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Wave This Magic Wand and Create Money for Yourself

August 8, 2024 by Michael Leave a Comment

Wave This Magic Wand and Create Money for Yourself

Trading art in one click. Ability to make decisions and act fast in an environment where a few seconds make a difference, whether you will earn money or not.

This skill that is a must for any intraday Forex trader. When standard MT4 functions are not enough, when you need accuracy and speed in the technical performance of your carefully thought-out strategy, Pro Trader comes to help - professional trading panel for serious-minded Forex players.

Software tool for the professional trade in MetaTrader 4 terminal

Software tool for the professional trade in MetaTrader 4 terminal

Pro Trader program is a real helper for traders trading in the Forex market. It is not an automatic trading robot, it does not make the decisions and does not open positions, but it helps you to trade professionally. All important information is displayed on the chart; so you can open a position with just a single click. Managing an opened position is simple: you can drag and drop to easily adjust the levels of stop loss (SL) and take profit (TP). After that, Pro Trader will serve you to manage your positions.

Unlike many similar programs available, Pro Trader can help you manage risk in the trading process. To do this you need only to determine the maximum risk for the same position, and Pro Trader will automatically calculate the amount of lots for each new position.

Using a user-friendly graphical interface, anyone can quickly learn to operate the program and successfully use Pro Trader for intraday trading.

Main characteristics

Main characteristics

• Fast position control

It can easily be used to control the position(s). For example, if you want to open or close a position, you can easily do it all, thanks to ProTrader, with just one mouse click. Say goodbye to the window of orders that you normally use in the MetaTrader terminal.

• Fast Position reverse

If you trade, and you can see that the market can go against you, you can at the touch of a button immediately close the current position and open a new, opposite one, with the same lot size. With this option, Pro Trader can open the opposite position.

• Breakeven Function

If you have an open position(s), and the market goes in the intended direction, you can move the StopLoss to the profit of the opened position (say, you move StopLoss to the break-even point, where there will be no profit, no loss). This entire process can be carried out in Pro Trader with a single click.

• Close All Function

If you have more than one opened position (for example, if you use an averaging strategy or martingale), if you want to close all positions at once, you can close them with just one mouse click using the «Close all» button, located on Pro Trader control panel.

• Money Management Auto-calculation

With this Pro Trader function, you can calculate the maximum risk that you may be at, as well as calculate the lot value on the basis of your pre-defined parameters.

• Trailing stop

The program supports a trailing stop. With Pro Trader, you can set trailing stops for the opened positions.

• MagicNumber

With MagicNumber function Pro Trader program enables you to manage positions that are already opened by any third-party trading advisor.

• Customize the interface

You can easily rearrange the panel windows on the chart, or hide them if you wish.

• Your trade statistics

You can accurately track your trading results in the Profit Info window. Pro Trader displays daily, weekly, monthly and annual earnings results, expressed in points, and in currency.

• All data on opened orders

The program displays all the detailed information on your opened position. You can clearly see a maximum loss (in points and in currency), maximum profit (in points and in currency), the risk/return (R:R) ratio, current profit (in points and in currency), etc.

• Dashboard Window

On the Trader Pro program dashboard, the latest information on the market can be displayed, for example, current bid/ask price, current spread, daily prices fluctuations, as well as MA, CCI, RSI and Stochastic in different timeframes, etc.

• Hedging

When in the course of trading you feel that the price could reverse and go in the opposite direction, you can hedge your opened position with just a single click, which can lock in your position and avoid short-term losses.

• Stealth mode

The program provides the ability to hide your set Stop-loss (SL) and Take Profit (TP) levels from your broker.

• Trend Line Opening Function (Trade in the trend lines breakdown)

The program provides an opportunity to open a position not only by hand but also to do it in the case of break of the trend line placed manually.

• Forming an Orders Grid

If, having an opened position the price goes in the wrong direction, Pro Trader program provides the opportunity to “save” the position, using averaging. The robot with predetermined averaging parameters (lot coefficient, step, the maximum number of positions) launches “averaging”. This function can be used for each opened position, so you can drag and drop a TakeProfit (TP) and StopLoss (SL) lines; while TrailingStop function is also fully compatible with averaging positions.

• 3 levels of partial positions closing

Pro Trader provides preset 3-level automatic partial positions closing. If you use the program, you can quite easily pre-configure, what percentage of your opened position volume will be partially closed reaching the desired market price. And on the basis of pre-established values, Pro Trader program will automatically perform partial closure, when the price reaches a specified level.

• 5 types of trailing stop

If you are working on Pro Trader you use the «TrailingStop» function, you can select a fixed or dynamic one. To use dynamic TrailingStop you can choose from any of its 4 types (ATR, EMA, PSAR, HighLow).

• Fast placement of pending orders

ProTrader provides hot keys using which you can make an order at a certain distance (in points) from the current price value with just one click.

• Limitation on the maximum spread level

You can set the maximum value of the spread. If the actual value of the spread will be higher than this level, TraderAgent will not allow you to open a position(s).

• 4 types of auto-closing on equity (funds in the account)

If the profit and/or loss reaches a preset level (as a percentage and/or currency amount), the program will immediately close all positions in your account.

• Using the Channels

During trading, the opening orders can be linked not only to the trend lines breakdown but also to the channels.

• Creating the Screenshots

The program can take screenshots every time you open and close a position(s) - you can professionally stop their transactions (this feature is also available in the «Backtest Mode»).

• 3 modes to increase the lots when averaging

To manage the positions for the purpose of averaging Pro Trader can set 3 types of lots modes (multiplication, shift, Fibo).

• Closing the positions at a certain time

You can pre-set the date when the program closes a predetermined amount (or all) of the position(s). To do this you only need to install a special vertical line on the chart.

Installation

Installation pro trader

ProTrader is installed as any other EA, because technically, this utility is provided in the form of an expert. To install, use the basic instructions.

Settings description and the use of the program

The settings description in text form is available in the manual in the program archive.

Ready presets settings

Ready presets settings

There is a set of predefined settings that go with the utility for different purposes.

• ProTrader - Classic - the default settings mode
• ProTrader - Full - all the windows are included in the utility
• ProTrader - Left Side - utility windows are shifted to the left
• ProTrader - Minimal - only order management window is opened
• ProTrader - Robot Mode - a semi-automatic mode for working with orders of other advisers.

At the first work with presets, be sure to check that settings meet your needs.

Download Pro Trader

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Posted in: For Traders Tagged: hedging, online trading software
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