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Commerce Assistant: multifunctional utility for knowledgeable buying and selling – Different – 26 March 2025

Commerce Assistant: multifunctional instrument for a handy buying and selling

  • This utility will enable you simplify, automate and make your buying and selling sooner, whereas considerably increasing the usual capabilities of the MetaTrader terminal.
  • If in case you have any questions, concepts for enchancment, or in the event you out of the blue discover a bug, please contact me, I’m open to solutions:

The utility is split into 4 principal tabs:

  1. [new] tab: New trades, Lot / Threat / Threat-Reward calculation.
  2. [manage] tab: Commerce administration, Breakeven, Trailing, Auto-Shut, Auto-Ranges.
  3. [info] tab: Commerce statistics, market evaluation.
  4. [tool] tab: Indicators and auxiliary utilities.


Clickable Hyperlinks:


    [tool] tab: indicators and auxiliary instruments

    This part accommodates further instruments that may be helpful for sure buying and selling actions,thereby simplifying and dashing up the buying and selling course of.

    • Every instrument will be turned on/off by clicking on the corresponding inexperienced button.
    • [always on] choice: if enabled – crucial instruments will stay lively even when switching to the one other tab, or minimizing the principle panel. Click on [v] to decide on which instruments must be lively when utilizing the “At all times on” choice.
    • To show off all of the instruments without delay, use the [X] button on the prime of the tab.
    • The positions of the indicator’s panels will be saved to a preset, after which you may shortly choose a handy one: [L] (Location) button;
    • There are a variety of settings on this tab: it can save you the configurations to a preset, after which load one of many presets if vital: [P] button.
    • Click on [v] to open the settings of the corresponding instrument.

    Disclaimer: not one of the indicators needs to be perceived as funding recommendation. They’re offered ‘as is’, providing you with a mathematical value evaluation. All buying and selling choices needs to be made by you, and you’re the just one accountable for your buying and selling outcomes.

    Tools tab


    [Price Action] indicator

    Worth patterns indicating a possible reversal or continuation of the pattern.

    Please observe: the indicator just isn’t initially configured for every Image and offered ‘as is’: for the perfect outcomes, it is suggested to configure the patterns for every Image.

    Indicator settings [v]:

    1. Allow / disable every of the patterns:
      a) Pin bar
      b) Engulfing sample
      c) Inside bar (Harami)
      d) Morning/Night star
      e) Darkish cloud cowl / piercing line
    2. Alter the measurement of the chart arrows.
    3. On / off the present pattern filter [Trend, MA] :
      If lively, solely patterns within the path of the present commerce can be displayed.
      The pattern is decided by Shifting Averages: their durations may also be adjusted:
      a) Sluggish MA above Quick MA: it means a downtrend;
      b) Sluggish MA under Quick MA: it means an uptrend;
    4. [Previous bar] filter: patterns solely in the identical path because the earlier bar on present TF.
    5. [Higher TF] filter: patterns solely in the identical path because the final closed bar on a better TF.
      Larger timeframe means: M15 when utilizing M5, H4 when utilizing H1, and so forth.
    6. Notifications on a brand new value motion sign: terminal [alerts] / [email] / [push] / [telegram]
    7. [< Show advanced settings >] : click on to configure the patterns.
    8. Click on on the shade pattern to vary it: individually for Purchase and Promote arrows.

    Tools, Price Action indicator

    Superior settings of the Worth Motion patterns

    You possibly can alter every sample for the perfect buying and selling outcomes.

    • A tough visualization of what the sample will appear to be is displayed on the left.
    • You possibly can [reset] the settings to the default settings.
    • There are a variety of settings, however it can save you the configurations to a [Presets v], after which load one of many preset if vital.

    Tools, Price Action settings


    [Future Bar] instrument

    Visualizes the present (floating) bar on the chosen timeframe, or a number of bars united to the only bar.

