Trailing Wizard
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It is exactly what traders have always needed in MetaTrader4 and that is now handy combined in one single product. It is the set of ideal tools for manual trading. These are not just words, we have questioned a bit less than a thousand traders and monitored most forums to find out what are the most popular complaints on the trading process along with most often wishes upon its improvement. As a result, we worked out a user-friendly intuitive solution for trailing and orders control.
We are BFS team (Best Forex Software) and we have gathered professional forex traders and software developers to combine our experience for mutual success. One of the primary tasks was to optimize MetaTrader4 interface for manual orders control. The goal was to make a really universal, effective and multi-functional reliable product that we could successfully use DAILY. So we did it ‘” combined all the needs in one and released Trailing Wizard.
We truly believe that Trailing Wizard if the most comfortable MUST-HAVE tool for any serious trader who wants to get good results at Forex. And now this amazing tool is available to you.
If you are a trader or just planning to start Forex and are going to trade manually ‘” you will need it. We recommend Trailing Wizard for those traders who already worked with orders and Stop Loss/Take Profit in order to fully evaluate its importance and quality. Though it has been created for professional manual trading, it turned out to be extremely user-friendly for novices as well. This way, it is a universal tool for ALL traders!
+ PC with stable internet connection + MetaTrader4 for Windows OS desktop + No restrictions for demo accounts ! Not for mobile MT4 terminals ! Not for unlimited accounts: One live account restriction (key system)
Let us describe the main features of Trailing Wizard. What exactly it will do after you install it.
First of all, it is the combination of most desired features that MetaTrader4 lacks. These are:
When you place any order it is highly recommended to secure it with Stop Loss. Take Profit is optional but if also highly desirable. This way you protect yourself from a sudden internet failure or price reversal. Or you may just leave the trade unattended after these levels are set. But the thing is that each order needs to be modified manually and to set SL or TP you need to calculate pips and enter the desired value. It may be rather hard for novices. We also believe it to be one of the reasons why novices prefer robots… Just because manual trading looks tiresome. Trailing Wizard solution:
If you are a novice, you may just use default settings with predefined Stop Loss and Take Profit levels that would be automatically added to the each new manual order. Instantly. Both levels are indicated with lines at the chart for a better visual understanding of trades. If you are an expert, you may define and set different values for different currency pairs. This way you will save a lot of time while multi pairs trading.
Problem of orders modifying: When you need to adjust the order using standard MT4 tool, you will fully experience a problem of this time-consuming process that requires a forex knowledge and accuracy. For instance, if you set wrong number of pips, order will be not modified unless you set a proper value. It looks simple and usual for most traders, but not for novices.
And even if it looks normal for you, why wouldn’t you try something better? Something that deals with it faster and in the most user-friendly way.
Trailing Wizard solution: When an order is placed and SL and TP are set by Trailing Wizard, you will see the lines at the chart. To change them ‘” just drag and move the line. That’s so easy and intuitive ‘” no need to calculate pips, just evaluate the chart at a glance and move SL or TP. So, the whole process of orders modifying has been worked out and optimized to be simple and fast.
Note, that trailing is also activated, so we mention the possibility of changing SL/TP to your needs, but it is not necessary, it is just the extra superb user-friendly option available for you.
Almost all traders define and use specific “most popular’� trailing stop level for the each pair and may adjust it from time to time, but not very often. Still, original MT4 trailing offers just a limited choice of trailing and you need to activate it for the each order manually. Each time.
Once you install Trailing Wizard at the specific pair and set a trailing value in its settings, it will be automatically added to the each new order of this pair. Moreover, comparing with regular MT4 trailing, you will have 2 options of trailing based on its DUAL-CORE algorithm:
#1. Positive Trailing Stop is activated when your desired amount of profit is gained or #2. Instant Trailing Stop is activated just as soon as an order is placed. It is similar to smart-moving Stop Loss. Extremely friendly solution for any kind of manual trading!
News impact problem: There is nothing that irritates any trader so much as a sudden price spike going in “just the wrong direction!’�. Such fast and unpredictable quotes changes may be determined by economic and political news reports. For instance, check the screenshot ‘” EURUSD, the euro-dollar exchange rate and the world’s most popular forex market, took a steep plunge to a multi-month low after the European Central Bank’s decision to cut rates. But sometimes similar spikes happen due to some other strange reasons. Seriously, no one knows it exactly. There is no 100% prediction at Forex. Trailing Wizard solution:
Usually you may try to secure your… Read more…
