INSTALLATION
Step 1 — Copy the EA File
Copy:
RR_Tool_EA.mq5
to your MT5 Specialists folder:
<MT5 Knowledge Folder>MQL5Experts
Step 2 — Compile the EA
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Open the file in MetaEditor
-
Press F7 to compile
-
Guarantee there are zero errors
Step 3 — Open Your Buying and selling Chart
Open the chart for the instrument you wish to commerce.
Examples:
Step 4 — Connect the EA
You’ll be able to both:
Step 5 — Configure the EA
Within the EA settings window:
-
Configure your most well-liked inputs
-
Open the Frequent tab
-
Allow:
-
Click on OK
Step 6 — Allow Algo Buying and selling
Be certain that the MT5 Algo Buying and selling button is enabled (inexperienced).
If Algo Buying and selling is OFF:
IMPORTANT NOTE
The EA operates on one chart/image per occasion.
For multi-symbol buying and selling:
INPUT PARAMETERS (EA SETTINGS)
Threat Administration
Allow computerized lot sizing
Default: true
If enabled, the EA calculates lot measurement robotically based mostly on:
-
account steadiness
-
threat %
-
cease loss distance
If disabled:
Threat per commerce (%)
Default: 1.0
Defines how a lot account steadiness is risked per commerce.
Instance:
Fastened lot measurement
Default: 0.10
Used solely when computerized lot sizing is disabled.
Execution Settings
Commerce remark
Default: Empty
Non-obligatory textual content added to all EA orders.
Allow popup alerts
Default: false
Exhibits MT5 popup alerts for necessary EA occasions.
Break-Even Settings
BE Set off Mode
Pips
Break-even prompts after value strikes a set variety of pips.
TP %
Break-even prompts after value reaches a proportion of the TP distance.
BE set off distance
Default: 10.0 pips
Used when set off mode = Pips.
BE set off by TP %
Default: 50%
Used when set off mode = TP %.
Revenue locked at BE
Default: 1.0 pip
When BE prompts:
Trailing Cease Settings
Path Set off Mode
Pips
Trailing begins after X pips revenue.
TP %
Trailing begins after X% of TP distance.
Begin trailing after
Default: 15 pips
Path set off by TP %
Default: 50%
Trailing distance
Default: 10 pips
Distance between value and trailing cease.
Trailing step measurement
Default: 2 pips
Minimal motion earlier than SL updates.
Partial Shut Settings
Partial Shut #1
-
Enabled by default
-
Set off: 50% TP
-
Shut: 25%
Partial Shut #2
-
Enabled by default
-
Set off: 80% TP
-
Shut: 25%
SL Partial Shut
Used to scale back publicity throughout dropping trades.
Default Handbook Partial Shut %
Default: 50%
Utilized by the guide:
Shut X%
button.
RR Software Colors
Default Colors
-
Take Revenue → Inexperienced
-
Cease Loss → Crimson
-
Entry → Blue
RR Software Look
RR Label Font Measurement
Default: 8
RR Software Width
Default: 280 px
Panel Place
Horizontal Place
Default: 12
Vertical Place
Default: 48
The panel will also be dragged manually throughout runtime.
STEP-BY-STEP — PLANNING A TRADE
Step 1 — Open the Panel
The panel opens robotically when the EA hundreds.
If closed:
Step 2 — Select Path
Click on:
This prompts the RR overlay.
Step 3 — Set Value Ranges
You’ll be able to:
Methodology A — Drag the blocks
Transfer TP, Entry, and SL blocks straight.
Methodology B — Drag chart traces
Transfer the horizontal traces on the chart.
Methodology C — Kind costs manually
Enter values straight within the panel.
Methodology D — Use the Set button
Click on:
Step 4 — Evaluate Commerce Evaluation
The panel robotically calculates:
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R:R ratio
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Threat quantity
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Reward quantity
-
Lot measurement
-
Order kind
-
High quality rating
RR High quality Information
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POOR → Under 1.0
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OK → 1.0–1.49
-
GOOD → 1.5–1.99
-
GREAT → 2.0+
Step 5 — Automated Order Detection
The EA robotically determines:
-
Market Order
-
Restrict Order
-
Cease Order
based mostly on Entry place relative to market value.
Step 6 — Execute Commerce
Click on:
The EA locations the order with:
-
calculated lot measurement
-
cease loss
-
take revenue
Step 7 — Reset or Cancel
Reset
Resets costs whereas conserving overlay seen.
Cancel
Removes all RR objects from chart.
ORDER MANAGEMENT PAGE
Entry by way of the ⚙ gear icon.
Options embody:
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Auto Break-Even
-
Auto Trailing
-
Handbook BE
-
Handbook Trailing
-
Partial Shut
-
Cancel Pending Orders
-
Shut All Positions
-
Digital SL/TP
VIRTUAL SL/TP
When enabled:
Helpful for hiding SL/TP from dealer.
⚠ IMPORTANT:
MT5 should stay open whereas Digital SL/TP is energetic.
LOT SIZE CALCULATION
When Auto-Lot is enabled:
Threat Quantity = Steadiness × Threat % Lot Measurement = Threat Quantity ÷ (Cease Pips × Pip Worth)
The EA robotically:
PANEL NAVIGATION
| Button | Operate |
|---|---|
| ⚙ | Open Administration Web page |
| ✕ | Collapse Panel |
| [RR] | Reopen Panel |
| Header Bar | Drag Panel |
QUICK-START CHECKLIST
– EA compiled with out errors
– Algo Buying and selling enabled
– EA connected appropriately
– Threat % configured
– Magic Quantity configured
– Break-even reviewed
– Trailing settings reviewed
– Partial shut settings reviewed
– Examined on demo account first
FINAL NOTES
RR TradePanel EA was constructed to simplify:
-
threat administration
-
commerce execution
-
RR planning
-
automated administration
At all times take a look at completely on a demo account earlier than buying and selling dwell funds.