from other EAs.
6. Magic Numbers: if you leave it blank, it detects all of other EA trades, however, you can give it other EA’s magic number separated by comma.

Settings>OverTrading

 

Using this tab, you can let Trade Dashboard stop you when you pass over trading rules.

1. You can choose if to calculate over trading rules based on underlying chart symbol or All symbols.
2. You can choose if to calculate over trading rules based on certain magic numbers or all magic number.
3. You can choose if to calculate over trading rules based on Negative trades or All trades.
4. It shows report of over trading items.

Setting>Notification