Best Trade Manager for mt4
4 stars based on
Are you fx trade management software FX trader who is sick of watching your profits evaporate due to market spikes and inflexible trade management features? Hi, I am Andrew Peters, and I have been trading fulltime for over 5 years. In that time I have developed software that has assisted my trading…and now aim to share these products with other traders.
I only offer products that I use in my trading system. I developed the DIY TradeManager Plus to improve my results, simplify and partly automate my manual trading and to add even greater versatility to the operation of my companion product, FX Autotrader Elite.
Whether you are a manual trader, as I was, or use automated systems like the FX Autotrader Elite, the Trade Manager helps you manage your trades for a much healthier return. With the Trade Manager I really wanted a dynamic system that worked with changing market conditions on both shorter and longer timeframes, not just fixed trailing fx trade management software. One of my other key objectives was to ensure it could work on a range of trades, and at the fx trade management software time avoid making the Trade Manager too complex.
If you have been trading forex for a while you will know how quickly a profitable trade can reverse into a loss. A floating profit of 50 pips can rapidly turn into a 40 pips loss. Even the simple trailing stop TS feature on the MT4 platform leaves you prone to being spiked out too early. Not a problem anymore. A range of options to meet your specific trading needs. Your choice, your control. Setting fx trade management software trailing stop system quickly and easily for an individual trade or across a range of currency pairs.
Ever wondered at which level you should set your Fx trade management software and SL? With the DIY Trade Manager Plus you can choose a dynamic, market-based way of making sure you are in the correct zone.
Simply fx trade management software you can use a multiple of the Average True Range to automatically determine at which level you want to TP and at which level you want to activate a SL. So when the market is quiet and not fluctuating much, your TP and SL will be small.
When the market is more volatile, the TP and SL will be larger. Program your own set of dynamic stop loss functions. When trading, it can pay to take part of your trade off at your first profit level and see if the remaining portion of the trade will run all the way to your full Take Profit level. This works well when there is a strong trend. You can lock in some profits irrespective of what happens to the trend.
So often a trade breaks through a Stop Loss only to reverse and retrace back to your profit target. So you can still come back and trade another day!
Reduce your exposure to a losing trade with an automated Partial Close. Have you ever found yourself in a nice trending trade and wished you had opened a bigger lot size? So you can start with a small lot size and if the trend continues the Trade Manager will automatically add additional trades. So you can reap the rewards! Simple scaling in features for more profitable trades. Control one or more trades or one or more EAs for more effective trade results. Not all currency pairs operate the same, so it was always important to me to add in enough variables to allow me to manage my trades individually.
This is a really useful feature and can also be used to work with Expert Advisor EA trade systems to ensure you are not taking on added risk of loss because of how the EA has been built. Just load the DIY Trade Manager Plus on an empty chart and tell it which trade or trades you want it to manage with the settings you have entered on the Trade Manager.
You can specify by currency pair, magic number, trade comment or ticket number. Or you can set it to control several or all. Expand your trading without expanding your risk. Trade ManagerPlus works simultaneously fx trade management software EAs and manual trades. You can set your trade management strategy and define your Take Profit, Trailing Stop, and Stop Loss levels so that they automatically apply when you start a new trade.
Then you can adjust each only when you want to test some variants or have a particular strategy in mind. You can even assign different Preset defaults dependent on your different trading accounts or currency pairs. And you will be able to use the Fx trade management software Manager to manage that trading strategy. With this Bonus you can share in a strategy fx trade management software is performing in current market fx trade management software as you learn to use all the features of the DIY Trade Manager Plus.
Please note that as we do not know your personal situation or risk profile, you need to satisfy yourself that this strategy is one you would want to trade in a live market situation.
Once your payment is processed you will be directed to a Sign Up page. This product has been extensively tested and I am sure it will be a real benefit to your trading, as it has been to mine. It has all the flexibility to ensure your trade is managed effectively in a range of market conditions…. Just set it and review. This can help you fine tune your strategies and results. All information on this website is General Advice only.
Information contained in this website is not an invitation to trade any specific investment. This website does not take into account your individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Examples are provided for illustrative purposes only.
By using this website, and using our products, you are deemed to have fully accepted our terms and conditions. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
You must be aware of the risks and be willing to accept them in order to invest in these markets. Before deciding to invest in foreign exchange you should carefully consider fx trade management software investment objectives, level of experience, fx trade management software risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from a Licensed Investment Advisor if you have any doubts. All information fx trade management software this website or any ebook or software purchased from this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on, such fx trade management software.
The past performance of any trading system or methodology is not necessarily indicative of future results. All potential forex traders should take into account the legal requirements and restrictions of trading forex in their particular region and should obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision.
You accept full responsibility for your actions, trades, profit or loss, and agree to hold DIY ForexSkills, DIY Trade ManagerPlus and any authorized distributors of this information harmless in any and all ways. The name Andrew Peters is fx trade management software pseudonym used by the author. Want to trade fx trade management software the market instead of fx trade management software it? All the features you need to ramp up your forex profits, with none of the complexity.
Want to lock in your profits as your trade progresses? Want a better method to set your take profit level? Let the Trade Manager do it for you dynamically! Want to partially close a losing trade to see if it might reverse again?
Looking for a range of fx trade management software to set a trailing stop to meet differing market conditions? How about the ability to scale into a good trade and follow the run up. Want dynamic Take profit and Stop Loss levels that respond to current market conditions for extra flexibility. Trail your Stops to lock in Profit If you have been trading forex for a while you will fx trade management software how quickly a profitable trade can reverse into a loss.
Select from a range of options such as: Partially close a profitable trade to capture more profits When trading, it can pay to take part of your trade off at your first profit level and see if the remaining portion of the trade will run all the way to your full Take Profit level. What about automatically scaling into a trade to turbocharge profits?
Control one or more trades or one or more EAs for more effective trade results Not all currency pairs operate the same, so it was always important to me to add in enough variables to allow me to manage my trades individually. Preset your settings to save time You can set your trade management strategy and define your Take Profit, Trailing Stop, and Stop Loss levels so that they automatically apply when you start a new trade. The DIY Trade Manager Plus is a great tool that Helps you maximize your trading potential Improves your trading experience through dynamic features and added flexibility, and Allows you to step away from the computer!
So if you are serious about taking your trading to the next level, then DIY Trade Manager Plus should be an essential part of your toolkit!