Buying and selling Helper – Program for buying and selling and cash administration. It could actually work with pending and rapid orders, and is supplied with trailing cease, breakeven and take revenue features.
The panel is designed for buying and selling solely on forex pairs and solely on greenback accounts.
Presently, the panel is out there just for the Meta Dealer 4 buying and selling terminal.
Cash administration
The panel supplies two methods of cash administration:
Fastened P.c Methodology
Makes use of a sure share of danger per buying and selling operation. This methodology is energetic by default. If it’s not energetic, you may allow it by clicking on the “%” button. No matter what Cease Loss dimension you’ve gotten, this system will at all times choose a buying and selling quantity, which, if the Cease Loss is triggered, will convey you a loss within the share set on the panel (1% by default). Accordingly, the upper your Cease Loss degree, the decrease the buying and selling quantity and vice versa.
By default, the chance is about to 1% in this system panel. This share could be modified utilizing the up and down arrows.
Default share change step = 0.5. Will be modified within the exterior parameters of the indicator. The “stepPercent” parameter is accountable for this.
Buying and selling Lot
Implies using a predetermined buying and selling quantity. To activate this cash administration methodology, click on on the “Lot” button. The default quantity = 0.1 lot and could be modified utilizing the up and down arrows.
The lot change step could be modified within the exterior parameters of the indicator. The “stepLot” parameter is accountable for this.
TakeProfit, Breakeven, Trailing Cease
“Breakeven” – accountable for shifting a commerce to breakeven. As quickly as the worth strikes into the optimistic zone throughout the vary allowed by the dealer, clicking on the “Breakeven” button will transfer your Cease Loss to the commerce opening degree.
“Trailing” – allows the “Trailing Cease” operate. When the worth passes a sure vary (for instance, 500 factors on the fifth image after the dot or 50 factors on the fourth image after the dot), the worth strikes to the commerce opening degree and strikes together with the worth because it strikes.
You will need to be aware that for various forex pairs the trailing cease parameter have to be chosen individually, since totally different devices have totally different volatility. The dimensions of the trailing cease is set by the “Trailing” parameter within the exterior parameters of the panel.
“TP” – accountable for setting the “Take Revenue” order. The default ratio is 1 Cease Loss = 3 Take Revenue. Whenever you click on on the “TP” button, Take Revenue shall be set. The ratio of Cease Loss to Take Revenue could be modified utilizing the down and up arrows.
Commerce orders
The panel is able to opening each rapid and pending orders. Presently accessible:
- Purchase
- Promote
- Purchase Cease
- Purchase Restrict
- Promote Cease
- Promote Restrict
If you don’t use pending orders in buying and selling, you may take away it by clicking on the “PO” button within the higher left nook of the display. Within the instance under, I turned off pending orders and left solely rapid ones.
The “Shut All” button is meant to shut all orders on the present chart, in addition to to delete all pending orders on the present chart.
Panel activation
In an effort to activate the panel, you should click on on the massive sq. button within the heart. After clicking it, two traces (orange and blue) will seem on the chart, and the unfold may even be displayed underneath the present value line.
Orange line – Potential Cease Loss degree for rapid and pending orders. Have to be set the place you propose to put your Cease Loss degree.
Blue line – Stage of a possible pending order. It would not matter which one. Have to be set the place you’re going to place a pending order.
Info above the orange line
Above the orange line is details about a future rapid order. From left to proper:
- Lot – Lot for the present buying and selling operation
- $ – Danger within the deposit forex in {dollars} (danger as a share of the deposit)
- S/L – Cease Loss dimension in pips
Info underneath the orange line
Under the orange line is info on a future pending order. From left to proper:
- Lot – Lot of the longer term pending order
- $ – Danger within the deposit forex in {dollars} (danger as a share of the deposit)
- S/L – Cease Loss dimension in factors for a pending order
Unfold
Under the present value line, the unfold for the longer term buying and selling operation is displayed in factors and deposit forex (calculated primarily based on the lot worth of the rapid order).
Opening a direct order
To open a direct order, you should drag the orange line to the extent of your future Cease Loss and click on on the “Purchase” or “Promote” button. If the road just isn’t energetic (there are factors to the best and left of it within the energetic part), then you must activate it by double-clicking on it with the left mouse button.
Under, utilizing the instance, I’ll open promote and purchase trades, having beforehand turned off pending orders. There isn’t a have to disable them. An instantaneous order will work in any case.
Setting a pending order
To position a pending order, we’d like each traces: blue and orange.
Purchase Cease – transfer the blue line above the present value and the orange line under the blue one
Promote Cease – transfer the blue line under the present value and the orange line above the blue one.
Purchase Restrict – transfer the blue line under the present value, and the orange line under the blue one.
Promote Restrict – transfer the blue line above the present value, and the orange line above the blue one.
Safety system
By default, this system has a built-in safety system, the principle job of which is to forestall you from opening positions with a big buying and selling quantity. If you want, you may flip it off within the panel’s exterior parameters.
We applied two restrictions:
- By quantity (MaxLotValue) – Default worth is 1 lot.
- By danger share (MaxPercentValue) – Default worth is 10%.
If the safety system is turned on and also you violate the foundations (for instance, you open a commerce with a big lot or the chance on the deal is greater than 10%), then this system won’t open the commerce and gives you a warning that the suitable dangers have been exceeded.
Exterior parameters:
- startCoordX – The place of the panel concerning the X axis
- startCoordY – Panel Y place
- maxLotValue – The utmost doable lot worth that this system opens
- maxPrcentValue – The utmost doable share of danger
- useRiskRounding – rounding the chance share values
- pendingOrder – Whether or not or to not use pending orders
- Deposit – Select between Deposit and Fairness to show on the panel
- stepPercent – Proportion step
- steplot – Lot step
- sippage – Slippage
- traling– Worth for trailing cease
- takeProfit – The ratio for the take revenue operate
- diapason – Deviation of order management traces from the present value
- showProfitLoss– Whether or not or to not show the present revenue on the best above the order on the chart
- showSpread – Whether or not or to not show the present unfold above the present value
- colorTextSpread – Unfold show textual content
- movelinesAfterOpenOrder – Offset of order management traces after opening an order
- pipsspread – Line offset vary.
- resetHotKeys– Hotkeys for shifting order management traces
- positonTextOnLine – Place for textual content above the order management line
- InfoTextFont – The font for the textual content above the order management line.
- InfoTextFontsize – Font dimension for textual content above the order management line
- colorTextLine – Info colour for the rapid order
- colorTextLinePending – Info colour for a pending order
- SLLineThick – Potential cease line thickness
- PendingLineThick – Line thickness of a possible pending order
- styleline – Potential cease line type
- styleLinePending – Line type of a possible pending order
- colerLine– Shade of the potential cease line
- colorLinePending – Line colour of a possible pending order
- colorTracing – Panel stroke colour
- colorTextBtn– The colour of the textual content on the panel
- colorFonButton – Panel background colour
- colorBack – Background colour of editable panel parts
- colorTextBack – Textual content colour of editable panel parts
Writer: Siarhei Vashchylka. For any questions, write to me in personal messages. I additionally advocate subscribing to my updates. To do that, comply with the hyperlink to my profile and click on “Add to associates”.
