Setup & First Steps
EasyTrade is a trading panel that handles manual order placement with visual lines for Entry, Stop Loss, and Take Profit. It calculates lot size automatically based on your risk settings.
Setup:
- Attach EasyTrade EA to your chart
- Enable "Live Trading" in the EA settings
- Set your preferred Trade size type (Fixed lot or Risk from SL)
- The panel appears with BUY/SELL buttons and setup lines on the chart
The Standard Trade Workflow
- EasyTrade shows setup lines on the chart (Entry at current price, SL and TP as draggable lines)
- Drag the SL line to your desired stop-loss level
- Drag the TP line to your target (optional if "TP required" is off)
- The panel updates in real time: lot size, risk amount, R:R ratio
- Click BUY or SELL
- Trade opens, screenshot is taken automatically (if enabled)
Key Parameters
Lot Calculation
| Mode | How it works |
|---|---|
| Fixed lot | Always trades the configured lot size (default: 0.01) |
| Risk from SL | Calculates lot size so that if SL is hit, you lose exactly X% of your account |
Recommended: Risk from SL with 1% maximum risk per trade. This ensures consistent risk regardless of the SL distance.
| Parameter | Default | Description |
|---|---|---|
| Trade size type | Fixed lot | Fixed or Risk from SL |
| Based on | Balance | Balance, Equity, Lowest, or Highest |
| Maximum risk per trade % | 1.0 | Risk percentage (Risk from SL mode) |
| Fixed lot size | 0.01 | Lot size (Fixed lot mode) |
Risk Controls
| Parameter | Default | Description |
|---|---|---|
| Max spread in pips (Open) | 1.0 | Blocks entries when spread is too wide |
| Max spread in pips (Close) | 1.0 | Blocks closes when spread is too wide |
| Higher risk allowed? | false | Allow exceeding max risk tolerance |
| Maximum risk tolerance % | 5.0 | Hard limit for risk per trade |
Basket Management
EasyTrade groups all trades with the same Magic Number into a basket:
| Parameter | Default | Description |
|---|---|---|
| Use basket trailing? | false | Trailing stop on combined basket P&L |
| Basket trailing trigger | 10.0 | Profit threshold to activate trailing |
| Basket trailing value | 5.0 | Trailing distance from peak profit |
| Use basket profit target? | false | Auto-close all positions at target |
| Basket profit target | 20.0 | Target profit for auto-close |
| Basket close at date/time | 0 | Time-based auto-close (0 = disabled) |
Line Labels
While setting up a trade, the lines show:
- Entry line: Price + "Open"
- SL line: Price + distance in pips + risk amount in account currency
- TP line: Price + distance in pips + potential profit + R:R ratio
- Wrong stop (gray/red): SL is on the wrong side of Entry
Practical Tips
- "Risk from SL + Balance" is the professional setup. You always risk the same percentage regardless of instrument or SL distance.
- Use different Magic Numbers for different strategies. This keeps baskets separate and gives you clear tracking.
- Auto-screenshots create a visual trade journal. Set a meaningful Strategy name to organize screenshots by strategy.
- Spread filter is your friend before news events. It prevents opening trades when spreads are abnormally wide.
- Basket trailing: Set trigger to your minimum acceptable profit, trailing value to how much you're willing to give back.
Common Issues
"Filtered by spread" - Current spread exceeds your max. Wait for spreads to normalize or increase the limit.
High risk warning (red panel) - Your calculated risk exceeds Maximum risk tolerance. Either widen SL distance (smaller lot) or enable "Higher risk allowed".
SL/TP line shows gray - The stop is on the wrong side of entry. Drag it to the correct side.