Puts new tools at your fingertips to enable easier, more accurate trading.
- Button to change the timeframe, or to put it in auto mode.
- Button + and – to change the lot size, you can use “P” and “M” shortcut to change lot size.
- Line 1 : Lot Size / countdown of the current candle / the price at the mouse position.
- Line 2 : Pip value in your currency / Atr / Swap Buy / Swap Sell.
- Line 3 : Average pips in the last 20 period of the timeframe choose / the same information but in money.
- Line 4 : Same thing but in the last 10 period.
- Line 5 : Same thing but in the last 5 period.
- Line 6 : Same thing in the actual candle.
- Line 7 : Spread in Pips / the percentage of spread over the average 5 period / spread in your currency.
- Line 8 : When you click on the chart you can have in your currency the value between the actual price and the mouse click / idem in Pips / the mouse click price.
- Line 9 : When you move the mouse, you can have the number of pips between Open and Close of a candle / the Pips between High and Low of the candle / the datetime of the candle.
- You can activate the range of the period choose.
- You can activate the Estimated Time of Arrival of your take profit.
The parameters are:
- Lot: the lot you usually use.
- Label Color: choose the color of the text, white is the default.
- ActiveRangeLine: you can view the range of the average range of the last 5 periods. [True/False]
- LineColor: you can change the color of the range line.
- ActiveTakeProfitETA : give the date and hour of when your take profit could be touch. [True/False]
When you move your mouse on the chart you can see the value in pips between Open and Close [OC] and the Hight and Low [HL].
You can also see the black square, you can move it on your chart, and the text will follow.
When you click on the chart it tells you (in your currency) how much money separate the click and the actual market price (based on the pip value). So you can know before opening a trade the potential of this one, and see if the risk is profitable.
You can see the range of the period based on the average of the last five period. Here it’s the blue line.
You can see two trades with a Take Profit, the first take profit can be touch at this date and hour, of course, the hour changes a lot, but it’s good to know if you need to wait 1 week or few hours.
MT4 Indicators – Download InstructionsToolBox is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. ToolBox provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install ToolBox.mq4?
- Download ToolBox.mq4
- Copy ToolBox.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on ToolBox.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator ToolBox.mq4 is available on your Chart
How to remove ToolBox.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete