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EA Trade Manager MT4 & MT5

  • #81
  • May 3, 2021 6:52am May 3, 2021 6:52am
Quoting Gruffydd
{quote} Hello mtharwat, First of all, we plan to add the option to manage transactions separately, i.e. to be able to set separate parameters (partial closing, break even, trailing stop) for each order. Work is already underway but we are still at the initial stage (minor updates and additional features will be introduced in the meantime). Then we will introduce the so-called batch orders which will allow you to place an order divided into several smaller ones. Each smaller order can have separate...
This is great to know.

Thanks,
  • #82
  • May 13, 2021 3:46am May 13, 2021 3:46am
Check this trading manager tool.

Inserted Video
Attached File(s)
File Type: ex4 Trading Manager.ex4   64 KB | 956 downloads
  • #83
  • May 13, 2021 11:15pm May 13, 2021 11:15pm
Quoting kurisu
Check this trading manager tool. https://youtu.be/g1jVwqASEnE {file}
I do not see any point in the tool you have attached in a commercial thread, that the OP has started to introduce his product and get feedback as well.

Why not open a new thread and share your free products?
  • #84
  • May 15, 2021 4:25am May 15, 2021 4:25am
Quoting kurisu
Check this trading manager tool. https://youtu.be/g1jVwqASEnE {file}
Agree with mtharwat that it's better to open your own forum thread about your product. It brings a much better long-term results than spamming someone else's threads.

As for the program that you present in the video, it is probably intended for traders who have fully automatic strategies, while our Trade Manager MT4 / MT5 is mainly intended for those who trade manually but need a good tool for transaction planning (visual set entry and exit points on the chart and transaction position size calculation based on risk % of account balance etc.) and need management of opened trades with automatic Break Even, Trailing Stop or partial profit / loss closing.
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  • #85
  • May 16, 2021 4:22pm May 16, 2021 4:22pm
Hi
How Trade manager manage open trades if mt4 crash.
Can I open and manage different trades in different pairs with one magic number? I use symbol switcher.
Can trailing with ATR, Chandelier or EMA?
  • #86
  • May 17, 2021 9:20am May 17, 2021 9:20am
Quoting Blade22
Hi How Trade manager manage open trades if mt4 crash.
Trade Manager must be running on the chart to be able to manage your open trades. Of course, there may be various cases that may cause the program to stop working, not only due to mt4 / mt5 crash but also power issue, lost internet connection etc. It is impossible to avoid all situations, but to minimize the risk, many customers run Trade Manager on VPS.

Quoting Blade22
Can I open and manage different trades in different pairs with one magic number? I use symbol switcher.
Basically, Trade Manager is designed to run separately on each chart you are trading on due to the different symbol specifications, however you can manage your trades from one chart, you just need to set the parameters appropriately:
Only Current symbol - set to true cause that the Trade Manager manages only trades opened for current symbol, FALSE value cause that program manages trade for different symbols
Only Curr. Symbol - partial close - this setting applies only to the partial close section and the value TRUE means to partially close only the trades for the symbol the Trade Manager is working on, the value FALSE means to partially close all open trades, regardless of the symbol .
Only Current Magic No - set to TRUE to manage only trades with Magic Number defined in parameter "Magic Number". FALSE means to manage trades regardless of Magic Number value.

Quoting Blade22
Can trailing with ATR, Chandelier or EMA?
For now, Trailing stop has standard settings (in pips or %), but it will soon be expanded so that you can use the values calculated by the ATR, moving average and other indicators.
  • #87
  • May 28, 2021 6:40am May 28, 2021 6:40am
Hello Traders,

We have just published a new version of the Trade Manager ver. 3.20

What's new:

  1. additional options of panel zoom: 80%, 200%, 225%, 250%
  2. added a dialog box where you can set the exact level of the opening price (showing by a Ctrl + left-click on the open bar)

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  1. including commission in lot calculations

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  1. two pin states SL and TP: a single click on the pin is a SL / TP pinned that can be moved with the mouse; a double click is an SL / TP pinned without the possibility of moving the mouse
  2. support for symbols with lot lower than 0.01

Attached Image (click to enlarge)
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  1. improvement of the prefix and suffix auto-detection procedure
  2. exclusion of the import of SL and TP values from the settings of other symbols


