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Forex17 Mouse Trading Assistant Basic

FREE

Published: 19 March 2026

Current version: 1.0

Forex17 Mouse Trading Assistant Basic

Utilities
Robinson Alves Lemos
Robinson Alves Lemos
Associate Professor, PhD at UNEMAT

Brazil

832
4.5 (2)
========================================
FOREX17 — TECHNICAL PROFILE
========================================
My name is Robinson Alves Lemos, and I am the technical lead behind Forex17.

6 products
Version: 1.0

FOREX17 MOUSE TRADING ASSISTANT BASIC (F17MTA)

- Forex17 Mouse Trading Assistant Basic (F17MTA) is a visual trading tool designed to assist manual order placement directly from the chart using mouse and keyboard interaction

- Focused on structured execution and visual control, allowing traders to define entry, stop loss, and take profit levels in a clear and intuitive way

- This version provides a simplified execution model and serves as an entry-level version of the F17MTA ecosystem

====================== IMPORTANT NOTICE ======================

- This is the Basic (free) version of the tool

- The Standard version includes advanced features such as full multi-target execution

- If you are using a NETTING account, read the ACCOUNT TYPE BEHAVIOR section at the end of this description before use

- AutoTrading must be enabled in MetaTrader 5, otherwise the tool may not initialize or send orders

====================== MAIN FUNCTIONALITY ======================

- Press and hold B to activate Buy pending mode

- Press and hold S to activate Sell pending mode

- While holding B or S:

- Move the mouse over the chart to define price levels

- Entry, Stop Loss, and Take Profit levels are displayed dynamically

- Release B or S to cancel positioning mode

- While holding B or S, click on the chart to place pending orders

- If B or S is not pressed, mouse clicks will not trigger any order

- Enables precise and controlled order placement directly from the chart

====================== VISUAL INTERACTION ======================

- Entry, Stop Loss, and Take Profit levels are displayed dynamically based on mouse position

- Levels update in real time as the mouse moves

- Provides visual support before confirming order placement

====================== STRATEGIES AND EXECUTION ======================

- Supports two configurable strategies, switchable directly from the panel

- Each strategy allows:

- Name

- Multiplier (single target)

- Target distance (in points, single target)

- Stop distance (in points)

- Multiple values can be configured for multipliers and targets (comma-separated), similar to the Standard version

- However, in this Basic version:

- Only the first valid multiplier/target pair will be used for execution

- Additional values are ignored

- The same structure is used for:

- Pending orders via mouse interaction

- Market orders via panel buttons

- Ensures consistent behavior across execution modes

====================== LOT CALCULATION ======================

- Lot size is calculated as:

- Base Lot x Multiplier

- Example:

- Base Lot = 0.01

- Multiplier = 2

- Result = 0.02 lots

- The Base Lot acts as a global scaling factor

- To increase or decrease overall trading volume:

- You only need to adjust the Base Lot

- Strategy configurations remain unchanged

- This allows fast and consistent volume adjustment across all strategies

====================== SINGLE TARGET EXECUTION ======================

- This version supports one Take Profit per execution

- Designed for:

- Simpler trade management

- Single-entry strategies

- Netting account compatibility

- Dual-target behavior can be simulated manually by switching between strategies

- For this approach:

- Strategies must be properly configured in advance

- Each strategy should represent one target setup

- Execution depends on manually switching between strategies at the appropriate moment

====================== STOP LOSS ======================

- Each strategy uses a single Stop Loss

====================== ORDER MANAGEMENT ======================

- Delete all pending orders

- Close all open positions

- Close all (orders and positions)

- All actions are available through panel buttons

====================== PANEL INFORMATION ======================

- Base Lot display

- Open position result (profit/loss)

====================== CUSTOMIZATION ======================

- Buy/Sell colors (lines and buttons)

- Panel width

- Row height

- Spacing between rows

- Font size

====================== BASIC VS STANDARD VERSION ======================

- The Basic version provides a simplified execution model with single target support

- The Standard version expands this capability with full multi-target execution and advanced position management features

- Both versions share the same execution logic and interface, ensuring consistency across the ecosystem

- Key Differences:

- Standard version:

- Full multi-target execution

- Advanced position management

- Designed for hedging accounts

- Paid version

- Basic version:

- Single target execution

- Free to use

- Compatible with both hedging and netting accounts (see ACCOUNT TYPE BEHAVIOR section)

====================== ACCOUNT TYPE BEHAVIOR ======================

- This tool is designed for hedging accounts and behaves as intended in this environment

- In netting accounts, positions are merged into a single position

- Stop Loss and Take Profit are continuously updated based on new executions

- Individual Take Profits are not preserved

- Single target behavior:

- The first order behaves as expected

- When a new position is added:

- Stop Loss and Take Profit are replaced by the levels of the new entry

- For users who operate with only one open position at a time:

- Netting and hedging accounts behave equivalently when using this single target assistant

