Summary of "🚀Trade Assist Prop Firm Plus Expert MT4/5 #01 – Free Download [TradingFinder]"
The video introduces a sophisticated Prop Capital Protection Expert Advisor designed for Prop Trading Accounts, emphasizing risk management and disciplined trading to help traders avoid margin calls and achieve consistent profits. The tool integrates intelligent capital and trade management features, allowing traders to control trade execution, stop-loss, take profit, and overall account protection with ease.
Main Financial Strategies and Features:
- Trade Execution and Setup:
- Manual execution of buy/sell trades and pending orders.
- Adjustable trade volume.
- Configurable stop-loss and take profit based on points, balance percentage, or dollar amount.
- Risk-to-reward ratio settings.
- Visual Trade Management:
- Graphical interface to set and adjust stop-loss and take profit levels directly on the chart.
- Visual display of potential profit or loss.
- Advanced Trade Management:
- Break-even point settings (points, balance percentage, or dollar amount).
- Trailing stop options to protect profits automatically.
- Quick trade management functions: close all trades, close pending orders, break even for all profitable trades.
- Account Protection Panel (7 Tabs):
- Volume Tab: Limits on max trade volume, daily/weekly trades, and consecutive wins/losses.
- Time Tab: Permitted trading days and time intervals.
- Profit/Loss Limits: Daily/weekly profit and loss limits configurable by balance percentage, pips, or dollar amount to prevent greed and revenge trading.
- Symbol Restrictions: Limits trading to approved symbols to maintain discipline.
- Account Info: Displays starting balance, drawdown, and consecutive win/loss stats for performance review.
- Mandatory SL/TP Settings: Enforces stop-loss and take profit settings with warnings; prevents emotional adjustments.
- Economic News Tab: Displays key economic news for major forex currencies before and after release to avoid high volatility risks.
Methodology / Step-by-Step Guide Highlighted:
- Use the trading tab to execute trades and set pending orders.
- Configure stop-loss and take profit levels either numerically or visually.
- Manage trades with break-even and trailing stop options.
- Utilize the account protector panel to enforce discipline by setting limits on volume, time, profit/loss, and symbols.
- Monitor account performance metrics regularly.
- Use mandatory SL/TP enforcement to reduce emotional trading.
- Stay informed on economic news to avoid volatile trading periods.
The video promises further tutorials to explain detailed usage of each section.
Presenter / Source:
- The video is presented by TradingFinder and focuses on the "Trade Assist Prop Firm Plus Expert MT4/5" tool.
Category
Business and Finance