SimpleStop

SimpleStop is a utility for professional traders:

  • full support for the strategy tester for manual trading (Backtest) - placing, dragging, deleting orders (also available in the demo version);
  • placing orders in one click at the price with no limits on the maximum allowed offset level, as well as in a closed market. The EA places an appropriate order at the appropriate time - stop, limit or opening a position by market within the maximum slippage;
  • automatic Money Management;
  • automatic placement of StopLoss and TakeProfit;
  • management of the Breakeven level;
  • automatic Trailing stop.

Placing orders:

  1. press the Buy stop/limit button for a buy order or the Sell stop/limit button for a sell order.
  2. Hover the mouse cursor over the desired place on the chart and click the left mouse button. The EA will place the most appropriate order type: market buy-stop or limit order. If it is impossible to place an order (price is too close to the market price, market is closed, etc.), the EA creates a "virtual" pending order, which is placed on the market when a suitable case arises (price leaves the range, market opens, etc.).
  3. graphical objects are displayed for the virtual pending orders - horizontal lines.

Moving the StopLoss and TakeProfit levels

  • move SL to the required distance, TP is calculated automatically according to the TP / SL ratio parameter. If Ratio=150, SL=200, then TP will be placed at 300 (=200 * 150%). The number of lots is recalculated to meet the MM conditions.
  • move TP to the required distance, SL is not recalculated.

Managing breakeven and trailing stop

Price must reach a certain level (the Breakeven / SL ratio parameter), then SL is automatically moved to breakeven (the Breakeven SL parameter).

If the Trailing button is pressed, the SL level will follow the price.


Input parameters

Money Management:

  • Use fixed lots - fixed lot size (true) or a percentage of the deposit (false)
  • Trade lots - volume for trading a fixed lot
  • 1 Trade loss, % of Balance - size of the allowed loss in one trade as a percentage of the deposit
  • Gross loss, % of Balance - maximum allowed loss of all orders placed simultaneously as a percentage of the deposit
  • Max. margin, % Balance - maximum total margin of all orders placed simultaneously as a percentage of the deposit

Ratios:

  • Initial SL type - the StopLoss level when placing an order:
    • Fixed offset in points - fixed StopLoss offset in the price points
    • ATR(24) - StopLoss based on the value of Average True Range (24)
    • Min / max of price channel - StopLoss at the level of the price channel, if placing at the channel price is not possible - fixed offset in points
  • Initial SL, points - the number of price points for the StopLoss offset if the Fixed offset in points option is used
  • TP / SL ratio, % - the TakeProfit level as a percentage of StopLoss
  • Breakeven / SL ratio, % - price level as a percentage of StopLoss, at which StopLoss is moved to breakeven
  • Breakeven SL, % - price level as a percentage of StopLoss, where the StopLoss is moved once the Breakeven level is reached

Slippage - used for opening deals by market:

  • Max. slippage same dir. - maximum slippage in the price points in the order execution direction
  • Max. slippage opposite dir. - maximum slippage in the price points in the opposite direction

Deleting orders:

  • Remove order on - delete the pending order if the following condition is met:
    • Do not remove orders - never delete orders
    • SL break - delete the order if the price exceeded the StopLoss
    • SL and TP break - delete the order if the price exceeded the StopLoss or TakeProfit

Notifications:

  • Notification - type of notifications:
    • None - do not send notifications
    • Alert - alert in the MetaTrader 4 terminal
    • Print - output text in the terminal window
    • Push notification - push notification to mobile device

Colors:

  • Text color - color of the main text
  • Order label color - color of the pending order labels
  • Open line color - color of the Open price level of the pending order
  • SL line color - color of the StopLoss level of the pending order
  • TP line color - color of the TakeProfit level of the pending order

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" 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 MT5 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
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