Trading utilities for MetaTrader 5

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MetaTrader 5

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Information

Utilities
MetaTrader 5
Evgeniy Grebenuik
3.10
5

Overview

This trading utility is designed for intraday traders who open a large number of transactions. It implements trading via hot keys, with automatic stop-loss setting for the minimum or maximum of the previous candle and take-profit at certain levels. Certain levels are the maximum and minimum of yesterday and their range measured from the maximum up and from the minimum down. The main elements that are necessary when working within a day are displayed at the top of the chart. This is a timer that indicates how much time is left before the opening of a new candle on the working time frame, this is the PnL of an open position for the current instrument, the risk in the balance currency, with what loss the position will be closed and a label displaying partial closure of the position in%. There is also a label that displays the candlestick pattern for the previous two days to understand what state the market is in, in a trend or consolidation. Hot keys used in this utility:

1- buy at market

2- sell at market

3- enable trailing stop by candles

Esc- partial position closure, default 50%

Enter- position closure

Tab- open Buy stop

Caps-Lock- open Sell-stop

Delete- delete pending orders

Up arrow - increase risk in the opened deal

Down arrow - decrease risk in the opened deal

Left arrow - decrease percentage in partial closure of the deal

Right arrow - increase percentage in partial closure of the deal

Remember: the deal is always opened with a stop loss behind the minimum of the previous candle when buying and the maximum of the previous candle when selling. The same logic applies to pending orders. Take profit is automatically set at the minimums or maximums of yesterday's daily candle if we are trading inside yesterday's candle. If we trade above the highs or lows of yesterday's candle, then take profit is set to the width of yesterday's daily range.

Not tested in the tester, since hot keys are used


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