• Overview
  • Reviews (3)
  • Comments (4)
  • What's new

Trade Manager MT5

4.33

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The Trade Manager MT5 is the ideal addition for all FX Trend users which like to use a fully automated trade management.

It detects your manually opened trades immediately and manages their stops automatically along the trend line drawn by FX Trend.

Browse completely free through all time frames without affecting your orders.
Your trades were managed based on the fixed calculation settings you set in the Trade Manager properties.

An exceptional and powerful feature is the detection and management of orders which are opened by an external Expert Advisor.
Set the right EA Magic Number and you can manage these EA orders following your personal trend trading style

Features

  • Automated detection of active orders
  • Automated set of initial stops
  • Automated trailing stops
  • Automated detection of active Expert Advisors orders
  • Automated management of active Expert Advisor orders
  • Security Stop Loss for counter-trend trades
  • optional use of Breakeven Stop Loss
  • optional set of Take Profit
  • Notification options for some trade operations
  • Runs on all kinds of trading symbols like Forex, shares, commodities, bonds, etc.
  • Runs on all kinds of offline charts like Renko and range bar charts
Main Settings
  • Timeframe: Select the time frame from the drop-down list for your trend line calculation
  • FX Trend Periods: Select your preferred number of periods for the trend line calculation
  • FX Trend Deviation: Select your preferred deviation parameter for the trend line calculation
  • Candle: Choose between the current open candle (0) which is recalculating until it's close and the last closed bar (1) with a final calculated value

Additional Settings

  • Take Profit in Pips: Set your profit target in full pips based on the orders open price.
  • Secure Stop Loss in Pips: This secure stop loss is used if you trade against the valid trend of your selected time frame (i.e. BUY order in a valid downtrend or vice versa)
  • Secure Stop Notification: Receive a notification message if the secure stop loss was set
  • Use break even stop loss: enable or disable the usage of a break-even stop loss
  • Set break even after x pips of profit: Define an amount of profit in full pips to execute the break-even stop
  • Breakeven notification: Receive a notification message if the stop loss was set to break even

Expert Advisor Settings

  • Insert MagicNumber of EA: Set the MagicNumber of the external EA orders you like to get managed by the Powerplay Trade Manager
  • Disable MagicNumber selection: Enable this feature if you like to manage all trades independent from their MagicNumber


Do you need more professional trading tools? Visit our showroom at https://www.mql5.com/en/users/blueball/seller

You are looking for trading strategies and tips? Visit our blog at https://www.mql5.com/en/users/blueball/blog

You are happy with our work? Share your experience and leave a review.


Reviews 3
Stephan Grobler
147
Stephan Grobler 2020.08.29 13:01 
 

Easy to implement, manages trailing stop and SL-levels very good. It maximized my profits.

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SIEA Zen MT4
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SIEA Zen
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SIEA ZEN - major update   Default risk live signal     Dynamic risk live signal TRADING STYLE SIEA ZEN trades all 28 trading pairs based on the 8 major currencies, USD, CAD, EUR, CHF, GBP, AUD, NZD, and JPY. Our unique volume analysis determines market imbalance and how intense they are to spot reverse entry opportunities. SIEA ZEN  closes all its positions at the end of every month and starts a new cycle at the beginning of the next month. In this way, we'll achieve an awesome
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DRYX01
176
DRYX01 2022.07.03 11:40 
 

Pretty useful, but need some other fonctionnality: - profit count in pips somewhere on screen - TP in percentage of stoploss - Perhaps a small interface ?

Stephan Grobler
147
Stephan Grobler 2020.08.29 13:01 
 

Easy to implement, manages trailing stop and SL-levels very good. It maximized my profits.

Stefan001
86
Stefan001 2019.01.02 11:31 
 

User didn't leave any comment to the rating

Reply to review
Version 3.0 2020.09.18
Dropped obsolete Length parameter

Changed default time frame for SL calculation
Version 1.21 2020.06.07
Metaquotes provided important fixes in MQL5 and asked us to recompile all our market tools.
So please update your local copy to the latest available to benefit from bug fixes and improvements.