TradePanel Expanded

As part of our ongoing commitment to provide insightful, independent reviews of advanced trading tools, we are pleased to present the TradePanel review. Focusing on the unique EA support, this trading enhancement tool provides discretionary traders with the flexibility and control needed to achieve their Forex strategies.

Key Features of TradePanel

TradePanel is a robust platform designed to facilitate Forex trading through unique features, which include adjustable windows that can be opened, closed, and moved to suit the trader’s preferences.

Expert Advisor (EA) Support

A standout feature is the Expert Advisor input, also known as ‘Magic’. This unique identifier is vital for traders who utilize multiple EAs. It ensures seamless operations by differentiating each EA.

One-Click Trading Button

TradePanel sports a one-click trading button that functions similarly to Metatrader’s. With this feature, traders can set the volume for each instrument individually. This setting persists even after changing charts or restarting Metatrader, enhancing the customizability of the platform.

Risk Management with TradePanel

TradePanel offers advanced risk management features that allow traders to set the risk per trade. This can be done as a percentage of the current available capital of the account or as a specific monetary amount. These risk management settings are linked to the volume value in the ‘One Click Trading’ window, enabling real-time adjustments.

Order Execution and Management

Traders have the flexibility to specify how new orders will be executed on TradePanel. This includes setting individual take profit, stop loss, and pending price values for each instrument. Similar to the volume setting, these values remain saved even after changing charts or restarting Metatrader.

Order Closure Options

TradePanel offers multiple ways to close an order, allowing traders to adapt quickly to different market situations. The platform supports the closure of all open buy or sell orders, open orders in profit or loss, and even the highest pip open order. Additionally, it can facilitate partial closure of open orders with a specified volume.

Trailing Stop Feature

A key feature of TradePanel is the trailing stop function. This feature automatically adjusts the stop loss as the market price moves favorably. The platform currently supports two variants of the trailing stop, each settable for individual orders. The first works like Metatrader’s internal trailing stop, while the second progressively draws the stop closer as the course nears the take profit.

Profit Statistics

TradePanel provides an overview of the account’s current performance. For accurate display, the entire account history must be selected in the terminal.

FAQ

For additional information about TradePanel, independent testing of this product can be viewed on forexroboteasy.com. Subscriptions for updates on product testing results are also available.

We encourage readers to share their experiences using TradePanel. This is an independent product review and is not affiliated with the product or its developers.