Tickmill offers the most comprehensive list of trading tools for beginners and advanced traders, learn all of them in this article。

Tickmill is one of the world's most trusted brokers and is known for offering a range of trading services for novice traders and experts alike.。The broker currently serves clients worldwide and continues to offer innovative products using the latest technology.。In addition to currency pairs, Tickmill offers many other tools such as commodities, indices and bonds。In addition to this, there are a large number of unique trading tools designed to help traders make better trading decisions.。

One feature you can look forward to when trading with Tickmill is the Advanced Trading Toolkit, which consists of 13 separate applications and a total of 15 indicators。You can take your performance to the next level by simply adding them to your MT4 or MT5 trading platform。With such a wide range of trading tools, you will undoubtedly gain in-depth insight into the market while interacting with the vast online trader community。

In this article, we will divide all tools into 5 categories according to their functions to explore all tools。You can refer to this guide to get a deeper understanding of each option and find out which options may be of great help to your trading routine。

1.Tools for managing transactions

This tool category is primarily concerned with how to manage trading positions and easily modify orders when such needs arise:

Trading Terminal

Tickmill's trading terminal consists of a variety of advanced trade execution and analysis tools, you can easily add them to your MT4 / MT5 trading platform。The tool basically has 5 parts, namely an account summary, a list of open trades / orders, a list of market categories, and two separate market lists。Each of them can be expanded or contracted according to your needs, and the software will remember your settings the next time it runs again。

The middle section is the central trading panel, which displays the information of each market in the form of a grid or a trading order, click on the market to view all the details or manage your trading。You can open, close, reverse or hedge positions directly from the grid。In addition, the central panel displays other information such as the day's highs and lows, current prices, and your active positions。

At the top, you can see the account summary with all the information about your account, including current balance, available margin, etc.。You can also set up notifications for various risk management purposes, with a quick access panel on the right showing the markets you frequently trade。At the same time, there is a market category section on the left, where you can track your selected market and view the watch list。

Mini Terminal

Mini Terminal is a multifunctional application designed to increase the efficiency of your transactions。It is basically similar to a trading terminal, but simpler and more practical because it only focuses on specific trading charts。You can open as many mini terminals as you need, and what you do on one chart will not affect your other transactions, so you can easily manage multiple transactions at the same time。

In addition, the tool also provides a one-click market order function, allowing you to easily open positions, modify and close positions。You can also open a pending order directly from the chart and use the template in just a few steps。If you need help, you can use a trading calculator, which can calculate the appropriate lot for the transaction by entering the number of points and the amount of risk you are willing to take。

Another function is the order ladder, which is displayed on the right side of the screen, you can open the market or pending orders in a few steps。Click once to confirm the entry point, then click again to set stop loss, click again to set take profit。

2.Tools to stay alert to market updates

Keeping up with market updates is essential as the Forex market is always changing。Tickmill offers these tools to keep you alert to market updates:

Notification Manager

As the name suggests, the notification manager is a trading assistant that can notify you of important events or market movements, and can automatically send you notifications via email, Twitter or SMS。You can set up multiple notifications for different purposes。For ease of organization, notifications can be grouped and actions attached。Each notification can perform multiple actions at the same time, such as opening a trade, displaying a pop-up message, and sending a notification email。

Excel-RTD

The tool allows you to extract market data from MT4 to Excel with simple formulas。The data on Excel will be synchronized with the trading platform, so the numbers on the chart will change in real time。To use this tool, simply open the software and enter your account number to connect Excel to MT4。In addition, the tool also allows you to place orders directly from Excel to save time。

3.Tools for capturing market data

You can schedule your own news feed and economic calendar while accessing a wealth of educational materials to improve your trading in Ticmill。

Sentiment Trader

Sentiment Trader provides real-time long and short position sentiment of the market and historical sentiment of various instruments in the market based on actual trading. It can give you an in-depth understanding of what has happened and what real currency traders have done at any given time。

The data basically shows the percentage of traders who currently have a buy / sell position in the market.。You can customize data visuals and change the time range of historical data, and you can also choose to display data in the form of price candle charts, line charts, and emotions。Finally, you can open and close orders without leaving the app。

Session Map

Session Map shows a convenient overview of the world's major markets, price movements per session, your account status and future announcements that may affect your trading。Displays by default the current local time for each market session within a trading day。You can hover the cursor over each session to see information such as how long before the session was opened or closed。In addition to this, the data is color-coded according to profit or loss。

4.Tools to improve trading performance

Tickmill offers this category especially to traders who are experienced but need useful features to support their strategies and further improve profitability。

Marketing Manager

Market Manager is a tool that displays the trade watch list and all order activity for your account in a separate window。It enables you to manage your trading account, take immediate trading action and get more information about the various markets.。You can place and resize windows anywhere on your desktop to track multiple markets in one place。

correlation matrix

The correlation matrix is displayed in the form of a grid, where each cell contains a mathematical value indicating the correlation between two different markets。Tickmill provides this tool to help traders identify markets with strong or weak correlations so that they can assess the risk of trading in one market or another.。The correlation value can be positive or negative; a positive value indicates that the two markets are more likely to move in the same direction, while a negative value indicates that the two markets tend to move in opposite directions。

All grids are color-coded to help you find the best combination of trading markets, red and orange indicate strong correlation, blue and green indicate weak correlation。In general, traders will avoid trading a market with strong correlations because it is less profitable。So instead of making one big deal, make two smaller and unrelated deals。

Correlation Trader

The tool allows you to compare two trading instruments and identify correlations, regardless of their strength。It can help you understand the relationship between two sets of prices and use that information to make better decisions。You can easily change the time frame and the market you want to observe, and you can also open and close trades directly from the app。

5.Advanced Trading Tools

Want to experience better functionality?？Try this tool developed specifically for professional traders。

Tick Trader

Tick Trader displays various forms of quote data to quickly enter orders with a single click。You can instantly open trades and close orders in real time from any Tickmill platform without opening a separate app。In addition to this, you can pause the chart and convert the entire quote data of the traded instrument to.Download to your computer as a CSV file。

Invisible Order

The tool allows you to hide pending orders from other market participants and open orders when the price reaches a certain predetermined level. It can also set invisible stops and take profits。Basically, the tool will wait for the price to reach a certain value before placing an order。After the transaction is opened, you can set the incognito exit。If you want, you can also close all trades for each market code and take all profits immediately。

However, keep in mind that this tool can present some significant risks。First, it may trigger more slippage, which may be positive or negative for your trading。Secondly, please note that unlike pending orders that will be processed even when you are away, invisible orders will only be triggered when the platform is running。In order to avoid losses, it is recommended to set a real stop loss, double protection。

Indicator combination

This tool allows you to apply various indicators to the chart, such as pivot points, brick charts, chart grouping, highs and lows, order history, candle countdown, and hand drawing on the chart. You can freely use one or more indicators as needed。

Conclusion

Tickmill offers one of the most comprehensive trading toolsets in the forex industry, such a wide range of tools that will improve your trading and take it to the next level。The key is to fully understand the functions of each tool and only use the tools you really need for trading。Also, don't forget to consider the risks before taking any critical action。

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Tickmill It is Tickmill Ltd.The company provides trading services through quality products and innovative technologies.。Superior trading conditions, ultra-fast execution, security of client funds and dedicated support are at the forefront of the services it offers。