A feature of this trading tool is that it is possible to manually set the stop loss level to the desired level and the adviser will automatically recalculate the position volume. For example, you want to open a buy deal and set the stop loss level to the current local minimum. The final stop loss will be set below the manually set level at a distance equal to the sum of two values - the indent specified in the settings (the Indent parameter in the settings) plus the current spread for the instrument. We have a simple formula:
Stoploss = SLlevel + Indent + Spread.
The final stop loss and offset are displayed on the panel in the second line.
Also in the settings it is possible to set the number of orders with which you will enter the market - this is either one order or two (Open two orders? (Lot/2) parameter).
It is possible to choose one of two types of money management:
1. The EA calculates the lot based on the risk specified in the settings and the stop loss that you set on the chart yourself (the Use MM? parameter is set to true).
2. The EA calculates the risk based on the lot specified in the settings and the stop loss that you set on the chart yourself (the Use MM? parameter is set to false). In this case, you simply keep track of the risk with which the transaction will be opened and make a decision on entry according to your Risk and Money Management rules.
The risk in the settings is set as a percentage.
In total, the Trading Panel displays 4 important points:
- The number of orders to enter the market. There may be an entry with either one order or two. - The current stop loss level (in points) and the offset from the line for setting the stop loss. - Either the specified or calculated risk from the deposit, as a percentage. - Either the specified or calculated risk from the deposit, in the deposit currency.
Another feature of the trading panel is the presence of two hot keys. About each in more detail: 1. Button ` (tilde). This hot key is used to change the direction of trading. For example, you see that there is no longer talk of any purchases and you start looking for favorable conditions for entering sales. One click on the hotkey and the trading panel switches from buying information to selling information.
2. s Button ' s' . This hotkey is used to change the panel snap angle. Sometimes it is necessary to release a specific corner of the chart for some indicator or for any other purpose. To do this, you have to go into the settings of the adviser and change the anchoring angle there, which takes time and is generally not very convenient. Now the trading panel changes the snap angle one by one by pressing a hot key, which is extremely convenient and time-efficient.
List of input parameters:
Use MM?
Trade Lot if Use MM
Risk (%) per trade
Indent for StopLoss, pips
Open two orders? (Lot/2)
Color SELL button
Color BUY button
color panel
color text
Color Stop Loss level
Length of stop loss line in candles
Graph corner for attachment
Stop Loss level style
Stop Loss level width
Coordinate X
Coordinate Y
Coefficient 1
Coefficient 2
magic number
