Visual Trading Console is a forex trade management application offering true automated multi-terminal trade management functions. Up to 10 Metatrader accounts can be monitored simultaneously. Most importantly, the software works seamlessly and transparently with Metatrader additionally offering many exciting features.
Robust and highly efficient trade manager
The trade management module is completely customizable. Above all, it works on a “per ticket” basis! For that reason, the software is handling each trade separately, even if other trades on the same currency pair exist. Coexisting EAs and manually entered trades do not interfere with the system. The trade manager will not interfere with trades from external sources unless instructed otherwise.
Trading is conducted either from order entry boxes on the application’s “instant entry” tab, via standard MT4 interface, or on VTC’s floating order entry panel – an indicator attached to any MT4 chart.
The panel is a mirror of the order entry panel that is visible in VTC’s Instant Entry tab. Furthermore, you can reposition it on the chart or minify it to suit your preference. With this feature, VTC is convenient for use even on a single computer screen. Therefore it is also a great tool for scalpers, that need to keep focused on the charts at all times.
Available trade manager settings
Initial Stop Loss and Take Profit levels, defined in pips or price value.
13 different trailing stop types activated at user-defined profit levels.
Stepping stops with up to 5 different levels where stops are advanced by a given amount of pips or set to a predefined price level.
Multi-level profit-taking is designed to scale out of a position at given levels by a percentage of the open trade. Trades can be scaled out on up to 5 levels. A portion of the trade can additionally be left open if needed.
- Multi-level stop loss is designed to scale out a losing trade. You can utilize any of the five available stop 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 offers 10 threshold levels of settings. All with an optional break even+ parameter for each entry. Optionally copy your SL & TP levels for the added positions or specify them explicitly for each added position. These levels can be used for adding positions when in profit or similarly cost averaging losing trades.
- Selected trades can be closed at a specified time using the Timed Stop feature. Also, a given trade duration can be specified to close a trade. Lastly, a trade can simply be closed after a preset number of bars.