• Overview
  • Reviews (4)
  • Comments (2)
  • What's new

My Money Manager Demo

My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.

It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.

With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and professional work now.

This tool is the money manager part that split from Auto Trade Driver: https://www.mql5.com/en/market/product/4217

Note: This demo version works on CADCHF symbol only. The full version can be found here: https://www.mql5.com/en/market/product/5398


Highlight Features

  • Calculate exactly the volume that meets your desired stop loss risk (% of balance), including the commission fee charged by a broker.
  • Allow drag-and-drop EP/SL/TP level directly on chart to preview before placing orders.
  • Provide one-click-trading for all types of orders.
  • Keep reporting about estimated SL/TP levels when an order is opening.
  • Real-time control panel.
  • Restore previous settings after shutdown or power-off.


Setting Parameters

  • Commission Setting (Menu): Set how your broker charges commission per lot traded. This factor is important to calculate the required volume that meets your stop loss risk.
    • Commission Type: This is how your broker charges commission. It is "Account currency" if commission is charged on account currency unit, and "Base currency" if commission is charged on base currency of a trading pair.
    • Commission Per Lot: The amount of currency units charged as commission for a round turn standard lot. If your broker/account type does not charge commission, just leave this value as zero.
  • Stoploss Risk: The risk percentage that you accept to lose if stop loss occurs.
  • Est. Loss+Commission: The total loss you will incur at stop loss point. This total loss amount includes order's loss and order's commission.
  • Order Type: Choose the order type that you want to take place.
  • Order Comment: Note for your order as regular MT4 order's comment.
  • Magic Number: You can enter a custom magic number to identify your order for further use.
  • Set SL/TP By: Choose how to set Stop loss/Take profit point. It is "Price" if you want to set SL/TP by a certain price value, "Distance" if you want to set them by a distance from the entry point.
  • Adjustment Step: Increase/Decrease space of the price adjustment when using Increase/Decrease arrow button.
  • Stoploss/Takeprofit/Distance: Value to determine the Stop loss/Take profit point. Setting Stop loss point is mandatory to calculate appropriate volume (you may remove Stop loss later if you want, but need to enter a value to calculate volume and place order). Leave Take profit as zero means setting an order without take profit.
  • Order Dragging feature: When you are setting EP/SL/TP on the control panel, you will also see that there are horizontal lines with corresponding levels on the chart. You can select those lines and drag them to adjust order EP/SL/TP. Due to these levels, order type will be auto selected.
Reviews 4
John Brennan
967
John Brennan 2019.08.29 11:17 
 

Great trading panel but it's a real shame we are unable to change the font color for the TP/SL levels on the chart. This is OK if you have a dark background but if you like white or light color its not easy to see the information

bertbaker
45
bertbaker 2018.05.30 10:41 
 

good but fix error zero divide in Ea ! thanks

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Cluster analysis of volumes is now available in MetaTrader 4! The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. There are 6 criteria of cluster generation: Time interval , the criterion is set in seconds. Price range , the criterion is set in points. The current cluster is closed when the deal price goes beyond the specified price range. In that case, the current deal is included in the current cluster, while the n
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Fibo Alert Ultimate
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ISO Financial Services
This tool adds alerts to your Fibo Retracement and Fibo Expansion objects on the chart. It also features a handy menu to change Fibo settings easily and quickly! Features Alert for Fibo Retracement and Fibo Expansion levels. Sound, Mobile and Email alert. Up to 20 Fibo Levels. Continuous sound alert every few seconds till a user clicks on the chart to turn it OFF. Single sound alert with pop-up window. Keeping all user settings even after changing timeframes. New handy menu to change Fibo sett
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KopirMT4 Copy trades for MT4
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Alexandr Gavrilin
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Forex Trade Manager MT4
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InvestSoft
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Ultimate No Nonsense Backtester
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I Kai Wu
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Draw Horizontal Ray
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JUAN LUIS CIENFUEGOS RUIZ
Sometimes we want to draw a horizontal ray from any given price based on a candlestick, and this tool solves that with just 1 key! In order to draw an horizontal ray you just need to drag and drop the indicator over any chart you want and then: 1) Click over ANY candle and then 2) Hit any of the following keys: O - It will draw an horizontal ray right at the OPEN price of the clicked candle H - It will draw an horizontal ray right at the HIGH price of the clicked candle L - It will draw an horiz
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TPSpro Risk Manager
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Roman Podpora
TPSpro Risk Manager is a unique professional risk control system for traders with any skills level and any capital. TPSpro Risk Manager is especially useful for risk management during scalping and intraday trading, however it suits all trading styles. The risk manager is available to anyone at an affordable price. It helps to avoid large losses and serious trading errors. The panel has three columns containing useful information. The first column contains the information about the account state
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Trend Line Optimizer
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This is an automatic parameter optimizer for the Trend Line PRO indicator:  https://www.mql5.com/en/market/product/36087 You can easily and quickly select the optimal parameters for your favorite Trend Line PRO indicator. Optimization takes only a few seconds. After testing, the parameters can be saved to a ready-made set file in the folder: MQL4>Files>TrendLineOptimizedSettings Then this set file can be used for the   Trend Line PRO   indicator User's manual:  https://www.mql5.com/en/blo
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Filter:
John Brennan
967
John Brennan 2019.08.29 11:17 
 

