Position Management

Understanding Position Management

Automatic adjustment of risk based on % or $
Option to use fixed lot sizes or automatic lot size calculation based on volume and pips
Breakeven stop loss settings using RR, Pips, or Price
Trailing stop loss settings
Max Daily Loss in % or $ to automatically close all trades when the target is hit
Breakeven all trades with one button
Automatically calculate risk for trades sent from Mobile/phone
OCO (One Cancels the Other) available in the settings

Stop overtrading and revenge trading with setting max trades per Month, Week, Day, Hour, or Minutes
Advanced Pending Order Management with rules for when to close pending orders
Trailing Pending Orders
Support for both market orders and pending orders
Max Daily Profit Target in $ or % to secure positions and stop overtrading
Max Open Trades to limit risk and exposure
Automatically take partials using RR, Pips, or Price
Enter using fixed RR targets such as 1:2, 1:3, 1:4, etc., and see the calculated profit of the position
Close all pending orders with one button

Use a visual risk-reward tool to enter trades and visualize trades using lines
Check account performance and stats such as Win rate, loss rate, total trades, etc.
Visualize trading performance and get a graph of stats with filters such as symbol and date range
Save up to 3 setting file templates for the managed settings
Load settings files to quickly use your most preferred settings
Automatic screenshots

Scaling into market structure moves using 'elastic band theory' and mean reversion moves
Manual trade buttons to take initial entries or place manual additional trades in any existing position
Automatic drawdown control (scaling out of losing trades) as they hit specific percentages in drawdown on your account
Perform aggressive drawdown control (full-size trades with stop losses) when your total position hits a specific percentage of your account in drawdown
Total control over the minimum distances between trades in each position and the lot size increment (if required) for additional trades
Risk auto calculated based on percent of your account size or a fixed lot size
Individual exit targets based on a percentage of your account for individual trades, positions in a single direction, and all trades open on each instrument traded
Trade time filter to ensure no trades are taken during swaps where high spreads occur

Advanced mechanisms for opening hedging positions and automatically locking in profits
Ensuring the protection and maximization of your profits
Adaptable and flexible, compatible with any balance, leverage, broker, and symbol
Designed to adapt from high-return (and high-risk) strategies to more conservative options
Custom optimization and smart control to adjust your strategy for any market situation
Control the maximum size of your positions and use the Magic Number for effective and customized management

Symbol Manager or Grid Manager to group orders into one position by symbol and direction
Useful for multi-currency traders with multiple orders on several pairs
See the total number of lots, total profit, and set virtual stop loss and virtual take profit
Set real TP (Take Profit) or SL (Stop Loss) by first setting the virtual value and then entering the command
Collect orders together into one position for easier management

Dynamic risk adjustment mechanism that continuously evaluates market conditions, account size, and other relevant factors
Switching between different risk management strategies based on predefined criteria
Real-time analysis of each potential trade considering factors such as volatility, correlation, and market sentiment
Customizable parameters to align with specific trading objectives and risk tolerance
Continuous monitoring of account equity, drawdown levels, and other risk metrics
Position sizing optimization to optimize risk-adjusted returns and mitigate potential drawdowns
Backtesting and optimization to assess performance under various market scenarios
Compatibility with MetaTrader platforms and a wide range of brokers and trading instruments
Risk control mechanisms such as stop-loss orders, trailing stops, and hedging strategies

Position management is a crucial aspect of trading that involves various strategies and tools to manage risk and maximize profits
Utilizing advanced algorithms, hedging techniques, and dynamic position sizing can significantly enhance trading performance
Tools like the Symbol Manager and advanced EAs (Expert Advisors) provide traders with the flexibility and control needed to navigate the complexities of financial markets
Effective position management ensures that traders can achieve their financial goals while minimizing exposure to market volatility