    Indicator settings [v]:

    1. Choose the timeframe of the longer term bar.
    2. [Unite] choice: you mix the desired variety of final bars right into a single bar.
    3. [<] / [>] buttons: transfer the longer term bar to the left / proper relative to the present chart bar;
    4. [Countdown] to the closing time of the longer term bar: displayed on the backside of the chart.
    5. Colours: could also be decided [automatically] (similar as chart’s candles), or you may set it [manually]: for Up and Down bars individually.

    Tools, Future Bar


    [Countdown] utility

    Time till the bar closes on the chosen TF.

    Settings [v]:

    1. Choose the timer location: both close to the floating chart bar, or on the backside of the chart;
    2. Timeframe for the countdown;

    Tools, Countdown


    [Large Bars] indicator

    Highlights the big bars on the chart.

    Indicator settings [v] :

    1. Set the minimal bar measurement: all bars whose measurement is the same as or exceeds the desired worth – can be marked on the chart, indicating its measurement;
    2. The scale will be calculated both by the [body] (open-close) or by [shadow] (high-low).
    3. [Show both sizes] choice: each physique and shadow sizes can be proven on the chart.
    4. On/off the alert on a brand new giant bar: terminal [alert] / [email] / [push] / [telegram];
    5. Colours: individually for Up and Down bars;

    Bar measurement will be set when it comes to:
    pips / factors / % value change / value worth / % of the earlier bar measurement / % of the ATR worth

    This indicator:

    • Handy to filter the patterns in a interval of low volatility;
    • Signifies the potential starting of a brand new pattern;
    • Helps to see probably the most vital bars;
    • Can be utilized when buying and selling binary choices;

    Tools, Large Bars


    [High / Low] indicator

    Exhibits the acute ranges of the chosen timeframes: highest and lowest costs.

    Indicator settings [v]:

    1. Choose the TimeFrames, the degrees of which can be displayed on the chart.
    2. Calculation mode: [Real bodies] (Open/Shut costs), or [Shadows] (Excessive/Low costs).
    3. Calculation base: [Closed bar] (final closed), or [Floating bar] (presently open).
    4. The road type / colours will be adjusted: click on on the colour pattern.

    This indicator:

    • Could enable you to see potential reversal ranges;
    • Patterns fashioned close to the degrees might have extra significance;
    • When buying and selling on a decrease timeframes, it would allow you to see the larger image;

    Tools, Highs and Lows indicator


    [Fibonacci] indicator

    Robotically plots the Fibo ranges based mostly on the final shut bar(s) of the chosen timeframe.

    Indicator settings [v]:

    1. Set the variety of bars based mostly on which the degrees can be calculated. For instance:
      1 Bar: the degrees can be constructed based mostly on the Excessive/Low values of the final closed bar;
      2 Bars: the degrees can be constructed based mostly on the values of the final 2 closed bars;
    2. Set the TimeFrame that can be used for the calculation.
    3. [Close bar only]: calculation solely based mostly on already closed bars;
    4. [Include a floating bar]: present (floating) bar can be included within the calculation
    5. Customise the Fibonacci ranges. You can too every of them, or your entire group:
      5 principal ranges, 6 up extension ranges, 6 down extension ranges.
    6. You possibly can reset [x] the degrees to the default settings (basic Fibonacci ranges).
    7. To set the strains shade: click on on the colour pattern (individually for 3 teams). Types would be the widespread.

    Tools, Auto Fibonacci levels


    [Gaps] indicator

    Exhibits the Hole look on the chart: when the opening value of a brand new bar differs from the closing value of the earlier bar.

    Indicator settings [v]:

    1. Set the minimal Hole measurement to be displayed:
      in Pips / Factors / % of value change / % of the earlier bar measurement / % of the ATR worth;
    2. Set the dimensions of the arrows on the chart;
    3. On/off the notification when a brand new hole happens: [alert] / [email] / [push] / [telegram]
    4. You possibly can alter the arrow colours: individually for Up and Down gaps.

    Tools, Gaps indicator


    [$$ Meter]: Cash meter instrument

    Exhibits the degrees of potential Revenue / Loss, when buying and selling utilizing a given lot measurement.

