FX Unlimited Trade Manager
- Utilities
- Forex Unlimited
- Version: 1.0
- Activations: 5
The Forex Unlimited Position Manager.
The ultimate One-Click Trade Manager. Draw in your entry or stop-loss and let the tool do the calculations. No more back-and-forth switching between tabs and calculators, and always manage your risk consistently with the help of the Forex Unlimited Position Manager.
Advanced Partial Management, Automatic Risk-Calculation, One-Click Entries and pre-coded HotKeys are all included in the package.
The way it works:
Section 1: Choose type of order, such as limits, stop or market orders (left). Next, choose your desired method of risk, which is valued over your balance.
Section 2: Choose to add extra conditions before taking entries.
Add options such as ‘Factor Spread’, ‘Enable HotKeys’ and/or ‘Cancel pending order at stop-loss’.
Section 3: Choose input for risk. This section is linked to section 1, where you choose your desired method of risk. Depending on your choice in section 1, the Position Manager will use the input of section 3 for automatic calculation.
Section 4: All inputs for managing partials are found here. In the list on the left, you can input a price to set a partial. On the right you enter a percentage of how much you would like to close from the open position. Currently our tool offers to set 5 partials. Make sure to turn on the partials button!
The row which has the button ‘Auto BE’ on the right, is where you input a desired price to automatically have your stop-loss set to entry price.
The bottom buttons in section 4 allow you to close 25%, 50%, 75% or 100% of your open positions, or set them to Break-Even.
*Side Notes:
For the Forex Unlimited Position Manager to work properly for MetaTrader 4, it’s important to turn on ‘Allow Live Trading’ and ‘Allow DLL Imports’ when starting it up for the first time on your chart (this should be under ‘Common’).
Under ‘Inputs’ there’s some features you can change yourself to optimize your trading even further! You can change the HotKeys, include spread, change the colors of the lines and even use the built-in Rogue Stop-Loss, which hides your stop-loss from your broker.
The final thing before it’s set-to-go, is to turn on ‘AutoTrading’ in the top-menu from MetaTrader 4.
