Burning Teko Trading Companion: User Guide (MT5 manual backtest panel)
Burning Teko Trading Companion is an on-chart panel for MetaTrader 5 that lets you trade by hand inside the Strategy Tester (visual mode). Normally you can only watch a backtest; with this panel you can click BUY, SELL, HEDGE or CLOSE while the test runs, exactly like on a live chart. This guide explains every part of the panel in version 2.0. The panel does not open trades on its own.
Product page: https://www.mql5.com/en/market/product/197966
Video walkthrough (version 2): https://www.youtube.com/watch?v=UEF8lskDJN4
1. GETTING STARTED
1. Open the Strategy Tester (Ctrl+R).
2. Select Burning Teko Trading Companion as the Expert.
3. Choose your symbol (the panel was built for XAUUSD) and a timeframe, for example M15.
4. Enable Visual mode and start the test.
5. The panel appears in the top-left corner of the chart. Use the speed slider to slow the test down while you trade.
The same panel also works on a live or demo chart. If you do not see the panel, check that the input "Show the trading panel on the chart" is set to true.
2. THE TOP OF THE PANEL
- Equity: your current equity, updated on every tick.
- P/L: the floating profit or loss of all open positions (green when positive, red when negative).
- Server and local time, shown on the right.
- Info: opens the Trading Summary (see section 9).
- A- and A+: make the panel font smaller or larger.
- Move handle (top-right): drag it to move the whole panel. Double-click it first to select it.
3. INPUT BOXES
Each value can be changed with the + and - buttons while the test is running.
- Lot Size: the volume for market and pending orders.
- SL / TP: stop loss and take profit in points (0 = none). Applied to new orders.
- FH Dist: the distance in points used by Floating Hedge, the Stop and Limit buttons, and the Trailing Stop.
4. ORDER BUTTONS
- BUY / SELL: open a market position with the lot, SL and TP from the panel.
- HEDGE: opens the opposite position for your net lot, so your buy and sell lots become balanced (net 0).
- BUY STOP / SELL STOP: place a pending order FH Dist points above (Buy Stop) or below (Sell Stop) the current price.
- BUY LIMIT / SELL LIMIT: place a pending order FH Dist points below (Buy Limit) or above (Sell Limit) the current price.
- Close Pending: cancels your Stop and Limit orders. The Floating Hedge order is not touched.
5. FLOATING HEDGE
Floating Hedge places a pending stop order in the opposite direction of your net position:
- net long: a SELL STOP below the price
- net short: a BUY STOP above the price
The distance is FH Dist and the volume is your net lot. Each time you click Floating Hedge again, the pending order moves to the new price, so it follows the market like a trailing stop. If the price reverses and touches it, buys and sells are balanced (the panel shows "Net: BALANCE 0 lot") and the result is locked until you decide what to do next.
- Close FH cancels the Floating Hedge order.
- To change the distance, set a new FH Dist value and click Floating Hedge again.
6. TRAILING STOP
The Trailing Stop button switches trailing ON (orange) and OFF (grey).
- ON: every open position gets a stop loss FH Dist points from the price. The stop only moves in the profit direction.
- OFF: the trailing stops and the SL and TP of your positions are removed.
Stop loss changes respect the broker's stops level and freeze level, and nothing is sent while the trading session of the symbol is closed.
7. CLOSING POSITIONS
- Close Buy / Close Sell / Close All: close all buy, all sell, or all positions.
- Close (next to each position in the list): closes only that position.
- Delete SL/TP: removes the SL and TP from all open positions.
8. POSITION LIST AND STATUS LINE
- Positions: the number of open positions and the net lot (net BUY, net SELL or BALANCE 0 lot).
- Each open position is listed with its type, lot, open price, P/L and comment.
- The grey status line at the bottom shows the last action and the server result (for example "act:FHEDG ret:10009 done"). This helps you see whether an order was accepted.
9. TRADING SUMMARY
The Info button opens a summary of the closed trades since the panel was started: number of trades, wins, losses, win rate and net P/L, split into BUY and SELL. Manual trades and Floating Hedge trades are listed separately.
10. CHART TOOLS
- Session range boxes: the high and low of the Asia session, the London session and the previous day, each in its own colour. These are drawings only; no orders are placed.
- Session lines: vertical lines for the open and close of Tokyo, London and New York.
- Woodie Pivot Points: P in blue, resistance levels in red and support levels in green, with a price label and level name at the end of each line.
- MA200, EMA20 and Bollinger Bands on the chart, and an RSI + Stochastic window below it with 30 and 70 levels.
- Swing lines: the nearest swing high above the price and swing low below it.
- Multi-timeframe table (bottom-right): RSI, Stochastic and trend for M1 to D1. A row turns green when RSI is 70 or higher and Stochastic 80 or higher, or RSI 30 or lower and Stochastic 20 or lower. An optional sound alert plays when H1 turns green. The small buttons above the table move it and change its font size.
Session hours are in broker SERVER time. Check your broker's server time zone and adjust the hours in the inputs if needed. All chart tools can be switched on or off in the inputs.
11. MAIN INPUTS
- Show panel, default Lot, SL, TP, Magic number
- Floating Hedge distance
- Step for the + / - buttons (lot and points)
- Panel position (X, Y) and font size
- Show/hide indicators, Woodie Pivots and their colours, multi-timeframe table and swing lines
- Session ranges: show Asia / London / previous day, range hours and colours
- Session lines: Tokyo, London and New York hours and colours
- Candle colours, grid and trade history display
12. TIPS
- Use visual mode and a slow speed for the most realistic manual practice.
- Keep a trading journal: note why you entered, then check the result in the Trading Summary at the end of the test.
- If a button does not react, check the status line for the server result. In the Strategy Tester a click is only read when a new tick arrives, so it can take a moment.
Risk warning: this is a tool for manual trading and backtesting. It does not trade on its own and does not guarantee profit. Trading gold and other leveraged instruments involves significant risk. Backtest results do not guarantee future results.
Questions or feature requests? Leave a comment on the product page.
