【MT5 Discretion Tool】8 selectable products: Introducing new features currently in development
Table of Contents:What can be doneConcernsProduct comparison tableWho this is forOther features▶ See price and comparison table
※ You can view from any section by clicking the Table of Contents.
We introduce two new features currently under development.
These are features planned to be standard in the BASIC/BASIC PLUS/PRO models of this series.
If shown as an image, it will look like this.
■ AUTO TP/SL
When you add a position, TP/SL can be automatically setto be updated (as shown on the left image).
When you add a position, TP/SL can be automatically setto be updated (as shown on the left image).
You will be able to standby before enteringand prepare.
TP/SL values will be recalculated automatically for all positions whenever added positions exist, based on the target value in pips/amount, keeping all positions aligned to the target value.
When entering during initial market moves or sudden movements including indicators,you can automatically set SL and TP right after entryto reduce risk and aim for quick profits.
Furthermore, when repeatedly averaging down,you won't need to manually redo SL/TP settings tediousevery time.
From the preview line (right side of the chart), you could always move the line tobulk-set TP/SL on the chart, but with additional features, you can now use multiple new functions in a Preview Menu.Before entering, you can understand profit/loss in advance and calculate LOTsThis allows you to quickly verify how much profit or loss would be based on the planned entry LOT when you move the line.
[TP/SL Settings]
Bulk set TP/SL on the chart as before with line prices
[Virtual Trade]
If you enter a new or add a position with, say, 0.35 LOT, you can see estimated P/L on the preview line. It will also calculate the MAX LOT you can enter under specified conditions. It becomes possible to understand total P/L before a new or added entry.
[Target Price Calculation]
You can derive the target price level from the target profit/loss.
Please note that the features introduced this time are still under testing and have not yet been released. We are in the final stages of development, but please allow a little more time.
At release, the corresponding series will undergo a price revision.
For the Basic version, we are considering an increase of around 4,000 yen.
In FX as well as gold
Please try the free version to your heart’s content.
From the product comparison table, you can choose the most suitable tool.
The BASIC model already has sufficient functionality.
We would appreciate you comparing with other products as well.
Since I use it every day, I will continue updating it.
※ If text is hard to read, change the video settings to 1080p for clearer viewing.
■ What can be done
Judgments are made by the trader, and we support from verifying the necessary information to configuring and processing payments. All features are designed to make it easier for discretionary traders to implement their own rules.
✓
One-click bulk setting of SL/TP for all positions
✓
Automatically set SL/TP by specifying target profit and permissible loss
✓
Display break-even price including spread, fees, and swap (All-In BE line)
✓
Show estimated P/L for multiple positions at arbitrary prices
✓
Drag the profit Preview Line and set TP/SL on the chart directly
✓
Auto-close by time / candles / MA cross
✓
Display MA on 1H, 4H, daily, weekly, or monthly charts selectively without changing charts
✓
Enter key for immediate all-positions close
■ To reduce the occurrence of “I knew it, but I couldn’t do it”
The regret in trading is not only when the market moves against you.
“I decided to exit, but waited hoping it would move a little more.”
“I decided to cut losses, but procrastinated to avoid realizing the loss.”
“I intended to set SL, but the process of applying it to multiple positions was too tedious.”
“I thought I checked the higher timeframe, but I overlooked an important MA.”
“While asleep or at work, I couldn’t respond at the planned time.”
This product is a tool to help you implement your own rules.
Bulk settings, profit/loss lines, automatic settlement, higher-timeframe MA display, key settlement.
At first glance, these seem like different features, but they all share
“I knew it, but couldn’t do it”being reduced, even a little.
■ Do you have these experiences?
【Bulk Management】
・When delaying TP/SL settings for multiple positions, prices moved and you missed the entry
→“If I had set it then, I wouldn’t have lost as much,” and you regret after the loss.
→“If I had set it then, I wouldn’t have lost as much,” and you regret after the loss.
