Trade Panel – User Guide – Other – 7 February 2025

Toolbar

1. Collapse toolbar.
2. Settings.
3. Chart screenshot. Settings and screenshot storage location here.
4. Order control panel.
5. Risk manager and Trading report.
6. Info panel.
7. Chart control panel.
8. Trading.
9. OCO orders.
10. General order closure.
11. Tasks.
12. Trailing stop.
13. Breakeven.
14. Partial closure.
15. Alerts.
16. Server time. Using settings you can change the displayed information to:
    • Server time | Time until bar closes
    • Profit in currency
    • Profit in points
    • Profit in currency | Profit in points
    • Profit in currency | Volume of open positions
17. Show/hide Toolbar.
18. Collapse toolbar.

Panel for Trade

“Open” tab

1. Buttons for switching tabs. The number of tabs, their names and contents are configured here.
2. Comment to the order.
3. The method for calculating the order volume.
4. The risk size or the order volume, with the Fixed Volume method.
5. The calculated volume according to the specified risk.
6. Fix the ratio of Take Profit to Stop Loss. The ratio function is applied as follows:
   • if you change the SL size, the panel will automatically change the TP size according to the following formula: TP = SL * Ratio,
   • if you change the TP size, the panel will automatically change the SL size according to the following formula: SL = TP / Ratio.
7. The size of the ratio between Take Profit and Stop Loss.
8. Open an order with Virtual Stop Loss and Take Profit.
9. Button for switching the unit of measurement of Take Profit and Stop Loss (Points/Price).
10. Use the ATR indicator readings for the size of Take Profit and Stop Loss. When you click the button, the panel will set the size of Take Profit and Stop Loss equal to the value of the ATR indicator. The function is configured here.
11. Take profit and Stop loss in points or price (depending on the position of button 9).
12. Buttons for switching to the order opening mode using labels on chart 20.
13. Maximum spread filter. If the current spread exceeds the specified one when the position opening button is pressed, the position opening will be canceled.
14. Buttons for quickly opening positions.
15. Buttons for quickly opening pending orders.
16. Price for opening a pending order (for buttons 15). Can be set in points (distance from the current price to the pending order price), to do this, click on the “Price:” button.
17. Pending order trailing. The panel will move the pending order following the current price. The distance between the price and the pending order is specified in the input field. The panel moves the pending order only in the direction of the current price.
18. Expiration of the pending order. The time upon reaching which the pending order will be deleted.
19. Button for switching to the BuyStopLimit SellStopLimit order opening mode (MT5 only).
20. Labels for opening an order. Used to open an order using lines on the chart. Designed to visualize the location of trading levels on the chart, ensures their accurate installation on support and resistance levels. Configured here.

Volume calculation method

The lot for a new order is calculated in one of six ways:

* The lot size is calculated in such a way that the loss from closing a position by stop loss will be equal to the specified risk value. The utility calculates the lot itself, the trader only needs to set the risk value.
Example:
Lot calculation method: SL in % of balance.
Risk per trade: 3%.
Current balance: $1,000.
With the specified parameters, the loss from a trade when closing it by stop loss will be: $1,000 * 3% = $30.

Volume calculation is configured here.

Virtual Stop Loss and Take Profit

Virtual stop loss and take profit are price levels tied to an order (position). When the current price touches these levels, the position will be closed. Virtual stops perform the same functions as regular stops, they allow you to fix a loss and profit.

What are virtual sl and tp for?
The only purpose of virtual stop loss and take profit is to hide them from the broker. The broker does not see virtual sl and tp and therefore will not be able to knock them out by manipulating the price.

Why does the broker not see virtual sl and tp?
Stop loss and take profit (let’s call them real sl and tp) are stored on the broker’s trading server and are executed by the trading server. Accordingly, the broker knows the location of the stop loss and take profit. Virtual sl and tp are stored in the panel and are executed by the panel. The panel itself monitors the current price, and if the price touches the virtual sl or tp, the panel itself will close the position.

Disadvantages of virtual sl and tp:

• Since virtual sl and tp are executed in the terminal, price slippage is possible when closing a position.
• Since virtual sl and tp are executed by the panel, they will not work if the terminal or panel is turned off.

