Soon all your tools will be moved to a new website TradingTools.eu! After changing the default web page you will need to update all your applications. Also, we send you an email.
Control your trading intuitively, effortlessly and precisely.
4X Lab is advanced trade manager that can place and manage all type of the orders in accordance with risk and money management. The 4X Lab can accelerate and facilitate managing of many orders, also with common levels of SL and TP. The expert was designed to not disturb on the chart according to rule minimum on chart, maximum efficiency. Important features are available from auto-hiding panels or attached to the order lines. Hover mouse over the 4X Lab element and read tips. All operations can be done directly on the chart. Hold clicked left mouse button on stop loss line or sound alert line (about 1 sec.) and get additional menu. Clicked order line shows information about this order. All is kept in clear way without big annoying trade panels occupying half size of the chart. Short lines of orders don't overlap chart with your technical analysis. Short lines can be dragged at any place on the chart in order to compare their price levels with tops and bottoms precisely. In 4X Lab the SL and TP follows their order lines what is important for scalpers or market events like NFP. Small dashes in vertical line of first candle shows you current broker levels of the orders what allows you better control your trading especially if you are scalper. Orders can be placed using four different methods in accordance with risk and money management. That all doesn't require specific skill, also all can be done directly and effortlessly on the chart. The 4X Lab massively helps professional traders increase their trading productivity.
The 4X Lab (or 4X Lab VPS) is compounded of some my previous tools like KL Visual Order Manager, now 4X Lab, Effortless Risk Manager (ERM), Trend Lines Buy Sell Close, All Trend Lines Alert, Order Screen-shot, Chart Focus and has other advanced features. As module 4X Lab allows you to manage orders by dragging their short lines. You can place new orders immediately by buttons Market Sell and Market Buy. By buttons Pending Sell and Pending Buy you can place any type of the pending and market order. Each order (in ERM module) has calculated lot size according to predefined stop loss distance and account balance, also according to the broker permitted minimum, maximum and lot step. Effortless Risk Manager prevents you from risky trading by risk management from 0.1% of account balance per one trade. Hovering mouse over percentage value of risk shows you current value of risk, its approximate lot size, account balance and account equity. With button Calculate from ERM panel you can draw orders according what you see on the chart. By clicking on chart and selecting entry, stop loss and take profit levels Effortless Risk Manager allows you placing any type of the order. All calculated values you can read from labels before you place order. Button Place or key Enter will place the order. Key ESC removes wrong order. Button Analyze allows you simulate trading on the chart. Trade results you can read as comment in upper left corner of the chart. With Trend Lines Buy Sell Close you can place or close orders exactly on tops and bottoms. The Close line can be used as stop loss or take profit. Module All Trend Lines Alert can inform you about important events on chart like upper or lower breach of the price level or when price hits any of trend lines on the chart. Different sounds according to event type and chart symbol provide you perfect orientation between charts. You can use own sound alert files. Added prefix My to the trend line disables sound alert for this line but line will still flashing if price is near the line. Auto-hiding label in lower left corner of the chart with symbol of speaker louder is switching on/off all sounds on the current chart. The Order Screen-shot can take screen-shots when orders are closed or deleted with trade results and the order trace. With key P you can take screen-shot of current chart. By pressing key F (Chart Focus) you can alternately manage chart scale fix, which is important when the price is being squeezed at the bottom or top of the chart, what disallows you manage stop loss and take profit. Also, it is very useful if you need to scroll chart horizontally to compare S/R or SD levels. Hold mouse pointer on 4X Lab element and read a tips. Tips can be in English, Polish or German language. Click order line and read additional info. Hold clicked left mouse button on stop loss line and get additional menu for fast managing break even, partial take profits 1 an 2, partial stop loss and trailing stop. Trailing stop can follow according to distance in pips, min/max price of four closed bars or according to stand alone indicator like Super Trend. You can manage TS from SL menu, integer value sets distance in pips, entered "bars" means follow by four candles, "trend" means follow by your trend indicator. Menu of alert lines top and bottom allows you close opposite unnecessary pending orders. If no orders on the chart, settings from SL and alert lines menu are reseting to your default settings. Four auto-hiding buttons MarketBuy, MarketSell, PendingBuy, PendingSell allow you easily