Market / MetaTrader 4 / Utilities /

Exit Manager

50 USD

Demo downloaded: 61

Published: 6 March 2021

Current version: 1.13

Exit Manager

Utilities
Victor Christiaanse
Version: 1.13
Updated: 8 April 2024
Activations: 5

This Exit Manager will manage your orders to ensure you close the orders at the right moment. After you placed an order, the Exit Manager will close the trade based on YOUR conditions. It will also be able to trail your stoploss to reduce risk.

The features of this tool enables you to Set & Forget the trade. Place the trade, and the Exit Manager will continuously keep an eye on the trade and close it when the conditions are met.

The orders will be monitored and closed based on different conditions. You can specify which conditions you want to enable, and configure the settings for each. The following conditions are available:

Close at Cross of MACD Main and Signal line
Close at Cross of two Moving Averages
Close when RSI reached the Overbought / Oversold Level
Close when Stochastic Cross happened in Overbought / Oversold Level
Close when price touched a Moving Average
Close when price crossed a Moving Average

This Exit Manager is the perfect tool for users that don't have time to keep monitoring the trades that have been placed, and still can exit and close your trades based on your strategy. The Exit Manager is a fully automated trade management tool that take care of your trades.
It detects your manually opened trades immediately and manage them automatically.

The Exit Manager is even able to detect and manage orders which are opened by an Expert Advisor. Just specify the applicable EA Magic Number, and the Exit Manager will monitor your trades and close the orders based on the conditions you have enabled.

Features

Automated detection of new orders place manually or by a EA
Instant managing of new orders place manually or by a EA
Automated trailing stops
Many conditions available to specify when to exit and close your trades
Each condition is fully configurable
Close percentage of order can be set for each condition (in %, default is 100 = close 100% of the order)
Time frame can be specified for each condition separately
Each condition can be turned on or off
Works on all trading symbols like Forex, Crypto, Indices, Commodities, etc.

Parameters:

General settings:
Magic number: set to ' -1' to monitor all trades, '0' will monitor manual trades only, or enter the EA Magic Number to monitor the trades for a specific EA
Max slippage at closing

Moving Average settings:

Close with MA cross: If True, order will be closed if MA Cross occur
Fast MA Period
Slow MA Period
Time Frame for MA: Specify what time frame you want to use for the MA's
Moving Average Method for Fast MA
Moving Average Method for Slow MA
Moving Average Price for Fast MA
Moving Average Price for Slow MA
Close when price touched Fast MA: If set to True, it will close the trade when price has touched the fast MA
Close when price touched Slow MA: If set to True, it will close the trade when price has touched the slow MA
Close when price crossed Fast MA: If set to True, it will close the trade when price crossed the fast MA
Close when price crossed Slow MA: If set to True, it will close the trade when price crossed the slow MA

MACD settings:

Close with MACD Main/Signal cross: If True, order will be closed if MACD Cross occur
Time Frame for MACD: Specify what time frame you want to use for the MACD indicator
MACD Fast EMA averaging period
MACD Slow EMA averaging period
MACD signal period

RSI settings:

Close with RSI: If True, order will be closed if RSI enters Overbought / Oversold level
Time Frame for RSI: Specify what time frame you want to use for the RSI indicator
RSI Indicator Period
RSI Overbought Level
RSI Oversold Level

Stochastic settings:

Close with Stochastic: If True, order will be closed if Stochastic cross happens at Overbought / Oversold level
Time Frame for Stochastic: Specify what time frame you want to use for the Stochastic indicator
Stochastic K Period
Stochastic D Period
Stochastic Slowing
Stochastic Overbought Level
Stochastic Oversold Level

Trailing settings:

Enable Trailing: If True, the orders stoploss will be trailed
Number of pips to set to trail SL: This is the trailing distance between stoploss and price in pips
Trial SL with this steps in pips: This is the trailing step that will update the stoploss for each step

more...

