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STP TradeManager for the STPatterns Strategy

5

The STP Trade Manager is a utility tailored to the ST Patterns strategy by Vladimir Poltoratskiy (www.stpatterns.com)
While specifically made for this strategy, it can also be used for other trade management. Especially when you have a need for quickly making trades and risk management.

It is a huge time saver and helps in quickly drawing the different ST Patterns corridors.
People familiar with the ST Patterns strategy will recognize and above all; appreciate the functions of this EA.

This trade manager will help you to quickly place limit or market orders, taken from the Fibo corridors as per the ST Patterns strategy.

Some features are:

  • You can put two different Fibo's on the chart and place them on the fractals. Then the EA will calculate instantly the required levels for SL, TP and BE, and on top of that; the required lot-size for the risk you have entered.
  • The Fibo will change color when your corridor is too big/small. SO instant notification. No more manual measuring if the corridor meets the requirements. (Also on HTF's like the H1)
  • You can drag the Fibo's around and the levels are instantly recalculated.
  • The EA can place limit or market orders.
  • This EA will monitor you open trades and move the SL to break-even when price hits the Turnaround/BE-trigger level.
  • With one trade open,for example; a BUY, and price reaching the BE-level and then a second corridor for a SELL develops, the EA will close the BUY order once the SELL Limit order placement is triggered.
    So one trade cancels the other.
  • The EA can auto close an open trade at a preset time before a news event.
    (Like in the strategy: 1 or 3 hrs before the news)
    For this feature you need a free news indicator in your MT4/indicator folder. That can be downloaded here: https://bit.ly/STP-indicators
  • The EA can close all trades at the end of your trading day, at the time you have set in the box on the chart.
  • Ability to manual close open or pending trades from the chart itself.
  • Measurement line tool, for quickly getting the pip/point distance between two fractals.
  • For trading on the higher TF's like the H1, the EA has the needed ADR/2 levels auto-calculated. It even shows the appropriate value for a specific day in the past.
    There is no more need for the ST Patterns ADR/2 indicator
  • Lot size can either be fixed or percentage based. The percentage risk has the advantage that even when moving the Fibo-levels around, the set risk for the order will always be the same.
  • Ability to set a custom account balance value. So that a different value then your MT4 account balance is taken as base for the risk percentage. e.g set 1% of 5000 USD, instead of using 1% of your actual balance of 10000 USD.

The YouTube video will go over the features and different settings for the EA

Look at the link below for detailed explanation of the functions and settings:
https://www.mql5.com/en/blogs/post/748768

Write the author a PM for a free, one month fully working demo. (The free demo from mql5 might only work in the strategy tester)

Recensioni 1
smfayyaz
119
smfayyaz 2024.06.06 05:13 
 

Excellent, Big time Time Saver and working for ST Pattern with Accuracy.

