Smart Trade Panel by AlgoForex
- Utilitaires
- Version: 1.1
Title: AlgoForex Smart Trade Panel - Visual Risk Management & Trading Category: Experts / Trading Utilities Price: Free
Overview
Take full control of your trading with the AlgoForex Smart Trade Panel — a lightweight, professional, and visually interactive trading assistant designed for both beginners and advanced traders.
Tired of manually calculating lot sizes or struggling to place precise Stop Loss and Take Profit levels? This utility empowers you to trade directly from the chart using interactive drag-and-drop lines, instantly calculating your exact risk, potential profit, and Risk-to-Reward Ratio (RRR) before you even open the trade!
Key Features
1. Visual Trading with Interactive Lines Toggle the "Lines" feature to display Entry, Stop Loss, and Take Profit lines directly on your chart. Drag them to your desired price levels, and the panel will automatically calculate the exact point distances and update your lot size based on your predefined risk.
2. Advanced Risk Management Never blow your account due to miscalculations again. Switch between Fixed Lot and Risk % modes. Simply enter the percentage of your balance you are willing to risk (e.g., 1%), set your Stop Loss, and the panel will instantly calculate the precise lot size required.
3. Comprehensive Order Management Navigate to the "Close" tab for one-click bulk operations:
- Close All Positions
- Close All Profitable / All Losing Trades
- Close specific directions (All BUYs or All SELLs)
- Delete Pending Orders instantly
4. Real-Time Account & Market Data No need to constantly check your terminal toolbox. The panel displays vital metrics in real-time:
- Current Spread, Open Positions, and Symbol P/L
- Dynamic Account Equity and Balance
- Complete Account details (Leverage, Account Type, Server Time)
5. Auto Price & ATR Integration Enable Auto Price to track current Bid/Ask prices for instant market execution. The panel also uses a built-in ATR indicator to suggest logical default Stop Loss and Take Profit distances tailored to current market volatility.
How to Use
The panel is divided into three intuitive tabs:
- Trade Tab: Choose your mode (Buy/Sell), set your risk/lot size, toggle interactive lines, review your potential Risk-Reward Ratio (RRR), and execute your trade.
- Close Tab: Access all your emergency and routine position closure buttons in one place.
- Info Tab: View detailed account parameters, including your current Leverage and Account Name.
Visual Order Placement:
- Click Lines: OFF to toggle it to Lines: ON.
- Three interactive lines (Blue for Entry, Red for SL, Green for TP) will appear on the chart.
- Drag the lines to your technical levels. The panel will recalculate Potential Profit, Potential Loss, and Lot Size in real-time.
- Click OPEN ORDER to execute.
Input Parameters
- Magic Number: Unique identifier for trades managed by this panel (Default: 12345).
- Slippage (points): Maximum allowed slippage for market execution.
- Default Risk %: Your preferred default risk percentage per trade.
- ATR Period (SL): The period used to calculate dynamic default Stop Loss and Take Profit levels based on market volatility.