Great trading panel but it's a real shame we are unable to change the font color for the TP/SL levels on the chart. This is OK if you have a dark background but if you like white or light color its not easy to see the information

Matthew Todorovski
13295
Matthew Todorovski 2018.06.16 10:43 
 

User didn't leave any comment to the rating

bertbaker
45
bertbaker 2018.05.30 10:41 
 

good but fix error zero divide in Ea ! thanks

NewWin
236
NewWin 2014.08.12 13:40 
 

User didn't leave any comment to the rating

Reply to review
Version 1.77 2021.04.04
- Fixed: Auto-save Risk:Reward setting.
Version 1.76 2021.01.05
- Improved: Code optimized.
Version 1.75 2021.01.04
- Fixed: Minor bugs.
Version 1.74 2020.05.28
- Fixed: Set millisecond timer issue.
Version 1.73 2019.08.26
- Changed: Keep previous parameters after placing orders.
Version 1.72 2019.01.23
- Improved: Allow open multi-positions if calculated lot size is bigger than maximum lot size.
- Changed: Remove default order comment (AutoFxPro.com)
Version 1.70 2017.03.10
- Improved: Optimize the calculating functions.
Version 1.69 2016.07.20
- Fixed: Show correct information for Buy Stop/Limit order on the chart.
Version 1.68 2016.06.13
- Improved: OnChartEvent() function is adaptable with MT4 version 4.00 build 971 (7 Jun 2016).
Version 1.67 2016.01.20
- Fixed: Invalid trading volume if lotsize step was larger than 0.01.
Version 1.66 2016.01.08
- Fixed: Correct calculation for account with exotic balance currency.
Version 1.65 2015.09.30
- Fixed: Fixed eternal loop if click Buy/Sell when AutoTrading is disable.
Version 1.64 2015.09.16
- Fixed: No freeze and looping alert anymore when clicking Buy/Sell at closed market.
Version 1.63 2015.05.08
- Improved: Increase lotsize calculating for exotic pairs.
- Improved: Only show trading symbol in Market Watch if necessary.
Version 1.62 2015.04.29
- Added: Risk/Reward Ratio adjustment.
- Improved: Support for exotic currency account.
- Improved: Support for CFD, Indexes instruments.
Version 1.60 2015.04.09
- Improved: Retrying to open orders/positions until success.
Version 1.59 2015.03.27
- Fixed: Agressive alert informing AutoTrading feature.
Version 1.58 2015.02.03
- Fixed: Force to display all graphic objects to the front of the chart. They could be hidden at few low RAM computers with previous version.
Version 1.57 2015.01.16
- Fixed: Expert Advisor's status message correction.
- Fixed: Eliminate potential zero divides.
Version 1.56 2015.01.06
- Fixed: Correct TP point adjustment after placing order in some cases.
Version 1.40 2014.12.03
- Fixed: Mistaken TP point with zero value.
Version 1.35 2014.10.30
Improved: Better adjustment in fast moving market.
Version 1.25 2014.09.02
Fixed minor bugs.