Panel for Trade (panel.mq5)
This is a semi-automated trading panel EA that provides a graphical interface on the chart for manual trade execution. It allows the user to adjust lot size and execute BUY, SELL, and CLOSE operations via on-chart buttons, with live bid/ask price display that updates on every tick.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA does not contain any automated trading strategy; it is a chart event-driven semi-automated trading panel tool. Entry conditions are entirely decided by the trader manually, executing market orders at current ask/bid price via BUY or SELL buttons, or via price BUY/price SELL buttons that display current prices and immediately open positions. Exit conditions are also manually triggered through the CLOSE button which closes all positions for the current symbol. Position sizing starts at 0.01 lots, adjustable by Plus/Minus buttons in 0.01 increments with a minimum of 0.01, but there is no maximum lot size cap. Money management is completely absent—no stop loss or take profit is set, as all PositionOpen calls use 0 for both SL and TP parameters. The EA relies on the MasterWindows framework (ClassWin.mqh) to build its GUI interface, functioning purely as a manual trading assistance tool rather than a strategy-based EA.
Strengths
- Provides an intuitive on-chart GUI for quick trade execution without using the standard MetaTrader trade dialog
- Real-time bid/ask price display updates on every tick, keeping the trader informed of current market prices
- Flexible lot sizing with convenient Plus/Minus buttons and minimum lot protection to prevent zero-lot orders
- Supports window minimize/hide functionality, not occupying excessive chart space
- Clean code structure built on the MasterWindows framework with an event-driven model that is easy to understand and extend
Weaknesses
- All position open operations have no stop loss or take profit (SL=0, TP=0), leaving position risk completely uncontrolled
- No maximum lot size limit—accidental clicks could result in oversized orders causing significant losses
- The CLOSE button uses PositionClose to close the entire symbol position, unable to partially close positions
- No position check or duplicate click protection—rapid repeated clicks on BUY/SELL could open multiple duplicate positions
- Lot adjustment step is hardcoded to 0.01, not adapting to different symbols' minimum lot and lot step requirements
Possible improvements
- Add stop loss and take profit parameters allowing users to set SL/TP values on the panel that are automatically applied when opening positions
- Add maximum lot size limit and symbol lot specification validation (using SymbolInfoDouble for VOLUME_MIN/STEP/MAX) to prevent non-compliant orders
- Add position checking logic before opening trades to detect existing same-direction positions, and provide partial close functionality instead of full close only
Risk assessment
Overall risk: High risk
- All positions are opened without stop loss or take profit, leaving risk fully exposed—extreme market moves could cause massive losses
- No maximum lot size limit means accidental operation could lead to excessive leverage
- No duplicate click protection could result in unintentionally opening multiple positions
- The CLOSE button instantly closes all positions, which could accidentally close strategic holdings
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
lot | 0.01 | Initial tradinglot size |
lot_step | 0.01 | Lot increment/decrement step (hardcoded) |
lot_min | 0.01 | Minimum allowedlot size |
Similar Utility EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.