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  3. This Expert Advisor (EA) helps you automatically trail your stop loss by R-multiple, in MT4. 

    It is highly customizable and is flexible enough to work for most trading strategies. 

    To learn how it works, go here

    $97.00

  4. Get Inside Bar Alerts From Metatrader 4 via: Desktop Popup, Chart Marker, Email, Text and Mobile App Push Notification

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    Inside Bars are a clue that the market could be consolidating before a breakout. Obviously, there are many different ways to trade Inside Bars, but regardless of how you trade them, this indicator can help ensure that you don't miss a valuable setup.

    Summary of How the MT4 Inside Bar Alerts Indicator Works

    This indicator can alert you to Inside bar opportunities via email, text message (where available), mobile app push notification, chart marker, or desktop popup.

    There really isn't much to it...just install it and go.

    We have kept it simple, yet flexible, so it will work with almost any type of Inside Bar trading strategy.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

    You can customize this indicator by using the following settings...

    Indicator Settings Explained

    Here are the settings that are available for this indicator.

    inside-bar-settings.jpg.e79c28b59133bf5b223baaea4da7f3fc.jpg

    DoAlert - Activate on-screen alerts in Metatrader 4.
    DoNotification - Activate Metatrader 4 mobile app push notifications. Push notifications need to be setup in your Metatrader 4 settings for this to work.
    DoEmail - Activate email alerts. Email alerts need to be setup in your Metatrader 4 settings for this to work.
    MarkInsideBarOnChart - When set to "true" the markers will appear on the chart. You can set it to "false" to hide the markers and keep your charts clean. The alerts will still work.
    PlotAboveBar - When set to "true" the marker will be drawn above each candle. If set to "false" it will be drawn below the candle.
    InsideBarSymbol - Metatrader wingdings symbol number that is used to mark Inside Bars.
    PlotOffsetPnts - Sets the distance between the Inside Bar markers and the bars. If you trade on higher timeframes, you may need to increase this number.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

    Choose Your Timeframe

    Use the built-in MT4 timeframe selector to determine which timeframe you will get alerts on.

    mt4-timeframes.jpg.4037d60b420a8b1ba3004d06c6f10c12.jpg

    Hedge Fund Quality Programming and Support

    This indicator has been custom built from the ground up by Adam Hartley of Snapdragon Systems. Adam has done custom programming for clients like the Tudor Group, Barclays Capital and many more.

    When you buy this indicator, you can be assured that you are getting the highest quality programming at a reasonable price. Snapdragon Systems provides full support for this indicator and you can contact them if you have any questions.

    Frequently Asked Questions

    Do all Inside Bars signal potential trading opportunities?

    No. This indicator is meant to assist with trading strategies that use Inside Bars as potential entry signals. Inside Bars alone are NOT entry signals. You need to have a proven Inside Bar trading strategy before using this indicator.

    Is there a guarantee?

    We guarantee that if you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. However, since this is a downloadable product, we do NOT provide refunds. 

    Will this work with my broker?

    This indicator will work with any broker that uses the MT4 platform.

    How do I download the indicator after I purchase it?

    After you have purchased the indicator, go to Trading Heroes Institute and click on:

    Store > Manage Purchases > Manage

    manage.jpg.c8dbb5b5a9bcf6a7a1b0fbd3f3577450.jpg

    Can I use this indicator on more than one computer?

    Yes, you can use this on any computer that you own. 

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

     

     

     

    Terms of Use:  Although every effort has been made to create the best Metatrader 4 indicators on the market, we are not responsible for trading losses associated with the use of this indicator. By using this indicator, you automatically agree to these terms of use. No representation is being made that this indicator will guarantee profits, or not result in losses from trading. The occurrence of an Inside Bar does not guarantee profits. 

    $29.00

  5. Get Engulfing Bar Alerts From Metatrader 4 via: Desktop Popup, Chart Marker, Email, Text and Mobile App Push Notification
     

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    An Engulfing Bar can be a clue that the market is going to make a decisive move. They can be especially useful in identifying market turning points.

    If you trade an Engulfing Bar trading strategy, then this indicator can keep you from missing valuable setups.

    Summary of How the MT4 Engulfing Bar Alerts Indicator Works

    Our Engulfing Bar indicator will mark this chart pattern on the chart and send you alerts via email, mobile app push notification and/or text message (when available).

    You can define which type of Engulfing Bar you are looking for: total engulfing, body engulfing only or both.

