Consumer Tips consists of:
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I. Overview
Straightforward Toolbar is a feature-rich however user-friendly toolkit that you should use to investigate market with Market Evaluation instruments, get notifications with Alert Supervisor, calculate your commerce components with Commerce Helper and another miscellaneous.
This toolkit helps you analyze market and commerce sooner, extra correct and far simpler by:
- Re-invent the best way to make use of market evaluation instruments
- Add new vital market evaluation instruments
- Present Ruler device to measure chart shortly
- Present Commerce Helper device to calculate and place order
- Present Alert Supervisor device to setup and mange alerts
- Miscellaneous options
Fast notes:
- This toolkit works as an Professional Adviser
- When including Straightforward Toolbar into chart, Menu Bar seems on the left. You may entry all instruments from this menu bar
- You might want to Enable stay buying and selling for this toolkit as Commerce Helper device want this proper to makes trades
- This toolkit works with all symbols and timeframes in multi-windows and multi-charts
- We tried to make this toolkit easy and simple to make use of. We count on you know the way to make use of it if you see it. Nevertheless, please spend some occasions to learn sections under to grasp all the things clearly
II. Enter setup tips
While you add Straightforward Toolbar into your chart, please bear in mind to verify “Enable stay buying and selling” choice in Frequent tab. The toolkit wants this proper that will help you make trades by Commerce Helper device
Within the Inputs tab, you see choices to customise some toolkit behaviors and styling. We tried to make them so simple as under
Right here is that means of enter above:
- Magnet Mode: Activate/off magnet mode. Magnet mode is the function to let object factors stick with nearest Open/Excessive/Low/Shut values of bars in foremost window or indicator values in sub-windows if you draw or edit objects and different instruments
- Magnet Delicate: Delicate degree of magnet mode. Larger worth for extra delicate. Extra delicate means stick with values when the mouse pointer is additional
- Toggle Controls Key: Key to toggle on/off the menu bar. Press this key to cover menu bar. Press it once more to indicate menu bar
- Darkish Theme: Activate/off the darkish theme (for controls and panels)
- Default Shade: Default colour of research objects
- Default Thickness: Default thickness of research objects
- Default Line Type: Default line type of research objects
- Bullish Shade: Shade used for bullish state in some instruments (Ruler, Commerce Helper…)
- Bullish Textual content Shade: Textual content colour used for bullish data in bullish state
- Bearish Shade: Shade used for bearish state
- Bearish Textual content Shade: Textual content colour used for bearish data in bearish state
- Crosshair Shade: Shade of Crosshair strains
When Straightforward Toolbar connected to chart efficiently, you will notice the menu bar in left facet of chart with checklist of instruments and in a position to click on on gadgets to indicate sub-menus as under (in darkish mode and lightweight mode):
III. Market evaluation instruments tips
Market evaluation instruments or objects are supplied in MetaTrade by default. These instruments are vital if you’re a dealer who are usually not absolutely rely on EAs and work to investigate market on a regular basis. Nevertheless, we will not say that we love issues supplied. Due to that, we re-invented the best way to make use of them to made them sooner to entry, simpler to make use of and extra correct with these enhancements:
- Present instruments proper on chart and well-grouped in menu bar
- Choose & draw objects a lot faster
- Create objects with live-preview and with out mouse urgent
- Present fast setup on end
- Fast entry to pleasant Properties panel with live-preview
- Reside regulate complicated instruments that may’t do by default
- Versatile magnet mode for correct drawing and enhancing in foremost window and sub-windows
- And another tiny issues
I imagine you may love above enhancements. They assist your work accomplished a lot sooner, simpler and extra correct. Straightforward Toolbar additionally present new instruments that many merchants on the lookout for:
- Superior Crosshair with vital market information proper in your mouse
- Polyline to attract multi-trend in a single time
- Circle to attract circles (Why this isn’t supplied by default?)
