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Advanced Trade Manager EA

Introduction: This EA is a Trade Manager which Utilizes the ATR Indicator and an Exit Indicator of your choosing. It works in any Asset Class and best used on Higher Timeframes however can be used on any timeframe if Parameters are set correctly. 

Advantages: 

  • Exit Trade without hitting Stop Loss via Pre-Exit Indicator. This will result in smaller losses leading to increased capital preservation.
  • Using the ATR will take into account the market volatility allowing TP and SL to be set in appropriate positions. 
  • Trade manager will allow for Trades to be managed Optimally. 
  • Flexibility and Versatility regarding how you want to mange your Trade.

All Functions Explained: 

ATR Period: This is the current Period you chose to Input

ATR Time Frame:  The Chosen timeframe where the ATR period Value will be taken from. It will only work on the timeframe you set, no other. IF set "current" it will work only on the timeframe that you have selected on MT4. 

(Settings above only relevant on functions Set "ATR Multiplier")

TP and SL Type: You can either have the ATR multiplier or set a Pip value. The ATR multiplier will times the current ATR value by the amount you set e.g. Current ATR Value = 0.0017 pips x 2.0, TP or SL = 34 Pips. 

Take Profit and Stop Loss (TP & SL): This is your Take profit and Stop Loss. Set the appropriate Values you want as your TP or SL. 

Enable Breakeven: This will depend whether your Trailing stop will Move SL to the Entry Point or Above the Entry Point. (Explained Further below and Via Video) 

Breakeven (BE): Select where you want to breakeven IF price moves in the positive to that BE Target e.g. BE = 20 Pips, IF Price moves 20 Pips in your favour then the EA will move SL to breakeven. 

Trailing Stop Target (TST):  Set where/when you want your "Trailing Step" to start moving Stop Loss e.g. IF price moves 20 Pips or 1x ATR above price move Trailing Step 5 Pips. 

Trailing Interval (TI): After "Trailing Stop Target" is reached you can set how far price has to move further in order for "Trailing Step" function to keep moving SL further into Profit. 

Trailing Step (TSt): This is how much your SL moves from Current Position to Next Position 

Example Parameters/Scenario: TST = 20 Pips , TI = 10 Pips, TSt = 5 Pips. IF price moves 20 Pips in your favour, TSt will move SL 5 Pips. IF price continues 10 Pips more above the TST which = 20 Pips the TS will move another 5 Pips and will do so every 10 Pips until Take Profit is taken. However you don't have to Set TP, you can wait until your indicator Exits you out of the Trade. 

(Important Note: Selecting "Enable Breakeven" will move TS beyond Entry Point and "Disabling Breakeven" will Trail SL to the Entry Position. 

Pre-Exit Indicator: Enter the Name of the indicator that works and is compatible with the Trade Manager.  The Name you must enter should be identical to how it is spelt on the Navigator Panel. 

Indicator Timeframe: The Indicator will only work on the Selected Timeframe or the Current Timeframe. It is recommended to Set a fixed Timeframe on all available "Timeframe functions." 

Parameter Functions: Before entering your values you have to determine what values is integer, float or a string.  i: - for integer values; d: - for floating-point values; s: - for strings. You have to enter the appropriate letter that corresponds to the correct number type. 

To Find which is integer, float and string you have to identify the symbols. On each Indicator a Symbol will appear to the Left of it. Direct yourself to the screenshot provided in order to know the relevant symbols.

Buffer Function: Every Indicator will have buffers that indicate a Buy or a Sell. If the Buffers are wrong it will not exit you out of trade. If they are switched around they will exit you out of trade right after Entering.

Exit Type: Determine what your indicator does e.g. Change Colour, Line Cross or Cross above Certain Level 

Exit Level: Enter Level you want to Exit at. Indicators which requires line to cross level are not recommended e.g. stochastic, use at own desecration. 