H M 2022.09.28 11:17 #

Beginners focus on the "right time" to enter a trade. Advanced traders focus on the right time to exit a trade. This exit manager will take your trading to a new level. Keep in mind that there is no other EA out there that can do what this EA does. It is easy to use, but the impact is huuuuge. Thanks Victor!

689

Nicolas Dobrovsky 2021.08.11 12:12 #

Great exit EA. Creator responds quickly. The combination of multiple indicators is great. There are many combinations of how to use this EA. I have not found any similar EA exit on the market. I definitely recommend

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This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. You never have to miss a trade opportunity! This indicator is designed to scan all pairs and symbols, for all time frames, to find a cross of the MACD main and signal line. MACD Definition The

30 USD

This scanner is monitoring the entire market for Ichimoku trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. You never have to miss a trade opportunity! This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a Tenkan and Kijun Cross or a breakout of the Ich

30 USD

Keyboard Trading Open and Close orders with your keyboard. This tool allows you to open and close orders with your keyboard. As opening and closing orders with your keyboard is faster than with your mouse, this tool is very useful for Scalpers. How does it work? If you press the key "b", it will open a buy order with lot size, SL and TP as specified in the settings. If you press the key "s", it will open a sell order with lot size, SL and TP as specified in the settings. If you press the key "c

FREE

If you use Resistance and Support Trendlines in your trading, this tool will be very useful for you! The Trendline Trading EA is a smart and easy tool to helps you in your trading using trendlines on your chart. Just create a trendline for the Resistance and Support, and the EA will create pending orders when the price touch the trendline. The following orders will be created when the price touch the trendline: Pending order in case the price breaks the trendline Pending order in case the price

45 USD

This indicator is designed to scan all pairs and symbols, for all selected time frames, to find a cross of moving averages. The 4 Moving Average Strategy The scanner has 4 moving averages: - 2 moving averages to define the trend - 2 moving averages are used to find the right moment to send an alert If the fast trend MA is above the slow trend MA, than it is considered as a bullish market and it will only provide bullish alerts. If the fast trend MA is lower then the slow trend MA, it is consi

30 USD

This scanner is monitoring the entire market for trade opportunities for all symbols and for all time frames. You don't have to look to all the charts, for all symbols and for all time frames. This scanner will alert you on your computer, or on your mobile, when a trade opportunity has been found. You never have to miss a trade opportunity! This indicator is designed to scan all pairs and symbols, for all selected time frames, to find an Engulfing Candlestick Pattern. Features The scanner wi

30 USD

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H M 2022.09.28 11:17 #

6012

Reply from developer Victor Christiaanse 2022.09.28 13:57 #

Many thanks for your review, much appreciated! You are spot on! Very true and exactly why I build the Exit Manager! Many traders close trades way too early.

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Nicolas Dobrovsky 2021.08.11 12:12 #

6012

Reply from developer Victor Christiaanse 2021.08.11 16:53 #

Thank you for your review. Glad to hear it helps you in your trading!

Version 1.13 2024.04.08

Small bug fix

Version 1.12 2022.10.24

Small bug fix

Version 1.11 2022.10.23

Bug fix and code performance

Version 1.10 2022.10.16

Small bug fix

Version 1.9 2022.10.16

Added the possibility for partial closing of your trades for all Closing Signals available within the Exit Manager (including all Moving Average related Closing Signals)

Version 1.8 2022.10.05

Small bug fix

Version 1.7 2022.10.05

Added the option to close MA related closing signals at new bar only.

Version 1.6 2022.10.03

Resolved bug fix

Version 1.5 2022.08.24

New feature added: Ability to specify percentage of order that will be closed for each condition. Default is 100, which means 100% of the order will be closed if the condition is met.

Version 1.4 2022.07.04

Option added to add a Stoploss if Stoploss is empty.

Version 1.3 2021.09.18

Added the RSI Applied Price to the settings, so it gives more flexibility to configure to personal preference.

Version 1.2 2021.07.31

Small bug fix

Version 1.1 2021.03.10

Small bug fix