The best scripts for Forex
The trading process, depending on the trader's tactics and trading style, requires performing numerous routine actions daily, which significantly take up our time.
Calculating a trading lot, calculating zones for placing 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, for long-term traders the loss of time is not so noticeable, then if you use a grid or scalping strategy, you simply can’t do without special assistants.
Today, hundreds of different scripts have been created that perform various 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 trading on the news, since after the release of fundamental data, the market, as a rule, breaks one of two oppositely directed orders placed at a certain distance from each other.
In the script settings, you can set the profit, stop order, position volume, and, most importantly, the offset in points from the price.
2) CLEAR script – is a universal assistant that allows you to significantly speed up your trading.
Using various advisors, strategies, and complex indicators leads to your terminal becoming cluttered with various junk, and its performance slows down visibly.
It's worth noting that no matter how powerful your computer is, if the terminal is clogged, you'll experience slow switching between charts and time frames, constant glitches when applying indicators, and, worst of all, slow order opening, closing, and modification.
Once you apply the CLEAR script to the chart, it will clear your terminal of junk in a matter of seconds and return it to its original state.
3) Take Profit Script for Pending Orders – This is another assistant that allows you to significantly simplify the life of traders who use pending orders and various grid strategies in their strategy.
The script allows you to set profits for all pending orders you have opened in a matter of seconds, rather than performing this operation for each order in a special order opening window.
4) Breakeven Script – an excellent assistant for every trader who wants to secure their own trading and minimize risks.
All traders sooner or later encounter a situation where the price moves toward profit, but suddenly reverses, knocking out your stop loss in a matter of seconds. To minimize risks, the Breakeven script moves your stop order to the entry price, preventing losses in such a situation.
In addition to dragging the stop order, the script can set a take profit and stop for each trade you open and support it in the manner described above.
5) Script Helper – This 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, allowing you to open buy and sell positions with a single click, set a breakeven point, trailing stop, set the stop order and profit size for each trade, and also the volume of the trade.
In addition to opening standard orders, the script allows you to place limit and stop pending orders and fully modify them.
The script will be especially useful for traders using active trading strategies that require lightning-fast reactions from the trader.
6) Script for closing all orders – a universal assistant that allows you to close all open orders, both market and pending, in a matter of seconds.
The script will be especially useful for all traders who practice run-rate trading and loss averaging using martingale.
In conclusion, it's worth noting that the above list of scripts is universal and allows you to cope with the difficulties and routine work inherent to all categories of traders, regardless of their tactics.
