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EA Trade Manager MT4 & MT5

  • #261
  • Oct 18, 2023 11:37am Oct 18, 2023 11:37am
Quoting Xeonide
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?
Hello, Xeonide thank you so much for your nice words!

Please check image below you go to the 2nd tab and then go to Partial profit closing, then you can decide to use Rr,pip,%,price wise you just need to click in the box if you want to change the parameters.

So for example tp 1 25% 25pips means that your trade will close with 25% of your first position with 25pips and so on. I hope this makes sense
Please check video about Partials here to it starts at 3:38

Make sure you click on the tp 1 so you will see Green button like this :


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  • #262
  • Oct 19, 2023 5:04am Oct 19, 2023 5:04am
Hello this tool is amazing. can you please tell me how i can sett the tool for breakeven? how do you sett partials?

Thanks.
  • #263
  • Oct 20, 2023 6:00am Oct 20, 2023 6:00am
Quoting pripan
Hello this tool is amazing. can you please tell me how i can sett the tool for breakeven? how do you sett partials? Thanks.
Hi pripan,

Thanks for using our Forex Trade Manager trading tool!

Watch the video to learn how to set automatic Break Even properly in the program.
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On our blog, you can find more information about Break Even parameters at this address: https://investsoft.eu/blog/index.php...al/#Break_Even

The same applies to the partial closing function, which can be found here: https://investsoft.eu/blog/index.php...d_loss_closing

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  • #264
  • Oct 20, 2023 7:58am Oct 20, 2023 7:58am
So can you activate breakeven and trailing stop at the same time.
so far the trade manager tool has been working very effectively.makes live easier
  • #265
  • Oct 20, 2023 9:14am Oct 20, 2023 9:14am
Quoting Jay10
So can you activate breakeven and trailing stop at the same time. so far the trade manager tool has been working very effectively.makes live easier
Hello, Jay10
Yes you can do that for example you can do Breakeven start at 10 pips and then trailing start at 15pips etc you can play around with the settings but yes you can do that for sure just need to know little bit more your pair and see how it is moving
Like for example below for Trailing stop Eu pair :
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 soon with new trailing stop variants so please bare with us it will offer more options as well!
  • #266
  • Oct 20, 2023 10:32am Oct 20, 2023 10:32am
Love the trade manager tool because it helps me when choosing lots according to what I want to risk and where I want to place my SL and TPs.

But I do have a question. If I take multiple trades at a time how can I put them all the breakeven equally.? And how do I take partials?
  • #267
  • Oct 22, 2023 11:57am Oct 22, 2023 11:57am
I have purchased the trade manager and want to know how do i set my SL to half as the trade moves up.

So for example , i have opened a trade at Risk 1 and Reward 3 , for say 10 pips and 30 pips

When the trade moves i my direction ,

When it gets to 1:1 , i would like the SL to move up by 5 pips and then when the trade moves to 1:2 , for the SL to move to the entry line so it is breakeven even but also want to add a few pips for the comm cost
  • #268
  • Oct 22, 2023 3:59pm Oct 22, 2023 3:59pm
Quoting Light-House
I have purchased the trade manager and want to know how do i set my SL to half as the trade moves up. So for example , i have opened a trade at Risk 1 and Reward 3 , for say 10 pips and 30 pips When the trade moves i my direction , When it gets to 1:1 , i would like the SL to move up by 5 pips and then when the trade moves to 1:2 , for the SL to move to the entry line so it is breakeven even but also want to add a few pips for the comm cost
Did you watch the video and read all the information?

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https://www.forexfactory.com/thread/...1#post14625111
It takes a lot for me to IGNORE you, but you can try.
  • #269
  • Oct 23, 2023 10:44am Oct 23, 2023 10:44am
Quoting Sirmjenkins
Love the trade manager tool because it helps me when choosing lots according to what I want to risk and where I want to place my SL and TPs. But I do have a question. If I take multiple trades at a time how can I put them all the breakeven equally.? And how do I take partials?
Hello Sirmjenkins,

Do you mean move Stop Loss to Break-Even of each transaction or a common break-even point of all transactions?

You can also close a part of a transaction either manually for a selected transaction or automatically by defining a specific place and part that is to be closed.
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  • #270
  • Oct 30, 2023 1:38pm Oct 30, 2023 1:38pm
Hi, any ideas as to why trades aren't executing through FTM? Yes, the 'algo' box has been checked.

