EA Trade Manager MT4 & MT5

Yes, it is often trade on the continuation of the trend, but sometimes it is needed to trade in contrary. We'll do as you say and then we'll see. I will contact you when we are ready.

DISCOUNT 20%

On September 05 and 06, 2020, EA Trade Manager for risk management with automatic lot calculation, partial closing, trailing stop, break even and much more functions is discounted by 20% and its price is only $ 79

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Trade Manager for MT4: https://www.mql5.com/en/market/product/37228
Trade Manager for MT5: https://www.mql5.com/en/market/product/39150
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1. Is my request about pending orders when clicking on the lower/higher part of the candle included?
2. I run my own trading ea, do I remove my ea every time I want to do manual trading and then install your Trade Manager?

ad.1.
This is only discount for a Trade Manager. There is no new version yet. It is being prepared. We will be adding this functionality next week. By the way, can you give me your e-mail in a private message because it's a bit difficult to discuss on the forum.

ad. 2.
I suppose that there is no conflict between Trade Manager and your trading EA, but the problem is that you can only run one EA on the chart in MT4.

Another discount for a Trade Manager. This time you have to hurry because the lower price is only valid for 1 day. Only September 17, 2020 Trade Manager available at $79.

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Trade Manager for MT4: https://www.mql5.com/en/market/product/37228
Trade Manager for MT5: https://www.mql5.com/en/market/product/39150
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Discount 20% for Trade Manager is now available.

interested in some custom feature... PMing you! tks

Our Trade Manager to-do list is long, but we are open to new suggestions. We can discuss.

Hi can this trade manager do the following

instead of moving a stop to breakeven after a certain amount of pips achieved instead it does a "jump stop" (or a custom breakeven point) and after ____ pips achieved in profit it moves the stop to a specific point

Jump only example
the entry was long SPX500.LMAX at 3300.00 with a stop loss at entry of 100 pips and a take profit of say 1500 pips and you have activated the jump stop to move (jump) the stop loss 500 points when 520 pips profit is achieved. When price has moved 520 pips or more in your favor the stop loss jumps to the price that is 3300.00 plus 500 pips and stays there.

Jump + trail example -
If you wanted it to also jump and then trail if it continues to move in your favor then you could set it to jump ___ when ___ pips profit achieved -- then if price moves further in your favor trail stop by "X" pips behind price if price moves another "X" pips further in your favor

Example if the jump stop was when 520 pips in your favor it jumps the stop 500 pips it was set to jump stop only and no trail then the stop just stays fixed at 500 pips in your favor. however if it is instead set to jump + trail and the jump was set to 500 pips and the trail was set to trail by 50 pips behind price if price moves another 100 pips further in your favor then under that scenario the stop jumped to 3300.00 plus 500 pips once price was 520 pips in your favor then if price continues to move in your favor then once price moves an additional 100 pips more in your favor the stop would trail 50 pips behind price

Hi SPX500trader,

If only I understand it properly it is possible to realize this in Trade Manger.

In the first example (jump only) it is needed to just set only Break Even with this settings:

In the 2nd example (jump + trail) you need to turn on Break Even and Trailing Stop with this settings:

There is no conflict between Break Even and Trailing Stop. Break even will be activated as first and than trailing stop will be successively move up the stop for each 100 pips of profit.

You can test Trade Manger for free on the live market for 7 days. Just ask for trial version here: https://www.investsoft.eu/contact

The new version of Trade Manager ver. 2.30 is now available.

A list of changes:

1. added SL / TP fields to the panel
2. added comment field into the panel
3. added option to place open line x pips below / over candle
4. handling different order filling types (only MT5 version)
5. improved partial closing algorithm to handle also trades without SL / TP
6. improved calculation formula for "Futures" and optimized orders closing procedure

Can your trade manager commence a trailing stop loss from say 4 pips in profit in stealth?

Currently Trade Manager can commence a trailing stop from e.g. 4 pips of profit but not in stealth. Stealth mode will be available in the one of the future update.

Gruffydd,

Will Trade Manager work on offline charts? For instance, a renko chart....

I have used several similar trade manager EA's over the past 7 years, some better than others. All ultimately dropped by their developers, and without updates they quit working due to changes in MT4.

