Trade Manager is a middle term trend EA designed for trading on MT4 platform. Trade Manager trades AUDUSD, USDJPY, GBPUSD currency pairs on M30 timeframe. The minimum recommended deposit is $100. The recommended leverage for trading with this EA is 100:1. It is built directly as an Expert Advisor (EA) that you place on your MT4 chart. Trade Manager has 1-Click Stop Loss / Take Profit Targets.
How awesome is it? Well read on and find out. Having a strategy is one thing, executing it is a whole other story. One part where many traders fail at is the “trade management” part of trading. They miscalculate their lot sizes, they do not set stop losses, do not have proper risk to reward ratios for their trades, place stops at wrong levels and do not know when to take partial profits and move their stops to breakeven in order to protect their profits.
Many traders have personally suffered from many of these problems and hence my decision to develop the best MT4 trade manager that will solve all these once and for all. Below is an explanation of the uses and settings that we have for the Ultimate Trade Manager we have develop to help traders manage their positions with unbelievable ease.
Smart Lot Size Calculation & Recalculation
Reverse calculate your lot size based on equity % or dollar amount $. The EA factors in how far your stop loss is and reverse calculates the correct lot size based on your risk allocation to that trade.
If you adjust your pending order’s stop-loss distance, the EA will automatically recalculate the correct lot size for you and replace the trade with the correct lot size.
1-Click Stop Loss / Take Profit Targets
Place your stop loss and take profit targets with a single click. Works for market orders and pending orders.
Easily Modify Existing Trades
Adjusting your levels is as easy as clicking and reactivating the setup. Even if you modify your stop loss distance, the Trade Manager can easily help you recalculate the correct lot size to risk the same original amount.
3 Levels Partial Profits
The Trade Manager EA allows you to set up to 3 separate partial profit levels along with customisable % to be closed at each level. Very useful for locking in profits at key stages of your trade.
Multiple Trailing Stop Loss
Wide selection of trailing stop loss features, from simple trailing stop, to 3 step trailing stop, to ATR stop loss, Chandelier trailing stop loss and even Parabolic SAR stop loss. Very useful for riding out large trends or big breakouts that can turn your original winning trade into a massive one.
| Trade Manager EA Rating | 9.07 |
|---|---|
| Developer | MetaQuotes |
| Created, year | 2016 |
| Free | |
| Class | middle term |
| Type | trend |
| Lot size | not less than 1000 units per 0.1 of a standard lot |
| Deposit, USD | 100 |
| Leverage | 50 |
| Timeframes | M30 |
| Strategies | own strategy |
| Indicators | own indicators |
| Recommended brokers | FxPro, Exness, OctaFX, Admiral Markets |
| Trading tool/currency pairs | AUDUSD, USDJPY, GBPUSD |
| Yield per annum, % | 65.39 |
| Max.drawdown, % per annum | 44.1 |
| Automatic account type | |
| Indicating | |
| Multiple usage | |
| Mini deposits | |
| Max risk limitation | |
| ECN | |
| NDD | |
| Several one-way series | |
| Auto start lot | |
| Fixed stop loss | |
| Fixed takeprofit | |
| Automatic lapse expansions |