Demo Video
Commerce Buddy Tab Overview
- Danger % enter discipline – edit this to vary the specified threat %
- Fastened Danger:Reward discipline – edit this to vary the mounted R:R
- Disguise Financial tick field – tick/untick this to indicate or conceal financial values
- Danger based mostly on account Steadiness/Fairness dropdown – change this to decide on the specified threat calculation technique
- The Commerce Tab – that is the place you may create and execute your orders
- Market Order – Purchase button, click on this to open the Market Purchase calculation strains
- Market Order – Promote button, click on this to open the Market Promote calculation strains
- Execute button – click on this to execute your order
- Pending Order – Create button, click on this to open the Pending Order calculation strains
- Pending Order – Verify button, click on this to execute your order
- Commerce Supervisor Tab – that is the place you should use the One Click on and Computerized commerce supervisor options
- Choose Commerce dropdown – select the commerce ID you wish to handle, or ALL BUY/ALL SELL (to handle a number of trades directly)
- Shut 50% button – shut half your place(s) immediately
- SL to BE button – transfer your SL(s) to breakeven immediately
- Shut % button – shut a customized % of your place(s) immediately (share adjusted in settings)
- Shut button – shut your place(s) immediately
- Partial TP button – open the automated Partial TP line (share adjusted in settings)
- Auto SL-BE button – open the automated SL to BE line
- Danger Tab – that is the place you may allow the Fairness Protector and open the Danger Popup
- Fairness Protector discipline – enter your required account fairness degree for the Fairness Protector to set off and reduce your trades
- Open Danger Popup button – click on this to open the Open Danger Popup
- Shut EA button – click on this to shut the Commerce Buddy EA
Key options
Computerized Danger Calculations
Routinely calculate your threat based mostly on account fairness OR account steadiness
Merely enter your required Danger % and let Commerce Buddy do the remainder
Your lot dimension will routinely calculate based mostly on the dimensions of your Cease Loss and your Danger % enter
Remove the psychological stress of buying and selling bigger accounts with the “Disguise Financial” characteristic. Tick this field and commerce Buddy will conceal the financial quantities from the calculation strains so you may deal with buying and selling with percentages, not financial values
In-built Hotkeys, so you may commerce with most effectivity. Merely press “M” to open the Market Order strains, then press “E” to execute it, or press “P” to open the Pending Order strains after which press “E” to execute it.
Automatic Commerce Administration
Two sections – One Click on and Auto Administration
The One Click on part will immediately transfer your Cease Loss to Breakeven, shut half your commerce, shut a customized share of a commerce (e.g. 10%, 20% and many others) and even shut trades solely
The Auto Administration part will allow you to set a worth for Commerce Buddy to routinely take partial earnings at or extra your Cease Loss to Breakeven
These options work on single trades or ALL BUY/ALL SELL trades for every image, permitting you to handle a number of trades with not one of the problem
Fairness Drawdown Safety
The Fairness Protector characteristic means that you can set an account degree fairness cut-off. This can routinely reduce all of your trades when your account fairness reaches your most popular cut-off quantity
This makes it simpler than ever to remain inside prop agency drawdown limits
Utilizing Commerce Buddy Detailed Information
Contents
1. Coming into the Market
2. Hotkeys
3. Hiding Financial Quantities
4. The Danger Popup
5. One Click on Administration
6. Auto Administration – SL to Breakeven
7. Auto Administration – Partial TP
8. The Fairness Protector
9. Adjusting Commerce Buddy for Crypto, Indices and Commodities
10. Adjusting Commerce Buddy for Futures with out Partial Heaps
11. Settings Walkthrough
12. Adjusting the Colour Scheme
1. Coming into the Market
Commerce Buddy makes moving into the market easy with automated threat calculations, hotkeys and extra.
Adjusting Your Danger %
To regulate your threat quantity, merely change the quantity within the RISK % discipline from 1% (the default) to any quantity you want.
You may also select between the chance % being calculated based mostly in your account Steadiness (the default) and the account Fairness (for instance, in case you are letting a bunch of winners run and also you wish to compound your dimension).
