Forex Trade Manager for MT4/MT5 - Position Size Calculator | Forex Factory

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Forex Trade Manager for MT4/MT5 - Position Size Calculator

  • #1
  • First Post: Mar 30, 2019 6:21am Mar 30, 2019 6:21am

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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. Of course, experienced traders are always looking for solutions that help in planning and placing orders on this dynamic market.

Various tools for traders are very helpful, but the use of many programs at the same time, unfortunately, is not very comfortable. What would you say for one tool with advanced functionality that significantly simplifies trades planning, helps in managing trades and reduces risk? Our Forex Trade Manager product is the answer to the growing customer demand, both those experienced and just starting their trading career.

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

  1. intuitive, visual determination of Stop Loss and Take Profit levels;
  2. a modern algorithm that effectively determines the risk of trading before it is executed;
  3. determination of the value of trade;
  4. precise calculation of the risk to reward ratio;
  5. the ability to open and close transactions from one panel, quickly and very intuitively.

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. Forex Trade Manager works perfectly with MetaTrader 4 and MetaTrader 5 platforms. This product is the result of many months of hard work of the best financial markets specialists. From the beginning, our goal was to create a tool that will be adapted to all traders' needs. The simplicity of functionality hides very modern and advanced algorithms that have been developed based on our extensive experience. The program significantly automates the trading process and helps to accurately assess the risk without wasting time on a complex analysis.

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https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html

  • #2
  • Mar 30, 2019 4:19pm Mar 30, 2019 4:19pm
What's the difference between the Old Risk reward Ratio indicator?
// Jim Ęgirson https://discord.gg/Dkm3demYsx
  • #3
  • Apr 1, 2019 2:44am Apr 1, 2019 2:44am
Quoting SirOrigami
What's the difference between the Old Risk reward Ratio indicator?
The main differenece between old Risk Reward Ratio Indicator (https://www.investsoft.eu/risk-reward-ratio-tool.html) and the new one is that "Trade Manager" (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html) is an Expert Advisor not Indicator so now is possible to place and manage orders directly from panel (no need additional scripts). The basic idea of Risk Reward Ratio Indicator was to create simple indicator to check Risk to Reward value for opening orders. We quickly understood that we lack some useful functions like stop loss and take profit currency value calculation, position size calculation and placing order based on horizontal lines drawn on chart.

We had recently a lot of questions about orders management functions. This is not possible to realize in the indicator, so we decided to make a new product based on our old Risk Reward Ratio Indicator without limits.

The current (first) version of EA Trade Manager includes all the features of old Risk Reward Ratio Indicator (https://www.investsoft.eu/risk-reward-ratio-tool.html). We have added buttons to place market and pending orders and basic orders management, such as SL / TP modification for selected order and quick closing market orders and deleting pending orders.

We will publish a video with all features of "Trade Manager" (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html) soon.

Version for MT5 will be available soon and we will systematically be improving our product. We have a lot of ideas

Please remember that buying a lifetime license for Trade Manger now all future updates (including new features) are for free.
  • #4
  • Apr 12, 2019 9:18am Apr 12, 2019 9:18am
We have just published our new video about Forex EA Trade Manager (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html) for MT4/MT5. Video presents the trading tool with advanced money management features like visual placing forex trades with horizontal lines, position size calculation as risk % of account balance, equity or fixed cash amount, managing current opened orders (modify & close) and closing/deleting trades with only one click on Forex Trade Manager panel.

