The default Metatrader installation lacks some very important functions. Have you ever wondered how to set a pre-defined stop loss or take profit with your trade? Have you ever wondered how much you will risk with your next trade and how much is a certain stop distance? These two Metatrader Tools will do this for you.
Mini Terminal and Trade Terminal
The Admiral Mini Terminal is a real one click panel by means of which you can open your trade with a pre defined stop loss and take profit. If you don't know how much is your preferred stop distance, just ctrl + click and the Mini Terminal will calculate it for you. If want to save your trading settings as trading template, so that you always trade with the same position size or balance-in-percentage-relation, just save this as your preferred settings. With the Admial Trade Terminal you have far more options to administer your open positions: Just close all your positions at once (panic button), close half or a third of your position or just save an automated template that will close half of your position when reaching a certain price level.
ActivTrades SmartOrder 2
Choose up to six trading instruments and trade with a real one click panel with a pre-defined stop loss and take profit. Bear in mind that ActivTrades is a so called 5 digit broker and that your Stop and Take Profit needs to be entered in three digits: If you want a Stop of lets say 20 pips just enter 200. With SmartOrder 2 you have advanced functionality. Just close all your trades at a certain point of date and time (e. g. before the markets close), set up a OCO-Order or scale out your trades according to a certain pattern. SmartOrder 2 has almost the same functionality as the Admiral Supreme Edition but it can't calculate your risk in percent of your balance. As ActivTrades is a real microlot broker, you can even trade small accounts of 1000 USD or less.
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