FOREX TRADE MANAGER MT4 EA
The MT4 Trade Manager is the Best EA (Expert Advisor) designed by 4xPip to assist forex traders, financial and manual traders by providing an easy interface and time-saving calculator. This 4xPip Expert Advisor is an excellent tool that helps traders to place and manage their trades easily. It allows traders to adjust lotsize either fixed amount of lots or automatic lot size based on the risk they are taking. This valuable tool is an excellent bot for traders to save their precious time because it provides a built-in calculator that helps them to carry out their desired price calculations to place pending trades such as Buy stop, Sell stop, Buy limit, Sell limit and adjust Stoploss, Takeprofit according to trader’s preferences. It automates the process of placing trades, closing trades, managing SL, TP and lotsize in just a few clicks.
MT4 Trade Manager EA is designed for MetaTrader 4. Furthermore, this MT4 expert advisor uses a unique mathematical calculator that simplifies traders’ complex calculations of adjusting risk-based autolot, Stoploss, Takeprofit, and Trade entries. Additionally, it can close hundreds of trades in a single click. Moreover, it simplifies the lengthy methods and places Buy trade and Sell trade in no time. The traders do not need to learn extensive mathematical skills to do lengthy calculations. The 4xPip trade manager will do all the calculations for the trader very easily and error-freely. Furthermore, the 4xPip-designed MT4 Expert Advisor allows traders to draw buy lines and draw sell lines to place the pending trades easily on the chart. Moreover, the Trade Manager MT4 allows traders to avoid time-consuming procedures to open pending trades and help them to complete their tasks in just a few clicks.
Features of MT4 trade manager:
- Risk level and lot size: This MT4 4xPip EA assists all Financial and Manual traders by allowing them to set risk levels with just a few clicks and choose between fixed lot size or risk percentage auto lot. It helps MT4 traders to skip lengthy steps and complete their tasks in just a few clicks.
- Open Pending Trades: MT4 Trade Manager has the ability to open pending trades (Buy stop, Sell stop, Buy limit, Sell limit) by drawing lines on the chart, which helps traders to easily adjust position of pending trades on the chart to avoid error and by passing lengthy steps. In this way, the trades are opened at accurate chart levels.
- Stoploss and Takeprofit: MT4 Trading panel allows the trader to draw lines on the chart to easily adjust stoploss and takeprofit levels for the trades. It is far more easier than the traditional methods of SL, TP adjustment where a trader has to do lengthy calculations via calculator.
- Delete Pending Trades: MT4 4xPip Trade Manager contains a feature to close all the pending trades of the chart with just a button click. It makes it very easy to manage pending trades on MetaTrader.
- Buy lines and Sell lines: 4xPip designed Expert Adviser has made trading smart and easy by assisting traders to draw Buy lines and sell lines to adjust their trades according to their desire on the chart. You can adjust, SL, TP with the help of lines for market and pending trades.
- Open Market Trades: MT4 4xPip Trade Manager has a simple and attractive interface to open Buy trades and Sell trades in the market accurately. It saves time for manual trades to adjust sl, tp, and do manual calculations.
- Close all Buy and Close all Sell Button: MT4 4xPip trade Manager’s easy-to-use interface allows traders to close all open positions with just one click by using Close all Buy and Close all Sell Button. It can close thousands of trades with just one click.
- 4xPip MT4 Built-in Calculator: This 4xPip MT4 Trade Manager Calculator assists traders by performing all the calculations in just a few clicks. It helps traders in managing trades, Risk management, setting their stop loss, and take profit. Traders don’t need to perform manual calculations by time-consuming procedures on MT4, now they just need to enter values and get desired results.
- Stop Loss: 4xPip MT4 Trade Manager has revolutionized the trading experience by allowing traders to set their stop-loss level either in pips or price. Instead of following MT4’s time-consuming procedure, 4xPip has made it easy for all financial and manual traders to set their stop loss easily and saves traders useful time.
- Take Profit: Also, the Trading panel also allows taking profit level either in pips or price. Instead of following MT4’s time-consuming procedure, 4xPip has made it easy for all financial and manual traders to set their take profit easily and saves traders useful time.
- Easy to use: It can be placed anywhere on the chart, it can also be minimized and moved around. So that trader can move it anywhere he wants to.
- Delete Unopened Pending order: Moreover, the trade manager has the functionality to automatically delete the pending trades after a few mins if a pending trade is not executed by price. It will not cause losses to the trader.
- Confirmation Message: The trade manager asks for confirmation whenever you are about to perform any sensitive operation such as closing out trades.
- Alerts: Lastly, it sends Alerts to your Desktop, Email, and Mobile whenever a trade opens or closes, or a pending order changes into a market order.
1: To Minimize the window of Best Trade Manager on price chart
2: To delete panel from the chart
3: Select this radio button, when you want to open a market buy or market sell trade
4: Select any radio button for the pending trade entry. You can select Buy stop, Sell stop, Buy limit and Sell limit pending trades
5: Select this dropdown to switch between fixed lot size or auto lot size
6: If you have selected the auto lot size, then Enter your risk percentage. Or if you have selected the fixed lot, then enter your fixed lot size here.
7: Select Type of Stoploss and Takeprofit. It can be pips based or price based.
