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ManHedger MT5

5

Manual & Test Version

Please DON'T BUY this product before testing or watching my video about it.

Contact me for user support & advices! If you've bought this EA, you are entitled to a gift!!

With this Expert Advisor, you can:

  • Implement your own Zone Recovery strategy to capitalize on trending markets.
  • Create Grid trading strategies, to profit from ranging markets.
  • Place orders easily and clearly.
  • Display your trades/strategies on the chart.
  • Display your Take Profits/Stop Losses as a percentage.
  • Display volume in monetary amount.
  • Use Trailing StopLoss and Riskreward ratios.
  • Manage your open trades & pending orders
  • Limit your Drawdown & Profits
  • Create Hedging Strategies
  • Open trades with partial takeprofits
  • Open trades with automatic breakeven

This tool has helped me solve many of my own problems, and now I'm trying to help others as well. It can function as both a trade manager and a trading bot at the same time.

The trading strategy I use this utility for is based on the following idea: Most people lose trading forex. Betting against the sentiment with grid strategies seemed to be a profitable strategy for me. Zone Recovery strategies excel at trending market conditions. This is a huge advantage, because predicting direction is much harder than predicting high volatility. Initialising Zone Recovery strategies before news events is another key element of my personal trading strategy.

My advice for using the product:
  • When interpreting zone recovery or grid strategies, it is advisable to set a risk much higher than the gain, with a recommended Risk-Reward ratio of at least 15:1.
  • When changing the gain or risk of a running strategy, it is not recommended to set a much higher gain or a much lower risk, as it may have negative effects on the well-calculated strategies.
  • I do not recommend running zone recovery and grid strategies at the same time on the same security.
  • Setting the EA for the same securities multiple times with the same magic numbers may result in unexpected errors. (The EA distinguishes other EAs with the help of symbols and magic numbers).
  • I do not recommend using the grid strategy with an Orderstep or Density set too high, as the starting order may be too small.
  • I recommend using the EA for securities which have the account currency as either the base or margin currency.
  • With price changing the size of a lot in your base currency may change, re-enter the volume if you are calculating in monetary amount.
  • Don't remove Expert/close chart/close MetaTrader, when a strategy is running.
  • If the Balance is 0 the Expert won't work.

I do not guarantee any profits or financial success using this EA.

The resolution of my monitor is 1920x1080. The EA should work properly on this resolution.

If you encounter any issues or have any feedback, recommendations, or questions regarding the program, please do not hesitate to contact me. I am committed to addressing any concerns and fulfilling your requirements to ensure the best possible experience with the product.


I'm constantly trying to improve this product and new versions can be expected.

I hope I could be of assistance, and that you will find this utility useful.

#Tags: Grid Tool Manual Grid Grid Manual Hedge Tool Hedge Manual Manual Hedge Hedging tool Strategy Builder grid strategy creator hedge strategy trade manager order manager visual display order display trade management trailing stop trailing sl riskreward tool prop firm challenge prop challenge trade assistant order grid management grid trading equity protector protect equity risk manager risk tool drawdown protect drawdown limiter  close all sl breakeven partial takeprofit partial tp partial sl







Avis 9
Jacques Van Echteld
202
Jacques Van Echteld 2024.03.17 10:31 
 

Very good and usefull ea!

Valentin Popa
484
Valentin Popa 2024.02.15 22:20 
 

Very good EA.

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With this free tool, you can easily visualize your trades on the chart, view take profit and stop loss values in points and percentages, and enter trades based on percentage of your account balance or specific amounts of money, among many other features. How does it work? Simply fill out the Start Price, TP (Take Profit), SL (Stop Loss), and Volume parameters, and click on the "Open Trade" button to immediately place the order/trade. The "Long" button allows you to select whether you want to Buy
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ManHedger MT4
Peter Mueller
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Manual & Test Version Please DON'T BUY this product before testing or watching my video about it. Contact me for user support & advices! If you've bought this EA, you are entitled to a gift!! MT5 Version With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easily and clearly. Display your trades/strategies on the chart. Display your Take Profits/Stop Lo
Filtrer:
Jacques Van Echteld
202
Jacques Van Echteld 2024.03.17 10:31 
 

Very good and usefull ea!

Peter Mueller
8358
Réponse du développeur Peter Mueller 2024.03.17 23:10
Thanks for taking your time and writing a review, I appreciate it!
Valentin Popa
484
Valentin Popa 2024.02.15 22:20 
 

Very good EA.

