Trading utilities for MetaTrader 5

Forex Trade Manager MT5

forex-trade-manager-mt5-logo-200x200-4875
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Information

Utilities
MetaTrader 5
10
InvestSoft
31 May 2019
2.31
2 October 2020

Overview

Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market. 

EA Forex Trade Manager works on all kind of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.

Trade Manager doesn't work in Strategy Tester. If you want to test it contact us to get a free 7-day trial.

Do not you believe that one tool is enough to make investing safer, easier and much more effective? Forex Trade Manager has:

  • intuitive, visual determination of Stop Loss and Take Profit levels;
  • a modern algorithm that effectively determines the risk of trading before it is executed;
  • determination of the value of trade;
  • precise calculation of the risk to reward ratio;
  • the ability to open and close transactions from one panel, quickly and very intuitively;
  • break even activated on set profit in pips or % of distance to TP;
  • trailing stop;
  • automatic and manual order part closing.

The program was built based on a very ergonomic interface. You only need a moment to understand all the functions and open your first trades. This product is the result of many months of hard work of the best financial markets specialists. Forex Trade Manager significantly automates the trading process and helps to accurately assess the risk without wasting time on a complex analysis.


Main features

  • visual orders: trade by horizontal lines placing on chart to set open, stop loss and take profit levels;
  • calculation of potential profit or loss in account currency;
  • lot size calculation based on risk % of account equity, account balance or fixed cash amount;
  • risk reward ratio calculation;
  • easy placing market or pending order by clicking button on panel;
  • easy order modification;
  • fast closing market or pending orders (all / profitable / lossy);


How to use Forex Trade Manager


Step 1: Draw lines

  • click the button Draw (with pencil) and then click on the chart where you want to place the „Open” line.
Step 2: Move lines on chart
  • double click on lines and move them to specified levels where you planned to open order and set stop loss and take profit.
Step 3: Adjust lot size
  • set lot size in panel and read what is your stop loss and take profit value in account currency
  • or select one of the automatic lot calculation based on risk % of account balance/equity or fixed cash amount
Step 4: Place order
  • Click button "Market Order" or "Pending Order" on panel
Step 5: Clear lines
  • click button clear (with rubber) to remove lines from chart.

It is possible to manage orders via Trade Manager. Select "Manual Manage Orders" tab and select order from list. You can set new stop loss or take profit as distance from open price in pips or direct setting sl/tp levels.

Trade Panel has also button to quick close market orders (all / profitable / lossy) or delete pending orders (all / limit orders / pending orders).


Some of the most important Parameters


--- TRADE PARAMS ---

  • Only Current Symbol - TRUE: panel manage only current chart symbol orders, FALSE: panel manage all symbols orders
  • Only Current Magic No. - TRUE: panel manage only orders with defined Magic Number, FALSE: panel manage all orders
  • Magic Number - unique number for placed and managed orders

--- RISK ---

  • Risk Reward Ratio - fixed or default Risk Reward Ratio. If you push „R:R” button on panel, than program will keep lines’ distance with selected ratio.
  • Allowed Risk % - acceptable risk of single transaction according to account balance (allowed values from 0.1 to 100).
  • Acceptable Risk Color - font color of risk % if it is smaller or equal than acceptable risk (set by AllowedRiskPercent param)
  • Unacceptable Risk Color - font color of risk% if it is greater than than acceptable risk (set by AllowedRiskPercent param)


    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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