Trade Assistant: multifunctional utility for a professional trading

Trade Assistant: multifunctional tool for a convenient trading

The utility is divided into 4 main tabs:

1. [new] tab: New trades, Lot / Risk / Risk-Reward calculation.
2. [manage] tab: Trade management, Breakeven, Trailing, Auto-Close, Auto-Levels.
3. [info] tab: Trade statistics, market analysis.
4. [tool] tab: Indicators and auxiliary utilities.

[info] tab: Market information + Trade statistic

[info] subsection: market information, analysis the of price movements

Specify any currency pair / trading instrument to get a market information:

1. Current spread.
2. Swap for long positions (buys), and for short positions (sells).
3. Symbol load: calculates a potential loss on all active and pending trades of the selected Symbol: if SL levels will be reached, or the current floating loss if the SL level is not set. Also shows the total lot size of all trades, and trade amount
4. Total load: the same calculation, but for all Symbols on the account.
   
   If Limits are set in the settings [s] > [Risk management]: you'll see a visualization of the current Lot and Trade amount , compared to your limits. The [only active] / [active + pending] parameter from the settings is taken into account when calculating the deposit load.
   
   Select a TimeFrame and number of periods to analyze the price changes:
5. Average, Maximum and Minimum Volatility: value for 1 period of the selected TF.
6. High/Low visualization: shows the location of the current price, compared to the Minimum and Maximum prices for the selected time period.
7. Bar progress indicator: shows the percentage of time elapsed from the bar opening to the moment of its closing.
8. Up bars count: Close price is higher than Open price
9. Down bars count: Close price is lower than Open price
10. Neutral bars count: Close price is equal to the Open price

• Blue switch at the top [Price / Pips / Points / %]: calculation method for 'Load' data, and Volatility.
• [Volatility] button: if active, an additional window will show you the absolute volatility for each day for the last 4 weeks.
  Extra window can be moved to any place of the chart.
• [HL line] button: if active: max/min prices for the selected time period will appear on chart.
• [Power] button: the indicator of the current strength of the major currencies.
  The separate window can be moved to any place of the chart.
  Please note: If the currency pairs on your broker have a prefix / suffix, you should specify it in the settings [s] > [Chart]:
  [Symbol Prefix] and [Symbol Suffix] values.
• In the lower window on this tab you can type a Note (reminder) for the selected Symbol: so you can remember what you should pay attention to.

[stat] subsection: detailed statistics of your trading

1. Select either a specific [Symbol], or set [ALL] Symbols.
2. Select the time period for which you want to get a statistics:
   [All history], or the specified [Period:] in minutes / hours / days / bars.
3. Select the Profit/Loss calculation method, using a blue switch: account currency / pips / points / % account size.

Detailed trading statistics will be displayed lower on this tab:

• Gross profit
• Gross loss
• Total profit / loss
• Total number of trades
• Percentage of profitable long trades (buys)
• Percentage of profitable short trades (sells)
• Overall success rate
• Profit factor
• The average holding time of all trades
• The average holding time of profitable trades
• The average holding time of unprofitable trades

[Weekdays] option

Analysis of the days of the week when trades were opened. It may help you to find out the best / worst days of the week to enter the trades.

For each day of the week, the following info is displayed:

• The count of the profits / losses
• Success rate
• The red / green visualization will help you determine the best trading days

Links to the descriptions of the other tabs:

• [new] tab: New trades, Lot / Risk / Risk-Reward calculation.
• [manage] tab: Trade management, Breakeven, Trailing, Auto-Close, Auto-Levels.
• [tool] tab: Indicators and auxiliary utilities.

• Full versions of the utility: for MT4 | for MT5
• User manual: PDF file