ScalTradeAssist Pro

5

ScalTradeAssistPro: Empowering Manual Forex Traders with Enhanced Support

The tool presents itself as a solution tailored to address specific scenarios, such as instances where brokers impose limitations on setting Stop Loss (SL) values in close proximity to the initial position value. Notably catering to the needs of scalping traders, ScalTradeAssistPro steps in with a unique capability—the ability to establish "virtual SL/TP" points.

This innovative feature calculates both the Stop Loss and Take Profit internally. As positions approach these virtual reference points, ScalTradeAssistPro intervenes by executing closing actions akin to conventional trading orders. It's this transformative functionality that justifies their virtual nature.

*If you see that the orders are not being placed, please check your spread setting, this tool watches it and never place orders if the spread is not matching.

Elevated Features in the Professional Version:

The professional iteration of ScalTradeAssistPro offers traders an extended array of tools, including the coveted "Trailing Stop" and "Break Even" mechanisms. Notably, users gain the capability to dispatch pending orders precisely to designated levels, augmenting their tactical flexibility. Moreover, the tool's synergy with "AutoOrderModifyEA Pro" is highlighted as a potent combination, endorsed wholeheartedly by the developers.

The recommendation to explore ScalTradeAssistPro with "AutoOrderModifyEA Pro" is underscored as a prudent choice—one that's poised to yield fruitful results.

For a comprehensive understanding of its functionality and application, readers are encouraged to delve into the detailed usage description provided on the official website: ScalTradeAssistPro Official Site.

Salient Functionalities of ScalTradeAssistPro:

  1. Virtual SL & TP: Operates akin to standard trading orders.
  2. Automated Lot Size Calculation: Simplifies lot size determination in automated trading.
  3. Automated Reverse Entry: Introduces automation into reverse entry strategies.
  4. Spread Control Function: Empowers traders to manage spreads effectively.
  5. Slippage Window: 
  6. Message Window: Offers a versatile message interface beyond error notifications.
  7. One-Click Order Execution: Enables swift execution of normal trading orders.
  8. One-Click Close Order: Allows targeted closure selections.
  9. Unique Magic Number Function: Orders can be attributed with distinct Magic Numbers.
  10. Customizable Button Parameters: Offers control over button positions and colors.
  11. Window Visibility Control: Facilitates seamless window management.
  12. Real-Time Pip Information: Presents real-time pip insights for informed decisions.
  13. Total Lots and Average Price Visualization: Enhances visibility of trading metrics.
  14. Trailing Stop Function: Available in the Professional version.
  15. Break Even Function: Available in the Professional version.
  16. Line Trading Function: Available in the Professional version.
  17. Seconds Timeframe Coordination: A gift indicator accompanies ScalTradeAssistPro.
  18. Management of EA and OneClickTrade Positions: An essential function for discerning traders.
  19. Separate Position Closure: Available in the Professional version.

*(14) to (19) are the functions of Professional version.

Parameters

  • UseVirtualStop: enable virtual pending stop orders (True/False).
  • VirtualStopRange(pips): range parameter of virtual pending stop orders after the order execution. In case of BUY, the robot will show it below the TP with the selected pips, and vice versa for SELL.
  • UseVirtualLimit: enable virtual pending limit orders (True/False).
  • VirtualLimitRange(pips): range parameter of virtual pending limit orders after the order execution. In case of BUY, the robot will show it above the TP with the selected pips, and vice versa for SELL.
  • VirtualLineRedraw(pips): re-draw the line when there is a big gap between the parameter in pips from the price of pending orders. This is for the high volatility time after the big events, this way the robot will not execute orders.
  • BuyLimitLineModeAdjustment(pips): adjust the BuyLimit in case of LineMode. If you input the positive numbers, the limit line will be placed beyond the line. Negative numbers will place before the line.
  • BuyStopLineModeAdjustment(pips): for BuyStop in case of LineMode. The usage is same as BuyLimit.
  • SellLimitLineModeAdjustment(pips): for SellLimit in case of LineMode. The usage is same as BuyLimit.
  • SellStopLineModeAdjustment(pips): for SellLimit in case of LineMode. The usage is same as BuyLimit.
  • UseCancelReverseTrade: cancel the unnecessary pending orders in case you define to use the limit/stop pending orders for both directions.
  • UsePyramiding:automated virtual limit/stop orders (True/False).
  • OpenMagicNumber: magic number for opening positions.
  • MaxSpread: max spread to be allowed.
  • UseAutoLots: automated lot size calculation (True/False).
  • Lots: lot size if you select "False" for AutoLots.
  • MaxLots: max lot size for the trading. The system will not send orders beyond this max lots size.
  • Leverage: your leverage data when you have to select "True" for UseAutoLots.
  • LotsDigits: define this parameter when you use AutoLots (no need to touch normally).
  • UseVirtualStopLoss: virtual SL (True/False).
  • StopLoss(pips): virtual SL.
  • HardStopLoss(pips): countermeasure for brokers that prohibit to open positions without SL
  • TakeProfit(pips): virtual TP.
  • HardTakeProfit(pips): countermeasure for brokers that prohibit to open positions without TP 
  • Slippage: max slippage to be allowed.
  • UseMultipleClose: This shall close one by one from the newest position.
  • UseStopAndReverse (SAR): Reverse entry function.


