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Trade Manager 4 Lite

5

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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    Filtro:
    sharifdarus2020
    29
    sharifdarus2020 2024.04.11 04:32 
     

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    MPP Labs
    19672
    Respuesta del desarrollador Miroslav Palun 2024.04.11 07:17
    hello, it is probably by settings. grey colors means pre-calculated values by your settings for the order (it means you just cannot edit calculated values now - but if you want you just turn off "calculate" button and pre-set other set of values). you can also send me the screenshot for sure that I can see if this is that case. thank you
    tconklin
    29
    tconklin 2023.09.25 12:08 
     

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    deddy4april
    14
    deddy4april 2023.07.28 21:08 
     

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    Виталий Алехнович
    65
     

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    ArcticAzelf
    14
    ArcticAzelf 2023.06.29 09:04 
     

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    XDosShane
    14
    XDosShane 2023.06.02 16:41 
     

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    forlongterm
    55
    forlongterm 2023.05.19 10:34 
     

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    yusovm
    14
    yusovm 2023.05.17 00:25 
     

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    Yurii Tretiak
    63
    Yurii Tretiak 2023.05.04 10:53 
     

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    zofesu
    350
    zofesu 2023.04.07 13:40 
     

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    Ranu1975
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    Ranu1975 2023.03.07 10:45 
     

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    GuitarSlinger
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    GuitarSlinger 2023.02.16 17:43 
     

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    maestro1213
    95
    maestro1213 2023.01.29 11:23 
     

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    eli kerketta
    18
    eli kerketta 2022.12.19 23:07 
     

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    Keokone
    294
    Keokone 2022.12.14 23:02 
     

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    votija.63
    373
    votija.63 2022.12.05 11:50 
     

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    Nicolás Flores
    28
    Nicolás Flores 2022.12.02 15:53 
     

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    [Eliminado] 2022.10.31 03:37 
     

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    Alen Vanshelboim
    38
    Alen Vanshelboim 2022.09.13 00:09 
     

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    Daren Pangilinan Razon
    138
    Daren Pangilinan Razon 2022.07.17 10:33 
     

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    Respuesta al comentario
    Versión 5.214 2024.04.22
    Upgrade:
    - Changed default distance for TP and SL price buttons
    - Recalculated the settings for the order after changing the symbol
    Fixed:
    - Remove showing calculator errors when there are none
    Versión 5.213 2024.03.27
    Upgrade:
    Manage External Orders
    Versión 5.212 2020.07.08
    Upgrade:
    - Improved calculator
    Fixed:
    - Saving order params to strategy
    - Loading strategy
    Versión 5.211 2020.06.27
    Upgrade:
    - Pips / Points switch works for all Symbols
    Fixed:
    - It was not possible to apply Take Profit or Stop Loss if one or the other was not set
    Versión 5.210 2020.06.22
    New features:
    - Improved "Drag and Drop" windows
    - Chart Events optimization
    - Added sound effect for taking Screenshot (windows are not deleted when a screenshot is taken now)
    - Added alerts when Workspace or Strategy is not saved
    - Minor layout changes
    Fixed:
    - Added Slippage back (moved from Settings to GUI)
    Versión 5.202 2020.04.26
    Fixed:
    - RRR and Price Triggers values for Break Even and Trailing SL
    Versión 5.201 2020.04.24
    Fixed:
    - Checking Line Errors
    - Order Comment
    Versión 5.200 2020.04.23
    New features:
    - Added price line for Break Even
    - Added price line for Trailing Stop Loss
    Fixed:
    - Lines for TP, SL, Pending Order
    - Problem with different resolutions
    Versión 5.100 2020.04.12
    New Features:
    - Close Panel in separate window
    Versión 5.0 2020.04.11
    New features:
    - Define Break Even and Trailing Stop Loss Triggers by RRR
    - Screenshot
    - Expiry Pending Orders
    - Set values for trading on the chart
    - Save Workspace
    - Save Strategy
    - Support custom themes from Theme Builder
    - Layout and theme changes
    Versión 4.8 2019.05.12
    Fixed:
    - Fixed drawing Sell Limit line on the chart
    Versión 4.7 2019.04.22
    New features:
    - Improved Lot Size Calculator - auto detect wrong settings
    - Switch Buy and Sell buttons (Right/Left)
    - Minor improvements
    Fixed:
    - Fixed Order calculations
    Versión 4.5 2019.01.31
    Fixed:
    - Fixed Lot size calculation
    Versión 4.4 2019.01.10
    New features:
    - Improved Trailing Stop Loss
    - Added Info Panel
    - Added Toolbar Panel
    - Break Even and Trailing Stop Loss settings moved to Toolbar Panel
    - Updated layout of Trading Panel
    Fixed:
    - Fixed calculation for Lot size
    Removed features:
    - Dock Panels
    Versión 4.3 2018.05.10
    New features:
    - Break Even and Trailing Stop Loss settings added to panel
    - Added Order Comment
    - Added "One Cancels the Other" button for Pending Orders
    - Improved Pending Orders settings
    - Updated layout of Trading Panel
    - Scaling panels
    - Added sound effects
    Fixed:
    - Fixed Buy Stop button
    - Fixed docking panels
    Versión 4.2 2017.04.19
    New features:
    - Extended Dashboard Panel
    - Dock Panels (set panels to 4 corners or hide panels)
    - Added Themes
    Fixed:
    - Fixed design issues
    - Fixed Chart Shift
    - Fixed Close Sell button
    Versión 4.1 2017.04.06
    New features:
    - Break Even
    - Trailing Stop Loss
    Fixed:
    - Fixed minor issues for Strategy Tester