    The indicator can mark Engulfing Bars on your chart, or you can hide them and only use the alerts.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

    Indicator Settings Explained

    Here are the settings that are available for this indicator.

    engulfing-indicator-settings.jpg.9449188eb678793e8a61ca41e6f3cc3b.jpg

    • DoAlert – Activate on-screen Engulfing Bar alerts in Metatrader 4.
    • DoNotification – Activate Metatrader 4 mobile app push notifications. Push notifications need to be setup in your Metatrader 4 settings for this to work.DoEmail – Activate email alerts. Email alerts need to be setup in your Metatrader 4 settings for this to work.
    • MarkOutsideBarOnChart – You can remove the Engulfing Bar markers on your charts to keep your charts clean (select false). Even if you remove the markers, the alerts will still work.
    • EngulfType – Define the type of Engulfing Bar you want to get alerts for:
      • HighLowEngulfing – The high and low of the Engulfing Bar have to engulf the entire previous bar.
      • BodyEngulfing – The high and low of the Engulfing Bar body has to engulf the body of the previous bar.
      • Both
    • PlotAboveBar – When set to “true” the marker will be drawn above each candle. If set to “false” it will be drawn below the candle.
    • OutsideBarSymbol – Metatrader wingdings symbol number that is used to mark Engulfing Bars.
    • PlotOffsetPnts – Sets the distance between the Engulfing Bar markers and the Engulfing Bars. If you trade on higher timeframes, you may need to increase this number.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

    Choose Your Timeframe

    Use the built-in MT4 timeframe selector to determine which timeframe you will get alerts on.

    mt4-timeframes.jpg.4037d60b420a8b1ba3004d06c6f10c12.jpg

    Hedge Fund Quality Programming and Support

    This indicator has been custom built from the ground up by Adam Hartley of Snapdragon Systems. Adam has done custom programming for clients like the Tudor Group, Barclays Capital and many more.

    When you buy this indicator, you can be assured that you are getting the highest quality programming at a reasonable price. Snapdragon Systems provides full support for this indicator and you can contact them if you have any questions.

    Frequently Asked Questions

    Do all Engulfing Bars signal potential trading opportunities?

    No. This indicator is meant to assist with trading strategies that use Engulfing Bars as potential entry signals. Engulfing Bars alone are NOT entry signals. You need to have a proven Engulfing Bar trading strategy before using this indicator.

    Is there a guarantee?

    We guarantee that if you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. However, since this is a downloadable product, we do NOT provide refunds. 

    Will this work with my broker?

    This indicator will work with any broker that uses the MT4 platform.

    How do I download the indicator after I purchase it?

    After you have purchased the indicator, go to Trading Heroes Institute and click on:

    Store > Manage Purchases > Manage

    manage.jpg.c8dbb5b5a9bcf6a7a1b0fbd3f3577450.jpg

    Can I use this indicator on more than one computer?

    Yes, you can use this on any computer that you own. 

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

     

     

    Terms of Use:  Although every effort has been made to create the best Metatrader 4 indicators on the market, we are not responsible for trading losses associated with the use of this indicator. By using this indicator, you automatically agree to these terms of use. No representation is being made that this indicator will guarantee profits, or not result in losses from trading. The occurrence of an Engulfing Bar does not guarantee profits. 

     

    mt4-timeframes.jpg

    $29.00

  6. Get Relative Strength Index (RSI) Alerts From Metatrader 4 via: Screen Popup, Chart Marker, Email, Text and Mobile App Push Notification

    mt4-rsi-alerts-indicator.thumb.jpg.4106e012bae9df6320f42fab123d7296.jpg

    The Relative Strength Index or RSI indicator is one of the most frequently used indicators in trading. Unfortunately, the RSI indicator that comes standard with MT4 is lacking a few key features.

    If you have been frustrated with the vanilla version of this indicator, then our customized version just might be what you are looking for…

    Summary of How the MT4 RSI Alerts Indicator Works

    Our custom RSI indicator uses the standard RSI calculation, but it adds a few super-useful upgrades. This is the RSI indicator that should come standard with MT4. 

    Obviously we are a little biased, but have a look and  decide for yourself.

    Our indicator has the following benefits:

    • Never miss another RSI setup when you are away from your computer
    • A colored RSI line makes it easy to see when price is overbought or oversold
    • Get alerts when price moves into overbought/oversold, out of overbought/oversold, or both
    • Customize how you want to receive alerts: screen, mobile app push notification, text message (where available) and/or email. Choose one or more methods that work for you.

