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Powerplay Trade Manager

Overview of Powerplay Trade Manager

  • The Powerplay Trade Manager is an advanced trading tool designed to assist Forex traders in managing their trades efficiently.
  • It features a comprehensive dashboard that displays open trades, drawdown and profit information, lot sizing, and risk management strategies.
  • By using this manager, traders can avoid over-leveraging and ensure they're not taking conflicting positions on the same currency.

    • Core Features

  • Open Trades Overview: Easily view all current open trades sorted by currency pair, along with directional bias on each position.
  • Drawdown & Profit Tracking: Check the drawdown or profitability instantly to identify trades that require close management.
  • Exposure Management: Assess the directional bias on each currency to prevent conflicting trades on multiple pairs.

    • Performance Metrics

  • Account Details: Quickly view balance, equity, and margin details to assess overall performance.
  • Risk Management Tools: Gain insights into max drawdown and risk for the day, ensuring compliance with trading limits.
  • Total Profit Forecast: See potential profit across all trades hitting their take-profit targets.

    • Alerts and Notifications

  • Custom Alerts: Set alerts for various metrics such as reaching daily profit targets or when a drawdown hits specific levels.
  • Profit Target Over-Run Notifications: Track how much over the daily profit target you currently are, helping in managing positions effectively.

    • Compatibility with Other Trading Strategies

  • The Powerplay Trade Manager integrates seamlessly with manual trading as well as automated strategies.
  • It can work alongside various Expert Advisors (EAs) without hindering their performance, providing a robust management layer.

    • Limitations

  • The tool is designed specifically for Forex pairs and will not support indices or commodities that use single tickers.
  • It is necessary to ensure that only one Expert Advisor runs per chart due to Metatrader's limitations.

    • Conclusion: A Must-Have Tool for Forex Traders 🚀

  • The Powerplay Trade Manager stands out as a critical tool for any trader looking to enhance their workflow and efficiency. 🤑
  • Whether you are new to Forex or an experienced trader, this manager simplifies complex trading operations into manageable tasks, ensuring you're well-equipped to navigate the market challenges.

    • Welcome to the world of Powerplay Trade Manager where trades are managed as smoothly as your ex's excuse for ghosting you! So, does this tool actually perform as advertised? Or is it just a flashy facade designed to lure in unsuspecting traders looking for the holy grail? Let's b ...

    Release Date: 28/05/2014

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