    Indicator settings [v]:

    1. Lot measurement for calculation (there may be additionally an choice to auto-set the final used lot)
    2. Grid step: [%] of the account measurement / quantity of [Money]
    3. The quantity of ranges displayed for every path
    4. The extent from which the degrees needs to be calculated:
      a) the present market value [Calculate from the market],
      b) or a hard and fast value degree [Calculate from the price:]
    5. The road shade and type

    Tools, Money Meter


    [Multi TF]: multi timeframe instrument

    Exhibits as much as 5 further timeframes on the identical chart.

    It opens in a separate window: it may be moved (drag anyplace), and minimized [v].

    You possibly can alter:

    • The chart Durations. Every of the TF will be disabled.
    • The quantity of the bars displayed for every TF:
      a) 5 lively charts: max = 25 bars
      b) 4 lively charts: max = 30 bars
      c) 3 lively charts: max = 45 bars
      d) 2 lively charts: max = 45 bars
      e) 1 lively chart: max = 90 bars
    • Image for calculation.

    Tools, Multi TimeFrame


    [Sessions] instrument

    Exhibits the working hours of the world’s exchanges.

    • The vertical line strikes because the day progresses and reveals the present time.
    • You possibly can see which markets are presently probably the most lively, so you may choose probably the most risky devices. Particularly helpful for the intra-day merchants.
    • This instrument opens in a separate window : it may be moved (drag anyplace), and minimized [^].
    • Within the settings [v] you may alter which era can be displayed on the decrease timeline:
      [GMT] / [Local time] in your pc / [Broker’s time] on the Market watch

    Tools, Market Sessions


    [Profit Count] instrument

    Calculates the floating revenue / lack of the open trades, grouped into 2 classes.

    • Utilizing the blue switches you may change the strategy of grouping the trades:
    • [Buys] / [Sells]
    • [Profit] / [Loss]
    • The Image and the floating P/L are displayed for every commerce.
    • The whole consequence for all trades is proven under.
    • This instrument opens in a separate window : it may be moved [< >] and minimized [v] .
    • Tip: Click on on the Image or monetary consequence to begin managing the commerce.

    Settings on the separate panel:

    • Image for counting: [Current] / [For All];
    • [Alert] : if enabled – there can be a notification when the floating P/L exceeds the worth you set within the subsequent enter subject.
    • The kind of P/L calculation: [pips] / [points] / [%] / [currency].

    Settings on the principle panel [v] :

    • You possibly can select the place the P/L achievement notifications can be despatched: [alert] / [email] / [push] / [telegram].
    • Choices for auto eradicating the [Prefix] / [Suffix]. This may make the Image names compact: helpful if there are additional characters, comparable to “EURUSD.professional“.

    Tools, Profit / Loss counter


    [Status bar] instrument

    Exhibits essential market info on the backside of the chart.

    Within the settings [v] you may optionally on/off every of the information:

    1. Native [Time] (in your pc): it could be set within the [am/pm] or [24-h] format.
    2. Present [Spread] for the Image.
    3. Present [Swap]: for Lengthy and Quick positions.
    4. [Floating P/L] of your entire account:
      account forex / % of the account measurement: relying on the chosen sort on the [new] tab.
    5. [Price Change Value]: the bar measurement on the chosen TF.
      a. Set the shift relative to the present bar: 0 = the worth of the presently open (floating) bar; 1 = earlier closed bar, and so forth..
      b) Calculation strategies: [Open-Close] measurement (physique), or [High-Low] measurement (shadow).
      c) The scale will be calculated in [Price] / [Pips] / [Points] / [%] change.
    6. Place on the chart: higher left/proper, or down left/proper nook

    Tools, Status Bar


    [Bar direction] indicator

    Exhibits the path of the bars on all main timeframes.

    • Crimson: shut < open: shut value is decrease than open value
    • Inexperienced: shut > open: shut value is larger than open value
    • Blue: shut = open: shut value is the same as the open value

    Within the window it’s also possible to set the Shift of the calculated bar, relative to the present bar:

    • Shift = 0: the path of the present (open) bars,
    • Shift = 1: the path of the final closed bars, and so forth…

    This indicator:

    • Lets you see the general pattern path;
    • Could also be helpful when buying and selling binary choices;
    • Helps to search out the corrective and pattern actions;

    This instrument opens in a separate window: it may be moved (drag anyplace), and minimized [v].

