The Buy Sell Stop Button expert advisor for Metatrader 4 is a useful trade management tool that adds customizable buttons to open, close, and manage trades with one click. This comprehensive guide will cover everything you need to know about this useful EA including features, setup, usage tips, and expert advice to get the most value from it.
Introduction to the Buy Sell Stop Button EA
The Buy Sell Stop Button EA was created to simplify the process of executing and managing trades manually in the MT4 platform. It adds customizable button overlays to your charts that allow you to long or short the market instantly and manage open positions.
Some of the key features and benefits include:
- Buy, sell, and close buttons for one-click trading
- Works on any symbol and timeframe
- Fully customizable stop loss, take profit, lot size
- Trailing stops, break even, and more
- Simple drag and drop installation
- User-friendly interface even for beginners
Having these quick-access buttons can save significant time compared to manually placing orders and reduces order slippage. Now let’s look at how the buttons work and ways to customize them.
How the Buy, Sell, and Close Buttons Work
The Buy Sell Stop Button EA puts three buttons on your chart – Buy, Sell, and Close.
Buy Button
- Longs market at ask price
- Lot size and SL/TP based on settings
Sell Button
- Shorts market at bid price
- Lot size and SL/TP based on settings
Close Button
- Closes out any open positions
- Option to select partial close
The buttons provide one-click access to opening or closing trades based on your predefined specifications rather than having to open order windows manually each time.
You can fully customize the buttons based on your trading plan including position size, stop loss pips, take profit pips, and more. The buttons essentially automate your trade execution.
Customizing the Buy Sell Stop Button Settings
One of the great things about this EA is the level of customization through the inputs section. You can configure the buttons exactly how you prefer.
Some of the key settings that can be customized include:
Lot Size – Choose your preferred fixed trade size
Stop Loss – Set the SL pips value for new trades
Take Profit – Set the TP pips value for new trades
Trailing Stop – Enable trailing stop and set pip level
Break Even – Automatically move SL to breakeven after X pips
Risk – Max account % risk per new trade
Magic Number – Magic number for trades from buttons
Partial Close – Enable partial close of X% when closing
Optimizing these settings allows you to have the buttons automatically execute your trades according to your plan parameters.
Using the Buttons for Efficient Trade Management
One of the biggest advantages of the Buy Sell Stop Button EA is the convenience it provides for quickly managing your trades and positions. Here are some examples:
New Trades – Click Buy/Sell to instantly execute trades according to your settings
Close Trades – Close out individual trades or all open trades in one click
Partial Close – Close only a percentage of a trade
Break Even – Auto move stop loss to entry after X pips
Trailing Stop – Auto trail stop loss as price moves favorably
Reverse Positions – Click Buy/Sell to reverse existing positions
No Loss – Close trade at breakeven if reaching stop loss
Having these quick-access management features at your fingertips can save you considerable time.
Using the Buy Sell Stop Button EA Like a Pro
Here are some pro tips to help you get the most value from the Buy Sell Stop Button trading tool:
- Customize the buttons to align with your trading system rules
- Use backtesting to optimize your SL/TP, lot size, and risk settings
- Be disciplined and stick to your predefined settings
- Consider partial closes to scale out of winning trades
- Use stop buttons for break even and trailing stops to lock in profits
- Review your trading history periodically and adjust settings as needed
- Practice using the buttons effectively on a demo account first
- Use in conjunction with other EAs and trade management tools
Proper customization and practice is key to utilizing the buttons effectively to implement your trading plan.
The Verdict on the Buy Sell Stop Button EA
In summary, the Buy Sell Stop Button EA provides an easy way to execute and manage trades with one-click buttons. The ability to open, close, and modify trades instantly can help traders improve efficiency and reduce mistakes from manual trading.
The flexibility to fully customize the buttons to match your plan’s specifications is a major benefit. With the right settings dialed in, the Buy, Sell, and Close buttons can work seamlessly to execute your trades like an automated assistant.
While it doesn’t provide actual trade signals, having these quick-access buttons can be a valuable addition for traders looking to simplify order management. If used properly, the Buy Sell Stop Button EA can help traders implement their plans more effectively.
Buy Sell Stop Button Trading Tool
The Buy Sell Stop Button expert advisor for Metatrader 4 is a useful trade management tool that adds customizable buttons to open, close, and
Application Category: MT4 Software
4.7
