• Overview
  • Reviews (6)
  • Comments (2)
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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 or watching my video about it.

Contact me for user support & advices!

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.

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

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
511
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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Jozsef Lakatos
511
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
234
jgooi777 2023.11.23 07:56 
 

User didn't leave any comment to the rating

Peter Mueller
20428
Reply from developer Peter Mueller 2023.11.23 08:07
Thank you for the review, it means a lot to me!
San Takashima
114
San Takashima 2023.10.17 11:12 
 

User didn't leave any comment to the rating

Peter Mueller
20428
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
116
TGY53 2023.09.24 08:17 
 

User didn't leave any comment to the rating

Peter Mueller
20428
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
20428
Reply from developer Peter Mueller 2023.08.08 00:17
Thanks for the review!
Reply to review
Version 4.21 2024.05.25
Fixed some bugs, now all pending orders are deleted when trimming.
Version 4.20 2024.05.23
Added settings to the Hedge mode. Traders can now delete tickets from the hedging batch and set the squeezing range used for the squeezing procedure of the hedging strategy.
Version 4.16 2024.05.21
Fixed a bug: it was possible to change the gain/lot or the takeprofit to an invalid value while the Hedge strategy was running.
Version 4.14 2024.05.16
Fixed a bug added in the last update.
Version 4.13 2024.05.16
Fixed a bug when stopping hedging strategy
Version 4.12 2024.05.15
Fixed a bug with the scaling
Version 4.11 2024.05.07
Fixed a bug when dragging Hedge TP while strategy is running: now Takeprofit can be changed not only using the textbox, but by dragging the TP level.
Version 4.1 2024.05.04
Fixed some bugs, minor changes
Version 4.0 2024.05.02
Hedge mode added, now another strategy is available for users (check out the new manual to better understand it). Added the opportunity to add partial takeprofits and automatic breakeven. Grid strategy can be now initialised by the starting volume instead of the volume cap (volume cap is still possible). The VolumeStep/OrderStep of the grid strategy now van be additive instead of multiplication.
Version 3.52 2024.03.16
Fixed another bug
Version 3.51 2024.03.15
Fixed some bugs about Scaling. Minor changes
Version 3.5 2024.03.10
Updated the Scaling it should work now on all monitors with every kind of resolution
Version 3.4 2024.01.05
Fixed an error: opening new trades with Long/Short Grid strategy after sell limit is reached
Version 3.3 2023.12.20
Improved the behaviour of the dialog on each tick, when dialog and Trading/Strategy Box has to be synchronized.
Version 3.2 2023.12.15
Fixed some bugs
Version 3.1 2023.12.11
fixed some bugs
Version 3.0 2023.12.05
new Mode added: Manager. Here you can close trades and delete orders based on your selected properties with one click. You can also move SL of these trades to break even. You can also add a maximal drawdown of the currently open trades, so the EA can now work as an equity protector. It is possible to do the same with the profits e.g you can set the monetary amount of losses and profits in money or in the percentage of your balance, both of which when exceeded all trades will be closed out. The Trade Mode has been reworked: You can now set your volume based on your preferred risk or gain on the trade, calculate mode has been removed becouse of this. Zone Recovery mode: Added an information box in the upleft corner, where you can see the theoretical maximal count of orders of a given zone recovery hedging strategy.
Version 2.4 2023.11.16
Minor changes.
Version 2.3 2023.11.14
New input parameter: Hard StopLoss Points, if you want to secure your strategie's trades, you can enter a value, so it'll protect each trade with a StopLoss. Whenever you display running Grid strategies (or all information about the Grid is filled out) you'll see now the StopLoss and the TakeProfit Level on the chart. You can now add comment to your trades in Trade mode.
Version 2.2 2023.11.03
Fixed some bugs, capitalization when typing ask or bid now does not matter.
Version 2.0 2023.10.30
Added Trailing Stop and Risk Reward ratio, fixed minor issue with Grid Long only and Short only Strategies, whenever Running with Ask/Bid Price, added 2 input parameters: Grid Comment and Zone Recovery Comment, these Comments will be used when placing orders/opening trades with a custom strategy of the user.
Version 1.9 2023.10.13
Updated the name of the panel and the name of MartinGaleMagicNumber to ZoneRecoveryMagicNumber. Fixed a minor bug
Version 1.8 2023.10.03
Implemented a proactive order execution mechanism(Stop and Limit orders will be made instead of price reaching the level -> opening a trade), allowing users to visualize trade volumes before reaching the target level—a valuable enhancement for strategic planning. Upgraded the parameter naming to enhance clarity, transitioning from 'Vol' to 'MaxVol' in strategies. Additionally, resolved any bugs associated with the accurate display of Zone Recovery strategies on the chart. Introduced an intelligent file-saving mechanism that incorporates the account number. This ensures seamless transitions between accounts in the trading terminal without any interference with EA functionality.
Version 1.7 2023.08.17
Fixed a bug: Keep Trading didn't work in Grid mode
Version 1.6 2023.08.15
Changed "Martin Gale" to Zone Recovery
Version 1.5 2023.08.11
Fixed the Dialog minimizing, when changing charts or restarting Metatrader.
Version 1.4 2023.08.07
New feature: Status Quo. Now when running Martin Gale and Grid strategies you no longer have to choose between "Keep Trading" and "Stop at Close", but there is a third option: Status Quo, which will keep your strategy running, but the Startprice won't change, the strategy will be exactly the same as it was for the first time.
Version 1.3 2023.08.03
Fixed wrong lotsize and volume error for some indices.
Version 1.2 2023.08.01
Added 2 input parameters: ShortColor and LongColor, these will be the colors used to display strategies and trades on the chart
Version 1.1 2023.07.31
Fixed an error, that occured on IG Markets platform.