Recensioni 1
stephan.kohlitz
21
stephan.kohlitz 2019.03.08 13:36 
 

A very useful utility for scalping. I trade with two brokers, one of them has good spreads, but who requires a minimum distance of 50 ticks (5 pips) when placing a limit order - or you can place an instant order according to market price. ScaltradeAssist is a great solution, it perfectly places instant orders using virtual stop loss or take profit.

The developer also is very helpful, because one of my brokers requires to always input a (real) stop loss, I asked him to implement a functionality addressing this problem, and he added the function to place a (real) stop loss when placing the order (called HardStopLoss). Now I can make use of the VirtualStopLoss function which is great (ScalTradeAssist Pro offers a VirtualStopLoss which can be different to the HardStopLoss and which is hidden to the broker).

But even if using an ECN broker, this tool is useful because you can place orders much quicker and very convenient compared to the normal MT4 interface. Adjustments of stop loss and take profit can be made graphically by shifting lines.

Also the trailing function helps eliminate broker restrictions.

The close all button is a bit risky in my view (one time I closed all my active orders by pressing this button). In the settings, it is possible to deactivate this button, and I really recommend to do so, if you do many trades at the same time.

What could be improved is a user manual with examples. Most things can be tried out or are logic, but still I think some functions need to be explained more in detail how to make best use of the software.

Why do I still give 5 stars? The software itself offers great value for money and is really a powerful tool, which I can really recommend. Furthermore, the developer really is a helpful person.

