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Forex Trade Manager MT5

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
sam19193
19
sam19193 2022.12.02 11:23 
 

I absolutely love this piece of software. It makes trading a breeze and removes all the hassles in executing trades. Ran into an issue and Denis in support was super helpful. A solution was found within half an hour (was a tweak in settings) and didn’t impact my trading day. I will highly recommend this calculator to anyone looking for one. And what you get for the price is above and beyond especially with 5 star support thrown in.

Fernando Henrique
50
Fernando Henrique 2022.11.24 13:57 
 

Gostaria que nas linhas de target e stop aparece a cotação. Alguem sabe como fazer isso?

Rodrigo Silva
28
Rodrigo Silva 2022.11.17 13:30 
 

Best product ever

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Two quick answers for frequently asked questions: 1. If it's your first time to buy at MetaQuotes Market and don't know how/where to install your purchased EA, please follow MetaQuotes official guide here . If MT5 trade symbol name is different with cTrader's, please set 'Symbol Map List' variable at MT5 signal EA as explained at below instructions.  2. If you're looking for evaluation, please find the demo copy and cTrader cBot copier user guide and download link from this blog .
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Эксперт - торговый помощник, созданный по одноимённой торговой стратегии Оракул в сотрудничестве с ее автором Нео. Определяет на графиках в автоматическом режиме разворотные импульсные модели и строит по ним Вилки Нео - авторский инструмент, позволяющий определять циклы движения цены и указывающий на ожидаемую цель TakeProfit . Поиск ведется на всех заданных периодах графиков одновременно с фильтрацией совпадений. Осуществляется фильтрация неверных Вилок с указанием кода ошибки. Утилита имеет
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Filter:
sam19193
19
sam19193 2022.12.02 11:23 
 

I absolutely love this piece of software. It makes trading a breeze and removes all the hassles in executing trades. Ran into an issue and Denis in support was super helpful. A solution was found within half an hour (was a tweak in settings) and didn’t impact my trading day. I will highly recommend this calculator to anyone looking for one. And what you get for the price is above and beyond especially with 5 star support thrown in.

Fernando Henrique
50
Fernando Henrique 2022.11.24 13:57 
 

Gostaria que nas linhas de target e stop aparece a cotação. Alguem sabe como fazer isso?

InvestSoft
55577
Reply from developer Janusz Trojca 2022.11.24 20:59
Entre em contato com o suporte em https://www.investsoft.eu/contact para discutir os detalhes.
Gion Darwis
23
Gion Darwis 2022.11.24 08:07 
 

User didn't leave any comment to the rating

Rodrigo Silva
28
Rodrigo Silva 2022.11.17 13:30 
 

Best product ever

Doty Deal
23
Doty Deal 2022.11.16 10:12 
 

This product changed everything for me. A ton of options and very easy to use. It's amazing for scalping too as you don't have to calculate anything. And customer support is very fast and responsive too. Keep it up!

ALEXTRADER23
19
ALEXTRADER23 2022.11.15 08:50 
 

Trade Manager is an excellent trading tool. The customer support group is outstanding. They quickly respond to your problems .Denis offered to get on a Zoom call with me, and promptly solved my problem!!

CVIT
42
CVIT 2022.11.01 09:14 
 

Amazing product, Denis did a very good job helping me set it up on my account. Great and fast support is what matters. Product seems to be working fine after using it for a week now. Thanks a lot!

Ben
291
Ben 2022.11.01 08:17 
 

Not sure what happend after the last update, but when ever attempting to set partial close profit values, the button gets stuck and will not disable and even when enabled it will not let you change any values. When the tool works it is great, but certainly needs some work. Would not recommend using this on a live account.

InvestSoft
55577
Reply from developer Janusz Trojca 2022.11.01 10:42
from what you are describing, you are probably trying to change the parameters of the partial closure level that has already been executed. This cannot be modified anymore, this is natural and it is not related to the last update. In any situation when something is unclear or it seems that it does not work, we recommend contact our technical support https://www.investsoft.eu/contact. If necessary, we can connect remotely via Zoom and explain everything.
jcorbett
19
jcorbett 2022.10.24 13:39 
 

Best tool for any serious MT5 trader to have. Denis is the best support person I have found for any software.

