Control Adora is a utility that can be found on the MQL5 marketplace, we have added a link to it below. The utility was uploaded by Sergio D. Rocha on the 14th of May 2014 and has had a few different updates, the most recent update was on the 26th of August 2015, this brought the software up to version 4.9.
Control Adora is a control panel that has been designed for the MetaTrader 4 trading platform in the form of an expert advisor. The control panel gives you a lot of options on how you are able to control your trading.
Some of its functions:
- Close trades when they cross a trend line.
- Take profits when the price reaches the top of a channel.
- Calculate loss percentages when opening a trade.
- Divide a trade into multiple entries.
- Activate stop closes.
- Open buttons with buy and sell buttons.
- Calculate the risk and profit of a trading signal.
- Manage own trades and also any existing trades on the platform.
- And more.
So there are a lot of things that the control panel can do, it also has a number of settings that can alter the way it works to better suit your own needs and strategies. These include things like colors, button functionality, price distances, maximum, minimus, and many more.
The Control Adora utility can be purchased for $65, this will give you unlimited access to it. Many pieces of software on the MQL5 marketplace offer the option to rent it for a shorter period of time, Control Adora, unfortunately, does not offer this option. There is a free version available, this will come with some limitations but we are currently not sure what the limitations are.
There are 7 reviews available for Control Adora and they are giving it an overall rating off 4.5 out of 5 which is a very good score to have.
“This tool is very dangerous. Open looped operations up to the account limit. At first, it seemed like a problem with my Renko charts (offline chart), but now a simple M5 chart has passed me again. I will not use it anymore because it does not give me confidence. Luckily, the tests were in the demo.” – A 1-star review, Google translated from Spanish.
“Excellent tool that greatly helps the trader to manage all their operations. Congratulations.“ – A 5-star review
“Fantastic tool that helps you in the placement and management of the position. It has a lot of variables to operate according to the particular way of each trader. It is made by a professional trader, therefore it collects everything you need, and if not he solves it for you. Very accessible and efficient colleague. Thanks for everything Sergio“ – A 5-star review, Google translated from Spanish.
So there is a mix of good and bad reviews, the majority are all very positive. There are also a number of comments, the creator seems to be replying to them in a prompt manner, although they were from a while ago. Even though the majority of the reviews are very positive, we would highly recommend that you download and test out the free version to enable you to make sure that it works for you and that you are able to get it set up correctly.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/4158