Virtual stop loss and take profit are configured here.

How to open a position

Method #1:

1. Enter the required parameters: Comment 2, Risk calculation type and risk size 3,4. If you want to replace real TP and SL with virtual ones, enable check 8.
2. Click the “Line Sell” button if you open Sell or “Line Buy” if you open Buy 12.
3. Using labels 20 or fields 11, set the TP and SL prices. If necessary, use the fixed ratio of 6,7, button 9 to switch Price / Point, button 10 if you want to use the ATR indicator as TP and SL.
4. Enable function 13 if you want to open a position only if the current spread is less than the specified one.
5. Click the Open Sell or Open Buy button.

Method #2:

1. Enter the required parameters: Comment 2, Risk calculation type and risk size 3,4. If you want to replace real TP and SL with virtual ones, enable check 8.
2. Enter TP and SL in fields 11. If necessary, use a fixed ratio of 6,7, button 9 to switch Price/Point, button 10 if you want to use the ATR indicator readings as TP and SL.
3. Enable function 13 if you want to open a position only if the current spread is less than the specified one.
4. Click the “Sell” or “Buy” button 14.

How to open a pending order

Method #1:

1. Enter the required parameters: Comment 2, Risk calculation type and risk size 3,4. If you want to replace real TP and SL with virtual ones, enable check 8.
2. Click the “Line Sell” button if you open Sell or “Line Buy” if you open Buy 12.
3. Using labels 20 or fields 11 set the order opening price, TP and SL. If necessary, use the fixed ratio 6,7, button 9 to switch Price/Point, button 10 if you want to use the ATR indicator as TP and SL.
4. Turn on trailing 17 if you want the pending order to follow the current price.
5. Turn on expiration 18 if you want the pending order to be deleted at a specified time.
6. Click the Open SellLimit/ SellStop or Open BuyLimit/ BuyStop button.

Method #2:

1. Enter the required parameters: Comment 2, Risk calculation type and risk size 3,4. If you want to replace real TP and SL with virtual ones, enable the check 8.
2. Enter the order opening price, TP and SL in fields 16 and 11. If necessary, use a fixed ratio 6,7, button 10 if you want to use the ATR indicator readings as TP and SL.
3. Enable trailing 17 if you want the pending order to follow the current price.
4. Enable expiration 18 if you want the pending order to be deleted at a specified time.
5. Click the “SellLimit“, “SellStop“, “BuyLimit” or “BuyStop” button 15.

“Close” tab

1. Partially close all positions.
2. Close profitable positions.
3. Close unprofitable positions.
4. Close all orders and positions.
5. Close Buy positions.
6. Close Sell positions.
7. Close pending Buy orders.
8. Close pending Sell orders.
9. Apply close to all symbols.

How to close orders and positions

To partially close all positions, enter the % to close and click the 1 button.

To close orders and positions of a given type, click the 2, 3, 5, 6, 7 or 8 button.

To close all Orders and Positions, click the 4 button.

To make the panel apply closing of orders and positions to all symbols, enable the checkbox 9.

“Grid” tab

This tab (block) is an addition to the “Open” tab, and is designed to configure the order grid. The order grid will be created when opening an order from the “Open” tab.

If the order grid step is more than 0 – the grid will consist of stop or limit orders (depending on the Type parameter).

If the order grid step is 0 – the panel will open a specified number of orders, at the price of the master order. The order type will be the same as the master order (in this case, the Type parameter is not applied).

How to open multiple orders or positions in one click

1. Set the number of additional orders or positions 3,4 and their volume 5-9.
2. Set Step = 0 (10).
3. Set the calculation method of TP and SL of additional orders or positions.
4. Open a position or order according to the instructions above.
5. After the position or order (master-order) is opened, the panel will open additional positions or orders. The type and price of the order or position opening will be the same as the master-order.

How to open an order grid

1. Set the order grid type (Stop or Limit) 1,2.
2. Set the number of orders in the grid 3,4 and their volume 5-9.
3. Set the step between grid orders 10-12.
4. Set the calculation method for TP and SL of grid orders.
5. Open a position or order according to the instructions above.
6. After a position or order (master order) is opened, the trading panel will open the order grid. The master-order will be the first order of the grid.