8: Enter amount of Stop loss and Take profit for the trade
9: Use these buttons to close market buy and market sell trades
10: Use Buy and Sell buttons to open market trades
11: Use these two buttons to draw lines for the position of pending orders on the chart
12: Use ‘x pending buy’ and ‘x pending sell’ buttons to delete pending trades from the chart
How it works:
- Download Forex Trade Manager MT4 from 4xPip website below button
- Install MT4 Trade Manager EA into your MetaTrader 4 platform.
- Load the EA file on the chart.
- Adjust Trade Manager settings according to your preferences.
- Set your risk percentage or lot size
- Adjust your entry type: market entry, buy stop, sell stop, buy limit, and sell limit
- Adjust your SL, TP via lines
- Open trades
- Adjust Trade Manager anywhere on the chart.
How does the MT4 Trade Manager Saves your Precious time?
The MT4 Trading Panel is a powerful tool because it contains a Built-in calculator in its interface. It manages trades of all Financial and Manual traders. Traders do not need to do lengthy mathematical calculations to adjust stop loss, Takeprofit, and risk % auto lot size. It is best for all traders from beginner to expert level because it has an easy and simple interface that lets every Forex trader use it.
For adjusting the stop loss, take profit, trade management and risk management auto lotsize, the 4xPip MT4 Trade Manager replaces the conventional lengthy steps that consume a lot of time and not sure about accurate results but 4xPip has made it possible by allowing traders to complete their desired tasks with just a few clicks and get accurate results by managing trades. Placing pending orders has become such an easy task, traders just need to draw lines on charts and adjust position of lines. It is simply the best Forex trade manager and it is available on MetaTrader 4.
Advantages of 4xPip MT4 Trade Manager:
- It is an easy-to-use, simple, and time-saving tool.
- It has a powerful mechanism to manage pending and market trades.
- It provides flexibility to adjust Stoploss, and Takeprofit in pips or price.
- 4xPip MT4 EA draws Buy lines and Sell lines to visualize and control their trading strategy on the chart.
- The traders can adjust Trade Manager anywhere on the chart.
- Traders don’t need to follow lengthy MT4 steps, within just a few clicks they can perform calculations for auto lot size.
- It helps traders to close all the trades with just one click instead of going on each trade and closing it manually.
- This 4xPip MT4 Ultimate Trade Manager helps traders to calculate risk percentage and auto lotsize.
- Traders do not need to do lengthy mathematical calculations for adjusting stop loss, Takeprofit, and risk % auto lot size.
- The trading panel sends alerts to traders whenever an opportunity comes in, an order opens, or closes.
How do you calculate risk lot size?
A lot size can be calculated by considering risk percentage, stop loss, and account balance. Additionally, there are chances of error during risk lot size calculation, and traders find it difficult to do manual calculations. However, 4xPip has made it easier via Trade Manager EA, as it has a built-in feature to calculate risk lot size. Furthermore, download Trade Manager now for an efficient and error-free trading experience.
4xPip MT4 Trade Manager is a powerful tool designed by 4xPip to assist forex traders to enhance their trading experience. Moreover, its easy-to-use interface offers traders the opportunity to trade successfully in the forex market and save quality time. Additionally, investing in this valuable EA can help save your time and maximize performance. By using this 4xPip Trade Manager, traders can manage trades and risk management effectively. Furthermore, it also saves time to set stop loss, take profit, and dynamic lot size. Furthermore, you will also be able to easily adjust pending orders on the chart.
This valuable 4xPip Trade Manager is a powerful tool that helps traders to complete tasks in just few clicks. Additionally, this 4xPip EA contains a built-in calculator that performs calculations on data given by traders in no time. Moreover, it manages the trade and saves their time. Furthermore, now it’s time to save your precious time by investing in this Trade Manager and enhancing your business experience.
- Maximum age of Pending trade (Mins): Determines the maximum duration of a pending trade before it’s cancelled automatically.
- Display Text with lines : Controls the display of text with horizontal lines on the chart.
- Alert when Pending Trade is Triggered: Enables the alert feature to notify the user when a pending trade is triggered.
- Alert when an Order Opens: Enables the alert feature to notify the user when a new order is opened.
- Alert when order is closed on TP: Enables the alert feature to notify the user when an order is closed automatically at Take Profit.
- Alert when Price hits SL: Alert feature to notify the user when the market price hits the Stop Loss (SL) level of an open position, causing it to be automatically closed by the EA.
- Desktop Alerts: Enables the alert feature to notify the user when an order is closed automatically at Stop Loss.
Q & A
Lot Size = (Risk Amount ÷ (Stop Loss x Pip Value per Standard Lot × 10))
Risk Amount = 1% of $10,000 = $100.
Pip Value per Standard Lot = $1USD/pip.
Stop loss = 200pips
Lot Size = ($100 ÷ (200pips x $1USD × 10))
Lot Size = 0.05 lot
Lot determines how much money you are investing for a trade. The standard size for a lot is 100,000 units of currency, and now, there are also mini, micro, and nano lot sizes that are 10,000, 1,000, and 100 units.
To calculate lot size in forex, you can use the following formula:
Lot Size = (Risk Amount ÷ (Stop Loss x Pip Value per Standard Lot × 10))
The Trade Manager has a built-in lot size calculator for the ease of traders so that they can calculate lot size error-freely. Download trade manager now for the efficient trading experience.
A position size calculator is a tool in Forex to calculate position of trades according to trader's need. 4xPip Trade Manager has a built-in position size calculator for the ease of traders so that they can calculate position size very easily.
4xPip Trade Manager has a risk calculator formula that aligns with the forex currency pairs. Download this trade manager and get benefit from the risk calculation utility that comes along with it.