ea - the simple trading panel - mt5
Info
The ea - the simple trading panel - mt5 is a Expert Advisor for MetaTrader 5 that introduction : the simple trading panel is a trading tool that is very interesting because it will allow you to predefine your stoploss and your takeprofit in term of pips. you can also predefine the number of trades, the position size and which tradable instrument you want to trade.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ea - the simple trading panel - mt5
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
introduction : the simple trading panel is a trading tool that is very interesting because it will allow you to predefine your stoploss and your takeprofit in term of pips.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Interactive Chart Trading Panel with Risk Management for MT5 - another powerful expert for MetaTrader 5 traders.
Also recommended: Trading Panel EA - Enhanced Trade Management - similar expert with strong performance on MetaTrader 5.
introduction :the simple trading panel is a trading tool that is very interesting because it will allow you to predefine your stoploss and your takeprofit in term of pips. you can also predefine the number of trades, the position size and which tradable instrument you want to trade. this trading tool can be used for scalping, day-trading, swing trading & investing.
the story behind this trading tool:
the story behind developing this trading tool is that i struggled a lot when i use to scalp so i wasn't fast enough to place my stoploss and takeprofit especially when the market was super volatile. besides, many times my computer crashed the moment i clicked on buy/sell and i couldn't also place my sl/tp. let's not forget about internet provider; i also faced difficulties because i had problems with my internet provider. so that is why i've decided to create this simple trading panel to avoid these technical problems.
how to use it :
you can check the following video that will explain how to use this trading tool
parameters :
this ea has 5 inputs, which are
nb: number of trades
sl: stop loss in terms of pips
vol: position size
tp: take profit in terms of pips
sym: choosing the symbol
You may also like: Blue Moon EA: Advanced EMA Envelope Trading for MT5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
input int iNB=1; //NB TRADES
input double dSL=2; //NB PIPS SELL_SL
input double dVOL=0.01; //VOLUME
input double dTP=10; //NB PIPS SELL_TP
#include <Controls\Dialog.mqh>
#include <Controls\Button.mqh>
#include <Controls\Edit.mqh>.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.