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EA Trade Manager MT4 & MT5

  • #181
  • Oct 2, 2022 2:43pm Oct 2, 2022 2:43pm
Quoting Gruffydd
{quote} Hello Fagin and Ojujuking Of course, such delays are unacceptable and undermine the sense of the program, but this is not standard program behavior. This happens rarely and a very large group of traders use the program successfully every day, but each time we encounter such behavior it was related to the operation of any of the background programs or indicators (unfortunately, there are still indicators that perform calculations for all bars...
Hi thanks for the reply.

I’ll try it again tomorrow on a plain chart with no indicators. Currently I have 2 ema’s, a pívot indicator and a candle time counter with a trade / pip counter.
I’ve run another trade manager with this set up with no lagging… so it shouldn’t be slowed down by these really?

cheers

F
  • #182
  • Oct 3, 2022 2:16am Oct 3, 2022 2:16am
Quoting Fagin
{quote} Hi thanks for the reply. I’ll try it again tomorrow on a plain chart with no indicators. Currently I have 2 ema’s, a pívot indicator and a candle time counter with a trade / pip counter. I’ve run another trade manager with this set up with no lagging… so it shouldn’t be slowed down by these really? cheers F
H,i this is now fully functional without my Pivot indi, not a dealbreaker as it isn't essential to me. Does the EA slow down if there are lines on the chart?

Thanks

F
  • #183
  • Oct 3, 2022 7:51am Oct 3, 2022 7:51am
Hello,
It's nice that the reason was found. In general, the program should work well with other indicators as well, but it all depends on how powerful the computer is and how the programs we have running are optimized. In most cases, the programs work together without any problems, but we have already seen indicators that are apparently not complicated, but were made in such a way that they could overload even the newest and powerful computers (usually old indicators for MT4).
It must be taken into account that the problem is not always how many objects are on the chart, but what calculations a given indicator must perform. The indicator calculation is triggered with each new tick. When the indicator is well written, it does the calculation once for all bars at start-up and then, on a new tick, it recalculates only for the last or a few last candles. On the other hand, the problem begins when indicator need to do calculations for all candles in the history for each new tick. If there are several thousand of bars, then you can imagine what power you need if there are several indicators on the chart that perform all these calculations with each tick.
We also talked over Zoom today with Ojujuking and in this case, indicators were also an issue. On our part, we always optimize the code and whenever there is room for improvement, we do it.
  • #184
  • Oct 3, 2022 8:17am Oct 3, 2022 8:17am
Quoting Gruffydd
Hello, It's nice that the reason was found. In general, the program should work well with other indicators as well, but it all depends on how powerful the computer is and how the programs we have running are optimized. In most cases, the programs work together without any problems, but we have already seen indicators that are apparently not complicated, but were made in such a way that they could overload even the newest and powerful computers (usually old indicators for MT4). It must be taken into account that the problem is not always how many...
Hi thanks for the info. I think the Trade Manager is very good and I'm currently live trading it now without any issues. Will you be programming a C Trader version in the near future given that some brokers are moving over to it?
  • #185
  • Oct 4, 2022 5:47am Oct 4, 2022 5:47am
Quoting Fagin
{quote} Hi thanks for the info. I think the Trade Manager is very good and I'm currently live trading it now without any issues. Will you be programming a C Trader version in the near future given that some brokers are moving over to it?
Thank you and I'm glad everything is working fine now. For now, cTrader has a small market share in forex trading platforms, but we are constantly observing trends and at the right moment we will publish a Trade Manager for cTrader.
  • #186
  • Oct 6, 2022 10:49am Oct 6, 2022 10:49am
Hi!

Is there a way to auto-reverse calculate the lot sizes as I change the SL while drawing based on the risk equity/risk balance/cash amount?
Basically, no matter how small or large the SL, the risk per trade will be the same as I inputted into the panel.

Currently, the lot calculation is calculated from the SL inputted in the panel but it'll change as I make the SL smaller/bigger (which some people want but hoping for the other option as well).

Thanks so much for the help!

