We are proud to present you the InstaForex Magic Buttons (IFX_MB) program. This tool was designed to simplify managing open orders. It can maintain the following tasks:
Before starting the program, you should make sure that you have proper settings in the platform. The “Tools/Options/Expert Advisors/Allow live trading” and “Tools/Options/Expert Advisors /Allow DLL imports” options should be activated.
After adjusting the platform, you can start Magic Buttons. To do so, choose IFX_MB in the Expert Advisors section in the Navigator (View/Navigator) and drag it to the chart window:
If there are open trades on the account at the moment, their tickets appear in the Choose Trade field. Now you can start using IFX_MB program:
In order to set/change stop loss (SL) and/or take profit (TP), you should:
You can choose the SL/TP levels either “In pips” or “In percents”. In the former case the level value is in pips, the minimum price increment. In the latter case the level is a percentage of the trade open price (where open price value is 100%).
This operation results in applying these parameters to the trade.
In case of an error, an alert containing detailed information about the error appears.
In order to set (or change) the trailing stop level, you should:
Trailing stop can be either in pips (in terms of minimum price change) or in percent (where the open price is 100%). Trailing stop can be set relative to either the current price or the bar opening price. In the first case the profit is calculated on the basis of the current price, while in the second case, of the bar opening price on a certain trading instrument within the timeframe equal to that the advisor attached to.
Trailing stop activates as soon as change of the current price (or a bar opening price) results in obtaining profit, which allows setting the stop at the required distance.
In order to enable/disable and adjust a signal, you should:
IFX_MB program expands the platform’s options of closing trades.
In order to use these options, you should:
There are several ways to close the trades: