- new input variable "ATR SL multiplier"
- new button "ATR SL" that will add to stop loss the value of ATR(14) when positions are opened. With this function order box risk adopts to market volatility and therefore order box is resized when positions are opened. ATR SL function will reduce lot size, target RR, Gain %, total profit but can improve win rate.
- new input variable "ATR SL averaging period"
- Pullback entry UPGRADE: Order box and Pullback rectangle can be moved around and rectangle sides fine-tuned after Pullback entry order is enabled
- NEW input "Pullback entry risk method" with two options:
1. Risk reduction (Risk % can be reduced) - DEFAULT
2. Fixed risk % (Lot size can be increased)
- input "Target RiskReward dynamic reset" now works with Pullback entry. If set to "TRUE" then it will refresh the target's RR before orders are executed
- NEW input "WARNING: pullback entry, connection, too many objects, incompatible indi"
- Surrender pip can be negative value within tolerance of Order box entry and Surrender line price difference multiplied by 0.8
VIDEO 1: https://www.youtube.com/watch?v=AAPFgMankuY
VIDEO 2: https://www.youtube.com/watch?v=fFQc6do5QB8
- BUY ON line have now 3 OTO orders available: BUY ON, Reversal BO, Pullback entry
- bug fix for lot size calculation at broker TrueProprietaryFunds
- Order box size Edit input in pip for Snap Bid/Fixed Box function
- Snap Bid function stays enabled after opening position
- bug fix for MAX lot size calculation
- NEW input "Button text color"
- bug fix for "Pullback entry MOVING" when the market spikes with 1 tick that the spike goes out the other side of the Order box and delete it. After this upgrade the Order box cancelation does not happen when the MOVING option is selected so that the MOVING Order box has a chance to catch up with the price when these faster spikes happen
- NEW input variable "Use commission in calculations"
- NEW option "MOVING box" for "Pullback entry" order type. It moves entry price and stop loss until orders are opened
- new "Fixed size" button option when using order box "Snap Bid" mode for live trading and scalping
- H&S or QM Execute is disabled if other automatic PA function opens positions
- notification improvement for H&S Quasimodo Execute
- CPU usage reduced and chart freeze bug fixed
- performance upgrade that will lower CPU usage in MetaTrader terminal
- display fix for Liquidity, Second TOP/BOTTOM and Delete buttons
- NEW input variable "Show target price"
- button panel move handle removed for "Fixed X,Y position for Order box buttons"
- visual corrections for Order box buttons display
- NEW input variables:
Fixed X,Y position for Order box buttons
X position for SELL Order box buttons
Y position for SELL Order box buttons
X position for BUY Order box buttons
Y position for BUY Order box buttons
- NEW input "Surrender default pip" and some visual improvements for Surrender function
- Upgrade: hand moved button panel position is saved on the chart after we delete Order box. Panel position is restored when we create new Order box
- BUG fix: surrender line will disable pullback entry and breakout function
- new handle to customize X Y position of order box buttons around the chart
- new input variable "Chart and Order box refresh speed"
- new version
- new variable "Target RiskReward dynamic reset" when Order box is moved, resized or Snap bid is enabled then targets will be reset to initial Risk Reward value
- new input variable "Enable Move SL after order execution"
- minor bug fix to show/hide partial TP and SL->BE lines
Stop loss to breakeven (SL->BE)
"SL->BE" button will instantly move stop loss to breakeven for all positions in profit.
"-> Line" button can be used to set horizontal breakeven line that will move SL to BE.
NEW function to set partial take profit level with horizontal line
New input variables:
- H&S zone: Entry level at head M5,M15 candle open price
- H&S zone: MIN pip entry level increase
- H&S zone: MIN pip stop loss level increase
- H&S disable Order box after X candles
Improved search algorithm to find H-L-HH-LL and L-H-LL-HH Quasimodo patterns
- Order box ID added to mobile push notifications message text (for Price action functions)
- bug fix for "Flexi Bars Chart" and "FX Blue Custom Timeframe generator"
- improved Pullback entry order for trading during news release and fast price spikes
Video example of use Pullback entry on GBPUSD: https://www.youtube.com/watch?v=Lgfusm9JQe8
- default value for input variable "Pullback entry threshold" changed from 25% to 15%. I personally use 10%
Trade example 1 - USDCHF: https://www.youtube.com/watch?v=CHe8HiHjFSo
Trade example 2 - EURUSD: https://www.youtube.com/watch?v=kbqEJdkCOqQ
- bug fix for displaying buybox Pullback entry TEXT
- visual upgrade for Pullback entry
- bug fix for AUDCAD and GBPUSD order execution Error 138 and 130
- NEW button "Cancel PA func." that will delete price action functions if price touch this line.