- No functional difference is observed in this usage scenario

- This behavior is a limitation of the MetaTrader 5 netting system, not of the tool itself

- For more advanced control and multi-target behavior, a hedging account is recommended

====================== IMPORTANT NOTES ======================

- Order execution depends on market conditions, spread, and broker execution

- Visual positioning depends on chart data and symbol specifications

- This tool assists trade execution and does not automate trading decisions

====================== FUTURE UPDATES ======================

- New features and improvements are primarily developed for the Standard version

- The Basic version may receive stability updates and minor adjustments

- For access to advanced features and ongoing feature development:
- Consider using the Standard version

====================== DISCLAIMER ======================

- This tool is for technical and educational purposes only

- It does not provide investment advice

- It does not guarantee results

- It does not perform automatic capital management

- Trading involves risk

- It is recommended to test the tool on a demo account before using it in live market conditions

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Screenshot #1 Forex17 Mouse Trading Assistant Basic

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Timeless Charts is an all-in-one trading utility for professional traders. It combines custom chart types such as Seconds Charts and Renko with advanced order flow analysis using Footprints , Clusters , Volume Profiles , VWAP studies, and anchored analysis tools for deeper market insight. Trading and position management are handled directly from the chart through an integrated trade management panel , while Market Replay and Virtual Accounts provide environments for practicing trading skills and

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EASY Insight AIO – All-In-One Power for AI-Driven Trading Want to skip the setup and start scanning the entire market – Forex, Gold, Crypto, Indices, and even Stocks – in seconds? EASY Insight AIO is the complete plug-and-play solution for AI-powered trade analysis. It includes all core Stein Investments indicators built-in and automatically exports clean, structured CSV files – perfect for backtesting, AI prompts, and live market decision-making. No need to install or configure indicators manu

159 USD

This product filters all expert advisors and manual charts during news time. It is able to remove any of your EA during news and automatically reattach them after news ends. This product also comes with a complete order management system that can handle your open positions and pending orders before the release of any news. Once you purchase The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from her

70 USD

" Trader Evolution " - A utility designed for traders who use wave and technical analysis in their work. One tab of the utility is capable of money management and opening orders, and the other can help in making Elliott wave and technical analysis. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Trading in a few clicks. Immediate and pending orders are available in the panel 2. Money management. The program automatically selects the appropriate lot size 3. Simplifies

80 USD

EA Performance Tracker (AESTracker) A clean, modern dashboard that shows exactly how your trades and EAs are performing — right on your chart. It reads your full account history automatically and breaks down the numbers by magic number / strategy. Display only — it does not place any trades. What it shows - Account header: live Balance, Equity, and Open (floating) P/L - Profit summary: gross profit, net profit, and the exact commission & swap deducted - Key stats: win rate, profit factor, exp

60 USD

This indicator displays only the upper and lower bands of a Bollinger-style volatility channel, without plotting the central moving average. Its primary goal is to provide a clean and flexible volatility envelope, allowing traders to focus on price behavior relative to the channel boundaries, while maintaining full control over chart aesthetics and composition. Unlike traditional Bollinger Bands, where the middle moving average is always displayed, this indicator uses the moving average internal

Forex17 Clock is a lightweight and minimalist utility for MetaTrader 5, designed to display the broker server time and/or a user-adjusted time directly on the chart. The purpose of the product is to provide clear and accurate time information without interfering with chart analysis, keeping the chart clean and functional. The clock is drawn directly on the chart using text only, without panels, backgrounds, borders, or intrusive visual elements. This approach ensures low resource usage, excellen

Forex 17 – Bollinger Bands Pure Sound Alert No Plots generates sound alerts when price crosses above the upper band or below the lower band of the Bollinger Bands. Different sounds are triggered for upward and downward breakouts, helping identify potentially overbought or oversold conditions. This no-plot version operates without drawing any visual elements on the chart. Customizable parameters include band period, deviation settings, and adjustable alert intervals. The sound-only approach is i

Forex17 BreakEven Price is a financial reference indicator for MetaTrader 5 that displays, directly on the chart, the financial break-even price of the operation or of the day. The indicator does not execute orders, does not manage positions, does not generate signals and does not automate decisions. It is exclusively a visual tool to support manual trading, providing an objective reference based on the financial results of the account. What the indicator shows The indicator draws a single hori

FOREX17 MOUSE TRADING ASSISTANT (F17MTA) Forex17 Mouse Trading Assistant (F17MTA) is a visual trading tool designed to assist manual order placement directly from the chart using mouse and keyboard interaction. It focuses on structured execution and visual control, allowing traders to define entry, stop loss, and take profit levels in a clear and intuitive way. ====================== IMPORTANT NOTICE ====================== If you are using a NETTING account, please read the "ACCOUNT TYPE B

35 USD

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Forex17 Mouse Trading Assistant Basic

Robinson Alves Lemos