Trade Assistant MT5
It just so happens that someone trades on Forex, and someone tries to make this trading simpler by creating various programs and Forex scripts.
Today we will talk about the Trade Assistant program, which acts as a trader’s assistant when placing orders.
That is, it helps to place market and pending orders taking into account the risk in relation to the deposit, as well as set the size of stop orders.
That is, now you don’t need to think about the size of the transaction every time you change the amount of funds on deposit, but rather simply set the risk percentage in relation to the balance.
But this is only a small part of the capabilities of the script, which is simply amazing in its functionality and visualization.
Beginning of work
The Trader Assistant is present in the mql5 market, so it can be automatically installed through the MT5 trading platform on the mql5 website.
If for some reason you like the traditional option, then at the end of this article there is a link to download the script file.
The script is added to the Experts folder and after launching the trading platform you will see Trade Assistant in the Expert Advisors section.
basic settings
It should be noted that only the demo version of the script is free, which allows it to be installed on only one asset from each category; for full functionality, you should purchase a paid version:
When adding to a chart, you should allow Change signal settings and Allow automatic trading, and you should also allow Auto-Trading in the platform itself.
In addition, Trade Assistant MT5 has just a huge number of settings, which mainly relate to risk settings, stop orders and visual display:
After adding it to the chart, a control panel for placing orders will appear in its main window, which has several main tabs:
• Trade – on this tab you can set order parameters; when you click on the “Hide lines” button, lines will appear on the chart displaying stop orders and the ability to manage them:
• Close – manages parameters for closing market and pending orders.
• Settings – fine-tuning the parameters of take profit and trailing stop, risk calculator and setting Alerts.
• Info – account information, balance, free margin, profit and margin call and stop out .
There is also information about broker commissions and some other additional settings. In general, everything is quite simple, the script looks like this on the graph:
If you have questions about the settings of Trade Assistant MT5, you can clarify them on the page - https://www.mql5.com/ru/blogs/post/726415 where they are described in more detail.
In general, the script made a favorable impression; its use will help not only to establish the optimal transaction volume, but also to learn how to manage an already open position in such a way as to obtain maximum profit as a result.
Download Trade Assistant MT5