Max Allowable Danger P.c
Please be aware that Commerce Buddy has a “Max Allowable Danger P.c” possibility that’s set to 10% by default. This setting will forestall you enterign any quantity hier than the quantity entered on this setting, which helps to forestall any unintentional oversizing. You’ll be able to regulate this by going to Settings > Inputs > Max Allowable Danger P.c
Locking Worth to a Particular Danger:Reward
If in case you have discovered together with your edge it is best to at all times go for 1.5R, 2R and even 3R, then Commerce Buddy makes it simple to take action. Merely enter your required RR into the “Danger:Reward” discipline and your TP and SL will keep locked to this RR everytime you transfer both the TP or SL. For market orders, the TP line will routinely regulate as worth strikes in relation to your cease loss dimension that can assist you commerce as effectively as potential.
SL In Pips
By default, Commerce Buddy will put your SL 20 pips away from the present worth while you create any calculation strains. This may be simply adjusted by going into Settings > Inputs > “SL in Pips” and adjusting the enter of 20 to no matter quantity you want.
Market Orders
To enter a market order, merely click on “BUY” or “SELL” within the Market Orders part of the “Commerce” tab to deliver up the market order calculation strains to your TP and SL. As soon as these seem in your display screen, you may drag and drop them to your required worth level to set them and Commerce Buddy will routinely calculate the lot dimension based mostly in your SL in pips and the Danger % you might have enter on the time of execution. The road information will replace reside as worth strikes so you might have a reside view of the potential earnings and losses of the commerce you need to enter till you’re able to execute the commerce. It can additionally present you the precise worth of your TP and SL within the high proper nook of the chart.
On the TP line it is possible for you to to see the quantity of pips your TP is away from the present worth, the potential revenue in each financial values and % values and the chance reward in comparison with your SL (e.g. in case your TP is 40 pips, and your SL is 20 pips, your RR can be 2.0)
On the SL line it is possible for you to to see the quantity of pips your SL is away from the present worth, the potential loss in each financial values and % values and the calculated lot dimension based mostly in your Danger %.
The lot dimension calculation for market orders relies on the present Bid/Ask worth, relying on whether or not you need to go lengthy or brief. This implies the calculation will probably be correct based mostly on the present unfold.
For market buys, the lot dimension, SL in pips and TP in pips are calculated based mostly on the present Ask worth.
For market sells, the lot dimension, SL in pips and TP in pips are calculated based mostly on the present Bid worth.
Additionally, don’t fear for those who click on “BUY” after which determine you really wish to go brief – no matter whether or not you clicked “BUY” or “SELL”, Commerce Buddy will routinely detect whether or not the commerce goes to be a purchase or promote relying on the place your SL is in relation to the present worth. For instance, in case your SL is above transfer then Commerce Buddy will know you need to go brief, and in case your SL is under market then Commerce Buddy will know you need to go lengthy.
Market Orders – Lock to Worth
Once you open the market order calculation strains you will note a “LOCK TO PRICE” button within the backside proper of the chart. In the event you click on this, it’ll lock your TP and SL in pips to the present worth and can keep that distance away from worth because it actively strikes. After you utilize the lock to cost button, it’ll change to an unlock button and clicking it once more will cease the TP and SL from being locked to cost.
Pending Orders
To create a pending order, merely click on the “CREATE” button within the Pending Orders part of the “Commerce” tab to deliver up the pending order calculation strains to your TP, SL and Entry line. As soon as these seem in your display screen, you may drag and drop them to your required worth level to set them and Commerce Buddy will routinely calculate the lot dimension based mostly in your SL in pips and the Danger % you might have enter on the time of confirming the pending order. It can additionally present you the precise worth of your TP, SL and Entry within the high proper of the chart.
Commerce Buddy will routinely know to enter a Purchase Restrict, Promote Restrict, Purchase Cease or Promote Cease order based mostly on the place your SL is in relation to your entry line and the present worth.
