Setting up the MGH Trade Panel – Other – 17 August 2023

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How to use MGH trading panel:

Main panel options:

1. Spread
2. Symbol
3. Decrease and increase volume
4. Direct sell
5. Pending position
6. Step 1(Start% , SL position , Closing volume)
7. Step 2(Start% , SL position , Closing volume)
8. Step 3(Start% , SL position , Closing volume)
9. Cls close by $ or %
10. Time bar
11. Time frame
12. Close all positions
13. Close the 0.01 volume of third step
14. Close the 0.01 volume of second step
15. Close the 0.01 volume of first step
16. Direct Buy

Take Profit and Stop Loss are adjusted according to this option when opening a position. You can change these two parameters by dragging TP and SL after opening position.

If you turn on the option Asking in take order, you need to confirm it before the position is finalized. This option is very helpful for novice traders.

In this case if the price reaches 50% distance from the entry point to the target, the Stop Loss (SL) should be placed at a 10% distance between the entry point and the target, closer to the entry point. When the price reach this point 0.01 of volume will be closed. If you set the value of closing volume to zero, no quantity of position will be closed at this point.
For example, if your target is 100 pips, when the price reaches 50 pips, the stop loss will be placed at 10 pips. If you choose a zero for the stop loss position, it will be risk-free (SL will be placed on entry point), and if you choose -1, the stop loss will not change anymore.
You can manage 3 positions by 3 steps.

By activating the Display info as comment option, we can instantly obtain important information about our positions. This information includes: TP, SL, Buy profit , Sell profit, symbol and timeframe.

Break Even line is a point where the net gain and loss of all open positions is equal to zero.

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