・Even after deciding target profit and permissible loss, you don’t know the TP/SL setting price
・Want to retreat at cost basis or small profit, but don’t know the break-even price including all expenses
・“At this price, what is the overall P/L” cannot be judged immediately
・Want to retreat at cost basis or small profit, but don’t know the break-even price including all expenses
・“At this price, what is the overall P/L” cannot be judged immediately
【Settlement】
・Even with settlement rules, you cannot keep them due to emotions or circumstances
- At work, unable to view charts, couldn’t settle before the indicator release
- Planned to cut losses when the next candle reverses and closes, but couldn’t decide
- Planned to exit if price breaks 20MA, but watched without acting
→ Indecision and hesitations that interfere with rules can erode profits and capital
- At work, unable to view charts, couldn’t settle before the indicator release
- Planned to cut losses when the next candle reverses and closes, but couldn’t decide
- Planned to exit if price breaks 20MA, but watched without acting
→ Indecision and hesitations that interfere with rules can erode profits and capital
【Chart Analysis】
・Switching charts many times to check higher-timeframe MA is tedious
・Even when you focus on a higher-timeframe MA, you may forget it and realize it only after a price reverses
・Even when you focus on a higher-timeframe MA, you may forget it and realize it only after a price reverses
【Settlement Operations】
・When a move changes profits by only a few pips, even a slight cursor drift closes the settlement menu and you cannot focus on price moves
■ Product Comparison Table
| Product Name | SL/TP | Key Settlement | Profit/Loss Line | Auto Settlement | MA Line Display | Price | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Button Bulk Settings | Line Drag Settings | Profit Break-even BE | Estimated Profit/Loss | MA Cross | Candlesticks | Time | ||||
| 1 Click PROThis product Bulk setting [SL/TP] & Auto settlement [MTF MA Cross・Specified time・Specified candle] MT5 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 13,980円 |
| 1 Click PLUS Bulk setting [SL/TP] & MTF MA line display MT5 | ✓ | ✓ | ✓ | ✓ | ✓ | – | – | – | ✓ | 8,980円 |
| 1 Click BASIC Bulk setting [SL/TP] MT5 | ✓ | ✓ | ✓ | ✓ | ✓ | – | – | – | – | 7,480円 |
| 1 Click AUTO Auto settlement [MTF MA Cross・Specified time・Specified candle confirmation] MT5 | – | – | – | – | – | ✓ | ✓ | ✓ | ✓ | 6,980円 |
| 1 Click MTF MA Auto settlement [MA Cross] & MA Line Display MT5 | – | – | – | – | – | ✓ | – | – | ✓ | 3,980円 |
| 1 Click CANDLE Auto settlement [Specified candle confirmation] MT5 | – | – | – | – | – | – | ✓ | – | – | 1,680円 |
| 1 Click TIME Auto settlement [Specified time] MT5 | – | – | – | – | – | – | – | ✓ | – | 1,680円 |
| 1 Click MTF MA Line Display MT5 | – | – | – | – | – | – | – | – | ✓ | 1,880円 |
※ Clicking the product name will link to each product page.
■ Who this is recommended for
①
Traders who hold multiple positions
simultaneously
simultaneously
②
Discretionary entry
＋ rule-based settlement
＋ rule-based settlement
③
Upper-timeframe analysis
emphasis
emphasis
【Traders who hold multiple positions】
(averaging down, pyramiding, hedging, split entries, etc.)
When there are multiple positions, new concerns appear that aren’t present with a single position.
・Cannot bulk-change SL/TP
・Don’t know the price to retreat at cost basis or small profit
・Even after deciding target profit and permissible loss, you don’t know the TP/SL setting price
・When price moved to arbitrary levels, you don’t know total profit/loss
・Don’t know the overall break-even point for all positions
What this EA can do:
✓Bulk set SL/TP for all multiple positions with amounts/pips/price specifications
✓Auto-set SL/TP by entering cost basis or arbitrary profit amount/pips(If cost basis retreat, just enter 0 yen or 0 pips)
✓Display the cost-basis retreat price for all multiple positions (All-In BE line)
✓Show estimated P/L for multiple positions at arbitrary prices
✓Drag the Profit Preview Line and set TP/SL on the chart directly
✓Enter key for immediate all settlements (focus on the chart)
・Bulk settings are not only to speed up work. They reduce omissions and input errors and facilitate executing the decided risk management.
