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XP Forex Trade Manager MT5

4.33

Forex Trade Manager MT5 simplifies managing open orders in MetaTrader 5. If you open a new order, the manager automatically sets Stop Loss and Take Profit. When price will move, then the program could move Stop Loss to Break Even (stop loss = open price) or continuously moving Stop Loss (Trailing Stop) to protect your profits. Forex Trading Manager is able to control orders for only current symbols (where EA works) or for all opened orders (regardless symbol) and hide the Stop Loss and Take Profit from brokers. It’s a strategy for management of opened manual trades (opened on all symbols or only current chart’s symbol) by:

- setting StopLoss and/or Take Profit for the trades in pips
- Trailing Stop function which trail SL by the price
- Break Even which move SL to BE on chosen distance

SL/TP can be managed by the broker (standard way) or in stealth mode – hidden from the broker. 

Parameters:
“SLTP Params”
Stop Loss – stop loss in pips for trade
Take Profit – take profit in pips for trades

“Break even”
UseBreakEven (true/false) – allowing to use only break even function for opened trades
BEActivation – profit in pips when break even function is activated
BELevel – additional distance from BE in pips when SL is placed by break even function

“Trailing Stop
UseTrailingStop (true/false) – allowing to use only trailing stop function for opened trades
TSStart – profit in pips when trailing stop function is activated
TSStep – minimum difference in pips between new and current SL to allow  to move SL by trailing stop function
TSDistance – distance from current price in pips when SL is placed by trailing stop function

“Behavior”
StealthMode(true/false) – hide sl/tp levels from the broker and EA is closing trades on those levels programmatically
OnlyCurrentPair(true/false) – allow management of trades only from current chart’s symbol (true) or from all pairs (false)

Info:
All parameters for trades and functions are settable in the parameters of the EA. The Forex Trade Manager also display on the chart an information about the current daily profit/loss in pips and account currency. You will also receive instructions in pdf format with all detailed descriptions of each function.

Reviews 6
65638263
695
65638263 2024.06.12 03:02 
 

lo estoy provando, se ve prometedor muchas gracias

ZC Zhou
62
ZC Zhou 2023.10.23 11:51 
 

非常棒的工具

Shifu987 Jingshen
190
Shifu987 Jingshen 2023.02.24 11:30 
 

Marzena, I’ve been looking for this tool for a month, super simple and easy to use and it’s really makes a difference in MT4/MT5. The other trade managers have so many functions. I end up going into brain lock! L O L this is super simple and easy, thank you for providing this great tool. Also, your other products are top notch. Thank you for all your expertise. Cheers.

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65638263
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65638263 2024.06.12 03:02 
 

lo estoy provando, se ve prometedor muchas gracias

Marzena Maria Szmit
39068
Reply from developer Marzena Maria Szmit 2024.06.12 12:18
You are welcome, thank you👍📊
zvezdell
14
zvezdell 2024.05.13 17:31 
 

не работает

Marzena Maria Szmit
39068
Reply from developer Marzena Maria Szmit 2024.05.14 19:32
It works for several thousand users who use it every day here. You are welcome👍📊
ZC Zhou
62
ZC Zhou 2023.10.23 11:51 
 

非常棒的工具

Marzena Maria Szmit
39068
Reply from developer Marzena Maria Szmit 2024.04.22 13:59
You are welcome, thank you👍📊
Trading Indian
1399
Trading Indian 2023.08.04 13:26 
 

Marzena, I have been using your Trade Manager for one week now. This is what I call simplicity at its best. No fancy panels nothing. Just simple, effective, reliable trade manager. I always believe, to be successful in trading, the simpler you are the better you get. I have only one issue with the trade manager which I am sure you can solve easily. If I have a trade open and I have selected StealthMode, your Expert draws lines at stop loss and TP which is good. However, for any reason, if I close the trade manually before it hits SL or TP, the lines for those trades remain on the chart and I have manually remove them. It would be great if add a small routine which checks if the ticket related to the lines is still open and if it is not open then remove those lines. But, overall, great job and I can't believe that you are not charging for this. It is definitely worth a few dollars. Thanks...

Marzena Maria Szmit
39068
Reply from developer Marzena Maria Szmit 2023.10.23 13:22
You are welcome, thank you👍📊
Shifu987 Jingshen
190
Shifu987 Jingshen 2023.02.24 11:30 
 

Marzena, I’ve been looking for this tool for a month, super simple and easy to use and it’s really makes a difference in MT4/MT5. The other trade managers have so many functions. I end up going into brain lock! L O L this is super simple and easy, thank you for providing this great tool. Also, your other products are top notch. Thank you for all your expertise. Cheers.

Marzena Maria Szmit
39068
Reply from developer Marzena Maria Szmit 2023.02.27 19:09
You are welcome, thank you👍📊
SmokCzerwony1
307
SmokCzerwony1 2023.02.21 00:36 
 

Simple, Clear, Easy to use, very helpfull tool

Marzena Maria Szmit
39068
Reply from developer Marzena Maria Szmit 2023.02.21 00:42
You are welcome, thank you👍📊
Reply to review
Version 4.0 2024.04.22
- Additional feature for checking positions
Version 3.0 2024.04.19
- Reduced the number of notifications that appear