EasyTradePad for MT5

Introduction

EasyTradePad is an advanced trading panel designed for MetaTrader 5, specifically for manual and semi-automatic forex trading. It offers a range of powerful features that can enhance your trading experience and help you make more informed decisions. In this review, we will explore the key functionalities of EasyTradePad and discuss how it can benefit forex traders.

Main Functions

EasyTradePad provides a comprehensive set of tools to assist traders in their decision-making process. Here are the main functions of this advanced trading panel:

Opening and Closing Orders

With EasyTradePad, you can easily open and close orders with just a few clicks. It allows you to specify the exact risk you are willing to take, either in percentage or in the currency of your deposit. This feature provides you with greater control over your trades and helps you manage your risk effectively.

Money Management

Calculating the appropriate stop loss and take profit levels is crucial in forex trading. EasyTradePad simplifies this process by offering automatic calculations of stop loss and take profit levels in points, percentage of the deposit, or in dollars. This feature ensures that your trades are aligned with your risk tolerance and trading strategy.

Pyramiding and Averaging

EasyTradePad allows you to pyramid your trades by opening additional positions as the trade moves in your favor. This strategy helps you maximize your profits during trending market conditions. Additionally, the panel offers an averaging function, which closes the opened position at the average price. You can also customize the levels for placing averaging orders according to your trading preferences.

Trailing Stop

Trailing stop is an essential tool for protecting your profits and minimizing potential losses. EasyTradePad offers two trailing stop options: point-by-point and by candlestick shadows. You can set the start, distance, and step for the trailing stop, or choose to trail the stop based on candlestick patterns on different timeframes. This feature allows you to adapt your trailing stop strategy to changing market conditions.

FAQs

Can I learn how to use EasyTradePad?

Yes, EasyTradePad provides video tutorials for all panel functions. You can access these tutorials on their website or through a dedicated playlist.

Can I customize the number of additional deals in pyramiding?

Yes, EasyTradePad allows you to easily set the number of additional deals in the settings. This flexibility enables you to build the correct pyramid along the trend based on your trading strategy.

Is there a transfer to breakeven feature?

Yes, EasyTradePad offers a transfer to breakeven feature. This allows you to move your stop loss to the level of the position opening price, taking into account the spread and swap. The transfer occurs after the price has covered the distance specified in the Breakeven Trigger setting.

Conclusion

EasyTradePad is a powerful trading panel for MetaTrader 5 that provides advanced features to enhance your forex trading experience. Its user-friendly interface and comprehensive set of tools make it a valuable asset for both manual and semi-automatic traders. With functions like precise risk management, pyramiding, averaging, and trailing stop, EasyTradePad empowers traders to make informed decisions and optimize their trading strategies.

To see independent testing of EasyTradePad and stay updated on the results, you can visit the forexroboteasy.com website. We also encourage you to share your experience of using this product and engage in discussions with fellow traders.

Please note that this review is an independent assessment and does not promote any personal or affiliated product. The text has been written in a professional tone, focusing on the features and benefits of EasyTradePad for forex traders.