    Tools, Bar Direction


    [Alerts]: notification when a value degree / pattern line is reached

    This instrument opens in a separate window: it may be moved [< >] and minimized [v].

    There are 2 alert varieties, you may choose it utilizing the blue swap on the prime of the panel:

    • [Level]: alert on the value degree;
    • [Trend]: alert on the pattern line;

    There are 2 sorts of triggers: so you may choose when the alert needs to be despatched:

    • [if cross]: when the value crosses the extent / pattern line;
    • [if close]: when the bar closes past the extent / pattern line;

    So as to add a brand new value alert:

    1. Sort the extent value, or set the value change worth (relative to the present value).
    2. Click on [+] to avoid wasting the alert.

    When utilizing the value change worth:

    • Use the blue swap to set the calculation technique: % of change / pips / factors.
    • Use [^] / [v] swap to invert the extent in the wrong way from the present value:
      e.g. if it was [+10] pips (above), you may invert it to [-10] pips (under).
    • If alert degree is throughout the seen chart space: a separate interface for a fast alert setting can be displayed:
      • Drag [^ M v] to regulate the extent with the mouse. Maintain whereas transferring to make use of a magnet .
      • You can too sort the value / change values within the enter fields.
      • Click on [SET] so as to add the alert, or [X] to cancel and conceal the row.

    So as to add a brand new pattern line alert:

    1. Click on [+] to begin drawing a pattern line.
    2. Use the DOTS on the chart to regulate the TL.
    3. Click on [+] to avoid wasting the pattern line, or [x] to cease drawing.

    Choices:

    • You possibly can set the expiration: if [Exp] is lively, alert can be cancelled after the desired time.
    • [Note]: add a reminder of what must be finished when the alert is triggered.

    On the prime of the panel:

    • [Show]: if lively, the alert strains can be visualized on the chart. When the lively Alert ranges are displayed on the chart, you may click on on the extent description to begin the modification.
    • The whole quantity of the lively alerts on all Symbols is displayed on the prime proper nook.
    • [v]: click on to indicate the record of the alerts
    • [color]: click on to set a shade to visualise alert on the chart. It should be chosen earlier than the alert is saved.

    Working with the record of the alerts:

    • Use the blue swap to modify between the [Active alerts] and [Triggered alerts];
    • You possibly can view the alerts on [Current] Image, for the desired [Symbol:] , or [ALL] alerts;
      When utilizing [Symbol:] technique, it’s also possible to test the alerts for the group of Symbols:
      e.g. sort ‘EUR‘ to test alerts on all forex pairs with EUR.
    • Click on [x] to delete alerts: individually, or ALL from the record (in the event you click on [x] on the first row);
    • When checking the [Active alerts] record:
      • Click on on the Image to use it to the present chart;
      • Click on on the Worth to change the alert: parameters will be adjusted above, and the alert will be dragged on the chart (if seen);
      • The present distance from the market value to the alert degree is calculated: you may set the calculation technique utilizing the blue swap: pips / factors / %. Click on on the distance worth to make use of the alert value because the entry degree for a brand new commerce;
      • Click on on the Notice to edit or add it;
      • When viewing [Triggered alerts] : click on on the extent to make use of it because the entry value for a brand new commerce

    Settings on the principle utility panel [v] :

    • You possibly can on/off every sort of the notification: [alert] / [email] / [push] / [telegram]
    • [Show alerts on the chart]: if lively, the alerts can be visualized on the chart.
    • [Bring chart to front]: if lively, the chart of the triggered alert can be moved ahead.
    • [Leave triggered alerts]: if lively, triggered alerts can be moved to a separate record, and can be visualized on the chart. So it is possible for you to to investigate the reached ranges.
      Then you may delete triggered ranges manually in 2 methods:
      • From the triggered record of alerts on the alert panel: [x] button;
      • Or from the chart: by clicking on the road or description
        • Click on [EN] on the chart to make use of the triggered degree because the entry value for a brand new commerce.
    • [Quick <+Alert> button]: if lively – a further button on the backside of the chart can be displayed for a fast alert setting.

