At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

Assistance Tool

MQL Rating

EASY Rating

Release Date

By popularity

Choose popularity

Trading Platform

Assistance Tool

Type

Choose type

Select a trading platform to view the types

Strategy

Choose strategy

What is an Assistance Tool?

  • An Assistance Tool is a software feature designed to aid traders in managing their trading processes.
  • It can automate tasks, manage risk, and provide analytical insights, helping traders focus on strategy.
  • Typical functions include setting stop losses, take profits, and analyzing chart trends.

    • Key Features of Assistance Tools

  • Trade Management: Allows for easy opening and closing of trades, as well as setting pending orders with minimal clicks.
  • Risk Management: Implements range of risk controls including dynamic position sizing based on account balance.
  • Performance Analytics: Provides traders with real-time data and analysis on their trading decisions.
  • Customization: Users can tweak the settings to align with their unique trading styles, including customizing entry and exit points.

    • Types of Assistance Tools

  • Cart Management Tools: Tools that help in managing open positions, modifying orders, and calculating stop losses.
  • Market Analysis Tools: Assist traders in understanding market conditions and identifying trends using various indicators like moving averages.
  • Risk Management EAs: Tools like the 'Risk Management Assistant' which provide strategies for hedging, averaging, and dynamic position sizing.

    • Examples of Popular Assistance Tools

  • EASY Trendopedia: One of the top EA tools that analyzes trends across charts and implements strategies based on market movements.
  • EASY Scalperology: Specifically designed for scalpers to manage risk swiftly and execute quick trades.
  • Trader Assistant Pro: An EA that helps manage multiple positions effectively by setting predefined risk parameters.

    • Benefits of Using Assistance Tools

  • Reduces emotional trading by automating decisions based on set parameters.
  • Increases efficiency, allowing traders to focus on optimizing their strategies.
  • Facilitates better risk management, which is crucial for protecting trading capital.
  • Provides traders with analytical insights that can lead to improving performance over time. 📊

    • Conclusion

  • Incorporating Assistance Tools in trading strategies enhances efficiency, consistency, and profitability.
  • For traders, these tools are not just helpful; they are essential allies in navigating the complexities of the Forex market. 💼
    • No trading robots found.
    Log in
    Sign in

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.