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Forex Trade Manager MT5

Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market. 

EA Forex Trade Manager works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.
Contact us to get free 7-day trial of Trade Manager

Do not you believe that one tool is enough to make investing safer, easier and much more effective? Forex Trade Manager has:

  • intuitive, visual determination of Stop Loss and Take Profit levels;
  • a modern algorithm that effectively determines the risk of trading before it is executed;
  • determination of the value of trade;
  • precise calculation of the risk to reward ratio;
  • the ability to open and close transactions from one panel, quickly and very intuitively;
  • break even activated on set profit in pips or % of distance to TP;
  • trailing stop.

The program was built based on a very ergonomic interface. You only need a moment to understand all the functions and open your first trades. This product is the result of many months of hard work of the best financial markets specialists. Forex Trade Manager significantly automates the trading process and helps to accurately assess the risk without wasting time on a complex analysis.


Main features

  • visual orders: trade by horizontal lines placing on chart to set open, stop loss and take profit levels;
  • calculation of potential profit or loss in account currency;
  • lot size calculation based on risk % of account equity, account balance or fixed cash amount;
  • risk reward ratio calculation;
  • easy placing market or pending order by clicking button on panel;
  • easy order modification;
  • fast closing market or pending orders (all / profitable / lossy);


How to use Forex Trade Manager


Step 1: Draw lines

  • click the button Draw (with pencil) and then click on the chart where you want to place the „Open” line.
Step 2: Move lines on chart
  • double click on lines and move them to specified levels where you planned to open order and set stop loss and take profit.
Step 3: Adjust lot size
  • set lot size in panel and read what is your stop loss and take profit value in account currency
  • or select one of the automatic lot calculation based on risk % of account balance/equity or fixed cash amount
Step 4: Place order
  • Click button "Market Order" or "Pending Order" on panel
Step 5: Clear lines
  • click button clear (with rubber) to remove lines from chart.

It is possible to manage orders via Trade Manager. Select "Manual Manage Orders" tab and select order from list. You can set new stop loss or take profit as distance from open price in pips or direct setting sl/tp levels.

Trade Panel has also button to quick close market orders (all / profitable / lossy) or delete pending orders (all / limit orders / pending orders).


Some of the most important Parameters


--- TRADE PARAMS ---

  • Only Current Symbol - TRUE: panel manage only current chart symbol orders, FALSE: panel manage all symbols orders
  • Only Current Magic No. - TRUE: panel manage only orders with defined Magic Number, FALSE: panel manage all orders
  • Magic Number - unique number for placed and managed orders

--- RISK ---

  • Risk Reward Ratio - fixed or default Risk Reward Ratio. If you push „R:R” button on panel, than program will keep lines’ distance with selected ratio.
  • Allowed Risk % - acceptable risk of single transaction according to account balance (allowed values from 0.1 to 100).
  • Acceptable Risk Color - font color of risk % if it is smaller or equal than acceptable risk (set by AllowedRiskPercent param)
  • Unacceptable Risk Color - font color of risk% if it is greater than than acceptable risk (set by AllowedRiskPercent param)


    Video

    Reviews 1
    SamitR
    685
    SamitR 2020.04.11 01:42 
     

    Very helpful EA....has some great features when it comes to managing your trade...would definitely recommend it....Samit

    Filter:
    SamitR
    685
    SamitR 2020.04.11 01:42 
     

    Very helpful EA....has some great features when it comes to managing your trade...would definitely recommend it....Samit

    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