Trading-Forex

Dashboard, Pro Panel: 20 in 1

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Professional Dashboard: includes 20 tools for a convenient trading.


Main functions:

I. Open new position:

1. Calculation of the Lot Size + convenient placement of orders.

2. Calculation of the Risk/Reward ratio + visualization.

3. Full-fledged work with pending orders “OCO”, with the possibility of specifying different IDs (as soon as one pending order is executed, the remaining orders with the same ID are automatically canceled).

II. Close or modify the trades:

4. Closing a certain category of trades.

5. Setting an automatic breakeven when the profitability level is reached.

6. Partial closing of trades.

III. Trading tools and Indicators:

7. Professional Price Action indicator with the possibility of visual configuration of patterns.

8. Future bar indicator.

9. Countdown to the closing of the bar on any time frame.

10. The indicator of the size of the bar.

11. Automatic Support / Resistance levels.

12. Automatic Fibonacci levels.

13. Gaps indicator.

14. Levels of potential profit/loss.

15. Utility for displaying multiple time frames in a single window.

16. The indicator of the global trading sessions.

17. Utility for counting the results of open trades.

18. Status bar with information about the market.

19. Indicator of the direction of the bars on all time frames.

20. Professional price alerts utility.


Important: Since the assistant provides for the possibility of manually opening and closing positions, the program file must be placed in the “Experts” directory! Otherwise, it will not work.


Interface:

The utility is a window on the chart containing 3 main tabs.

  • The window can be moved to any place on the chart (using the [<M>] button).
  • The window can also be minimized to save space ([<^>] button).
  • You can quickly switch between the light/dark interface theme using the [Dark] button.

When you run the utility (in the general settings) – you can configure the visual display of the indicator lines and some other necessary parameters. These parameters can also be changed at any time later by going to settings.

Below I will describe each of the 3 tabs separately:

Please note: the screenshots are taken from the description of my 23-in-1 Assistant with 3 additional features, so in the screenshots, the top part of the panel is different (contains additional “Info” tab).

The entire functionality of the unitily is absolutely identical.


I. Opening trades [<Open> tab]:

The “Open” section is intended for calculating the lot size, Risk/Reward ratio, and order execution.

Tab 1: Money management

To calculate the lot size:

  1. Specify  the amount of risk for the planned trade: 
    as a percentage of the Deposit / or set the amount of funds (the account currency is determined automatically);
  2. Set the  location of the Stop loss level:
    specific SL price / or SL size in pips (or market points);
  3. Set the  Entry price: and if it is not set, the calculation will be performed for market execution (at the current price).


Take profit & Risk/Reward ratio:

  1. Set the Take Profit level (when the Fix Target button is activated):

    a)Specific Take Profit price;
    b)Or the profit amount in pips/points (when the TP: pips button is activated).

    :to the right you will see a Risk/Reward ratio (R/R)

  2. Alternatively, specify the  desired Risk/Reward ratio (when activating Fix R/R button):
    in this case, the  TP size will be determined automatically based on R/R and the specified SL size.

Calculated values:

The panel displays the calculated lot, Entry Take Profit and Stop Loss parameters , as well as potential profit and possible loss.

Using the red switch “SL”, you can disable the setting of the SL level during the execution of the order.

Using the green switch “TP” you can disable the setting of the TP level during the execution of the order.


BUY/SELL buttons: quickly open the trade, using the entered parameters:

They will display which type of order is available: market (Buy / Sell Now), or pending (Limit / Stop).

If you entered parameters with an error (for example, SL level = entry price), the trading buttons will be inactive,

and you will get a message about which parameter you need to check.

After opening a trade, an  information window will be shown  with the result:

  • Entry price, SL and TP;
  • Or information about an error in case of failure.


For a pending orders:

  1. When using a pending order (if the entry price is specified), you can optionally specify the expiration time of the order (you can set any number of minutes/hours/days).
  2. You can also set an OCO (one cancels the other) order: in this case, as soon as one of the pending orders is activated, all other pending orders with the same ID will be automatically canceled.
    You can set an unlimited number of different IDs, that is, you will have the opportunity to have several groups of orders for different setups.

The maximum allowed slippage when executing an order can be set in the initial settings of the utility (1st line).


