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


Commerce Assistant: multifunctional software for a handy buying and selling

  • This utility will enable you simplify, automate and make your buying and selling quicker, whereas considerably increasing the usual capabilities of the MetaTrader terminal.
  • When you have any questions, concepts for enchancment, or if you happen to instantly discover a bug, please contact me, I’m open to strategies:

The utility is split into 4 principal tabs:

  1. [new] tab: New trades, Lot / Danger / Danger-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 comprises further instruments that may be helpful for sure buying and selling actions,thereby simplifying and dashing up the buying and selling course of.

    • Every software could be turned on/off by clicking on the corresponding inexperienced button.
    • [always on] possibility: if enabled – an important instruments will stay energetic even when switching to the one other tab, or minimizing the principle panel. Click on [v] to decide on which instruments have to be energetic when utilizing the “All the time on” possibility.
    • To show off all of the instruments directly, use the [X] button on the high of the tab.
    • The positions of the indicator’s panels could be saved to a preset, after which you possibly can shortly choose a handy one: [L] (Location) button;
    • There are loads of settings on this tab: it can save you the configurations to a preset, after which load one of many presets if mandatory: [P] button.
    • Click on [v] to open the settings of the corresponding software.

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


    [Price Action] indicator

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

    Please observe: the indicator just isn’t initially configured for every Image and supplied ‘as is’: for one of the best outcomes, it’s endorsed 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. Modify the measurement of the chart arrows.
    3. On / off the present development filter [Trend, MA] :
      If energetic, solely patterns within the course of the present commerce will likely be displayed.
      The development is decided by Transferring Averages: their durations will 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 course because the earlier bar on present TF.
    5. [Higher TF] filter: patterns solely in the identical course 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. [] : click on to configure the patterns.
    8. Click on on the coloration pattern to vary it: individually for Purchase and Promote arrows.

    Tools, Price Action indicator

    Superior settings of the Worth Motion patterns

    You’ll be able to regulate every sample for one of the best buying and selling outcomes.

    • A tough visualization of what the sample will seem like is displayed on the left.
    • You’ll be able to [reset] the settings to the default settings.
    • There are loads of settings, however it can save you the configurations to a [Presets v], after which load one of many preset if mandatory.

    Tools, Price Action settings


    [Future Bar] software

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

    Indicator settings [v]:

    1. Choose the timeframe of the long run bar.
    2. [Unite] possibility: you mix the desired variety of final bars right into a single bar.
    3. [ / [>] buttons: transfer the long run bar to the left / proper relative to the present chart bar;
    4. [Countdown] to the closing time of the long run bar: displayed on the backside of the chart.
    5. Colours: could also be decided [automatically] (similar as chart’s candles), or you possibly can 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 – will likely be marked on the chart, indicating its measurement;
    2. The dimensions could be calculated both by the [body] (open-close) or by [shadow] (high-low).
    3. [Show both sizes] possibility: each physique and shadow sizes will likely be proven on the chart.
    4. On/off the alert on a brand new massive bar: terminal [alert] / [email] / [push] / [telegram];
    5. Colours: individually for Up and Down bars;

    Bar measurement could 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 development;
    • Helps to see probably the most vital bars;
    • Can be utilized when buying and selling binary choices;

    Tools, Large Bars


    [High / Low] indicator

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

    Indicator settings [v]:

    1. Choose the TimeFrames, the degrees of which will likely 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] (at the moment open).
    4. The road model / colours could be adjusted: click on on the colour pattern.

    This indicator:

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

    Tools, Highs and Lows indicator


    [Fibonacci] indicator

    Routinely 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 will likely be calculated. For instance:
      1 Bar: the degrees will likely be constructed based mostly on the Excessive/Low values of the final closed bar;
      2 Bars: the degrees will likely be constructed based mostly on the values of the final 2 closed bars;
    2. Set the TimeFrame that will likely 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 will likely be included within the calculation
    5. Customise the Fibonacci ranges. You may as well every of them, or your complete group:
      5 principal ranges, 6 up extension ranges, 6 down extension ranges.
    6. You’ll be able to reset [x] the degrees to the default settings (traditional Fibonacci ranges).
    7. To set the strains coloration: click on on the colour pattern (individually for 3 teams). Types would be the frequent.

    Tools, Auto Fibonacci levels


    [Gaps] indicator

    Reveals 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’ll be able to regulate the arrow colours: individually for Up and Down gaps.

    Tools, Gaps indicator


    [$$ Meter]: Cash meter software

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

    Indicator settings [v]:

    1. Lot measurement for calculation (there’s 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 course
    4. The extent from which the degrees ought to be calculated:
      a) the present market value [Calculate from the market],
      b) or a hard and fast value stage [Calculate from the price:]
    5. The road coloration and model

    Tools, Money Meter


    [Multi TF]: multi timeframe software

    Reveals 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’ll be able to regulate:

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

    Tools, Multi TimeFrame


    [Sessions] software

    Reveals the working hours of the world’s exchanges.

