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- Trading Robots
- Trading Strategies
- Trade Management
Trade Management
Risk Management
- Trade size calculation: Automatically determine the appropriate trade size based on your risk tolerance and stop loss distance.
- Stop loss and take profit: Set predefined levels to manage potential losses and secure profits.
- Risk-to-reward ratio: Ensure a favorable ratio to maximize profitability.
- Equity protection: Automatically close trades if your account equity drops below a certain level.
Automated Trade Management
- Break-even settings: Automatically move stop loss to break-even when a trade reaches a certain profit level.
- Trailing stop: Adjust stop loss as the trade gains, securing profits incrementally.
- Partial closes: Realize profits by closing portions of the trade at predefined levels.
- One-cancels-the-other (OCO) orders: Automatically cancel one pending order if another is triggered.
Manual Trade Management
- Quick order execution: Use a trade manager panel to open and close trades swiftly.
- Customizable order parameters: Define fixed order parameters for quick execution.
- Close all trades: Instantly close all open trades with a single button.
- Selective order management: Close only profitable or loss-making trades as needed.
Advanced Features
- Equity drawdown protection: Set maximum daily loss limits to prevent overtrading.
- Visual trade management: Use drag-and-drop lines on the chart to adjust stop loss and take profit levels.
- Adaptive risk management: Adjust risk parameters dynamically based on market conditions.
- Real-time monitoring: Receive alerts and notifications for important trade events.
Tools and Examples
- Trade Manager: Provides essential features for daily trade management, including risk calculation and automated trade controls.
- Trade Buddy: Automates risk management and trade execution with features like instant lot size calculations and equity protection.
- T Manager: Offers a user-friendly interface for planning, executing, and managing trades with precision.
- ZeroRisk Manual Trader: Controls various aspects of manual trading, including news events, drawdown limits, and emotional trading management.
Conclusion
- Effective trade management is crucial for maintaining profitability and minimizing risks in Forex trading.
- Utilizing advanced tools and automated systems can significantly enhance your trading efficiency and decision-making process.
- Always stay informed and adapt your strategies to the ever-changing market conditions.
Ah, ON Trade Manager—the grand aspiration for traders drowning in a sea of complexity! Promising to simplify your tumultuous trading life, it’s like the Swiss Army Knife of Forex robots—if that knife could talk, would it tell you the truth? Let’s dive in with a toolbox of ...
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Release Date: 05/10/2018
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Release Date: 28/11/2019
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Release Date: 02/12/2020
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Release Date: 28/09/2015
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Release Date: 19/11/2023
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Release Date: 27/09/2022
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