Trade Manager by 4xPip

Charlotte Flair

November 15, 2023

Traders nowadays like to save time while handling a large number of trades to get maximum profit through these trades. In this article, 4xPip is providing the readers with the details of an amazing product that can be very useful for traders for efficient trading and the trader can easily manage multiple trades at a time simultaneously. Let’s start!

You can visit the 4xPip website for trading robots and indicators for a good trading experience. Click on the link below and get your hands on these game-changers! 4xPip Website.

Manual Trading:

Manual trading refers to the traditional approach where traders execute trades based on their own analysis and market intuition, without relying on automated systems. It involves the direct involvement of human decision-making and execution, often requiring constant monitoring of market conditions and timely responses to price fluctuations. While manual trading can offer a sense of control and flexibility, it can also be time-consuming and prone to emotional biases, leading to impulsive decisions that might not always align with the best trading strategies. However, with the introduction of trade managers, manual traders can benefit from a set of tools that assist in the organization and optimization of their trading activities.

These trade managers can help traders by providing automated trade execution, risk management tools, and the ability to set predefined rules and parameters for trading. Additionally, they can offer real-time monitoring and analysis, which enables traders to make more informed decisions and reduce the impact of emotional biases, ultimately enhancing the overall efficiency and effectiveness of their trading strategies.

What is a Trade Manager?

The Forex Trade Manager represents a specialized software application tailored for Forex trading on the MetaTrader 4 and MetaTrader 5 platforms (MT4 and MT5). Its intuitive trading panel streamlines the process of placing orders, allowing users to effortlessly set the opening price, stop loss, and take profit by merely manipulating lines on the chart. Moreover, it performs vital calculations, including the distance of the stop loss and take profit in pips from the opening price, the value in the account currency, and the Risk Reward Ratio.

This tool is compatible with array of symbols, encompassing indices, CFDs, metals, futures, and cryptocurrencies, extending functionalities beyond currency-pairs. Traders, regardless of their experience levels, can leverage the Forex Trade Manager, aligning with their preferred trading strategies. Furthermore, it proves to be a valuable asset for participants engaging in the Prop Firm Challenge, aiding them in optimizing risk management and bolstering their likelihood of fulfilling the challenge’s criteria.

4xPip has designed it for both Metatrader 4 and Metatrader 5.

Get these using the links below:

MT4 Trade Manager EA

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MT5 Trade Manager EA

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Trade Manager by 4xPip:

4xPip Trade Manager stands out as exceptional EA designed to support both forex traders and those who prefer manual trading. Equipped with an intuitive interface and an efficient calculator, it streamlines the trading experience. This 4xPip Expert Advisor acts as a reliable companion for traders, empowering them to effortlessly oversee their trades. It allows them to modify volume of trades, utilizing either fixed or automated lotsize based on their risk tolerance.

This tool revolutionizes trading landscape, providing time-saving benefits with integrated calculator, assisting in computing prices for executing various trade types. It adeptly manages Buy-stop, Sell-stop, Buy-limit, and Sell-limit orders and allows traders to customize Stoploss/Takeprofit levels according to their preferences. Also, with its automated functionality, it simplifies trading process, handling trade initiation, closure, Stoploss, Takeprofit, and lotsize management efficiently.

Features of Trade Manager by 4xPip:

Risk level and lot size: The MT4/MT5 4xPip EA simplifies the process for traders to set risk levels and choose lot sizes with just a few clicks, offering the option between fixed lots or auto lots based on risk percentage.
Open Pending Trades: It enables opening of pending trades (Buy-Stop, Sell-Stop, Buy-Limit, Sell-Limit) by drawing lines on chart, allowing for easy adjustment of trade positions and precise chart-level trade openings.
Stoploss/Takeprofit: Trading panel facilitates adjustment of stoploss/takeprofit levels by allowing traders to draw lines on chart, eliminating need for manual calculations.
Delete Pending Trades: It includes features to close pending trades with one click, efficiently managing pending trades on Mt4/MT5 platforms.
Buy lines and Sell lines: Furthermore, 4xPip-designed Expert Advisor simplifies trading for traders by enabling them to draw buy and sell lines, allowing for easy trade adjustments on the chart, including modifications to stop loss and take profit levels for both market and pending trades.
Open Market Trades: 4xPip offers user-friendly interface for accurately opening buy/sell trades in market, saving time by streamlining process of adjusting stoploss, takeprofit, and conducting manual calculations.
Close all Buy/Sell Buttons: These allow traders to close all open positions with single click, closing thousands of trades efficiently.
4xPip MT4/MT5 Built-in Calculator: Moreover, it simplifies trade and risk management by performing complex calculations in few clicks, eliminating need for traders to engage in time-consuming manual calculations on MT4/MT5 platforms.
Stoploss: It allows to set stop-loss in either pips or price, providing streamlined approach for traders to set stoploss.
Takeprofit: Trading panel also facilitates setting of take profit levels in either pips or price, simplifying process for all financial and manual traders to set takeprofit efficiently and save valuable time.
Easy to use: It can be placed anywhere on chart, minimized, and moved around, offering traders flexibility in its placement.
Delete Unopened Pending Order: It deletes pending trades if they remain unexecuted after designated period, safeguarding traders from potential losses.
Confirmation Message: Trade manager prompts a confirmation message before executing sensitive operations, such as closing out trades, ensuring careful decision-making.
Alerts: Furthermore, it sends alerts to user’s desktop/email/mobiles whenever trade opens/closes, or when pending order transforms into market order.

Summary:

In this blog, 4xPip introduces invaluable assistance provided by their Trade Manager for manual/financial traders in handling multiple trades efficiently. The blog underscores trade manager’s significance in optimizing trading activities, automating processes, minimizing human error, and streamlining complex calculations.

Moreover, it delves into manual trading challenges and highlights transformative impact brought about by 4xPip Trade Manager, designed for MT4/MT5. The summary then proceeds to elucidate various features of the Trade Manager, including its simplified risk management, easy trade placement through drawing lines, streamlined stop loss and take profit adjustments, and the convenience of closing all trades with a single click.

Additionally, the blog emphasizes user-friendly nature of Trade Manager, highlighting built-in calculator and provision of alerts/messages for informed decision-making. Overall, the 4xPip Trade Manager emerges as a comprehensive solution for traders seeking efficiency and precision in their trading endeavors.

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Trade Manager by 4xPip

Charlotte Flair

November 15, 2023

You can visit the 4xPip website for trading robots and indicators for a good trading experience. Click on the link below and get your hands on these game-changers! 4xPip Website.