Rescue Trader MT5
On the one hand, Rescue Trader MT5 is a powerful rescue system for manual and/or other Expert-generated trades that have unexpectedly gone into drawdown.
On the other hand, Rescue Trader MT5 is also a universal and extensively configurable Expert for many financial instruments, which can be intuitively and flexibly adapted to the respective market situation using the numerous parameters that can be set via the onscreen panel and the order status can be constantly kept visually in view can.
The onscreen panel consists of two pages. The display of the second page with the parameter settings is visible by clicking with the mouse on the left vertical logo bar so that the main page shifts to the right. This has the advantage that if several Experts are installed, whose charts are arranged vertically, access to the parameters in the visible area is guaranteed.
In addition to the grid functionality, there is also an optional recovery function that closes profitable trades in the event of drawdowns and compensates for previous loss-making positions.
The preset mode already includes a very profitable configuration for several major and minor currencies as well as metals such as gold. The minimum capital per instrument traded should not be less than 1000 USD.
To trade multiple instruments, Rescue Trader MT5 is installed on the respective chart. The time frame set is arbitrary and has no influence on the trading algorithm. If an instrument is traded multiple times, care must be taken to set different magic numbers. Different instruments with the same Magic number do not affect each other.
For manual trading, in addition to the buttons for BUY/SELL/..., setting variable stop/limit lines for opening positions is also available via the sub-page of the onscreen panel. These can be changed in position and angle as desired to form patterns such as triangles, channels, etc.
Tip:
The demo version allows you to carry out many functions in the visual backtest, just like in live trading. Only the variable parameters on the second panel page must be preset in the Settings (F7) beforehand, as MT5 does not support editing edit fields in demo mode. Furthermore, the parameter “Display Panel in visual Tester Mode” located at the end of the list must be activated in the settings.
Links:
Settings Tab: https://www.mql5.com/en/blogs/post/754353
Onscreen Panel Functions Description: https://www.mql5.com/en/blogs/post/754354
Telegram Group: https://t.me/+nyJo7ViTBvtkNzMy
