Trade Aide

Trade Aide is a powerful utility designed specifically for MT5 users, offering a wide range of features to simplify and enhance their trading experience. With just a few clicks or keystrokes, traders can open trades, calculate position sizes, manage open positions, and limit daily losses. The primary objective of Trade Aide is to allow traders to focus solely on their technical analysis and setups, without the need to worry about complex calculations or trade management activities.

How Does Trade Aide Help You?

If you typically use Limit or Stop orders, Trade Aide provides a convenient solution. By choosing the type of order from the Inputs tab and using key combinations, such as holding the SHIFT key and clicking the desired level on the chart for Entry, or holding the CTRL key and clicking for Stop Loss, traders can easily place the correct orders. The Position Size is automatically calculated based on the risk set in the Inputs tab, and multiple Take Profit levels are automatically added to the chart.

For those who prefer Market orders, Trade Aide also offers seamless functionality. By selecting the Type of order as Market from the Inputs tab and using key combinations, traders can efficiently place the correct orders with ease.

Trade Aide excels in opening and managing trades. Traders have the flexibility to place 1, 2, or 3 orders simultaneously, all with the same Entry and Stop Loss levels, but each with its own Take Profit level. The software supports various types of orders, including Limit, Stop, and Market. Traders can choose whether to factor in the spread for Entry/Stop Loss when placing orders. Additionally, the software allows traders to set the risk per order, enabling them to define the risk for each position. Traders can also choose to move the Stop Loss to Break-Even after hitting the first Take Profit level or after the price hits a certain R multiple. Furthermore, Trade Aide restricts placing new orders if there are open positions with open risk unless the Stop Losses are set to Break-Even.

In terms of risk management, Trade Aide offers several features to help traders maintain a reasonable level of daily losses. Traders can choose to display their daily Profit and Loss (PnL) visually on the chart, allowing for easy monitoring. The software also allows traders to set a maximum permitted daily loss, ensuring that they do not exceed their predetermined risk tolerance. If the maximum daily loss limit is violated, Trade Aide can automatically close all open positions and prevent the placement of new orders.

For traders who prefer not to have open trades overnight, Trade Aide provides convenient options. Traders can choose to remove any unfilled pending orders at a specific hour and close all open positions at a designated time during the day.

FAQ

Is Trade Aide guaranteed to work in all market conditions?

As with any software, no guarantees can be provided that Trade Aide will work flawlessly in all market conditions. However, the developer regularly performs upgrades and bug fixes to ensure optimal performance.

Can I test Trade Aide before using it in a live market?

Absolutely! It is highly recommended to test Trade Aide on a demo account before using it in a live market. This allows you to familiarize yourself with the software and its features without risking real funds.

Where can I find independent testing of Trade Aide?

You can watch independent testing of Trade Aide on the forexroboteasy.com website. They provide comprehensive reviews and updates on the results of testing this product, allowing you to make informed decisions about its suitability for your trading needs.

In conclusion, Trade Aide is a comprehensive forex software solution for MT5 users, offering a wide range of features to simplify and enhance trading activities. With its user-friendly interface and powerful capabilities, Trade Aide allows traders to focus on their technical analysis and setups, while automating calculations and trade management tasks. Remember to test Trade Aide on a demo account before using it in a live market, and feel free to share your experience with this remarkable software.