Place Measurement Device is an on-chart buying and selling instrument for MT5 that allows you to handle trades solely together with your mouse and hotkeys — swap between preset danger percentages, place orders with instantaneous place sizing, see stay SL/TP distances and danger/reward, and shut positions partially with a click on.
Key Options:
- Market/pending orders by mouse & hotkeys with auto risk-based sizing.
- Change danger % with A/S hotkeys.
- Partial shut by way of on-chart buttons.
- Auto place TP primarily based on danger/reward ratio.
- Present SL/TP distance, margin, unfold.
- Customizable interface — present solely what you want.
FAQ:
1. Market order
Press Q to enter market order mode.
Transfer your mouse to the specified Cease Loss degree.
Use A / S to regulate danger proportion.
Press R to ship the order.
2. Pending order
Transfer your mouse to the specified entry value, then press W.
Subsequent, transfer the mouse to the specified Cease Loss degree.
Use A / S to regulate danger proportion.
Press R to ship the pending order.
The EA will routinely select between restrict and cease order varieties primarily based on the place of the SL relative to the entry.
3. Partial shut
For open positions, a partial shut button seems on the chart.
Click on it to shut 50% of the place (by default).
Click on the icon subsequent to it to open a selector, the place you may select a distinct quantity to shut.
The selector is generated primarily based on the variety of steps you set within the settings.
Set up:
- Copy ex5 file to your Knowledge Folder MQL5Experts
- Instruments > Choices > Professional Advisors. Enable algorithmic buying and selling is enabled.
- Algo Buying and selling button on high is enabled.
- In Properties of Place Measurement Device > Frequent tab > Enable Algo Buying and selling is enabled .
