MMTrade

Overview of MMTrade

MMTrade is a utility tool designed for the MetaTrader 4 platform, aimed at simplifying the process of calculating lot sizes based on Stop Loss levels. This tool is particularly useful for traders who need to make quick decisions and execute trades efficiently.

Key Features

• Quick calculation of lot sizes based on Stop Loss.
• Hotkey control for ease of use.
• Visual setup of order properties directly on the chart.
• Support for both market and pending orders.

Hotkey Controls

MMTrade offers a range of hotkeys to streamline the trading process:

• 1 - Set Limit order price level.
• 2 - Set Stop Loss level.
• 3 - Set Take Profit level.
• Space Bar - Open an order.
• Escape - Cancel all orders.
• 9 - Open two orders simultaneously.

Market Order Execution

To open a market order:

• Click (2) and set up Stop Loss with the mouse.
• Optionally, click (3) to set up Take Profit with the mouse.

User Experience

MMTrade is designed to be user-friendly, allowing traders to focus more on market analysis rather than the mechanics of trade execution. The tool's intuitive interface and hotkey functionality make it a valuable asset for both novice and experienced traders.

Conclusion

MMTrade is a powerful yet simple tool that enhances trading efficiency by automating the calculation of lot sizes and simplifying order execution. Its user-friendly design and robust features make it an indispensable tool for any serious trader. 🚀📈