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Advanced Tools MT4 - A set of 28 tools from Tickmill
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Advanced Tools MT4 - A set of 28 tools from Tickmill

created Forex ClubJuly 2 2021

Advanced Tools is a set of tools for the MetaTrader 4 platform. It is a total of 28 add-ons (15 indicators and 13 applications) that will improve your trading and increase analytical capabilities (and more!).

What's included in Advanced Tools MT4

Below we present the most important tools included in the kit. Access to them is completely free, although only within accounts in Tickmill (both Live and Demo). The full package with detailed instructions for each tool is available for download after logging in to Customer Panel.

Alarm Manager

Now nothing will escape your attention. The application allows you to set an alarm or send a notification about almost any event / action that happens on the account, chart, market. We can define alarms for the value of the price of a given instrument, activity on the trading account, events from the economic calendar or signals based on popular technical indicators.

Tickmill - Alarm Manager

Tickmill - Alarm Manager

Correlation Matrix

With this tool, we will investigate correlation in the market of major currency pairs. The correlation coefficient can be calculated based on the selected number of candles (25-1000) and any timeframe (M1-W1).

Tickmill - Correlation Matrix

Tickmill - Correlation Matrix

Correlation Trader

We will clearly compare the two instruments and examine the correlation. We can also conclude transactions from the same window. The script does not stick to the chart, so we can have a preview even with the minimized platform window.

Tickmill - Correlation Trader

Tickmill - Correlation Trader

Excel-RTD

Tickmill - Excel RTD

Tickmill - Excel RTD

A bridge between MetaTrader 4 and an Excel spreadsheet. Using simple formulas, it is possible to enter account balance data, tickets and prices in real time in the sheet.

Market Manager

A simple tool that is an extensive Market Watch module, enriched with information about the account balance and open positions.

Tickmill - Market Manager

Tickmill - Market Manager

Mini Terminal

Mini application only by name. Although it looks inconspicuous when placed on the chart, it reveals its full potential when maximized. From one panel, we can control everything that has so far been available in MT4 from the level of several modules: chart settings, account status view, opening and control of transactions, position size calculator, market sentiment. We can also set pending orders with one click.

Tickmill - Mini Terminal

Tickmill - Mini Terminal

Sentiment Trader

Real-time analysis of data on market sentiment and the distribution of long and short positions is an additional filter when opening positions on a given instrument. With this application we will do it in one window.

Tickmill - Sentiment Trader

Tickmill - Sentiment Trader

Session Map

Tickmill - Session Map

Tickmill - Session Map

A small widget in the form of a world map showing the current market session with upcoming events.

Stealth Orders

With the help of this tool, we will define a pending order (including TP and SL), without placing them in the order sheet and on the chart. The order will be activated when the requested price is reached.

Tickmill - Stealth Orders

Tickmill - Stealth Orders

Tick ​​Chart Trader

Opening a trade straight from the tick chart? You're welcome. You no longer need to switch to a small window in Market Watch, you can view this window anywhere on your computer desktop.

Tickmill - Tick Chart Trader

Tickmill - Tick Chart Trader

Trade Terminal

An extensive transaction terminal that activates in the chart tab. It allows you to squeeze data and functions from MT4, which are often only available after using additional scripts.

Tickmill - Trade Terminal

Tickmill - Trade Terminal

The package also includes a lot of other small, but very useful scripts to be placed on the chart as indicators: Pivot, Renko, Symbol Info, Order History, Gravity, Bar Changer. It is especially worth paying attention to Magnifier - a magnifying glass that displays candles in a small window in one timeframe level lower than the one currently selected on the main chart. Brilliant in its simplicity.

Tickmill - Indicator Pack

Tickmill - Indicator Pack

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About the Author
Forex Club
Forex Club is one of the largest and oldest Polish investment portals - forex and trading tools. It is an original project launched in 2008 and a recognizable brand focused on the currency market.