Trading box Quick orderTrading has never been so easy before.
Quick Order is lighter version of Order Management without special detection functions.
Strike out Features are available only in Order Management
Money ManagementTool will calculate right order size depends on your risk percentage per trade. It will calculate risk reward for every target and position size calculator mt4.
Safe TradingYour market orders will be protected before big news spikes and Monday opening gaps. Your stoploss for sell positions will not be hit with Ask price.
Mobile NotificationsAll events (functionalities) in Trading box Quick Order tool are supported with MT4 alerts and mobile push notifications.
Market Execution at Bid PriceOrder box represents entry and exit for market order execution. Get the best possible prices with use of spread filter and execution at Bid price.
|Advanced Order functions (features)||Limit order||Order box|
|Execution at Bid price||NO||YES|
|Order open Spread filter||NO||YES|
|Order open Time filter||NO||YES|
|Target Risk Reward calculation||NO||YES|
|Lot size calculation by risk percentage||NO||YES|
|Total risk of grouped orders||NO||YES|
|Total profit of grouped orders||NO||YES|
|Breakeven level (Surender)||NO||YES|
|Activate/Deactivate orders at certain price||NO||YES|
|News spike order protection||NO||YES|
|Opening gap order protection||NO||YES|
|Ask price SL hount protection||NO||YES|
|Price action programing with lines||NO||YES|
|Placing orders when market is closed||NO||YES|
How to create trading order box?
Select rectangle in Supply or Demand zone and click on button SBox to create order box for sell, click on button BBox to create order box for buy. Default order box parameters are taken from EA input properties (marked with red rectangle on picture below). Before you place EA on chart, please enable AutoTrading in MT4.
How to activate order box
To activate trading order box, you need to click on button SELL or BUY. Active order box is green and disabled order box is red. When the price will touch order box the orders will be opened and you will receive alert in MT4 and push notification on your mobile MT4 application. Order box will be deleted and orders closed if price will go through the order box. In this case you will also receive alert and MT4 push notification (see picture below).
EA Input parameter settings
On picture below you can see how to access EA Input parameter settings.
Change number of orders
Click on button +1 or -1 to change number of orders in order box. Maximum allowed number of orders in order box are 4. When you change number of orders then lot size is automatically recalculated to defined risk. This tool is also position size calculator mt4.
Change risk percentage
Click on button +0.1% or -0.1% to change risk percentage for order box. When you change risk percentage then lot size is automatically recalculated to new defined risk.
You can also change default risk percentage value for trading order box and you can also change risk percentage interval value which is shown on button itself. This values can be changed in EA input properties as shown below on picture (transparent red rectangle)
Fixed order lot size
To enable fixed order lot size, you need to change EA input property box_risk_percent_ON_OFF to false. Then you can also change value of box_fixed_lot_size to order size that you want to trade and position size calculator mt4.
Risk and profit calculation
Order box risk and profit calculation is shown on top of the order box. Trader can see size of order box in pips. Total risk and total profit of all orders include commissions and spread. Calculations are done in deposit currency. Money management in trading shouldn’t be problem anymore.
Risk Reward calculation
How to calculate risk reward ratio? Use online risk reward calculator or Trading box Quick Order tool where Risk Reward (RR) is calculated for every target. Trader can also see profit in deposit currency and number of pip for each target.
Order box Alert
When you click on button Alert the silver Alert line is drawn on chart. When price touches this horizontal alert line then you will receive alert and MT4 push notification. You can also select this silver horizontal line and move it to the wanted price.
Resell and Rebuy
When you click on button Rebuy or Resell the dotted black line is drawn inside order box. By default, it takes order lot size from order box calculation. You can change Resell or Rebuy order size by changing trendline description to wanted order lot size (see picture below). When price will touch this line, order box will be activated and orders will be opened.
Resell and Rebuy is also considered in all calculations. You can see how it adds another Risk Reward calculation line below the target.
Surender trade (Breakeven)
For every trade you need backup plan if this trade doesn’t work out like you imagined. After level is broken by few pip then we usually have a little price correction before price continue with direction. We can increase win rate if we use Surrender functionality. For example (picture below), orders will be opened when price will come to trading order box. Price will continue to go higher, and it will break Surrender line. Take profit from all orders will be moved 3 pip below entry. Instead of losing trade we have a winning trade if a little price correction will happen. Without Surrender line trader can hope too much.
Automatic order box activation
When you click on button ON & OFF then sell ON and sell OFF lines are created. For buy order box, buy ON and BUY off lines will be created. When price touch sell ON line, the order box will be activated. When price will touch sell OFF line, then order box will be deactivated. This function help us catch a trade after price action.
Ensure fresh orders (Delete)
Now let’s see how we can combine two functions (ON & OFF and Delete/Fresh). To ensure that the price first need to break sell ON line and then go back to open orders in order box, we will introduce Delete line. If price touches Delete line, then order box will be removed from chart, because we don’t have price action to enter in this level. If price will go down and touch sell ON line first, then Delete line will be removed from chart and when the price will come to order box, the orders will be opened.
Above and Below alert lines
Above or Below button will create alert line. You can change the name of horizontal line. When price will touch above or below line, you will receive alert in MT4 and mobile MT4 push notification. You can select above or below horizontal line and move it to price where you want to be notified. This lines can be used without order box.
Show or hide elements on chart
Trader can click on element text to show or hide element on char. This is useful when we want to have clean chart to make a right trading decision and do some technical analysis.
When action will be triggered then EA will create history tag on chart. Trader can see what happened when he was not present. On picture below, we can see history tag from broken order box for sell position (sellbox rectangle). Clean button will remove all history tags and trading history from the chart.
Font size and color settings
User can change order box and liquidity rectangle color. Above and Below alert lines color can also be changed. With text_colors setting you can change all texts to color you want. You can also change font size to suit your needs. If you don’t like to see line names, then you can set variables show_line_names and show_above_below_text to false.
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