Inputting a Particular Worth for TP, SL and Entry Strains
While it’s nice to have the ability to simply drag and drop the calculation strains, generally you wish to get a sniper entry and you’ve got a selected worth in thoughts that you really want your TP, SL or Entry to be at. To do that you may proper click on any calculation strains that Commerce Buddy makes and click on “Properties of…” > Parameters > Modify the worth to the particular worth you need the calculation line to be at.
2. Hotkeys
Utilizing Commerce Buddy’s hotkeys will make your coming into of the market way more environment friendly, nevertheless, to forestall unintentional entries Hotkeys are disabled by default.
The hotkeys for Commerce Buddy are…
M = Open market order calculation strains
P = Open pending order calculation strains
E = Execute/Verify market orders or pending orders
Escape = Cancel any calculation strains energetic on the chart
Allow Hotkeys
They will simply be enabled by going into Settings > Inputs > And adjusting the true/false worth within the “Hotkeys_Enabled” row.
(In MT5, double click on the true/false discipline to toggle between enabled/disabled, in MT4 click on on the true/false discipline to decide on your most popular possibility)
3. Hiding Financial Quantities
In Commerce Buddy it’s simple to cover Financial Quantities/Values out of your market orders and pending order strains, as a way to commerce your edge with out getting too targeted on the P&L facet of issues.
Not solely will it conceal the $ revenue quantities (or no matter account forex you’re buying and selling in) in your TP/SL calculation strains, it’ll additionally conceal the financial quantities from displaying within the Fairness Protector overlay or within the Danger Popup as a way to use all the options of Commerce Buddy with out getting too targeted in your P&L, making it a lot simpler in your mindset when buying and selling bigger dimension.
Merely click on on the checkbox subsequent to “Disguise Financial Values” to allow/disable this setting.
TP / SL line information with “Disguise Financial” ticked
When ticked, your TP/SL calculation strains will solely present the pips, revenue/loss in %, lot dimension and threat:reward.
Fairness Protector overlay with “Disguise Financial” ticked
When ticked the financial rows (Present Fairness, Fairness Cease Out and Fairness Remaining) will probably be hidden.
Danger Popup with “Disguise Financial” ticked
When ticked, the Danger Quantity ($) and P&L ($) will probably be hidden.
4. The Danger Popup
That can assist you handle your open threat, Commerce Buddy contains an Open Danger Popup. Right here you may see your open threat (and P&L) in each % of your account and financial quantities.
To entry the Danger Popup, merely go to the “Danger” tab after which click on “View Open Danger”. As soon as the desk is open, this button will regulate to “Shut Danger Popup”.
Within the Danger Popup you will note all of the symbols you might have trades open in opposition to, alongside together with your floating P&L and the chance quantity based mostly in your present cease losses. This desk will replace reside as you regulate your trades, and because the market is shifting.
On the backside of the Danger Popup is a Totals row, the place you will note your whole open threat in % and financial quantities, alongside together with your whole floating P&L. This makes it means simpler to understand how a lot publicity you presently have when buying and selling a number of devices on the identical time.
Once you wish to shut/conceal the open Danger Popup simply click on the “Shut Danger Popup” button in Commerce Buddy, or use the “CLOSE RISK POPUP” button within the backside left nook of your chart.
Hiding Financial Quantities
In the event you tick the “Disguise Financial” field in Commerce Buddy, it’ll additionally conceal the financial columns from the Danger Popup as proven under.
Limitless Danger – No Cease Loss
Within the occasion you might have a commerce with no cease loss, the Open Danger Popup will show “Limitless – No SL” within the Danger % and Danger Quantity column for that image, together with within the whole on the backside. This fashion you’ll shortly know you probably have any trades working with no SL.
5. One Click on Administration
With all One Click on and Auto Administration options in Commerce Buddy, you may choose both a single commerce to handle or ALL BUYs or ALL SELLs for that image. This makes it easy to handle a number of positions at a time, on the click on of a button.
First, select the commerce(s) you wish to use any of the One Click on Administration instruments for by utilizing the “SELECT TRADE” dropdown. Right here you will note your commerce numbers for the image that you’re presently utilizing Commerce Buddy on, together with ALL BUY and ALL SELL.
