Trade Tracker for Custom Symbols MT5 is a library that automatically detects and displays trade levels (Entry, SL, TP) on custom charts in real-time. It’s beneficial for EAs trading on these charts, supporting various custom symbol generators like Renko, Volume Bar, Tick, and Range Bar, enhancing user experience.
Advantages of Trade Tracker for Custom Symbols in MT5
The Trade Tracker Library stands out as an essential tool for traders utilizing custom charts in MT5. Here are some key advantages of incorporating this library into your trading setup:
- Real-Time Trade Visualization: The Trade Tracker enables users to instantly see their trades displayed on custom charts. This includes not only entry points but also Stop Loss (SL) and Take Profit (TP) levels. Traders can monitor their positions as they are placed, allowing for better decision-making and strategy adjustments in real-time.
- Seamless Integration with EAs: For those who rely on Expert Advisors (EAs) to trade on custom charts, the Trade Tracker serves as a powerful add-on. It automates the detection of trade levels, which enhances the trading experience and ensures that users can focus on strategy rather than manual tracking.
- Support for Multiple Custom Chart Generators: The library is compatible with various custom symbol generators, such as:
- Ultimate Renko Chart Generator (already implemented)
- Volume Bar Chart Generator
- Tick Chart Generator
- Range Bar Generator
- Customizability for Offline Charts: For users leveraging other offline chart generators, the Trade Tracker allows for easy customization. You can specify the tradable symbol name, ensuring that your charts reflect the precise assets you are trading, enhancing clarity and focus on specific markets.
- Comprehensive Documentation and Examples: The Trade Tracker comes with a helpful header file and example EA skeleton files. This makes it user-friendly, especially for those who may not be as familiar with coding. Traders can quickly set it up and begin using it effectively without extensive programming knowledge.
In conclusion, the Trade Tracker Library for Custom Symbols in MT5 is a valuable asset for traders who utilize custom charts. Its real-time trade visualization, seamless integration with EAs, support for various chart generators, customizability, and comprehensive documentation make it an advantageous tool for enhancing trading efficiency.
Reviews
There are no reviews yet.