Five Features Trade Assistant
- Utilità
- Gyawali Neeraj
- Versione: 1.0
- Attivazioni: 5
The Five Features Trade Assistant is a manual trading utility for MetaTrader 5. This tool integrates five specific trade management functions into a single on-screen panel to assist with daily execution tasks.
Functional Modules:
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1. Breakout and Position Adjustment: This module allows for the placement of pending Buy Stop and Sell Stop orders based on the previous candle's price range. It includes a "Book" button that adjusts the Stop Loss of an existing position to the high or low of the previous candle, using a user-defined pip offset.
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2. Breakeven Management: Includes dedicated buttons for Buy and Sell orders to move the Stop Loss to the entry price once a trade is in profit. This function accounts for basic trading costs to reach a zero-risk state.
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3. Price-Based Exit Modification: A panel where users can input a specific price level to update the Take Profit or Stop Loss for all active positions on the current chart symbol simultaneously.
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4. Account Monitoring: Displays current floating profit and loss data directly on the chart interface for clear visibility during active trading sessions.
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5. Price Alerts: Allows users to set a specific pip distance for notifications. The utility triggers an audio alert when the market price reaches the specified boundary.
Technical Features:
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Visual Customization: Users can modify button colors, panel coordinates (X and Y), and text size through the input parameters.
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Lightweight Execution: The code is optimized for standard operation within the MetaTrader 5 environment without affecting platform responsiveness.
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Manual Control: All trading actions are initiated by the user via the panel buttons; the utility does not execute trades automatically.
Setup Instructions:
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Turn on Algo trading and Attach the utility to an active MetaTrader 5 chart.
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Define your preferred pip offsets and visual settings in the Inputs tab.
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Use the on-screen buttons to manage active trades or set pending orders.
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Test all functions in a demo environment or via the Strategy Tester before use on a live account.
