Exit Manager
- Utilitys
- Victor Christiaanse
- Version: 1.3
- Aktualisiert: 18 September 2021
- Aktivierungen: 5
This Exit Manager will manage your orders to ensure you close the orders at the right moment. After you placed an order, the Exit Manager will close the trade based on YOUR conditions. It will also be able to trail your stoploss to reduce risk.
The features of this tool enables you to Set & Forget the trade. Place the trade, and the Exit Manager will continuously keep an eye on the trade and close it when the conditions are met.
The orders will be monitored and closed based on different conditions. You can specify which conditions you want to enable, and configure the settings for each. The following conditions are available:
- Close at Cross of MACD Main and Signal line
- Close at Cross of two Moving Averages
- Close when RSI reached the Overbought / Oversold Level
- Close when Stochastic Cross happened in Overbought / Oversold Level
- Close when price touched a Moving Average
- Close when price crossed a Moving Average
This Exit Manager is the perfect tool for users that don't have time to keep monitoring the trades that have been placed, and still can exit and close your trades based on your strategy. The Exit Manager is a fully automated trade management tool that take care of your trades.
It detects your manually opened trades immediately and manage them automatically.
The Exit Manager is even able to detect and manage orders which are opened by an Expert Advisor. Just specify the applicable EA Magic Number, and the Exit Manager will monitor your trades and close the orders based on the conditions you have enabled.
Features
- Automated detection of new orders place manually or by a EA
- Instant managing of new orders place manually or by a EA
- Automated trailing stops
- Many conditions available to specify when to exit and close your trades
- Each condition is fully configurable
- Time frame can be specified for each condition seperately
- Each condition can be turned on or off
- Works on all trading symbols like Forex, Crypto, Indices, Commodities, etc.
Parameters:
General settings- Magic number: set to ' -1' to monitor all trades, '0' will monitor manual trades only, or enter the EA Magic Number to monitor the trades for a specific EA
- Max slipage at closing
Moving Average settings
- Close with MA cross: If True, order will be closed if MA Cross occur
- Fast MA Period
- Slow MA Period
- Time Frame for MA: Specify what time frame you want to use for the MA's
- Moving Average Method for Fast MA
- Moving Average Method for Slow MA
- Moving Average Price for Fast MA
- Moving Average Price for Slow MA
- Close when price touched Fast MA: If set to True, it will close the trade when price has touched the fast MA
- Close when price touched Slow MA: If set to True, it will close the trade when price has touched the slow MA
- Close when price crossed Fast MA: If set to True, it will close the trade when price crossed the fast MA
- Close when price crossed Slow MA: If set to True, it will close the trade when price crossed the slow MA
MACD settings
- Close with MACD Main/Signal cross: If True, order will be closed if MACD Cross occur
- Time Frame for MACD: Specify what time frame you want to use for the MACD indicator
- MACD Fast EMA averaging period
- MACD Slow EMA averaging period
- MACD signal period
RSI settings
- Close with RSI: If True, order will be closed if RSI enters Overbought / Oversold level
- Time Frame for RSI: Specify what time frame you want to use for the RSI indicator
- RSI Indicator Period
- RSI Overbought Level
- RSI Oversold Level
Stochastic settings
- Close with Stochastic: If True, order will be closed if Stochastic cross happens at Overbought / Oversold level
- Time Frame for Stochastic: Specify what time frame you want to use for the Stochastic indicator
- Stochastic K Period
- Stochastic D Period
- Stochastic Slowing
- Stochastic Overbought Level
- Stochastic Oversold Level
Trailing settings
- Enable Trailing: If True, the orders stoploss will be trailed
- Number of pips to set to trail SL: This is the trailing distance between stoploss and price in pips
- Trial SL with this steps in pips: This is the trailing step that will update the stoploss for each step
Great exit EA. Creator responds quickly. The combination of multiple indicators is great. There are many combinations of how to use this EA. I have not found any similar EA exit on the market. I definitely recommend