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Introduction This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. The user sets the total combined profit target to be gained if everything works out. This can be specified either as a multiple of the original trade profit or as a total dollar amount. Fo
Prop Guardian Risk Manager MT4 – Drawdown, Risk & Hedge Protection for Prop Firm and Managed Accounts Prop Guardian Risk Manager is a professional risk-control utility for MetaTrader 4, designed for prop firm traders, money managers and anyone who wants strict account-level risk protection. It does not generate trading signals, strategy entries or trading decisions. Instead, it runs in the background, monitors your account risk and can automatically block new exposure, close managed trades or ac
Grid Manual MT4
Alfiya Fazylova
4.71 (17)
Grid Manual è un pannello di trading per lavorare con una griglia di ordini. L'utilità è universale, ha impostazioni flessibili e un'interfaccia intuitiva. Funziona con una griglia di ordini non solo nella direzione delle perdite, ma anche nella direzione dell'aumento dei profitti. Il trader non ha bisogno di creare e mantenere una griglia di ordini, lo farà l'utilità. È sufficiente aprire un ordine e il manuale di Grid creerà automaticamente una griglia di ordini per esso e lo accompagnerà fino
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Liubov' Shkandrii
Veloce. Preciso. Innovativo. Tecnologico. Scopri la copia istantanea delle operazioni con il rivoluzionario X2 Copy MT4. Con solo 10 secondi di semplice installazione, otterrai un potente strumento per sincronizzare le operazioni tra i terminali MetaTrader su un singolo computer o Windows VPS con una velocità senza precedenti. Che tu gestisca più account, segua segnali o espanda la tua strategia, X2 Copy MT4 si adatta al tuo flusso di lavoro con una precisione e un controllo senza pari. Lavora p
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Siarhei Vashchylka
5 (9)
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Il MT4 to Telegram Signal Provider è uno strumento facile da usare e completamente personalizzabile che consente l'invio di segnali a Telegram, trasformando il tuo account in un fornitore di segnali. Il formato dei messaggi è completamente personalizzabile! Tuttavia, per un uso semplice, puoi anche optare per un modello predefinito e abilitare o disabilitare parti specifiche del messaggio. [ Dimostrativo ]  [ Manuale ] [ Versione MT5 ] [ Versione Discord ] [ Canale Telegram ]  New: [ Telegram To
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Chukwuemeka Kingsley Anyanwu
5 (1)
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Do Thi Phuong Anh
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Fatemeh Ameri
4.96 (54)
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Levi Dane Benjamin
4.09 (11)
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LMBFWatchlist is an interactive tool for Metatrader 4 that lets you create and manage watch lists directly on your Metatrader charts. ‌Functionality includes: ‌Add an unlimited number of watch lists with names of your choice Add different groups of watchlists for different time frames Add comments for symbols that always appear on the chart when that symbol is selected. Easily identify which symbols have comments against them. See watch lists instantly synchronise across all open charts that hav
Ultimate Partial Profit EA
BLAKE STEVEN RODGER
4.67 (3)
This EA Utility delivers a robust solution for managing an unlimited array of open orders, both manual and automated. It enables customizable partial profit levels utilizing metrics such as pips, ratios, ATR (Average True Range), and profit amounts for precise trade management. The utility features an advanced on-screen display, offering clear visualization of all orders and their profit levels to enhance strategic decision-making and control. To evaluate its performance and interface, the EA s
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OneClickClose Free
Hajime Tsuro
5 (5)
This is a forex supporting tool for all manual traders. You can close positions immediately at once on the MT4 Terminal by a single click. CLOSE SELL: You can close SHORT positions of the target currency pair (same as the chart you’re using this EA). CLOSE BUY: Same as above but LONG positions will be closed. CLOSE ALL: All opened positions will be closed (no matter of currency pairs). You can select the closing method from CLOSE ALL or CLOSE ONE BY ONE. You can choose the positions to be closed
FREE
AutoOrderModify Free
Hajime Tsuro
5 (2)
AutoOrderModify Free is a supporting tool for all Manual and System Forex Traders. It works perfectly for situations like: “I have a nice EA but lacks the Trailing and/or Break Even.” “I’m lazy to calculate SL and TP every time I open a position.” “I want to control all of my manual trades with Trailing/Break even” Anyone interested in this tool but want more function, please try the “ AutoOrderModifyEA Pro ”. The freeware version can’t manage positions by Magic Number but manage ALL positions.
FREE
This is a free trial version of ScalTradeAssist Pro ( https://www.mql5.com/en/market/product/25920 ) You can use all functions of the tool without any restriction except the lot size. (fixed as 0.01) I hope you'd like it and decide to purchase the professional version :) Below is the explanation of the ScalTradeAssist Pro. *If you see that the orders are not being placed, please check your spread setting, this tool watches it and never place orders if the spread is not matching. ScalTradeAssis
FREE
This is a light version of OneClickWonder. It has a limitation of lotsize ( 0.01 ) and also the trade direction (only SELL ) and magic number is fiexd (magic number = 11 ) ------------------------------------ OneClickWonder manages open trades by   Magic Number   and   Symbol , providing: ·            Individual or Basket Trailing Stop ·            Optional Averaging system   (adds new trades automatically) ·            OneClickOrder buttons   (BUY / SELL directly from chart) ·            Works
FREE
***** Unlocking the Expertise: EA Source Code for Dedicated Learners ***** Commencing from November 2021 , the "EA + source code" version is at your disposal, ***** allowing those who purchase (not rent) this EA to explore its inner workings. *****T o acquire the source code, kindly direct your request, along with purchase information by sending messages to me. ***** Upon confirming your purchase, the source code will be extended to you. ***** < Disclaimer > ***** We provide the source code exc
Introducing Early Morning Scalper ATR: Precision Trading During Asian Forex Market A breakthrough in forex trading automation, the Early Morning Scalper ATR Expert Adviser offers a fully autonomous solution meticulously engineered for a specific window of opportunity—the early hours of the Asian Forex market. At its core, this innovative tool employs an advanced algorithm that orchestrates forex trading seamlessly. Augmenting its prowess are sophisticated internal indicators, which deftly ident
Manual Forex Trading with Enhanced Functionality "OneClickMagicTrader," a powerful tool designed to cater to the needs of forex traders by simplifying various trading actions. Drawing parallels with the familiar "One Click Trading" feature of the MT4 terminal, OneClickMagicTrader allows traders to swiftly execute BUY or SELL orders with a single click. This tool, a brainchild of an avid trader who identified room for improvement, has now been shared with the entire forex community. Taking a st
WildCycleEA
Hajime Tsuro
Unveiling WILD CYCLE EA: A Strategy for Dynamic Market Trends Adaptive Trading in Motion Embarking on the trading landscape from June 2021, the WILD CYCLE EA presents an evolutionary approach to market-trend following. Pioneering a relentless pursuit of profit, this EA deftly adapts to shifting market dynamics. Navigating the Core Strategy At its heart lies a fundamental approach—initiating positions in the direction of positive SWAP, such as the EURUSD SHORT. These positions are meticulously c
AutoOrderModifyEAPro: A Vital Aid for Forex Traders, Both Manual and System-based Catering to the diverse needs of forex traders, whether engaged in manual or system-based trading, AutoOrderModifyEAPro emerges as a pivotal tool in this intricate landscape. The tool's efficacy is most evident in scenarios such as: Enhancing EA Strategies: Addressing the common dilemma of lacking Trailing and/or Break Even mechanisms in otherwise promising EAs. Streamlining Position Management: Overcoming the hass
Meet GridRepeaTrain — Your Pending Orders Wingman! This EA’s here to back up your trading game with smart, repeatable pending orders. It’s got two modes : --------------------------------------------------------------------- [1] Single Mode and [2] Double Mode . Think of it like this: ·          Single Mode = only LONG or only SHORT pending orders (pick one and repeat it). ·          Double Mode = LIMIT or STOP pending orders (working both sides of the range). [1] Single Mode – The One-Sided
Stealth Gap Scalper Pro is a precision-engineered Expert Advisor designed to capitalize on market inefficiencies with a stealthy, tactical approach. Combining powerful gap trading strategies with smart grid averaging and night scalping techniques, this EA excels at capturing quick, reliable profits during low-volatility periods—especially Monday gaps and overnight moves. With configurable trade directions, automatic lot scaling, and an intelligent trailing stop system, Stealth Gap Scalper Pro ad
OneClickWonder manages open trades by Magic Number and Symbol , providing: ·          Individual or Basket Trailing Stop ·          Optional Averaging system (adds new trades automatically) ·          OneClickOrder buttons (BUY / SELL directly from chart) ·          Works with manual trades (Magic 0) or EA trades by number. EA Features 1.      Basket Trailing       o     Groups trades with the same Magic Number and direction.       o     Stop Losses are adjusted based on weighted average price o
***This is a MT5 version of ZigZag Breaout*** --------------------------------------------------------------------------------------------------------------------------------- ***** Unlocking the Expertise: EA Source Code for Dedicated Learners ***** Commencing from November 2021 , the "EA + source code" version is at your disposal, ***** allowing those who purchase (not rent) this EA to explore its inner workings. *****T o acquire the source code, kindly direct your request, along with purchase
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stephan.kohlitz
21
stephan.kohlitz 2019.03.08 13:36 
 

