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Forex Trade Manager MT5

4.98

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
MHermes
52
MHermes 2023.12.04 20:19 
 

just bought this Trade Manager .. I had some noob questions and they were answered very quickly, very reassuring when the team backs their product like this

Pouyanism
19
Pouyanism 2023.11.30 16:39 
 

Thank you Denis Great EA Awsome functionality.

bartekstoroz
24
bartekstoroz 2023.11.30 13:24 
 

I was using the Trade Manager for few months without any problems but some days ago I switched to a prop firm challenge and then ran into some issue with the Manager- on some pairs i just couldn't see Target and Stop values. I wrote to the developer, he helped me and resolved the issue(which was very simple to fix). Overall I am very happy with the product and their customer support is quick and active! Truly recommended!

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Dedicated for FTMO and other Prop Firms Challenges 2020-2023 Trade only GOOD and checked PROP FIRMS  Default parameters for Challenge $100,000 Best results on GOLD and US100  Use any Time Frame Close all deals and Auto-trading  before  US HIGH NEWS, reopen 2 minutes after Close all deals and Auto-trading  before Weekend at 12:00 GMT+3  Friday Recommended time to trade 09:00-21:00 GMT+3 For Prop Firms MUST use special  Protector  https://www.mql5.com/en/market/product/94362 ------------------
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Filter:
MHermes
52
MHermes 2023.12.04 20:19 
 

just bought this Trade Manager .. I had some noob questions and they were answered very quickly, very reassuring when the team backs their product like this

Pouyanism
19
Pouyanism 2023.11.30 16:39 
 

Thank you Denis Great EA Awsome functionality.

bartekstoroz
24
bartekstoroz 2023.11.30 13:24 
 

I was using the Trade Manager for few months without any problems but some days ago I switched to a prop firm challenge and then ran into some issue with the Manager- on some pairs i just couldn't see Target and Stop values. I wrote to the developer, he helped me and resolved the issue(which was very simple to fix). Overall I am very happy with the product and their customer support is quick and active! Truly recommended!

wasylyszyn0575
19
wasylyszyn0575 2023.11.29 23:51 
 

The response was very timely, descriptive, and Denis knew exactly what the issue was and how to fix it on the first try. I'm still new to the software, so I can't speak on its efficiency just yet, but the support is incredible.

LakeSidePark
132
LakeSidePark 2023.11.29 18:46 
 

Much needed utility for managing trades. Also excellent and prompt support. I posted an issue and had a response within minutes and within a few email responses I was able to resolve my issue.

Xavier Rozario
23
Xavier Rozario 2023.11.29 07:26 
 

i purchased this product just couple of days ago .. and for some reason it was not working .. i got Denis from the support team who helped to get through with problem i was facing , i hv to mention EVEN though it wasn't the products fault , it was something to do with the prop firm to ask to enable to allow me to use EA's.. but still Denis was very patience and helped me .. thank u Denis really appreciates all ur help ! great product & great service !!

Fav Indicators
23
Fav Indicators 2023.11.28 20:38 
 

Great product and amazing support !!! This plugin makes trading and my life so much easier

John Fox
100
John Fox 2023.11.28 11:07 
 

I bought this add on a while ago. It is fantastic. a must for trading. Spoke to Denis at support and he was very quick in responding.

Travis Clement
43
Travis Clement 2023.11.27 13:11 
 

This is the cleanest interface trade manager you are ever going to find honest its a no brainer.

happyjjd
59
happyjjd 2023.11.24 18:29 
 

Denis was a great help

G Weiner
28
G Weiner 2023.11.23 18:36 
 

Just purchased, customer Support was very very impressive, responding back to me within seconds via e-mail. There is also great hotkey options. So far so good.

entrosion
19
entrosion 2023.11.21 15:55 
 

Amazing trade manager, but the best part is the support. Insanely fast responses and always helpful, big vouch!

Seal88
19
Seal88 2023.11.21 14:53 
 

I bought trade manager a couple of months ago and it was a very worthwhile expense. The tool has helped progress my trading to the next level. This tool allows you to accurately and quickly place your trades and pending orders, automatically calculating your risk and profit, saving so much time which can be crucial in this business. I recently switched brokers and was having some trouble transferring the tool over to the other platform so I got in contact with them via their website. Denis got back to me straight away asking a few questions and then when he worked exactly what the issue was he sent a big email explaining exactly what needed to be done. I follow the instructions and managed to transfer it over straight away without any issues. This really was exemplary customer service and I really appreciate their support. Worth every penny and would recommend the tool and company to anyone. Thank you very much

Matt G
28
Matt G 2023.11.20 17:52 
 

By far the best Trade Manager I've used, and you can't beat the price. I had a question and emailed support; Denis replied almost instantly with answers to my questions.

milanogrg
30
milanogrg 2023.11.20 06:21 
 

It does what it says; it's handy for taking quick trades.

Loey Mohamed
23
Loey Mohamed 2023.11.16 13:47 
 

Amazing product managing a trade is very important for any profitable trader, and thus us the best one I have seen by far. The fast customer support is also amazing. glad I found this. keep up all the good work and big thanks to Dennis for helping me out getting it up and running!

Michael New
38
Michael New 2023.11.15 18:36 
 

Invaluable tool for managing trades, especially for scalping. Helpful support from Denis, very quick response time.

dee gen-x
23
dee gen-x 2023.11.13 14:03 
 

Beautiful tool! Lightening fast and comprehensive support!

Reynaldo Tanaya
23
Reynaldo Tanaya 2023.11.13 08:44 
 

Best trade manager, fast support, just the best! keep building sir

johna255
21
johna255 2023.11.10 15:32 
 

Provides great functionality where innovation is fully driven by the community of traders who use this application. Support is also great, extremely fast responses with direct access to the developers who can update you on any new features or fixes.

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 3.31 2021.10.21
- fixed an issue with saving settings for a pending orders
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