Forex Trade Manager

Description

Forex Trade Manager is an intelligent assistant created for experienced forex traders. Contrary to the typical automated trading robots, or Expert Advisors (EAs), Forex Trade Manager isn’t able to open positions on its own or make trading choices. It is instead an essential tool for the manual trade, streamlining processes and increasing the efficiency of decision-making.

Features of the Forex Trade Manager

Position management and risk control

• Quick Position Management: One-click operation for opening, closing, or changing positions.
• The Risk-Based Lot Calculation Automatic calculation of trade volumes based upon the risk parameters set.
• Fast Pending Orders Quick setting up of pending orders using variable parameters.
• Breakeven, trailing stop StopLoss/TakeProfit Setting Simple configuration and adjustments of SL/TP, breakeven, as well as various strategies for trailing stops (including ATR, EMA, and PSAR HighLow) prior to and after opening the position.

Advanced order management

• 3 levels of partial closure and 4 types of equity auto Close manages either the closing of positions in total or in part according to market performance or defined guidelines.
• Grid Support as well as Lot Increasing Modes: Advanced grid-based trading features that include multiple lot size strategies as well as position management.
• Hedge function Allows an opening for hedges in order to reduce risk.
• Closing positions at a predetermined time Set the closing of positions for a certain date and time.

Trading strategy assistance

• Trend Line and Channel Trading Supports the opening of positions through trend line breakouts and makes use of the equidistant channel.
• Dashboard Window and Detailed Position Information The dashboard window provides up-to-date market information as well as precise information on positions that are open.

Enhanced Security and Stealth Features

• Stealth Mode conceals the levels of SL and TP from brokers.
• Spread Maximization Sets a maximum spread to ensure that positions are not opened under adverse conditions.

User experience and customization

• customizableInterface and Toolbar users can alter the layout and swiftly access the most important features.
• Alarms and notifications Create alerts for a variety of trading events and changes in position.
• Daily profit information and screenshots It tracks the performance of trading and permits screenshot capture of trades in order to record them for archiving.

The Forex Trade Manager can be employed to trade all Forex currency pairs as well as other assets, such as commodities, cryptos, binary options, markets, stocks, Indices, etc. It is also possible to use it in any timeframe that is most suitable for you, from the 1-minute up until the month-long charts.

Main Chart and Functions of Trade Manager MT4

The Trade Manager MT4 main window includes a myriad of functions crucial to its users, including:

Main Control Panel Features

• Buy/Sell Option for opening short or long positions.
• Part-Close Part-close the position in which you were.
• “Close All” Closes instantly all positions that are open.
• Breakevens, reverse and more For the most advanced management of positions.

Dashboard and Additional Windows

1. Dashboard Displays bid and ask prices, as well as indicators such as MA, CCI, RSI and strength of currency.
2. Profit Information Window Shows profit in pips and currencies.
3. Account Information Window Balance current and drawdown, margin, and much more.
4. View of Order List Manage and review open post.
5. Window for Order Properties Options for managing the position for the positions you have selected.

Additional Features

1. Guidelines Lines for SL as well as TP and other adjustments.
2. Resting time to the Next Candle helps in making timing decisions.
3. Pivot Lines The display of pivot levels.
4. Toolbar Fast access to features and settings.

Toolbar Functions for MT4 Order Manager

Its MT4 Toolbar for Order Manager toolbar is designed to be streamlined for efficient trading, and has a variety of functions. Here’s a brief overview:

Display Controls

• Windows Show/HideToggle the visibility of the manager’s windows.
• Guidelines Lines Show/Hide You can control the appearance of the trade Management line (StopLoss, TakeProfit) on the chart.

Trade Initiation Tools

• UseTrendLines and UseChannels Open trades that are based on trend lines as well as “Equidistant Channel” line breakouts vital in following trends strategies.
• OppositeTrendLineOrder: This complements the above by offering counter-trend trading options, opening opposite positions on trend line breakouts.

Position Opening Criteria

• OpenAfterCandleClose: Choose to open positions based on the candle’s closing position in relation to the trend line, adding a layer of confirmation to trades.
• OCO Mode: Control multiple trade configurations by automatically cancelling any other order or trend line when one is active, thus avoiding conflicts between positions.

Post-Trade Management & Analysis

• DeleteTrendLineAfterOpen: Decide whether to retain or delete trend lines post-position opening for ongoing trade management.
• UsePreDefinedStopLoss: Set StopLoss and TakeProfit before trade execution for calculated risk management.
• MakeScreenShots Automatically capture screen shots to recording and analysis of performance.