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WaltSoft Trade Manager MT5 DEMO

  • Calculate the Lot Size for a given Percent Risk and place the order with SL and TP with one single click of a button.
  • Drag and position your Stop Loss and Take Profit before placing the actual order.
  • Can close one or all orders (one direction, buy or sell) with one click of a button.
  • Can lock in profit of your trades with a Trailing Stop Loss.
  • Can work with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders.
  • Simple and straightforward, no cluttering of info.

See presentation below for more info.

REMARK: this EA (partly) doesn’t work in the Strategy Tester!
But you can download this DEMO version to give it a try before purchasing.

This demo version has limitations which are:

- Works only on EURUSD
- Works only on M5 Time Frame
- Only Buys Allowed

 

Problem

The main problem is: you want to enter a trade and you know where you want to put your Stop Loss, but you don’t want to risk more than 2% of your account.
The problem is that you don’t know the Lot Size and you will have to calculate it.

 

Solution

Use the WaltSoft Trade Manager! It will do this and much more.

 

Settings

  • Magic Number --> enter your magic number. Default = “12345”
  • Order Comment --> enter your order comment. Default = “” (blank)
  • Play Sound Orders --> play a sound when an order is placed. Default = “true”
  • Money Management --> Choose between:
    1. Risk Percent of Free Margin
    2. Risk Percent of Balance (default)
    3. Risk Percent of Equity
    4. Money
    5. Lots
  • MM Value --> The value for the above chosen method. Default 2
    - Example: you lose 2% of your account balance when Stop Loss gets hit.
  • Risk Reward --> Default = “2”. You make 2 times your risk when Take Profit is reached
  • Stop Loss (Pips) --> Default = “10”
  • Trail When Pips Profit --> Default “3”. If price has moved 10 pips in profit, it will trail 10 pips
  • Pending Order Distance (Pips) --> Default = “20”. You can drag this to re-position.
  • Expiration Time Pending Orders (Minutes) --> Default “0” (no expiration when 0)
  • * Round Turn Commission Per Lot --> look this up with your broker
  • * Have to Convert Commission --> see remark
  • Initial Kind Of Order --> Market/Instant or Pending Stop Order or Pending Limit Order (radio buttons on panel)
  • Lock Button Sell default
  • Lock Button Buy default
  • Trailing Button Sell default
  • Trailing Button Buy default
  • Font Size --> scales the whole panel up or down. Default = “10”
  • Panel Distance from Left (Pixels) --> Default “5” pixels
  • Panel Distance from Top (Pixels) --> Default “25” pixels
  • Adjust Panel Width (Pixels) --> Default “0” pixels
  • Adjust Panel Height (Pixels) --> Default “0” pixels

 

Remark on Commission:

Some brokers have a fixed commission in the account currency.
As an example see: https://www.icmarkets.com/en/trading-pricing/spreads

Some brokers have a commission that has to be converted to account currency and also depends on the traded pair.
As an example see: https://alpari.com/en/faq/trading_terms/calculating_pro_ecn_commission/

If you have an account with commission and if you are not sure what to enter in "Round Turn Commission Per Lot" and whether to set "Have to Convert Commission" to YES or NO:
Set "Money Management" to "Lots" and enter 0.01 or 0.1 or 1 lot.
Do a trade and see what the commission is.
Do this for a few different currency pairs.
Enter the commission (for 1 lot) on that trade in "Round Turn Commission Per Lot". (if 0.01 lot traded --> multiply by 100; if 0.1 lot traded --> multiply by 10)
If the commission is the same for different pairs, then set "Have to Convert Commission" to "NO" otherwise set it to "YES".

Remark on hiding top part of Panel and Trailing: (as of version 4.3)

Trailing will not work if the TRAILING button is not visible!


Enjoy!

Walter

Nikolay Gaylis
17215
Nikolay Gaylis 2019.01.14 08:05 
 

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Версия 4.6 2019.05.20
Solved jumping panel position issue when hiding or showing panel parts on operating systems with scaled up font size.
Версия 4.5 2019.05.20
Corrected same issue as in v4.4 for trailing
Версия 4.4 2019.05.20
Corrected code for some brokers with instruments which have a bigger Tick Size than Point Value.
Example: USA500 has a Point Value of 0.01 (2 digits) but the Tick Size is 0.25
Версия 4.3 2019.05.17
- Added: Move Panel with mouse feature and Hide or Show parts of Panel feature.
- Automatically put Chart on background so that Panel is on top.
Версия 4.2 2019.04.08
Renamed some settings
Версия 4.1 2019.01.30
- Added setting "Have to Convert Commission"
Версия 4.0 2019.01.29
- Optimized some code
Версия 3.9 2019.01.18
- Added option "Money" to Money Management
So now the options are:
- Risk Percent of Free Margin
- Risk Percent of Balance
- Risk Percent of Equity
- Money
- Lots

- Added setting "Initial Kind Of Order" (radio buttons)
Options: "Market/Instant", "Pending Stop Order" or "Pending Limit Order"
Версия 3.8 2019.01.15
As requested, added settings for default state of following buttons:
- Lock Button Sell default
- Lock Button Buy default
- Trailing Button Sell default
- Trailing Button Buy default
Версия 3.7 2019.01.14
Bugfix for Accounts with Commission
Версия 3.6 2019.01.10
added support for 4k monitors
Версия 3.5 2018.11.20
- Bug fix
Версия 3.4 2018.11.19
- Optimized some code
- Improved Trailing Stops
Версия 3.3 2018.09.20
Some small Bug Fixes
Версия 3.2 2018.09.11
• Replaced input "Percent Risk" by "Money Management" and "MM Value"
So now you can choose between:
1. Risk Percent of Free Margin
2. Risk Percent of Balance (default)
3. Risk Percent of Equity
4. Lots
• Added "Total Risk Long" and "Total Risk Short" Info
They are the percentage of the entire account!
• When the calculated (or chosen) Lot size is too big to open a trade and you hit the Buy or Sell button, there will a pop-up
window which asks you if you want the Manager to try and adjust the Lot Size to Maximum possible Lot Size and then open
the trade.
If you choose NO, the trade is canceled.
• Several aesthetic improvements