https://youtu.be/-OBT7FLBAvA

  • #5
  • Apr 16, 2019 4:02am Apr 16, 2019 4:02am
Good job. The forex trading panel has a very nice appearance, is compact and intuitive. Position size calculations based on risk % and calculation of the SL / TP in the currency before opening trade is very useful. However, I miss some features for automatic trade management like trailing stop, break even, etc.
  • #6
  • Apr 16, 2019 9:28am Apr 16, 2019 9:28am
Quoting IceRice
Good job. The forex trading panel has a very nice appearance, is compact and intuitive. Position size calculations based on risk % and calculation of the SL / TP in the currency before opening trade is very useful. However, I miss some features for automatic trade management like trailing stop, break even, etc.
Thanks IceRice for your opinion. Yes, these options are definitely missing but this is the first version of Forex EA Trade Manager (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html), and we will publish updates with new features soon. We are currently working on MT5 version to publish it as soon as possible. Follow us to keep up to date.
  • #7
  • May 9, 2019 12:17pm May 9, 2019 12:17pm
Short video how to precisely set open price, stop loss & take profit levels in Forex EA Trade Manager MT4 & MT5 before open new forex trade.

https://www.youtube.com/watch?v=sQJ9_bdyIKE
  • #8
  • May 31, 2019 10:50am May 31, 2019 10:50am
EA Trade manager for MT5 (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html) is now available: https://www.mql5.com/en/market/product/39150

Position trade calculation and easy management of forex trades is now possible also in MT5 with using EA Trade Manager (https://www.investsoft.eu/forex-trade-manager-position-size-calculator.html).

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Now it's time to prepare some improvements . Remember, that all upgrades are free.
  • #9
  • Oct 26, 2019 9:41am Oct 26, 2019 9:41am
Hi, I have been checking the screenshots.

I am looking for a trading panel, similar to that one.

The problem is that most of the panels do not really manage correctly risk.

The risk of your operation is not the size of your trade, but the size you will lose if price touches your stop loss level. The best way to adjust a risk-based trade size is to adjust the percentage or risk associated to your stop loss level.

I will continue searching
  • #10
  • Oct 29, 2019 9:42am Oct 29, 2019 9:42am
Quoting scherzi
Hi, I have been checking the screenshots. I am looking for a trading panel, similar to that one. The problem is that most of the panels do not really manage correctly risk. The risk of your operation is not the size of your trade, but the size you will lose if price touches your stop loss level. The best way to adjust a risk-based trade size is to adjust the percentage or risk associated to your stop loss level. I will continue searching
Hi scherzi (https://www.forexfactory.com/scherzi)

Maybe I don't understand well your lot calculation method but I think that it is just done in EA Forex Trade Manager where you can define risk per one trade and EA will caculate lot size adjust to it and in the worst scenario (hit stop loss) you will lost only what you asumed.

You can define risk as % of account balance or equity or fixed cash amount.

For example if you want to risk only $300 in the next trade, than you select risk as fixed cash amount = $300 and draw lines on chart (open line, target line and stop line). Than you can move stop line to adjust stop level and EA Forex Trade Manager will calculate lot size to not exceed risk $300.
  • #11
  • Oct 29, 2019 11:17am Oct 29, 2019 11:17am
Quoting Charlo
{quote} Hi scherzi (https://www.forexfactory.com/scherzi) Maybe I don't understand well your lot calculation method but I think that it is just done in EA Forex Trade Manager where you can define risk per one trade and EA will caculate lot size adjust to it and in the worst scenario (hit stop loss) you will lost only what you asumed. You can define risk as % of account balance or equity or fixed cash amount. For example if you want to risk only $300 in the next trade, than you select risk as fixed cash amount = $300 and draw lines on...
Yes, it is just what I need. Thank you very much!!

I have checked and they have no demo version. I will ask them, because the MQL5 market has very low quality and it would not be the first time I buy something and they just ignore the claims or it just does not work.
  • #13
  • Last Post: Oct 30, 2019 3:19am Oct 30, 2019 3:19am
Quoting scherzi
{quote} Yes, it is just what I need. Thank you very much!! I have checked and they have no demo version. I will ask them, because the MQL5 market has very low quality and it would not be the first time I buy something and they just ignore the claims or it just does not work.
Yes, you can ask for free trial to check yourself if it is what you expecting. Shouldn't be a problem with this.
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