Cheers
  • #187
  • Oct 7, 2022 9:55am Oct 7, 2022 9:55am
Quoting clerith
Hi! Is there a way to auto-reverse calculate the lot sizes as I change the SL while drawing based on the risk equity/risk balance/cash amount? Basically, no matter how small or large the SL, the risk per trade will be the same as I inputted into the panel. Currently, the lot calculation is calculated from the SL inputted in the panel but it'll change as I make the SL smaller/bigger (which some people want but hoping for the other option as well). Thanks so much for the help! Cheers
Hi clerith,

In the Trade Manager, the risk you define on a single trade can otherwise be defined as the amount you lose in a negative scenario, i.e. the price will hit SL. Therefore, the calculation of the trade size is strictly related to the stop loss size.
However, please specify exactly how the transaction size should be calculated if it is to be independent of the stop loss? Do you mean the size of the margin needed to open a trade? It's best to give an example so that we understand it well.
  • #188
  • Oct 10, 2022 5:45pm Oct 10, 2022 5:45pm
Hi Gruffydd nice EA, could you please add bracketing e.g by some broker max lot size less than others so if i want to buy 100 lots and i set max lot size 20 lots it will split the order automatically 5x20 lots, thanks
  • #189
  • Oct 12, 2022 3:50am Oct 12, 2022 3:50am
Quoting Cyberforex
Hi Gruffydd nice EA, could you please add bracketing e.g by some broker max lot size less than others so if i want to buy 100 lots and i set max lot size 20 lots it will split the order automatically 5x20 lots, thanks
Hi Cyberforex,

Each symbol in the Metatrader has the parameters set to the maximum allowable size of a single transaction (max. volume). However, when trading with a large deposit, this is a problem as even when assuming a low-risk trade, this limit is often reached. To solve this problem, we introduced an option in the program 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:

  1. 1st trade of 50 lots (max. allowable lot per transaction)
  2. 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.

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However, you can define the size of a single part yourself in the Maximum Lot parameter.

For example, we want to open a trade of 100 lots, but the selected symbol allows us to open a trade of max. size, e.g. 50 lots, then with the setting Unlimited Lot = true and Maximum Lot = 0 the program will open 2 orders of 50 lots (100 lots in total).

If, however, we set Unlimited lot = true and Maximum Lot = 20, then the program will open 5 transactions of 20 lots.

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See example video:

Inserted Video
  • #190
  • Oct 24, 2022 6:19pm Oct 24, 2022 6:19pm
Hello. So lets say I setup a trade with 2 profit targets. Is it possible for the Trade manager to move my SL to breakeven when I hit the first target? If so how do I do it? Is there a video or blog showing how to do this anywhere? Thanks
  • #191
  • Oct 25, 2022 10:23am Oct 25, 2022 10:23am
Quoting olufemig
Hello. So lets say I setup a trade with 2 profit targets. Is it possible for the Trade manager to move my SL to breakeven when I hit the first target? If so how do I do it? Is there a video or blog showing how to do this anywhere? Thanks
Hello,

In the Trade Manager, the function of partial closing of a transaction and automatic Break Even work independently, but you can set them in such a way that they perform an action at the same time, i.e. closing part of the transaction and moving SL to BE. All you have to do is set the activation level for both functions to the same.

Let's consider the example. We want to close half of the trade when the trade reaches 30 pips profit, then we set the following parameters:
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Another example is the closing of 25% of the trade when the price reaches RR = 1:1
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A detailed description of the features can be found in the Trade Manager user guide here: https://investsoft.eu/blog/index.php...r-user-manual/

See also the video about Break Even:
Inserted Video
  • #192
  • Dec 10, 2022 6:07am Dec 10, 2022 6:07am
Did the Ea manages trades opened on MT4 mobile ?
  • #193
  • Dec 12, 2022 3:19am Dec 12, 2022 3:19am
Quoting fouadzizou
Did the Ea manages trades opened on MT4 mobile ?
Trade Manager MT4/MT5 can manage trades opened outside the program (manually via smartphone or by another EA).

All you can do is run the Trade Manager program on your VPS or your home computer and place orders on the same account from your phone (without using the Trade Manager program) and the Trade Manager program will only manage open transactions providing features such as automatic break even, trailing stop, partial close, OCO, autoset stop loss and take profit etc.

