Forex mt4 trade manager ea
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SPORTS BETTING STRATEGIES BOOKSHELF
Trade Mode — Three Trades When we run the Trade Manager EA in the Three Trades mode, the expert advisor will help you with the trade management of your open positions in the sense that it will split your trade into three take-profit orders of your choice. You have the option to set the distance where you want to take the profits as well as the quantity.
In order to accomplish this, you need your settings to be similar to the ones that are set in two trade mode. If your initial position size is , 1 standard lot , then the first take profit will represent 30,, the second take profit will represent 30, while the third take profit will represent 40, In this regard, the Trade Manager EA offers high standards of security for its users. The expert advisor will only work with the password; forexschool.
You can also tie this in so you get alerts directly to your phone notifying you when an order has been executed. Once you close the MT4 platform your EA will stop working. Finally I know many people have similar products they sell, but to be honest they probably also offer ongoing support with them.
I do not have the time to offer support with this EA and would rather give it to those who would like to use it in their trading. I will answer questions and help in the comments below, but as it is a free EA it comes with no guarantees and you use at your own risk. You open a chart, make a market analysis and mark with horizontal lines the entry point, stop loss and take profit, and at the end you define the level of risk, e. Now all that remains is to click the appropriate button on the panel to open the trade.
Closing or deleting orders is also done directly from the Trade Manager panel, where you can close everything with one button, or close an order partially. By using the Trade Manager in your day-to-day trading you are always aware of the risks you are taking, and you keep your trades and your account under control at all times. The software always shows how much money you get if the trade hits a Profit and how much you lose if it hits the Stop Loss.
It also shows the Risk-Reward Ratio of the trade. This re-calculates automatically as you move your TP and SL. After that, you place the Limit with one click. There is also an icon that places an Alert. Just one click and you are all set. You can move this alert easily with your mouse. Fixed Risk This feature does Risk Management for you!
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UTRADE FOREX CHARTS
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