Money Management Expert/Indicator/Script

Hi,

I would like to have my trades be managed automatically. For example, after having opened a trade, I would like to define a first target level that would change the stoploss of my trade to breakeven when it is reached and a second target that will take some profit and close a part of the trade.

For example, I could draw those two levels as horizontal lines on the chart and then an expert would manage everything.

Does something like that exist?

You can download our free tool, FxCraft Visual Order Editor. You can find it at http://fxcraft.biz/en/product/fxcraf...-order-editor/

Thank you FxCraft! I will try it ;-)

Only some questions:

I don't understand how we set the lot number for part closes. I would like to close 50% at a first profit target and the rest at the second profit target. Should I write "50,50;" in cp_lots?

I cannot change the SL and PT if Expert Advisor is activ (smiling icon). I always have to first deactivate it. Is it the normal behavior?

And as soon as the EA is attached to a chart, I can no more edit its properties. But for other EAs it works. Any idea?

cp_size_or_percent = false ;
string cp_lots = "50,100";


We encourage you to read:
http://fxcraft.biz/wp-content/upload...03/FVOE_en.pdf



EA can work in both synchronous and asynchronous modes depending on the use_timer parameter. When set to true, EA checks every second if there was any modification of any order. When set to false, checking is done for every tick. It’s worth noting that when use_timer is set to true, changing the EA parameters is not possible – you have to delete it and apply to the chart once again.

Hi
Does the FxCraft EA manage multiple trades. I am looking for a trade manager that will close all open (and pending) trades once price crosses a line. I would also like the line to have a trailing feature - can that be included?
Thanks, John

The vendor for LVOE (now FVOE) can't respond to this thread anymore, due to limitations as a Commercial Member. If you're also using this free trade management script and have questions, look for the new thread here:
http://www.forexfactory.com/showthread.php?t=428361

Hi All,

100% of my trades are limit orders with pre-defined entry price, stop loss and profit target.

I am looking for one MT4 trade management EA which will do all of the following:

POSITION SIZE: I want to risk 2% of my account balance and EA will tell me on the current window how many lots should I trade (in one corner, nothing else).

ENTRY: As I already know my entry price in advance. I want the EA to determine 2% of my account balance and assess how many lots should be executed when the limit entry price is reached by the market. Also only place the trade to broker if the price pierces BB or within the top/bottom 20% of the Bollinger Band.

TRADE MANAGEMENT (EXIT): The stop loss to be hidden from the broker (for limit orders I am not sure how stop loss can be hidden from broker, as an initial SL, TP, input is required I guess for limit order) I don't want want to come back to manually input these later.

The stop loss to be updated to break even, once the price have moved the distance between entry price and initial stop loss price.

The EA to do the following (which ever occurs first):

1. If the pre-defined profit target is achieved I want 40% of my position to be closed; and continue remaining 60% of position and close position using 20 EMA & 40 EMA as follows:
2. If the price (10min candle) closes below 20 EMA then immediately close 60%/100% of my position.
3. If the price touches 40 EMA then immediately close 60%/100% of my position.

Hope I make sense. Is anyone able to provide an EA for the above or mql code the above for me. I am certain the above would be one of the best trade management EA once made. Thanks much :-)