Market / MetaTrader 4 / Utilities /

Trade Manager 4 Lite

30 USD

Demo downloaded: 814

Published: 13 March 2017

Current version: 5.214

Trade Manager 4 Lite

Utilities
MPP Labs
Version: 5.214
Updated: 22 April 2024
Activations: 10

Trade Manager 4 Lite is trading panel developed with a goal to make manual trading in some (routine) task easier.

Trade Manager 4 Lite also works in Strategy Tester. Version for Meta Trader 5 is here: Trade Manager 5 Lite

Main features of Trade Manager 4 Lite

Trading for Forex and CFDs
Support for 4 and 5 digit brokers
65 combinations to set order
Set Take Profit, Stop Loss and entry level for Pending Order with lines positioned on the chart
Break Even
Trailing Stop Loss
Multiple Orders at one click
One Cancels the Other
Trailing Pending Order
Expiration of Pending Order
The possibility to set the maximum Spread value
Close Market orders (close all open positions, only Buy, only Sell, only Buy/Sell in profit/loss)
Delete Pending Orders (by type)
Switch Pips and Points (only for Forex)
It fully works under Strategy Tester

Parameters

‌Workspace - save the position and status of all Panels to the Workspace
Strategy - set all values for your Strategy on the chart and save it to the Strategy
Name for your Workspace and Strategy set in Properties before you attach it on the chart (or change it by press F7)
Theme - Trade Manager supports custom Themes (possible to download or you can create your own here: Theme Builder)
Chart Shift - set chart offset in % from the right side
Magic Number

[-1] - Will manage all open orders
[0] - Will manage only open orders without Magic Number
[Any number] - Will manage only open orders with specified Magic Number (opened orders by any Expert Advisor)

Symbols - Current Symbol or All Symbols

Note: Trade Manager can take the control of orders open by other Expert Advisor by Magic Number and Symbols settings and apply settings for Break Even and Trailing Stop Loss.

New Order

Lots

we can set fixed Lot size
or we can leave it empty (or zero) too and then Lot size will be calculated.

We can define Take Profit and Stop Loss in Trade Manager on 4 different ways.

Take Profit [price] - based on exactly defined price
Take Profit [pips/points] - based on the distance from market price specified by Pips/Points
Take Profit [money] - based on amount of money we expect as our profit
Take Profit [%] - based on percentage of our account balance
Stop Loss [price]
Stop Loss [pips/points]
Stop Loss [money] - based on amount of money we want to risk
Stop Loss [%]

How to set Take Profit and Stop Loss with fixed Lot size: video
How to set Take Profit, Stop Loss and Position Size: video

Max Spread - allow to place the market order only when Spread is less than pre-set value
Slippage
Order Comment
Orders - possible to place several orders at one click

New Pending Order

Entry level [Price or distance in pips/points] - set entry level by price or distance
Step [pips/points] - set step distance from other pending orders (it works when Orders>1)
One Cancels the Other (OCO)
Trailing Pending Order
Expiry

Break Even

Break Even - set this value to True if you want to activate Break Even, otherwise to False
Trigger [pips/points or by RRR or by Price Line] - set the distance in profit needed to trigger Break Even for the order
Offset [pips/points] - set the offset from opening price after Break Even has been triggered

Trailing Stop Loss

Trailing Stop Loss - set this value to True if you want to activate Trailing Stop Loss, otherwise to False
Trigger [pips/points or by RRR or by Price Line] - set the distance in profit needed to trigger Trailing Stop Loss for the first time
Frequency [pips/points] - set the frequency (next triggers) how often should Stop Loss move
Step [pips/points] - set the step with which Stop Loss will move in the direction of the market

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