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Forex trading is an exciting, yet tumultuous world where profits can be made or lost within seconds. While the potential for profit is vast, so too are the risks. This is where Growth Manager enters the picture. A unique solution designed to protect forex profits, Growth Manager is an essential tool for both the novice and experienced trader alike.
Protect Your Forex Profits with Growth Manager
Trading can often turn sour, especially towards the end of the week or month. To safeguard your hard-earned profits, Growth Manager offers a unique solution. It is not a trading EA, but a management tool that closely monitors gains, protecting the account from extreme losses and locking the balance once a certain profit threshold is reached.
How to Use Growth Manager
Utilizing Growth Manager is a straightforward process. Simply attach it to a single chart without any other indicator or EA, set your parameters, and let Growth Manager run in the background to keep your balance protected.
Key Scenarios
1. Target Setting: You can set a profit target for the week, such as 5%. Once this target is reached, Growth Manager will close all deals and stop trading, letting you rest easy for the remainder of the week.
2. Balance Control: Your balance cannot dip below the initial starting balance for that particular week if you hit step trail. This is a recurring task that happens every weekend. Your profit target is dynamic and can be changed during the trading week, providing room for your equity to operate between the Initial Balance and profit target.
3. Balance Protection: If your trading starts off poorly at the beginning of the week, Growth Manager will protect your balance. If a certain drawdown (equity) is reached, your trading will be stopped and all charts will be closed. You can start over at any time by hitting ReScan and opening the charts again.
4. Step Trail: Your balance can be built up during the week by equity growth. When a set percentage is reached, it will lock in the accrued profit.
Growth Manager Parameters
Growth Manager comes with several adjustable parameters. The ‘Time for Calc’ parameter allows you to set the day you wish to scan the balance. ‘AddPercentProfitClose’ will close all orders and cease trading for the entire terminal once reached. ‘PercentLossClose’ protects your account once reached. ‘StartTrailMoneyPercent’ and ‘TrailStepMoneyPecent’ can be set based on your desired equity build-up as you trade.
Independent Testing and Updates
For those interested in seeing Growth Manager in action, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to receive updates on the testing results of this product.
We invite all users of Growth Manager to share their experiences. Your insights can provide valuable learning opportunities for other traders. Please note that this is an independent product review and does not endorse any particular product.
Conclusion
Growth Manager is a unique tool that helps forex traders secure their profits. By monitoring and controlling open trades, it provides a layer of protection against extreme losses. With adjustable parameters and a user-friendly interface, it serves as a helping hand in the unpredictable world of forex trading.
FAQs
What is Growth Manager?
Growth Manager is not a trading EA, but a management tool that monitors gains, protects the account from extreme losses and locks the balance once a certain profit threshold is reached.
How does Growth Manager work?
Growth Manager is attached to a single chart with no other indicator or EA. You set your parameters and let Growth Manager run in the background to keep your balance protected.
Where can I see independent testing of Growth Manager?
Independent testing of Growth Manager is available on the forexroboteasy.com website. You can also subscribe to updates on the testing results of this product.
Yes, all users of Growth Manager are invited to share their experiences. Your insights can help other traders.
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