    You can customize this indicator by using the following settings…

    Indicator Settings Explained

    Here are the settings that are available for this indicator. Unlike other RSI indicators you may find on the internet, this indicator has been streamlined and is easy to use.

    rsi-settings.jpg.3449c35b0a5807af4af8e96a42d9ac05.jpg

    RSIPeriod – The number of periods (bars) you want to calculate the RSI over.
    OverBoughtLevel – The overbought level where you want an alert to trigger.
    OverSoldLevel – The oversold level where you want an alert to trigger.
    alertType – You can choose if you want the alert to trigger:

    • As RSI moves into overbought/oversold
    • As RSI moves out of overbought/oversold
    • Both

    DoAlert – Activate on-screen RSI alerts in Metatrader 4.
    DoNotification – Activate Metatrader 4 mobile app push notifications. Push notifications need to be setup in your Metatrader 4 settings for this to work.
    DoEmail – Activate email alerts. Email alerts need to be setup in your Metatrader 4 settings for this to work.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

    Choose Your Timeframe

    Use the built-in MT4 timeframe selector to determine which timeframe you will get alerts on.

    mt4-timeframes.jpg.c242e88e1a1a7efb0404ac1e50949c4a.jpg

    Hedge Fund Quality Programming and Support

    This indicator has been custom built from the ground up by Adam Hartley of Snapdragon Systems. Adam has done custom programming for clients like the Tudor Group, Barclays Capital and many more.

    When you buy this indicator, you can be assured that you are getting the highest quality programming at a reasonable price. Snapdragon Systems provides full support for this indicator and you can contact them if you have any questions.

    Frequently Asked Questions

    Are all RSI signals potential trading opportunities?

    No. This indicator is meant to assist with trading strategies that use RSI as a potential entry signal. RSI alone is NOT an entry signal. You need to have a proven RSI trading strategy before using this indicator.

    Is there a guarantee?

    We guarantee that if you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. However, since this is a downloadable product, we do NOT provide refunds. 

    Will this work with my broker?

    This indicator will work with any broker that uses the MT4 platform.

    How do I download the indicator after I purchase it?

    After you have purchased the indicator, go to Trading Heroes Institute and click on:

    Store > Manage Purchases > Manage

    manage.jpg.c8dbb5b5a9bcf6a7a1b0fbd3f3577450.jpg

    Can I use this indicator on more than one computer?

    Yes, you can use this on any computer that you own. 

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

     

     

    Terms of Use:  Although every effort has been made to create the best Metatrader 4 indicators on the market, we are not responsible for trading losses associated with the use of this indicator. By using this indicator, you automatically agree to these terms of use. No representation is being made that this indicator will guarantee profits, or not result in losses from trading. The occurrence of a RSI signal does not guarantee profits. 

     

    $29.00

  7. Get Pin Bar Alerts From Metatrader 4 via: Desktop Popup, Chart Marker, Email, Text and Mobile App Push Notification

    mt4-pin-bars.thumb.jpg.3851c3106c1a1866d99223e6bc85cf4e.jpg

    Pin Bars can print at any time and it can be easy to miss a signal when you are at work or even if you have to step away from your computer for a few minutes.

    If you miss a setup, that could have been the trade that made your week.

    So let's take a look at how this flexible indicator can help you virtually eliminate missed Pin Bar setups…

    Summary of How the Pin Bar Alerts Indicator Works

    The great thing about Pin Bars is that, unlike more complex chart patterns, they are easy to define so you can setup an alert to tell you when they appear.

    This custom Pin Bar alert indicator for Metatrader 4 will notify you whenever a Pin Bar that meets your criteria prints on your MT4 charts. You can be notified via popup, email, text and/or MT4 mobile app push notification.

    Choose one or more of the notification methods that work best for you.

    You can also mark the Pin Bars on your charts, or you can hide them and only utilize the alerts feature. Hiding the markers keeps your charts squeaky clean and makes it much easier to analyze price action.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

    The indicator is very flexible and you can customize it by using these settings…

    Indicator Settings Explained

    Here are the settings that are available for this indicator.

    They make it easy for you to identify the Pin Bars you are looking for, and filter out the noise.

