Trade Assistant EA V10.18 MT4 1430+ Review

More about Trade Assistant EA

The Trade Assistant EA is an Expert Advisor and trading panel designed mainly for manual Forex trading. During my testing, I found that it works with the MetaTrader 4 (MT4) platform and provides several useful tools for managing trades directly from the chart.

One of the features I found useful is the risk calculation function, which can help traders determine their position size based on their chosen risk level. The panel also includes position management tools, including Trailing Stop functions and options for closing positions partially.

Trade Assistant EA comes with several main functions, including:

• Risk management
• Position and order management
• Trailing Stop functions
• Partial position closing
• Graphical trading panel functions

For me, the main purpose of this tool is not fully automated trading. Instead, it provides a convenient panel for traders who prefer to open and manage their trades manually while having risk and position management tools available from the MT4 chart.

My Backtest Results

Mql5 Link 

Trade Assistant EA Settings & Features

During my testing, I went through the main settings and features available in the Trade Assistant EA. The tool is designed for manual trading on MetaTrader 4 and provides several position and risk management functions.

Here are the main settings and features I found:

Trade Assistant EA – Main Functions

While testing the Trade Assistant EA, I found that it works mainly as a manual trading panel for MetaTrader 4. Instead of being focused on fully automated trading, the tool provides several functions that can help with trade execution, risk calculation, and position management.

Here are the main functions I noticed during my testing:

Risk Management

One feature I paid attention to during my test was the risk management function. The panel can calculate the required trading volume based on the risk level selected by the trader and the distance of the Stop Loss.

This can be useful for traders who want to keep their position size consistent instead of manually calculating the lot size for every trade.

Position and Order Management

The EA also provides tools for managing open positions and orders. From the panel, traders can manage their trades and work with different order-management functions without relying entirely on the standard MT4 interface.

Trade Time Manager

The Trade Time Manager is another useful function. It allows traders to set specific times for opening or closing trades. This can be helpful when a trader wants to control when a position should become active or when an existing position should be closed.

Trailing Stop Options

Trade Assistant EA includes seven different trailing Stop Loss control options. These include:

• Points
• Fractals
• Moving Average (MA)
• Parabolic SAR
• ATR
• Partial Close
• High/Low Bar

Having several trailing methods gives the trader more flexibility when managing an open position.

Chart Lines and Position Display

The panel can also display important trading levels directly on the MT4 chart, including the entry/opening price, Stop Loss, and Take Profit.

I found this useful because the important trade levels can be viewed directly on the chart instead of checking each value separately. The position and order display also provides additional information about current trades and orders.

Overall, Trade Assistant EA is more focused on manual trade execution and position management than fully automated trading. Its main advantage is having risk calculation, order management, and several Stop Loss management options available through one trading panel.

Who Can Use Trade Assistant EA?

Based on my testing, I would say the Trade Assistant EA is more suitable for traders who prefer to make their own trading decisions and want additional tools for managing their positions on MT4.

Who Can Use It?

This EA may be suitable for:

• Manual Forex traders who open and close trades themselves.
• Traders who want help with risk and lot-size calculations.
• Traders who regularly use Stop Loss and Take Profit levels.
• Traders who want multiple Trailing Stop options for managing open positions.
• Traders who trade major currency pairs and want a graphical panel for easier position and order management.
• Experienced MT4 users who understand how to manage trades and calculate trading risk.

Who Should Avoid It?

I would not recommend this tool for:

• Complete beginners who do not understand Forex trading or risk management.
• Traders looking for a fully automated EA that independently finds trades and executes a complete trading strategy.
• Traders expecting the EA to generate guaranteed profits.
• Users who do not understand how Stop Loss, lot size, leverage, and drawdown work.
• Traders who prefer a simple set-and-forget automated trading system.

My Personal Opinion

After testing Trade Assistant EA, I personally would not recommend it as a standalone trading EA for beginners. The main reason is that it is primarily a manual trading assistant, rather than a fully automated strategy that makes trading decisions for you.

If you already have your own Forex trading strategy and understand risk management, the panel may be useful for managing your trades. However, if you are looking for an EA that automatically analyzes the market and opens trades without manual decisions, this is probably not the right tool for you.

As always, I would suggest testing any trading tool on a demo account first and understanding the risks before using real money.

Why Should You Use a Trade Assistant EA?

After testing the Trade Assistant EA, I found that its main purpose is to make manual trade management easier rather than automatically finding and executing trades.

Here are some of the reasons a manual trader might consider using it:

• Easy risk calculation: The panel can calculate the required trading volume based on your selected risk and Stop Loss distance.
• Better position management: You can manage open positions and pending orders from the trading panel.
• Multiple Trailing Stop options: It provides several methods for managing Stop Losses, including Points, Fractals, Moving Average, Parabolic SAR, ATR, Partial Close, and High/Low Bar.
• Quick trade management: Important functions are available from the graphical panel, which can make manual trade management faster.
• Clear chart information: Entry, Stop Loss, and Take Profit levels can be displayed directly on the chart.
• Trade time management: You can set specific times for opening or closing trades.
• Useful for strategy-based traders: If you already have your own trading strategy, the panel can provide additional tools for executing and managing your trades.

My View

For me, the biggest reason to use Trade Assistant EA would be convenient manual trade management. It brings risk calculation, position management, and different Stop Loss tools into one MT4 panel.

However, I would not use it expecting the EA to generate profits automatically. It does not replace a proper trading strategy or risk-management plan. If you prefer fully automated Forex trading, this may not be the right type of EA for you.

Download Trade Assistant EA Free with Our Membership Plans

If you want to get the Trade Assistant EA without purchasing it separately, you can download it through our membership plans. We currently offer Bronze, Silver, and Gold membership plans, with different access options.

After joining a suitable membership plan, members can access the available EA downloads included with their plan.

Membership Plans

• Bronze Plan – Suitable for users who want basic membership access.
• Silver Plan – Provides broader access to available EA tools.
• Gold Plan – Designed for users who want the highest level of access to the available EA collection.

Choose the membership plan that best matches your needs and check the included benefits before downloading the Trade Assistant EA V10.18 MT4.

Trade Assistant EA V10.18 MT4 – My Final Verdict

After testing the Trade Assistant EA V10.18 MT4, my overall impression is that this is more of a manual trading assistant and management panel than a fully automated Forex EA.

During my test, I used it on EURUSD and GBPUSD with the M15 timeframe and a $200 balance. The features I found most useful were the risk calculation, position and order management, multiple Trailing Stop options, and the ability to display important trade levels directly on the chart.

However, I would not recommend this EA to beginners who are looking for a system that automatically analyzes the market and opens profitable trades for them. You still need your own trading strategy and a good understanding of Forex risk management.

For experienced manual traders, the panel can be useful because it brings several trade-management functions together in one place. But personally, I would treat it as a trade-management tool rather than a complete automated trading system.

If you decide to test Trade Assistant EA V10.18, I recommend starting with a demo account and testing your own strategy before using real money. Forex trading involves significant risk, so proper position sizing and risk management are important regardless of which trading tool you use.