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Forex Trade Manager MT4

4.97

Do you think that in markets where the price can change in a split second, placing orders should be as simple as possible? In Metatrader, each time you want to open an order, you have to open a window where you enter the opening price, stop loss and take profit, as well as the trade size. In trading the financial markets, capital management is essential to maintain your initial deposit and multiply it. So, when you want to place an order, you probably wonder how big a trade you should open? What percentage of your deposit should you risk on this single trade? How much can you profit from this trade and what is the profit to risk ratio? Before you set the trade size, you do the necessary calculations to get an answer to the question of what the trade size should be.

Imagine that you have a tool that does all this automatically. You open a chart, make a market analysis and mark with horizontal lines the entry point, defence point (stop loss) and target (take profit), and at the end you define the level of risk, e.g. as a % of available capital, that you are able to bear in this transaction, and the program at this point provides:

  • the acceptable transaction size for the defined risk and stop loss size
  • Stop Loss and Take Profit values in pips, points and account currency
  • risk to reward ratio

Now all that remains is to click the appropriate button on the panel to open the trade

If you are a scalper and need to quickly open and close trades without setting defenses or targets, then you have everything at your fingertips in the Trade Manager panel, where you can define fixed order parameters and quickly open them by clicking the 'Buy' or 'Sell' button.

Closing or deleting orders is also done directly from the Trade Manager panel, where you can close everything with one button, or select a specific type of pending order, or close only profitable or loss-making trades.

Another problem with forex trading is trade management. You have probably encountered a situation where you stepped away from the screen for a moment and the market made a sudden move. If you had been at your computer at the time, you would have been able to gain a lot more by reacting quickly enough.

In this situation, the best solution is to set up a robot to control your trades 24 hours a day. In Trade Manager you have the following functions for managing your positions:

  • automatic break even - the program will protect your trade from loss when it reaches minimum profit
  • trailing stop - as your trade gains, the program secures another portion of the profits
  • partial closes - as the price moves in the right direction and your trade reaches further intermediate targets, the program will start to realise profits by closing further parts of the trade
  • one-cancels-the-other order (OCO) - you can set up opposite pending trades, e.g. expecting the price to break out of a consolidation. If one of these is activated, the program will automatically cancel the other trade.

By using the Trade Manager in your day-to-day trading you are always aware of the risks you are taking, and you keep your trades and your account under control at all times.

The Trade Manager's intuitive and straightforward interface means that it will only take a moment to get to grips with the program, and our technical support is available whenever questions arise. If you want to have an edge in the market, you need to be "armed" with good tools.

EA Forex Trade Manager works on all kinds of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.

If you want to test the FULL FUNCTIONAL VERSION of the Trade Manager before you buy, contact us (visit our profile) for a free 7-day trial.


Reviews 20
Daniel Bernhardt
25
Daniel Bernhardt 2023.09.21 10:48 
 

Programm working perfectly and the guys from support are super fast and very good at the job! Helped me instant and its working now! Thanks!

Le Le
23
Le Le 2023.09.20 09:33 
 

Product works as i'd expect. Really easy to use. I had a query and Denis answered almost straight away. I'm very happy with this trade manager and the support

Carlos Bojorquez
25
Carlos Bojorquez 2023.09.15 15:44 
 

I used EFX Manager on different MT4 Brokers. The support team are helpful with any issue i come across. Denis has help me twice and is very quick with his solutions.

