Download Easy Trade Manager EA [MT4]

Discussion in 'Forex EA' started by Admin, Feb 5, 2021.

  1. Admin

    Admin Administrator Staff Member

    Easy Trade Manager EA MT4

    TRADE MANAGEMENT RULES – HOW DO YOU LIKE SET YOUR TRADE RULES?

    Limit Order = True/False – True for enabling Limit/Stop Orders ; False for market orders
    Risk Setting = Select > Fixed Amount or Fixed Lot or % Balance – New! > Update below based on your Risk Setting
    Amount Risked = 100 – Means $100 to be risked per trade (Any currency) Enabled when Risk Setting = Fixed Amount
    % of Balance = % of Balance to be risked. Eg.2% – New!
    Fixed Lot Size = Lot Size to be risked. Eg 0.1 Lots > Enabled when Risk Setting = Fixed Lot

    If Risk Setting = Fixed Amount, Then only “Amount Risked” will be used. Similarly, If Risk Setting = % Balance, Then only “% of Balance” will be used.

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    STOP-LOSS SETTINGS – DEFINE STOP-LOSS AND WHEN TO BREAKEVEN

    SL Value = 20.0 means stop-loss will 20 pips
    Use Hidden Stops/Limit = True or False > “True” means TPs and SLs will be hidden
    Set Breakeven = Below features to set Breakeven
    1. 1/4 of TP1 – Means trades will be set to breakeven after price hits 1/4th of TP1.
        • Eg. If TP1 is 40 pips, BE will be set at 10 pips if BE=1/4 TP1
    2. 1/2 of TP1 – Means trades will be set to breakeven after price hits 1/2 of TP1.
        • Eg. If TP1 is 40 pips, BE will be set at 20 pips if BE=1/2TP1
    3. TP1 – Means BE will be set when price reach TP1
    4. TP2 – Means BE will be set when price reach TP2
    5. StepBE – Means BE will be automatically moved when price move from TP1 to TP2 to TP3
        • Eg. When Price hits TP2 , BE will be moved automatically moved from Entry to TP1
    Unique Stop-loss Assist feature = (Download to know more)

    PROFIT BOOKING SETTINGS – HOW MUCH TO PARTIAL CLOSE & WHAT LEVELS TO CLOSE

    % Take Profit 1 = 50 – TP1 % Percentage of Lots/Amount to be booked at TP1 – 50 means 50%
    % Take Profit 2 = 40 – TP2 % Percentage of Lots/Amount to be booked at TP2 – 40 means 40% ( TP3 will automatically be 10% )
    Take Profit Setting = Pips – enter pips below or Use Ratios – Eg 1:1 so if SL is 10 pips, TP1 will 10 pips
    Take Profit 1 = 20.0 – 1st Take Profit ; Eg. 20.0 means 20 pips if TP setting=pips,Ratio – 1.0 means automatically calculate 1:1 so if SL is 10 pips, TP1 will be 10pips
    Take Profit 2 = 40.0 – 2nd Take Profit ; Eg. 40.0 means 40 pips if TP setting=pips,Ratio – 2.0 means automatically calculate 1:2 so if SL is 10 pips, TP2 will be 20 pips
    Take Profit 3 = 80.0 – 3rd Take Profit ; 80.0 pips if TP setting=pips,Ratio – 3.0 means automatically calculate 1:3 so if SL is 10 pips, TP3 will be 30 pip

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    TRAIL SETTINGS – WHEN TO TRAIL & HOW TO TRAIL

    Trail Profit Start = Start when to Trail profit from TP1 or TP2 or > Buy/Sell Price – New!

    Trail Type = Magic Trail Slow = Use for Long Term trades ; Magic Trail Fast = Use for short term trades ; No trail

    TRADE SETTINGS – CONDITIONS USED FOR THE TRADES
    Slippage allowed = 3 – This means maximum slippage allowed will be 3
    Add Spread = True/False – Used to add spread to TP/SL automatically
    Order Comments = Used for updating comment

    Recommended Broker: XM.COM
    Download Easy Trade Manager EA
  2. Admin

    Admin Administrator Staff Member

    Download

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