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EA Trade Manager MT4 & MT5

  • #201
  • May 1, 2023 5:46am May 1, 2023 5:46am
Video that shows how to use hotkeys (shortcuts) in Forex Trade Manager to place pending orders or open market orders quickly and easily on the MetaTrader platform - MT4 and MT5

Inserted Video


#hotkeys, #hotkeysmt4, #hotkeysmt5, #shortcutsmt4, #shortcutsmt5, #placingordersfaster, #fastplacingorderforex, #forex, #forextrading, #trademanager, #forextrademanager, #tradingpanel, #riskrewardratio, #riskrewardratiotool, #positionsizecalculator, #tradingpanel, #metatrader, #mt4, #mt5
  • #202
  • Edited 3:35pm May 2, 2023 1:04pm | Edited 3:35pm
Quoting Gruffydd
Video that shows how to use hotkeys (shortcuts) in Forex Trade Manager to place pending orders or open market orders quickly and easily on the MetaTrader platform - MT4 and MT5 https://www.youtube.com/watch?v=VIuArMWpBc0 #hotkeys, #hotkeysmt4, #hotkeysmt5, #shortcutsmt4, #shortcutsmt5, #placingordersfaster, #fastplacingorderforex, #forex, #forextrading, #trademanager, #forextrademanager, #tradingpanel, #riskrewardratio, #riskrewardratiotool, #positionsizecalculator,...
Hi Gruffydd, ive got a suggestion for a future update that alot of us will find usefull.

The ability to set the EA to close all open trades at average price.

I.E for traders that are using averaging in, averaging down methods, and using multiple entries and will allow them to get out at an overall breakeven price
  • #203
  • May 3, 2023 4:14am May 3, 2023 4:14am
Quoting Paulscaff1
{quote} Hi Gruffydd, ive got a suggestion for a future update that alot of us will find usefull. The ability to set the EA to close all open trades at average price. I.E for traders that are using averaging in, averaging down methods, and using multiple entries and will allow them to get out at an overall breakeven price
Hello Paulscaff1

Thanks for your suggestion. We have on the to-do list of the Break Even feature common to all orders opened for the symbol on which Forex Trade Manager is running, including marking this level on the chart. If you have an idea how to extend the common Break Even function, please describe it with details and examples.

P.S. Soon we will release a new update of Trade Manager ver. 3.37
  • #204
  • May 8, 2023 4:47pm May 8, 2023 4:47pm
I'm getting strange behavior when I try to open multiple pending orders, 1 each on multiple different charts/pairs. Clicking on the pencil icon sometimes results in no action. Can edit settings via f7 however if I remove the EA, the graphical interface remains on the chart. I suspect maybe I can't use the same magic number on multiple charts? However there are times that it works and times that it does not.

2 or more charts
same magic number
Attached Image (click to enlarge)
Click to Enlarge Name: ICT 001-05-08-2023 1745est.jpg Size: 296 KB
  • #205
  • May 9, 2023 5:29am May 9, 2023 5:29am
Quoting DowScalper
I'm getting strange behavior when I try to open multiple pending orders, 1 each on multiple different charts/pairs. Clicking on the pencil icon sometimes results in no action. Can edit settings via f7 however if I remove the EA, the graphical interface remains on the chart. I suspect maybe I can't use the same magic number on multiple charts? However there are times that it works and times that it does not. 2 or more charts same magic number {image}
Hello DowScalper

There is no problem using Forex Trade Manager MT4 / MT5 on several charts.
If you have "Only Current Symbol"=TRUE (as you have set) then you can use the same magic number and there is no conflict here.
Please contact our technical support via https://www.investsoft.eu/contact. Send detailed information about the problem and attach screenshots. Our specialists will help you solve problems with the program and, if necessary, connect remotely via zoom.
  • #206
  • May 9, 2023 3:28pm May 9, 2023 3:28pm
Quoting Gruffydd
{quote} Hello DowScalper There is no problem using Forex Trade Manager MT4 / MT5 on several charts. If you have "Only Current Symbol"=TRUE (as you have set) then you can use the same magic number and there is no conflict here. Please contact our technical support via https://www.investsoft.eu/contact. Send detailed information about the problem and attach screenshots. Our specialists will help you...
Thank you. Behavior is as expected on a fresh MT4 install with a separate broker. Will give this a go with the broker in question and if the issue persists, I'll reach out.
  • #207
  • May 10, 2023 9:02am May 10, 2023 9:02am
Quoting DowScalper
{quote} Thank you. Behavior is as expected on a fresh MT4 install with a separate broker. Will give this a go with the broker in question and if the issue persists, I'll reach out.
Great. We are glad that now everything is working properly. If you have any questions or problems, please don't hesitate to contact us.
  • #208
  • May 17, 2023 9:37am May 17, 2023 9:37am
Traders with large deposits, such as those who have passed the next stages of the prop firm challenges and manage big accounts, struggle with the limited volume of a single market transaction. Even if you set the % Risk in accordance with the best money management rules, it will exceed the lot size limit of a single transaction.

