This trading panel allows to preview (before sending the trade request) the potential profit by take profit and the potential loss by stop loss. These values are calculated by setting the deal volume and moving three horizontal lines: “OPEN”, “TP” and “SL”. This gives a trader the ability to easily and quickly select the order volume and the stop levels for the future order. After selecting the suitable parameters, the trader can send the corresponding trade order by pressing “Open order”.
The trade panel has an intuitive interface and is made in two versions, for MetaTrader 4 and MetaTrader 5. Below is the demonstration video for the MetaTrader 5 version, but it is also valid for the MetaTrader 4 version.
The panel calculates the profit and loss without taking the slippage into account!