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Trade Manager Pro MT5 Version

Every Forex trader knows that exit strategy is the key to success in Forex. But does everyone follows that knowledge?

95% of traders do not follow it due to such emotions as fear and greed involved in trading.

Without a proper exit plan, like where to take profit, when to exit, when to hang on, no one can make proper money and most market entries are loss-making.

Considering the importance of money management and trade management, we have three options to take care of that:

  1. Manage all trades and risk manually by fighting fear and greed. That is where 95% of traders fail. 
  2. Get an automated EA (Expert Adviser), which may bring you thousands of dollars for creating strategy and software.
  3. Create an exit strategy from scratch and program yourself  but the problem is that you should be a highly skilled programmer and a good Forex trader to know how it should work. 

You can select one of the options above if you have enough money and time to spend on research, development and testing.

But if you are looking for better, faster and advanced solution, then we have done all that for you.

  1. Preservation of capital should be top priority.
  2. Lets you trail your profit even though you are not in the system.
  3. Automatic trailing stops for all open trades.
  4. Set default stop loss as soon as trades are opened.

All features are listed below.


Manage Trades

  • Manage By Magic Number - the EA manages trades with the same magic number. Using different magic numbers on different charts allows you to use the EA to manage trades placed by different trade-setting EAs and scripts. The default value is mine, so change it to suit yourself.
  • Manage By Trade Comment - the EA manages trades with the same comment as the EA's one.
  • Manage By Ticket Number - the EA manages the single trade identified by the value in the Order column of the trade terminal.
  • Manage This Pair Only - the EA manages all trades on the chart it is installed at. You can use it with one of the previous three to achieve accurate monitoring of an associated group of trades. Do not try to use it with more than one, or the EA will not function.
  • Manage All Trades - take care with this setting. If enabled, it will monitor all open trades overriding anything you entered in the previous settings. Only set it to true if none of your open trades require individual care and attention.
  • Manage Specified Pairs - the EA manages only those pairs specified in PairsToManage input. You can edit the pairs list; it should be obvious how to add/delete pairs.

 

Advanced Capital Prevention Option

  • Set initial Take Profit and Stop Loss - Stop Loss and Take Profit are set as soon as a trade is opened. Thus, even if you forgot to set SL, it is set by default to prevent more losses.
  • Last Bar Stop Loss - your Stop Loss is set to Low or High of the last bar.
  • Last Swing Stop Loss - Stop Loss is set on the last low or high swing as soon as a buy or sell trade is opened.
  • Stop Loss To Break Even - your Stop Loss is moved to Break Even once price moves X number of pips in your favor.
  • RSI Based Stop Loss - this can be used in many ways. For example, you can set it, so that when the price moves below or above 50, it will close a buy or sell trade. RSI is used in many ways, and you can customize all the parameters to use for closing trades. It can be used with combination of other Stop Loss and Trailing Stop Loss features.
  • MACD Based Stop Loss - MACD is used by many traders. You can use MACD to close your trade when it goes below or above ZERO. All setting parameters are available in our EA.
  • Time based Stop Loss - enter minutes or hours from opening to closing a trade and it will be closed at that time.
  • Partial Close - you can set unlimited partial close options. For example, close 10% of lot size once price reaches 10 pips, then close 40% of lot size when it reaches 40 pips and so on.
  • Time Based Stop Loss - a trade is closed after the specified time.


Trailing Stop Loss Options

  • Simple trailing
  • Parabolic trailing
  • ATRStop trailing
  • X Bars Back trailing
  • Fractal based trailing
  • Bollinger Bands trailing
  • Moving Average trailing
  • Donchian Channel trailing


Other Settings

  • Account level Drawdown (in Percentages) - all orders are closed, whenever the cumulative profit or loss reaches the specified drawdown or maximum profit percentages (or any other base currency of your broker).
  • Account level Take Profit (in Percentages) - all orders are closed, whenever the cumulative profit or loss reaches the specified profit percentage (or any other base currency of your broker).
  • Basket level Stop loss (in Dollar terms) - all orders that match your selection criteria are monitored. All orders are closed, whenever the cumulative loss reaches the specified dollar amount (or any other base currency of your broker).
  • Basket level Take Profit (in Dollar terms) - all orders that match your selection criteria are monitored. All orders are closed, whenever the cumulative profit reaches the specified dollar amount.
  • UseTimeFilter - set the time from when the EA should work and when it should not.
  • Reverse Trade - open a reverse trade as soon as SL is hit. It will also open the opposite trade with the same settings and lot size.
  • Alert - message informing that the positions are going to be closed.
  • Mail - sending an email after all positions are successfully closed.
  • Mobile - sending push notifications to the mobile terminals having MetaQuotes IDs specified in Notifications tab.

Note: We will keep adding new options and you will get updates for lifetime for free.