After getting chosen your commerce(s), subsequent click on any of the choices within the “One Click on” part.
The One Click on Administration Instruments
Shut 50% – Shut half the place(s)
Shut % – Shut a customized % of the place(s)
Shut – Shut a commerce (or trades utilizing ALL BUY/ALL SELL)
SL to BE – Transfer your SL to BE
Adjusting the Shut % One Click on Administration Setting
To regulate the % of your commerce that the Shut % operate will shut, go to Settings > Inputs > Shut Customized % and alter the worth. The default is 10%.
The SL to BE Buffer in Pips Setting
Generally you don’t wish to simply transfer your SL to BE – you wish to lock in some earnings.
Commerce Buddy makes this simple with the “SL to BE Buffer in Pips” settings. No matter quantity of pips you enter into this discipline will probably be added onto your entry worth as a “buffer” and Commerce Buddy will transfer your SL to your entry worth + the SL to BE Buffer in Pips quantity while you use both the One Click on SL to BE operate, or the Auto SL to BE operate and transfer your SL
To regulate the SL to BE Buffer in Pips, merely go to Settings > Inputs > SL to BE Buffer in Pips
6. Auto Administration – SL to Breakeven
With Commerce Buddy you may routinely transfer your SL to Breakeven when worth reaches a selected degree, which means you don’t need to spend as a lot time staring on the chart while you wish to cut back your threat publicity.
With all One Click on and Auto Administration options in Commerce Buddy, you may choose both a single commerce to handle or ALL BUYs or ALL SELLs for that image. This makes it easy to handle a number of positions at a time, on the click on of a button.
First, go to the Commerce Supervisor tab and select the commerce(s) you wish to set an Auto SL to BE for by utilizing the “SELECT TRADE” dropdown. Right here you will note your commerce numbers for the image that you’re presently utilizing Commerce Buddy on, together with ALL BUY and ALL SELL.
After getting chosen your commerce(s), subsequent click on the Auto SL-BE button to deliver up the pending Auto SL-BE line.
You’ll be able to freely drag and drop the Auto SL-BE wherever you want, or proper click on > Properties > Parameters > Modify the worth to the particular worth you need the Auto SL to set off at.
As soon as you’re proud of the place your Auto SL-BE is, click on the “ACTIVATE AUTO SL-BE” to activate it.
As soon as in an energetic state, the road will now not be in a moveable state and it’ll present “Energetic SL to BE” on the road textual content, together with the commerce quantity or ALL BUY/ALL promote (relying in your alternative).
In the event you change your thoughts and now not wish to have an Auto SL to BE set, you will note the Auto SL-BE button textual content modified to “CANCEL SL”. When you click on this, it’ll clear the Auto SL to BE out of your chart.
The SL to BE Buffer in Pips Setting
Generally you don’t wish to simply transfer your SL to BE – you wish to lock in some earnings.
Commerce Buddy makes this simple with the “SL to BE Buffer in Pips” settings. No matter quantity of pips you enter into this discipline will probably be added onto your entry worth as a “buffer” and Commerce Buddy will transfer your SL to your entry worth + the SL to BE Buffer in Pips quantity while you use both the One Click on SL to BE operate, or the Auto SL to BE operate and transfer your SL
To regulate the SL to BE Buffer in Pips, merely go to Settings > Inputs > SL to BE Buffer in Pips
7. Auto Administration – Partial TP
With the Commerce Buddy Partial TP you may simply automate your scaling out of worthwhile trades.
Adjusting the % of your commerce(s) that the Partial TP will shut
To regulate the % of your commerce that the Partial TP will shut, go to Settings > Inputs > Partial TP (% of opened lotsize) and alter the worth. The default is 25%, 1 / 4 of your place.
Utilizing the Partial TP
With all One Click on and Auto Administration options in Commerce Buddy, you may choose both a single commerce to handle or ALL BUYs or ALL SELLs for that image. This makes it easy to handle a number of positions at a time, on the click on of a button.
First, go to the Commerce Supervisor tab and select the commerce(s) you wish to set a Partial TP for by utilizing the “SELECT TRADE” dropdown. Right here you will note your commerce numbers for the image that you’re presently utilizing Commerce Buddy on, together with ALL BUY and ALL SELL.
