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- Trading Robots
- Order Management
Order Management
Order Management
Key Features of Order Management
- Trade Execution: One-click trade entries with predefined entry and stop loss prices.
- Flexible Trade Management: Set partial take profit levels, trailing stops, and break-even points.
- Adaptive Risk Management: Adjust risk parameters based on balance and drawdown strategies.
- Trading Insights: Detailed statistics and performance metrics.
- User Interface: Intuitive GUI with tooltips and easy saving/loading of settings.
- Position Customization: Adjust positions directly from the chart.
- On-Chart Buttons: Quick controls for closing positions and cancelling orders.
- Advanced Spread Handling: Trade at candle prices or factor in spread fluctuations.
- Invisible Trades: Hide orders from brokers to avoid stop loss hunting.
- Stop Loss Protection: Fixed stop loss sizes with minimum and maximum limits.
- Trade Limits: Maximum lot size cap and equity stop level.
- Broker Limit Bypass: Bypass broker's maximum lot size limit.
- Hotkeys: Quick actions for setting positions to break-even, cancelling orders, and more.
- Trade Notifications: Sound alerts for entry, stop loss, take profit, and missed orders.
- Local Trade Copier: Synchronize trades across multiple installations with customizable risk settings.
Trade Execution
- Enter trades easily with one-click by defining entry and stop loss prices on the chart.
- Automatically calculate lot sizes based on your risk settings.
- Handle multiple positions simultaneously.
Flexible Trade Management
- Set flexible partial take profit levels with specific risk-to-reward (RR) ratios.
- Employ trailing by RR stop losses for advanced trade management.
- Automatically move to break-even or use MA-based close for dynamic trailing stop losses.
Adaptive Risk Management
- Seamlessly adjust risk parameters using the Adaptive Risk Management Formula Language.
- Tailored for both balance and drawdown-based strategies.
Trading Insights
- Dive into detailed statistics, from basic account info to performance metrics and trading details.
User Interface
- A user-friendly GUI with in-built tooltips for added guidance.
- Easy saving/loading of settings.
Position Customization
- Adjust and customize all positions directly from the chart by dragging the lines.
On-Chart Buttons
- Quick controls for partial/full closing of positions and cancelling pending orders.
Advanced Spread Handling
- Trade at candle prices with the 'Ignore Spread' mode.
- Factor in a specific amount of spread to protect against fluctuations with the 'Spread Factor' mode.
Invisible Trades
- Hide all orders, including market orders, entry, and stop losses, from your broker with the 'Spread Ignore' and 'Spread Ignore: Invisible' modes.
Stop Loss Protection
- Use a fixed stop loss size for enhanced risk management.
- Establish minimum and maximum stop loss size limits to ensure your stop loss never goes below or exceeds certain thresholds (ATR or Pips/Points).
Trade Limits
- Maximum lot size cap and equity stop level.
Broker Limit Bypass
- Bypass the broker's maximum lot size limit.
Hotkeys
- Implement quick actions such as setting positions to break-even, cancelling orders, switching order types, or closing all open positions.
Trade Notifications
- Receive sound alerts for entry, stop loss, take profit, and when stop pending orders are missed due to price reversals.
Local Trade Copier
- Synchronize trades across multiple installations with customizable risk settings on each slave.
Compatibility
- Works with custom symbol charts (seconds chart), forex, metals, crypto, and indices.
- Tested on Windows only (non-ARM version).
Conclusion
- Order management is crucial for successful trading, offering features that cater to every level of experience.
- Invest in tools that simplify complex functions and amplify your trading capabilities.
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