Trade Designer

Description

Trade Designer is an indicator that calculates the number of lots you have to trade if you want to risk a set percentage of your account per entry. It comes along with a free script that can be downloaded here https://www.mql5.com/en/market/product/6540.

Two or three price lines will appear on your chart. The green one represents the price to place the Take Profit, the red one represents the price to place the Stop Loss and the blue one represents the point where you want to enter the trade (if you use pending option).

You can modify the lines by double-clicking on them and dragging them to the price you want to set.

When you use the Trade Designer script and open a position, the indicator creates a .csv file (ticket_open.csv) and creates a print screen file (ticket_open.gif) which will be placed in the <Data folder>MQL4FilesTradingJournal<Account number><Ticket number>, for example:

"C:Program FilesmetaTrader 4MQL4FilesTradingJournal1729807706109395706109395_open.csv"

nclick="viewGallery_GalleryManager.GoToPrev();"> nclick="viewGallery_GalleryManager.GoToPrev();">

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,7);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,8);" />

ta itemprop="image" content="https://c.mql5.com/31/40/trade-designer-screen-1488.png" />

nclick="viewGallery_GalleryManager.GoTonext();"> nclick="viewGallery_GalleryManager.GoTonext();">