You can download the Forex School Online Trade Manager using button below If you need to know about how to download, install and use EA's correctly, then please read the lesson at How to Install and Use MT4 EA Make sure you test this EA on your demo account before using in live environment. You can download Free New York close MT4 charts to use the EA here. The Trade Manager EA sends orders much faster than a human being, which means that you can get better filling prices on your take profit orders or stop loss orders. The main advantage of using the Trade Manager EA is not just the fact that your current open positions are automatically managed, but also it gives you a speed and efficiency advantage. The Trade Manager EA was built to manage your trades and it has three main roles: This EA let’s us split our trade into multiple positions whilst at the same time moving our stop up to either protect profits or lock some in. Inside MT4 we can manually exit portions of trades, but we cannot do this with a pending order.įor example if I enter 100,000 of XYZ pair, I can manually whilst watching price move choose to exit only 50,000 of that position, but I cannot set a pending order for price to close just 50,000 at my first profit target and let the other 50,000 run into bigger profits or another profit target. It also allows us to split trades so that we can manage our positions how we want to. Obviously we cannot always be at the computer to move our trades to breakeven, move our stops to lock in profits or trail our stops and this is what the Forex School Online MT4 trade manager does. – Taking profits whilst not at the computer. – Split trades into 1,2 or 3 portions for easier manager. It is an EA I have spent quite a considerable amount of money on to have the following benefits built into it The Forex School Online Trade Manager EA is an expert advisor that can help traders who don’t have the necessary time to manage their trades and watch them every moment of the day. What is the Forex School Online Trade Manager EA
0 Comments
Leave a Reply. |