    Pin Bar Indicator Settings

    pin-bar-settings.jpg.7f51c9a48c0965b5a1ada68c8dd20105.jpg

    DoAlert – Activate on-screen Pin Bar alerts in Metatrader 4.
    DoNotification – Activate Metatrader 4 mobile app push notifications. Push notifications need to be setup in your Metatrader 4 settings for this to work.
    DoEmail – Activate email alerts. Email alerts need to be setup in your Metatrader 4 settings for this to work.
    MinimumTailSize – This is the minimum percentage that the tail needs to be in order to be defined as a Pin Bar. The default is 0.6 or 60% of the total bar size.
    MinRangePnts – The minimum range of a Pin Bar in pips. This is to filter out Pin Bars that are too small.
    MaxRangePnts – The maximum range of a Pin Bar in pips. This is to filter out Pin Bars that are too large.
    RequireNBarExtreme – Activates (true) or deactivates (false) the n-bar extreme filter, explained below.
    NBarExtreme – Only identifies Pin Bars that are the highest of the last N bars for bearish Pin Bars, or the lowest of the last N bars for bullish Pin Bars. This filters out Pin Bars that occur inside a consolidation range.
    MarkPinBarSymbol – You can remove the Pin Bar markers on your charts to keep your charts clean (select false). Even if you remove the markers, the alerts will still work.
    BullPinBarSymbol – Metatrader wingdings symbol number that is used to mark bullish Pin Bars.
    BearPinBarSymbol – Metatrader wingdings symbol number that is used to mark bearish Pin Bars.
    PlotOffsetPnts – Sets the distance between the Pin Bar markers and the Pin Bars. If you trade on higher timeframes, you may need to increase this number.

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

    Choose Your Timeframe

    Use the built-in MT4 timeframe selector to determine which timeframe you will get alerts on.

    mt4-timeframes.jpg.4037d60b420a8b1ba3004d06c6f10c12.jpg

    Hedge Fund Quality Programming and Support

    This indicator has been custom built from the ground up by Adam Hartley of Snapdragon Systems. Adam has done custom programming for clients like the Tudor Group, Barclays Capital and many more.

    When you buy this indicator, you can be assured that you are getting the highest quality programming at a reasonable price. Snapdragon Systems provides full support for this indicator and you can contact them if you have any questions.

    Frequently Asked Questions

    Do all Pin Bars signal potential trading opportunities?

    No. This indicator is meant to assist with trading strategies that use Pin Bars as potential entry signals. Pin Bars alone are NOT entry signals. You need to have a proven Pin Bar trading strategy before using this indicator.

    Is there a guarantee?

    We guarantee that if you have any issue with the indicator, contact support and they will work with you for as long as it takes to get your issue resolved. However, since this is a downloadable product, we do NOT provide refunds. 

    Will this work with my broker?

    This indicator will work with any broker that uses the MT4 platform.

    How do I download the indicator after I purchase it?

    After you have purchased the indicator, go to Trading Heroes Institute and click on:

    Store > Manage Purchases > Manage

    manage.jpg.c8dbb5b5a9bcf6a7a1b0fbd3f3577450.jpg

    Can I use this indicator on more than one computer?

    Yes, you can use this on any computer that you own. 

     

    Sound good? Click on the "Add to Cart" button at the top of this page to buy this indicator. 

     

     

     

    Terms of Use:  Although every effort has been made to create the best Metatrader 4 indicators on the market, we are not responsible for trading losses associated with the use of this indicator. By using this indicator, you automatically agree to these terms of use. No representation is being made that this indicator will guarantee profits, or not result in losses from trading. The occurrence of a Pin Bar does not guarantee profits. 

    $29.00

  8. Stop Missing Valuable Trading Setups


    Join Traders Who Trade The Same Chart Patterns You Do

    Ever wonder how some traders seem to be able to take advantage of every juicy chart pattern that appears, while you always spot them a few hours too late?

    Well, I’ll let you in on a little secret…

    Many times, these traders have some sort of notification system or private trading group that tells them about setups, as soon as they happen.

    …or they are full-time traders and can spend hours in front of the screens.

    If you are not a full-time trader yet, then I’m sure that you want to give yourself the best shot at going pro. That means you need to get these notifications too.

    That’s where the Trading Heroes Elite Community can help…

     

    trading-charts-2.png.c0ba63d75670650b2a9312066139f8d5.png

     

    How It Works

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    Trading Heroes Elite is a group of dedicated traders who trade specific chart patterns. Each chart pattern has its own group.

    Members give each other a "heads up" when a possible opportunity is available. 

    Only join the groups that discuss the patterns you are interested in trading. Setup your profile so you only get notifications at the times that are good for you. 

    Use the mobile and/or desktop platform that works best for you.

