Features of the Forex Trade Manager
Position Management and Risk Control
- Quick Position Management: One-click operations to open, shut, or reverse positions.
- Risk-based Lot Calculation: Automatic calculation of commerce volumes primarily based on the set danger parameters.
- Quick Pending Order Placement: Speedy setup of pending orders with adjustable parameters.
- Breakeven, Trailing Stop, and StopLoss/TakeProfit Setting: Easy setup and adjustment of SL/TP, breakeven, and numerous trailing cease methods (together with ATR, EMA, PSAR, HighLow) each earlier than and after opening a place.
Advanced Order Management
- 3-Level Partial Close & 4 Types of Equity Auto Close: Manages partial or complete place closure primarily based on market efficiency or set standards.
- Grid Support and Lot Increasing Modes: Advanced grid buying and selling options with a number of lot measurement methods and place administration.
- Hedge Function: Enables the opening of hedge positions to mitigate dangers.
- Closing Positions at a Predetermined Time: Schedule the closure of positions at a selected time.
Trading Strategy Assistance
- Trend Line and Channel Trading: Supports place opening primarily based on pattern line breakthroughs and makes use of equidistant channels.
- Dashboard Window & Detailed Position Information: Provides present market information and detailed analytics on open positions.
Enhanced Security and Stealth Features
- Stealth Mode: Conceals SL and TP ranges from brokers.
- Spread Maximization: Sets a most unfold worth to forestall opening positions underneath unfavorable circumstances.
User Experience and Customization
- Customizable Interface & Toolbar: Users can tailor the format and rapidly entry key options.
- Alarms & Notifications: Set alerts for numerous buying and selling occasions and place adjustments.
- Daily Profit Information & Making Screenshots: Tracks buying and selling efficiency and permits for screenshot seize of trades for record-keeping.
This Forex Trade Manager can be utilized on any Forex forex pair and different belongings reminiscent of commodities, Cryptos, Binary Options, Stock markets, Indices, and so forth. You can even apply it to any time-frame that fits you greatest, from the 1-minute to the month-to-month charts.
Main Chart and Functions of Trade Manager MT4
The Trade Manager MT4 essential window provides numerous crucial features reminiscent of:
1. Main Control Panel Features
- Buy/Sell Options: For opening lengthy or brief positions.
- Partial Close: To part-close the final place.
- Close All: Instantly closes all open positions.
- Breakeven, Reverse, and extra: For superior place administration.
Dashboard and Additional Windows
- Dashboard: Shows bid/ask costs, indicators like MA, CCI, RSI, and forex strengths.
- Profit Info Window: Displays earnings in pips and forex.
- Account Info Window: Current stability, margin, drawdown, and extra.
- Order List Window: Review and handle open positions.
- Order Properties Window: Detailed administration choices for chosen positions.
- Guide Lines: For SL, TP, and different changes.
- Remaining Time to Next Candle: Helps in timing choices.
- Pivot Lines: Display of pivot ranges.
- Toolbar: Quick entry to settings and options.
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Toolbar Functions for MT4 Order Manager
The MT4 Order Manager toolbar is streamlined for environment friendly buying and selling with mixed functionalities. Here’s a extra concise overview:
- Windows Show/Hide: Toggle visibility of the supervisor’s home windows.
- Guide Lines Show/Hide: Control the show of commerce administration strains (StopLoss, TakeProfit) on the chart.
Trade Initiation Tools
- UseTrendLines & UseChannels: Open trades primarily based on pattern line and “Equidistant Channel” line breakouts, important for trend-following methods.
- ReverseTrendLineOrder: This enhances the above by providing counter-trend buying and selling choices, opening reverse positions on pattern line breakouts.
Position Opening Criteria
- OpenAfterCandleClose: Choose to open positions primarily based on the candle’s closing place in relation to the pattern line, including a layer of affirmation to trades.
- OCO mode: Manage a number of buying and selling setups by routinely canceling different orders or pattern strains as soon as one is activated, avoiding conflicting positions.
Post-Trade Management & Analysis
- DeleteTrendLineAfterOpen: Decide whether or not to retain or delete pattern strains post-position opening for ongoing commerce administration.
- UsePreDefinedStopLoss: Set StopLoss and TakeProfit earlier than commerce execution for calculated danger administration.
- MakeScreenShots: Automatically seize screenshots for record-keeping and efficiency evaluation.
Forex Trade Manager is a complicated, feature-rich software designed to ease the complexities of foreign currency trading. It’s not only a commerce execution software; it’s a complete system for managing, analyzing, and executing trades extra successfully. Whether by means of streamlined commerce administration, superior danger calculation, or customizable interfaces and alerts, Trade Manager MT4 caters to skilled foreign exchange merchants searching for effectivity and precision of their buying and selling actions.