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Ivan Pochta
Stock Trader Pro v.1.1 Launch Promo 5 / 5 additional copies by price $750 Next Price $990 Normal Price $1250 Stock Trader Pro   is a fully automated trading advisor designed to work in the   Stock Markets , in particular, to trade shares of the largest companies in the   US Stock Market . The system is based on the author’s trading strategy. Unlike Forex systems,   Stock Trader Pro     opens only LONG positions on the global trend on price pullbacks (corrections), analyzing data from several ti
750 USD
White Peaks EA
Evgenii Golovanets
Price: $499 only 7 of 10 copies left at this price Next price $599 WP EA shows best performance with  IC Markets (click to register)   Live Monitoring #1  https://www.mql5.com/ru/signals/814806 Live Monitoring #2   https://www.mql5.com/en/signals/823039 If you want to test EA correctly in multi pairs mode please change magic number to 66666 White Peaks Expert Advisor  is a fully automated night scalper EA, based on machine learning and data mining analysis.  It has a   self adaptive   market al
499 USD
FrankoScalp MT5
Konstantin Kulikov
I have been developing, testing and correcting this automated scalping system for a long time:  https://www.mql5.com/en/signals/author/test-standart . Last settings for EA in the comment : #38 🛑  Telegram channel with news: https://t.me/EAFXPRO 🛑 Telegram group for questions and discussion: https://t.me/EAFXPRO_chat Highlights to pay attention to 1.  During live operation of the expert the GMT offset parameter is determined automatically based on local time of the computer (GMT_Offset_AUTO
280 USD
Portfolio X 10 eurusd
Mateus Botelho Mattos
EA with hundreds of unique strategies. Run multiple strategies simultaneously. Select your strategies and build your custom portfolio. Replace strategies anytime. Run multiple portfolios with this single EA. All strategies go through phases. Some strategies earn more profits than others. With Portfolio X running you can run multiple strategies so the profits of good strategies compensate for the losses in others, creating a smooth equity curve. Telegram Group for PortfolioX Members MT4 ve
499 USD
Bober Lannister MT5
Arnold Bobrinskiy
You  probably will not find millions profit in tester at  first look but you can get very good forward test results. It's much better to pay a bit more  for Ea which will cover it's cost and brings you income in the future. Don't waste your time and money on cheap and dangerous EAs without money management. Get Bober Lannister MT5 and new level of happiness. Bober Lannister  - is fully automated crossplatform (mt5/mt4) EA which was developed as a night scalper. However after numerous resear
1 200 USD
Predator EA eurusd
Alexandr Palkin
Automated Expert Advisor trading on a strategy based on the breakdown of support and resistance levels. The EA has an innovative signal filter and adaptive trailing stop. Always sets Stop Loss and Take Profit to protect the deposit. The adviser does NOT use: arbitrage, martingale, netting and the like. Recommendations Currency pair   "EURUSD". Timeframe : H1; Minimum deposit : $100; Account Type : ECN. Parameters Magic Number  - identification number of the EA order; Fractal Distances  - минима
450 USD
EA Morpheus MT5
Ruslan Pishun
Breakout based strategy, generates market entry signals when the price crosses a border of a certain price range. To create the strategy, we have used the history data with 99,9% quality for the last 15 years. The best signals had been selected and the false signals have been filtered out. The Expert Advisor performs technical analysis and considers only the breakouts that show the best result.   It uses a system of filtering false signals. The EA uses adaptive trailing stop. The EA uses a v
149 USD
EA Gold Stuff mt5
Vasiliy Strukov
EA Gold Stuff mt5   is an Expert Advisor designed specifically for trading gold. The operation is based on opening orders using the   Gold Stuff mt5   indicator, thus the EA works according to the "Trend Follow" strategy, which means following the trend. For Expert Advisor need hedge type account  Real-time results can be viewed  here . Telegram group  here  telegram channel  here  SETTINGS Open new series -  on / off beginning of a new series of orders. Start lots -  start lot. Trade Buy -  al
149 USD
Magic Score
Seyed Mohsen Zarghani
MAGIC SCORE Expert Advisor  is a fully automated forex trading robot designed to work on the most traded currency pair EURUSD. The strategy based on breaking through price levels and Market Time , each entry point is calculated using an advanced input filter based on the analysis of the movement of the price chart. The EA does not use grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allo
1 000 USD
DOIT Chill MT5
Ildar Kabirov
  ⭐️⭐️⭐️⭐️⭐️ DO IT CHILL MT5 - T his is a Secure Fully Automated Profit Making Software for EURUSD  ⭐️⭐️⭐️⭐️⭐️ 🚀 The architecture is a fully automatic Autonomous robot expert capable of 🚀 💰 independently analyze the market and make decisions 💰 LAUNCH PROMO: ONLY 9 COPIES OUT OF 10 LEFT AT $245! Next price:        $349 Final price:        $490 💎   NOT  Martingale! NOT GRID! Other Dangerous Strategies are NOT used!  💎   🔥    You can Additionally Contact me Instagram 🚀  🔥  🔥   SETTINGS f
245 USD
AW Scalping Dynamics MT5
Alexander Nechaev
Advanced trading on trend reversals. The EA does not use grids or martingale. But, if necessary, they can be used in the input settings. 3 types of notifications and position locking when the maximum basket load is reached. The default settings are recommended for EURUSD on the M15 timeframe. How the EA trades:   First of all, when trading, the current trend activity is taken into account (the "   Main Trend filter   " variable). The smaller it is, the higher the probability of a reversal and
395 USD
Harpia B3
Robson Santos
HARPIA B3 (Brazil Bolsa Balcao) is a Scalper  Expert Advisor. Main Contracts: Mini Index and Mini Dollar - WIN and WDO. Configuration Suggestions: HARPIA | B3 Settings Magic Number:  ID that must be changed if you want to install the Expert Advisor on different graphics, without interfering with each other, and behave as a single Expert Advisor. Max Spread By Tick Size:    2  by default. Larger spreads are not recommended because of the strategy. Lots Mode: you can choose between Fixed Lot or Au
222.97 USD
Bancomat
Vladimir Khlystov
The expert Advisor does not require configuration and optimization of parameters. At the same time, the expert Advisor trades on 20 currency pairs. The trading principle is hedging (insurance of transactions). Thanks to this principle, the EA does not enter large drawdowns. The regulation of profitability is achieved through changes in the lot. The minimum recommended Deposit is from 500 usd with a lot of 0.01. At the same time, the expected profit will be 7-15% per month. You can leave the oth
1 100 USD
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