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The only Telegram Copier on the MetaTrader Store that allows you to both receive and copy signals from Telegram To MT4 and send signals from MT4 to Telegram! This product is presented in an easy-to-use and visually attractive graphical interface. Customise your settings and start using the product within minutes! User Guide For the MT5 version please click here . To get started and setup the EA contains instructions. Load up the EA and on the general tab select ' Get Connection Help '. Follow
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Blow Stopper EA V3
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Blow Stopper EA.  What is Blow Stopper EA!!!  #BlowStopper EA is an EA that is fully automated to place and close orders for you. The EA has been designed under Ichimoku and has 7 different settings which should all agree on the direction of the market before it can enter. In other words those 7 Ichimoku setup won't enter/open any orders unless they all agree on the same thing which is either buy or sell.  The EA is strictly prohibited to be owned but you can rent it at Mql5 market as it is full
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MT4 Alert Signal Trader  is an EA that helps you trade MT4 Alert popup. Some indicators can provide signals by showing an alert popup containing signal texts. This EA will read and trade these signal texts. The alert texts should contain at least 2 elements:  (1) a symbol text   (ex: "EURUSD") and  (2) a command type   (ex: "Buy", "Sell", "Close") that trigger EA's trading activities. Some other contents that may have or not are open price, stop loss, take profit values... The EA needs an aweso
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Daniel Bernhardt
25
Daniel Bernhardt 2023.09.21 10:48 
 

Programm working perfectly and the guys from support are super fast and very good at the job! Helped me instant and its working now! Thanks!

Le Le
23
Le Le 2023.09.20 09:33 
 

Product works as i'd expect. Really easy to use. I had a query and Denis answered almost straight away. I'm very happy with this trade manager and the support

Carlos Bojorquez
25
Carlos Bojorquez 2023.09.15 15:44 
 

I used EFX Manager on different MT4 Brokers. The support team are helpful with any issue i come across. Denis has help me twice and is very quick with his solutions.

Malcolm Cameron-Lee
21
Malcolm Cameron-Lee 2023.09.13 13:56 
 

Great addition to MT4 allowing easy trade setup and management. Denis in support provides very quick responses

frafabry
29
frafabry 2023.09.12 17:17 
 

The product fills a huge gap in the usability of MT4. Thanks to this tool it will be a breeze to enter orders and manage positions. Technical support is also super fast and accurate. Never seen anything like it.

Bellami
31
Bellami 2023.09.11 12:10 
 

thanks very great product that help a lot for the trader all the feature are just what you need, thanks to the fast after sale services very reactive Denis responds very very fast to any questions thanks again.

mzinso13
44
mzinso13 2023.09.08 18:08 
 

I find this EA very helpful for my trading, it's easy to use and it helps me execute a lot faster and helps me manage my trades better. I recommend this tool for anyone that's serious about their trading.

andreas vlaniadis
23
andreas vlaniadis 2023.09.07 11:25 
 

as a starter is very useful. Also the response from the creator is very quick ..i recommended for sure if you are on your first steps.

kyle harvey
28
kyle harvey 2023.09.06 18:34 
 

Love this product, really help elevates my trading . Denis was super friendly and helpful whenever I have a question

Richard Kruger
23
Richard Kruger 2023.09.06 08:24 
 

Honestly, I have used a fair amount of managers. This one is simple, straight forward and to the point. Works brilliant, up to 4 TP's with Break Even or Trailing Stop functions. Took me about 30 minutes to play around with it and understand the functions. I would recommend a VPS, as it has to be online :)

Martin_fy4
29
Martin_fy4 2023.09.05 10:48 
 

denis was super professional and patient explaining me (absolut noob) how to install the mac version of the trade manager. finally everything is absolutely fine. highly recommand the tool and the servive. #fivestars

Sergio Alcalde
23
Sergio Alcalde 2023.09.04 18:16 
 

Great Product, lots of value, The Support service provided by Denis is amazing.

Nabilahsn
19
Nabilahsn 2023.09.04 10:02 
 

My questions were answered promptly and very kindly, great support from Dennis, trade manager has all the tools you need to successfully trade, so excited to see my trading journey evolve with the help of Trade Manager! thanks Dennis!

Ali Khan
28
Ali Khan 2023.09.02 05:34 
 

This tool is a must have for serious traders, It helped me overcome and improve many of my short comings and helped me execute more accurately, secure my gains and protect my capital. Always experienced best support, very prompt and illustrative. Everyone on the team is helpful, especial thanks to Denis for helping me with my struggles for better understanding of the product....