So that the program "sees" these orders you just need to go to EA Trade Manager settings window (press F7) and set "Only current magic No" = FALSE.
  • #194
  • Feb 13, 2023 6:08am Feb 13, 2023 6:08am
Trade Manager MT4 and MT5 ver. 3.36 is available with the following changes:

  1. hotkeys
  2. trading alerts
  3. current spread visible in main panel
  4. new function to include spread in Stop Loss and Take Profit
  5. new tags to show current profit as % of account balance/equity
  6. possibility to run cyclic refreshing of SL and TP distance based on ATR
  7. possibility to modify only SL or only TP for a group of order

Attached Image (click to enlarge)
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------------------------------------------------------------------------------------------------------------------------
EA Trade Manager for MT4: https://www.mql5.com/en/market/product/37228
EA Trade Manager for MT5: https://www.mql5.com/en/market/product/39150
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  • #195
  • Feb 14, 2023 4:13pm Feb 14, 2023 4:13pm
Can this trade manager scan for trades entered on another platform. I use Tradingview to analyze and place pending orders on Oanda. I need a trade manager to manage active trade parameters, once the trade is executed I need an EA to scale out at predefined levels and move my SL to predefined levels that I have set after placing pending order. Can your EA find the trade and enable me to set the parameters?
  • #196
  • Feb 15, 2023 4:09am Feb 15, 2023 4:09am
Hello there, Dpollock1. If you can connect the same account in the MT4 or MT5 platform so that the orders you place via tradingview are visible in the metatrader platform, then the program is able to take control and manage them.
Yes, we have the option of managing your trades through partial orders. You can set partials by %,RR,Pip,Price, and you can also set breakeven or trailing stops once the price reaches a certain level. If you want to learn more about how our product works and take advantage of our 7-day trial.
I'll gladly respond and send you the 7-day trial.

If you have more questions you can contact us
  • #197
  • Feb 23, 2023 4:07am Feb 23, 2023 4:07am
Trading Alerts in Trade Manager MT4/MT5

We have introduced the function of notifications about trades managed by Trade Manager.

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In the program settings, you can choose for which actions the program should send a notification:

  1. Open Market Order
  2. Close Market Order
  3. Place Pending Order
  4. Activate Pending Order
  5. Delete Pending Order

In addition, you can choose the method of notification:

  1. sound notification along with a message on the screen
  2. sending an email
  3. sending a notification to a smartphone.

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  • #198
  • Mar 7, 2023 9:30am Mar 7, 2023 9:30am
Stealth mode for SL / TP – possibility to hide stop loss or take profit in the Trade Manager MT4 / MT5

Many traders are concerned about the so-called “stop loss hunting” by brokers and would like to hide the location of its SL or TP. Therefore, in the new version of the program, we have introduced the possibility of setting a virtual stop loss / take profit.

To set the virtual mode for SL / TP, click the SL or TP button in the main panel and select the Virtual option in the window. Then each new order will have a virtual SL / TP set.

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You can also set the hidden mode for only this selected order in the order parameters window:

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Physically, the SL / TP is not set in the order, and only the program remembers the designated levels and marks them with horizontal lines on the chart. After hovering over the line, a tooltip is displayed with information about which trade the line is from.

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Stop Loss and Take Profit modification can only be done from the level of the open / stop / target block or the order modification panel.

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EA Trade Manager for MT4: https://www.mql5.com/en/market/product/37228
EA Trade Manager for MT5: https://www.mql5.com/en/market/product/39150
------------------------------------------------------------------------------------------------------------------------
  • #199
  • Mar 16, 2023 8:56am Mar 16, 2023 8:56am
Include spread in Stop Loss and Take Profit in the Trade Manager MT4 / MT5

In Trade Manager version 3.36 we added the function of taking into account the spread value in the distance of SL and TP when placing an order.

In the program configuration, in the “Spread Multiplier” field, you can specify the multiple of the spread value that should be taken into account when placing an order. Setting “Spread Multiplier” = 0 disables the function of including the spread in orders.

If you set the value, e.g. 2, then when placing an order, the SL and TP distance will be increased by twice the spread value.

Let’s take an example, we plan to set up a pending order with SL = 50 pips and TP = 50 pips and the current spread is 1.9 pips.
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Therefore, when we click to place a pending order, then the program will automatically increase the SL and TP by 2×1.9 pips = 3.8 pips
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Note that the program has also adjusted the trade size so as not to exceed the set trade risk.

After placing the order, the program restored the original SL and TP values.
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This can be used both when placing market and pending orders.
  • #200
  • Apr 13, 2023 4:23am Apr 13, 2023 4:23am
Video of stealth mode in Forex Trade Manager to hide your stop loss levels in MetatTrader platform - MT4 and MT5

Inserted Video


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