Advanced MT4 Tools 263 English Version
- Utilities
- Chen Guang Mao
- Version: 2.63
- Activations: 20
This is a feature-rich MT4/MT5 trading EA (intelligent trading system). Focusing on foreign exchange, gold and other financial products, it has built a complete system from basic transaction execution to refined risk control, order-holding strategies, advanced operations and status monitoring. The following detailed descriptions are given in the modules:
1. Basic transaction execution module
Lotto and direction control:
The input box sets "0.01" as the number of trading lots, which determines the position size of each transaction, and is suitable for different risk preferences (test positions for small lots, heavy positions for large lots).
"Buy" (red button), "sell" (green button) executes long and short positions with one click, and quickly starts trading.
Time anchor point: top "Time: 07:55:02 Friday", displaying EA running time in real time, helping traders to judge trading periods (such as key fluctuations such as European and American market overlap, data release windows, etc.).
2. Loss management module
Basic position closing operation:
"Full Close Position" (golden button): Clear all positions with one click to deal with emergency risks (such as black swan market, sudden major data).
"Flat long positions" (purple button), "Flat short positions" (golden button): Accurately close long or short positions, retain reverse positions, and flexibly adjust strategies.
Conditional closing strategy:
"Long order profit flat" (blue button), "Low order profit flat" (green button): Only flatten the corresponding positions of profit, lock in profits, and do not affect loss orders (suitable for "let profits run, cut off losses" strategy).
"Loss orders are fully flat" (green button): clear out all loss positions, quickly cut off risks, and avoid losses from expanding.
"Profit is flat" (red button): Fill out all profit orders, put them into the pocket and lock in account income.
3. Risk Management Module
(1) Unilateral risk control (Long orders/short orders exclusive)
Long order risk management:
"Long order take profit" (red button, parameter "300.0"): Set the long order take profit point separately, and automatically close the position when triggered, locking long profits.
"Long order stop loss" (green button, parameter "200.0"): Set the stop loss point of long orders separately, and automatically close the position when triggered, cut off long losses.
Short order risk management:
"Short order take profit" (red button, parameter "300.0"): Set the take profit point of the short order separately, and automatically close the position when triggered, locking the short profit.
"Stop Loss of Short Order" (green button, parameter "200.0"): Set the stop loss point of short orders separately, and automatically close the position when triggered, cut off short losses.
(II) Dynamic trailing stop loss
The input box is set to "200". After "Tracking Stop Loss" (blue button) is enabled, EA will dynamically follow the price to adjust the stop loss position:
If the position is profitable (such as long orders, the price rises), the stop loss position will automatically move upward (lock the profit to avoid pullbacks and swallowing profits);
If the price moves in the reverse direction, trigger the current stop loss position and close the position to control the loss.
(III) Unified Profit Setting
The input box is set to "0.00", and "Unified Take Profit" (blue button) can set the take profit points of all positions in batches to simplify risk control of multiple positions; "Prevention and Clearance" (green button) closes the position near the position cost (including handling fees and other costs), realizing the "Prevention and Export" strategy.
4. Pending order strategy module
Customize pending order parameters:
"0.00" (pending order price offset): Set the deviation value of the pending order price and the current market price (such as long orders, pending order price = current price - offset value).
"0.01" (number of left hand): Set the position size of the pending order, which is consistent with the real-time trading lots.
Pending order type and execution:
Callback strategy: "Callback long orders" and "Callback short orders". Automatically open positions when the price pulls back to the key support/resistance level, grab rebound/retracement market (suitable for volatile markets to sell high and buy low).
Breakthrough strategy: "Breakthrough long positions" and "Breakthrough short positions", automatically open positions when the price breaks through key resistance/support level, and chase the trend start point (suitable for trend trading in the trend market).
Pending order management: "Delete Pending orders" (yellow button) clears untriggered pending orders with one click, flexibly adjusts the strategy to avoid redundant pending order interference.
5. Advanced trading function module
Reverse operation:
"Reverse doubling": open a position in the reverse direction and double the number of hands (such as the current long position 1 → reverse short position 2), quickly reverse the strategy, and the game trend reversal.
"Reverse order opening": Only open positions in the reverse direction (the number of hands remains unchanged, such as 1 long order → 1 short order), flexibly adjust the position direction, and adapt to the oscillating market to sell high and buy low.
Locking function: "One-click full locking position" (purple button), open the same quantity in reverse to achieve locking position (such as long position 1 → short position 1), freeze floating profit and loss, and deal with extreme fluctuations (such as locking position before major data to avoid risk).
6. Status Monitoring Module
Position and guaranteed capital monitoring:
"Long orders: 0.00 lots (0.00) | Short orders: 0.00 lots (0.00)": Display the number and points of long and short positions in real time, and clearly grasp the position status.
"Position-guaranteed Point (including fees) No position": When holding a position, it shows the long/short guaranteed price (including handling fees, spreads and other costs), which assists in determining whether the closing position is guaranteed.
Account and initialization status:
"Balance: 170711.98 | Net Value: 170711.98 | Position: 0": Displays the account funds (balance, net value) and position status, and judges the available funds and risks.
"EA initialization is completed!": It prompts that the system is ready and the trading strategy can be executed normally.
Core values and applicable scenarios
This EA covers the full needs from novice fast trading to professional traders’ strategic execution through **"process trading operations + layered risk management (unilateral + dynamic + unified) + strategic orders (callback + breakthrough) + advanced flexible operations (reverse + locking)"**:
Beginner friendly: simplify opening/closing operations, lower trading thresholds, and avoid manual order errors.
Adaptation of advanced traders: Use "unilateral risk control and order-pending strategy" to realize semi-automated trading, free up market-focused time, while retaining strategy flexibility (such as custom callbacks/breakthrough points).
People with sensitive risk control must have: "tracking stop loss, guaranteed capital closing, unified stop-profit stop loss" Accurately control risks, adapt to strategies such as swing trading, trend tracking, and volatile markets with high selling and low buying.
In essence, it is the **"full trading solution"**, which not only solves the cumbersome operation and risk control loopholes in manual trading, but also implements the strategy through functional module empowerment, and is suitable for medium- and short-term trading scenarios of margin trading products such as foreign exchange, gold, and crude oil. I'm updating one after another, and I can also customize the panel.You can also customize the language versions of various countries. New and old customers are welcome to leave messages
