How can you benefit from Pepperstone's Smart Trader tools?

To enrich your trading experience, Pepperstone offers a series of powerful tools called Smart Trader Tools for MetaTrader 4 and MetaTrader 5.

Pepperstone's Smart Trader Tools contains no less than 29 Expert Advisor (EA) tools and indicators ranging from sophisticated alarms to trading terminals that could help you take your trades to the next level. These tools are extremely easy to download and integrated with the popular MetaTrader interface, making them an attractive choice for virtually every type of trader in the market.

Here are some of the best Expert Advisor type tools that you can use in the Smart Trader Tools package:

Trade Terminal

This tool displays all your account activity and lets you manage it from one place. Trade Terminal consists of several useful functions:

   Account Summary, which displays key information about your account, such as balance, equity, number of active positions, etc. From there, you can easily set alarms at the desired price. You will be notified either on your MT4/MT5 trading platform or by email.
   Order List, which shows you all open positions and pending orders on your account and allows you to modify these orders. You can also place automated orders to save time when managing multiple accounts.
   List of market categories, which displays all market categories available on the platform. By clicking on a category, you modify the content of the central trading panel.
   Central trading panel, which displays either a market category or a watchlist. You can easily switch from grid mode to order book mode.
   Quick access trading panel, which allows you to access the trading panel with just a few clicks.

mini-terminal

As its name suggests, this tool is actually the miniature version of the Trade Terminal. It allows you to place different types of orders, such as buy/sell market orders, pending orders and OCO orders. You can even open pending orders directly from the chart, which certainly comes in handy to ensure your entry is accurate.

You can also use the tool to edit and close active orders instantly. Additionally, the tool has a calculator that can calculate how much you are risking on a single trade and automatically set take profits and stop losses each time you place a trade.

Correlation Matrix

The correlation matrix is a great help in determining the correlation between different symbols in the market. It is displayed virtually with different colors and contrasting charts, and you can even decide the period and number of historical bars according to your needs with this tool from Pepperstone.

Session map

This tool allows you to see in real time what session you are trading in, what session is coming up and what key market events you need to know about. It basically shows you what's happening in the market so you can place trades accordingly or stay out of the market to avoid high volatility.

Trading simulator

This is another great tool offered by Pepperstone. It allows you to test your strategies using past historical data.

Order history

Order history shows all your past trades on a chart, with exact entry and exit prices and time. Additionally, you can also see the bands that indicate when you entered or exited the market.

Pivot points

The Pivot Points tool displays the classic pivot point calculation based on price history. It is a predictive tool, which therefore indicates potential points for the next day or week, which could be useful to position oneself for the period to come. You can use this Pepperstone tool on any time frame and even set alerts when the current price crosses support and resistance lines.

How do I get Pepperstone's Smart Trader Tools?

  1. Create an online trading account and log in.
  2. Find the download link on the website and download the package.
  3. Once downloaded, extract the files and apply them to your MetaTrader 4 or MetaTrader 5 platform.
  4. Close and reopen your trading platform.
  5. Click on "View" in the navigation window and you will see all the tools available and ready to use.
  6. All you have to do is drag and drop the tool you want to use onto the chart.