Trade Assistant MT4
Trade Assistant MT4 is an expert advisor (EA) designed to assist traders by automating various aspects of the trading process on the MetaTrader 4 (MT4) platform. This EA aims to enhance trading efficiency, reduce manual errors, and provide valuable tools for better decision-making in the forex market.
Original price was: $100.$20Current price is: $20.
What is Trade Assistant MT4?
“Trade Assistant MT4” likely refers to a tool or indicator designed for use with the MetaTrader 4 (MT4) trading platform. MetaTrader 4 is a popular trading platform widely used by forex traders and others in the financial markets.
Trade Assistant tools in the context of MT4 are often custom indicators or scripts that traders use to assist them in analyzing the market, making trading decisions, or managing trades. These tools can have various functionalities, such as providing signals based on technical analysis, offering risk management features, or automating certain trading tasks.
Key Takeaways:
Line function
– shows on the chart the Opening line, Stop Loss, Take Profit.
With this function it is easy to set a new order and see its additional characteristics before opening.
Risk management
– The risk calculation function calculates the volume for a new order taking into account the set risk and the size of the Stop Loss order.
It allows you to set any size of Stop Loss and at the same time to observe the set risk.
Lot calc button – enables/disables risk calculation.
In the Risk field set the necessary value of risk in percent from 0 to 100 or in the deposit currency.
On the Settings tab select the variant of risk calculation: $ Currency, % Balance, % Equity, % Free Margin, % Custom, % AB prev Day, % AB prev Week, % AB prev Month.
R/TP and R/SL – sets the relation of Take Profit to Stop Loss.
This allows you to set the size of the profit relative to the loss.
For example 1: 1 – this means the size of TP = SL,
2 : 1 – this means that the TP is twice as big as the SL.
RR – on/off the ratio.
Orders management
- The panel supports market and pending orders.
- Trade time manager – opening or closing by time.
- Close position by parts – closes a part of the order as a percentage of the set volume.
- Trailing Stop – 7 options for managing Stop Loss orders (in pips, Fractals, MA, Parabolic SAR, ATR, Partial Close, High Low Bar).
- Breakeven – moving the Stop Loss to a level without a loss.
- Limit Order Trailing – moves the Limit Order following the market price at a distance.
- OCO Order – function of cancellation of several pending orders, if one of them is activated.
- Virtual pending orders.
- Virtual Stop Loss and Take Profit – Hide SL TP.
- Closing of positions by order type.
- Closing of positions when a specified profit is reached.
Additional functions
- Symbol switch – changes the symbol of the current chart (or it is enabled separately for all charts).
- Hotkeys – trade functions and chart control are available.
- Notification when support and resistance lines are broken.
- Screenshot of the chart – when clicking the button on the toolbar or automatically.
Trade Assistant MT4 Review:
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The EA SEtting
EA: Trade Assistant MT4 V_9.8
Currency pair: ANY
Time frame: ANY
INDICATOR : NO,
SetFiles: NO,
Minimum deposit: $200
Recommended leverage: from 1:500 or more
Recommended account type: tight spread
Conclusion:
Trade Assistant MT4 is a support tool designed for the MetaTrader 4 (MT4) trading platform, one of the most popular platforms in the forex and financial markets. This tool is often a custom indicator or script used by traders to aid in market analysis, make trading decisions, or manage trades. It typically offers various functionalities, such as providing signals based on technical analysis, incorporating risk management features, or automating specific trading tasks.
It’s essential to note that Trade Assistant MT4 tools are often developed by different creators, and their effectiveness can vary. Traders should exercise caution, conduct thorough research, or test any tool before integrating it into their trading activities.
If you are interested in a specific Trade Assistant MT4 tool, refer to the developer’s documentation or the platform where you found it for detailed information about its features and usage.
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