Flexible Trading And Money Management Tool

It is a utility tool for MT5 and a powerful tool for entry operations and money management in discretionary trading.

The standard trading panel provided by MT5, while very simple, lacks some features considered especially important for discretionary trading.

While this tool compensates for missing functions, we have taken great care not to over-implement functions.

Advantages of the Flexible Trading And Money Management Tool

Simple and intuitive trading operations

The entry process using this tool is very simple.

Set the risk capital arbitrarily, set the stop-loss/earnings level or the limit/stop-loss level, and press the entry button.

Loss/gain and limit/stop price levels can also be intuitively manipulated by displaying lines on the chart.

Open positions can be closed and limit/stop orders cancelled with a single click on the panel.

Of course, it is also possible to skip all of the above steps and make a speedy and established entry.

Flexible cash management

Calculates the lot size based on the specified risk capital (% or currency units).

As long as the risk capital setting is selected, the lot size will automatically change to fit within the set risk capital setting, even if the stop-loss or gain level is changed.

Fixed lots can also be used regardless of stop-loss and gain levels. This is up to the trader's trading plan.

3. setting items

Trade panel display items

SP:Spread of the currency pair being displayed

Max.:Maximum number of lots allowed for entry based on the account's maximum leverage, margin and account balance

SELL, BUY:Market order

CLOSE SELL, CLOSE BUY:Close open sell or buy positions one at a time with a single click ( also used to close split positions )

CLOSE ALL:Close all open positions held with one click

SELL LIMIT, BUY LIMIT:Limit Order

CNCL LIMIT:Close limit orders one position at a time with one click

SELL STOP, BUY STOP:Stop orders

CNCL STOP:Close stop orders, one position at a time, with one click

Risk (Equity % / Currency Unit):Risk funds per entry (% or currency unit )

StopLoss, TakeProfit (Points / Currency Unit):Stop loss or take profit level (points or currency unit)

Open Pos. (Lots / Points / Currency Unit):Number of lots, profit/loss points, and profit/loss currency unit for open positions

Property setting items

Acceptable Slippage (Points )

TakeProfit Ratio to StopLoss for Limit/Stop Order:Ratio of take-profit margin to stop-loss margin for limit/stop orders

Queue Method for Limit/Stop Order:Priority for cancellation of limit/stop orders (First In First Out / Last In First Out)

Display Type for Open Position: Display type of open positions (single currency pair / all currency pairs)

Position Close Method: Position close method (lump sum / split settlement)

Expiration Time Method for Limit/Stop Order: Limit/Stop order expiration time (unlimited / same day / individually specified)

Expiration Time(Minutes) when "ORDER_SPECIFIEDMINITES" Selected: Expiration time of limit/stop orders (set in minutes when " Specify individually" is selected above)

Horizontal S/L T/P Lines Keep Selected: Whether or not to keep lines selected after adjusting stop-loss and take-profit lines on the chart.

Tips

Funds Management Functions

In the "Risk" section, you can select "Equity % (balance risk %)" or "Currency Unit (JPY, USD, EUR)".

For example, set 2% as the balance risk %. The Lot will then be calculated based on the %Risk% and the Loss Level.

When you change the stop loss level from the stop loss adjustment line displayed on the trading panel or on the chart,

Lots are automatically modified to keep losses within 2% of the account balance when the stop-loss level is reached.

As long as the radio button in the "Risk" section is selected, this calculation policy will apply.

The interest level can be changed from the trading panel or from the interest line on the chart.

Changing the Lot with the radio button in the "Risk" section selected will release the money management function.

At this time, changing the stop loss level from the stop loss adjustment line on the trading panel or chart will not change the lot size.

About Limit or Stop Orders

When using limit or stop orders, the following considerations should be made

The stop loss line (orange) is used as the "entry level" for limit/stop orders, and the gain line (blue) is used as the "stop loss level" for limit/stop orders.
The "TakeProfit Level" for limit/stop orders is automatically calculated based on the value set in the property " TakeProfit Ratio to StopLoss for Limit/Stop Order ". The default value is set to 2.0 , which is " StopLoss : TakeProfit = 1.0 : 2.0". The stop loss/take profit levels for limit/stop orders can also be changed by adjusting the respective levels directly on the chart.

5. product images and videos explaining functions

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