- Button, Edit, Occasion, Rectangle Label objects
You will see these instruments in high of menu bar, in sub menu
Checklist of Market Evaluation instruments:
- Strains & Shapes: Vertical Line; Horizontal Line; Ray; Arrow Line; Development Line; Development Angle; Polyline; Cycle Strains; Rectangle; Triangle; Circle; Ellipse
- Channels: Equidistance Channel; StdDev Channel; Regression Channel; Andrew Pitchfork
- Fibonacci: Fibonacci Retracement; Fibonacci Time Zones; Fibonacci Fan; Fibonacci Arcs; Fibonacci Channel; Fibonacci Enlargement
- Ganns: Gann Line; Gann Fan; Gann Grid
- Indicators: Thumb Up; Thumb Down; Arrow Up; Arrow Down; Cease Signal; Examine Signal; Left Value Label; Proper Value Label; Purchase; Promote; And about 200 different symbols that actually helpful
- Graphics: Textual content; Label; Button; Edit; Occasion; Rectangle Label
Under is an instance of utilizing market evaluation instruments to investigate market
Draw and Edit market evaluation objects
- Click on an merchandise in foremost menu to open sub-menu, choose device/object you need to use
- Click on wherever on chart to start out drawing
- Click on 1, 2 or 3 factors (variety of factors is rely on object kind) on chart to attract, object is stay up to date if you transfer your mouse
- Do not press mouse buttons whilst you draw, simply click on on level your need to draw
- Drawing is auto-finished if you click on sufficient factors on chart
- When end drawing, there is a dialog seems immediately to permit you replace widespread choices (colour, thickness, type…). That is Fast Setup dialog. Distinction choices for distinction object varieties
- Click on on level of object and drag it to replace object factors
Change properties of market evaluation objects
- Click on on factors of an object to pick it. Click on wherever on chart to deselect it
- When object is chosen, Fast Setup dialog seem
- Click on Extra button (three-dot icon) on Fast Setup dialog to open Properties dialog
- Click on Delete button (trash bin icon) on Fast Setup dialog to delete object
- Properties dialog exhibits all choices/properties you’ll be able to change. Usually, it has Params tab for foremost choices and Visibility tab for present/conceal object primarily based on timeframes
- Properties dialog of Fibonacci instruments has Ranges tab that lets you change visibility, colour, worth of as much as 10 ranges
- Modifications in Fast Setup dialog will probably be saved mechanically
- Modifications in Properties dialog will probably be proven immediately for live-preview. Nevertheless, it’s good to click on Affirm button to avoid wasting modifications. In any other case, click on Cancel button to revive modifications
Vital notes:
- These instruments work in main-window and sub-windows (indicator home windows)
- When Properties dialog is open, you’ll be able to’t choose different object or click on on menu gadgets or working with different panels
- We preserve some default behaviors of objects reminiscent of factors to pick, foremost choices/properties, visibility… however re-arrange to make them cleaner and simpler to make use of
- Polyline and Path are limitless level objects. You may draw them with simply 2 factors or as a lot as you need. While you need to end, double-click on cease level
- To pick out Circle object, click on on central-top, central-bottom or central-left factors
- Do not use default properties dialog (entry by way of right-click) to alter object properties, it could trigger conflicts
Under photos present examples of Fast Setup dialog and tabs in Properties dialog:
IV. Superior Crosshair tips
Superior Crosshair is a crosshair device that present vital data (as you’ll be able to see in information window) proper in your mouse pointer if you hover a bar in foremost window or indicator home windows.
- To begin utilizing Superior Crosshair device, click on on the primary merchandise in menu bar to pick it, then transfer your mouse pointer to the bar you need to see data
- Click on wherever on chart to cease utilizing Superior Crosshair
- You may change colours of this device by way of Professional setup inputs
- When hover bars in sub-windows (indicator home windows), worth data for that indicator however others are for primarily based on the bar in foremost window
IV. Ruler tips
Ruler device helps you measure 2 factors on chart shortly and supply these data:
- Variety of bars and length
- Change in worth, factors and p.c
- Complete quantity
- Variety of bullish and bearish bars
use Ruler
- Choose Ruler device on menu bar
- Click on on the start line the place you need to begin measure
- Transfer your mouse to the ending level the place you need to finish measure
- See measure data on the field
- Click on wherever on chart to take away ruler
Vital observe: Ruler does not work with customized indicators that not supplied by MetaTrader by default.
V. Commerce Helper tips
Commerce Helper helps calculate commerce components and place order shortly and visually. It gives:
- Order Visualization panel on chart with entry, cease loss and take revenue ranges
- Reside regulate visualization panel and pre-view your commerce components
- Auto-calculate lot dimension primarily based on threat or repair it and know your threat
- Danger on account foreign money or stability/Fairness/Free margin
- Cease Loss degree in absolute worth, in factors or adjusted primarily based on threat
- Take Revenue degree in absolute worth, in factors or in Danger/Reward ratio
use Commerce Helper
- Choose Commerce Helper device on menu bar
- Click on on entry degree or wherever on chart to indicate Order Visualization panel
- Drag to regulate entry/cease loss/take revenue ranges on panel
- Learn data calculated on panel for particulars of commerce you plan to position
- Begin order immediately by click on Place Order button on Fast Setup dialog
- For extra detailed setup, click on Extra button on Fast Setup dialog to indicate Commerce Calculator panel
- Click on Place Order button on Commerce Calculator panel to position order you calculated fastidiously
Please observe that:
- Modifications on Commerce Calculator panel are proven to Order Visualization panel with extra data after calculated
- You may regulate ranges on Order Visualization panel and modifications will probably be up to date on Commerce Calculator panel
Commerce Calculator setup
It consists of 3 sections: Entry, Cease Loss and Take Revenue. There are constrains amongst fields to auto-calculate entry/cease loss/take revenue ranges, entry lot dimension, threat, threat/reward ratio.
