Market / MetaTrader 5 / Utilities /

FasterShark

FREE

Published: 7 August 2018

Current version: 1.6

FasterShark

Utilities
Terence Gronowski
Terence Gronowski
Switzerland

27611
4.7 (35)
10 products 4 topics 9 comments
Version: 1.6
Updated: 14 January 2024

Idea

I programmed this tool out of the necessity to be constantly informed about what is going on. Before I sometimes forgot to set a stopp loss, this is impossible with this tool. Further this tool allows you to make distributed entries, eg. with a first feeler with 0.1 contracts and when the direction is the right one you just put more contacts into the game. Money- and risk management is built in. If you use more then the predetermined number of contracts there is a warning. You are constantly informed about your win/loss situation. The tool warns you, if your wins grow too big or you enter trades with too many contracts. It informs you about the state of the ADX-Indicator, so that you are warned about illiquid states of the market.

Features

No single trade is without stop loss and take profit.
Stop and limit orders are easily started.
You can chose the number of contracts with one click.
You see the profit/loss of every asset separately.
You can cancel all open orders.
You can cancel all stop and limit orders.
You get a warning if you trade with too many contracts.
You get a warning if your wins are too big (euphoria is very dangerous, you don't see dangers any more)
You are informed about ADX and Di+ and Di-.
You are informed about the spread.

Installation

You have to unchecked "Chart in foreground" in the properties menu. Otherwise it might prevent you to click the buttons if there is some chart element over it.

The default Values are set for Indices (Dax, Dow etc.). Be aware that you have to change the settings for currencies as follows:

distance stop buy from 2 to about 0.00005 (5 Pipettes)

stop loss from 1500 to about 30 (Points)

please test the settings first in a demo account. Save your settings in a.set file.

Learning to use

Just practice the tool in a demo account. Be aware that there are "one click orders", which might be very dangerous.

Before you Buy/Sell you have to select the volume by clicking on the blue buttons. You cannot buy/sell, if the volume is set

to 0. By default the volume is reset after 50 ticks to zero for security reasons.

If you click "Buy" without selecting a volume you get the following message: Buy() method failed. Return code=10014. Code description: invalid volume

Inputs

Funds at morning (enter your funds when you start trading)
Max allowed contracts (if you have more than the allowed number app will say "too many contracts"
Max daily win (you can enter your maximal win, so that you know when to stop trading, think of euphoria!)
distance stop buy (distance from ask for stopp buy or limit buy)
distance stop sell (distanc from bid for stopp sell or limit sell)
Stop Loss *100 (Stop Loss in points, eg. Dow = 15 points = 1500)
Take Profit * 100 (Take profit in points, eg. Dow = 60 points = 6000)
Contracts Button 1 - 3 (assign number of contracts to button 1 to 3)
Initialize number contracts (Default 0, number of contracts are reset to this value, can be 0.1 or 1, too)
Start trading broker time (for security, not that you trade e.g. at night when the spread is 7 points)
Stop trading broker time (afterwards no trading possible, for security reasons)
Positioning of Buttons x coord (you can position the buttons)
Positioning of buttons y coord
Some colors to choose
Number of ticks to reset contract number to zero
Max slippage (Maximum slippage allowed)
Seconds to reset timer for contracts (reset number of contracts)
talk (activate talked warnings)
Font size vor UHD screens

Issues

Lines in the graph may obstruct the buttons (chose "Chart in Foreground")

Applicaton may start only 1 to 2 minutes after installation

I use this tool for about one year, there are no serious issues. Be sure to test the application in a demo account first.

For security reasons the contract number is reset after 50 ticks (default), sound says "contracts reset to zero". You have to select the contract number again after that.

Be sure to have the chart drawn in the background. The chart in the foreground could prevent you from clicking the buttons. Also be sure to have "Auto Trading" to on.

The tool does not prevent you from losing money! Just be careful, the quick clicks might lead you to overtrading.

Disclaimer

This tool does not guarantee any success. It is your own responsibility to use it correctly.

Contact me over the messages of mql5.

3.9.2022, Terence V. Gronowski "SwissTrader".

more...

154

pretty-lady 2020.11.07 14:41 #

Excellent!!! Thank you very much.

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Opening Range Indicator Idea Toby Crabel introduced this way of trading in the ealy ninties in his book "Day Trading with Short Term Price Patterns and Opening Range Breakout". In simple terms this means to trade the brekouts from the limits of the first trading hour with the stop loss at the opposite side. I.e. if the first hourly candle meausres 40 points (Crabel calls this the "stretch") you set the stop loss at breakout level minus 40 points and the take profit at the breakout level plus 4

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Swiss CandleTime What ist CandleTime for This indicaor just displays the remaining time for a candle to build. It is best used if you trade with timframes from 3 minutes. I use it in M3 to keep postions. If I have two following red candles i usually liquidate the position. Timeframes M1 to H1 Inputs Arrow displayed => Edit your arrow string Arrow for waiting conditions => Arrow if chart is offline Text Color => color of the text Tell if there is a trend change => tells you, if the two preciding

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Shows min and max of last M5 Candle. Can be used to trade breakouts of last M5 candle. The M5 Candle Breakout Strategy avoids to stay too long in a sindways phase. See documentation on @swisstrader3713, where you can follow my live trading. The only parameters are the color of the lines defining the M5 stretch. Best use the indicator in M1 timeframe. The M5 Breakout Strategy has helped me to reduce overtrading.

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Swiss InsideOutsideBar Imortance of Inside- and Outside Bars Inside bars are completely engulfed by its previous bar. The pattern is also known as "harami" (pregnant). Outsidebars engulf the previous bar. Inside bars might mark situations before an outbreak. They are a condensed form of a symmetrical triangle. Symmetrical triangles represent a battle between bulls and bears. There can be an outbreak to either side, mostly the outbreak is in direction of the main trend. The combination of inside

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Swiss Holy Grail Indicator Motivation and functioning The HolyGrail indicator serves to optimize an entry. At that very moment I caught myself, that I went short in an uptrend, so I got into a trade in an anti-cyclical way. Or I have entered into a much too mature trend. This indicator should prevent such errors: One should always be aware of whether it is pro- or anticyclic entry, and one must always know about the maturity of the trend. Don't enter an old trend. Linda Raschke advises to buy th

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Normal Parabolic SAR with label of long or short state. Tells also "Parabolic long" and "short". Can be used in multitimeframe layouts together with Swiss HolyGrail indicator or in different timeframes. So, if all the indicators show "long" or "short" you can be sure that the risk of a wrong direction is small. The standard values for Parabolic SAR are 0.02 for step and 0.2 for maximum. You may experiment with changing the maximum to get smother curves. Note that changes in parabolic SAR are la

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pretty-lady 2020.11.07 14:41 #

Excellent!!! Thank you very much.

[Deleted] 2019.01.14 07:19 #

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Terence Gronowski

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