Working with the R/R ratio:

  • If you have  fixed the R/R ratio (Fix RR), then when you change the SL size, the  TP size will be  automatically adjusted,
    and if you want to change the SL/TP independently, clickFix Target.
  • There are 4 hotkeys in the R/R area (1, 2, 3, 4): they are used to  quickly set the R/R value.
    By default, they are 1.0, 2.0, 3.0, 4.0: but you can set your own values of any of these keys (in the settings).

For the convenience of monitoring the R/R ratio, the R/R window changes its color:

  1. If the Reward is less than the Risk (<1.0): the background will be red;
  2. In the settings, you can set the  preferred R/R value:
    values (from 1.0 to the specified value): will be blue;
  3. values  greater than or equal to the specified value: will be green;

Working with the chart objects (if Visualization switch is activated):

The chart will display the  Entry price, SL and TP, as well as buttons for adjusting them with the mouse.
Note that if the placement of SL or TP levels is disabled (red “SL” and green “TP” switches), then these levels will not be displayed on the chart.

  • Entry button: displays the  Entry level, calculated  lot size, and the  R/R ratio;
  • SL button: displays the price/size of the  Stop loss, and the amount of the  possible loss;
  • TP button: displays the price/size of the  Take profit, and the amount of the  potential profit;

Please note:  if the R/R ratio is fixed, changing the SL will also change the TP (and Vice versa);
if you want to change the SL/TP independently, click “Fix Target“.

  1. If  2 trading directions are possible (SL/TP size is specified in pips):
    2 possible SL levels will be displayed, the Entry price, and TP (if activated).
  2. If only  1 trade direction is possible (a specific SL/TP price was set):
    SL level, Entry price, and TP will be displayed.

SL / TP zones will also be filled with solid color:
when you click and move these zones: SL, Entry, and TP levels will be changed simultaneously, while maintaining the R/R ratio.

Settings of the [Open] section (Blue “Settings” button):

In the settings, you can set:

  1. Preferred R/R value for easy monitoring: the lower and higher of the set value will have different colors;
  2. Hotkey  values;
  3. Risk calculation method: for the current account balance / or for the free margin;
  4. Visual display style of SL and TP zones (dark zones are usually convenient when using a dark background);

In the initial settings of the utility, you can also change the style/thickness/color of the TP, SL, and Entry levels.



II. Closing trades [<Close> tab]:

The “Close” section is designed for managing active and pending orders: Setting automatic breakeven, changing TP/SL levels, partially/completely closing a certain trade, or closing/changing a certain group of orders.

The maximum allowed slippage when closing an order can be set in the initial settings of the utility (1st line).

Tab 2: Trade Manager

1) Main window: to manage orders, you can set a specific symbol [Symbol] / or select all symbols [ALL].

By clicking on the buttons, you can close all orders of a certain group:

  • [ALL]: Click to close all active positions;
  • [profits]: Click to close all profitable trades;
  • [losses]: Click to close all loosing trades;
  • [longs]: Click to close all long trades (for buy);
  • [shorts]: Click to close all short trades (for sell);

To the right of the buttons is displayed:

  1. Current profit/loss: in the account currency; 
  2. P/L a percentage of the balance/ in pips / in points:
    the calculation type can be selected using the blue button at the top of the second column;
  3. The number of trades in each category;

Close the trades if the profit / loss (blue switch) exceeds the specified value:

  1. In the account currency;
  2. Percentage of the deposit;
  3. In pips;
  4. In points; 

(The type of profit calculation can be selected using the blue switch to the right of the input window).

To the right, the green(for profit) / or red (for loss) button will show the number of trades that fit the specified condition.
When you click on this button, the trades will be closed.

For pending orders:

  • [Delete limit orders]: Click to delete all limit orders;
  • [Delete stop order]:  Click to delete all stop orders;

2) Manual change of trades to breakeven [- Move SL to BE now -]: the SL level will be moved to the entry price:

First, select 1 of the 5 categories of trades:

  • All trades [ALL];
  • Buy trades [longs];
  • Sell trades [shorts];
  • If the profit exceeds the specified value:  [if profit > than:]
  • a)Percentage of the Balance;
  • b)Profit in the account currency;

If there are profitable positions according to the specified criteria, the button below will be active:
After clicking this button, the SL of the selected trade category will be moved to the entry price level.