    • The vertical line strikes because the day progresses and exhibits the present time.
    • You’ll be able to see which markets are at the moment probably the most energetic, so you possibly can choose probably the most risky devices. Particularly helpful for the intra-day merchants.
    • This software opens in a separate window : it may be moved (drag anyplace), and minimized [^].
    • Within the settings [v] you possibly can regulate which period will likely be displayed on the decrease timeline:
      [GMT] / [Local time] in your laptop / [Broker’s time] on the Market watch

    Tools, Market Sessions


    [Profit Count] software

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

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

    Settings on the separate panel:

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

    Settings on the principle panel [v] :

    • You’ll be able to select the place the P/L achievement notifications will likely 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, resembling “EURUSD.professional“.

    Tools, Profit / Loss counter


    [Status bar] software

    Reveals essential market data on the backside of the chart.

    Within the settings [v] you possibly can optionally on/off every of the data:

    1. Native [Time] (in your laptop): it might 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 complete account:
      account forex / % of the account measurement: relying on the chosen kind 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 at the moment open (floating) bar; 1 = earlier closed bar, and so forth..
      b) Calculation strategies: [Open-Close] measurement (physique), or [High-Low] measurement (shadow).
      c) The dimensions could 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

    Reveals the course of the bars on all main timeframes.

    • Crimson: shut
    • Inexperienced: shut > open: shut value is greater than open value
    • Blue: shut = open: shut value is the same as the open value

    Within the window you can too set the Shift of the calculated bar, relative to the present bar:

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

    This indicator:

    • Lets you see the general development course;
    • Could also be helpful when buying and selling binary choices;
    • Helps to seek out the corrective and development actions;

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

    Tools, Bar Direction


    [Alerts]: notification when a value stage / development line is reached

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

    There are 2 alert sorts, you possibly can choose it utilizing the blue change on the high of the panel:

    • [Level]: alert on the value stage;
    • [Trend]: alert on the development line;

    There are 2 varieties of triggers: so you possibly can choose when the alert ought to be despatched:

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

    So as to add a brand new value alert:

    1. Kind the extent value, or set the worth change worth (relative to the present value).
    2. Click on [+] to save lots of the alert.

    When utilizing the worth change worth:

    • Use the blue change to set the calculation methodology: % of change / pips / factors.
    • Use [^] / [v] change to invert the extent in the other way from the present value:
      e.g. if it was [+10] pips (above), you possibly can invert it to [-10] pips (under).
    • If alert stage is inside the seen chart space: a separate interface for a fast alert setting will likely be displayed:
      • Drag [^ M v] to regulate the extent with the mouse. Maintain whereas shifting to make use of a magnet .
      • You may as well kind the worth / 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 development line alert:

    1. Click on [+] to begin drawing a development line.
    2. Use the DOTS on the chart to regulate the TL.
    3. Click on [+] to save lots of the development line, or [x] to cease drawing.

    Choices:

    • You’ll be able to set the expiration: if [Exp] is energetic, alert will likely be cancelled after the desired time.
    • [Note]: add a reminder of what must be achieved when the alert is triggered.

    On the high of the panel:

    • [Show]: if energetic, the alert strains will likely be visualized on the chart. When the energetic Alert ranges are displayed on the chart, you possibly can click on on the extent description to begin the modification.
    • The full quantity of the energetic alerts on all Symbols is displayed on the high proper nook.
    • [v]: click on to indicate the listing of the alerts
    • [color]: click on to set a coloration to visualise alert on the chart. It should be chosen earlier than the alert is saved.

    Working with the listing of the alerts:

    • Use the blue change to change between the [Active alerts] and [Triggered alerts];
    • You’ll be able to view the alerts on [Current] Image, for the desired [Symbol:] , or [ALL] alerts;
      When utilizing [Symbol:] methodology, you can too test the alerts for the group of Symbols:
      e.g. kind ‘EUR‘ to test alerts on all forex pairs with EUR.
    • Click on [x] to delete alerts: individually, or ALL from the listing (if you happen to click on [x] on the first row);
    • When checking the [Active alerts] listing:
      • Click on on the Image to use it to the present chart;
      • Click on on the Worth to change the alert: parameters could be adjusted above, and the alert could be dragged on the chart (if seen);
      • The present distance from the market value to the alert stage is calculated: you possibly can set the calculation methodology utilizing the blue change: pips / factors / %. Click on on the distance worth to make use of the alert value because the entry stage for a brand new commerce;
      • Click on on the Observe 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’ll be able to on/off every kind of the notification: [alert] / [email] / [push] / [telegram]
    • [Show alerts on the chart]: if energetic, the alerts will likely be visualized on the chart.
    • [Bring chart to front]: if energetic, the chart of the triggered alert will likely be moved ahead.
    • [Leave triggered alerts]: if energetic, triggered alerts will likely be moved to a separate listing, and will likely be visualized on the chart. So it is possible for you to to investigate the reached ranges.
      Then you possibly can delete triggered ranges manually in 2 methods:
      • From the triggered listing 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 stage because the entry value for a brand new commerce.
    • [Quick button]: if energetic – an extra button on the backside of the chart will likely 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 methodology: [Shadows] (high-low costs), or [Bodies] (open-close costs).
    3. Choose the timeframe, the place the vary ought to be displayed: e.g. if you choose every day [D1] TF, the vary won’t be seen on the weekly timeframe, however will likely be seen on all timeframes decrease than D1 (4H, 1H, M30…).
    4. If utilizing [bars] kind (pt.1), you additionally must set:
      a. TimeFrame for calculation.
      b. [Include open] possibility: if energetic, 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] software