Cheers,
Ray
  • #271
  • Oct 31, 2023 4:30am Oct 31, 2023 4:30am
Quoting SunSaltwater
Hi, any ideas as to why trades aren't executing through FTM? Yes, the 'algo' box has been checked. Cheers, Ray
Hello Ray,
In order to open the position you need to enable the Algotrading on your platform.
Kindly follow the steps below:

1. Turn on the Algotrading
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2. Click on the Tools-->Option section
3. In the Expert Advisors tab check the option "Allow algorithmic trading". Please make sure that the below 3 options “Disable algorithmic trading when…” stays unchecked.
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4. Check the specification of EA if the Algo Trading is checked.
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After you proceed with the above 4 steps you will be able to place an order.

If you have more questions, please contact our technical support via https://www.investsoft.eu/contact
  • #272
  • Oct 31, 2023 8:27am Oct 31, 2023 8:27am
Thank you.
  • #273
  • Nov 8, 2023 7:59am Nov 8, 2023 7:59am
Hi,
I just want to check if there is a way to better calibrate or need to change in the settings to capture the possible loss display vs the actual loss.
From the trade manager, the possible loss displayed is -$496 (is this including commission?) However, the actual loss it's -$505.92 excluding the commission.
  • #274
  • Nov 8, 2023 10:42am Nov 8, 2023 10:42am
Hello, dyzmeth i replied you for this in our email and we solved that issue already which you had included commisions in section of commisions thats why it showed like that

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  • #275
  • Nov 9, 2023 8:26am Nov 9, 2023 8:26am
Quoting Denofx
Hello, dyzmeth i replied you for this in our email and we solved that issue already which you had included commisions in section of commisions thats why it showed like that {image}
Thanks again!
  • #276
  • Nov 15, 2023 9:43am Nov 15, 2023 9:43am
Forex Trade Manager - Trailing Pending Orders

A Trailing Pending Order is a type of order that follows the market price of an instrument, but is only executed when the price reaches a certain level. In Forex Trade Manager MT4 and MT5, this order can be set as pending buy or pending sell, and its distance from the current market price is expressed in pips. For example, you can set a trailing pending order in forex as a buy stop order 20 pips above the current market price. When the price falls, this order will follow the market price, but when it starts rising, the pending order will remain stationary. This way, if the price reaches the order level, it will be executed and a long trade will be opened. Trailing pending order is a useful tool for risk management and trading strategies in the forex market.

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  • #277
  • Dec 20, 2023 10:22am Dec 20, 2023 10:22am
Forex Trade Manager MT4 and MT5 ver. 3.38 is available with the following changes:

  1. added Multi-level Break Even
  2. added Multi-level Trailing Stop
  3. added Trailing Stop following high and lows
  4. added Trailing Stop based on a Moving Average
  5. added Trailing Stop based on the Parabolic SAR indicator
  6. added Trailing Stop based on the ATR indicator
  7. added Trailing Stop following the partial closing levels of the trade
  8. hotkeys improvements
  9. reconstruction of the manual Break-Even and Partial Cosing sections in the main panel
  10. fixes and improvements

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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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  • #278
  • Jan 3, 2024 4:23am Jan 3, 2024 4:23am
Forex Trade Manager - One Cancels the Other - OCO Order - MetaTrader (MT4 and MT5)


What's an OCO order (the One Cancels the Other)?

An OCO order is a combination of two entry orders. There are two orders placed above and below the current price. When one of the orders is executed, the other order is cancelled. An OCO order allows you to place two orders at the same time.

How can we use it in risk management to reduce our risk in trading?

Traders can use OCO orders to trade retracements and breakouts. If a trader wanted to trade a break above resistance or below support, they could place an OCO order that uses a buy stop and sell stop to enter the market.

This video shows you how to quickly and easily enable OCO orders in Forex Trade Manager MT4 and MT5.

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  • #279
  • Jan 8, 2024 6:04am Jan 8, 2024 6:04am
MetaTrader or TradingView

The two most popular platforms for forex trading and forex chart analysis are MetaTrader and TradingView. Do you, dear traders, use both of these platforms or just one? Let us know how you trade forex in 2024 by voting in the poll posted on our YouTube channel here: POLL
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  • #280
  • Jan 9, 2024 4:11am Jan 9, 2024 4:11am
UPD1 Trade Panel Friendly MT4 Light Demo
Auto Lot, Order Menu and Other

Forum Topic - https://www.forexfactory.com/thread/...mt4-light-demo
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//Turns out the topic is dedicated to only one trading panel. Sorry to the author. Your panel is interesting too.
My best indicators from UPD.ONE
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