The primary thought is when updating a number of fields, different components are auto-calculated to allow you to know entry lot dimension, threat and threat/reward ratio.
Please permit us use variant_type_name of fields to elucidate because it’s simpler to deal with fields. Please additionally permit us clarify in not-full-sentence type to make description shorter.
- Entry kind: Course of commerce
- Entry lot kind: If “Mounted Lot” on, enter lot dimension quantity and it’ll not be mounted. In any other case, lot dimension will probably be auto-calculated
- Entry lot dimension (entry_lot_size)
– Enter lot dimension you need to purchase/promote right here. When this subject is up to date, Cease loss degree and R/R might be up to date. Simply enabled if “Mounted Lot” on
– If disabled, worth of this subject will probably be calculated primarily based on cease loss degree
– Lot dimension is calculated with this method: stop_loss_risk / (stop_loss_points * point_value). level_value is dependent upon image/foreign money pair
– Lot dimension is auto rounded to a legitimate lot dimension
– Default is 10 * minimum_lot - Entry value kind
– Entry commerce by mounted value or market value (Purchase = Market Ask; Promote = Market Bid)
– If decide “Mounted Value”, enter value within the subsequent subject
– If decide “Market Bid/Ask”, you’ll be able to particular an adjustment quantity in factors for higher entry level. With this selection, Order Visualization panel will transfer up/all the way down to mirror market value modifications - Entry value worth: Particular entry value right here. Simply out there if Entry value kind is “Mounted Value”
- Entry regulate factors
– Outline an adjustment level quantity from the market value. Simply out there if Entry value kind is “Market Bid/Ask”
– Could be a constructive or adverse quantity
– Will probably be add on to market bid/ask value. It does not care the entry course - Cease loss value (stop_loss_price)
– Cease loss degree of commerce in absolute worth
– If up to date, these fields could up to date: stop_loss_points, take_profit_rr, stop_loss_risk (if “Mounted Lot” on), entry_lot_size (if “Mounted Lot” off) - Cease loss factors (stop_loss_points)
– Cease loss degree of commerce in level change worth
– If up to date, these fields could re-calculated: stop_loss_price, take_profit_rr, stop_loss_risk (if “Mounted Lot” on), entry_lot_size (if “Mounted Lot” off)
– Default is 200 factors - Cease loss threat (stop_loss_risk)
– Outline reasonably priced threat of commerce here- Unit might be absolute quantity in account foreign money (USD, EUR,…) or p.c of account stability/fairness/free margin
– Select unit by choose from dropdown checklist above this subject
– Danger might be over account stability if utilizing absolute quantity however most 100% if utilizing p.c of account stability/fairness/free margin
– If up to date, these fields could re-calculated: entry_lot_size (if “Mounted Lot” off), stop_loss_price/stop_loss_risk (if “Mounted Lot” on), take_profit_rr (if “Mounted Lot” on)
– Default is 200 factors * point_value - Take revenue value (take_profit_price)
– Take revenue degree of commerce in absolute worth
– If up to date, these fields are re-calculated: take_profit_points, take_profit_rr - Take revenue factors (take_profit_points)
– Take revenue degree of commerce in level change worth
– If up to date, these fields are re-calculated: take_profit_price, take_profit_rr
– Default is 300 factors - Take revenue R/R (take_profit_rr)
– Particular threat/reward ratio of commerce right here
– If up to date, these fields are re-calculated: take_profit_price/take_profit_points
– Take revenue R/R is calculated primarily based on this method: take_profit_points / stop_loss_points - “#Use final setup” button: Restore final legitimate calculator setup
- “#Reset” button: Restore modifications
Vital notes:
- As a result of account stability/fairness/free margin is up to date ceaselessly rely on open positions/orders, Commerce Calculator makes use of newest worth when it created or when threat unit is up to date. So if utilizing threat unit account dimension and need to replace to newest worth, please re-select threat unit from dropdown checklist
- “Use final setup” does not restore entry value. It respects present entry value
- “Use final setup” could not restore the identical stop_loss_risk worth if threat unit is p.c of your account dimension as Commerce Calculator use newest account worth
VI. Alert Supervisor tips
Alert Supervisor helps create instantly notifications for commerce alternatives by way of channels you like
- Arrange notifications you need to obtain for distinction symbols, situations…
- 7 in style situations to choose
- 4 channels to be notified
- Filter, replace, delete notifications
create an alert
- Click on Alert Supervisor button on menu bar to indicate Alert Supervisor panel
- Click on “Add Alert” button
- Setup alert
- Click on verify
Setup alert fields:
- Image: Select alert on image
- Timeframe: Select timeframe for alert. This subject is significant with situations that utilizing “Bar”. In any other case, you’ll be able to decide any timeframe
