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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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Attention: this is a multicurrency EA, which trades by several pairs from one chart!  Therefore, in order to avoid duplicate trades, it is necessary to attach EA only to one chart, ---> all trading in all pairs is conducted only from one chart! Now activated the Lowest Price for this EA ($1250 ---> $395), details here .  Only 10 copies will be sold at the minimum price  ---> 6 LEFT . Carousel_Triple_Correlation is a powerful tool that has no analogues on the market, and possibly the only automa
395 USD
Euro Master MT5
Euro Master MT5
Stanislav Tomilov
Price: $499 3 of 10 copies left at this price Next price $599 RECOMMENDED BROKER Live signal #1  https://www.mql5.com/en/signals/866039 Live signal #2   https://www.mql5.com/en/signals/966734 Telegram channel:  https://t.me/aura_gold_ea Euro Master is an advanced, fully automated Expert developed to trade with EURUSD. Expert uses unique artificial intelligence technology for market analysis to find the best entry points. EA contains self-adaptive market algorithm with reinforcement learning ele
499 USD
PipFinite Sequence EA MT5
PipFinite Sequence EA MT5
Karlo Wilson Vendiola
100% Auto EA Combining High Probability Trend Setups + Reversal Filter + Multi Timeframe Analysis. The EA uses a dynamic & adaptive grid strategy that always closes the basket of trades in a net positive profit. Sequence EA is not sensitive to spreads and slippages because exit targets are smartly adjusted to ideal levels. Real Account Monitoring Signal 1 https://www.mql5.com/en/signals/995610 Signal 2 https://www.mql5.com/en/signals/901171 User Manual + Settings + Private Telegram
288 USD
Panda Night MT5
Panda Night MT5
Jiang Ming Wang
Panda night The system looks for signs of reversal, in hours when the market is not strong and the risk of high movements is low. Panda Night MT4 : https://www.mql5.com/zh/market/product/65702 https://www.mql5.com/zh/signals/985821 https://www.mql5.com/zh/signals/985826 The system has the ability to work well with many symbols, and the correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk. The EA is very easy
199 USD
TrendLine GRID
TrendLine GRID
Evgenii Aksenov
Promo price: $150 !!! Final price: $795       User's Manual:   here           Live signals:     here            Our programs :  here            Subscribe to our  Telegram This is a grid EA based on the signals of the  Trend Line PRO mt5 indicator for hedge accounts Trend Line GRID EA   trade the first order based on the indicator signal and builds a grid if the price deviates. After a certain number of orders, the DrawDown Reduction function is enabled, which reduces the most unpro
199 USD
FrankoScalp MT5
FrankoScalp MT5
Konstantin Kulikov
CURRENTLY AT 40% DISCOUNT OF FULL PRICE Offer: Only 9 of 10 copies of this EA will be sold at the current price. Full price: $397 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 : #79   Telegram channel with news: https://t.me/EAFXPRO Telegram group for questions and discussion: https://t.me/EAFXPRO_chat Currency pairs for which sets are developed
238 USD
PipFinite Trend Grid EA MT5
PipFinite Trend Grid EA MT5
Karlo Wilson Vendiola
The Official "GRID EA" Using  PipFinite Trend PRO A Smart Trend Following EA Using Trend Pro Indicator Signals In A Unique Grid Strategy. Trend Grid EA takes the signal of Trend Pro Indicator on the first trade and builds succeeding trades as the move goes againt it. The innovative grid algorithm manages each position to ensure every basket is closed in a net positive profit. Real Account Monitoring Signal 1 using basic sets https://www.mql5.com/en/signals/995778 Signal 2 using basic se
188 USD
VR Smart Grid MT5
VR Smart Grid MT5
Vladimir Pastushak
VR Smart Grid is a multi-functional Expert Advisor for MetaTrader terminals that allows you to trade using an order grid. The Expert Advisor algorithm makes it possible to build smart grida both with the trend and against the trend. Signal of the Expert Advisor working on a real account Monitoring Trading with the trend is structured in such a way that each new order is opened only if the previous order has a Stop Loss in the profit zone. Trading against the trend is conducted in order to clos
199 USD
Hippo Trader Pro MT5
Hippo Trader Pro MT5
Michela Russo
30% discount only today (299 -> 199) Hippo Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian and European Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Another EA ! (All future updates included) -> To Recei
199 USD
Kyoto MT5
Kyoto MT5
Ruben Octavio Gonzalez Aviles
Kyoto is a steady and dynamic algorithm with more than 98% profitable trades in a historical backtest. It usually opens multiple trades per week and closes them mostly within the same day.   Introductory offer: Only the next 3 copies of this EA will be sold at the current price.  The price will increase after this threshold. NO m artingale, smart recovery, grid trading or averaging in this algorithm.Be careful with such methods as they can quickly wipe out your portfolio. Recommended Bro
249 USD
GridMartin Conqueror MT5
GridMartin Conqueror MT5
Konstantin Kulikov
A copy of the " GridMartin Conqueror " Expert Advisor:  https://www.mql5.com/en/market/product/32758 The best sets for currency pairs: GBPUSD, GBPCAD, EURJPY (timeframe М1). Download sets in comment   #5:  https://www.mql5.com/en/market/product/64329#!tab=comments&page=1&comment=22166007 Monitoring:  https://www.mql5.com/en/signals/author/test-standart   Telegram channel with news:   https://t.me/EAFXPRO   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Highligh
197 USD
First Scalper MT5
First Scalper MT5
Kyra Nickaline Watson-gordon
First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA  don't need any professional information or Forex Trading Knowledge. First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author. Free Version is available : First Scalper Free MT5 Using EA :
250 USD
Absolute FX MT5
Absolute FX MT5
Smart Forex Lab.
99.5% proven profitable trades!*  Absolute FX - the "no-loss"* scalping strategy based on reversal patterns. No grid, no martingale, no ..., no ... Just pure price action trading system. The maximum win rate* is achieved when trades follow the trend, SMA and Bollinger Bands can be used to determine the direction. Be in touch  >>   Telegram channel Absolute FX MT4 EA >>  https://www.mql5.com/en/market/product/66004 *99,5% win rate is based on the backtests in 2015-2020. Past performance is
295 USD
Dsc Price Action EurUsd M5 Hedge Full
Dsc Price Action EurUsd M5 Hedge Full
Diogo Sawitzki Cansi
ONLY 10 COPIES AT $499! After that, the price will return to  $999 To run the backtest correctly, download the set's on our drive: https://drive.google.com/drive/folders/1yFz4tJbJwl71_T3YU7f8fqHBoq0aYMsi?usp=sharing The expert DSC PRICE ACTION EURUSD was created for the EURUSD asset in the M5 time under Hedge account. It´s a Expert to leverage the account quickly. It is a high hit rate and with that wen take advantahe of Forex leverage to multiply capital. To use the Expert correctly, type diogo
499 USD
Swiss MT5
Swiss MT5
Nadezda Bogacheva
SWISS  is a fully automated Price Action expert adviser designed to trade   Gold(XAUUSD) ,   EURUSD   and   USDCHF  >>>>>>>>>>>>>>>>>>>>    65% discount (999 USD >>> 349 USD) , special for the   Next 10 buyers (2 left)        <<<<<<<<<<<<<<<<<<< Normal price $999 SUGGESTED BROKER FOR SWISS Telegram channel  https://t.me/NeuralEngineEA What is Price Action? Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, co
349 USD
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Trade Manager Pro
Trade Manager Pro
Imran Hingora
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 3 options to take care of that: Manage all trades and ri
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