     

    Charlie's Got Your Back

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    Charlie the Chartbot is also part of the community. He never sleeps and he spots opportunities that group members are looking for.

    He looks for chart patterns with specific parameters. Charlie currently watches Oanda charts. We may add more brokers later, but that is what we have right now. 

    Charlie's notifications are free, when you become a member of Trading Heroes Elite. You can also opt to only receive Charlie’s notifications and not participate in the conversation with other traders.

     

    Who This Community Is For

    Educated Traders 

    If you have taken the time to educate yourself on how to trade specific chart patterns and the chart patterns we identify work for you, then the Trading Heroes Elite Community can help you.

    Without proper education, this community will not benefit you.

    Busy Traders 

    You probably have a day job or other responsibilities that can take you away from your charts. That’s why we watch the Daily and 4 Hour charts. 

    If you trade the same timeframes, then this group might be for you.

    You Value Simplicity

    If you don’t want to mess with setting up Metatrader or a VPS, then our community just might be your best solution. We handle all of the tech stuff so you are free to trade.

    Get all of the benefits, without all of the setup and maintenance.

     

    Who This Community Is NOT For

    Traders Looking for "Hot Tips"

    Since the community will identify several opportunities every week, you will need to decide for yourself which opportunities work with your system and which ones won’t.

    This is NOT a signal service. It is a discussion community.

    A Purely Discretionary Trader

    If you don’t trade technical chart patterns, trade lower timeframes, or trade primarily on fundamental news, then this community probably isn’t for you.

    We help each other spot specific technical chart patterns on the Daily and 4 Hour charts.

    New Traders 

    If you are just getting started in Forex trading, then this community is not for you. You need to learn the basics first.

    This means learning a trading method and testing it out before you ever risk money in the markets.

     

    Available On (Almost) Any Device

    Because text messages are so 2004

    • iOS
    • Android
    • macOS
    • Windows 
    • Linux
    • Windows Phone
    • Chrome (desktop)
    • Firefox (desktop)

     

    Current Chart Pattern Groups Available

    Pin Bar Group

    pinbar.jpg.48fa1cf91009bba5cbe97d529cdf6b52.jpg

    Charlie the Chartbot detects Pin Bars with the following characteristics:

    • Tail is 66% of the total candle size
    • Close is higher than then open, for a bullish Pin Bar
    • Close is lower than the open, for a bearish Pin Bar
    • Get notified if it is a bullish or bearish Pin Bar
    • Daily and 4 hour charts only
    • 27 major and minor currency pairs on Oanda charts: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

    I know what you are thinking right now...but what about  _________ (fill in your favorite optimization)?!

    We purposely keep it simple because there is no such thing as a perfect Pin Bar. Remember, Pin Bars are simply clues to what price will do next and all traders don't trade them in the same way.

    That's why we also include the human element in the Pin Bar Group. Post your ideas and see what others are trading!

     

    Outside Bar Group

    outsidebar.jpg.47ef44406d145edf8fa63c19c277e865.jpg

    Charlie the Chartbot detects Outside (Engulfing) Bars with the following characteristics:

    • Price closes within 25% of the low (bearish) or high (bullish) of the candle
    • Close is higher than the open, for a bullish Outside Bar
    • Close is lower than the open, for a bearish Outside Bar
    • Body of the candle is at least 40% of the total candle size
    • Get notified if it is a bullish or bearish Outside Bar
    • Daily and 4 hour charts only
    • 27 major and minor currency pairs on Oanda charts (same as above)

    Again, we include the human element in the Outside Bar Group to catch Outside Bars that don't fit this criteria. Post your ideas and see what others are trading!

    How Much Money Is Slipping Through Your Fingers?

    Before we talk about price, ask yourself:

    How much profit are you losing out on because you're missing your best setups?

    For the right traders, one successful trade a month can more than pay for their membership in this community.

    On top of that, setting up your own chart pattern notification system on a VPS will cost you much more...and you still have to get it programmed...and maintain it.

    Why not have someone take care of it for you?

    You get this for a one-time charge of only $17. This membership fee is non-refundable. 

    See you inside! 

    $17.00

  9. Level Up Your Trading with an Accountability Buddy 

    Having accountability buddies is a proven way to keep you on track and stay accountable to your trading goals. 

    But it can be hard to find the right people to work with. 

    That's where this group can be a huge help. 

