Using a Manual Checklist to Review Trade Rules

Summary

This note describes a MetaTrader 5 chart indicator for reviewing a trader’s rules before opening a position. The trader defines checklist items and manually marks whether each condition is satisfied. The tool is intended to make a personal trading process visible at decision time; it does not generate signals or enforce rules automatically.

The listed settings let a user place the checklist window, assign a distinct tag to each instance on a chart, and configure up to twenty checks. The document gives no example checklist, trading method, performance evidence, or risk analysis. Its practical value depends on the quality and clarity of the user’s own rules, and manual marking leaves room for missed checks or inconsistent judgment. It is best understood as a process aid for discretionary execution rather than an automated strategy.

Key ideas

• The indicator displays a user-defined checklist before a trade is opened.\nA trader must manually decide whether each rule is satisfied.\nUp to twenty checks can be configured for an instance.\nDifferent instances on one chart need distinct tags.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.