We
always get requests to share something good, that we have already shared in
the past. Yes, some links are lost... some you missed by any reason.
Anyway, we decided to make a page with most popular tools that we shared in
the past.
Sure, this is not a full
list. I suppose, just 5% or even less. Anyway, we don't share any indicators
here. Just devices that are really useful as part of ANY manual system. Such
tools are very popular and really highly requested every day.
Be sure, if you need
something else - don't shy to ask me. We will be glad to help you and share
anything you need. One day, we will make a page with full list of tools that
we shared. But today, we use just MOST WANTED tools. We made lite upgrade of
each tool, just to make it more user-friendly and easy for you!
#1 ChartTrailing Device
you can use both styles now - have all information on the chart, fast to
change data in one click... or hide this panel and use just settings in
inputs.
ChartTrailing is perfect
device for manual trading. It allows to modify manual orders due your
settings. You can set any desired TP/SL and trailing parameters and as soon
as you open manual order - it gets it. ChartTrailing won't modify previous
manual orders if it already has SL or TP, but will trail its SL based on
your settings.
#2 Manual Limit Orders Maker
it allows you to set 2 price levels: one for Buy, another for Sell order. As
soon as price crossed one of these 2 levels - EA makes an order and set SL/TP
based on your settings. Also, it has trailing SL parameters which you can
use. Once you get one order, 2nd price level will be removed.
This tool is very useful
on news trading. You can set desired levels before upcoming news and get an
order as soon as price comes to any direction. Also, it's pretty safe,
because order gets SL/TP and trailing too.
#3 PriceAlertNew
PriceAlert is good device for these traders, who like to open a trade on
certain price level. You can set 2 target price levels. Yes, 2 - one for Buy
and another for Sell order. This is very comfortable.
Also, you get
opportunity to get PUSH and EMAIL notifications as well. This is very
useful, because sometimes it takes lots of time for price to reach your
target. So, no need to be next to computer all the time. Just set any type
of notifications. Also, this tool provide you with spread information. You
can simple hide it, just make it false in menu.
#4 BalanceManager
Some traders use Expert Advisors and manual style at the same time. We made
a good device, it helps to control your total Profit/Loss. BalanceManager is
a kind of robots, which control all live orders. It bases on simple idea -
to get fixed profit from all orders or close all orders at certain loss
point. You need to install it to any chart and set just 2 parameters:
ProfitTarget & GlobalStop. As soon as your Balance reach certain amount
(Balance + ProfitTarget/or - GlobalStop) - all orders close. It doesn't
matter how many profit/loss orders you have, main purpose to close all
orders at certain Profit or loss level.
You need to set it to
any chart, but best way is to chose more liquid pair (like EURUSD etc). As
soon as BalanceManager fixed the profit(closed all order) - StartBalance
automatically increases. It doesn't affect EAs trading & manage all orders -
manual/EA.
#5 CrossPairs
There is a strong cross currency pairs correlation that you should not
ignore. Usually it takes 2 pairs that show similar or opposite directions.
When one goes up, the second moves as well. In some cases, the second pair
can moves with a short delay. This feature can help you at scalping
sometimes. Though, there are still some pairs that are independent from each
other.
You can use it to avoid
"zero" trades. For instance, EURUSD and USDCHF show opposite trends. If you
place both BUY orders, one is going to win, while the second to lose. They
erase each other leaving your total outcome close to zero. Or to reduce
risks. For instance, there is a strong correlation between EURUSD and AUDUSD,
you may split your trading risks at both pairs. Just place 2 orders of the
same direction with half lot per each pair following their active trend.
Also, watch how pairs affect other commodities, gold for example or silver.
Some pairs really depends on it. Risks hedging by opening opposite trade on
that pair that has lower price per Pips compared with main trading pair.
Full details about pairs correlations can be find in the special sources.
Just chose information that you need and search it. This indicator helps
with analyze... and shows useful correlations between pairs.
#6 Useful scripts
I'm sure, sometimes you want to make something in one click. Such things as
close all profit or loss orders, clean the chart etc ... It's possible by
using useful scripts. Sure, there are lots of them. We just want to share
useful and most popular ones.
This time we made
scripts that manage all pairs. No need to close orders by pairs etc. Now you
can close all loss/profit trades on ALL pairs. Easy, just in one click.
Please, read pdf guide for more details before you start using it. It's
important!
#7 How to set push & email notification
After many request we decided to upload most popular pdf guides as well.
Push notification is very useful and comfortable for part time traders. Now,
you can easily set it up.
Just follow the guide. If you have any questions -
just let me know, please. Also, manual has information
about email notification as well. This is very simple way to get alerts from
MT4 on all mobile devices.
#8 How to install ANY Expert Advisor to MT4
#9 How to install ANY Indicator to MT4
Disclaimer