Metatrader 4 - Tools and Utilities

This document summarises the functionality of my go-to Metatrader 4 tools and utilities that I have developed for everyday use in my own personal trading. Contact graeme@letmebefree.com for details.

************NEWS FLASH ************

My new trade planning and management tool are now available for purchase on this link at a special bundle price of AUD $50 (includes both trade planner and trade executor). Only available at this low price for a limited time.

Alternatively, check out the MQL5 market place

See the latest video below for an overview. Email graeme@letmebefree.com for further information. Please email graeme@letmefree.com if you would like to trial for a few days first.

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The following is a summary of the functionality of each of the Metatrader 4 tools and utilities that can be purchased as an MT4-Tools starter kit. Further details and links to video demonstrations can be found under the respective pages later in this document.

Each of the tools has been designed to be simple to use, thereby minimising time using Metatrader and increasing the time available to analyse charts and trade the markets.

The tools available will be added to over time, so please come back to mt4-tools.net regularly

Indicators

  • LMBFPositionSize - https://youtu.be/uTlkkbuCsPM

    • Use "Tab" + left click with the mouse to draw a rectangle on your chart where the top and bottom represent a prospective trade's entry and stop-loss levels. Instantly, the position size for the specified risk of your account balance is calculated and displayed at the bottom right of the rectangle.

    • Change the height of the rectangle and it will automatically update the position size for that trade, based on the adjusted trade entry and stop-loss positions.

    • See the lot size change in realtime as the spread changes.

    • Change the percentage risk and account balance that you want used in the calculation.

  • LMBFDraw - https://youtu.be/CCKCS0wP_GU

    • Close a chart with this indicator and then watch it remember all the graphical objects that existed on the chart next time you open the chart for the same symbol.

    • Apply a new template to the chart without losing all the support and resistance lines or other graphical objects that you have just drawn.

    • Have a way to Instantly copy all the graphical objects on the active chart to all other open charts for the same symbol.

    • Left-click a candle on a chart whilst holding the shift key down to draw a colour coded (according to time frame), solid horizontal trend line starting from either the high or low of the candle, depending on whether you clicked above or below the mid-point of the candle.

    • Left-click a candle on a chart whilst holding the ctrl key down to draw a colour coded (according to time frame), dashed horizontal trend line starting from either the high or low of the candle, depending on whether you clicked above or below the mid-point of the candle.

    • Delete all the graphical objects on the active chart with a single keypress.

  • LMBFWatchlist

    • Adding an unlimited number of watchlists with names of your choice

    • See watchlists instantly synchronise across all open charts that have the indicator attached.

    • Dynamically change the spacing between rows to account for your screen resolution

    • Quickly tab through each of your watchlists on the chart

    • Add and remove symbols with a single mouse click or the press of a keyboard button.

    • Add and remove symbols in any list to your "favourites"

    • Quickly identify the current chart's symbol in your list or any symbols already added to "favourites"

    • Auto-populate watchlists with pre-defined criteria, including:

      • All available symbols from your broker

      • Major currency pairs

      • All symbols from the current time frame where the previously completed candle is a pin bar.

    • Delete old watchlists no longer being used.

    • New patterns for auto-populating pre-defined lists to be added.

  • LMBFTimeframeSync - https://youtu.be/HyiF1udX49I

    • Analyse correlation between symbols by connecting multiple charts by time frame such that changing the period on one chart instantly changes the period on all the other linked charts at the same time.

    • See a vertical marker move across all open charts in sync, so you can compare price action of different symbols at the same instant in time.

  • LMBFSymbolSync - https://youtu.be/RqILeQIuXko

    • View the big picture and the smaller timeframe simultaneously on your screen by connecting multiple charts on the symbol and having changes to the symbol on one chart instantly changes the symbol on all the other linked charts as well.

    • Use a cross-hair to pinpoint the same time and price point on charts showing different timeframes for the same symbol.

  • LMBFObjectSync - https://youtu.be/RhtCMGq1seY

    • Connect multiple charts of the same symbol together to automatically see changes to drawing objects on any one of the charts be instantly replicated to all the other linked charts. This includes creating, deleting, updating, resizing or moving of objects.

    • Instantly copy all previously existing graphical objects for the active chart to all other open charts of the same symbol where either this indicator or LMBFDraw has been attached.

    • Temporarily hide all objects on all linked charts leaving raw price action and indicators only. Then magically make them all reappear again in an instant.

Scripts

  • LMBFTemplateSync - https://youtu.be/hb4kDKZS89s

    • Quickly and easily apply a pre-defined template to all charts currently open on your terminal.