• Overview
  • Reviews (3)
  • Comments (19)
  • What's new

Trade Manager 4 Lite

Trade Manager 4 Lite is trading panel developed with a goal to make manual trading in some (routine) task easier.


Main features of Trade Manager 4 Lite

  • Trading for Forex and CFDs
  • Support for 4 and 5 digit brokers
  • 65 combinations to set order
  • Set Take Profit, Stop Loss and entry level for Pending Order with lines positioned on the chart
  • Break Even
  • Trailing Stop Loss
  • Multiple Pending Orders
  • The possibility to set the maximum Spread value
  • Close All (close all open positions)
  • Close only Buy
  • Close only Sell
  • Close+ (close [all,buy,sell] positions in profit)
  • Close- (close [all,buy,sell] positions in loss)
  • Delete Pending Orders (by type)
  • Choose Pips or Points for settings (only for Forex)
  • Working in the back testing mode


Parameters

  • ‌Magic Number
    • [-1] - Will manage all open orders
    • [0] - Will manage only open orders without Magic Number
    • [Any number] - Will manage only open orders with specified Magic Number (opened orders by any Expert Advisor)
  • Language - only English now
  • Theme - color theme
  • Timeframe - force Trade Manager working only for specified Timeframe
  • Chart Shift - set chart offset in % from the right side
  • Control Panel - show Control Panel
  • Dashboard Panel - show Dashboard Panel
  • Dock Panels - show Dock Panels (on the chart: CP - Control Panel, DP - Dashboard Panel)
  • Lots
    • we can set fixed Lot size
    • but we can leave it empty (or zero) too and then Lot size will be calculated.

We can define Take Profit and Stop Loss in Trade Manager on 4 different ways.

  • Take Profit [price] - based on exactly defined price
  • Take Profit [pips/points] - based on the distance from market price specified by Pips/Points
  • Take Profit [money] - based on amount of money we expect as our profit
  • Take Profit [%] - based on percentage of our account balance
  • Stop Loss [price]
  • Stop Loss [pips/points]
  • Stop Loss [money] - based on amount of money we want to risk
  • Stop Loss [%]

How to set Take Profit and Stop Loss with fixed Lot size: video

How to set Take Profit, Stop Loss and Position Size: video

  • Max Spread - allow to place order only when Spread is less than preset value
  • Slippage - set Slippage for the order
  • Number of Pending Orders - how many Pending Orders will be placed
  • First Distance for Pending Order - distance from the market price
  • Step Between Pending Orders - distance (step) between next Pending Orders
  • Break Even - set this value to True if you want to activate Break Even, otherwise to False
  • Trigger [pips/points] - set the distance in profit needed to trigger Break Even for the order
  • Offset [pips/points] - set the offset from opening price after Break Even has been triggered
  • Trailing Stop Loss - set this value to True if you want to activate Trailing Stop Loss, otherwise to False
  • Trigger [pips/points] - set the distance in profit needed to trigger Trailing Stop Loss for the first time
  • Frequency [pips/points] - set the frequency (next triggers) how often should Stop Loss move
  • Step [pips/points] - set the step with which Stop Loss will move in the direction of the market
  • Pips or Points - set what you prefer Pips or Points (only for Forex, for CFDs Pips=Points)
  • Pips to Points - default: 1 Pip = 10 Points. Change it only when you know what you are doing. (for CFDs it is not applied)
  • Custom Tick Size - you can overwrite this value the same way like Tick Value, but Tick Size is usually set properly.
  • Custom Tick Value - when calculator for CFDs is not working properly maybe there is not correct setting for Tick Value on broker's side. You can overwrite it. Change it only when you know what you are doing.
Ferdinandus Charlie
705
2017.05.22 20:24 
 

Great trade manager, very easy to use..., highly recommended!!

ObiWT
17
2017.04.11 13:20 
 

exactly what I was lookig for, thank you very much

Deiter Lange
150
2017.04.09 14:23 
 

great tool

Version 4.2 - 2017.04.19
New features:
- Extended Dashboard Panel
- Dock Panels (set panels to 4 corners or hide panels)
- Added Themes
Fixed:
- Fixed design issues
- Fixed Chart Shift
- Fixed Close Sell button
Version 4.1 - 2017.04.06
New features:
- Break Even
- Trailing Stop Loss
Fixed:
- Fixed minor issues for Strategy Tester