EA Trade Manager MT4 & MT5 | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone has API/scripts to connect MT4 manager and MT4? 8 replies

MT5 import of 1 minute bars from QuantData Manager 0 replies

Simple MT5 Order and Trade Manager 3 replies

Looking for an mt5 Trade Manager EA 1 reply

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Attachments: EA Trade Manager MT4 & MT5
Exit Attachments

EA Trade Manager MT4 & MT5

  • #241
  • Oct 7, 2023 2:05am Oct 7, 2023 2:05am
Quoting Denofx
{quote} Thank you so much premlive117 means a ton to us much appreciate it! This positive messages just keep us going more and more we doing all for you guys! We will introduce alot more features so please be patient with us. Unfortonately mql5 doesnt allow third party programs and we cannot do nothing about thi so far.
you have set files ???
  • #242
  • Oct 8, 2023 11:49pm Oct 8, 2023 11:49pm
Hello, Anna5878 this is not EA BOT its a Trade Manager which helps you with managing your trades and calculate the lot sizes for you etc
  • #243
  • Oct 10, 2023 3:02am Oct 10, 2023 3:02am
Hey all, I have been using the EA Trade Manager and really love it (I bought it for MT4 and MT5 as well). There are a ton of features and I want to explore more of them. I haven't used the Trailing Stop yet, because I don't really understand how to use that correctly. E.g. if I want to move the SL when 1:1.5 RRR is hit, what do I do with "trailing" and "step"? Thanks in advance!
  • #244
  • Oct 10, 2023 5:47am Oct 10, 2023 5:47am
Hey guys, I have also been using EA Trade Manager and am loving it! But I do have a question, what's the easiest way to move all your trades to BE at the same time using the software?
  • #245
  • Oct 10, 2023 7:50am Oct 10, 2023 7:50am
Quoting SenneTr
Hey all, I have been using the EA Trade Manager and really love it (I bought it for MT4 and MT5 as well). There are a ton of features and I want to explore more of them. I haven't used the Trailing Stop yet, because I don't really understand how to use that correctly. E.g. if I want to move the SL when 1:1.5 RRR is hit, what do I do with "trailing" and "step"? Thanks in advance!

Hello,SenneTr thank you so much for your kind words! For example you can check here how trailing stop works :

Trailing stop have 3 parameters to set:
- Start: number of pips of profit to activate trailing stop
- Trailing: when trailing stop will start and move stop loss, here we can define a distance of stop loss to current price
- Step: how many pips of profit causes the move of stop level, i.e. how often stop loss is to be moved
For example. Set parameters:
Start = 10 pips
Trailing = 20 pips
Step = 5 pips
When order will reach 10 pips profit stop loss will be moved to 20 pips from current price, so in the worst scenario when price will back we lost only 10 pips).
When price will move 5 pips upper, we will have 15 pips of unrealized profit and stop loss will be moved a 5 pips closer to current price, so in this worst scenario when price will back we lost only 5 pips...
...and so on

We are coming as well with more new variants for the trailing stop loss so please bare with us
  • #246
  • Oct 10, 2023 7:52am Oct 10, 2023 7:52am
Quoting spectre1
Hey guys, I have also been using EA Trade Manager and am loving it! But I do have a question, what's the easiest way to move all your trades to BE at the same time using the software?
Hello, Spectre1 much appreciate for the kind words! You can check our video here starts at 2:40 this will give you right idea how to properly use it

Inserted Video
  • #247
  • Oct 11, 2023 6:15am Oct 11, 2023 6:15am
This EA changed my trading style. I can trade semi automatic and always have the correct risk in % to lotsize. Im not fan of trading 5 or 10 lots i wanna have my max lots for my risk example 1% so i will have maybe 5.81 .... instead 5 depending on SL also. The trade manager also closing position in profit where i set it at 3 rr or price there many settings.

Anyway i dont know exactly how i can set the trial stop as i dont understand step and when to trail which number has to be lower or higher?
  • #248
  • Oct 11, 2023 9:53am Oct 11, 2023 9:53am
Hello, Stauli thank you so much! Below is example for Trailing stop please read it carefuly :

Trailing stop have 3 parameters to set:
- Start: number of pips of profit to activate trailing stop
- Trailing: when trailing stop will start and move stop loss, here we can define a distance of stop loss to current price
- Step: how many pips of profit causes the move of stop level, i.e. how often stop loss is to be moved
For example. Set parameters:
Start = 10 pips
Trailing = 20 pips
Step = 5 pips
When order will reach 10 pips profit stop loss will be moved to 20 pips from current price, so in the worst scenario when price will back we lost only 10 pips).
When price will move 5 pips upper, we will have 15 pips of unrealized profit and stop loss will be moved a 5 pips closer to current price, so in this worst scenario when price will back we lost only 5 pips...
...and so on

You can check as well here about Trailing stop starts at 2:55

Inserted Video
  • #249
  • Oct 11, 2023 12:22pm Oct 11, 2023 12:22pm
I really love the Forex Trade Manager for MT5.
Use it all the time.

But does anyone know a good way setting up the Break Even function for a trade?

