An example of how the Risk Reward "RR" option works in the Trade Manager partial closing function:
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DislikedIt would be amazing if I can split the trade in say x number of trades on a gap like a grid where we can choose if each trade have same risk, fixed lot size etc. So between stop loss and entry I want the position split in e.g. 4 different trades. (I provided an image, but it's not even distributed the pending orders, but you get the idea). Like in the screenshot, every trade have 2000 dollar risk (500 dollar per trade), so the lot size increases as the entry price changes and the size of the sl, the sl is at the same position for every trade, it...Ignored
DislikedThe new version of Trade Manager ver. 2.30 is now available. A list of changes: added SL / TP fields to the panel added comment field into the panel added option to place open line x pips below / over candle handling different order filling types (only MT5 version) improved partial closing algorithm to handle also trades without SL / TP improved calculation formula for "Futures" and optimized orders closing procedure {image}{image}{image}{image}Ignored
Disliked{quote} Is there a video for this update? I'd like to see how the "place open line x pips below...." function works.Ignored
The default setting is to draw the order opening line at the place of the mouse click on the chart:
The second option is to place the opening line a certain distance above or below the candle.
The distance from the high or low of the candle is set in the "Bar Ditsance" parameter.
DislikedI'm missing something regarding the break even settings. My desired result is to close 50% of my position at 4 pips (this part is working for me) then immediately set stop loss to break even +1. Trailing stop is set to activate at 8 pips and this seems to be working as well. At 4 pips the EA is closing 50% of the trade but does not move my SL as expected. What am I missing? {image}Ignored
Disliked{quote} Set Break Even in this way: {image} Activate = 4 pips Profit = 1 pips This will cause that the Trade Manager will move SL to level 1 pips over (for BUY) or below (for SELL) order open price when order will have 4 pips of profit.Ignored
DislikedI have to say, I have been trading live for the last 4 years and this is the best and full feature Trade Manager that I came across. I am glad I did! GruffyDD - Great Job and I appreciate your quick and thoughtful replies back.Ignored
DislikedI have purchased the trade manager and am a big fan of it. Super easy to use for set and forget swing trades. Is it possible to add a breakeven as a percentage of the SL distance in addition to the already available function of percentage of the TP distance? For example: Sell EurNzd with 100 pip SL; when the price moves 50 percent in my favor (in this instance 50 pips down) then the stoploss is moved to breakeven plus the amount of pips entered to lock in. It would come in handy for traders who employ multiple TP's as part of their strategy. Thanks...Ignored
Disliked{quote} Exactly this effect you can achieve by setting BreakEven Activation = 0.5 rr as in the image below. {image}Ignored
DislikedHi, I am currently looking for a trade manager for MT4 and it seems that this EA trade manager offers some interesting functionalities. So far, I have not found any manager that includes pyramiding in a simple method: e.g. after x amount of profit, place additional orders in the same direction, all other functions being standard: trailing stop, etc. You mentioned in a recent post that a pyramiding function is in your to-do list. Is this something we count seriously on ?Ignored
Disliked{quote} Hi, As it was written before, we are constantly developing this product and adding new features to it. At the moment we are working on new lines (open, stop and target). We have a delay in this update as we planned to release it in November / December but it will not be released until January. There are many items on the to-do list in Trade Manager and we plan to implement them all. We want to add features for different trading methods like pyramiding, grid, hedge etc. We will regularly publish new updates with new features. I'd like to...Ignored