What are your plans moving forward? Besides adding more nice features (stealth shadow lines / offline TP & SL).

Finally, I do like the simplicity of your GUI interface. I will probably get a license and demo play around with it just because 1) low cost 2) many nice features 3) pleasant visual appeal.

I look forward to seeing your replies, and newer versions of this good Trade Manager EA Tool.


GregSF

Hi GregSF

Thanks for you interest in our Trade Manager.
The Trade Manager works on renko offline charts , but only if the renko chart EA/indicator generates a new tick event.

Before you make a purchase, you have the opportunity to test our product to make sure that it meets your expectations.

We are constantly developing our program and we still have a long list of things to add and improve, such as the previously mentioned hidden SL / TP, One Cancel Other (OCO), trailing stop based on indicators e.g. ATR, Moving Average etc., improvement the design and functionality of the open, stop and target lines and many other ideas that I don't want to present here as we are closely watched by other sellers

We have a series of updates planned. Probably in the meantime, there will be interesting suggestions from our clients that we will also implement. It will be a highly advanced tool while keeping the interface as simple as possible.

Please note that anyone who purchases Trade Manager now will be able to download all future updates for free.

DISCOUNT 20% on October 3rd and 4th, 2020

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Trade Manager for MT4: https://www.mql5.com/en/market/product/37228
Trade Manager for MT5: https://www.mql5.com/en/market/product/39150
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Hi Gruffydd,
Is there an option to close all trades when a certain % of the account is reached? i.e. close at 1% profit of the account balance...

Thank you

TT

Hi TrendTrader,

At the moment this option is not available in Trade Manager, but we are constantly developing our product and this option will be available soon. You will be able to specify whether to close all trades after reaching a certain profit or loss as % of account balance or a profit/loss amount in account currency.

Let me know if it will be more useful for you if the Trade Manager controls the profit / loss only for the symbol the program is running on or for all positions opened in Metatrader?

New version 2.40 of Trade Manager for MT4 and MT5 has just been published.

What's new.

OCO (One Cancels the Other)

A one-cancels-the-other order (OCO) is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled.
After activating the OCO function, Trade Manager “remembers” all pending orders and when one of them is activated, the rest are deleted.


WARNING! Removing one of the orders does not cancel the other ones, but only activation the pending order will do it.

Drawing and clearing lines (open, stop and target) is on the one button

After drawing the open, stop and target lines on the chart, the pencil icon changes to an eraser icon that can be removed from the chart.
When the lines are removed from the graph, the button icon turns back to a pencil.

Trailing stop: activation parameter as% of distance to TP and parameter trailing as protection of% of earned profit.

Trailing stop Start can be set as% of distance to TP, e.g. if TP = 30 pips and Start = 75% then trailing start after 75% of 30 pips = 22.5 pips

Also “Trailing” parameter can be set as% of earned profit, so let’s back to our example:
TP = 30 pips
Start = 75%
Trailing = 50%
when the trailing stop is activated at 22.5 pips profit, the stop will be moved to a distance of 11.2 pips, which protects 50% of the current profit (50% of 22.5 pips)

Ability to disable button to open market orders when lines (open, stop and target) are drawn on the chart (pending orders only)

Attached Image

In the Trade Manager settings window, you can disable the possibility of placing market orders when the lines are drawn on the chart:

Ability to set max. lot size. If this size is exceeded, a warning message box will appear.

In the Trade Manager settings window, you can set max. allowed lot size.
If you want to place an order and the lot is greater than the one set in the parameters, a message appears asking if you really want to open such a large order:

New items displaying on the lines


Display on the lines the amount value in the account currency of the stop and target without cents using the tags ::sl_rcurr and ::tp_rcurr

Display stop and target as a % of the account balance or equity using tags
::sl_bpct i ::tp_bpct -% of the account balance
::sl_epct i ::tp_epct -% of the account equity



Break even offset as% of earned profit (“Profit” parameter)

As in the case of trailing stop, we can set the “Profit” parameter for Breakeven as a percentage to protect, for example, 25%, 30%, 45%, etc., of the already earned profit, i.e. as in the example below:
Break even will be activated after 50 pips and the stop will be moved to 5 pips (protection of 10% of earned profit).

Wow, this is really savvy sophisticated stuff. So much options for a trader. Good one!