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Exit Manager

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
Close percentage of order can be set for each condition (in %, default is 100 = close 100% of the order)
Time frame can be specified for each condition separately
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 slippage 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
                Bewertungen 2
                H M
                81
                H M 2022.09.28 11:17 
                 

                Beginners focus on the "right time" to enter a trade. Advanced traders focus on the right time to exit a trade. This exit manager will take your trading to a new level. Keep in mind that there is no other EA out there that can do what this EA does. It is easy to use, but the impact is huuuuge. Thanks Victor!

                Nicolas Dobrovsky
                619
                Nicolas Dobrovsky 2021.08.11 12:12 
                 

                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

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                H M
                81
                H M 2022.09.28 11:17 
                 

                Beginners focus on the "right time" to enter a trade. Advanced traders focus on the right time to exit a trade. This exit manager will take your trading to a new level. Keep in mind that there is no other EA out there that can do what this EA does. It is easy to use, but the impact is huuuuge. Thanks Victor!

                Victor Christiaanse
                7562
                Antwort vom Entwickler Victor Christiaanse 2022.09.28 13:57
                Many thanks for your review, much appreciated! You are spot on! Very true and exactly why I build the Exit Manager! Many traders close trades way too early.
                Nicolas Dobrovsky
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                Nicolas Dobrovsky 2021.08.11 12:12 
                 

                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

                Victor Christiaanse
                7562
                Antwort vom Entwickler Victor Christiaanse 2021.08.11 16:53
                Thank you for your review. Glad to hear it helps you in your trading!
                Antwort auf eine Rezension
                Version 1.12 2022.10.24
                Small bug fix
                Version 1.11 2022.10.23
                Bug fix and code performance
                Version 1.10 2022.10.16
                Small bug fix
                Version 1.9 2022.10.16
                Added the possibility for partial closing of your trades for all Closing Signals available within the Exit Manager (including all Moving Average related Closing Signals)
                Version 1.8 2022.10.05
                Small bug fix
                Version 1.7 2022.10.05
                Added the option to close MA related closing signals at new bar only.
                Version 1.6 2022.10.03
                Resolved bug fix
                Version 1.5 2022.08.24
                New feature added: Ability to specify percentage of order that will be closed for each condition. Default is 100, which means 100% of the order will be closed if the condition is met.
                Version 1.4 2022.07.04
                Option added to add a Stoploss if Stoploss is empty.
                Version 1.3 2021.09.18
                Added the RSI Applied Price to the settings, so it gives more flexibility to configure to personal preference.
                Version 1.2 2021.07.31
                Small bug fix
                Version 1.1 2021.03.10
                Small bug fix