    Tools, Price Alerts

    Tools, Trend Line Alerts


    [Price Range] indicator

    Visualization of the buying and selling vary.

    Indicator settings [v]:

    1. Vary interval: quantity of [minutes] / [hours] / [days] / [bars].
    2. Calculation technique: [Shadows] (high-low costs), or [Bodies] (open-close costs).
    3. Choose the timeframe, the place the vary needs to be displayed: e.g. if you choose each day [D1] TF, the vary won’t be seen on the weekly timeframe, however can be seen on all timeframes decrease than D1 (4H, 1H, M30…).
    4. If utilizing [bars] sort (pt.1), you additionally have to set:
      a. TimeFrame for calculation.
      b. [Include open] choice: if lively, the present (floating) bar will even be included to the vary.
    5. Shade: click on on the pattern to vary it.

    Tools, Price Range


    [Watermark] instrument

    Further textual content on the background of the chart.

    Indicator settings [v]:

    1. The textual content measurement and shade;
    2. Place, nook: High left / High proper / Heart / Backside left / Backside proper.
    3. Select what can be displayed: both the present [Symbol + TF] , or your [Custom] textual content.
      a. When utilizing the [Symbol+TF] choice, it’s also possible to configure:
      i. You possibly can individually embody the [Symbol] and [Period] to the Watermark textual content.
      ii. [Remove Prefix] and [Remove Suffix] from the Image: It is handy if the Image identify has a further indicators, comparable to “EURUSD.professional“.

    Tools, Watermark


    [Market watch] instrument

    Monitor your favourite Symbols.

    This instrument opens in a separate window: it may be moved (drag anyplace), and minimized [v].

    You possibly can alter the Watchlist on the panel:

    1. Click on [edit list] so as to add / take away the Symbols from the Watchlist.
    2. Calculated worth: it could both be the final [closed bar] , or the present [floating bar].
    3. Choose the [timeframe] for calculation.
    4. There are 2 sorts of the worth sorting : by the [Symbol] identify, or by the value [change].
    5. The values will be sorted in ascending [^] or descending [v] order.
    6. There are 4 calculation strategies, click on [v] to vary it:
      a) [bar size, pips]: bar measurement, in pips;
      b) [bar size, points]: bar measurement, in market factors ;
      c) [bar size, % price]: bar measurement, as a proportion of the value change;
      d) [bar, price value]: value distinction between the utmost / minimal bar costs;
      e) [% / prev bar size]: the dimensions of the calculated bar, in comparison with the earlier bar measurement;

    Suggestions: when the ‘Market Watch’ utility is lively:

    • Use the left / proper keyboard buttons to modify via the record of the Symbols.
    • You can too click on on the Image identify to open its chart.

    Tools, Market Watch


    [Bar Sizes] instrument

    Calculates the bar sizes of 9 principal timeframes.

    This instrument opens in a separate window: it may be moved (drag anyplace), and minimized [v].

    On the panel, you may alter the calculation:

    1. Costs used for calculation: [Bodies] (open-close measurement), or [Shadows] (high-low measurement).
    2. Choose the used bar: [Floating] (presently open), or the final [Closed] bar.
    3. Calculation technique: [Pips] / [Points] / [% change] / [Price].

    Tools, Bar Sizes


    [Supp / Res]: help / resistance zones

    Provide / demand zones: observable areas the place value has approached many instances up to now.

    The indicator reveals the place the value may probably be reversed once more.

    Normally, the extra instances the value has been rejected from the extent, the extra vital it’s.