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Hi, all.  News trapper EA It is an expert for trading news very safe expert  Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use. how to install it     and set files     read the blog         after purchase contact me to add you to   VIP   channel  The program contains flexible settings for trading on the news of the economic calendar. It cannot be ch
The Expert Advisor will help you forward all pop-up alert with screenshot from  MetaTrader 4 to Telegram channel/ group, also forward all notifications to Telegram. Parameters  -  Telegram Bot Token - create bot on Telegram and get token.  -  Telegram Chat ID  - input your Telegram user ID,  group / channel ID  -  Forward Alert - default true, to forward alert.  -  Send message as caption of Screenshot - default false, set true to send message below Screenshot  How to setup and guide  - Telegram
Gann Model Forecast
Kirill Borovskii
5 (1)
I present to your attention a powerful utility for predicting the future movement of an asset based on W.D. Ganna’s law of vibration. This utility analyzes the selected market model and provides codes for future possible market movement patterns. If you enter the selected code into the appropriate box, you will receive a forecast of the potential market movement. The utility has the ability to display several potential forecast models. The forecast is not yet tied to time and price and gives th
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (3)
TakePropips TradePad Pro include un potente gestore commerciale, un misuratore di forza valutaria, strumenti di rendicontazione dei conti, strumenti di gestione del rischio e molto altro! È uno dei più avanzati gestori e assistenti commerciali del forex che tu abbia mai incontrato! È la soluzione perfetta per i trader che desiderano un modo più efficiente di gestire le transazioni commerciali. Puoi scaricare il manuale utente sul nostro post sul blog:   https://www.mql5.com/en/blogs/post/751180
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
MT4 to Discord
Trinh Dat
4 (5)
The Expert Advisor will send notifications via Discord when orders are opened/modified/closed on your MetaTrader 4 account. - Send message and screenshot to Discord group/channel.  - Easy to customize message.  - Support custom message for all languages - Support full Emoji.  - Send report Daily, Weekly, Monthly ( must show all history of orders ) Parameters - Discord url Webhook - create webhook on your Discord channel. - Magic number filter - default all, or input magic number to notify with
Altri dall’autore
Wave Cycle Counter
Eric Evert Ouweneel
Wave and Cycle counter to give an immediate indication how far the ongoing trend has progressed. Low numbers: trend has just started, ride the trend. Higher numbers: trend is 'older', watch for reversals This indicator is 100% compatible with the fantastic TopDog trading strategy. (I will NOT give any details about this Top Dog strategy) The trend direction is determined by a SMA value (or any other MA) you can set. Waves and cycles numbers and letters are derived from a SlowStoch setting
Filtro:
smfayyaz
119
smfayyaz 2024.06.06 05:13 
 

Excellent, Big time Time Saver and working for ST Pattern with Accuracy.

Rispondi alla recensione
Versione 1.71 2024.06.10
-Bug fix internal logic.
-Changed lay-out of 'upper' info line.
-Added 'UnSlct' button to deselect the placed fib's to prevent inadvertent movement.
-Button re-arrangement is not yet functional, so WIP.
Versione 1.62 2023.04.12
- Bug fixed: placing of market BUY order did not function
Versione 1.61 2023.02.06
-Bug fix.
-Users on Apple/Parallels can might have problems with importing of News function. Also the auto Fib-placement could not work. Fib could be placed in the wrong location.
There is a switch in EA settings. 'If using Parallels on Apple'. Set this to true for the Fib placement workaround.
Versione 1.59 2022.06.20
-- Fixed font size setting for lower resolution screens
-- Added variables to move buttons section in Y-direction and Button size factor
(Before loading the EA on the chart, set these variables first in the inputs TAB, Buttons will be drawn only on initialization)
Versione 1.58 2022.06.12
-Added: the fib placement will be on the last fractals.
-Changed appearance of the fractals (download necessary indicators with the provided link)
Versione 1.56 2022.05.04
-Fixed sound/alert issue
Versione 1.55 2022.05.03
- Corrected the display of Fibo lines when a trade is open
- Added: set trade button to "OFF" when there is news coming up and the "Timed Close" button is activated
- Removed data from buttons when "Line" close is activated
Versione 1.54 2022.04.29
-When EA is activated ("ON" button is red), the trade lines change style for better visibility
Fix: Improved the crossing logic of the Fibo Stop-level/Turnaround(BE) level
Versione 1.53 2022.04.28
The EA now deactivates its trading when price has the either crossed the Fibo Stop line or the Fibo BE/Turnaround level, before hitting the Threshold line. So no orders will be activated/triggered as per the ST Patterns rules.
Versione 1.52 2022.04.21
* Added buttons R0/R1. Pressing this button will place Rays on the selected Fibo. Pressing it again will remove the Rays.
* Some color changes
Versione 1.51 2022.04.19
*fixed measure-line placement in the middle of the chart when clicking the T-Line button
*Improved visuals when the Fibo width is Out of Limits as per the settings