FAT PANEL

Related: XPro Trade Panel — Full Trade Management Panel for MT5/MT4 - another powerful expert for MetaTrader 5 traders.

Also recommended: AS Q Flow Desk One Click Execution Position Management Panel - similar expert with strong performance on MetaTrader 5.

This graphic panel allows to automate manual trading. It has many functions, including the visual construction of trading strategies.

The automated trading is popular among the traders. But not all traders are programmers, the creation of the Expert Advisor with some trading strategy requires the knowledge of basic programming skills in MQL5. The visual panels allows to simplify trade operations, however, the implementation of the simple trading algorithm requires the writing of code or to find to the programmer who will implement the algorithm.

The First Algorithmic Trading (FAT) Panel 0.2
allows you to create the automated trading strategies without writing the code.

The FAT Panel 0.2 has convenient user interface: the tabs with visual tools, the properties window, checkboxes, radiobuttons, scroll and zoom.

See demonstration

"Algorthm" tab

Workspace for the visual creation of the Expert Advisor algorithm

Ready logical blocks, combined by purpose.

Values of indicators can be used as input parameters, also it has some additional signal blocks (bid, constants)

4 logical blocks of the signal operation processing

4 state blocks (time range, week days, the presence of opened positions)

3 logical operations (AND, OR, NOT)

2 order blocks (buy, sell)

Intuitive operation of addition, the selection, handling, connections, move and delete groups of blocks

Checking of inputs and outputs for compatibility

Parameters of each block can be configured

Creation of muticurrency trading strategies

Zoom and scrolling of the workspace

Save/load trade algorithm and settings

The scheme will work even if the logical blocks added or excluded

History backtesting with saved scheme

Input parameters of the blocks can be used for optimization in Strategy Tester

Visual control

Future plans:

Extension of the indicators list

Extension of the behaviour blocks (sound notification, graphic objects on the chart, etc)

Workspace optimization

New scheme storage format

Integrated logical blocks with built-in algorithms and settings

Installation:

Extract the contents of the archive to the client terminal folder. Open MetaEditor (press F4 in terminal) and compile the indicator, located in MQL5/indicators/fatpanel and Expert Advisor, located in MQL5/Experts/fatpanel. Attach the Expert Advisor to the chart (Allow the use of DLLs).

Creating Trading algorithm:

The simpliest trading scheme can be created using 4 logical blocks. To add some logical block to workspace, you need to click at block and next click at the specified place on the workspace. Let's add the "Buy" block from the "Behaviour" tab, "MA" and "Bid" blocks from the "Signals" tab and ">" block from the "Operations" tab.

It will look like this one:

Now it's time to connect the blocks.

If you click the block, you will see the blue rectange, it means that block is selected. Now you can move it at any place on the workspace. If you drag the block on the other block, it will try to connect them automatically. Let's connect the signal blocks with ">" operation block, and operation block with order block.

All logical blocks has inputs and outputs, the incorrect connection of blocks is impossible. To delete block, you need to select it and click on the "Delete" button. To configure block properties, click it when selected (or double click the unselected logical block).

Let's set the ">" block parameters.

Let's set tp=120 and sl=60 for "Buy" block. After that let's enable the work of the scheme. If you enable the "AutoTrading", the Expert Advisor will start trading.

Attention! It isn't recommended to test the work of the Expert Advisor on real accounts!

In our case, the Expert Advisor will place orders if the distance between moving average and Bid price is higher, than 200 points.

History backtesting
:

To test the strategy on historical data, you need to save the scheme by click the "SAVE" button.

Next, select "Fatpanel/FatPanel.ex5" in Strategy Tester of the client terminal. The symbol and period aren't important, the Expert Advisor will trade on the strategy symbols, specified in order blocks or a timer.

Now it's time to look at the strategy results. If we specify 300 instead on 200 in our operations block of the scheme, the result looks as follows (2010):

2. "Chart" tab

The Chart tab provides the information on symbols and opened positions and allows the manual trading.

the symbols located in tabs

easy position management

close position (if position exceeds the maximal trade volume, the position will be closed using several trade requests)

the color of the symbol tab is dependent on current profit of the opened position.

it checks the parameters and show warnings messages.

easy placement of pendng orders

You may also like: Position Size Pro Lite: Interactive Risk Calculator Panel - excellent alternative for expert users on MetaTrader 5.

• 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.