Can you set how much of the account cash to use?
For example, I have 1k account.
I want to trade 5% of 100 dollars of that balance.
thx
For example, I have 1k account.
I want to trade 5% of 100 dollars of that balance.
thx
- #142
- Feb 23, 2022 4:36am Feb 23, 2022 4:36am
Can you set how much of the account cash to use? For example, I have 1k account. I want to trade 5% of 100 dollars of that balance. thx
A basic idea of lot calculation in the Trade Manager based on risk % is to define max. amount to lose in the one trade when the SL hit (pessimistic scenario).
In your case if you want to risk 5% of $100 = $5 when balance is $1000 then it means your risk based on current balance is 0.5% (0.5% of $1000 = $5).
So in this case you can chose lot calculation type:
- Risk Balance – with this type, you can define in the field “Risk” max allowed risk% per trade and program calculate lot size based on stop loss distance and% of account balance. Next to the “Risk Balance” option, the calculated risk value in the account currency will be displayed.
- Cash Amount – with this option, you can define fixed value of stop loss in the account currency, and the Trade Manager will be automatically calculating lot size when you will be changing stop loss distance by moving lines on chart or just define its value in the SL field on the panel.
- #144
- Mar 11, 2022 5:01am Mar 11, 2022 5:01am
Hello Gruffy, thanks a lot for this awesome EA, Can you add one things ? I used a lot the partial profit closing module wich is very cool But all my trade have different level of profits can you add multiples lines with drag and drop functions like the TP and SL to use TP1 TP2 TP3 TP4 I'm a scalper and lots of my friends are Scalpers and this can be a huge functionnality for us if we can drag and drop from the entry lines the multiples tps or click from the button as you wish and can be updated in live this can be huge Thanks a lot if you take time...
I think that this is what we are working on now.
Look at this materials and let me know if it is what you are looking for.
This is presented for a planned trade but will be also available the same also for placed order (pending and market).
If you have any suggestions to this let me know.
{quote} Hello OilMazout, I think that this is what we are working on now. Look at this materials and let me know if it is what you are looking for. This is presented for a planned trade but will be also available the same also for placed order (pending and market). {image} {image}{file} If you have any suggestions to this let me know.
Also if you ever get the chance to add account/equity protection options.
I.E if a $10,000 account, option to automatically close all trades when account reaches $11,000/10% profit for example.
Or Close all trades when overall DD or daily DD reaches -$1000/-10% for example.
Obviously when these are triggered, then it will automatically reset back to default
This would be good for some of us that use prop firms.
Cheers bud.
- #148
- Mar 14, 2022 8:22am Mar 14, 2022 8:22am
{quote} That function would be ideal mate, I would definetely make use of the adjustable partial profit lines.
Thanks for the suggestion. It is planned and there is even a code prepared for this function, it only remains to create an interface for this function and test it. But first we will publish an update with lines TP1, TP2, ...
- #149
- Mar 14, 2022 8:24am Mar 14, 2022 8:24am
{quote} If you have tp1-2-3-4 turned on in settings will the lines automatically appear on the chart once you have market entered the trade?
The lines TP1, TP2, ... for a market or pending order will be visible, but only when you click on the order information bar and expand the block:
- #150
- Apr 25, 2022 9:06am Apr 25, 2022 9:06am
We have just released the newest version of EA Trade Manager ver. 3.34
What's New in Version 3.34:
What's New in Version 3.34:
- visualization of partial closing levels on a chart
- new tags have been added to the text configuration
- improvement and optimization of the open/stop/target block operation
- abandoning the transparency of texts on the bars in open/stop/target block
- the possibility of increasing the height of the bars in open/stop/target block
- correct work with chart templates
- added possibility to trade a lot greater than max. allowed lot (divided into few trades).
- #151
- Apr 27, 2022 4:50am Apr 27, 2022 4:50am
Visualization of partial closing levels on a chart in the Trade Manager
The main change in EA Forex Trade Manager ver. 3.34 is adding visualization of partial profit or loss closing levels.
After enabling a selected level, an additional bar appears in the open / stop / target block representing the given level of partial transaction execution. The level of transaction execution can be adjusted by moving the bar on the chart or changing the settings on the main panel for a planned transaction or in the order panel for orders already placed.
When a certain partial closure level is realized it becomes “inactive”. The color of this level changes and you cannot drag it on the chart, change its settings in the panel nor deactivate it.
The texts displayed on the bars at partials levels can be set in the program configuration. As before, you can configure separate texts for planned, pending and market orders.
Additionally, in the Trade Manager parameters, you can set the appearance and operation of the partial close levels:
The main change in EA Forex Trade Manager ver. 3.34 is adding visualization of partial profit or loss closing levels.
After enabling a selected level, an additional bar appears in the open / stop / target block representing the given level of partial transaction execution. The level of transaction execution can be adjusted by moving the bar on the chart or changing the settings on the main panel for a planned transaction or in the order panel for orders already placed.
- #155
- May 12, 2022 4:25pm May 12, 2022 4:25pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #158
- May 16, 2022 5:51am May 16, 2022 5:51am
{quote} Hi mate, is this option available? It would come in pretty handy. I keep hitting max lot size on NAS and have to manually open 2 positions. Cheers
Yes, we introduced an option in the Trade Manager ver. 3.34 that would calculate the actual lot size based on the risk given without limits, and then submit several orders to have the requested amount open in total.
For example, if we have a symbol for which the maximum volume is 50 lots, and according to the given risk, we should open a transaction of 80 lots, then the program will calculate the amount of the transaction equal to 80 lots, and when a BUY or SELL transaction is requested, the program will open two transactions:
1st trade of 50 lots (max. allowable lot per transaction)
2nd trade of 30 lots
which will result in a total of 80 lots open trades.
To activate this function, set “Unlimited Lot” = TRUE in the program parameters.
- #160
- May 17, 2022 9:48am May 17, 2022 9:48am
hi if i want to have a take profit of 3R and i want my stoploss to go to breakeven plus 1 pip at 1R and use risk of balance can you show me the setup please and thank you
Follow this steps:
1. Set the Risk Reward Ratio = 3.00 in the configuration tab
2. Set the method of calculating the lot size based on the account balance
3. Set the % risk
4. Activate the R: R function
5. Draw lines on the chart and adjust the opening level (for pending orders) and the SL level. The TP price will be automatically adjusted based on the set R:R. At this moment, the program will also automatically calculate the lot size based on the set risk percent of account balance and the distance between SL and the opening price.
6. Set the Break even parameters:
- activation = 1 RR
- profit = 1 pip
and activate it
7. Place an order by clicking the (pending) buy / sell button on the panel.