・All-In BE line and Profit Preview line are not just for displaying lines. By dragging the lines and seeing the estimated total P/L, you can decide where to settle and apply that same price to TP/SL for all positions in one go, completing the process from verification to setting on the chart.
・Enter-to-settlement is not just to speed settlements. It is designed to reduce the tendency to focus on the mouse cursor instead of the price movement you should actually observe.
・All-In BE line and Profit Preview line are not just for displaying lines. By dragging the lines and seeing the estimated total P/L, you can decide where to settle and apply that same price to TP/SL for all positions in one go, completing the process from verification to setting on the chart.
・Enter-to-settlement is not just to speed settlements. It is designed to reduce the tendency to focus on the mouse cursor instead of the price movement you should actually observe.
※ If text is hard to read, change the top-right gear icon to 1080p for clearer viewing.
※ If text is hard to read, change the top-right gear icon to 1080p for clearer viewing.
【Discretionary Entry + Rule-Based Settlement】【Higher-Timeframe Analysis Emphasis】
Entry can be discretionary, but settlements should be done automatically by rules, without being swayed by emotions or daily life.
✓Auto settlement at specified times (before indicators, before sleep, etc.)
✓Auto settlement when the specified time frame’s candle closes
✓Auto settlement when MA cross occurs or when near a specified distance
✓Combine any of TIME, CANDLE, and MA CROSS freely for use
✓All are not only settlements; alerts-only can also be configured
We support executing pre-determined settlement rules without being swayed by emotions or life circumstances.
※ If text is hard to read, change the video settings from the gear to 1080p for clearer viewing.
※ If text is hard to read, change the video settings from the gear to 1080p for clearer viewing.
Switching charts to check higher-timeframe MA repeatedly is tedious. If you forget to update, you might miss higher-timeframe MA signals or end up judging with outdated MA lines.✓
Display the MA prices for 1H, 4H, daily, weekly, and monthly on the current chart with horizontal lines
✓AUTO mode to show only when price approaches
✓Flashing display can also be used to maintain visibility of Fibonacci or trendlines and reduce misses
※ If text is hard to read, change the gear at the top-right of the video to 1080p for clearer viewing.
An English version of the video is also available below ⇩ Please check the operation screen and functionalities.
■ Other Features
Assuming daily use, we not only focus on features but also readability, ease of setup, and recoverability.
✓
Multi-language support for EA UI, built-in guides, and alerts (9 languages): English, Japanese, Russian, Chinese, Korean, Portuguese, Spanish, Indonesian, Thai
✓
Built-in user guide (34 pages; also supports export to text file)
✓
Resizable panels (1.0x to 2.0x)
✓
Compact display by collapsing unnecessary panel items
✓
Save various panel and line settings and automatically restore after restart
✓
Free change of line colors, line types, thickness, label font size, and label position (settings are saved)
※ If text is hard to read, change the gear at the top-right of the video to 1080p for clearer viewing.
※ If text is hard to read, change the gear at the top-right of the video to 1080p for clearer viewing.
※ If text is hard to read, change the gear at the top-right of the video to 1080p for clearer viewing.
■ In conclusion
This product is not an Expert Advisor that makes decisions on behalf of traders. It is designed to make it easier to carry out what you decide and to reduce the regret of “I knew it but I couldn’t do it.”
The product and series did not originate from a single person’s idea.
I shaped much of what I felt was inconvenient in real trading and what our long-time users in XAUUSD requested, and refined it to completion.
Therefore, each feature has a reason for its necessity.
More practicality than flashiness.
More about what is truly useful in daily trading than the number of features.
We will continue improving to be a tool that is easier to use and more reliable, while listening to user feedback.
The product and series did not originate from a single person’s idea.
I shaped much of what I felt was inconvenient in real trading and what our long-time users in XAUUSD requested, and refined it to completion.
Therefore, each feature has a reason for its necessity.
More practicality than flashiness.
More about what is truly useful in daily trading than the number of features.
We will continue improving to be a tool that is easier to use and more reliable, while listening to user feedback.
If you have any questions or requests, please feel free to send a message.
Whether about features, usage, feature additions, or even corrections, price discussions are also welcome.