• Overview
  • Reviews (4)
  • Comments (2)

TradeManagerPro

With this EA, you can efficiently control the most important part of trading - risk and money management.

It calculates the perfect lot size for your orders depending on the defined stop loss and sets the take profit at a defined Reward:Risk level.

The stop loss and take profit levels can be set easily with a line on a chart.


Why Is Reward:Risk So Important?

The only way to make profit in trading is to gain more than you lose. There are only two parameters which define it:

  • Hit Ratio
  • Reward:Risk

Both parameters depend on each other.

There is a simple formula to calculate your required Hit Ratio with a predefined R:R:

Hit Ratio = 1/(Reward:Risk + 1)

Example: Reward:Risk = 2:1 -> Hit Ratio = 1/3 = 33% -> You need to win only more than 33% of your trades to make profits.

That is how trading works. It is a simple Math.


General

  • Works for every instrument (Forex, indices, commodities, etc.)
  • Works for 4 and 5-digit brokers
  • Works for MetaTrader 4
  • Steal Mode for a stop loss and take profit -> a broker cannot see it -> no stop fishing possible


Functionality

  • Market order: 2 lines appear on a chart (blue, red)
  • Pending order: 3 lines appear on a chart (blue, red, yellow)


Panel

  • Order type: market or pending
  • Comission settings: comission per lot
  • Risk management: define how much you want to lose, whether in % of balance/equity or a fixed value, e.g. 45 dollars
  • Profit management:
    • Line -> you can set a take profit with a line on a chart
    • Reward:Risk -> e.g., if your stop loss is worth 45 dollars and your Reward:Risk is set to 2, your take profit will automatically set to 90 dollars
  • Trailing management:
    • Breakeven -> e.g., breakeven is set to 1:1 -> your stop loss will be moved to breakeven if your trade is in profit of 1 R
    • Trailing start
    • Trailing step
  • Trade information
    • Calculated lot size
    • Swap
    • Margin requirement for a trade
    • Spread


Input Parameters

Trade Setup

  • Slippage in Points -> when a slippage is bigger, the trade is not executed

Lines Color Setup

  • Color of Line for Sell StopLoss
  • Color of Line for Buy StopLoss
  • Color of Line for Send Pending Order

Panel Setup

  • Font Color
  • Background color
  • Select Color
  • Unselect Color
  • Scrool Bar's Border Color
  • Scrool Bar Color
  • Scrool Bar's Bottom Color
Reviews 4
Demian1982
119
Demian1982 2019.05.20 10:42 
 

Deletes objects when changing timeframes, so using an extra chartwindow for trademanagment could be requiered. But: it's free! That for is own is very cool! Thank you very much!!!

Victor Manuel Valderrama Zamora
5896
Victor Manuel Valderrama Zamora 2019.03.09 06:53 
 

Very good and useful EA

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Big offer: only for 3 days ( till 21 /09/2021 ) price  at  159$ Monitoring HERE If you have bought ANY of my Products then you are ELIGIBLE TO JOIN the Private group !!! TELEGRAM group: send me message to add you to our community PRIVATE GROUP(unfortunately there are a lot of scammers to public ones...) Torpedo Gold is my new NEURAL network project using advanced parameters for finding entries such as distances,Candle sizes,candles formations,break outs in an advanced way etc.
159 USD
TripleHHH
TripleHHH
INREXEA LIMITED
TripleH Price up : Due to coming version will be connected to my database . Price will be going up. Last 10 copies for this price , next price will be 2100 USD . Target back to 3888 . BackTest which can not see the full functions which all pairs are communicating among each others . Please watch signals : SignalMinitor   ::  Do not waste your time on Backtest New setup   Will soon upgrade to a non MQL version which connect to my database to get real data for users whom purchase from here on
1 682 USD
Adaptive Trend Hunter
Adaptive Trend Hunter
Andrii Holiev
Adaptive Trend Hunter Adaptive Trend Hunter is a professional fully automated Expert Advisor adapted for trading the most popular EURUSD currency pair on the H1 timeframe. It uses its own algorithms for recognizing stable trends, which are determined by 5 proprietary trend indicators, that you will not find on sale. The Adaptive Trend Hunter Expert Advisor is an intelligently advanced automated trading tool. The Expert Advisor is notable for its self-renewing algorithm when trading conditions
2 000 USD
Market Reversal Alerts EA
Market Reversal Alerts EA
LEE SAMSON
The Market Reversal EA is powered by the indicator of the same name ( available here ) and trades based on market structure shifts. The EA will by default take a trade every time a market reversal alert is sent by the indicator and will trade those alerts based on the conditions and filters you set in the EA settings. It draws support rectangles as price moves in it's current trend direction and trades when price reverses sharply and signals a market structure shift or a re-test of the reversal.
199 USD
Xion
Xion
Aliia Aleshkina
There are 10 copies of the advisor left at the price of $ 149, the next price is $ 199 Hurry up to buy while the price is low enough! Xion       is a trading system based on the property of the market to correct itself at strong support / resistance levels. Two separate neural networks are used to generate a signal to open trades. The first neural network generates a signal, and the second analyzes the results of the first one and issues a confirmation to open a deal. The main principle of a tr
149 USD
Sodobe Scalper
Sodobe Scalper
Nguyen Van Cho
Important: if you get error "Global initialization failed" when run backtest,  please use build 1340 or 1330 to run backtest. We also report this error to MQL5 team  https://www.mql5.com/en/forum/377731   Scalping solution provided by top 5% world Professional Traders,  verified for 20 years Very low risk No scam Never fired account => That's Sodobe Scalper The EA best works for   Gold XAUUSD  with default settings, broker Exness, pro account type to low spread .   And the target price will be:
490 USD
Project V
Project V
Andrey Kolmogorov
Promotional price: only   for the first  1  buyers -  $299 . next   price  $399 . A trading advisor that uses in its work a strategy based on trend and countertrend algorithms, built on the principles of a quantum set of algorithms. When using the standard operating mode, only 1 order is always opened. The order is opened at the beginning of each trading day. By default, no additional set files are required. Signal Default:   EUR/USD Signal Grid:   EUR/USD Signal Martin:   EUR/USD Working
299 USD
Aura Turbo
Aura Turbo
Stanislav Tomilov
Aura Turbo is a unique grid expert based on deep machine learning, hyperparameter search technology. In machine learning, hyperparameter optimization or tuning is the problem of choosing a set of optimal hyperparameters for a learning algorithm. A hyperparameter is a parameter whose value is used to control the learning process. By contrast, the values of other parameters (typically node weights) are learned. The same kind of machine learning model can require different constraints, weights or l
495 USD
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RSI Multi Time Frame
RSI Multi Time Frame
Thomas Michalik
The Relative Strength Index (RSI) is an oscillator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. The RSI ranges from 0 to 100. An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become u
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Demian1982
119
Demian1982 2019.05.20 10:42 
 

Deletes objects when changing timeframes, so using an extra chartwindow for trademanagment could be requiered. But: it's free! That for is own is very cool! Thank you very much!!!

Victor Manuel Valderrama Zamora
5896
Victor Manuel Valderrama Zamora 2019.03.09 06:53 
 

Very good and useful EA

Matthew Todorovski
13236
Matthew Todorovski 2018.05.10 15:11 
 

User didn't leave any comment to the rating

Andrey Litvichenko
7636
Andrey Litvichenko 2017.10.25 08:27 
 

User didn't leave any comment to the rating

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