Trade Manager Tool - Other - 2 January 2024

Trade Manager Tool\xa0uses adjustable lines displayed on your chart to let you prepare and visualize your order\'s entry, stop loss and take profit levels before you open a position. It will then use these levels along with your choice of maximum risk preset in order to\xa0calculate your position\'s optimal lot size\xa0before sending the order to your broker. While providing an invaluable advantage to manual traders looking to control their risk and simplify their trading process, it also informs their decision making before they open a trade by providing them with crucial information such as their position\'s\xa0reward‑to‑risk ratio\xa0or\xa0trading fees.

Download Trade Manager Tool for MT5:\xa0

Download a free demo version:\xa0\xa0

KEY FEATURES:

• supports\xa0market,\xa0limit\xa0and\xa0stop\xa0orders
• automatically calculates your position\'s optimal lot size
• lets you set your own default values for each trading preset
• automatically adjusts your price levels if they need to include the spread
• prevents trading if the reward‑to‑risk ratio is too low or when trading fees are too high
• provides detailed order confirmations after sending orders
• automatically logs the order\'s details in a CSV file on your computer
• includes customizable sound notifications for new, modified and closed positions
• lets you apply your own visual settings to any of the panel\'s features

IMPORTANT INFORMATION:

• a double‑click is required to confirm orders\xa0unless this option is disabled in the EA\'s settings
• show/hide all stats\xa0by clicking on the\xa0% FEE\xa0button or by activating the\xa0SHOW ALL STATS\xa0option in the EA\'s settings
• activate/deactivate the\xa0R/R Tracking\xa0mode by clicking on one of the\xa0reward‑to‑risk ratio\xa0buttons in the order panel
• commission fees must be added manually to input settings\xa0in order to be included in risk calculations
• double‑click on one of the symbol or timeframe labels in order to access the session\'s notification history