Magic Terminal. Have the Long/Short Position Tool Automatically hover on top off Current price as Price goes up/down.

I made another post about the Magic Terminal, and a future that lets you have Long/Short

position tool”s SL, Entry, TP and Risk %. Sent to the Magic Terminal Trade Panel.

So the user can only put the Long/short positions Tool”s Stop-loss. where he wants. And click Buy/sell. Then the Order is placed.

However, this is an addition to add.

I am personally using the MT5 Trade Assistant EA, for all my Trade Execution and Management. This tool, has a built-in function.

Where the Long/Short position Tool is standing on Top off Current Price.
So as Price goes up or down. it also moves up or Down.
So then the user only has

to drag the SL down to a Low, and click Buy.

The SL, TP, Entry and Risk% is already factored in, in the Long/Short Position tools Settings, and that information is sent to the Trade Panel. Where the automatic Lotsize Calculation is instantly calculating the correct lotsize, based on % Risk and the amount of Pips in SL.

So the User only have to Write % Risk, and Drag the SL where he wants. And Click Buy/Sell.
So if the Magic Terminal had this function,where it is able to sit on top off the current price. And as mentioned in the other post.

Then the user can market Exectute every trade with ease, knowing the SL is where he wants, and the Risk% % per trade is 100% Correct, adjusted for amount of pips in SL and Risk % per trade.
This will make it 10 times faster and easier to execute trades, and get in on a Market Execution trade at a very good Entry area.

I have a video below, demonstrating exactly how this would look like.

- Notice how the Long/Short position Tool is moving on top of price.

• Price moves up or down, it moves up and down.

• And notice when I click on the “L” button. This button allows me to Freze the Stop-loss where it place it.

• So the Entry is moving up/down as price moves up or down.
  
  And I freeze the SL, so the SL is fixed to exactly where I place it.
  Meanwhile, the Automatic Lotsize Calculator is adjust the lotsize, to be correct according to the % Risk I want, and the amount of Pips in SL.

If the Magic Terminal would be able to have similar innovative functionalities like this tool has. Then both the Pending Orders and Market Exection order when placing Trades, the speed of which to execute trades will be close to instant.

Allowing for instant Precession Entries, with correct lotsize adjusted for Risk % and amount of Pips in SL.

https://www.mql5.com/en/market/product/23415?source=Site+Market+Main+Rating006