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Graphic Order Tool

Graphic Order Tool

Graphic panel to help trader to make orders.

Drag TP line, SL line and/or ENTRY line with immediate calculation of the profit and loss in pips and USD.

Risk management: Set % of your balance you can risk in the order to make it safe for your money.

Automatically detect the type of possible order (BUY, SELL, BUY_STOP, SELL_LIMIT, BUY_LIMIT, SELL_STOP) depending on mode (BUY/SELL) and position of lines ENTRY, TP, SL.

Panel is semi-transparent, not to cover the main chart.

Description
  • Order Data Calculations
Graphic panel calculates all the data necessary to place an order:
- determines order type: BUY, SELL, BUY_STOP, SELL_STOP, BUY_LIMIT, or SELL_LIMIT,
- calculates volume of order in lots, depending on determined level of risk,
- allows to drag entry level ENTRY and calculates current line price and deviation from current security price in pips,
- set Stop Loss level SL (by default and by dragging) - determines price, deviation from ENTRY, amount of loss in USD and pips,
- set Take Profit level TP (by ratio to SL and by dragging)- price, deviation from ENTRY, amount of earning in USD and pips.
  • Risk Level
Choose the amount of money you are willing to risk in the order by setting the Risk Management information:
- initial budget:
  - BALANCE (the balance of your trading account at the time of settlement), or
  - EQUITY  (the equity of your trading account ), or
  - fixed budget as a basis of trading (BUDGET),
- % (percentage) of initial budget to apply to the order (example: 1%).

The value RISK = (BUDGET * Percentage) is used as the basis for calculating two mutually dependent values:
- the Stop Loss SL value (in USD), which should be less or equal to the RISK, and
- the volume of the order (in lots),  which will be determined in assumption that the whole RISK is applied.
  • Stop Loss Level
If SL level is approximately close to ENTRY level, volume can be larger, and as soon as SL line moves away from the ENTRY, volume decreases and can reach a minimal value, usually = 0.01 lot. (The minimal lot value is determined for each security).

The initial value of SL in pips is a parameter to set when the tool is activated.    
Anyway, this value can easily be changed by dragging the SL line in any direction: closer to ENTRY or further from ENTRY.
Usually the trader sets the SL line looking at Support and Resistance levels.
  • Take Profit Level
Take Profit level is determined by the Ratio parameter. The initial value is set to Ratio = 2.0, which means that the trader expects to earn 2 times more than to (possibly) lose. There are buttons 1 - 2 - 3 - 4 to set one of the fixed ratio levels (1.0, 2.0, 3.0 or 4.0).

Example: If ratio is equal to 3 - TP level is set to earn 3 times more than to lose.

Anyway, the trader can manually drag TP line, increasing or decreasing the expected profit of the order. After each TP line movement the current Ratio value is recalculated and displayed on the Ratio line.
  • Trade Modes
Two modes of tool usage are supported: BUY and SELL.
Actual price of the security is set to "Ask" in BUY mode and to "Bid" in SELL mode.  

BUY mode includes three options: BUY, BUY_STOP, and BUY_LIMIT.

Basic mode is : BUY. But if manually drag ENTER line UP or DOWN - the order turns into postponed order
- BUY_STOP : to ask a broker to open a long position at a price higher than the current price
- BUY_LIMIT : respectively to open a long position at a price lower than the current price.

The same for SELL mode:
- SELL_STOP : to open a short position at a price lower than the current price.
- SELL_LIMIT : to open a short position at a price higher than the current price.

Each time you drag the ENTER line, the Follow Price button turns red, indicating that the ENTER line is moved beyond the current price line. To return to the basic mode (just BUY, or SELL), press Follow Price button, it will turn green.
  • Sandbox and Open Order Action
Sandbox is used to play with order volume.

Use buttons "+" and "-" to increase/decrease values of Risk and Lot Size:
- increasing Risk you want to earn more: lot Size is increased too.
- increasing/decreasing Lot Size you set order volume to the value you want. Risk is recalculated after every change of Lot Size.

After all the lines and risk settings are set you will see that the following data on the Graphic Tool are settled:
- trade mode;
- entry level (don't forget, after dragging ENTRY line you set the order type);
- Stop Loss  level;
- Take Profit level;
- Lot Size,

you can press *Open Order* button to open order you just configured.
  • UI
- Title
  - security name (symbol), time-frame;
  - order type;
- Order information
  - risk calculation base;
  - ratio for Take Profit calculation;
  - Stop Loss info;
  - Take Profit info;
  - order volume calculation
- Sandbox
  - risk percentage variation
  - order volume variation
  - Stop Loss info
  - Take Profit info
  - Open Order button
- Buttons
  - Show TP Line
  - Show SL Line
  - Follow Price
- Lot size information
  • UX
- Keyboard buttons
  - "B" - keyboard button "B" activates BUY mode and displays the Graphic Tool
  - "S" - keyboard button "S" activates SELL mode and displays the Graphic Tool
  - "C" - keyboard button "C" removes the Tool from the screen (except the SL, TP and ENTRY lines)
- Mouse
  - drag the Tool to move it (grab by the header)
  - button "Close" on the right top corner of the Tool
- Tool buttons
  - "Show TP Line" :
  - "Show SL Line" ON/OFF
  - "Follow Price" ON/OFF
  • Instructions
  1. Download *GraphicOrderTool* to MT5 terminal (**Experts** folder).
  2. Activate *GraphicOrderTool* on some security graph.
    1. Fill parameters - set BALANCE/EQUITY or BUDGET.
    2. If BUDGET is chosen - populate value of budget.
    3. Choose Risk percentage.
    4. Choose initial TP level in pips.
    5. Press OK.
  3. Place mouse on the graph canvas (to allow *GraphicOrderTool* to handle graph events)
  4. Press "B" or "S" on the keyboard - *GraphicOrderTool* is appeared on the canvas
  5. Drag SL line to the preferred price level
  6. Choose risk ratio level or drag TP line
  7. Inspect calculated values of SL and TP in the USD currency
  8. Use Sandbox to play with values of risk and lot size