Peter Mueller
8358
Réponse du développeur Peter Mueller 2024.02.16 10:34
Thank you very much for your review, it means a lot to me!
V2DAY
45
V2DAY 2023.12.07 22:03 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Darko Licardo
735
Darko Licardo 2023.11.20 11:06 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Peter Mueller
8358
Réponse du développeur Peter Mueller 2023.11.20 11:18
Thank you very much for your review, means a lot to me!
Mustafa Nail Sertoglu
1047
Mustafa Nail Sertoglu 2023.09.19 16:48 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Peter Mueller
8358
Réponse du développeur Peter Mueller 2023.09.19 16:52
You can contact me in PM anytime if you have any problems. I'd be happy to help you set the EA up, and help you resolve your problems.
Best regards,
Peter
Hezbon Ogwari Magajo
120
Hezbon Ogwari Magajo 2023.09.17 12:22 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Peter Mueller
8358
Réponse du développeur Peter Mueller 2023.09.17 12:44
Thank you very much for the review :)
Grap the Trade
111
Grap the Trade 2023.08.08 13:56 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Peter Mueller
8358
Réponse du développeur Peter Mueller 2023.08.08 15:08
Thank you very much!
Andre Schinkel
969
Andre Schinkel 2023.08.08 08:01 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Peter Mueller
8358
Réponse du développeur Peter Mueller 2023.08.08 11:39
Thank you for the review!
Duy Dong Dao
290
Duy Dong Dao 2023.08.07 16:06 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Peter Mueller
8358
Réponse du développeur Peter Mueller 2023.08.08 00:17
Thanks for the review
Répondre à l'avis
Version 4.11 2024.05.07
Fixed a bug when dragging Hedge TP while strategy is running: now Takeprofit can be changed not only using the textbox, but by dragging the TP level.
Version 4.1 2024.05.04
Fixed some bugs, minor changes
Version 4.0 2024.05.02
Hedge mode added, now another strategy is available for users (check out the new manual to better understand it). Added the opportunity to add partial takeprofits and automatic breakeven. Grid strategy can be now initialised by the starting volume instead of the volume cap (volume cap is still possible). The VolumeStep/OrderStep of the grid strategy now van be additive instead of multiplication.
Version 3.72 2024.03.16
Fixed another bug.
Version 3.71 2024.03.15
Fixed some bugs about scaling. Minor changes
Version 3.7 2024.03.10
Updated the Scaling it should work now on all monitors with every kind of resolution
Version 3.6 2024.01.05
Fixed an error: opening new trades with Long/Short Grid strategy after sell limit is reached
Version 3.5 2023.12.20
Improved the behaviour of the dialog on each tick, when dialog and Trading/Strategy Box has to be synchronized.
Version 3.4 2023.12.15
fixed some bugs
Version 3.3 2023.12.14
Bad version added last time, no changes made
Version 3.2 2023.12.14
Fixed a bug about trading hours and sessions.
Version 3.1 2023.12.11
Fixed some bugs
Version 3.0 2023.12.05
new Mode added: Manager. Here you can close trades and delete orders based on your selected properties with one click. You can also move SL of these trades to break even. You can also add a maximal drawdown of the currently open trades, so the EA can now work as an equity protector. It is possible to do the same with the profits e.g you can set the monetary amount of losses and profits in money or in the percentage of your balance, both of which when exceeded all trades will be closed out. The Trade Mode has been reworked: You can now set your volume based on your preferred risk or gain on the trade, calculate mode has been removed becouse of this. Zone Recovery mode: Added an information box in the upleft corner, where you can see the theoretical maximal count of orders of a given zone recovery hedging strategy.
Version 2.4 2023.11.16
Minor changes
Version 2.3 2023.11.14
New input parameter: Hard StopLoss Points, if you want to secure your strategie's trades, you can enter a value, so it'll protect each trade with a StopLoss. Whenever you display running Grid strategies (or all information about the Grid is filled out) you'll see now the StopLoss and the TakeProfit Level on the chart. You can now add comment to your trades in Trade mode.
Version 2.2 2023.11.03
Fixed some bugs, capitalization when writing ask or bid now does not matter.
Version 2.1 2023.11.02
Minor changes
Version 2.0 2023.10.30
Added Trailing Stop and Risk Reward ratio, fixed minor issue with Grid Long only and Short only Strategies, whenever Running with Ask/Bid Price, added 2 input parameters: Grid Comment and Zone Recovery Comment, these Comments will be used when placing orders/opening trades with a custom strategy of the user.
Version 1.9 2023.10.13
Updated the name (AdvantEdge -> ManHedger), and the name of MartinGaleMagicnumber to ZoneRecoveryMagicnumber. Fixed a minor bug
Version 1.8 2023.10.03
Implemented a proactive order execution mechanism(Stop and Limit orders will be made instead of price reaching the level -> opening a trade), allowing users to visualize trade volumes before reaching the target level—a valuable enhancement for strategic planning. Upgraded the parameter naming to enhance clarity, transitioning from 'Vol' to 'MaxVol' in strategies. Additionally, resolved any bugs associated with the accurate display of Zone Recovery strategies on the chart. Introduced an intelligent file-saving mechanism that incorporates the account number. This ensures seamless transitions between accounts in the trading terminal without any interference with EA functionality.
Version 1.6 2023.08.17
Fixed a bug in Grid mode: Keep Trading didn't work.
Version 1.5 2023.08.15
Changed the "Martin Gale" mode to "Zone Recovery" mode.
Version 1.4 2023.08.11
Fixed the Dialog minimizing, when changing charts or restarting Metatrader.
Version 1.3 2023.08.07
New feature: Status Quo. Now when running Martin Gale and Grid strategies you no longer have to choose between "Keep Trading" and "Stop at Close", but there is a third option: Status Quo, which will keep your strategy running, but the Startprice won't change, the strategy will be exactly the same as it was for the first time.
Version 1.2 2023.08.03
Fixed some bugs with lotsize of indices.
Version 1.1 2023.08.01
Added 2 inputs: ShortColor and LongColor: You can now choose the colors to display strategies and trades.