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Forex Trade Manager MT4

4.92

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
stefan57
31
stefan57 2022.12.07 16:34 
 

I just bought the Trade Manager, and I already fell in love with it. I had a question and contacted support ... Within just a few mins Denis replied and solved it ... Amazing support :)

tonysaulet
86
tonysaulet 2022.12.06 18:14 
 

I don't often write reviews of MQL5, but considering the great quality of this tool, it deserves one. The interface is very well designed, the tool is functional and fulfills its role very well, to have a better management of these trades. Good work.

FutureMiliCircle
19
FutureMiliCircle 2022.12.05 13:58 
 

instant support via email good stuff

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Filter:
stefan57
31
stefan57 2022.12.07 16:34 
 

I just bought the Trade Manager, and I already fell in love with it. I had a question and contacted support ... Within just a few mins Denis replied and solved it ... Amazing support :)

tonysaulet
86
tonysaulet 2022.12.06 18:14 
 

I don't often write reviews of MQL5, but considering the great quality of this tool, it deserves one. The interface is very well designed, the tool is functional and fulfills its role very well, to have a better management of these trades. Good work.

FutureMiliCircle
19
FutureMiliCircle 2022.12.05 13:58 
 

instant support via email good stuff

Ishak Kovacevic
23
Ishak Kovacevic 2022.11.21 13:03 
 

Very kind and fast support, they exceeded my expectations. We solved the problem in a few minutes using the zoom application. Trade manager is very useful for me. I recommend cooperation with these gentlemen to everyone. Thank you Denis for everything! :)

lars venema
25
lars venema 2022.11.18 16:36 
 

the best trade manager out there it has improved my trading hugely it works fast and well very satisfied never had such good service I couldn't figure it out myself and they helped me neatly 10/10

vincetestarossa
34
vincetestarossa 2022.11.15 18:48 
 

Its not every day that I take the time to provide feedback for any items I purchase, especially from a site that markets Indicators for my MT4 platform, however, after having trialled the ‘trial’ of 3 indicators from InvestSoft, I have been compelled to write this review. I was looking for an ‘edge’ to my trading and everyone that I spoke to in the trading world was telling me insure I execute my trades and manage them properly, otherwise I would just lose my account if I became emotionally attached to losing trades. So, I did a search of the internet and came across the InvestSoft Trade Manager EA. I read through all the reviews and the information on their website and decided to try the Trade Manager EA because they offer a 7 day trial. WOW. That’s all I can say. What an amazing, productive, and useful EA as it helps me execute flawlessly and manage my trades in split seconds. Absolutely brilliant! So far, I’ve had nothing but help and advice from both Janusz and Denis who helped me install the this and some of the other indicators I purchased from InvestSoft on my MT4 platforms because I just couldn’t seem to work out how to do it. It was my mistake as I didn’t know how to install directly from the MQL5 site, but Denis actually helped me instal everything via Zoom! Which other indicator company does that? Anyway, I’ve continued using the Trade Manager EA and I’m now feeling more confident with all my trades so I would most definitely recommend the Trade Manager EA to anyone who is looking to develop their trading professionalism. Thanks and well done Janusz and Denis. Keep up the great work. I look forward to looking into any new products that you develop.

Whitty Whit
25
Whitty Whit 2022.11.14 15:15 
 

Trade Manager is an excellent tool for managing your trades. The customer support group is outstanding. They quickly respond to your problems and resolve all your issues very quickly!

JadeZilla
19
JadeZilla 2022.11.14 03:49 
 

Game changer of a tool. Customer service from Denis in particular is fantastic. I was having issues with a setting and Denis responded to my emails within the hour, offered to get on a Zoom call with me, and promptly solved my problem. Thanks Denis!

Georgetrade1010
19
Georgetrade1010 2022.11.11 12:56 
 

User didn't leave any comment to the rating

arsalanaligondal21
21
arsalanaligondal21 2022.11.11 06:34 
 

Denis was great help resolving my problem!

jrburgos
40
jrburgos 2022.11.10 17:51 
 

Denis was great help resolving my problem! and fast!

Biswas Khadka
23
Biswas Khadka 2022.11.10 14:09 
 

User didn't leave any comment to the rating

Bose0606
20
Bose0606 2022.11.07 06:50 
 

Trade Manager is the best Trade Manager EA. It works perfectly with a VPS set up running MT4 so you can shut down your own PC and have Trade Manager manage it all for you. The developer is a great communicator who rolls out updates and new product features regularly and the community forum is a wealth of knowledge. Best Purchase of 2022 right here will finally take partials like a pro.

281286TK
19
281286TK 2022.11.04 15:09 
 

Had an issue with the software , contacted support . Respondes within minutes , problem solved . Great service .

Michal Chovanec
23
Michal Chovanec 2022.11.02 20:03 
 

Denis, the best support when I had a problem, he helped me even though I don't know English, he was patient with me very good product

Manuel Podmenik
23
Manuel Podmenik 2022.11.01 12:34 
 

Best tool ever for professional traders, even better for beginners, since it makes management a piece of cake. The layout is simple and user friendly, with a lot of configurations for calculating lotsize, taking partials, breakeven etc. Also a special shoutout to Denis for answering any questions about different functions and new upcoming functions of Trade manager. All in all, a tool i no longer want to trade without.

Robin
36
Robin 2022.10.28 20:14 
 

This tool pretty much has changed my Trading career ! The devs are responding friendly and help you. I love this tool. Also they update it when you come up with ideas. Amazing ! Love it ! Thanks.

cincytrader
19
cincytrader 2022.10.27 03:02 
 

Great tool

Jakub Jurina
188
Jakub Jurina 2022.10.25 16:08 
 

This tool should have every trader....it will make your trading so easy + support is one of the best i have ever seen. 10/10

Nick2000
19
Nick2000 2022.10.20 09:34 
 

The customer service/ support is incredible and really fast to respond to your question. The trade manager is a must in my trading now, this software really help me manage my risk I suggest it to every trader.

Reply to review
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