To address this issue, we added the "Unlimited Lot" function to Forex Trade Manager MT4 / MT5, which splits large orders into several smaller orders.

In this video we show how the "Unlimited Lot" feature in Forex Trade Manager works, which splits big lot trades into several smaller trades, and how to manage those trades.
Inserted Video


#unlimitedlot, #splitorders, #splittrades, #forexbigmoney, #moneymanagement, #riskmanagement, #propfirmchallenge, #passchallenge, #FTMO, #TrueForexFunds, #MyForexFunds, #forex, #forextrading, #trademanager, #tradingpanel, #riskrewardratio, #positionsizecalculator, #metatrader, #mt4, #mt5
  • #209
  • Jun 9, 2023 8:15am Jun 9, 2023 8:15am
Trade Manager MT4 and MT5 ver. 3.37 is available with the following changes:

  1. added virtual/hidden pending orders
  2. added trailing pending orders
  3. added Limit Pullback Orders
  4. added automatic correction of the SL and TP distance after placing the market order
  5. implemented expanding/collapsing sections in the main panel
  6. added possibility to disable (hide) spread
  7. fixes and improvements

Attached Image (click to enlarge)
Click to Enlarge Name: order_params_3_37.png Size: 23 KB


------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------
  • #210
  • Jun 11, 2023 7:15am Jun 11, 2023 7:15am
How to update my current version 3.36? Download link?

Quoting Gruffydd
Trade Manager MT4 and MT5 ver. 3.37 is available with the following changes: added virtual/hidden pending orders added trailing pending orders added Limit Pullback Orders added automatic correction of the SL and TP distance after placing the market order implemented expanding/collapsing sections in the main panel added possibility to disable (hide) spread fixes and improvements {image} ------------------------------------------------------------------------------------------------------------------------...
  • #211
  • Jun 12, 2023 2:35pm Jun 12, 2023 2:35pm
Quoting Badguy
How to update my current version 3.36? Download link? {quote}
Hello Badguy,
Please contact our technical support at https://www.investsoft.eu/contact and we will guide you through the program update process.
  • #212
  • Jun 13, 2023 9:49am Jun 13, 2023 9:49am
Have received the download link

Quoting Gruffydd
{quote} Hello Badguy, Please contact our technical support at https://www.investsoft.eu/contact and we will guide you through the program update process.
  • #213
  • Jun 19, 2023 9:42am Jun 19, 2023 9:42am
Spread is the difference between the exchange rate that a forex broker sells a currency, and the rate at which the broker buys the currency. For every forex trader and not only, it is a hidden transaction cost that reduces the probability of a winning trade. When we place SL and TP at large distances from the opening price (usually medium or long-term trade), the spread does not have such a big impact on our strategy. However, the shorter the Stop Loss we place, the more impact the spread has on our trades. That is why many traders in their forex trading strategies (e.g. in scalping) increase their short Stop Loss by the current spread size or its multiple.

In order to make placing trades taking into account the spread as simple and fast as possible for such forex strategies, we have added to the Forex Trade Manager MT4/MT5 the function of automatically increasing the Stop Loss and Take Profit by the size of the spread.

