Trade Manager MT4 DaneTrades

At the forefront of forex software innovations is the Trade Manager MT4 DaneTrades. An automated Forex software, it is designed to aid traders in managing their operations effectively and efficiently. This tool is a valuable addition to the MetaTrader 4 platform.

Automated Risk Management

The software offers advanced risk management features. It automatically adjusts risk based on a percentage or a fixed dollar amount. For those who prefer a more hands-on approach, there’s also the option to use fixed lot sizes or to allow the software to calculate the lot size based on volume and pips. These functions are aimed at saving traders time and reducing human error.

Furthermore, the Trade Manager has breakeven stop loss settings using Risk-Reward Ratio, Pips or Price. The software also has trailing stop loss settings to protect your profit. It is equipped with Max Daily Loss features in percentage or dollar amount to protect the account from excessive drawdown and to prevent overtrading. With the click of a button, all trades can be set to breakeven, making risk management a breeze.

Efficient Trade and Position Management

Trade Manager MT4 DaneTrades also assists traders in managing their trades and positions. The software helps to curb overtrading and revenge trading by setting a maximum number of trades per month, week, day, hour, or even minutes. It supports both market orders and pending orders.

Additionally, the software provides a Max Daily Profit Target in dollar amount or percentage. This feature helps secure positions and prevent overtrading. The Max Open Trades feature limits exposure and risk. The software also offers the ability to take partial profits using Risk-Reward Ratio, Pips or Price.

Visual Trading Tools

The Trade Manager MT4 DaneTrades is equipped with visual trading tools. Traders can use a visual risk-reward tool to enter trades and visualize trades using lines. The software also provides graphical performance and statistical data such as win rate, loss rate, and total trades. Traders can filter these stats by symbol and date range. The software also allows traders to save up to three setting file templates for quick access to preferred settings.

Notifications and Shortcuts

The software also provides alerts, push, and email notifications for various trading events. These include when an order hits stop loss or take profit, order goes to breakeven, a partial profit is taken, Max Daily Loss is reached, or when trading restrictions are applied or removed. Additionally, the software offers fully customizable hotkeys and shortcuts for its main functions, reducing the time spent navigating the tool.

Independent Testing

For those interested in independent testing of this product, forexroboteasy.com offers a platform where users can watch independent testing and subscribe to updates on the testing results of this product. It’s always advisable to see a product in action before making a purchasing decision.

FAQ

Does Trade Manager MT4 DaneTrades work with the MT5 version?

Currently, the software only enhances the MetaTrader 4 platform.

Can the software automatically take screenshots?

Yes, the software can automatically take screenshots on order pending, delete, open, close, expire, hit TP or SL. The timeframe and size of screenshots are customizable.

Does the software have a demo version?

For a demo version of the software, users are advised to message the product developer directly.

We encourage our readers to share their experiences with the Trade Manager MT4 DaneTrades. Remember, this is an independent product review, and we value your input. Happy trading!