You can read more about the changes here: https://investsoft.eu/blog/index.php...w-in-ver-3-20/

  • #88
  • Jun 18, 2021 7:39am Jun 18, 2021 7:39am
Are any of the pending orders virtual or hidden from the broker ?
He was looking for the card so high and wild hed never need to deal another
  • #89
  • Jun 19, 2021 4:16am Jun 19, 2021 4:16am
Quoting dr_who
Are any of the pending orders virtual or hidden from the broker ?
This option is not available in Trade Manager yet but we are constantly working on new updates and soon the option of hidden SL and TP and hidden pending order will also be available.
We are currently working on extending the opened orders management functionality and this will be released in the next update.
The next step is to add a "stealth mode" to the Trade Manager.

I'd like to remind you that all future updates are available for free for those who purchased a lifetime license.
  • #90
  • Jul 6, 2021 8:43pm Jul 6, 2021 8:43pm
Quoting kurisu
Check this trading manager tool. https://youtu.be/g1jVwqASEnE {file}
Inserted Video
  • #91
  • Jul 19, 2021 2:27pm Jul 19, 2021 2:27pm
Hi, I read all your updates in this topic, impressive work overall, I would definitely buy your software if you can add the following features:

1- Stealth mode: Have the option to hide pending orders, SL & TP from the broker on MT4, just keep it in your EA and activate them when price reaches them.
2- Ask Line: Have the option to close order when price line hits target and do not wait for ask line to hit it. The reason for this is because many of my winning trades turn into losing trades because main price line reaches the target and the reveres before Ask Line hits the target. I have tried different methods including putting the target lower, but still I struggle with this issue.
  • #92
  • Jul 20, 2021 8:53am Jul 20, 2021 8:53am
Quoting DastanKarim
Hi, I read all your updates in this topic, impressive work overall, I would definitely buy your software if you can add the following features: 1- Stealth mode: Have the option to hide pending orders, SL & TP from the broker on MT4, just keep it in your EA and activate them when price reaches them. 2- Ask Line: Have the option to close order when price line hits target and do not wait for ask line to hit it. The reason for this is because many of my winning trades turn into losing trades because main price line reaches the target and the reveres...
Hello DastanKarim,

We are constantly improving our products and introducing new features to the Trade Manager program and beyond. We are currently working on an advanced open order management panel, which will be published in the next Trade Manager update.
In the next step, we will add a stealth mode, i.e. hidden Stop Loss and Take Profit and hidden pending orders.

As for the Ask line, it is a general rule in the forex market that we open a trade at the Ask price and close at the Bid price (or vice versa for a sell transaction). Spread = Ask - Bid this is the cost that the trader pays for opening a transaction.
Some brokers offer Zero Spread accounts, i.e. we only have the Bid price (in other words the Ask price is equal to the Bid price), but when opening a transaction, the broker charges a commission anyway. Transaction costs cannot be avoided.
  • #93
  • Jul 20, 2021 2:29pm Jul 20, 2021 2:29pm
Thank you for the detailed reply.

I am glad stealth mode is already in your plans, looking forward to seeing it.

As for ask line, I am aware of spread standards, this was not my issue. My issue is the target. For example, my buy target for Gold is 1820.20, price line hits the target, but ask line is yet 30 points behind (the spread) from the target, then price reveres before ask line hits the target.

I need an EA to close my order as soon as the main price line hits the target (in this case 1820.20) without waiting for ask price line to reach the target.

Overall, your EA covers most of my needs, can I forward test it for a week or two on demo before deciding to purchase/rent it?
  • #94
  • Jul 21, 2021 6:16am Jul 21, 2021 6:16am
Quoting DastanKarim
Thank you for the detailed reply. I am glad stealth mode is already in your plans, looking forward to seeing it. As for ask line, I am aware of spread standards, this was not my issue. My issue is the target. For example, my buy target for Gold is 1820.20, price line hits the target, but ask line is yet 30 points behind (the spread) from the target, then price reveres before ask line hits the target. I need an EA to close my order as soon as the main price line hits the target (in this case 1820.20) without waiting for ask price line to reach the...
sorry but i didn't understand well what you mean with the Ask line.

I think that in the situation you describe, the solution will be an advanced trailing stop, which we will also add to the Trade Manager soon. For now, I will not reveal the details of the TS action, but it solves the problem when the price approaches our target but does not reach it and returns. An advanced trailing stop will cause that in the worst case we will lose only a small % of the already earned but not yet realized profit.