    How It Works 

    This is how to find a buddy: 

    • Join this group and post your profile. Instructions are provided inside. 
    • Browse other profiles and contact traders that look like they would be a good fit for you. 
    • Try them out as a trading buddy for 1 month. 
    • At the end of the trial period, you both agree to be honest and tell the other person if you want to continue or not. 
    • If it works, then great! You have found a trading buddy. 
    • If that person wasn't a good fit, then try someone else. 

    This is for a lifetime membership. So if one person doesn't work out at some point, you can always find another person in the community. 

    See you on the inside! 

    $97.00

  10. Learn Rafael Veron's Bubble Trading Method.

    This is a reversal trading strategy that can allow you to take advantage of key turning points in the market without having to be exactly right about the price. If you are tired of getting stopped out of trades all the time, this could be the trading strategy for you. 

    Listen to the full interview with Rafael here

    $97.00

  11. Automatically Calculate Trade Lot Size By Percent Risk

    in Forex Tester 2 and 3

     

    Backtesting is one of the best ways to test a discretionary trading strategy. It is also a fantastic way to practice your trading strategy and keep your skills sharp.

    Forex Tester is the best way that I know of to manually backtest.

    Period.

    But if I had to choose one major shortcoming in Forex Tester, it is the lack of an automatic lot size calculator.

    You see, most traders that I know use fixed fractional risk. I usually don't risk more than 1% per trade.

    But there hasn't been an easy way to automatically calculate lot size based on percent risk…

    Until now.

    Download it now and accelerate your backtesting…

    Click the "Add to Cart" button at the top of the screen. 

    Speed Up Your Backtesting

    Manually calculating lot size in your head or by using a spreadsheet may not seem like it takes a long time. But those few seconds spent before every trade can add up, making your backtesting less efficient than it could be.

    Since this is a script and not an EA, it won't slow down Forex Tester. 

    Save time and brain power by using the Snapdragon Easy Order Entry Script for Forex Tester 2 and 3. This script is easy to install and allows you to automatically calculate lot size, based on your predefined percent risk per trade.

    Here's an example of risking 0.9% on every trade.

    Percent risk per trade

    Standard Entry

    This script gives you the option of entering by using pending order levels or doing a bracket bar entry. Let's take a look at the Use pending order levels option first.

    Pending order entry

    In order for the script to automatically calculate the lot size for you, a pending order will have to be created. You cannot use a market order because the script cannot change an existing live trade. It's like entering a trade in your live trading account, then contacting your broker and telling them that you want to change the lot size on the last trade.

    So setup a pending order that is a few pips above (buy) or below (sell) the current market price, then set your stop loss accordingly.

    Don't worry about the lot size, the script will automatically recalculate it for you. 

    Shortcut keys

    Once your pending order is entered, hit the shortcut key that you have setup for a long or short trade inside the Easy Order Entry Script. When the entry level is hit, the script automatically recalculates the lot size to match your desired percent risk.

    That's it!

    Bracket Bar Entry

    A common entry method is to place a stop loss below/above the current bar and an entry order on the opposite side.

    For example, if you think that this is a good place to go long, you would put your stop loss below the current bar and an entry buy stop above the current bar.

    Bracket entry

    This script makes it super easy to enter trades in this way. Setup the script, then simply hit the shortcut key on your keyboard. No more setting the stop loss and pending entry manually. The script does everything for you.

    You can also setup a predetermined buffer between the candle and the entry level.

    If you don't trade in this way, then you can simply use the Standard Entry method mentioned in the previous section. 

    Risk Multiple Profit Target

    This script also makes it easy for you to set fixed R profit targets. If you don't need this feature, then you don't have to take advantage of it.

    But if you do use fixed risk multiple profit targets, this feature will literally cut your order entry time in half.

    Here's what an automatic 5R profit target would look like.

    Risk reward profit target

    This can also be a quick way to test different profit target levels, based on R multiple. For example, a 2R profit target might work well for you right now. But you may find that a 4R profit target improves your results dramatically.

    You will never know unless you test it.

    Luckily, this script makes it easy.

    Take Your Backtesting to the Next Level

    The best traders find ways to create small advantages in the markets.

    These advantages may not seem like much on their own. But when you stack them up over months and years, they add up to significant improvements in their trading performance.

    Get the most out of your backtesting sessions.

    Download the Snapdragon Easy Order Entry Script for Forex Tester 2 and 3 and get started today.

    Click the "Add to Cart" button at the top of the screen. 

     

     

    $69.00

  12. Learn the step-by-step process to becoming a consistently profitable Forex trader.  

    Get the details about this program here

    $27.00

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