• Overview
  • Reviews (2)
  • Comments (5)
  • What's new

Quick Order Tool

Order Tool is a trading assistant with a GUI panel that simplifies manual trading. It automatically calculates a lot size of a trade based on account balance, provides movable lines for setting entry, stop loss and take profit levels and at the same time it shows potential profit or loss.


Key Features

  • Lot size calculation based on percent (%) or money ($)
  • Working on accounts with different currency (Euro, Dollar, Yen, Pound)
  • Using different source of money for calculation (Equity, Balance, Free Margin)
  • Showing potential loss or profit on stop loss and take profit level
  • Order sending with or without take profit
  • Customizable style
  • Movable GUI panel


Main Settings

  • Calculation Source = Free Margin/Equity/Balance
    • Free Margin - account free margin will be used for lot size calculation.
    • Equity - account equity will be used for lot size calculation.
    • Balance - account balance will be used for lot size calculation.
  • Risk Type = Percent(%)/Money($)
    • Percent - initial value of risk in panel will be calculated based on percent. Proper values - from 0.01 to 100.
    • Money - initial value of risk in panel will be calculated based on value.
  • Risk Per Trade($ or %) - when you choose percent in risk type option, you should enter percent of risk and when you choose money you should enter vaue of risk.
  • Pending Order Distance, points - initial distance of entry from price in points for pending orders.
  • Stop Loss, points - initial stop loss of orders in points.
  • Take Profit, points (0=Disable) - initial take profit if orders in points, when you set it to 0 (zero) you can send orders without take profit.
  • Use Confirmation Dialog - an option to turn on/off the "confirmation dialog" of sending order.
  • Apply SL/TP After Opening - some brokers do not allow market orders with initial SL/TP, this option resolves that issue by modifying the order after opening.
  • Reset After Execution - an option to turn on/off auto resetting of the panel after order execution.

If you have any idea or suggestion to make this tool better, feel free to contact me.

P.S: Because of using complicated functions and chart events in this EA, it may not work in the strategy tester.

Arsalan Per Mohammad
242
Arsalan Per Mohammad 2018.11.15 19:28 
 

This kind of tool is very useful, but this one is not working properly. First of all, you have to always reload it because when you click the tool to open any position, it doesn't work, it thinks it's clicking the chart behind. You will constantly have to reload it to place an order. Second, it just opened 2 positions rather than just one at the very same price. MQL5 doesn't want to refund me either. This tool is garbage. Don't waste your money.

DR HADHOUD
164
DR HADHOUD 2017.11.20 03:56 
 

thank you this is really useful

Version 1.11 2018.10.30
- Fixed a bug on lot size calculation.
- Some Improvements.
Version 1.9 2018.10.01
- Improvement on lot size calculation
Version 1.8 2018.08.27
- Fixed a bug in lot size calculation
Version 1.7 2018.03.27
- Added an option to set on/off auto resetting of the panel after order execution.
Version 1.6 2018.03.13
- Added an option to apply SL/TP after opening an order (some brokers do not allow market orders with initial SL/TP)
Version 1.3 2017.02.02
- Added full compatibility with strategy tester.
Version 1.2 2017.01.10
- Added ability to save position and state of panel in changing of timeframe or restarting the terminal.