3) Activation of monitoring trades for their automatic break-even, if the specified condition is met:

  1. Select the Symbol / or ALL Symbols (at the top of the panel);
  2. Set the condition for automatically changing profitable trades to breakeven:
  • Profit in a percentage of the total balance;
  • Profit in monetary equivalent (currency is determined automatically);

      2. Then click [ON]: automatic monitoring will be activated;

      3. Information about active monitoring will be displayed at the screen;

      4. To cancel auto Breakeven, click on the red cross [X];

Managing a separate order:

  1. Activate the display of order selection buttons on the chart: [chart buttons] switch at the top of the panel.
  2. Then selectors for all active and pending orders will appear on the chart: they show the entry price, floating profit, and lot size;
    (for pending orders, the OCO id is displayed, if available).
  3. When you click on the selector, an additional panel for managing the selected trade will be displayed.

Individual order control panel:

  1. General information: Order number, symbol, lot size, entry price, TP, SL, R/R ratio;
  2. Change the TP / SL levels:
  • TP and SL can be set as: price / size in pips / size in points (to select, use the blue switch): if the parameters are entered correctly, the green [Modify TP / SL] button will be active: when you click on it, the SL/TP levels will be changed.
  • If the trade already has a specified TP or SL level, a red cross[X] will be active on the right: when you click on it, the TP/SL level will be deleted.
  • If the trade is in profit, and the SL level is below the breakeven level, then the green button [Move SL to BE] will be active: when you click on it, the SL level will be moved to the entry price level.

      3. Close order:

1.Active trades:

  • First button: click to close the trade entirely (the button displays the floating profit/loss and changes color depending on the result);
  • Partial closing of a position:
    1. Set the volume to close: as a percentage of the entire position / or a specific lot size to close;
    2. The button below will show the lot that will be closed, as well as the potential profit/loss;
    3. When you click on this button, the trade will be partially closed.

2.Pending orders:

  • If the trade does not have the specified CO id, then only 1 button will be available: after clicking on it, the pending order will be deleted.
  • If the order has the specified OCOO id, a 2nd button will also be available to simultaneously delete all pending orders with the same OCO id.



III. Indicators and auxiliary tools for convenient trading [<Tool> tab]:

This section contains 14 additional tools that can be useful for certain actions of the trader, thereby simplifying and speeding up the trading process.

  • Each of the auxiliary tools can be turned on/off individually by clicking on the corresponding green button.
  • To keep the indicators/utilities active even when switching to another tab, activate the [Always On] option.
    In this case, the indicators will remain active even if you collapse the main panel.
  • To turn off all the indicators at once, click on the [Disable All] button.

Below I will describe each of the indicators/tools separately:

TAB 4: Indicators + tools

Tab 4: Indicators + Tools


1. Price Action Indicator:

The indicator displays the most important Price Action patterns that indicate a potential reversal or continuation of the trend.

Avaliable candlestick patterns:

  1. Pin bar;
  2. Engulfing;
  3. Inside bar (Harami);
  4. Morning star;
  5. Evening star;
  6. Dark Cloud Cover;
  7. Piercing Line;
1: Price Action Indicator

In the indicator settings (“v” button), you can:

  1. Disable unnecessary patterns, so that they will not be displayed.
  2. Enable the mode of filtering patterns by the current trend.
    When this filter is activated, only the patterns that correspond to the direction of the current trend will be displayed.
    The trend is determined by moving averages: their parameters can also be changed.
  3. Enable the mode of filtering patterns in the direction of the previous bar on the current timeframe.
  4. Enable filtering of patterns in the direction of the last closed bar on a higher timeframe (M15 when trading on M5, H1 when trading on H1, and so on).
  5. Enable notifications: terminal alerts / email / to the mobile device (tothe mobile MT4 / MT5 terminal).
    For the correct operation of e-mail and mobile notifications – please check the general settings of the terminal.

1: Price Action Indicator: settings

An advanced pattern setting mode is also available, which allows you to adjust the patterns for the best results:
Blue [< Show advanced settings >] button.


Advanced settings:
in this mode, you can configure each of the 5 pattern types individually.

A rough visualization of what the pattern will look like is displayed on the left.

When you change the parameters, the appearance of the patterns will change.
You can always reset the settings to their original settings by pressing “reset” button (at the top of the panel).

1. Price Action Indicator: Advanced Settings


2. Future Bar Indicator:

The indicator shows the currently forming candle of the selected time frame.

