Forex Trade Manager, a dynamic assistant designed for the seasoned forex trader. Unlike typical automatic trading robots or Expert Advisors (EAs), Forex Trade Manager doesn’t autonomously open positions or make trading decisions. Instead, it is an invaluable aid in manual trading, streamlining operations, and improving decision-making efficiency.
Features of the Forex Trade Manager
Position Management and Risk Control
- Quick Position Management: One-click operations to open, close, or reverse positions.
- Risk-based Lot Calculation: Automatic calculation of trade volumes based on the set risk parameters.
- Quick Pending Order Placement: Speedy setup of pending orders with adjustable parameters.
- Breakeven, Trailing Stop, and StopLoss/TakeProfit Setting: Easy setup and adjustment of SL/TP, breakeven, and various trailing stop strategies (including ATR, EMA, PSAR, HighLow) both before and after opening a position.
Advanced Order Management
- 3-Level Partial Close & 4 Types of Equity Auto Close: Manages partial or total position closure based on market performance or set criteria.
- Grid Support and Lot Increasing Modes: Advanced grid trading features with multiple lot size strategies and position management.
- Hedge Function: Enables the opening of hedge positions to mitigate risks.
- Closing Positions at a Predetermined Time: Schedule the closure of positions at a specific time.
