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Breakout Order Manager

Most retail traders cannot manage risk and blow accounts by over risking or over trading. This tool fully automates drawdown and risk management, leaving a trader to only focus on their entries. It is ideal for trading Breakouts or Pullbacks. It uses the previously closed candle height to calculate risk by placing the Stoploss above the high in a sell trade or below the low in a buy trade. Stoploss placement is customizable by timeframe. When in drawdown; it manages risk by automatically closing partial positions at predefined Stoploss percentages. Set multiple take profit levels by Risk Reward or Pip value.

Can be used for any entry method and with any trading style; scalping, intraday or swing trading.

Features:

  • Can trade both Breakouts and Pullbacks with its unique “Order Types” setting.
  • Automatically calculates risk on all limit or stop orders by using the most recently closed candle height.
  • Uses a Stoploss distance method to automatically manage drawdown by partial closing positions when price nears the Stoploss.
  • Uses a Pip value or Risk Reward method to set multiple take profit levels.
  • Can automatically or manually move stop loss to entry.
  • Can automatically or manually close partial positions.
  • Automatically closes all open positions when daily gain percentage is reached.
  • Automatically closes all open positions when daily loss percentage or $ value is reached.

    WARNING!!!

    1. DO NOT purchase if you cannot or do not want to read the user manual. User manual available only in English.
    2. Before you purchase, test the FREE VERSION on strategy tester and familiarize yourself with each setting and how they work.
    3. I strongly recommend renting for 1 month and testing extensively to see if it's the right fit for your style of trading.
    4. You MUST test this trade manager on a demo account for at least 2 weeks before using on a live account.

    IMPORTANT!!!

    1. After purchase, please private message in mql5 for the User Manual and access to the Private Mentorship Group.
    2. The default settings are set to minimize drawdown and protect capital. You can change and test settings to suite a higher risk tolerance.

      I recommend the Price Action Signals of this indicator

      https://www.mql5.com/en/market/product/90411


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      Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
      Mentfx Mmanage
      Anton Jere Calmes
      5 (16)
      The added video will show you the full functionality, effectiveness, and simplicity of this trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool c
      On the occasion of the first days of publishing and attracting first customers, a 50% discount $120 for first 10 user Next price is $160 > $200 > $240 Don't forget to send a message after buying (not renting) to add you to our VIP group for free. Live OrderBoook, Another high-level tool by Ziwox Order Book An order book is an electronic list of buy and sell orders for a specific asset, organized by price level. It provides real-time data on market depth, showing the amount of pending orders
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      Price Action Entry Alerts
      Stephen Sanjeeve Sahayam
      5 (3)
      This indicator screens every bar for buying or selling pressure and identifies 4 types of candle patterns with the highest volume. These candles are then filtered using several linear filters to show Buy or Sell signals. Signals work best, in conjunction with higher time frame direction and when traded during high volume hours. All filters are customizable and work independently. Can view signals of a single direction with the click of a button. This indicator also comes loaded with the most im
      Smart Keys Sniper Entry
      Stephen Sanjeeve Sahayam
      This 2 in 1 trade manager is ideal for trading candle breakouts. It can cost average a trade by placing additional limit orders on pullbacks. This ensures you get the best price on all your positions and a higher RR on your wins. Risk is calculated by the most recently closed candle height. The trade assistant buttons help manage all manually placed orders. Use it with any entry method; price action or indicators and for any trading style; scalping, intraday or swing trading. Features: Trade ca
      Smart Key Trade Manager
      Stephen Sanjeeve Sahayam
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