excellent ea to manage risk
Trades Manager MT4
What Trades Manager can do for your trades.
- Collect all order positions into one chart (pict. 1).
- All orders will be grouped by pair symbol, sum of order positions, lots, running pips, and profit/losses.
- All orders will be summarized and displayed at the bottom of the panel.
- You can set target profit, stop loss and placing stop-profit automatically to each order (pict. 4).
- From one chart, it will be easier to monitor and manage all orders without moving to another chart.
- The green color is surplus (profit), and red is minus (floating) (pict. 2).
- You can manually close order quickly, just by pressing the button for each pair, or to total orders (pict. 3).
- You can also set close all orders automatically by options:
- Reaching Total target, based on total pips or total money.
- Reaching Total stop loss, based on total pips, total money, or margin level (%).
- Send notification (screen, smartphone, and email).
- Unlike other EAs, Trades Manager does not require tick price on the chart to work.
- You can trade with more convenience because you can use substitution technique to all pairs.
- Everything will be done in milliseconds (in normal internet connection).
- Market Sentiment can be seen also in the chart.
- How to use Trades Manager
-- Run the Trades Manager EA into 1 chart that is not being used for trading.
-- Set the options as you wish how it will manage your trades. - Trades Manager will work faster and more accurate than a person in managing the trades.
- Suffix Currency Pair - Enter suffix currency if your trading account uses suffix, e.g m, i, f, z, etc.
- Target (pips) for each position - Enter default target in pips for each order. Enter 0 to ignore.
- Stop-loss (pips) for each position - Enter default stop loss in pips for each order. Enter 0 to ignore.
- Use stop-profit (break even) - If you want to use auto stop-profit, then choose it "true".
- Surplus Range (pips) after Stop-Level - Enter how far order surplus (pips) before placing stop-profit. Enter 0 to ignore. Default is 20 pips.
- Pips +s/l stop-profit - Enter pips for stop-profit for each order. Enter 0 to ignore. Default is 2 pips.
- Managed by money? - Choose it true if you wish to close all positions when total trades meet the money you want.
- Target money for total trades - EA will close all positions when total positions meet your profit target.
- Stop-loss money for total trades - EA will close all positions when total positions meet your stop loss in money.
- Stop-loss by margin level (%) - EA will close all positions when margin level (%) meet the percentage.
- Managed by pips? - Choose it true if you wish to close all positions when total trades meet total pips you want.
- Target pips for total trades - EA will close all positions when total positions meet total pips as profit target.
- Stop-loss pips for total trades - EA will close all positions when total positions meet total pips stop loss.
- Alert/Notification does not work in the Strategy Tester.
- Screen alert - Notification to your chart.
- Send notification to smartphone - Push Notification to your smartphone.
- Send notification to email - Notification to your email.
- Max Slippage - Enter max slippage. Default is 5.
- Panel left margin - Position the panel from the left margin.
- Panel width in pixels - Enter panel width as necessary.
- Display Market Sentiment - Choose it true if you want to display market sentiment.
- Margin left - Left margin for displaying Market Sentiment.
- Margin bottom - Bottom margin for displaying Market Sentiment.


This is possibly the best investment I've made in my trading career. It's both simple and elegant, allowing control of all my trades on one chart. I won't trade without it now. And, the author is very responsive to questions I've had; great support. Buy it; you'll be glad you did.

This is possibly the best investment I've made in my trading career. It's both simple and elegant, allowing control of all my trades on one chart. I won't trade without it now. And, the author is very responsive to questions I've had; great support. Buy it; you'll be glad you did.
1. Option to not manage one or more pairs.
-- Each symbol is separated by giving a semicolon,
-- Trades Manager will ignore those pairs.
2. Auto adjustment object position for Market Sentiment on 4K screen.
Minor fix:
1. Increase performance,
2. Market Sentiment in data reading and its time interval.
GREAT TOOL