Hello Everyone!!! i am confused about spread multiplier and what is that? and whether the commissions would be calculated for breakeven...? Could anyone explain on these?
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Once the trade reaches 10 pips in profit, the Trade Manager MT5 will automatically move the stop loss (SL) to 0.8 pips to cover the commission, ensuring you break even in your case.
DislikedHello, rajaguhan437 Many traders adjust their strategies to include fixed stop loss (SL) and take profit (TP) distances, which are often increased by the current spread values. However, manually adjusting these distances for each trade can be time-consuming and tedious. To simplify this, we’ve introduced a new feature in Trade Manager MT5 that automatically accounts for the spread value when setting the SL and TP distances at the time of placing an order. In the Trade Manager MT5 configuration, you can set the “Spread Multiplier” field to specify...Ignored
DislikedHello everyone, I have Trademanager new. So far everything works pretty good for BE (break even) and TP (Take partial profits)!! Why is the Trademanager still closing my position only at TP3? At TP1 (25% of the intial position size at rr1) and TP2 (25% of the intial position size at rr2) it close the position correctly. But at TP3 it closes not another the set up 25%. It closes the complete position with 50%. Somewhere I have still as mistake in the set up. Would be great if you can support me here. Im not so familiar with MT4 and new at the Trade-Manager....Ignored
DislikedHi all trades will be closed with the same Magic# and all symbols? all trades will be closed with the same Magic# and defined symbols? or TM close all open trades (manually opened too ) generally? Equity control feature The Equity Control feature is designed to protect your capital – it allows you to set a maximum loss limit or a target profit level, after which all open trades will be automatically closed.Ignored
I hope everything is clear now. This will also be clarified further in the user manual.