TraderTool

TraderTool takes over the positions already open on your account, groups them by symbol and direction into up to five baskets, and manages each one by explicit rules — adding grid legs when price moves against the basket by the distance you set, computing the volume-weighted average entry, and writing one shared take-profit onto every leg. It alerts you when drawdown reaches your threshold.

What it does

• Adopts the positions already open on the account, ignoring magic numbers
• Averages in as a grid once price runs a set number of points (300 by default) past the basket's worst-priced leg — each added leg takes the basket's smallest lot, up to 15 legs
• Computes the volume-weighted average entry and writes one shared TP onto every leg, the same distance from the average however deep the basket gets
• Account-wide stop loss set as a percentage of balance, plus a CLEAR button that closes the whole account the first time floating profit turns positive
• Drawdown alerts through MetaTrader push notifications
• An ON / OFF switch on the board, with a Bangkok clock that stays correct on any server — no entry buttons on a live account
• Backtest inputs that have the EA open the first leg itself in the Strategy Tester
• Three board sizes (SM / MD / LG), remembered per chart

How it works

1. The first trade is yours

   TraderTool is not a signal generator and never opens the first leg on a live account — it comes from you, your phone, a trade copier, or another signal EA.

2. Slotted

   Every distinct (symbol, direction) pair is adopted into one of five slots and treated as a single basket.

3. Averaging by distance

   When price moves against the basket by the configured distance, the EA adds one leg in the same direction, sized at the basket's smallest lot.

4. One shared TP

   Whenever a new leg arrives without a TP, and every time you switch ON, the average entry is recomputed and the same TP value is written to every leg.

5. Closing out

   A basket closes at its shared TP; the stop loss and the CLEAR button close the whole account; and you can always close by hand.

Who it suits

• Traders running several pairs at once who want every basket on one screen
• Traders whose entries come from elsewhere (a copier, a signal EA) and who want a manager with explicit rules
• Traders who understand averaging-in and accept the risk that comes with it

What to watch out for

• Requires a hedging account — the strategy holds several legs on the same symbol and direction.
• Its stop loss and the CLEAR button close every position on the account and delete every pending order, including trades it never opened — do not run it alongside another strategy on the same account.
• Averaging in grows the exposure with every leg; size the lots and the stop loss against your capital.
• Always test on a demo account, through every condition you expect, before going live.