2. Future Bar Indicator

In the indicator settings (“v” button), you can:

  1. Select the timeframe that will be used to display the future bar;
  2. Using the blue “<“ and “>” buttons – move the future pair to the left or right relative to the current bar on the chart;
    (if you don’t see the future bar after changing the chart, try zooming out the chart away and changing the bar shift).
  3. Enable / disable the display of the countdown to the closing time of the future bar;
    (the timer will be displayed at the bottom of the chart).

2. Future Bar: Settings


3. Countdown Utility:

The utility shows the countdown to the closing time of the selected bar.

The timer is displayed at the bottom of the chart.

The TimeFrame can be selected in the utility settings  (“v” button).

3. Countdown utility


4. Bar size Indicator (marking of large bars):

In the indicator settings (“v” button): You need to set the size of the bar (in points).

All bars whose size is equal to or exceeds the specified value will be marked on the chart, indicating its size.

4. Bar Size Indicator

This indicator:

  • convenient for filter patterns in a period of low volatility;
  • indicates the potential beginning of a new trend;
  • helps to see the most significant bars;
  • can be used when trading binary options;

5. Automatic Support and Resistance levels: 

The indicator displays the extremum levels of the selected time frames.

  • The resistance level is the maximum price of the last closed bar;
  • The support level is the minimum price of the last closed bar;

5. Auto Support / Resisatnce

In the indicator settings (“v” button), you can set

  1. Select the TimeFrames, the levels of which will be displayed on the chart, and turn off the unnecessary ones.
  2. Use the lower switch to select the calculation mode: Real bodies (Open/Close prices), or shadows (High/Low prices).
5. Auto Support / Resistance: Settings

The style, thickness, and color of the lines for each time frame can be set in the initial settings of the utility.

This indicator:

  • helps you see potential reversal levels;
  • patterns formed near the levels may have more significance;
  • when working on a lower timeframes, it allows you to see the overall picture;

6. Automatic Fibonacci levels: 

The indicator automatically draws the Fibonacci levels based on the last closed bar on the selected timeframe. 

The extremes (0% and 100% levels) are the High and Low prices.
6. Auto Fibo Levels

In the indicator settings (“v” button), you can

  1. Set the TimeFrame that will be used for the calculation (you can also select the “Current”, and the levels will be adjusted when switching the time frame of the chart).
  2. Customize the fibonacci levels:
    a) 5 main levels: if necessary, you can disable any of them (The 0% and 100% levels will always be displayed, they cannot be disabled).
    b) 6 Up extension levels: if necessary, you can disable any of them;
    c) 6 Down extension levels: if necessary, you can disable any of them;
  3. When you click on the “reset” button, you can reset the levels to their original settings (classic Fibonacci levels).
6. Auto Fibo Levels: settings

The style, thickness, and color of the lines for for each of the three Fibo level categories can be set in the initial settings of the utility.

This indicator:

  • helps you see potential reversal levels;
  • patterns formed near the levels may have more significance;
  • significantly saves time spent on manual level plotting;

7. Price Gap Indicator: 

The indicator displays the appearance of a gap on the chart (when the closing price of the previous bar differs from the opening price of the new bar).

In the indicator settings (“v” button), you can configure:

  • The size of the gap (in points): only gaps that exceed this value will be displayed.

7. Gap Indicator


8. Money Meter [$$ Meter]: 

The indicator displays the levels of potential profit/loss when trading using a given lot size.

8: Money Meter

In the indicator settings (“v” button), you can set:

  • Lot size (there is also an option to auto-set the last used lot);
  • Grid step: percentage / amount of money (green switch);
  • Number of levels for each direction;
  • Risk calculation for the current  account balance  / or for the  free margin;

The style, thickness, and color of the lines can be set in the initial settings of the utility.

8. Money Meter: Settings


9. Multi TimeFrame Indicator:

The indicator allows you to analyze up to 3 additional charts of other timeframes, without switching the main chart.

In the window that appears, you can configure:

  1. The period of the 1st chart (left);
  2. The period of the 2nd chart (center);
  3. The period of the 3rd chart (right);
    (Each of the timeframes can be disabled);
  4. The number of bars for each timeframe.
    Maximum number of bars:
    a) With 3 active charts: 30;
    b) With 2 active charts: 45;
    c) With 1 active chart: 90;

The indicator opens in a separate window:

  • The window can be moved to any place on the chart (using the [<M>] button).
  • The window can also be minimized to save space ([<^>] button).

