Trading Manager EA Robot helps manage your risk and trades automatically.
Important Notes:
- Open Orders must have order magic number/expert id set. It can be done using order script/indicators. Try this.
Download the 'Order Management Script Tool' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)
- Auto Trade should be set to false, this is for Testing only. Execute your trade based on your entry strategies. -
Features:
- Move stop loss automatically based on risk reward ratio
- Close trades when target pips/risk reward was hit
- Close orders when price closed below/above moving averages
- Delete pending orders when price closed above/below moving average
- Delete pending orders when 1:1RR was reached
- etc...
Please refer to screenshot.
1 - Sends order automatically based on last candle size and moving average#1. Use only in strategy tester, disable in live trading.
2 - Lot size when Auto Trade is enabled.
3 - Last candle size to enter a trade.(Auto Trade is enabled)
4 - Moving Average Time Frame
5 - Pips measurement between stop loss price and entry price
6 - Automatically move your stop loss up to breakeven only
7 - Choose when to take your profit.( e.g. Risk Reward, Moving Average, Take Profit )
8 - Take you profit based on target pips
9 - Order Magic no. of your orders.
10 - Moving Average Method
11 - Moving Average Period
12 - Moving Average Period
13 - Select what to do if price closed above/below moving average. (Waiting for 1:1RR)
14 - Select what to do if price closed above/below moving average. (Stop loss at breakeven)
15 - Auto close orders if candle closed below/above set price.
16 - Max Scratch % loss based on your risk money @ stop loss. It is valid only if your stop loss was not hit.
17 - Close orders only if it is <= set slippage
18 - Partial closed orders @ each Risk Reward Ratio levels
19 - Cancel limit orders if 1:1RR reached
20 - Cancel limit orders if price closed above/below moving average#1
21 - Cancel limit orders after # of candles passed
22 - No. of new candles after limit order is placed
23 - Close orders if 1:1RR did not reached after the set time
24 - Select a condition to close the orders
DEMO version download:
Download the 'Trading Manager Expert Advisor DEMO' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)
FREE Order Risk Management Script:
https://www.mql5.com/en/market/product/60301
Important Notes:
- Open Orders must have order magic number/expert id set. It can be done using order script/indicators. Try this.
Download the 'Order Management Script Tool' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)
- Auto Trade should be set to false, this is for Testing only. Execute your trade based on your entry strategies. -
Features:
- Move stop loss automatically based on risk reward ratio
- Close trades when target pips/risk reward was hit
- Close orders when price closed below/above moving averages
- Delete pending orders when price closed above/below moving average
- Delete pending orders when 1:1RR was reached
- etc...
Please refer to screenshot.
1 - Sends order automatically based on last candle size and moving average#1. Use only in strategy tester, disable in live trading.
2 - Lot size when Auto Trade is enabled.
3 - Last candle size to enter a trade.(Auto Trade is enabled)
4 - Moving Average Time Frame
5 - Pips measurement between stop loss price and entry price
6 - Automatically move your stop loss up to breakeven only
7 - Choose when to take your profit.( e.g. Risk Reward, Moving Average, Take Profit )
8 - Take you profit based on target pips
9 - Order Magic no. of your orders.
10 - Moving Average Method
11 - Moving Average Period
12 - Moving Average Period
13 - Select what to do if price closed above/below moving average. (Waiting for 1:1RR)
14 - Select what to do if price closed above/below moving average. (Stop loss at breakeven)
15 - Auto close orders if candle closed below/above set price.
16 - Max Scratch % loss based on your risk money @ stop loss. It is valid only if your stop loss was not hit.
17 - Close orders only if it is <= set slippage
18 - Partial closed orders @ each Risk Reward Ratio levels
19 - Cancel limit orders if 1:1RR reached
20 - Cancel limit orders if price closed above/below moving average#1
21 - Cancel limit orders after # of candles passed
22 - No. of new candles after limit order is placed
23 - Close orders if 1:1RR did not reached after the set time
24 - Select a condition to close the orders
DEMO version download:
Download the 'Trading Manager Expert Advisor DEMO' Trading Utility for MetaTrader 4 in MetaTrader Market (mql5.com)
FREE Order Risk Management Script:
https://www.mql5.com/en/market/product/60301
Inserted Video