Stealth64
40
Stealth64 2022.10.21 10:39 
 

Very good trade manager. Denis responds quickly to support questions.

Fox117
19
Fox117 2022.10.18 17:36 
 

You need to get used to it and mess a bit with the options but if you can adjust it your way is good. Ratio and lot calculator + partial exits and a lot more working fine.

ChrisGaddas
21
ChrisGaddas 2022.10.17 20:11 
 

What an amazing tool!!! I went for the cheaper rental option to test it out after being let down so many times in the past with products that promise the earth, but deliver nothing.... But not this time. I am so happy that now I can place my orders in seconds without all the imputing required with standard MT5 requirements. I did have a few challenges getting set up, but that was my own fault, not being very technical. I sent an email to the support team an within minutes was on a zoom call with Denis, who had me up and running in no time and even gave me some additional on the spot training. Thanks Denis, you are a star!!!

Naim Ahmed
27
Naim Ahmed 2022.10.16 05:18 
 

User didn't leave any comment to the rating

InvestSoft
55577
Reply from developer Janusz Trojca 2022.10.17 11:36
The mobile version of the metatrader platform does not allow you to run any 3rd party software like EA, indicators or scripts, so it is not a bug or lack of functionality on our part. It's just that the mobile version has no technical ability to run add-ons. Therefore, all you can do is run the Trade Manager program on your VPS or your home computer and place orders on the same account from your phone (without using the Trade Manager program) and the Trade Manager program will only manage open transactions providing features such as automatic break even, trailing stop, partial close, OCO etc. The second option is to remotely operate the program running on a VPS or home computer from a smartphone using CHROME REMOTE DESKTOP.
GabrielDahl98
19
GabrielDahl98 2022.10.06 09:55 
 

Brilliant tool, personally this is a gamechanger for real. I accidentally downloaded the wrong version to my mt5 and Denis helped me solve it over zoom in within a couple of hours, it's the best customer service I have ever experienced!

Andres.Morelo
92
Andres.Morelo 2022.10.05 16:03 
 

It is an excellent tool, the customer service is sensational and very friendly, the advisor Denis is a great person. I feel lucky to acquire this tool, once my rental period is over I will buy it for life.

forexfornurses
54
forexfornurses 2022.10.05 13:38 
 

Been using trade manager for many years. Very useful expert. Had a problem with the MT5 version. Denis reached out within 12 hours of sending a ticket in. He jumped on a Zoom and sorted the problem out. Absolutely brilliant customer service. Thank you Denis, top man 👊

bbjerk1
51
bbjerk1 2022.09.12 20:44 
 

Many questions about this program. How may I speak to Denis? First question: I am getting this error frequently when I try to place a market sell order: 2022.09.13 11:30:29.352 Forex Trade Manager MT5 (EURUSD,H1) Trade::SendMarketOrder PositionOpen Error: code=10019 //Update: Thank you Janusz. Denis reached out to me and offers outstanding support. Added 3 stars to the review.

InvestSoft
55577
Reply from developer Janusz Trojca 2022.09.13 17:46
Hello, I sent you a direct contact to Denis in a private message. Please check. He will reply as soon as possible. If you need you can arrange zoom meeting.
Lucas0088
29
Lucas0088 2022.09.07 23:10 
 

Very helpful for getting my trades in on time and with no trouble. You can plan ahead or make quick decisions. I had some troubles staring things up but got some great help from the Customer Service employee Denis and after that everything was working like it should.

diraw
29
diraw 2022.08.28 13:29 
 

Would be nice to have the ability to set and save multiple predefined settings for quick use.

InvestSoft
55577
Reply from developer Janusz Trojca 2022.08.29 12:56
Thanks for the suggestion. This will be added to the program in one of the future program updates.
lily2000
42
lily2000 2022.08.28 02:36 
 

This Trade Manager is a great tool for manual or auto operations with some great strategies implemented to automatically detect the price changes and trend to better predict the buy or sell action needed for the next period to maximize the profit based upon the account type and available fund. The display has some little issues which need to be fixed if possible.

InvestSoft
55577
Reply from developer Janusz Trojca 2022.08.29 12:55
Thank you for the nice review :) If you have any questions or problems regarding the program, please contact our technical support via the form on our website.
123
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 3.31 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