My Own Personal Settings: 

  • Pre-Exit Indicator: Mega-trend
  • Indicator Timeframe: 4HR
  • Parameter1: i: 20  
  • Parameter2: i: 1 
  • Parameter3: (Leave Blank if not Required)
  • Parameter4: (Leave Blank if not Required)
  • Buffer 1: 1
  • Buffer 2: 2
  • Exit Type Long Trades: Colour 1 change to Colour 2 
  • Exit Type Short Trades: Colour 2 Change to Colour 1 

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Evgenii Aksenov
5 (4)
This utility will allow you to copy any trades from one terminal with the Master setting to other terminals with the Slave setting At the same time, you can choose which pairs to copy, set the size of the copied order by several parameters. Set the limit losses by DrawDown or copy only profitable trades You can copy deals from MT4/MT5 to MT4/MT5 other brokers Now it will not be difficult to copy the signals of any Expert Advisor working in MT4 to the MT5 terminal or back Use Copy Master to copy
49 USD
Take control of your forex portfolio. See instantly where you stand, whats working and whats causing you pain! MT5 VERSION AVAILABLE HERE:  https://www.mql5.com/en/market/product/58658 The Trade Manager Dashboard is designed to show you at a glance where each position you have in the forex market currently is, and make risk management and exposure to currencies easier to understand. For traders that scale into the market gradually with multiple positions or those trading grid and basket strate
49 USD
Grid Manual MT4
Alfiya Fazylova
4.73 (15)
Grid Manual is a trading panel for working with grid strategies. The utility is universal, has flexible settings and an intuitive interface. It works with a grid of orders not only in the direction of averaging losses, but also in the direction of increasing profits. The trader does not need to create and maintain a grid of orders, the utility will do it. It is enough to open an order and the Grid manual will automatically create a grid of orders for it and will accompany it until the close. The
50 USD
RiskManager
Roman Zhitnik
5 (2)
The Expert Advisor is a risk manager helping users to control their trading. In the settings, it is possible to specify the parameters at which the risk manager force closes the opened trades and closes the terminal as well, if it is needed to prevent opening trades on emotions, which do not correspond to the trading strategy. Link to Version for MetaTrader 5  Risk Manager settings Check limit to close   - check the equity limit Limit to close   - equity limit that is taken into account Check d
59 USD
Telegram MT4 Signal Trader
Nguyen Van Anh
4.86 (57)
Telegram MT4 Signal Trader  is an EA that helps you trade signals receiving via Telegram channels/groups that allow the members to copy/forward messages. WARNING Please check by trying to copy/forward the messages in your signal channel/group, if you can't do, it means this system can't work with the channel/group. This system doesn't work on Mac OS. However, you can run the system on Windows emulator on Mac OS You even don’t need to be the owner of the channels. If you can read the signal t
199 USD
Trading History MT4
Siarhei Vashchylka
Trading History - A panel for trading on the history of quotes in strategy tester . It involves working with pending and immediate orders, equipped with trailing stop, breakeven and takeprofit functions. It is an analogue of the panel for real trading Trading Helper . Attention! The demo version only works on the GBPJPY currency pair Before starting trading, it is recommended to choose the method of calculating the trading volume that you will use. % - If this button is pressed, the program
79 USD
Unlimited Trade Copier Pro is a tool to copy trade remotely between multiple MT4/MT5 accounts at different computers/locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal
299 USD
Easy Trade Manager
Anoop Sivasankaran
4.86 (36)
New version with Panel updated..! (Thank you users for all your great feedback!) - 2023 version is under development ! Enter the Risked Amount or Lot size or % of Balance (New!) Drag the RED line on the chart to fix the Stop-Loss. Drag Blue line (New!) for Limit/Stop orders automatically ! Adjust TP1, TP2 and TP3 lines You are ready to Buy/Sell > Adjust the lines even after the trade - New! Check the user video - https://tinyurl.com/etmmt4ea Automatic Breakeven TP1/2 | Book Part/Partial Pro
50 USD
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