place orders with predefined SL and TP and in accordance with risk management. Buttons MarketSell and MarketBuy (for scalpers) are placing the orders when mouse button is clicked (not released). Those buttons are very safe and resist to double click or accidentally dragged object, also are inactive near order lines (order lines have higher priority). Buttons PendingBuy and PendingSell you can drag and drop at any place on the chart. Those buttons automatically knows if placed order type is market, stop or limit. You can resign from placing the order moving button back. When dragging button shows current price level and additional lines allows compare price levels with bars. Four auto-hiding labels SL_Sell_off, TP_Sell_off, SL_Buy_off, TP_Buy_off allow you manage orders collectively with common levels of SL and TP according to oldest order. All new SL or TP of new orders are moved to the same level. If level of SL or TP has improper values order lines will inform you about it. When you place first order on the chart and some of labels have suffix _on, then the order will be placed without SL/TP. For collective orders BE, TP1, TP2, SL2 is set according to highest market buy order or according to lowest sell order. Pending orders are ignored, also calculations of TP, SL labels (no trade results). Common levels allows you easily find break even levels reading it from SL or TP label of all buy or sell order. Above buttons Rules, Info... are labels where you can edit percentage value of TP1, TP2, SL2 that is automatically recalculated to lot size to close. Buttons SL2, TP1 or TP2 can be used as hidden SL or TP. Button Allow disables managing of order lines and can be useful with another EA on the same symbol where 4X Lab manage only partial closing, break even and trailing stop. Also, 4X Lab can secure you from dangerous EA in its entirety. More detailed description about each feature and keyboard short-cuts you will find in the table below that is also manual for 4X Lab. Browser searching by keyword will be very useful. In the table you will find information divided according to the feature. The "what's new" section shows the history of changes in the program and added features.
While watching video please refer to the table, link to the table is below the video.
Order lines of 4X Lab are forcing orders position what can be visible as dancing SL or TP if two instances of EA are on the same symbol. So, 4X Lab VPS was designed to works on remote desktops in slave mode to the 4X Lab. It means that all trade operations of 4X Lab VPS are automatically disabled if 4X Lab is running, and enabled again if 4X Lab is off. Also, 4X Lab VPS can send notifications about trade operations and chart events like trend line and breakout alerts. Notifications about trend line and breakout alerts are sent as single events. All notifications are automatically disabled if 4X Lab is running. For notifications you need to have MetaQuotes ID. For proper operations, 4X Lab and 4X Lab VPS need to work on the same broker account and other connection is not required. 4X Lab VPS is stand alone program and because it is related to your trading accounts it can't be purchased on MQL5.com or in MetaTrader terminal.
The 4X Lab also can work with your Trading Robot or Signal Provider, which by better managing of the orders can prevent you from risky trading. You can even disable placing SL an TP by your robot, then if robot is placing orders according to entry and exit rules the 4X Lab can managing the orders by placing SL, TP, sets BE, BE+(minimal profit or commission), TS, taking partial profits at BE or BE2, TP1, TP2, SL2(e.g. for TS) or closing all opened orders on tops and bottoms using trend line CAOO. With 4X Lab you can take profits partially by hotkeys Ctrl+1/2/3 or closing all market orders by hotkey Ctrl+4. By different sound alerts the 4X Lab can inform you about events on your charts, The 4X Lab is taking screen-shots when the orders are closed, closed partially or deleted. All is kept in clear way without annoying order lines that overlap your analysis.
The indicatorAccount Performance Analyzer is stand alone indicator but was designed to works with 4X Lab. Account Performance Analyzer (APA) helps you estimate progress of your trading and your trading account using the most important factors. Moreover you can filter trade performance according to the order type (buy or sell), instrument name and order magic number. Order magic number allows you identify which EA or script placed the order. As default 4X Lab magic number of 4X Lab is 4444.
The big advantage of 4X Lab is post entry trade management that allows you take profits even if your order never reach its take profit or increase profits if price moves in your favour. I encourage you to try and buy this program. Soon all new sold programs will be related only to user name that is visible in Navigator of MetaTrader and email address instead of accounts numbers.
To find answer to your question use search by keyword in your browser (Ctrl+F or F3) when visiting:
Attention! The product is not designed for working in the strategy tester.
The 4X Lab was designed with great care and was tested in many market conditions. If you identify any bugs, please, contact me. If you have any questions or suggestions, also feel free to let me know.