Is there a money management EA??

Hi All: I realized after I posted my previous topic that people were vewing it thinking that I had a money management EA. Obviously that is not the case. I am searching for a money management EA for once you are in a trade.

If anyone knows of such an animal I would be happy to hear about it.

Thanks and sorry for the confusion

Spent

Can you define money management?

Everyone has their own idea on money management. If you can define your rule, then someone can/will program for you

The trade management EAs out there are:

1. Swiss Army
2. ManageTP

(Search is your friend!)

Swiss Army Knife EA is one of the best. It just lacks a partial take profit functionnality. Eventually, i guess you can put SAK with Manage TP on two windows to manage the same trade.

Swiss Army is nice, I'm using it now. However it doesn't have auto lot size feature. Eg. auto calculate your lot size based on your S/L and your risk and enter the trade on auto lot-calculation.

I also notice that some other commercial trade-management tools like Artemis Sitter also lack of this feature.

Anyone know of (or can program a) trade utility with such feature?

ManageThePip is a new EA that will size your lots based on percentage. It also has some peel off and multiple trailing stop features. Just google Manage the Pip.

Later

can i use it on more than 1 accounts ?

This was one of my requirements too, and the user agreement permits it. I run MTP across 2 accounts.

-DP