Simple Trade Panel MT4
Simple Trade Panel was created to make it easier to train forex trading skills in backtester and at the same time make it easier to live trade using trendlines with the push of a button. This ea is perfect for beginners who want to learn to trade manually because all of its features are equipped with basic tools for trading forex.
Superiority:
+ Can be used to perform recovering loss positions made by other ea or positions that open manually. Fill in magic number=0, then the ea will automatically recognize all open positions in the symbol/currency.
How to trade properly : here
Main Feature:
1. Manage Open Positions
+ Trade Buy: allow buy
+ Trade Sell: allow sell
2. Manage pending orders
+ Delete trendline after opening a position: set false for continuous pending orders.
3. Manage Lot
+ Lot Type: Select lot type
+ Multiplier for Martingale: Multiplier lot coefficient
+ Max Lots per Trade
4. Buy Grid Parameters
+ Use Hedging Buys: Hedge buy positions
+ Use Pyramid Buy: Open a long position if the initial position is profitable
+ Use Averaging Buy: Open a long position if the initial position is losing
+ Buy Step (in pips): Distance to open the next long position
+ Expanding Step Coefficient Buy: coefficient multiplier
+ Maxtrade Buy: Maxtrade Buy allowed
5. Sell Grid Parameters
+ Use Hedging Sell: Hedge sell positions
+ Use Pyramid Sell: Open a short position if the initial position is profitable
+ Use Averaging Sell: Open a short position when the initial position is losing
+ Sell Step (in pips): Distance to open the next short position
+ Expanding Step Coefficient Sell: coefficient multiplier
+ Maxtrade Sell: Max trade Sell allowed
6. Manage SLTP & Trailling
+ Use Virtual Stop Loss & Takeprofit: Virtual Stop Loss & takeprofit
+ Virtual Stop Loss (in pips): Stop loss in pips
+ Virtual Take Profit (in pips): Takeprofit in pips
+ Averaging Trailing, in pips: Trailing all in pips
+ Trailing Start (in pips): Trailing starts in pips
+ Trailling Size (in pips): Step trailing in pips
7. Manage Drawdown Reduction
+ Use Auto Close Partial, in money: Close Partial in money
+ Select Close Partial Method:
+ Close partial buy & sell: partial close by bringing 1 buy loss & 1 sell loss
+ Close partial buy / sell: partial close by bringing only 1 buy loss or 1 sell loss.
+ Close partial all: A combination of close partial buy & sell and close partial buy / sell.
+ Number of trade to activate partial close: Minimum amount of open positions to start applying partial close.
+ Minimum profit to close partial $: Minimum profit to do partial close, in money.
+ Use Auto Close Partial, in percentage: Close partial in percentage
+ Number of trade to activate partial close: Minimum amount of open positions to start applying partial close.
+ Percentage of profit to close partial%: Minimum profit to do partial close, in percentage.
8. Time Management
+ Trade Start Time: Time to start placing pending orders
+ Trade End Time: The time the trading session ends
9. Manage Others
+ Max Spread (in Pips): allowed spreads.
+ Coefficient (if Freeze = 0 Or StopsLevels = 0): Multiplier coefficient when freezelevel / stoplevel = 0
+ Magic Number: EA identifies open positions based on this magic number. Fill in 0 (Zero) so that ea can recognize all positions opened manually or by other eas.
+ Text Color: Change the text color
+ Line Width: The thickness of the trendline
+ Button Corner Side button placement: corner of button placement
+ X Axis button (Horizontal Move, Right, Left, Center): determines the location of the X axis button
+ Y Axis button (Vertical Move, Up, Center, Down): determines the location of the Y axis button
+ Button Text Color: The color of the button text
10. Lock Button
Loss Lock only applies if the current position is experiencing a loss, STP will open the opposite position.
Profit Lock only applies if the current position is profitable, STP will open the opposite position.
Lock all is a combination of loss lock and profit lock, usually for multiple open positions.
Button execution is slow