“Other” tab

1. Reverse positions:
   • Sell– the panel will close all Sell positions and open one Buy position with a volume equal to the volume of closed Sell positions.
   • Buy – the panel will close all Buy positions and open one Sell position with a volume equal to the volume of closed Buy positions.
   • All – the panel will close all Buy and Sell positions, open one Sell position with a volume equal to the volume of closed Buy positions, open one Buy position with a volume equal to the volume of closed Sell positions.
2. Lock positions. The panel will open an additional position that will make the volumes of Buy and Sell positions equal.
3. Set SL of each position to the opening price of the position. In the field – the value of the SL offset from the opening price of the position.
4. Change Virtual SL and TP.
5. Set TP and/or SL to the common level:
   • Buy SL TP– set TP or SL of Buy positions to the common level.
   • Sell SL TP– set TP or SL of Buy positions to the common level.
   • All SL TP– set TP and SL of Buy and Sell positions to the common level.
6. Distance between TP Buy and SL Sell or TP Sell and SL Buy (only for the All SL TP button).
7. A label with a line indicating the level at which Stop Loss or Take Profit will be set. Displayed after pressing the 5 button.

How to reverse positions

How to lock positions

How to set stop loss of each position to the breakeven price of the position (the opening price of the position).

How to set Stop Loss or Take Profit of positions to the general level

To set Take Profit or Stop Loss of Buy positions to the general level, click the Buy SL TP button. Move the label that appears on the chart to the desired level and click the Modify button.

To set Take Profit or Stop Loss of Sell positions to the general level, click the Sell SL TP button. Move the label that appeared on the chart to the desired level and click the Modify button.

To set Take Profit of Sell positions and Stop Loss of Buy positions, or to set Stop Loss of Sell positions and Take Profit of Buy positions to the general level, click the All SL TP button. Move the label that appeared on the chart to the desired level and click the Modify button. If necessary, set the indent between Stop Loss and Take Profit in the field 6.

To change the virtual Stop Loss and Take Profit, enable the checkbox 4.

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Panel for Risk Manager and Trading Report

Trade report

The tab is intended for analyzing trading results.

1. Tab Trade Report.
2. Show report only from current symbol.
3. Show results of closed trades on chart.

For MetaTrader 5, the trading report is generated based on the entire trading history.
For MetaTrader 4, the trading report is generated based on the list of closed orders from the Account History tab of the Terminal.

Risk manager

The tab is designed to control the risk on the trading account.

1. Current profit in the deposit currency, in % of the balance, and the number of open positions on the current day.
2. Conditions for activating the risk manager.
3. When the condition is activated, display a message on the chart.
4. When the condition is activated, send a notification to the mobile terminal (smartphone). *
5. When the condition is activated, send a message to EMAIL. **
6. When the condition is activated, close all positions on the trading account.
7. When the condition is activated, delete all pending orders on the trading account.
8. When the condition is activated, lock all positions on the trading account (open additional opposite positions that will equalize the volumes of Sell and Buy positions).
9. When the condition is triggered, close the terminal and prohibit its opening until the next date.
10. When the condition is activated, perform all enabled actions and disable the conditions (apply the action only once).
11. Enable the risk manager condition.
12. A field for entering the Profit (Loss) amount, upon exceeding which the set risk manager action will be activated. In each field you can enter both a positive and a negative value (with a minus sign), and the entered value will be used as is.
13. Button for switching the unit of measurement of Profit (Loss) (in the deposit currency or %).
14. Frequency of sending messages. If the value is 0, the message will be sent 1 time.

How to install risk manager

• Select the conditions for activating the risk manager 2 and go to its settings.
• In the settings, specify the action that the panel will perform if the condition is activated 3-9.
• Enable checkbox 10 if the risk manager should be used only once (after activation and execution of the action, the risk manager for the selected condition will be disabled).
• Enter the value upon reaching which the risk manager is activated 12 (if you enter a negative number, enter it with a minus sign).
• Enable checkbox 11.

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Panel for OCO orders

The panel is designed for placing OCO orders.

