Does any one know were to find the MT4 mini terminal tools? This such a great tools made for fast and better way to enter and excute trades in the market. I found IBFX (US broker) supported it but they are going to close there trading division. I also found AXI Trader (Australian Broker) supports the mini terminal and many other robust tools. But they do not let US citizens can not register with them.
Any idea who still supporting the Mini Terminal as I need a new broker?
The Metaquotes one click feature sucks and is not the the mini terminal They need to bring it back or reinvent better version.
One eample of some of the features of the mini terminal.
Some of the Feature of the old mini terminal are this, that the new one click MT4 does not do..
The old mini terminal features.....................................................
You can add a Profit Target. Simply click Buy or Sell. We’ll click Buy. We can see our order now appears on the chart.
If you want to then adjust your Stop Loss or your Profit Target, you can simply drag-and-drop it around on the chart. It’s quite effective like that. Make sure you’re clicking on this little gray part of the order.
A few other things on the Mini-Terminal: you can see the spread here. You can see your current position size.
We have these two little icons. The first one is Settings. You can undock the chart and take it outside of MT4 somewhere else on your desktop. You can undock this Mini-Terminal. If you want the Mini-Terminal sitting off the chart, you can do that, too. You can see any Order Tasks that are running. I have one order task because it’s a trailing stop.
My Settings allows me to Add or confirm Quick Buy or Quick Sell on the chart; that’s trading without a confirmation.
Close all for symbols: you put it in non-hedging mode which means that when you sell or buy rather than create a new position, it will close any open existing positions that you have. Click Save.
Finally, we’re at my favorite part of the Mini-Terminal. Click here and we have our Order Template. On our order template, we can select different order types. You can set a Fixed Lot Size, Fixed Cash Risk, Percentage of Equity, or Percentage of Balance.
Percentage of Equity is quite nice. For example, I want the risk at 1% of my equity in my account. It’s going to automatically calculate that based on my stop loss distance here. It allows you to be very consistent in your money management model no matter which currency pair you’re trading. It means you don’t have to do that manual calculation which can be quite difficult to do on your own.
You have different stop loss types: Fixed Price, Cash Risk, Percentage of Equity, and Percentage of Balance.
You have different types of profit methods.
You have a trailing stop. Trailing stops can only be done based on pips.
You have this really cool feature called Order Comment. You can add a note or a magic number to a trade. This is fantastic if you’re running different strategies. What it allows you to do is add a number or a comment to a strategy. Whenever you place a trade from that strategy, you can then report on it separately.
Let’s say you have two strategies: one for breakouts and another for counter-trend. You can say “assign all breakouts to magic number 1” or “assign counter-trend to magic number 2”. When you do your reporting later, you can report solely on all trades that have either this comment or magic number. You can then save this as a template so you don’t have to add this in each time. Click Save.
If you look at the top, you can see the counter-trend template now appears. I select that and load my counter-trend template and I can place my order just like that. It’s a very effective method of ordering.
In the old mini terminal you can set up template that allows true one click trading with your stop loss and take profit enter at the same time you buy or sell.
Another nice feature was that take profit line and stop lose line was easy to see and easily adjusted.
To add comments, please log in or register