Trading utilities for MetaTrader 4

Money Manager EA

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165.00 USD

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Information

Utilities
MetaTrader 4
5
Renaud Candel
20 December 2016
1.10

Overview

Money Manager is an exclusive panel to process all calculations related to position sizing and risk management.

Position sizing is one of the most important aspect in trading. It is often neglected by traders and this is a big mistake.

Traders often look for strategies with high win rates whereas in fact one can earn very good money in the market with only 40% to 50% winning rate.

How is that possible to earn money with such a low winning rate? The answer is position sizing and risk management.

Position sizing calculation is often complicated and boring task.

Now with the Money Manager things become easy and simple.

Money manager is a user friendly panel that will process all calculations with few inputs.

Inputs of the EA are:

  • MagicNumber: number used to identify trades coming from EA in the history
  • Slippage: slippage in pips to apply when processing orders by EA
  • ArrowColor: color to be used to draw arrow showing entry price

Inputs of the panel are:

  • Entry price
  • Stop loss
  • Risk in USD
  • Reward Risk

Outputs of the panel are:

  • Lot size
  • Take profit

Panel offers semi automated inputs:

  • Entry price: manual input / chart price
  • Stop loss: manual input / distance in points / distance in pips
  • Risk: risk in currency / risk % of balance / risk % of equity
  • Take profit: Reward Risk ratio (in comparison to stop loss) / Distance in points / Distance in pips

After calculation of lot size and take profit, software also display checks with size of trade in USD and profit in USD.

You can place orders with the Send Order button (SELL, BUY, SELL STOP, BUY STOP, SELL LIMIT, BUY LIMIT).

The panel can be placed wherever you want in your main chart and can also be minimized.

A second version of the Money Manager comes as an Indicator in the main chart: https://www.mql5.com/en/market/product/19968

The version as indicator does not have capacity to place orders. The indicator can only be used for calculations.

The Money Manager can be used with any class of assets: Forex, Equities, Commodities, Futures.

The Money Manager can be used with any time frame.

7 DAY MONEY BACK GUARANTEE

If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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RISK WARNING: ea-trade.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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