Anyone can test the Forex Trade Manager for free for 7 days before purchasing it.
Ask for a trial version here: https://www.investsoft.eu/contact and specify if you need MT4 or MT5 version.
  • #95
  • Aug 23, 2021 7:27am Aug 23, 2021 7:27am
Hi GruffyDD ,I trade with a 2.5RR and i move my stop to break even at 1RR which your trade manager has but i also move my stop to 1RR when price reaches 2RR. I was wondering if there is an option for that. Im sorry if you already answered this question Thanks for you time your manager looks wonderful.
  • #96
  • Aug 24, 2021 3:55am Aug 24, 2021 3:55am
Quoting Dino10
Hi GruffyDD ,I trade with a 2.5RR and i move my stop to break even at 1RR which your trade manager has but i also move my stop to 1RR when price reaches 2RR. I was wondering if there is an option for that. Im sorry if you already answered this question Thanks for you time your manager looks wonderful.
Hi Dino10,

To achieve the goal described by you, you can use the Break Even and Trailing Stop options. In Break Even you can easily set the activation at 1 RR, while in Trailing Stop you would have to use the % values. With a fixed TP set at 2.5 RR, the distance of 1 RR is 40% of the distance to TP and 2 RR is 80%, so you can set trailing stop activation = 80% and Trailing = 50%, i.e. protection of half of the already earned profit (1 RR).
Attached Image

I added the RR option to the Trailing Stop parameters to the to-do list for the Trade Manager.
  • #97
  • Aug 24, 2021 4:32am Aug 24, 2021 4:32am
Quoting Gruffydd
{quote} Hi Dino10, To achieve the goal described by you, you can use the Break Even and Trailing Stop options. In Break Even you can easily set the activation at 1 RR, while in Trailing Stop you would have to use the % values. With a fixed TP set at 2.5 RR, the distance of 1 RR is 40% of the distance to TP and 2 RR is 80%, so you can set trailing stop activation = 80% and Trailing = 50%, i.e. protection of half of the already earned profit (1 RR). {image} I added the RR option to the Trailing Stop...
Its gonna make my life so much easier thank you very much
  • #98
  • Aug 26, 2021 8:53am Aug 26, 2021 8:53am
Quoting Dino10
{quote} Its gonna make my life so much easier thank you very much
I am glad that it is helpful for you. Soon there will be an "RR" option in Trailing Stop so it will be even easier to set up.
  • #99
  • Sep 19, 2021 5:11pm Sep 19, 2021 5:11pm
Quoting Gruffydd
Do you think that placing orders and managing open transactions could be easier in the metatrader? Do you think you need a simple and intuitive tool that will allow you to handle transactions in one place? There is solution, it is EA Forex Trade Manager. Whit this tool you can: easy to plan each transaction calculate how much you can gain and how much you loss on one trade just before you decide to open it (money management) opening trades quickly manage opened trades https://youtu.be/-OBT7FLBAvA Forex Trade Manager has: intuitive, visual...

Hey how's it going I purchased your EA on MT4 while back. I just got the MT5 version and I ran into an issue. I can't use the mouse to change the TP and SL the whole UI on the chart dissappeared and i cannot click or change parameters between sell or buy. The Box on the left is still there so I can change all of that but it end but on the actual chart I don't see the The red and green anymore. I uninstalled the EA and reinstalled it and that did not help it come back. This is the best trade manager btw Really made my trading easy.
  • #100
  • Sep 20, 2021 3:20am Sep 20, 2021 3:20am
Quoting SupremeDream
{quote} Hey how's it going I purchased your EA on MT4 while back. I just got the MT5 version and I ran into an issue. I can't use the mouse to change the TP and SL the whole UI on the chart dissappeared and i cannot click or change parameters between sell or buy. The Box on the left is still there so I can change all of that but it end but on the actual chart I don't see the The red and green anymore. I uninstalled the EA and reinstalled it and that did not help it come back. This is the best trade manager btw Really made my trading easy.


Hey nevermind i have figured it out i had to open the data folder go to MQL5/files then deleted the trade manager folder. Once i reopened my terminal the EA functioned normally. I hope this helps anyone else in the same predicament. Happy trading!
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