Cancel PA func. line will delete:
- Liquidity trade automation
- Pullback entry
- Buy 2nd bottom or Sell 2nd top
- Reversal BO
- Rebuy or Resell
- H&S trade execution
- showing enabled Order box functions in Dashboard tool (column Actions)
- "Custom balance" option added to Lot size calculation methods
- NEW Liquidity button with additional sub buttons
We have 3 different trading automation Liquidity strategies that will create new order type when Liquidity is detected. This is some kind of OTO order routing (One Triggers Other Order):
1. Buy ON / Sell ON button will activate order box when Liquidity is detected
2. Pullback entry button will create Pullback entry order when Liquidity is detected
3. Reversal BO (reversal breakout) button will create Reversal BO order when Liquidity is detected
- safety warning for line chart added
- NEW input variable "Stoploss to Reversal Point RiskReward"
- NEW button "SL to RP" will move Stoploss to Reversal Point (Turning point) after "SL to RP" line is touched
"SL to RP" Function Video: https://www.youtube.com/watch?v=q-6QWYBG2j4
- bug fix for volatility symbols
- bug fix for trading Volatility index and micro lot size brokers
- bug fix for micro lot size
- NEW color input variables for "SELL Pullback entry rectangle" and "BUY Pullback entry rectangle"
- NEW button "Pullback entry" will create advanced order type that allows you to enter the market at the perfect time, opening a position only when the market turns in your direction. The Pullback orders an entry point that is no longer fixed but dynamic, depending on the volatility of the market. This order type is also known as dynamic trailing entry order
- NEW input variable "Pullback entry threshold [1-90% of Order box]"
- NEW button 2 and 3 added to Reversal BO function that will allow scale into trade in with 3 levels (Breakout ON 1-3)
- NEW button "Remove" that will create a line "Remove delete". This function gives a opportunity to further automate price action trading (see video below)
VIDEO for this upgrade (LIVE trade): https://youtu.be/NjW5snrGQTw
OCO orders: https://www.mt4tradingbox.com/oco-order-trading/
How to use new function: https://www.mt4tradingbox.com/order-management/#removedelete
- NEW button "H&S Execute" for automatic quasimodo level trading. When an uncompleted H&S zone will be found, then the order box will adjust itself to this zone. There is also a threshold for entry and stoploss available to set in percentage
- NEW input variables for automatic H&S trading:
H&S execute MAX Stoploss pip filter (max. head pip size)
H&S use entry level threshold for Execute
H&S zone: entry level threshold increase [0% to 100%]
H&S use stoploss level threshold for Execute
H&S zone: stoploss level threshold increase [-80% to +100%]
H&S use special execute risk % value
H&S execute risk % value
- when you click on Margin Stopout warning, then the long warning text is changed to "Marg." text only
- margin Stopout warning is displayed only if the order box is enabled for SELL or there is a price action function enabled. This is how trader is informed that with this order execution his account will be in danger
- code optimized and redundant code function calls removed that will improve faster performance and lower CPU usage. This comes into play when trading 20+ symbols with TBOM running.
***Last BLOG post: https://www.mt4tradingbox.com/best-metatrader-indicators-mt4-mt5/
- annoying alert message for connection status and connection speed (ping/delay in milliseconds) is optimized
- Breakout protection for market price gaps that can happen if internet connection is lost (terminal connection to broker) or market open price gap. In such cases Breakout will not open positions because of possible bad prices outside of the Order box
- when the "Breakout" function opens positions, then the "Delete" line is removed
- when the "LQ Execute" function is triggered, then the "Delete" line is removed
- when "Sell 2nd top" or "Buy 2nd bottom" is triggered, then the "Delete" line is removed
- bug fix for "Time filter" ON OFF buttons
- bug fix for TG colors
NEW input variables and functions:
- Show open position Gain % and Profit $
- SELL target color
- BUY target color
- Show Candle, H&S and LQ buttons
- Show target and position value amount ($, €...)