    Extra textual content on the background of the chart.

    Indicator settings [v]:

    1. The textual content measurement and coloration;
    2. Place, nook: Prime left / Prime proper / Middle / Backside left / Backside proper.
    3. Select what will likely be displayed: both the present [Symbol + TF] , or your [Custom] textual content.
      a. When utilizing the [Symbol+TF] possibility, you can too configure:
      i. You’ll be able to 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 title has an extra indicators, resembling “EURUSD.professional“.

    Tools, Watermark


    [Market watch] software

    Monitor your favourite Symbols.

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

    You’ll be able to regulate 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 might both be the final [closed bar] , or the present [floating bar].
    3. Choose the [timeframe] for calculation.
    4. There are 2 varieties of the worth sorting : by the [Symbol] title, or by the worth [change].
    5. The values could 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 share of the worth 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;

    Ideas: when the ‘Market Watch’ utility is energetic:

    • Use the left / proper keyboard buttons to change by the listing of the Symbols.
    • You may as well click on on the Image title to open its chart.

    Tools, Market Watch


    [Bar Sizes] software

    Calculates the bar sizes of 9 principal timeframes.

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

    On the panel, you possibly can regulate the calculation:

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

    Tools, Bar Sizes


    [Supp / Res]: help / resistance zones

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

    The indicator exhibits the place the worth might probably be reversed once more.

    Often, the extra occasions the worth has been rejected from the extent, the extra vital it’s.

    Indicator settings [v]:

    1. [Show zone descriptions]: if energetic – there will likely be a short information for every chart space.
    2. [Also show weak zones]: if energetic – unconfirmed zones will even be seen.
    3. [Always show indicator]: if energetic – 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 will likely be used when calculating the zones.
    5. You’ll be able to set the fundamental colours : individually for the help and resistance: chosen coloration will likely be much less intense for a weak zones, so it is going to visually enable you analyze the chart.

    Tools, Supply and Demand zones


    [News] software

    Visualization of the financial occasions on the chart.

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

    Through the main information, there could also be an elevated value volatility.

    Indicator settings [v]:

    • Affect: select the information of what significance you wish to see: Low+ / Medium+ / Excessive solely.
    • [Show past events]: if enabled, the previous occasions will even be seen.
    • [Current Symbol only]: if energetic, solely occasions associated to the chart Image will likely be proven.
    • Dealer time from GMT: set the time distinction of your dealer, in comparison with the Greenwich Imply Time.
      You utilize [Auto] possibility as a substitute: time will likely be synchronized if the market is open.
      When setting the time distinction manually: Dealer’s time could be checked on the ‘Market watch’ (View -> Market Watch);
      If GMT = 17:30, and the dealer’s time = 19:30: worth ought to be +2 (hours);
      If GMT = 17:30, and the dealer’s time = 16:30: worth ought 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) -> Professional Advisors:
      b) Activate ‘Enable WebRequest for listed UR L’ possibility;
      c) Add URL “https://ec.forexprostools.com/” to the listing;
    • To set the strains coloration : click on on the colour pattern (individually for every impression).

    Tools, Economic news


    [Highs & Lows] software

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

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

    Indicator settings [v]:

    • Every stage could be enabled / disabled: [on] button;
    • Subsequent, you possibly can 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 possibly can 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 coloration.

    Tools, High and Low levels


    Drawing software

    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’ll be able to choose the comb coloration : 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 most recent drawing action.
    • Click [e] to activate the Eraser: its measurement could be adjusted with the [-] / [+] buttons.
    • You’ll be able to quickly Disguise 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) coloration could be personalized within the settings [s] on the [new] tab.

    Tool, Drawing


    Fibonacci software [f]

    You’ll be able to draw customized Fibonacci ranges with exact positioning of begin and finish factors.

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

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

    For exact positioning, the magnet is enabled by default, however you possibly can 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 notice tooltips on the high of the chart.

    Tools, Manual Fibonacci levels


    Hyperlinks to the descriptions of the different tabs:

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

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