Drag ENTER line if you prefer to use deferred orders



You can manually drag the TP line, SL line and ENTRY line with immediate calculation od the profit and loss in USD.

Risk management: You can set % of your balance you can involve into the order to make it safe for your money.

Application automatically detects the type of possible order (BUY, SELL, BUY_STOP, SELL_LIMIT, BUY_LIMIT, SELL_STOP) depending on position of lines ENTRY, TP, SL.
  • Development
Basic idea and initial solution is taken from William Roeder MT4 Order Tool. Graphics is fully reworked into MT5 style using graphic objects and C++ classes.


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Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
HINN Lazy Trader
Georg Vahi
5 (1)
Set price targets, and leave everything else to HINN Lazy Trader! This tool is designed for automatic position sizing from specified levels to designated targets. Using a VPS is recommended (*). The demo version   limited in functionality, be sure to watch this video before using -->  https://youtu.be/geLQ6dUzAr8 A community for users, product discussion, update news, and first line of support are organized in a free Discord: https://discord.gg/zFhEZc7QDQ Use Webmoney For payments in cryptocu
The MT5 to Discord Signal Provider is a user-friendly, fully customizable utility designed for sending trading signals directly to Discord. This tool transforms your trading account into an efficient signal provider. Customize message formats to suit your style! For ease of use, select from pre-designed templates and choose which message elements to include or exclude. [ Demo ] [ Manual ] [ MT4 Version ] [ Telegram Version ] Setup Follow our detailed user guide for easy setup. No prior knowled
Trade Sync MT5
Anna Kolchina
5 (1)
« Trade Sync » — Really fast copying and precise synchronization of trades. Simple installation and configuration of the application within 5 seconds allows you to copy trades between different MetaTrader terminals installed on one Windows PC or Windows VPS at maximum speed. «Trade Sync» contains a large number of options for customizing the application to your specific needs and allows you to cope with even complex user tasks. Separate use: Trade Sync MT4 - allows you to copy (Мt4 > Мt4), Trade
RiskGuard Management
MONTORIO MICHELE
5 (14)
ATTENTION the expert does not work in strategy tester, for a trial version visit my profile. Manual RiskGuard Management   RiskGuard management was born with the idea of ​​helping traders from their initial journey to becoming expert and aware traders. Compatible with any operating system whether Mac or Windows. The operations panel is integrated into the graph giving the possibility to choose size and position between right and left, while the various buttons light up when they can be used,
Price Action Trade Panel EA MT5
Juvenille Emperor Limited
5 (4)
Price Action Trade Panel MT5  calculates the buying/selling force level balance of any symbol/instrument, based on pure price action data of the specified (8 by default) past candles. This will give you the closest market sentiment possible by monitoring the price action of 32 symbols/instruments that are available on the indicator's panel. A buying/selling force level over 60% gives a quite solid level for buy/sell the specific symbol (using the default settings).  Price Action Trade Panel MT5
The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow develop strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA   in this market place. You can use as trade
MT5 To Telegram Copier
Levi Dane Benjamin
5 (1)
Send fully customizable signals from MT5 to Telegram and become a Signal Provider! This product is presented in an easy-to-use and visually attractive graphical interface. Customise your settings and start using the product within minutes! User Guide + Demo  | MT4 Version  | Discord Version If you want to try a demo please go to the User Guide. The MT5 To Telegram Sender does NOT work in the strategy tester. MT5 To Telegram Features Fully Customise signal to your preference with a huge numbe
Profit or Loss Pad
Vladislav Andruschenko
4.5 (10)
Closing positions in MetaTrader 5 upon reaching the total profit/loss with the profit trailing function.   CloseIfProfitorLoss with Trailing You can enable the  Virtual stops (Separate Order) , calculating and closing for  BUY and SELL positions separately (Separate BUY SELL) , closing and calculating  all symbols or the current symbol only (All Symbols) , enable trailing for profit ( Trailing  Profit) Positions are closed based on a value  in deposit currency, points, % and drawdown . The appl
Trading Chaos Expert
Gennadiy Stanilevych
5 (10)
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs. Interacting with additional signal indicators that mark the chart to give a real mark
The News Filter MT5
Leolouiski Gan
4.64 (11)
This product filters   all expert advisors and manual charts   during news time. This product also comes with a complete  order management system   that can handle your open positions and pending orders before the release of any news. Once you purchase   The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from here onwards. Please note that this product does not work in the strategy tester. To properly evalu
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Version 1.1 2024.09.26
1. Added Demo Version capabilities to run in the Strategy Tester. Dragging and keyboard pressing are not allowed in Strategy Tester, so small panel with 3 buttons "B", "S". "C" added. Screenshot with demo run is presented.
2. Fixed bugs, related to Stop Loss Line value calculated,