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MT5 Trading Tool

A GUI-based calculator for Forex trading using the MT5 platform. It currently includes the following functions:

  • Entry and execution of a trade order
    • Includes entry of a stop loss, takeprofit, percentage risk, deviation and entry price for pending orders
  • A function that automatically sets the take profit to be a desired risk : reward ratio
  • Placement of pending orders including Buy / Sell limits and stops
  • An automatic calculation of volume based on the chosen risk, the entered stop loss and entry price
  • Ability to open a double order instantly
  • Functions that return both open positions and pending orders respectively
  • The ability to instantly close all open positions in their entirety
  • The ability to close half or a desired percentage of open positions. This will soon take a position ID as input to select a single position to enact these changes
  • Instantly cancel all pending orders or select a specific order to cancel via its position ID
  • A function to halve the risk of an order
  • A 'runner' function that instantly sets the stop loss a few points above break even, it closes 80% of the open position and increases the take profit level
  • Auto break even function sets an orders stop loss a few points above the inital entry price. Currently not 'automatic'

Potential Future Functionality

I am looking to add some automatic functions that screen the prices and act accordingly. This includes implementation of a partial take profit which will be used to either close a desired percentage of the posititon, begin a runner or even just automatically go to break even once this partial TP is met.

I also need to fully implement the selection of a position ID for the corresponding functions.

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Trading calculator to quickly and accurately evaluate and execute on trading positions

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