1. Button for creating an OCO order.
2. List of installed OCO orders.
3. Fields for entering order tickets that will be linked in the OCO order.
4. Button for installing an OCO order.
5. Order labels.

How to create an OCO order

1. Click the “+OCO order” button 1.
2. Enter the ticket numbers in the fields 3, or select orders using the labels 5 (click on the labels of the required orders).
3. Click the OK button 4.

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Panel for General close

The panel is designed to close orders when the total profit or loss of positions reaches a specified value.

The panel consists of two tabs:

• All symbols – is designed to close orders on all symbols.
• Only XXXXXX – is designed to close orders only on the current symbol.

1. A tab for setting up the function of closing orders and positions for all symbols. The function on this tab takes into account the profit of all positions on the account. When the specified profit or loss is reached, the function will close all orders and positions on the trading account.
2. Current profit in the deposit currency and in % of the balance for the selected positions.
3. The type of positions whose profit will be taken into account in the function.
4. The type of positions and orders that will be closed when the function is activated.
5. Close orders and positions when the specified profit in the currency is reached. *
6. Close orders and positions when the specified profit in % of the balance is reached. *
7. Close orders and positions when the specified loss in currency is reached. *
8. Close orders and positions when the specified loss in % of balance is reached. *
9. A tab for setting up the function of closing orders and positions for the current symbol. The function on this tab takes into account the profit of positions opened on the current symbol. When the specified profit or loss is reached, the function will close orders and positions on the current symbol.

* In each field you can enter both a positive and a negative number. A negative number must be entered with a minus sign.

How to set the function of closing orders and positions when a specified profit or loss is reached

1. Go to the “All Symbols” tab 1 to account for profits and close orders and positions on all symbols. Go to the “XXX Only” tab 9 to account for profits and close orders and positions on the current symbol only.
2. Select whose profit will activate the function 3.
3. Select which types of orders and positions the function will close when activated 4.
4. Enter the amount of profit or loss, upon reaching which the function will be activated 5-8 and enable the checkbox to start the function.

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Panel for Setting tasks

The panel is designed to set tasks for opening and closing orders. The task is activated when the specified time is reached or when the price touches the line set on the chart.

1. Task type.
2. Task activation condition:
   • Trend line – the task is activated when the current price touches the trend line.
   • Horizontal line – the task is activated when the current price touches the horizontal line.
   • Time – the task is activated when the specified time is reached (the time is indicated by a vertical line).
   • Task activation – the task is activated when another task is activated (selected from the already set tasks).
3. Method of touching the current price of the task line (only for trend and horizontal lines).
4. Activate the task after the price rolls back to the line (only for trend and horizontal lines):
   • “Rollback – bar close” – when this option is enabled, the task will be activated when the following consecutive events occur:
     1. the price crosses the line and the bar closes on the opposite side of the line.
     2. then, after breaking the line, the price rolls back to the line and touches it (touch by the selected method).

     More than one bar can close behind the line, this does not cancel the task.

   • “Rollback – points” – when this option is enabled, the task will be activated when the following sequential events occur:
     1. the price crosses the line and moves away from the line by the specified distance in points (field 1).
     2. then, after breaking the line, the price will roll back to the line and touch it (touch by the selected method).

     The price may move away from the line by more than the specified distance, this does not cancel the task.

5. Delete task:
   • Delete task when specified time is reached.
   • Delete task when specified Bid price is reached.
   • Delete task when specified Ask price is reached.
6. Color of the task line.
7. Comment for the order.
8. The method of calculating the order volume and the field for entering the risk.
9. Calculated order volume.
10. Fix the ratio between SL and TP.
11. Fields for entering TP and SL.
12. Profit/Loss when TP and SL are triggered.
13. Button for setting the task.
14. Type of order or position to be opened or closed.

How to set a task

1. Select the task type (open or close).
2. Select the order or position type 14.
3. Select the activation conditions 2. For lines – set to the required level, for “Task activation” select the task.
4. For lines, if necessary, enable touch on Rollback 4.
5. If necessary, enable the conditions under which the task will be deleted 5.
6. Set the color of the task line.
7. For a task to open an order or position, set its parameters 7-11.
8. Click the OK button 13.

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