“Mastering Simplicity: The Power of TradeWise EA” – Trading Ideas – December 6, 2023
Tradewise EA It is a simple and compact tool with powerful features. it provides 30 trade compound interest challenge, Performance Tracking, Break-Even Calculation, Automated SR Zones, Risk Management, Tracking Stop Loss by ATR or PIPS, Automatic Risk to Reward Ratio based on Stop Loss, Easy Order Adjustment, Total Stop Loss Calculation and Take Profit, Manually Placed Automatic buy and sell orders for SR Zone, ETC. These features are perfect for both scalpers and long-term traders and can be activated with one click. To apply these features to your orders in the MT4 app, set “Any Location” to True. This way, while the EA is running on the device, all functions will take into account the app’s commands and set the TP/SL accordingly.
TradeWise EA is designed to make trading fast, simple and straightforward. It sticks to traditional trading methods and a simple UI, making it easy to use for both new and experienced traders.
Key features:
- Performance Tracking: Displays win percentage, number of wins and losses, total profit and loss, giving you a clear overview of your trading performance. Run EA’s magic number by date for monthly, weekly or daily tracking.
- Calculate break-even point: Break-even point is automatically calculated and displayed as a line and label to help you make informed decisions.
- Support and resistance areas: Automatically identifies support and resistance levels based on daily, weekly, and monthly data, providing valuable market insight.
- crisis management: Protect your investments by setting automatic take profit and stop loss levels.
- Tracking Stop Loss Function: We offer tracking loss prevention via ATR or PIPS, giving you more control over your trading.
- Risk to Reward Ratio: Helps you manage risk effectively by automatically calculating the risk reward ratio according to the stop loss level.
- Easy Order Adjustment: Multiple order TP/SLs can be adjusted with one click, simplifying order management.
Total Stop Loss Calculation and Take Profit: This function goes through all open positions for the selected symbol and calculates the total stop loss and take profit in USD and d.It is displayed directly on your trading chart. This means you can see your potential profits and losses at a glance. It provides a comprehensive view of potential profits and losses, helping you make informed trading decisions.
Calculate maximum lot size: This function calculates the maximum lot size by dividing the free margin by the required margin for the selected item and displays it on the chart. This will give you a clear idea of how many lots you can trade without exceeding your free margin.
Candle Countdown: Displays a candle countdown on the chart.
memo:
- Strategy Tester is a trading utility and not an automated EA, so the demo will not work.
Risk Disclaimer: These features make MT4 EA a powerful tool for fast-paced long-term trading, allowing you to make informed decisions and manage your trades effectively. Remember that EA can assist with trading but does not guarantee profits. Always use it as part of a broader trading strategy.
