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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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Price: $250 8 of 10 copies left at this price Next price $300 Live signal:   https://www.mql5.com/en/signals/954082     >>>>   Settings file with a Stop Loss Telegram channel:  https://t.me/aura_gold_ea Aura turbo is a unique grid expert based on deep machine learning, hyperparameter search technology. In machine learning, hyperparameter optimization or tuning is the problem of choosing a set of optimal hyperparameters for a learning algorithm. A hyperparameter is a parameter whose value is use
250 USD
Wild Side MT5
Wild Side MT5
Marat Baiburin
There are only 3 copies left out of 5 at the price of 199$ The next price is 299$ Final price 2000$ Live monitoring of the Wild Side  https://www.mql5.com/ru/signals/962021 Demo  monitoring of the Wild Side  https://www.mql5.com/ru/signals/956622 MetaTrader 4 version   https://www.mql5.com/ru/market/product/64857 Wild Side  is a fully automatic expert Advisor for trading on the night Forex market .  It does not use martingale, grid, or other "toxic" methods. Each trade is accompanied by a
199 USD
Aint No Trend MT5
Aint No Trend MT5
Evgeniy Scherbina
Ain't No Trend is a neural advisor trained to trade with major symbols. Signal:  https://www.mql5.com/en/signals/945865 If your symbols have a suffix (ex: EURUSD_i), you should set the value of Suffix accordingly. Otherwise the advisor will not work. The advisor uses target levels incorporated in its body. You cannot change them because they were part of the training process. You can set your stoploss. Attention! The advisor is only for hedging accounts. The advisor Ain't No Trend uses an H4 ti
185 USD
London Pride EA MT5
London Pride EA MT5
Dmitrii Golubev
Live Signal   https://www.mql5.com/en/signals/943594     Telegram Channel     https://t.me/Successful_Forex_EA      Recommended VPS:  https://ruvds.com/pr5256     Recommended Broker:  https://ru.weltrade.com/?r1=ipartner&r2=36541     London Pride is a high-end, totally automated Expert Advisor specifically devised to trade with GBPUSD currency pair. It is ideal for working on M15 timeframe. The EA uses sophisticated machine learning and self-adaptive algorithms to bring your
499 USD
Hippo Trader Pro MT5
Hippo Trader Pro MT5
Michela Russo
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 Receive it, Please Contact me by  mql5 mess
299 USD
TrendLine GRID
TrendLine GRID
Evgenii Aksenov
One Copy left for $349 !!! Next price $399   Monitoring deals:     here         Our programs :   here            Subscribe to our  Telegram Group   This is a grid EA based on the signals of the Trend Line PRO indicator:  https://www.mql5.com/en/market/product/42399  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
345 USD
AW Swing Trading EA MT5
AW Swing Trading EA MT5
Alexander Nechaev
An advanced tool for swing trading on corrective price movements. It works on trend rollbacks in the direction of its continuation, the size of the required correction is determined by the current volatility of the instrument or manually by the trader. After detecting a correction along the current trend, the EA waits for a signal to complete the correction and continue the trend, after which it opens a position. Instructions on how the advisor works -   https://www.mql5.com/en/blogs/post/742819
395 USD
NightVision MT5
NightVision MT5
Alexander Kalinkin
NightVision EA MT5  - is an automated Expert Advisor that uses night scalping trading during the closing of the American trading session. The EA uses a number of unique author's developments that have been successfully tested on real trading accounts. The EA can be used on most of the available trading instruments and is characterized by a small number of settings and easy installation. Live signal for NightVision EA:    https://www.mql5.com/ru/signals/author/dvrk78 Recommended FX broker :  IC M
349 USD
FrankoScalp MT5
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 : #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: USDCHF, EURCHF, CADCHF, USDCAD, EURUSD, EURGBP, EURAUD, EURCAD, GBPUSD, GBPAUD, GBPCAD, NZDCAD, NZDUSD, AUDUSD, AUDCAD, AUDJPY, CHFJPY
397 USD
Double Impact mt5
Double Impact mt5
Evgenii Aksenov
One Copy left for $299 !!! Next price $399  Monitoring deals:     here         Our programs :   here        Subscribe to our  Telegram   We would like to introduce an Expert Adviser for two popular indicators  TrendLine PRO :   download     and  Profit Zone :     download      The main advantage of this EA is the presence of a trading panel that allows you to control the direction of trade (only BUY/only SELL or any direction) and possibility to trade in the Manual mode using BUY/SELL a
249 USD
Sun AI MT5
Sun AI MT5
Arthur Hatchiguian
Sun AI  is an aggressive  scalper  that uses an algorithm generated by my own  machine learning  system.  It was built on more than 10 years of EURUSD history, which makes it reliable and accurate . The EA uses a  martingale system  to close positions. An  autolot & a security system  are integrated.  Current price  199 $ . Next price:   299$    ️  This EA only works for EUR/USD M1 ️ Recommended Broker :  ICMarkets The minimum deposit is  300$ (be careful to convert correctly for other
199 USD
True Range Pro MT5
True Range Pro MT5
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Easy to use & ready to go 2014-2020 99% tick quality optimized & backtesed True Range Pro MT4 >>  https://www.mql5.com/en/market/product/54575 Set files   https://www.mql5.com/en/blogs/post/726783 Monitoring   True Range MT5  (True
495 USD
Panoptic Dragon MT5
Panoptic Dragon MT5
Aleksei Krasov
"Panoptic Dragon" is a high accuracy automatic trading solution. Expert is easy to set up and is suitable for both  experienced traders and beginners . Only one trade at a time. Every trade has Stop Loss and Take Profit from very beginning, and they do not change. This robot enters the market during the London Stock Exchange (LSE).  It is based on renko patterns, levels support and resistance, channel indicators with different periods and daily moving average.  The direction is determined on the
599 USD
Red Hawk MT5
Red Hawk MT5
Profalgo Limited
ONLY 1 COPY LEFT AT 349$ NEW PRICE: 399$ Red Hawk is a "mean reversion" trading system, that trades during the quiet times of the market. It runs on 9 pairs currently: EURUSD, GBPUSD, USDCHF, EURCHF, EURGBP, AUCAD, AUDJPY, EURAUD and USDCAD. Recommended timeframe: M5 Recommended for HEDGING MT5 account types only! Since this kind of strategy works best with low spread and fast execution, I advise using an good ECN broker. Recommended broker:  ICMarkets.com  or   Alpari.com Recommended VP
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
97 USD
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