GSGS23
19
GSGS23 2023.09.01 21:56 
 

I Highly Recommend this EA, Its simple to use and very much effective. The support from Denis is always there and also very helpful.

mgtrader82
19
mgtrader82 2023.08.31 08:24 
 

Awesome support and great product it does exactly what it says it does and more. I noticed a few extra things I can do after I started playing around with it love it, it makes trading so much easier. Also the support I recieved from Dennis was 5 star support he responded to all my questions promptly. If you are serious about trading buy this product it is awesome.

Arthur Houston
23
Arthur Houston 2023.08.30 19:01 
 

Great product, thanks to Denis for a fast response!

TheLight
79
TheLight 2023.08.30 18:05 
 

I had previously tried many different order managers but found Forex Trade Manager to be reliable, easy to use, and very robust regarding my options for various order types, order entries, and order exits. Denis was also very responsive and solved an issue that came up when I recently changed brokers. This is a great tool for the price. Highly recommend the tool and Denis.

DirtyLaundry
19
DirtyLaundry 2023.08.30 17:03 
 

Great product and great team behind it. A well designed tool that is perfect for trade management. Any questions or issues are promptly assisted by Denis and team. Great job!

providence obiozor
28
providence obiozor 2023.08.30 13:38 
 

User didn't leave any comment to the rating

Reply to review
Version 3.37 2023.06.05
- added virtual/hidden pending orders
- added trailing pending orders
- added Limit Pullback Orders
- added automatic correction of the SL and TP distance after placing the market order
- implemented expanding/collapsing sections in the main panel
- added possibility to disable (hide) spread
- fixes and improvements
Version 3.36 2022.12.19
- added hotkeys
- added trading alerts
- added current spread visible in main panel
- new function to include spread in Stop Loss and Take Profit
- new tags to show current profit as % of account balance/equity
- possibility to run cyclic refreshing of SL and TP distance based on ATR
- possibility to modify only SL or only TP for a group of orders
- some fixing and improving
Version 3.35 2022.09.30
- added stealth mode for SL / TP - possibility to hide stop loss or take profit
- added possibility to disable SL / TP
- added automatic SL / TP setting function for orders opened without stop loss and take profit
- possibility to define Trailing Stop parameters as risk reward ("rr")
- possibility to set parameters of partial closing, Trailing Stop and Break Even as price / level
- a new tag has been added that displays the ratio of the current profit to the initial stop loss for a market order
- possibility to modify SL / TP or close a group of orders (buy orders, sell orders, all orders)
- added the possibility of dividing the order into batches of the selected size
- fixed unlimited lot function for pending orders
Version 3.34 2022.04.25
- visualization of partial closing levels on a chart
- new tags have been added to the text configuration
- improvement and optimization of the open/stop/target block operation
- abandoning the transparency of texts on the bars in open/stop/target block
- the possibility of increasing the height of the bars in open/stop/target block
- correct work with chart templates
- added possibility to trade a lot greater than max. allowed lot (divided into few trades).
Version 3.33 2021.11.11
- fixed bugs and improved operation of the open / stop / target block
Version 3.32 2021.10.29
- fixed the behavior of the bars at the order opening price when scrolling the chart (it keeps fixed localization)
- fixed the display of the open / stop / target block when scrolling and scaling the chart
- the location of the panel window was taken into account when adding information bars for orders. When the panel is displayed on the right, bars are added at the left edge of the chart and vice versa
Version 3.30 2021.10.21
- information bar for each order placed
- the possibility of modifying the order by dragging the lines on the chart
- an additional panel for managing individual transactions, allowing you to set separate settings for each order.
- changing the operation rule for automatic Break Even. After the execution of the Break Even function, it is turned off, which allows for further "manual" control of the stop level.