- Situation: Situation to fireside alert. There are 7 situations are supported:
1. Cross: Value crosses over a specified value (you’ll particular later)
2. Cross Up: Value crosses up (from under to above) a particular value
3. Cross Down: Value crosses down (from above to under)a particular value
4. Higher Than: Value is bigger than a particular value
5. Much less Than: Value is lower than a particular value
6. Transfer Up %: Value strikes up a particular p.c in a particular variety of bars (you’ll particular later)
7. Transfer Down %: Value strikes down a particular p.c in a particular variety of bars - Value: Particular value for first 5 situations above. Not out there if situation is “Transfer Up %” or “Transfer Down %”
- %: Particular p.c for two newest situations above. Simply out there if situation is “Transfer Up %” or “Transfer Down %”
- Bar: Particular bar for two newest situations above. Simply out there if situation is “Transfer Up %” or “Transfer Down %”
- Expiration: Expiration time of alert. Alert will probably be eliminated if time is over however situation does not meet. Time is Server Time
setup alert channels
You may get notification by way of 4 channels, activate/off channels as under:
- Click on Alert Supervisor button on menu bar to indicate Alert Supervisor panel
- Choose Settings tab
- Toggle on/off channels you need to obtain notification or not
Checklist of alert channels
- Terminal alert: An alert dialog that seems on working terminal
- Terminal sound: A sound that seems on working terminal
- Cellular notification: A cellular notification that ship to your cellular. To make this selection works, it’s good to set up MetaTrader app and arrange MetaQuotes ID. Tips right here
- Electronic mail: An e-mail that ship to your mailbox. To make this selection works, it’s good to setup e-mail SMTP. Tips right here
view out there alerts
- Click on Alert Supervisor button on menu bar to indicate Alert Supervisor panel
- Checklist of lively alerts with foremost data are proven on checklist
- You may filter alerts by:
– Image filter to filter alerts by image. Simply out there symbols present on checklist
– Situation filter to filter alerts by situation
edit an alert
- Click on Alert Supervisor button on menu bar to indicate Alert Supervisor panel
- Click on three-dot icon subsequent to alert on checklist to start out edit
- Replace fields you need to change. Which means of fields are defined above
- Click on Affirm
take away alert(s)
All alerts that fired or expired will probably be eliminated mechanically. If you wish to take away an lively alert:
- Click on Alert Supervisor button on menu bar to indicate Alert Supervisor panel
- Click on cross icon subsequent to alert on checklist and click on Affirm
VII. Present/Disguise/Take away objects
Straightforward Toolbar permits you present/conceal all created objects and panels by simply 1-click. You can too in a position to take away all objects by 1-click too.
Present/Disguise objects and panels
- Click on Present/Disguise button on menu bar to toggle objects and panels visibility
Take away All objects and panel
- Click on Take away button then choose “Take away All”
VIII. Save/Load chart
Save As Image
This selection saves your present chart as an image
- Click on Save button on menu bar and choose “Save As Image”
- Select the identify of image
- Click on Save
Save Objects
This selection saves all objects in chart as a .csv file. In contrast to “Save As Template”, this selection simply save objects solely.
- Click on Save button on menu bar and choose “Save Objects”
- Select the identify of file
- Click on Save
Load Saved Objects
This object masses your saved objects and re-create them on chart. In contrast to “Load Saved Template”, this selection simply masses saved objects. It will ignore objects in indicator home windows if the present chart does not have that indicators. The present chart image and image of saved objects should be identical.
- Click on Save button on menu bar and choose “Load Saved Objects”
- Choose the file you saved
- Click on Open
Save As Template
This selection saves present chart as a template (.tpl file). In contrast to “Save Objects”, this selection saves all the things on chart (chart choices, indicators…)
- Click on Save button on menu bar and choose “Save As Template”
- Select the identify of file
- Click on Save
Load Saved Objects
This object masses your saved template and apply it. In contrast to “Load Saved Objects”, this selection will load and apply all the things of saved chart.
- Click on Save button on menu bar and choose “Load Saved Template”
- Choose the file you saved
- Click on Open
Vital notes for Save/Load choices:
- Saved photos/information are saved in MetaTrader Knowledge Folder. Usually, it is within the path like this: C:CustomersYour_UsernameAppDataRoamingMetaQuotesTerminalYour_Terminal_IdMQL4FilesETB
- You may entry Knowledge Folder out of your MetaTrader utility by click on FileOpen Knowledge Folder. Then choose MQL4FilesETB from open file dialog
- You additionally simply in a position to load saved objects and templates from the folder above to guard you from violate entry