- NEW X button to Show/Hide top center buttons (S.F, Time, Clean, Above, Below). If button X is clicked then new button <- is created in top left corner
- important bug fixed that will solve delayed function execution like Reversal BO... Now functions are refreshed every second when price is moving
- NEW button "SL to BE" that will move stoploss to breakeven
- NEW input variable "Stoploss to breakeven pip (SL->BE button)". Default value is 1pip
- when the Order box is activated then the SELL and BUY button will stay visible even when you click the "X" (Hide) button in the top right corner
- risk calculation bug fixed for Symbols with no price digits
You can also check new price action video: https://www.youtube.com/watch?v=OGNLyH8UAeE
- when price touches the Surrender line then Reversal BO, Sell 2nd top or Buy 2nd bottom functions will be removed. This will protect price action trading strategy and increase win percentage
- when ON line is activated then it will delete functions: Reversal BO, Delete/fresh and Buy 2nd bottom or Sell 2nd top
- "Sell 2nd top" and "Buy 2nd bottom" function fine tuning for Neckline (changed from 1.5RR to 1RR)
- compliance upgrade for the NEW tool "Rectangle position changer"
- Order func. button was not hidden when changing Order box timeframe visibility
- Buttons hidden with "X" didn’t stay hidden when changing timeframes
- Risk lot size calculation is more precise (commission is included into risk)
- Some buttons are now hidden if Order box is not created
- CPU usage reduced that will allow more charts with TBOM in MetaTrader terminal
- Resell, Rebuy and Surrender text display bug fixed
- CPU performance improvement when using TBOM on multiple charts
- improved CPU performance with TBTA on the same chart and text display location optimized
- upgrade for link with new BACK button on Dashboard tool
- link with Trading box Dashboard upgraded
- toggle the "Snap to Bid" button to bring the Order box back to its original position
- NEW input variables:
Buttons position (S.F. Time Clean Above Below)
X position (S.F. Time Clean Above Below)
Y position (S.F. Time Clean Above Below)
WARNING: Please upgrade Dashboard!
NEW input - Fill Order box with color
NEW input - Order box line style
NEW input - Order box line width
- visual improvement that will shift buttons for functions and orders within visible chart
- freeze bug on MT4 terminal exit
- "buy ON" and "sell ON" lines will not delete "breakout ON" line anymore which gives trades option to create advanced entry conditions
- Reversal BO function optimization
Upgrade for HIGH resolution monitors:
- NEW input variable "Button font size"
- NEW input variable "Button size scale"
- improved performance between Trading box tools (Order management, Technical analysis, Rectangle extender, Order box Dashboard)
- lot calculation bug fixed for non-forex symbols
- bug fix when Trading box Technical analysis and Order management are used on the same chart
Fakeout trading automation (SELL second top & BUY second bottom)
- NEW button "Sell 2nd top" that will give you price action lines to capture double top creation. Orders will be opened when second top will be created (price second time back to Order box supply zone)
- NEW button "Buy 2nd bottom" that will give you price action lines to capture double top creation. Orders will be opened when second bottom will be created (price second time back to Order box demand zone)
- NEW "Fakeout" button that will appear when "Sell 2nd top" or "Buy 2nd bottom" will be activated. This Fakeout function will open order above first top or below first bottom. If this price action will happened then Order box will be shrinked and thinner Order box means bigger lot size and larger profits.