9. Multi Timeframe


10. Market Sessions Indicator:

The indicator displays the working hours of the world’s exchanges.

The vertical line moves as the day progresses and displays the current time, allowing you to see which markets are currently most active.

This indicator:

  • Helps to select the most volatile trading instruments at the moment;
  • Especially useful for intraday traders;

Displayed sessions:  Sydney, Tokyo, Hong Kong, London, New York, Chicago.

10: Market Sessions

Important: for the indicator to work correctly, you need to set the broker time difference compared to Greenwich mean time: in the initial settings of the utility (the second line in the settings).

The broker’s time can be found at the top of the “MarketWatch”section” (View > Market Watch [or CTRL+M]).

For example, if the broker’s time is now 16:30:00 and the Greenwich mean time is now 14:30:00, the parameter value should be [2] (2 hours difference).
If the difference is negative, do not forget to specify the sign of minutes before the number (If the broker time is now 13:20:00, and Greenwich mean time is now 14:20:00, the parameter value should be [-1]).

Greenwich mean time can be found on the website: https://time.is/GMT

The indicator opens in a separate window:

  • The window can be moved to any place on the chart (using the [<M>] button).
  • The window can also be minimized to save space ([<^>] button).

11. Profit(loss) counter:

The utility calculates the profit / loss of all open trades, grouping them into 2 categories: Buys and Sells.

The trading symbol and the floating profit are displayed.

The type of profit calculation  can be selected at the top of the panel:

  • pips;
  • points;
  • %: percentage of your account balance;

The total result for all open trades is shown below.

Using the “Alert” button, you can enable a notification that the floating profit / loss exceeds the value you set.

The utility opens in a separate window:

  • The window can be moved to any place on the chart (using the [<M>] button).
  • The window can also be minimized to save space ([<^>] button).

11: Profit Count


12. Status bar:

The utility displays important information at the bottom of the chart:

  1. Local time (on the computer);
  2. Current spread;
  3. Swap for Long trades (buys);
  4. Swap for Short trades (sells);

Optionally, the status of some utility functions will be shown, if they are active:

  • Active automatic breakeven function, and its parameters;
  • Notification of active price alerts;
12. Status Bar


13. Bar direction Indicator:

The indicator shows the direction of the last closed bars on all timeframes.

  • Red square means that the Close price is lower than the Open price (Close<Open); 
  • Green square means that the Close price is higher than the Open price (Close>Open);
  • Blue square means that the Close price is equal to the Open price (Close=Open);

This indicator:

  • Helps to see the overall market trend;
  • Useful when trading binary options;
  • Useful for finding corrective movements;

The Indicator opens in a separate window:

  • The window can be moved to any place on the chart (using the [<M>] button).
  • The window can also be minimized to save space ([<^>] button).

13: Bar Direction Indicator


14. Price alerts Utility:

Utility for setting notifications when a given price level is reached.

The alert can be set in three ways:

  1. Manual entry of the price level;
  2. Setting the price change: in percent / in pips / in market points;
  3. By moving the level with the mouse: there is also a magnet function, when activated, the level will snap to the nearest OHLC values;

Optionally, you can enable / disable each type of alert:

  1. Notifications in the terminal;
  2. Email notifications;
  3. Push-notifications to your mobile device;

Additional features of the utility:

  • Option to set the alert lifetime: when activated, the notification will be automatically canceled after the specified time (minutes / hours / days);
  • Option to display alert levels on the chart;
  • Quickly delete all existing alerts, or delete each one individually;
14: Alerts utility

Advantages of the interface:

  1. Option to invert the magnet while moving the alert: (press and hold the [TAB] button on the keyboard to turn the magnet on/off while moving the alert level);
  2. There is an option to close the main panel and leave only the quick alert button [+Alert] (in the lower right corner of the chart): [_] button when the panel is collapsed]
  3. The utility displays not only the price level of the alert: in the right input field, you can see the difference compared to the current price (in percent / in pips / in market points);
  4. Option to quickly invert the alert in the opposite direction from the current price;

The style, thickness, and color of the alert lines can be set in the initial settings of the utility.

The utility opens in a separate window:

  • The window can be moved to any place on the chart (using the [<M>] button).
  • The window can also be minimized to save space ([<^>] button).

Important: Since the assistant provides for the possibility of manually opening and closing positions, the program file must be placed in the “Experts” directory! Otherwise, the program will not work.

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