The best scripts for Forex
The trading process, depending on the trader’s tactics and trading style, forces you to perform many routine actions every day, which significantly take up our time.
Calculating a trading lot, calculating zones for setting profit and stop orders, closing a series of orders and setting a grid - all these operations can take up to 50 percent of your trading time every day.
However, if for long-term traders the loss of time is not so noticeable, then if you use a grid or scalping strategy, you simply cannot do without special assistants.
To date, hundreds of different scripts have been created that perform certain tasks for traders.
1) Script SET 2 STOP ORDERS is a trading tool that allows you to place pending stop orders in two directions simultaneously.
This script will be especially useful for traders who practice news trading, since after the release of fundamental data, the market, as a rule, breaks one of two multidirectional orders placed at a certain distance from each other.
In the script settings you can set profit, stop order, position volume and, most importantly, the offset in points from the price.
2) CLEAR script is a universal assistant that can significantly speed up the speed of your trading.
The use of various advisors, strategies and complex indicators leads to the fact that your terminal is clogged with various garbage, and its performance decreases before your eyes.
It is worth noting that no matter how strong your computer is, if the terminal is clogged, you will observe slow switching between charts and time frames, constant glitches when applying indicators, and the worst thing - slow closing and opening of orders, their modification.
After you apply the CLEAR script to the chart, in a matter of seconds it will clear your terminal of garbage and return it to its original state.
3) Take profit script for pending orders is another assistant that makes life much easier for traders, using pending orders and various grid strategies in its strategy.
The script allows you to set profits in a matter of seconds for all pending orders you have opened, rather than performing this operation with each order in a special order opening window.
4) Script Breakeven – an excellent assistant for every trader who wants to secure their own trading and minimize risks.
All traders sooner or later face a situation where the price went towards profit, but suddenly turned around and hit your stop in a matter of seconds. In order to minimize risks, the Breakeven script drags your stop order to the price opening point, which allows you to avoid losses in such a situation.
In addition to dragging a stop order, the script can set a take profit and stop for each trade you open and accompany it in the above way.
5) Script Assistant is a unique tool that allows you to significantly simplify the process of opening all kinds of orders without launching special additional windows for opening a deal.
This script displays a table directly on the chart with which you can, with one click of a mouse button, open buy and sell positions, set a breakeven point, trailing, set the size of the stop order and profit for each transaction, as well as its volume.
In addition to opening standard orders, the script allows you to place limit and stop pending orders and perform their complete modification.
The script will be especially useful for traders using active trading strategies that require a lightning-fast reaction on the part of the trader.
6) Script for closing all orders – a universal assistant that allows you to close all open market and pending orders in a matter of seconds.
The script will be especially useful to all traders who practice waste trading, as well as averaging losses using martingale.
In conclusion, it is worth noting that the listed list of scripts is universal and allows you to cope with the difficulties and routine work that is inherent in all categories of traders, regardless of what tactics they use.