Scripts, Tools and Experts for support of the semi automatic and manual trading for MetaTrader®4
In this area you will find many useful tools around semi automatic trading. These tools support the ambitious trader with the execution and control of his trades.
For these tools there are accordingly no back-tests, because they are not designed for the fully automatic use similar to the Magic-Champ II. The aim of the tool is to facilitate, quicken and partially automate the trading procedures.
As one example the One-Click-Trader enables a very efficient and comfortable trading instead of using the sophisticated and laborious order screens from MetaTrader. With a single click you are able to open and close positions in a fraction of a second. Another example is the Visual-TradeManager which is very helpful for precise planning of trades including a sound money management. By placing visual lines in the chart you can easily define the TP / SL / Trailing - SL as well as price levels at which positions can be closed partly.
None of the tools is the ultimate or best tool, but rather it depends on you as a trader on which aspects you need for your trading style and if the trading can be simplified / supported by a semi- automatic tool.
One-Click-Trader
• Trading-Tool for real One-Click-Trading in MetaTrader4! Programmed for maximum performance with trading:
• Order opening and order closing per One-Click-Trading from the active chart.
• Modification of the Trading-Variables Stoploss, Takeprofit, Trailing-SL, Lotsize or Risk out of the chart! No awkward and time-consuming entering of variables.
• Integrated Fixed-Fractional Money-Management. If you want it, the tool defines automatically the correct lot size at the moment of the order opening.
• Appropriate for all brokers, also for ECN Brokers!
• On request we adapt the expert to your requirements!
Breakout-Trader
Expert Advisor for continuous market surveillance and fully automatic trading of breakouts:
• Fully automatic market surveillance and order execution! Ideal for semi-automatic trading.
• Flexible adjustment of TakeProfit and StopLoss depending on volatility and scenario.
• Trailing Stoploss can be activated for huge outbreaks, when many points can be taken very fast and these shall be secured in the return flow.
• Different Breakout Styles can be selected:
Breakout without confirmation: First tick over (Long) under (Short) the defined breakout level leads immediately to an order execution.
Breakout with confirmation: The closing price of the candlestick is awaited. If for example the 5min chart is selected, it is checked only at the end of the current 5min candle, if the breakout took place and if the rate is still over the breakout level with the start of the new 5min candle. This can avoid breakouts in error.
• Different kinds of automatic determination of the Breakout-Level can be activated:
Dynamic Breakout-Level: The high (Long) and low (Short) of the last n X is always used (e.g. 10) candles. Every new candle moves the range of the calculation one candle ahead.
Static Breakout-Level: The Breakout level which is determined at the start of the Expert Advisor (e.g. of the last 10 candles) is active as long as the breakout takes place, or the EA is started again.
• Universal programming for all broker types, also for ECN- and STP Broker!
• If you want to have an individual extension, ForexInnovation can adapt the Breakout-Trader to your requirements.
• With this tool you do not miss any big market movement!
Visual-TradeManager
This tool supports you when opening, modifying and closing your trade in MetaTrader®4:
• Control of a currency pair, a share etc.
• Existing positions can be controlled or new trades can be opened by the tool.
• Position opening, if the rate touches a displayed line. BuyLimit and SellLimit orders or BuyStop/SellStop orders are possible.
• Automatic calculation of the position size depending on the desired risk.
• you can adapt Stoploss and Takeprofit fast by moving the marked lines in the chart!
• Hidden SL and/or TP possible! The broker does not know the exit price.
• Split your position by predefined partial sales.
• Trailing-SL as well as Breakeven-SL can be activated.
• Closing of positions at certain trading times possible.
• Visual-TradeManager Details:
Multi-Timeframe indicators for Bollinger-Band and Moving-Average
• Gives the possibility of the presentation of information of the Bollinger Bands and the moving average from different timeframes in one timeframe.
• Both indicators can be activated on the chart as often as desired, in order to compact a variety of time levels!
• E.g. in 5min Chart of the EUR/USD all higher timeframes 15min/30min/60min can be faded in.
• This variety of information in one single chart facilitates especially for manual traders and system developers to get much information at a glance.
• For the first time you do not need several charts of one currency pair in order to get an overview over the general view of the chart technical situation!
• Multi-Timeframe Indicator Details:
Visual-Alerter
• Indicator especially for the manual trader for control of price movements! Do never miss again your Set-Up!
• Fully automatic chart control, which is appropriate mainly for the Forex and Indices market.
• Simple and comfortable placement of targeted alarm points for price and/or times directly in the chart by means of movable lines!
• The tool can be used on many charts and allows thus the control of different currency pairs at the same time.
• Continuous display of the connection status to the broker.
• Continuous spread display for the current currency pair – keep an eye on the „market situation“.
• Support for the calculation of the correct position size by display of the price of a lot for the selected currency pair.
• Continuous calculation of the StopLoss – Level for Long and Short concerning the predetermined risk parameters.
• Control and displace of the sum of the profit and/or loss of all positions of the concerned currency pair in points or depot currency.
• Appropriate for all broker types. ECN, STP Broker, Dealing-Desk broker!