- NEW "D" button in right upper corner for switching to chart with Trading box Dashboard
- NEW "Execute LQ" button that will activate Order box when Liquidity is detected
- Order box info text is now visible all the time even when you zoom in the level and scroll chart to the left
- renewed Spread filter value input
- renewed Rebuy and Resell value input and position lot size bug solved at order execution
- renewed Surender value input
- Order box Account Free Margin Check notification:
1. Warning if Account Free margin will be below Stopout level after Order box execution
2. Warning if StopLoss free margin level is below Stopout level
- NEW input variable "Show Order box Margin required"
- NEW input variable "Bring Alerted chart to the top"
***UPDATE 3.4 video overview: https://www.youtube.com/watch?v=WwAVD8-BQo4
- Safety check warning for too many objects on chart (performance issues) + warning for incompatible indicators
- added rectangle (top, bottom) price value on H&S detection notification alert, so that it can be monitored directly with mobile without opening the MT4 terminal chart
NEW youtube tutorials for Order management tool:
Trading pullback with price action confirmation: https://www.youtube.com/watch?v=IGNPYeQqqNU
How to trade breakouts: Trading breakout strategy: https://www.youtube.com/watch?v=qq1IQRmn0VE
Reversal trading from supply demand level: https://www.youtube.com/watch?v=SxokALeF4mk
Position size calculator: https://www.youtube.com/watch?v=_-igjs6E4fM
Automatic Lock in profit & Move stoploss to breakeven: https://www.youtube.com/watch?v=m_QoxpirEa8
Multiple timeframe analysis trading tool: https://www.youtube.com/watch?v=pPc_bYXn9dc
Liquidity detection tool: https://www.youtube.com/watch?v=4LxWNqE0GFk
Trading box Order management - Tool overview: https://www.youtube.com/watch?v=iTBMCduY6Sk
- Multiple timeframe analysis support: Order box visibility setting is copied to all related objects
- Bug for extending Order box on high resolution monitors and monthly timeframe is solved
- Order box is deleted when you change Symbol on current chart
Youtube video with explanation: https://www.youtube.com/watch?v=pPc_bYXn9dc
Bug fix after MAJOR upgrade:
- Order box buttons not display correctly when switching between TF with no preloaded history data
- resell, rebuy, surrender line text not displayed correctly when chart is in auto scroll OFF mode
- click on SBox or BBox button and Order box is automaticaly created
- new button layout (new button More and Less)
- new button "Reversal BO" (BreakOut) that enables you catch a reveresal trade in the Order box zone
- new button "Breakout" that will open order when price will leaave Order box
- button "ON & OFF" is now split into button "ON" and button "OFF"
- new button for placinjg STOP order is added
- 3 new buttons for closing profit is added (Close FULL, Close HALF, Close Custom %)
- Gain % information is added to Order box info text
- when you click on Order box INFO text then only lot size is diplayed (shorter text)
- new input variable "Lot size calculation method" with options:
- Balance risk percentage
- Equity risk percentage
- Free margin risk percentage
- Fixed lot size
- Fixed cash amount
- new input variable "Fixed cash amount risk"
- new input variable "Close order by custom volume percent (1-100)"
- new input variable "Default number of orders"
- new input variable "Delete Order box after SL hit"
- new input variable "Target text position"
- new input variable "Show Snap to bid button"
- new input variable "Show Order functions button"
- new input variable "Order box exstension length (Schroll OFF)"
- bug fix for full zoom chart label positions
- input variables description added
- Added »TG« button that will refresh target Risk Reward ratio position from RR input variables
- New input variables for Target Risk Reward ratio position at Order box creation. Targets are placed based on this input variables:
- TG1_RiskReward,TG2_RiskReward, TG3_RiskReward, TG4_RiskReward
- Bug fix for Symbols with 1 or 0 decimal places
- Faster order execution
- some additional bugs reported by users after MAJOR update
- minor bug solved for zero divide TG calculation
- CPU usage performance improved up to 200%
- all reported bugs solved
- new button "Limit order" that include buttons:
- Place limit order
- Delete limit order
- Close all opened orders
- new button "Snip to Bid" that will enable live trading and instant market execution
- new input variables:
- minor bug fix for "Move SL" function when SL set beyond Order box
- a new function button "Move SL" is added. This function enable you to set trade to breakeven or to lock some profit when trade reaches line "Move SL"
- alert bug fix
- bug fix for uncompleted Head and Shulders detection (H&S)
- minor bug fix
- some beauty corrections when moving buttons to right side
- new show/hide button "X" is added in right upper corner. When you click on this button, all other buttons become hidden.
- bug fix
- buttons for retina display
- bug fixes reported by users
- Order box calculation information display correction
- buttons are now available also for users with 4k monitor display
- new input variable box_button_alignment (Left, Right)
- some minor bug fixes
- Order lot size added to alert and notification when orders are OPENED
- Checking every 2 minutes if AutoTrading is ON
- Checking every 2 minutes connection speed to broker server (new input property max_ping_broker_server_delay_ms = 200 ms)
- Checking if connection with broker is established
- Checking AutoTrading when SELL or BUY button is clicked
- Checking if Push Notifications are enabled
- Take profit for Target 3 and Target 4 are now set
- Order box is now properly drawn when Auto Scroll if OFF and when we resize chart to smaller size
- Order box calculations are now properly displayed when Auto Scroll if OFF and when we resize chart to smaller size
Seriously a must have tool. Response to questions and demands are very quick too. Was using another tool but this is prime.