EA Trade Manager MT4 & MT5

Can I open multiple trades at the same time? Everything is working really well so far

Hello, StephanBarnes yes you can use our Unlimited lot feature for this and split the orders at once or you can use Hotkeys. You can Hold button B for buys and it will just keep buying until you stop pressing

You can check our unlimited lot size future and spliting orders in video below

It starts at 1:53 for the multiple orders



Best Regards,

Trailing Stop - part 4/5 - Pros & Cons of Using a Trailing Stop on MT5

In this video, we present the next part of our short series on Trailing Stop, where we focus on the pros and cons of this feature in Forex trading on MetaTrader 4 and 5. The Trailing Stop is a powerful tool that can automatically secure your profits as the market moves in your favor, adjusting your stop loss level as prices rise, allowing you to lock in gains without constant monitoring.

However, like any tool, it comes with potential drawbacks. In this video, we discuss how Trailing Stops can sometimes close positions too early during market fluctuations or miss out on additional gains in fast-moving markets. Understanding when and how to effectively use Trailing Stops is crucial for maximizing its benefits.
While this video focuses on the strengths and weaknesses of the standard Trailing Stop, in the next video, we’ll be introducing a smart solution that addresses these challenges. We’ll dive into a strategy that improves upon the basic Trailing Stop, offering better profit protection and more flexibility in dynamic market conditions, so stay tuned!

If you're looking for a simple and efficient way to manage your Trailing Stop and other trading functions in MetaTrader (MT4 & MT5), I recommend trying out the Trade Manager add-on. It greatly enhances your trading experience and makes managing positions much easier.
You can find more details here: https://www.investsoft.eu/forex-trad...alculator.html

Check out the video here! >>>>> Trailing Stop - part 4/5 - Pros & Cons of Using a Trailing Stop on MT5 #trading #forex #mt5 (youtube.com) <<<<

how to book partial profit ?

Hello, Bhavinbhai just go to our 2nd tab into Trade Manager then you will be able to see the Partial profit closing option



You can choose between Pip, price, risk to reward ratio or % value

You can as well check our video for partials it starts at 3:48


Best Regards,

Hello, how can i set fixed stop loss in Trade Manager?

Hello, mirko.hassan in our Trade manager in 4th tab you can set your fixed stop loss or take profit, when you click on the Default lines distance click on that small arrow and change from None to pips, after that you can input your stop loss you want to use all the time in your case as you asked with Fixed stop loss



Best Regards,

Hello - can I open 2 positions with same properties at the same?

Hello @brianmt5,

Yes, you can enter two trades at the same time in Metatrader mt5 with our Trade manager! You can use our Hotkeys or the Trade Manager panel to do this:
Using Hotkeys:
Simply press the Buy button twice (Hotkey: "B") to enter two trades at once.




Using the Trade Manager Panel:
You can also go to the Trade Manager panel and click on Market Execution Buy to place your trades.




For more information on hotkeys, check out the video below:


To set up hotkeys:
Right-click on your chart, go to Expert List or Advisors Properties, then scroll down to Hotkeys.



Best Regards,

Hello Denofx, Thank you for your response. I will definitely try this out. Otherwise I'm happy with this tool, It offers so many functions yet again its so simple to use.

Trailing Stop - part 5/5 - Multi-Level Trailing Stop on MT5: Advanced trading strategy

In this video, we dive into the advanced capabilities of multi-level trailing stops using the Trade Manager MT5 add-on, designed for MetaTrader platforms (MT5 and MT4). This feature allows traders to set up to four distinct trailing stop levels, each with customizable parameters, to better manage risk and maximize profit in both forex and futures trading.

If you're looking to add a new dimension to your trading strategy, check out this video and see how Trade Manager’s multi-level trailing stop can work for you.

Watch, learn, and feel free to share your thoughts on how multi-level trailing stops enhance your trading approach.

Inserted Video

Hi,
when the trade is open, can i see how much RR are already running? and can i say, if we hit as example 5R do a partial closing of 80%.
thanks for support

Hello, @solingerjung yes you can change to Risk to reward ratio in 4th tab, you can choose where you want to add Txt configuration you see the example below, first you need to go to 4th tab, then in Line Open Txt i added Txt configuration. In the right image you can see its floating RR showing on the screen


Txt configuration :

Attached Image (click to enlarge)

– shows the current RR ratio. It calculates the ratio between current price distance


For the Partials example which you mentioned check example below :

TP1 80% Distance 5rr

Best Regards,

Hi, thanks for the fast answer.

i love this tool. with this information much more.
best purchase ever for MT5, makes everything easy for Risk Management.

