Market / MetaTrader 4 / Utilities /

Trade Master

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Published: 21 March 2018

Current version: 1.1

Trade Master

Utilities
Gyunay Sali
Version: 1.1
Updated: 27 April 2020

Trade Master is advanced forex robot for manual trading and managing open trades. When attached to a chart it prints two buttons BUY and SELL. Using these two buttons you can trade manually by predefined Stop Loss, Take Profit and other parameters. Trade Master is also equipped with Trailing Stop system to protect the profits. Trade Master is the best tools for scheduled closing of trades. It can be used for closing trades for each weekday from Monday to Friday at specific time (hour and minutes). Trade Master also support closing MT4 terminal. Another available option is to close all open trades when the total profit is equal to X pips or X money.

Settings

Magics – Here you can enter the magic numbers separated by comma. For example: 0,1231,543,7786 - these magic numbers can be the magic numbers of any forex robot you use in your account and you want Trade Master to close their trades or to set them trailing stop. NOTE: manually opened trades have magic 0 and you must enter it in this parameter. By default this parameter has not a value. You can enter "all" as value, this means that the robot will manage all open trades in the account.

Close All When On Profit Setting

Close_All_When_On_Profit - To enable this feature you have to set TRUE as a value. When it is enabled the robot will close all trades when total profit is equal to Required_Profit_Pips or Required_Profit_Money
Required_Profit_Pips - The required profit in pips for closing the open trades. If this parameter value is 0 then the robot will check the next parameter
Required_Profit_Money - The required profit in money (in account currency) for closing the open trades. If this parameter value is 0 the robot will not close any trade. The robot always check first for Required_Profit_Pips, if its value is 0 then check Required_Profit_Money

Monday Settings

Close_On_Monday – To enable closing on Monday set its value to TRUE
Mon_Close_Trades – When it is TRUE the robot will be able to close all trades on Monday at time Mon_Close_Hour:Mon_Close_Minutes. The robots will close only the trades which magic numbers are entered in Magics (+ Robot_Magic)
Mon_Close_Hour – The hour when the trades will be closed or MT4 will be closed
Mon_Close_Minutes – The minutes when the trades will be closed or MT4 will be closed
Mon_Close_Min_Profit – The minimal required profit in pips for closing a trade. By default, it is 0 (zero) this means that the robot can close all trades no matter the profit
Mon_Close_MT4 – If its value is TRUE the robot will close the MT4 on Monday at time: Mon_Close_Hour:Mon_Close_Minutes

Settings for the other weekdays are similar as settings for Monday!

Manual Trading Settings

Take_Profit - Take Profit value in standard pips
Stop_Loss - Stop Loss value in standard pips
Lots - Fixed Lots size. If you want to trade with fixed lots then you have to set Risk=0
Risk - Value in percents. When its value is greater than 0 (zero) then the robot calculates the lots size automatically based on Risk value and account free margin
Max_Spread - Maximum allowed spread in standard pips for trading
Slippage - Maximum allowed slippage in standard pips
Robot_Magic - An unique integer number which will be assigned to all open trades from the robot
Hidden_Mode - When its value is TRUE the robot will hide Stop Loss and Take Profit from the broker
Robot_Comment - A text which will be added as a comment to all open trades

Trailing Stop Settings

Use_Trailing_Stop - If the value is TRUE then the Trailing Stop system is enabled (FALSE: disabled)
Trailing_Stop - Value in pips. The min guaranteed profit when the trailing stop is activated for a trade. Usually when the profit of a trade is equal or greater than Trailing_Stop_After value (in pips) the robot set a trailing stop to the trade equal to Trailing_Stop value (in pips)
Trailing_Stop_Step - Value in pips. When the trailing stop is already set and the current profit of the trade rises the robot also move the trailing stop with Trailing_Stop_Step value (in pips). Every X pips the robot will move also the trailing stop and will guarantee you more profits
Trailing_Stop_After - Value in pips. When the current profit of a trade is equal or greater than Trailing_Stop_After value (in pips) the robot will set a trailing stop to this order equal to Trailing_Stop value (in pips)

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64 USD

>>> BLACK FRIDAY PROMOTION - 60% OFF - Promo price: $64 / Regular price $159 <<< Signal Account of Asian Scalper: https://www.mql5.com/en/signals/730705 Asian Scalper is an automated Forex robot. It is an advanced Asian session scalper which supports 9 currency pairs. The robot is equipped with Money Management, Take Profit, Stop Loss, Broker Protections, Slippage Protection, Max Spread Protection, Loss Recovery System and so on. Supported pairs: GBPUSD, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF

64 USD

>>> BLACK FRIDAY PROMOTION - 60% OFF - Promo price: $52 / Regular price $129 <<< Smart Impulse Trader is an automated forex trading robot. The main idea behind this strategy is to detect the impulse and to open two trades at the same time and in the same direction. There are separate take profits for both trades: First_Trade_TP and Second_Trade_TP. When the first trade is closed with profit, then the robot sets take profit value to the second trade. The distance is equal to Second_Trade_TP para

52 USD

64 USD

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ROYPERTH1 2020.05.15 13:59 #

Excellent product for manual traders/Scalpers & even better customer service. Given the functionality & elegance very reasonably priced. I am a very fussy trader and this product is warmly recommended.

Version 1.1 2020.04.27

I have made the parameter Max_Spread type float (double). You can set values like 2.5, 2.7, 1.3 ... and so on not only integer values.