What are these keys here for? 🤔
With this key you can enable or disable functionalities that have an immediate impact on your trading account. In case of necessity, to avoid unwanted actions from others 👶🏻, please make sure your num key is disabled (LED indicator in the top right corner of the magic keyboard).
Whenever you need to open a trade, press this button and the trade calculator will show on your screen. One line is for stop loss price and one for take profit price. By default the calculator will execute trades at market price. Use MARKET PENDING to switch to a pending order.
TIP! Try pressing TARGET @default, TARGET @1:x, INPUT PIPS or INPUT RISK while the calculator lines are showing
When the calculator is on screen, it will allow for quick toggling between buy and sell trades.
Once you are sure of your price levels and checked the trade lot size, press this button to execute your order.
If you have an active position on an instrument and want to open another trade in the same direction and with the same stop loss price and take profit price, press this key and a new position will be opened.
The target trade to duplicate can be either the first trade found or one selected specifically.
You can also choose to get the same lot size as the copied trade.
Once your trade is in profit you can press this key and your stop loss will be automatically be moved to entry price. This applies to all trades on the selected chart that are in profit or to the one trade that you select. The trades that already have a stop loss price in profit territory will not be modified.
This key allows you to set a breakeven trigger at a desired price. When it gets hit, stop loss levels are automatically moved to entry price. This action applies to all individual trades. For this trigger to work you need your MT to stay open and not change chart symbol.
TIP! Try pressing TARGET @default, TARGET @1:x or INPUT PIPS while setting the BE price
This key allows you to set multiple partial take profit triggers at desired prices. When they get hit, a certain percentage of the position volume gets closed. This action applies to all individual trades. For this trigger to work you need your MT to stay open and not change chart symbol.
TIP! Try pressing TARGET @default, TARGET @1:x or INPUT PIPS while setting the PTP price
Used to select a specific trade between all the trades on the current chart on which to perform an action. If the calculator is on screen, it will toggle selection between SL and TP lines allowing you to take action on that specific level with keys like INPUT PIPS, TARGET@default and TARGET@1:x.
Close a portion of your position on the current symbol. CUSTOM refers to volume percentage that you can customise in the EA settings. This applies to all trades on the selected chart or to the one trade that is selected.
Moves the target to a default amount of pips distance from entry (amount set in EA parameter). Target can be trade take profit if any trades open; calculator take profit or stop loss line if calculator is showing; Partial TP price if setting Partial TP trigger; Auto BE price if setting Auto BE trigger. This applies to all trades on the selected chart or to the one trade that is selected.
Moves the target to a custom amount of pips distance from entry (check dialog on Magic Keys Windows app). Target can be trade take profit if any trades open; calculator take profit line if calculator is showing; Partial TP price is setting Partial TP trigger; Auto BE price if setting Auto BE. This applies to all trades on the selected chart or to the one trade that is selected
Set a custom risk for the next trade (check dialog on Magic Keys Windows app). Can be activated only when calculator is open and resets if calculator gets closed.
If you are using % risk based lot sizes, you will have to enter the desired % risk, otherwise you will be able to set the lot size directly.
Zoom in and out on the selected chart.
Can be used to activate your own scripts or, if needed, you can ask us to develop functionalities specific to your needs.
FN can be linked to Partial SL feature
FN 1 maps to Ctrl+G
FN 2 maps to Ctrl+J
Add these two combinations as hotkeys for your scripts.
Move up and down on chart timeframe. Can be overridden and used to activate custom scripts or functionalities. Contact us if needed.
- Partial SL
- Instant buy or sell
- Trail stop loss to previous candle high or low
- Pip counter for open trades
- Trading limits panel
Pips range for closed trades to be considered BE – In the STATS panel, trades will be categorised into winning, losing and breakeven. With this parameter you can customise which trades will be considered closed at breakeven based on the P/L pips from entry price.
Eg. If set to 2, a trade that has been closed with a 2 pips loss or a 2 pips profit will be considered a breakeven trade.
Exposure indication at risk % – By settings these two parameters you will get a string on your screen while placing the trade saying that you are over leveraging your account.
Use risk % of account to calculate lot size per order – Do you want dynamic lots sizing based on a risked amount of money (percentage of account balance or equity) or do you want do you want a fixed lot size for every trade?
% or risk per order – What amount of money (expressed in percentage) from your account balance do you want to risk on the trade? Values go from 1 to 100.
Should equity or balance be used for the calculation – The % amount risked on the trade should be from account balance or equity?
Fixed lot size – If not using dynamic lot sizes, this lot size will be used for each trade you open.
Min and max lots – These values are a limit to the minimum and maximum lots allowed per trade when using account percentage based risk. If set properly they prevent you from opening positions with a stop loss size tighter than usual or too large.
Max price slippage – The maximum difference between the price you want your position to be entered at and the entry price the broker is offering.
Pips in profit when SL moved @entry – Defaults at 0 which means your stop loss will be set exactly at the entry price. If higher then 0 then the stop loss level will placed that amount of pips in profit when SL @entry is pressed.
Pips in profit when TARGET moved @default – Defines at which amount of pips from entry the target should be moved to when the TARGET @default button is pressed. Remember that the target changes based on the action you are taking.
% of position to close on CLOSE CUSTOM – What percentage of your trade position do you want to close when pressing CLOSE CUSTOM key. This is a value between 0 and 100.
Eg. 75 for 75% of position lots
% of position to close on when Partial TP/SL is hit – When the partial TP/SL trigger is activated, what % of the position do you want to be closed automatically?
RR to move TARGET @1:x – Defines at which risk-reward the target should be moved to when the TARGET @1:x button is pressed. Remember that the target changes based on the action you are taking.
Partial TP/SL initial pips distance – If you have an average/default pips amount of profit at which you take out part of your position, by setting this parameter to that pips amount you will be able to quickly activate the Partial TP/SL trigger. You can also drag the line to a specific price point.
Auto BreakEven initial pips distance – If you have an average/default pips amount of profit at which you move your stop loss to entry price, by setting this parameter to that pips amount you will be able to quickly activate the Auto BE trigger. You can also drag the line to a specific price point.
Alert on Partial TP/SL/AUTO BE hit – Do you want to be notified (on-screen alert + sound) when trigger price is reached?
Play sound when a Magic Keypad button is pressed – Auto explanatory 😅
Placement of dynamic labels and fixed position – These will be useful for keeping the indicator labels in a place you are comfortable with
Line colors – Change them to customise your chart appearance
EA magic number – Trades opened with the Magic Keypad can be marked with a magic number value