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Virtual Orders Charting

What does it do?

It assists you in your trading and has some important jobs to perform:

  1. It sets virtual pending orders, stop loss and take profit.
  2. It can set real stop loss and take profit if desired.
  3. It makes trading independent of bid-ask line concept, thus useful for very short term traders and price action traders.
  4. Orders can be opened, managed and closed with 1 click providing fastest management.
  5. It can automatically set your position sizing based on your risk inputs.
  6. Graphical panel enables inserting new inputs in few seconds.


What it does not do?

These are also future features that are to be added

  1. It does not set real pending orders, thus order is executed through your computer (EA).
  2. It cannot be used for backtest in strategy tester.
  3. It does not automatically move the lines/levels.


Instructions

These are the main inputs of the EA:

  • RiskType: Can be either in fixed lots or you can have a fixed money risk. Can also be a in terms of percentage of account balance for risk controllers.

    • FixedLots
    • FixedMoney
    • Percentage

  • Risk: If risk type is set to fixed lots then enter lot number, if it is fixed money then type the risk in money while percentage risk needs to be written the percentage number.

  • StopLoss: Initial stop loss when virtual order is placed on chart.

  • TakeProfit: Initial take profit when virtual order is placed on chart.

  • Set real SL/TP after trade open: If true then after trade is opened, EA will automatically set real stop loss and take profit. This is a useful feature if you need to record your analytics through 3rd party software or if need to close the platform.

  • Include fees: If set true then spread and commission is calculated and position size is reduced such that when trade is closed you will lose the absolute value you risked.

  • Broker commission Round Turn: Each broker has different Round Turn commission, ask broker for these details. Set Zero if there is no commission.

You can also change line colors, width and style but initial ones are set to match real orders characteristics. There is a small button at middle top of the chart, you need to press it so that graphical panel can open, press it again and it will close.

If you press on buy and click on chart, EA will place your order at that location. Same goes for sell order. EA uses market orders to open orders i.e when price will cross the order level by 1 point then the order shall be executed, same goes for stop loss and take profit.

Also, EA does not care about bid-ask line. When EA closes the order on stop loss or take profit, it will only care about what the actual price of market is, bid price is ignored and only ask line is considered.

Fee structure can be calculated if set true, spread and commissions will however reduce the position size so that you only lose the absolute value you risked. If your account has commissions then ask your broker for round turn commission for 1 Lot and enter that value in the input.

EA can also set real take profit and stop loss after order is opened so that if you shut down the platform or need to record your statistics through a 3rd party software, it can be done. Option can be disabled if not need. Take profit also shows what is your risk:reward ratio so that you can keep track of risk management.

An important passive function is that you can double click the line and fix your levels. If you fix your stop loss at a certain price level and your risk is set to a certain amount or percentage, then no matter where you place your entry order, your risk will remain the same as EA will automatically size your position.

Please note: When order is opened, do not take stop loss line above/below price level. If you place a sell order and it is opened by EA, then do not take stop loss below price, otherwise EA will close that order regardless of whether it hit the level or not. Same goes for take profit, do not take it above (in case of sell order) or below (in case of buy order), otherwise EA will close that order.

Feedback and suggestions are welcomed, EA will keep updating in the future so stay tuned!

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The Candle Length Indicator Alarm generates a sound alert, sends a push notification and an email when the size of the current candlestick changes. The size of the current candlestick can be measured in two ways: The first method: the size of the candlestick is measured from the beginning of the candlestick (from the OPEN price). The second method: the size of the candlestick is measured from current price. The indicator has the following settings: sound — a sound file from the folder: "...\Meta
15 USD
VirtualTradePad One Click Trading Panel
Vladislav Andruschenko
Trading Panel for trading in 1 click.  Working with positions and orders!  Trading from the chart or from the keyboard. Opening and Closing, Reverse and Lock, Partial Closing / Autolot. Virtual/real stop loss/take profit / trailing stop / breakeven, Grid of orders ... The trading control panel of main orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, trailing stop, stoploss, takeproft. 5 Tabs : Work with positions, Work with pending orders, Work
60 USD
Fast Copy MT5
Pavel Kolchin
The program allows you to locally copy transactions between different MetaTrader 4 and MetaTrader 5 accounts in any direction and quantity as quickly and easily as possible, the program works on " Windows   PC " and " Windows VPS ". Any type of copying is available MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4 * For copying between different MT4 ↔️ MT5 terminals, you need to purchase two versions of   Fast Copy MT4   +   Fast Copy MT5 How the program works The program copies transactions between tw
55 USD
Signal Multiplier MT5
Pavel Kolchin
The program allows you to automatically increase the volume of the lot received from any source by a specified value in the same terminal, on the same account, a program for working on " MQL VPS ", " Windows PC " and " Windows VPS ". The source can be any advisor program, manual trading, a trading signal MetaTrader 4  — Signal Multiplier MT4 —  https://www.mql5.com/en/market/product/23721 MetaTrader 5  — Signal Multiplier MT5 —  https://www.mql5.com/en/market/product/23719 How the program work
35 USD
Mission Automate MT5
Andrey Barinov
This is a visual strategy builder . The way it is supposed to be. Turn your trading strategies and ideas into Expert Advisors without writing a single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution , strategy tester and cloud optimization . This utility does NOT work in the strategy tester. The DEMO version is here: https://www.mql5.com/en/market/product/30173 More information about the product, inc
199 USD
Trade Assistant MT5
Evgeniy Kravchenko
Trade Assistant is a trading panel designed for manual trading. The panel allows you to calculate risk, manage positions using the functions Trailing Stop, Trailing limit orders, closing a position in parts. And other useful features. Key features of the panel Works with any trading instrument. Calculates the risk per trade depending on the size of the Stop loss. The panel supports market and pending Buy, Sell, Sell Stop, Buy Stop, Sell Limit, Buy Limit orders. The Lines function displays th
60 USD
Binance MT5
Hadil Mutaqin SE
Binance MT5 is a tool for Charting & Trading Bitcoin and Altcoin on Binance Spot Market from MT5 platform. Parameters Symbol = symbol name HistoryData = start time to download history data API Key = your binance api key Secret Key = your binance secret key Custom Symbol = to set manual symbol name * You should allow WebRequest from Tools menu >> Options >> Expert Advisors and add URL: https://api.binance.com/ * This tool cannot be run in the  Strategy Tester. * For automatic trading (EA) you
250 USD
TrailingStop
Andrej Nikitin
This utility is used to visually choose an indicator for trailing stop and select its parameters. The Expert Advisor modifies the Stop Loss order position opened for the instrument of the current chart based on indicator values. Uses indicators Parabolic SAR , NRTR (Nick Rypock Trailing Reverse) , Moving Average or linear regression channel. The indicators are added to or removed from the chart using the 'show' checkbox. The following options are available: Parabolic - trailing stop based on t
30 USD
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Virtual Orders Charting Demo
Suleman Khan
Note: Demo version only works on NZDJPY and USDRUB What does it do? It assists you in your trading and has some important jobs to perform: It sets virtual pending orders, stop loss and take profit. It can set real stop loss and take profit if desired. It makes trading independent of bid-ask line concept, thus useful for very short term traders and price action traders. Orders can be opened, managed and closed with 1 click providing fastest management. It can automatically set your position siz
FREE
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