After getting chosen your commerce(s), subsequent click on the Partial TP button to deliver up the pending Partial TP line.
You’ll be able to freely drag and drop the Partial TP wherever you want, or proper click on > Properties > Parameters > Modify the worth to the particular worth you need the calculation line to be at. On the Partial TP line, it’ll present you the gap in pips to the Partial TP, the quantity of tons that will probably be closed, the financial revenue and the % revenue.
As soon as you’re proud of the place your Partial TP is, click on the “ACTIVATE PARTIAL TP” to activate it.
As soon as in an energetic state, the road will now not be in a moveable state and it’ll present “Energetic PTP” on the road textual content, together with the commerce quantity or ALL BUY/ALL promote (relying in your alternative).
In the event you change your thoughts and now not wish to have a Partial TP set, you will note the Partial TP button textual content modified to “CANCEL PTP”. When you click on this, it’ll clear the Partial TP out of your chart.
8. The Fairness Protector
With the Fairness Protector you enter an Fairness Cease Out worth the place in case your account fairness falls under this quantity, Commerce Buddy will reduce all of your trades.
This implies in case your account steadiness is $100k however you wish to attempt to hold your fairness from falling under $98k, you may set the fairness protector to $98,000 and Commerce Buddy will reduce all of your trades in case your account fairness falls under this quantity.
Disclaimer – Please learn
Please be aware that Commerce Buddy’s “Fairness Cease out” characteristic supplies no assure it is going to be capable of exit your trades at your required enter quantity, as that is dependent in the marketplace volatility and out there market liquidity on the time of use which is past the management and scope of Commerce Buddy. In buying and selling there’s at all times an opportunity you’ll lose greater than you are ready to threat, and it is best to by no means use the Fairness Protector as an absolute drawdown restrict. Commerce Buddy will merely attempt to exit your trades when it recognises your account fairness has fallen under your required enter quantity, however the Fairness Protector shouldn’t be used as a substitute for correct threat administration practices.
Please make certain to disable the Fairness Protector earlier than altering accounts in MetaTrader (to forestall it by chance triggering routinely for those who swap to a decrease fairness account), and earlier than exiting the MetaTrader terminal.
Utilizing the Fairness Protector
To set an Fairness Cease Out, merely go to the “Danger” tab after which enter an quantity into the “Fairness Cease Out” discipline.
Don’t use this as an absolute cease out worth, as with market volatility, slippage and many others you’re unlikely to have you ever trades closed on the actual second your account fairness breaches this quantity. At all times add a security buffer to the place you’d ideally like to chop your trades and good threat administration practices in all areas of your buying and selling.
After getting enter an quantity, you will note the Fairness Protector Overlay in your chart as proven under, the place there are 6 rows of information that can assist you handle your threat in relation to your Fairness Cease Out.
Fairness %Remaining: That is how far your present account fairness is out of your Fairness Cease Out worth as a share
Open %Danger: That is the accumulative whole of your open trades cease loss threat as a share
Open %Danger Remaining: That is the distinction between your floating P&L and your cease loss threat as a share.
For instance, you probably have 1.98% in open threat however you’re up 0.27% in revenue, the Open %Danger Remaining can be 1.98% (SL threat) + 0.27% (floating revenue) = 2.25%, as you’re 2.25% away out of your cease loss(es).
Present Fairness: Your present account fairness as a financial quantity
Fairness Cease Out: Your enter Fairness Cease Out as a financial quantity
Fairness Remaining: The distinction between your present account fairness and your Fairness Cease Out enter as a financial quantity
All of this information will probably be calculated based mostly on all open trades in your account.
Fairness Protector Triggered
As soon as your account fairness falls under your chosen enter fairness, Commerce Buddy will try to shut all trades in your account and can present you a notification to advise you that this has occurred as proven under.
Disabling the Fairness Protector
You’ll be able to disable the Fairness Protector at any level by merely clicking the Fairness Protector chart overlay button that claims “EQUITY PROTECTOR ACTIVE – CLICK TO DISABLE”. Alternatively, you may change the Fairness Cease Out determine to 0.
