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    Trade Manager Quick Guide - Cleaned

    Uploaded by

    Rui
    The document provides instructions for installing and using the Trade Manager Expert Advisor. It describes how to download and add the EA to a MetaTrader 4 chart. It also outlines the various settings that can be configured through the EA's interface to customize how trades are placed and managed, including settings for stop losses, take profits, lot sizes, risk percentages, and handling of trades around major news releases.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Trade Manager Quick Guide - Cleaned

    Uploaded by

    Rui
    119 views4 pages
    The document provides instructions for installing and using the Trade Manager Expert Advisor. It describes how to download and add the EA to a MetaTrader 4 chart. It also outlines the various settings that can be configured through the EA's interface to customize how trades are placed and managed, including settings for stop losses, take profits, lot sizes, risk percentages, and handling of trades around major news releases.

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    Trade Manager Quick Guide.cleaned

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    The document provides instructions for installing and using the Trade Manager Expert Advisor. It describes how to download and add the EA to a MetaTrader 4 chart. It also outlines the various settings that can be configured through the EA's interface to customize how trades are placed and managed, including settings for stop losses, take profits, lot sizes, risk percentages, and handling of trades around major news releases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    119 views4 pages

    Trade Manager Quick Guide - Cleaned

    Uploaded by

    Rui
    The document provides instructions for installing and using the Trade Manager Expert Advisor. It describes how to download and add the EA to a MetaTrader 4 chart. It also outlines the various settings that can be configured through the EA's interface to customize how trades are placed and managed, including settings for stop losses, take profits, lot sizes, risk percentages, and handling of trades around major news releases.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    TRADE MANAGER

    INSTALLATION
    1. Download the Trade_Manager.ex4.
    2. Go to your MetaTrader 4 platform → File → Open Data Folder

    3. In this folder, go to MQL4 → Experts and copy the Trade_Manager.ex4 there. Restart
    MetaTrader 4.
    4. In MetaTrader 4, press CTRL + N. This will open Navigator window. Find the Trade_Manager
    there. It will be under the Expert Advisors. Drag & drop it on a chart where you want to use it.

    5. A window with indi settings will automatically open. Go to the “Common” tab and tick the
    “Allow DLL imports”.
    SETTINGS
    Access settings by pressing F7

    1. Show_visual: highlight/don’t highlight the SL/TP areas


    2. Forex_factory_link: the Trade Manager gets Macro news data from ForexFactory website. If
    they change the address the news is stored, then you will need to change this to this address. It
    is not likely you will ever need to do this.
    3. Stop_loss_pips: default pip distance to SL that will show on Trade Manager when you start it.
    This number can be easily adjusted from the trade Manager itself.
    4. Take_profit_pips: default pip distance to TP that will show on Trade Manager when you start it.
    This number can be easily adjusted from the trade Manager itself.

    5. Lot_calculation_type: determines the amount from which your Risk gets calculated. It can be
    either from Fixed amount, your Equity, or your Balance.
    6. Risk_percent: default percentage of risk per trade. Can be adjusted easily from the Trade
    Manager panel itself

    7. Close_partly_lot: default number of Lots to close when you use the “Close Partly button”. This
    can be adjusted easily from the Trade Manager panel itself.

    8. Alert_distance: default distance (in pips) of an alert from Limit order trade entry line. You can
    easily change the distance in your chart by dragging the Alert line up/down.

    9. Alert_delay_minutes: if the price went over the Alert line over and over again, then it would
    ring all the time. This parameter limits the time period between Alerts.
    10. Risk_step: when you are adjusting Risk % straight from the Trade Manager, and if you do so
    with those little up/down arrows, then this is the smallest step. 1 click = 1 step.

    11. Risk_digits: how many decimals to use when setting your Risk %.
    12. UseMaxRating, UseMediumRating, UseLowRating: those settings apply to the “Secure Limit
    Orders” function. This function secures your Limit orders before, during and after macro news
    release. MaxRating will protect your Limit Orders against the strongest macro news, Medium
    will protect you from news with a medium impact, and LowRating will protect your Limits from
    the weak news. Whether news is strong, medium, or weak is determined from
    www.forexfactory.com.
    13. Secure_limit_orders_min_before: determines how many minutes before macro news release
    your Limit Orders will get withdrawn and secured.
    14. Secure_limit_orders_min_after: determines when withdrawn/secured Limit Orders get placed
    back on the chart after the macro news release.
    15. Panel_scale: determines how big you want the Trade Manager pad (small, medium, big).

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