Easy Trade Panel Expert for MetaTrader 5
This expert consists of two panels: the first panel is for executing trades, setting volume, and managing risk and reward, while the second panel is for position management.
Easy Trade Panel Expert at a Glance The Easy Trade Panel Expert is an advanced trading tool that enables traders to professionally manage their trades. Offering unique and practical features in a streamlined panel, it simplifies the process of managing capital and trades, making it easier to control and manage trades effectively.
With this tool, traders can preserve their profits, avoid potential losses, and have greater control over their positions. Key features include the ability to set multiple take profit levels (Multiple TP) and calculate risk to reward visually (Visual), both of which are valuable for trading decisions.
Buy Trades Using the Easy Trade Panel Expert in an Uptrend In the 1-hour chart for the EUR/USD pair, a buy position has been executed using the Easy Trade Panel Expert. T
raders can initiate buy trades in real-time by clicking the Buy option, and for pending orders, the Buy.P option allows traders to set pending orders.
Managing a buy position using the Easy Trade Panel Expert Sell Trades Using the Easy Trade Panel Expert in an Uptrend In the 15-minute chart for the EUR/JPY pair, a sell trade has been executed using the Easy Trade Panel Expert’s features [defining stop loss and profit based on trade volume].
With this expert, traders can adjust entry volume and set stop losses based on the following criteria:
Pip amount; Balance percentage; Dollar amount. Additionally, features like Trailing Stop, BreakEven (Risk-Free), and Partial Close can be utilized for sell trades.
Managing a sell position in MetaTrader 5 using the Easy Trade Panel Expert
Easy Trade Panel Expert Settings Below are the settings available for the Easy Trade Panel Expert:
Custom settings for the Easy Trade Panel Expert in the S&P 500 chart Setting Time to the next bar: Displays the remaining time until the current candle closes; One Click Trading: Enables/disables trading without confirmation; Having Take Profit: Enables/disables Take Profit in trades; Having Stop Loss: Enables/disables Stop Loss in trades; Virtual TP & SL: Enables/disables virtual trades; Partial Close: Enables/disables partial closing of 50% of trades; Show all TP & SL: Displays trades from the server to the expert list. Order Buy and Sell: Executes buy and sell trades in real time; p and sell.p: Executes pending buy and sell orders. Lot N/A: Select volume size. Risk SL Type: Select Stop Loss based on dollar amount ($), balance percentage (%), or pip value (P). Reward Single TP RR: Select risk-to-reward ratio; Multiple TP: Select multiple take profit levels with specified amounts. PM B All: Select “Risk Free” for all profitable trades; C All: Close all positions; C Last: Close the last position; Visual: Display visual risk-to-reward ratio; Position Management: Toggle the visibility of the position management panel.
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