This is a simple trade panel with money amount input. It is recommended for short-term transaction. Program calculates lots then open position. There are basic features described below.
Key features:
- Program calculates how many lots you need for your price then open position. Calculated position size NOT exceeds your money.
- When open position, you can instantly change your position from long to short and vice versa by clicking other Buy/Sell button.
- You can set trailing stop and adjust parameters such as price step for Buy and Sell positions separately.
Parameters (see picture):
- Stop-Loss for Buy/Sell – set Stop Loss in points. “0” value means that SL is disabled.
- Take-Profit for Buy/Sell – set Take Profit in points. “0” value means that TP is disabled.
- Trailing Stop (BUY/SELL) – If true, SL will trail current price when reach profit threshold level (see “Trailing Stop-Loss profit thresh”)
- Trailing Stop-Loss profit thresh – set level of your profit in points where SL should move with current price.
- Trailing Stop-Loss step (BUY/SELL) – set distance between current price and trailing Stop-Loss.
- Cash amount (ONLY FOR STRATEGY TESTER) – When testing program in a strategy tester, money value can’t be change from input box. You must set it in “Parameters” tab.
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Panel description:
- Buy, Sell Buttons – probably you know 😉
- Close – close open position
- Input with Money – type amount of money you want to use in your position
- MIN(p) : -10 | MAX(p): 20 – lowest and highest price distance (in points) measured from Buy/Sell price level. MIN corresponds to loss, MAX to profit price distance. If you open Sell position, you should notice that MIN distance is measured above open price level, MAX below this price.
Panel description:
- Buy, Sell Buttons – probably you know 😉
- Close – close open position
- Input with Money – type amount of money you want to use in your position
- MIN(p) : -10 | MAX(p): 20 – lowest and highest price distance (in points) measured from Buy/Sell price level. MIN corresponds to loss, MAX to profit price distance. If you open Sell position, you should notice that MIN distance is measured above open price level, MAX below this price.
Important!
- CHECK IT ON DEMO ACCOUNT FIRST!
- This program works with one position ONLY so make sure you haven’t open multiple position for the same symbol previously.
- Pay attention when drag program across chart to not click trade button accidentally.
- Buttons work in a strategy tester, however you have to wait 1 tick for submit order after click Buy/Sell button.
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