Visual Trading Console (Multi Terminal version) is a forex trade management application offering true automated multi-terminal trade management functions for up to 10 Metatrader accounts. The software works seamlessly and transparently with Metatrader to offer many exciting features, such as the highly efficient Trade Manager module, which can be completely customized, and works on a “per ticket” basis! This means that the manager will handle each trade separately, ( even if other trades on the same currency pair are entered.)
Trading can be conducted from the order entry boxes in the application as well as directly from MT4 using VTC’s floating order entry panel that can be attached to any number of MT4 charts.
The panel is a mirror of the order entry box that is visible in VTC’s Instant Entry tab. It can be moved around on the charts and can be minimized if needed. With this feature, VTC can be conveniently used even on a single computer screen. It is also a great tool for quick scalpers, that don’t want to take their eyes off the charts to open a trade.
The available trade manager settings are:
Initial Stop Loss and Take Profit levels, which are defined in pips.
12 different trailing stop types, which can be activated at a certain profit level.
Stepping stop, which enables you to define up to 5 different points when your stop will be advanced by a given pip amount or to a define price level
Multi-level profit taking, which can help you gradually close a predefined portion of your trade at different levels choosing the percent of your trade you wish to scale out at each level. Up to 5 different levels can be defined and you can still use a portion of the trade open if you desire to do so.
- Multi-level stop loss, designed to scale out of a losing trade (up to 5 different levels).
- Moving your stop to break even plus an optional additional amount of pips, at a certain level of profit or loss.
- Robust Add to Position schema offering 10 threshold levels of settings with optional break even+ parameter for each individual entry and the ability to automatically copy your SL & TP levels for the added positions or optionally specifying them for each added position. The levels can be programmed for adding positions when in profit or in loss (cost averaging).
- Timed Stop setting – designed to close your trade at a given time, trade duration or after a specified number of bars.