ManHedger MT4

5

THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT.

Manual & Test Version

Please DON'T BUY this product before TESTING and watching my video about it.

Contact me for user support or bug reports, or if you want the MT5 version!

MT5 Version

I do not guarantee any profits or financial success using this EA.

With this Expert Advisor, you can:

  • Implement your own Zone Recovery strategy to capitalize on trending markets.
  • Create Grid trading strategies, to profit from ranging markets.
  • Place orders easily and clearly.
  • Display your trades/strategies on the chart.
  • Display your Take Profits/Stop Losses as a percentage.
  • Display volume in monetary amount.
  • Use Trailing StopLoss and Riskreward ratios.
  • Manage your open trades & pending orders
  • Limit your Drawdown & Profits
  • Create Hedging Strategies
  • Open trades with partial takeprofits
  • Open trades with automatic breakeven

This tool has helped me solve many of my own problems, and now I'm trying to help others as well. It can function as both a trade manager and a trading bot at the same time.

The trading strategy I use this utility for is based on the following idea: Most people lose trading forex. Betting against the sentiment with grid strategies seemed to be a profitable strategy for me. Zone Recovery strategies excel at trending market conditions. This is a huge advantage, because predicting direction is much harder than predicting high volatility. Initialising Zone Recovery strategies before news events is another key element of my personal trading strategy.

My advice for using the product:
  • When interpreting zone recovery or grid strategies, it is advisable to set a risk much higher than the gain, with a recommended Risk-Reward ratio of at least 15:1.
  • When changing the gain or risk of a running strategy, it is not recommended to set a much higher gain or a much lower risk, as it may have negative effects on the well-calculated strategies.
  • I do not recommend running zone recovery and grid strategies at the same time on the same security.
  • Setting the EA for the same securities multiple times with the same magic numbers may result in unexpected errors. (The EA distinguishes other EAs with the help of symbols and magic numbers).
  • I do not recommend using the grid strategy with an Orderstep or Density set too high, as the starting order may be too small.
  • I recommend using the EA for securities which have the account currency as either the base or margin currency.
  • With price changing the size of a lot in your base currency may change, re-enter the volume if you are calculating in monetary amount.
  • Don't remove Expert/close chart/close MetaTrader, when a strategy is running.
  • If the Balance is 0 the Expert won't work.

If you encounter any issues or have any feedback, recommendations, or questions regarding the program, please do not hesitate to contact me. I am committed to addressing any concerns and fulfilling your requirements to ensure the best possible experience with the product.


I'm constantly trying to improve this product and new versions can be expected.

I hope I could be of assistance, and that you will find this utility useful.

#Tags: Grid Tool Manual Grid Grid Manual Hedge Tool Hedge Manual Manual Hedge Hedging tool Strategy Builder grid strategy creator hedge strategy trade manager order manager visual display order display trade management trailing stop trailing sl riskreward tool prop firm challenge prop challenge trade assistant order grid management grid trading equity protector protect equity risk manager risk tool drawdown protect drawdown limiter  close all sl breakeven
Reviews 6
Jozsef Lakatos
521
Jozsef Lakatos 2024.03.23 08:22 
 

A promising utility. I really like it; all my respect to the writer. Very well thought out and developed. Keep it up. Thank you very much.

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Open charts
Maksim Slovakov
Скрипт открывает графики по всем инструментам находящимся в окне "Обзор рынка" и по желанию может задать для всех графиков один шаблон. Так-же можно удалить все графике открытые в терминале Мт4. В скрипте имеются следующие настройки: "Таймфрейм" по умолчанию M30;             (Можно поставить свой: M1, M5, M15, M30, H1, H4, D1, W1, MN.) "Задержка" по умолчанию "0";                  (Задержка перед открытием следующего графика в миллисекундах.) "Шаблон" по умолчанию "True";                (True=пр
По факту вы выставляете виртуальные Buy Stop и Sell Stop которые срабатывают после закрытия свечи. Данный помощник позволяет заранее выставить уровень Stop Loss и Take Profit. Так-же имеется демо режим для предварительного расчёта параметра риск/прибыль. Помощник имеет следующие настройки "Лот" по умолчанию "0.01" "Проскальзывание" по умолчанию "60"        (Значение в пунктах) "Номер Ордера" по умолчанию "0"               (Магический номер ордера) "Цвет Комментариев" по умолчанию "Black"  "Шрифт
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The Trade Manager Interface is a free utility designed to simplify manual trading in MetaTrader. MT4 Version Available Please leave a review, if you like the trade manager. It allows traders to visualize trades directly on the chart, calculate position size automatically, and manage orders with advanced features such as partial take profits, automatic breakeven, and trailing stops. For more advanced features check out: ManHedger This tool focuses on risk control and execution precision, making
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The   Trade Manager Interface   is a free utility designed to simplify manual trading in MetaTrader. Please leave a review, if you like the trade manager. It allows traders to visualize trades directly on the chart, calculate position size automatically, and manage orders with advanced features such as partial take profits, automatic breakeven, and trailing stops. This tool focuses on risk control and execution precision, making trade management faster and more efficient. For the advanced trade
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With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing. Input parameters: ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation LongArrowColor: The color of the Arrows displaying a Bullish candle formation BullishEngulfing: Disabled/Enabled/EnabledwithAlert BearishEngulfing: Disabled/Enabled/EnabledwithAlert Pin:  Disabled/Enabled/Enabledw
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With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing. I'd appreciate if you would review the indicator Input parameters: ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation LongArrowColor: The color of the Arrows displaying a Bullish candle formation BullishEngulfing: Disabled/Enabled/EnabledwithAlert BearishEngulfing:   Disabled/Enab
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Jozsef Lakatos
521
Jozsef Lakatos 2024.03.23 08:22 
 

A promising utility. I really like it; all my respect to the writer. Very well thought out and developed. Keep it up. Thank you very much.

V2DAY
45
V2DAY 2023.12.07 21:52 
 

User didn't leave any comment to the rating

jgooi777
239
jgooi777 2023.11.23 07:56 
 

User didn't leave any comment to the rating

Peter Mueller
32935
Reply from developer Peter Mueller 2023.11.23 08:07
Thank you for the review, it means a lot to me!
San Takashima
115
San Takashima 2023.10.17 11:12 
 

User didn't leave any comment to the rating

Peter Mueller
32935
Reply from developer Peter Mueller 2023.11.14 20:48
I'm using the built in dialog class, which has an "x" and for some reason the built in combobox, does not enable you to change the size easily, but I'll try to make it better and more customizable (can not promise anything in this regard) I've added comments to the EA since. Sadly these GUI-s are on the heavier side they are more "complex" and require more programming than basic EA-s. What you've mentioned in your 4th point: calculating tp from volume, it is completely possible with this tool, just set your TP inMoney, volume you want to use, leave tp blank and hit calculate, that's it. Thanks for the update and the review I appreciate it
TGY53
126
TGY53 2023.09.24 08:17 
 

User didn't leave any comment to the rating

Peter Mueller
32935
Reply from developer Peter Mueller 2023.09.24 12:27
Thank you for your review!
Chris Ng
19
Chris Ng 2023.08.03 05:18 
 

User didn't leave any comment to the rating

Peter Mueller
32935
Reply from developer Peter Mueller 2023.08.08 00:17
Thanks for the review!
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