Trade Manager EA for MT4

Forex trading tools have become indispensable in the fast-paced world of forex trading. Among such tools, the MT4 Trade Manager EA stands out due to its user-friendly interface and swift execution. This review explores the different facets of this valuable tool, from trading automation to forex strategies.

Trade Execution with MT4 Trade Manager EA

The MT4 Trade Manager EA is designed to facilitate real-time trade execution. Key features of this section include Automatic Risk Calculation, Break Even & Partial Close, and Close Trades.

The Automatic Risk Calculation feature allows traders to compute the exact lot size needed based on their account balance. This swift trading tool ensures traders can make accurate decisions swiftly, even in volatile market conditions.

With the Break Even & Partial Close feature, traders can automatically move their Stop Loss to break even once in profit. Partial close allows the trader to close 50% of their position, enabling them to secure some profits. This user-friendly forex tool provides an edge to traders in managing their trades effectively.

The Close Trades feature offers traders the choice of closing all trades, closing only the loss trades, or only the profit trades. This allows for a more targeted approach to trading, enhancing efficiency and profitability.

Trade Management with MT4 Trade Manager EA

The Trade Manager EA also features a Management section, which enables traders to activate or deactivate the Trailing Stop function. Trailing Stops are a hands-free way of managing trades in profit. As trades continue to move in profit, the stop loss will move behind it to secure that profit. The trader has full control over where the trailing starts and by how many pips it should be modified each time.

Furthermore, this section displays the trader’s balance, equity, and current drawdown. This information removes the need for the toolbox menu at the bottom of the trading terminal, providing a more unobstructed view of the trading chart and other tools.

Risk Management with MT4 Trade Manager EA

The Equity section of the Trade Manager EA is integral to risk management. It features the Daily Equity Protector and the Weekly Equity Protector. These features prevent traders from executing further trades once a predetermined profit or loss criterion is met, thereby aiding in efficient risk management.

The Daily Equity Protector is divided into Daily Profit and Daily Loss. For instance, if a trader sets their daily equity profit target to be $500, trading is disabled until the next trading day begins once this target is met. Similarly, the Weekly Equity Protector works in the same way, helping traders manage their risk on a weekly basis.

This section was designed to assist traders psychologically and to prevent ‘revenge trading’. It is a simple, yet powerful tool that can aid in daily trading. Should any errors or problems arise, traders can reach out for assistance.

Independent Testing and Feedback

Independent testing of this product is available on the forexroboteasy.com website. Traders can also subscribe to updates on the results of testing this product. Sharing experiences of using this product is encouraged, as it benefits the broader trading community.

FAQs

What is the MT4 Trade Manager EA?

The MT4 Trade Manager EA is a forex trading tool that assists in trade execution, trade management, and risk management. It is designed to be user-friendly and swift, catering to both beginner and expert traders.

What are the main features of the MT4 Trade Manager EA?

Key features include real-time trade execution, Automatic Risk Calculation, Break Even & Partial Close, Close Trades, Trailing Stop function, and Daily and Weekly Equity Protectors.

How does the MT4 Trade Manager EA aid in risk management?

The Daily and Weekly Equity Protectors within the Equity Section help manage risk by disabling further trades once a certain profit or loss target is met. This helps prevent ‘revenge trading’ and assists in maintaining a balanced trading approach.

Where can independent testing of the MT4 Trade Manager EA be found?

Independent testing results can be found on the forexroboteasy.com website. Traders can also subscribe to updates on the testing results.

This review provides an independent, comprehensive examination of the MT4 Trade Manager EA. It is clear that this forex trading tool offers a range of features to support traders in the fast-paced forex market.