Hiding Financial Quantities
In the event you tick the “Disguise Financial” field in Commerce Buddy, it’ll additionally conceal the financial rows from the Fairness Protector chart overlay as proven under.
Limitless Danger – No Cease Loss
If in case you have any open trades which wouldn’t have a cease loss, Commerce Buddy will advise you within the Fairness Protector Overlay as proven under.
9. Adjusting Commerce Buddy for Crypto, Indices and Commodities
Once you go to make use of Commerce Buddy on some Crypto, Indices and Commodities you may discover that the TP and SL are too shut collectively (like under), that is as a result of default SL setting of 20 pips not being ample for these symbols.
To repair this, you merely want to regulate the default “SL In Pips” setting from “20” to the next worth similar to 2000.
To do that, go to Settings > Inputs > SL In Pips and regulate the “Worth” column as proven under:
Now while you go to take a commerce on the image, the SL and TP ought to now not be too shut collectively as proven under on ETHUSD:
10. Adjusting Commerce Buddy for Futures with out Partial Heaps
While most most symbols (e.g. Fx, Commodities and many others) in MT4/MT5 can have a Quantity step of 0.01, some markets can have a Quantity step of 1, which implies solely entire tons could be traded. A great instance can be the Euro Bund or different Futures markets.
To examine if an emblem has a “Quantity step” of 1, proper click on on the image in MT4/MT5 after which click on “Specification” and you will note the next row:
By default, Commerce Buddy will be unable to execute trades as it is going to be calculating your lot sizes to 0.01 decimal locations for accuracy.
In order that Commerce Buddy can work with pairs which have a “Quantity step” of 1, now we have included a “Round_lots” setting which is disabled by default. By enabling it, it’ll both spherical your tons up (e.g. 2.10 tons would change into 3 tons) or spherical your tons down (2.9 tons would change into 2 tons). This may also work for the Auto Partial TP.
To allow this setting, go into the settings after which to the inputs, and regulate the “Round_lots” setting to both “RoundUp” or “RoundDown” relying in your desire.
Consider this implies your enter threat is not going to be the identical threat your trades will enter at, because the enter threat of 1% may equal 6.40 tons on a commerce, but when the image solely accepts entire tons it means you’ll execute at both 6 tons or 7 tons. Commerce Buddy will present the precise threat on the cease loss line on the chart in order that what your precise threat is, when utilizing rounded tons.
11. Settings Walkthrough
Commerce Buddy has plenty of settings to can help you regulate it to fit your wants, as proven under.
Danger = Adjusts threat % (could be adjusted in the principle UI of Commerce Buddy)
Ratio = Set a set threat:reward ratio (could be adjusted in the principle UI of Commerce Buddy)
HotKeys_Enabled = Allows hotkeys
Round_Lots = Allows rounded tons for symbols that don’t enable partial lot sizes (e.g. futures)
SL In Pips = The default cease loss dimension in pips
Max Allowable Danger P.c = The max quantity the Commerce Buddy UI will can help you enter as a threat %
SL to BE Buffer In Pips = Provides a revenue buffer, in pips, for the one click on SL to BE operate or Auto SL to BE operate
EP_Enable_Background = Provides a background to the Fairness Protector Overlay on the chart
Slippage Threshold = Units a slippage threshold
MagicNo = Commerce Buddy’s MagicNo for MetaTrader trades
Shut Customized % = Adjusts the one click on “CLOSE %” share
Partial TP (% of opened lotsize) = Adjusts the Auto Partial TP share
Colours = All settings within the “Colours” part regulate completely different colours in Commerce Buddy
12. Adjusting the Color Scheme
You’ll be able to simply regulate the colours of the buttons, strains and textual content that Commerce Buddy overlays onto your chart (such because the TP/SL strains and textual content and the Activate buttons for the Auto Partial TP and Auto SL).
To do that, merely go into the Settings > Inputs > and scroll right down to the Colours part and you’ll simply regulate them to your style.