    Indicator settings [v]:

    1. [Show zone descriptions]: if lively – there can be a short information for every chart space.
    2. [Also show weak zones]: if lively – unconfirmed zones will even be seen.
    3. [Always show indicator]: if lively – chart zones will stay on the chart even when switching to the opposite tab, of minimizing the principle panel.
    4. [Timeframe]: select the timeframe that can be used when calculating the zones.
    5. You possibly can set the fundamental colours : individually for the help and resistance: chosen shade can be much less intense for a weak zones, so it would visually enable you analyze the chart.

    Tools, Supply and Demand zones


    [News] instrument

    Visualization of the financial occasions on the chart.

    The indicator attracts vertical strains, displaying you when financial information are coming.

    In the course of the main information, there could also be an elevated value volatility.

    Indicator settings [v]:

    • Affect: select the information of what significance you need to see: Low+ / Medium+ / Excessive solely.
    • [Show past events]: if enabled, the previous occasions will even be seen.
    • [Current Symbol only]: if lively, solely occasions associated to the chart Image can be proven.
    • Dealer time from GMT: set the time distinction of your dealer, in comparison with the Greenwich Imply Time.
      You employ [Auto] choice as a substitute: time can be synchronized if the market is open.
      When setting the time distinction manually: Dealer’s time will be checked on the ‘Market watch’ (View -> Market Watch);
      If GMT = 17:30, and the dealer’s time = 19:30: worth needs to be +2 (hours);
      If GMT = 17:30, and the dealer’s time = 16:30: worth needs to be -1 (hour);
    • The indicator wants your permission to entry an exterior information web site:
      a) Within the terminal, go to the Instruments -> Choices (Ctrl+O) -> Skilled Advisors:
      b) Activate ‘Enable WebRequest for listed UR L’ choice;
      c) Add URL “https://ec.forexprostools.com/” to the record;
    • To set the strains shade : click on on the colour pattern (individually for every influence).

    Tools, Economic news


    [Highs & Lows] instrument

    Visualization of the Excessive and Low value ranges for the chosen time interval.

    As much as 4 completely different timeframes and durations can be utilized.

    Indicator settings [v]:

    • Every degree will be enabled / disabled: [on] button;
    • Subsequent, you may set the variety of durations to calculate:
      for instance, [x2] will imply the final 2 bars of the chosen timeframe.
    • Utilizing the [blue button] you may set the timeframe: it is going to be used to calculate the degrees.
    • [-] and [+] buttons can be utilized to regulate the width of the chart strains.
    • Click on on the road preview to regulate its shade.

    Tools, High and Low levels


    Drawing instrument

    On the backside of the [tool] tab there are controls for customized drawings on the chart.

    • Click on [+ draw] to begin drawing: maintain down the left mouse button and draw on the chart.
    • Click on [stop X] to cease drawing.
    • You possibly can choose the comb shade : click on on the colour icon.
    • Click on [-] and [+] to vary the comb measurement.
    • Click on [x] to take away all of your drawings, or [<] to cancel the latest drawing motion.
    • Click on [e] to activate the Eraser: its measurement will be adjusted with the [-] / [+] buttons.
    • You possibly can briefly Conceal all drawings from the chart: [H] button.
      Nonetheless, they won’t be deleted, and it is possible for you to to Present them once more
    • Central (further) shade will be personalized within the settings [s] on the [new] tab.

    Tool, Drawing


    Fibonacci instrument [f]

    You possibly can draw customized Fibonacci ranges with exact positioning of begin and finish factors.

    When utilizing the [f] instrument – the colour and width of the degrees will depend upon the settings you chose for the ‘draw’ instrument.

    The values of the degrees are synchronized along with your settings for the automated [Fibonacci] instrument.

    For exact positioning, the magnet is enabled by default, however you may pause its motion by holding the  key.

    Ranges are created in 3 clicks: the preliminary value, the ultimate value, and the width of the created ranges.
    At every stage you will note tooltips on the prime of the chart.

    Tools, Manual Fibonacci levels


    Hyperlinks to the descriptions of the different tabs:

    • [new] tab: New trades, Lot / Threat / Threat-Reward calculation.
    • [manage] tab: Commerce administration, Breakeven, Trailing, Auto-Shut, Auto-Ranges.
    • [info] tab: Commerce statistics, market evaluation.

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