Forex Trade Manager MT4 and MT5 ver. 3.40 is available with the following changes:

1. added saving and loading panel settings – settings templates
2. added displaying profit and loss in the "Close Trade" section as currency, pips, or percentage of balance
3. added category selection in the "Close Trade" section for Profit & Loss or Buy & Sell
4. added keyboard shortcut to the opening price modification window
5. added ability to confirm the new opening price with the Enter key (only MT5)
6. 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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Hello Traders!
I’d like to present a new video on the Risk-to-Reward Ratio in trading - a fundamental concept that can significantly impact your success in the forex market. In this video, I’ll show you how to set and calculate the risk-to-reward ratio practically, using MetaTrader 5 and the Trade Manager MT5 tool, which simplifies order placement and does all the necessary calculations for us. If you’re looking to improve your risk management and fine-tune your strategy, this video will be a valuable guide.

What Can You Expect in This Video?
In this step-by-step tutorial, we’ll cover the essentials of using the risk-to-reward ratio to gauge potential profit versus risk on every trade. A higher ratio can mean more profit for a lower risk, making it a crucial element for consistent trading success.

Launching Trade Manager in MT5
We begin by launching the Trade Manager add-on in MetaTrader 5 and adding it to the chart, where it provides a control panel for adjusting trade settings.

1. Setting Your Risk Tolerance
Managing risk effectively is the cornerstone of good trading. We start by defining our risk tolerance, setting it at 1% of the account for each trade. After inputting this into the Trade Manager, it handles the calculations automatically, setting the ideal position size based on our selected risk level, streamlining risk management.

2. Defining Take-Profit and Stop-Loss Levels
To establish our take-profit and stop-loss points, we analyze the chart, identifying support and resistance levels where the price might reverse. Setting these levels helps us structure trades with a defined risk-to-reward ratio, giving clear guidelines for entries and exits.

3. Practical Trade Examples
In the video, I walk through two real-world examples that demonstrate how the Trade Manager MT5 helps maintain consistent risk-to-reward ratios:

1. Example 1: For a buy order, we place a pending entry above support and set the stop-loss below another support level. We position the take-profit near the resistance level, achieving a risk-to-reward ratio of 2.05, meeting our criteria.
2. Example 2: On a pound-dollar chart, we set a fixed risk-to-reward ratio of 2 for a sell trade. Trade Manager MT5 adjusts the take-profit level to twice the stop-loss distance, maintaining our desired ratio automatically. The position size is calculated for a 1% risk level, ensuring alignment with our risk tolerance.

Why the Risk-to-Reward Ratio Matters
The risk-to-reward ratio is a core element in any trading strategy. For instance, with a 1:3 ratio, a trader only needs a 25% winrate to break even. Higher ratios can lower the required winrate, but they can also make it tougher to hit profit targets, increasing the chance of hitting stop losses.

How about you? Do you use the Risk-to-Reward Ratio in your forex or futures trading? Let me know which ratio you tend to choose - is it 1:2, 1:3, or do you have your own unique approach? I’d love to hear why you picked that specific level. Looking forward to your responses and insights in the comments.

For more trading tips and tutorials, subscribe to my channel. If you found this video helpful, give it a thumbs up, and join me in the next video to keep building your trading knowledge.

Watch the video:

Hi, can I install this tool on multiple account?

Hi Pipstercita,

Yes, you can install the Trade Manager tool on multiple accounts. Both the MT4 and MT5 versions allow installation across multiple accounts.

To do this, simply open your MetaTrader 4 or MetaTrader 5 terminal, go to the Market tab, find the Trade Manager on your list of purchased products, and click the Install button.

The key is to ensure all the terminals are on the same computer. This way, you won't need to use additional activations, and there are no limits to the number of accounts where the Forex Trade Manager can be used.

Best Regards,
InvestSoft Team

Celebrating 500 Reviews for Trade Manager MT5 on MQL5 Market!

Hi everyone!

We’re thrilled to announce that our tool, Trade Manager MT5, has reached 500 reviews on the MQL5 Market! This milestone means so much to us, showing that traders worldwide trust and rely on our software to improve their forex trading experience.

Why should you try Trade Manager?

1. Simplified risk management
2. Quick and precise order placement
3. Features like automatic break-even, trailing stop, and partial trade closure

We continuously develop Trade Manager based on your feedback to ensure it meets your expectations and helps you achieve better trading results.

Check out Trade Manager on the MQL5 Market: https://www.mql5.com/en/market/product/39150

Once again, thank you for your trust and support!

Join the growing community of traders who are already benefiting from Trade Manager. Your success is our biggest motivation!

So I have few questions about the trader manager, I've been using it for few days now and so far seems very good overall but yea I need some more help so here I am:
1) Where and how do I manage my partial TakeProfit positions?
2) How can I automate my break-even position?