In this video we present how to set the Spread function in the program so that the program extends the SL and TP by the Spread amount when placing each new transaction.
Inserted Video

#spread, #includespread, #addspread, #spreadmultiplier, #addspreadtoSL, #addspreadtoTP, #spreadforexstrategy, #spreadtradingstrategy, #multiplespread, #automaticaddingspread, #automaticspread, #forex, #forextrading, #trademanager, #tradingpanel, #riskrewardratio, #riskrewardratiotool, #positionsizecalculator, #tradingpanel, #metatrader, #mt4, #mt5, #bestriskcalculator, #riskcalculatorforex, #riskcalculatorindicies, #riskcalculatorcrypto
  • #214
  • Jul 14, 2023 8:24am Jul 14, 2023 8:24am
In the recent update of Forex Trade Manager MT4 & MT5 ver. 3.37 we introduced the option of virtual pending orders. Virtual pending orders, similarly to the Virtual SL and TP option, do not send the order to the broker, but the program remembers the parameters of the order, such as the opening price, SL, TP, transaction size, etc. and monitors the price movement on an ongoing basis. When the price of the forex market reaches the opening price, the Forex Trade Manager places a market order.

To place a hidden pending order in the program, select the "Virtual Pending Order" option in the main panel
Attached Image (click to enlarge)
Click to Enlarge Name: chb-virtual-pending-order.png Size: 13 KB

and proceed in the same way as in the case of placing a standard pending order, i.e. use lines to mark the order activation level, stop and target and click the button to place a pending order.
Attached Image (click to enlarge)
Click to Enlarge Name: hidden-pending-order.png Size: 28 KB
After placing a hidden order, you can modify its parameters as in standard orders, and you can also change a virtual order waiting for a standard order and vice versa.
Attached Image (click to enlarge)
Click to Enlarge Name: visible_pending_order.png Size: 34 KB
  • #215
  • Jul 16, 2023 6:49pm Jul 16, 2023 6:49pm
How do I fix this? Broker doesn't have pre or suffixes.

2023.07.16 19:47:40.025 Forex Trade Manager MT4 AUDNZD,H4: Can't read quotation for any symbol: NZDUSD.var, AUDUSD.var, USDNZD.var, USDAUD.var.
  • #216
  • Jul 17, 2023 5:29am Jul 17, 2023 5:29am
Quoting DowScalper
How do I fix this? Broker doesn't have pre or suffixes. 2023.07.16 19:47:40.025 Forex Trade Manager MT4 AUDNZD,H4: Can't read quotation for any symbol: NZDUSD.var, AUDUSD.var, USDNZD.var, USDAUD.var.
Hi. Forex Trade Manager has detected symbols containing the suffix .var in the symbol name at your broker. You may have them invisible in your symbol list but they are available in the metatrader. If the symbols you trade on your account do not contain any additions in the name, disable the detection of suffixes and prefixes in the program parameters.
Press F7 to open the Trade Manager settings window and in the "------- PREFIX & SUFFIX ----------" section set the parameter "Auto detect" = FALSE.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
  • #217
  • Aug 4, 2023 8:35am Aug 4, 2023 8:35am
Hello,

1. Place comment in comment box on trade manager
2. assign magic number inside trade manager settings
3. save as template
4. open new chart and apply different template than the one created above
5. add trade manager to chart and assign different magic number. no comment entered
6. comments in active and closed trades show comment entered @ #1 when trading on chart @#4
  • #218
  • Aug 8, 2023 8:36am Aug 8, 2023 8:36am
Quoting DowScalper
Hello, 1. Place comment in comment box on trade manager 2. assign magic number inside trade manager settings 3. save as template 4. open new chart and apply different template than the one created above 5. add trade manager to chart and assign different magic number. no comment entered 6. comments in active and closed trades show comment entered @ #1 when trading on chart @#4
Hello,
Sorry for late reply. I just noticed the message now. Next time, please contact our technical support at https://www.investsoft.eu/contact. We reply very quickly.

When it comes to saving the settings from the Trade Manager panel, it happens automatically when the program is closed and the settings are assigned to the chart ID. In the next updates of the program, we will improve the process of saving settings and binding them to the chart and creating templates of settings.
  • #219
  • Sep 12, 2023 1:03am Sep 12, 2023 1:03am
I just wanted to let all know that not only is Trade Manager an awesome tool, but their help desk is also fantastic. Very fast response to every question no matter how trivial is very quick and helpful.
  • #220
  • Sep 12, 2023 5:54am Sep 12, 2023 5:54am
Thank you so much Whidbey means a ton to us!
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