A very useful utility for scalping. I trade with two brokers, one of them has good spreads, but who requires a minimum distance of 50 ticks (5 pips) when placing a limit order - or you can place an instant order according to market price. ScaltradeAssist is a great solution, it perfectly places instant orders using virtual stop loss or take profit.

The developer also is very helpful, because one of my brokers requires to always input a (real) stop loss, I asked him to implement a functionality addressing this problem, and he added the function to place a (real) stop loss when placing the order (called HardStopLoss). Now I can make use of the VirtualStopLoss function which is great (ScalTradeAssist Pro offers a VirtualStopLoss which can be different to the HardStopLoss and which is hidden to the broker).

But even if using an ECN broker, this tool is useful because you can place orders much quicker and very convenient compared to the normal MT4 interface. Adjustments of stop loss and take profit can be made graphically by shifting lines.

Also the trailing function helps eliminate broker restrictions.

The close all button is a bit risky in my view (one time I closed all my active orders by pressing this button). In the settings, it is possible to deactivate this button, and I really recommend to do so, if you do many trades at the same time.

What could be improved is a user manual with examples. Most things can be tried out or are logic, but still I think some functions need to be explained more in detail how to make best use of the software.

Why do I still give 5 stars? The software itself offers great value for money and is really a powerful tool, which I can really recommend. Furthermore, the developer really is a helpful person.

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