- in the parameters of partial closing, you can use the "rr" unit when determining the activation level with the active Trailing Stop and Break Even (the program remembers the initial stop loss)
Version 3.20 2021.05.28
- new additional options of panel zoom: 80%, 200%, 225%, 250%
- added a dialog box where you can set the exact level of the opening price (showing by a Ctrl+left-click on the open bar)
- including commission in lot calculations
- two pin states SL and TP: a single click on the pin is a SL / TP pinned that can be moved with the mouse; a double click is an SL / TP pinned without the possibility of moving the mouse
- support for symbols with lot lower than 0.01
- improvement of the prefix and suffix auto-detection procedure
- exclusion of the import of SL and TP values from the settings of other symbols
Version 3.1 2021.04.01
- fixed issue with panel maximise at big screen resolution
- improved a block/lines drawing for some cases
Version 3.0 2021.03.30
- new look for the open / stop / target line
- reverse button at the open line to flipping long / short position
- pin button at the stop and target for pinning levels separately
- no need to double-click the line with the left mouse button before moving
Version 2.41 2020.10.27
- fixed issue with BreakEven (percent and RR option)
- improved display of text on buttons on high screen resolutions
- fixed problem of the panel hiding behind the char area with zoom greater than 100% and right alignment
- improved calculation formula for "Futures"
Version 2.40 2020.10.23
- added OCO (One Cancels the Other) function
- drawing and clearing lines (open, stop and target) is on the one button
- trailing stop: activation parameter as % of distance to TP and parameter trailing as protection of % of earned profit.
- ability to disable button to open market orders when lines (open, stop and target) are drawn on the chart (pending orders only)
- ability to set max. lot size. If this size is exceeded, a warning message box will appear.
- display on the lines the amount value in the account currency of the stop and target without cents
- display stop and target as a % of the account balance or equity
- the third option for setting the distance of partial order closing and breakeven activation: Risk Reward (rr)
- break even offset as % of earned profit ("Profit" parameter)
Version 2.31 2020.10.02
- fixed an issue with "Move SL to BE" option
Version 2.30 2020.09.25
- added SL/TP fields to the panel
- add comment field into the panel
- add option to place open line x pips below/over candle
- handling different order filling types (only MT5 version)
- improved partial closing algorithm to handle also trades without SL/TP
- improved calculation formula for "Futures" and optimized orders closing procedure
Version 2.20 2020.08.14
- added an option to automatically close a part of open orders
- added a button on the panel for manual closing a part of open orders
- added a button on the panel for manual moving Stop Loss to Break Even.
Version 2.11 2020.07.09
- improved panel visibility on high screen resolution. In the Trade Manager's settings window there is possible to choose 1 of 4 variants of panel zoom: 100%, 125%, 150%, 175%
- bug fixes
Version 2.1 2020.06.23
- flexible line texts configuration. Now it is possible to display distances as price, in pips and in points or in account currency. Also it is possible to display risk reward ratio value and lots;
- automatically hide lines after order fill (as an option default on);
- automatically minimize panel after order fill (as an option default off);
- possible set default distance of stop loss & take profit lines when drawing it on chart as fixed value in pips or a multiple of the ATR value. ATR parameters to set in Trade Manager settings window;
- moved "close" buttons set to the first tab to make all open and close buttons available without need to switch between tabs;
- new tab: config;
- moved Risk Reward Ratio parameter from settings window to config tab;
- moved Allowed Risk % from settings window to config tab;
Version 2.0 2020.04.29
- adding break even and trailing stop options
- window reduction in a minimized state
Version 1.1 2020.03.26
- buttons for quick open BUY/SELL orders (without drawing lines on chart)
- automatically adjust open price, stop loss and take profit to the nearest valid price. e.g. when price is quoted with 2 decimal points, but tick size is 0.25 (mainly for CFD)
- remembering state of panel when changing chart timeframe