Any other tips on the way?
  • #250
  • Oct 12, 2023 12:49am Oct 12, 2023 12:49am
Quoting morgendugg
I really love the Forex Trade Manager for MT5. Use it all the time. But does anyone know a good way setting up the Break Even function for a trade? Any other tips on the way?
Thank you so much means alot to us morgendugg! That its really hard to say cause it all comes down to invidual itself and a trader, like what is his strategy and approach to markets and obviously his strategy by that i mean the trading edge of the trader itself
  • #251
  • Oct 12, 2023 3:01am Oct 12, 2023 3:01am
hi everyone i use trade manager and i think this is a great tool very easy and useful. but i've a question:
is it possible to set the auto breakeven linked to tp1?
thanks a lot in advance
andrea
  • #252
  • Oct 12, 2023 7:55am Oct 12, 2023 7:55am
Hello, Andrea appreciate the kind words, we are planning to do this in feature updates but our trailing stop new variants will follow partial closing in the new update
  • #253
  • Oct 13, 2023 3:16am Oct 13, 2023 3:16am
Prop Firm Passing Service without Upfront payments.

https://proptraders.xyz
Attached Image (click to enlarge)
Click to Enlarge Name: PTP.png Size: 28 KB
  • #254
  • Oct 13, 2023 4:58am Oct 13, 2023 4:58am
I have a question for the Trade Manager team. I've been using the MT5 version for some time and find anytime |I try to take partial profits, no matter how it is instructed in the relevant boxes, it closes about 75 percent of my position as soon as it is 1 pip in profit rendering whatever happens next more or less meaningless. It even continues to do so when the partial profit option is turned off and the boxes blank.
Can someone explain why this happens and how I can get it to take partials properly. Apart from that Trade Manager does its job, meaningless as that may be at the moment.
  • #255
  • Oct 13, 2023 8:10am Oct 13, 2023 8:10am
Quoting BCS1
I have a question for the Trade Manager team. I've been using the MT5 version for some time and find anytime |I try to take partial profits, no matter how it is instructed in the relevant boxes, it closes about 75 percent of my position as soon as it is 1 pip in profit rendering whatever happens next more or less meaningless. It even continues to do so when the partial profit option is turned off and the boxes blank. Can someone explain why this happens and how I can get it to take partials properly. Apart from that Trade Manager does its job, meaningless...
Hello BCS1,
This may be due to incorrect settings of the partial close trade function or you have a second instance of Trade Manager running in a second chart window for the same symbol. However, to be sure what is the reason for such action, we need to check the information contained in the Log Journal and Expert in the Metatrader platform. Please contact our technical support via https://www.investsoft.eu/contact and send us the necessary information to investigate this case.
  • #256
  • Oct 13, 2023 11:26am Oct 13, 2023 11:26am
Great tool to me after a time using, help my everyday trading become more easy and comfortable ! But i have a question, i see in the input of this tool, there is ''magic number'', what is it ?
  • #257
  • Oct 15, 2023 7:30am Oct 15, 2023 7:30am
Hello, I recently purchased your trade manager for my MT4 terminal, and I'm very satisfied with its performance. I was wondering if there is a feature that allows me to move the stop loss to break even with just one click? Specifically, I'm looking for a functionality that moves the stop loss to break even plus 2-3 points automatically. Can you please confirm if this feature is available in the trade manager.
  • #258
  • Oct 16, 2023 12:52am Oct 16, 2023 12:52am
Quoting lntw7777
Great tool to me after a time using, help my everyday trading become more easy and comfortable ! But i have a question, i see in the input of this tool, there is ''magic number'', what is it ?
Hello, Intw7777 thank you so much for kind words!

Magic Number is – an identifier that is assigned to the orders placed by the Trade Manager. When the program should manage only the transactions submitted by the panel (according to the settings), it selects orders on the basis of this number.
For example, if you have the same magic number on both charts, an expert advisor may decide to close tickets from both charts.
So if you trade Eur/Usd 5m and Eur/Usd 1hr, the 5m signal will get cancelled.
To avoid this, use a unique magic number on each chart. It doesn't matter what the number is... As long as it's a number and it's unique and different from the others.
  • #259
  • Oct 16, 2023 12:55am Oct 16, 2023 12:55am
Quoting pvd2i
Hello, I recently purchased your trade manager for my MT4 terminal, and I'm very satisfied with its performance. I was wondering if there is a feature that allows me to move the stop loss to break even with just one click? Specifically, I'm looking for a functionality that moves the stop loss to break even plus 2-3 points automatically. Can you please confirm if this feature is available in the trade manager.
Hello, pvd2i thank you means a ton to us

Yes you can use that just go to the third tab select breakeven :
In example below Activation 5pips Profit 3pips, so when the trade will be 5pips in profit it will automaticly move your breakeven to profit of 3pips

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
  • #260
  • Oct 18, 2023 4:45am Oct 18, 2023 4:45am
Hi, i have bought the Trade Manager and it works like a charm, it made my trading so much easier!
But i was wondering how do it set partials?
0 traders viewing now