Forex Tool Shed – Expert Advisors, Indicators and Scripts for managing, monitoring, and analyzing Forex trades!
The Forex Tool Shed offers tools for the MetaTrader 4 platform. These tools consist of Expert Advisors (EAs), Indicators and Scripts, which will manage and monitor your trades, allowing you to spend less time in front of your charts. To view descriptions of these tools or to place an order, click on the links under MT4 Tools on the left .
The Trade Manager (TM) is an MT4 Expert Advisor designed to manage your Forex trades for you. TM does not initiate trades, but once you have an open order, TM will detect and manage it automatically. TM can set your initial Stop Loss and move the stop from 1 to 5 times to specified targets as your trade moves along in profit.
EA Monitor Expert Advisor
The EA Monitor expert advisor was designed for monitoring the status of trades generated by expert advisors–status information such as number of wins, losses and pips for the day, week and month, historical drawdown stats, progress and info pertaining to current trades. But it can be used to monitor any types of trades, not just auto-trades, including trades with and/or without Magic Numbers.
MT4 Scripts & Indicators
The scripts and indicators described below make your trading life a little bit easier. When you need to do something quickly, just drop a script on your chart. In some cases a script will allow you do something you couldn’t otherwise do, like putting a magic number on an order.