Forex Trade Manager V2.6.0.364 MT4
Introduction
Forex Trade Manager V2.6.0.364 MT4 is a powerful trading tool designed for MetaTrader 4 (MT4) users. It streamlines trade management, enhances efficiency, and reduces risk.
- Automated Stop Loss and Take Profit:
- When you open a new order, the manager automatically sets Stop Loss (SL) and Take Profit (TP) levels.
- As the price moves, the program can adjust the SL to Break Even (BE) or continuously trail it (Trailing Stop) to protect profits.
- Management of Manual Trades:
- Works with both opened manual trades (across all symbols or only the current chart’s symbol).
- Allows setting SL and TP in pips.
- Break Even Function:
- Moves the SL to BE on a chosen distance.
- Can be activated based on profit in pips.
- Trailing Stop:
- Trails the SL by a specified price difference.
- Activated based on profit in pips.
- Behavior Options:
- Stealth Mode: Hides SL/TP levels from the broker.
- OnlyCurrentPair: Manages trades from the current chart’s symbol or all pairs.
Strategy
Forex Trade Manager V2.6.0.364 MT4 combines elements of scalping and trend-following strategies. It aims to optimize trade management by automating SL and TP levels, ensuring timely adjustments, and minimizing manual intervention. The EA adapts to market conditions, making it suitable for various trading styles2.
Recommended Settings
- Deposit: 300$
- Timeframe: Suitable for various timeframes, but consider shorter timeframes for scalping and longer ones for trend-following.
- Currency Pairs: Compatible with all major currency pairs (e.g., EUR/USD, GBP/USD, USD/JPY, etc.).
Strategy Type
Forex Trade Manager V2.6.0.364 MT4 is not a martingale or hedging strategy. It focuses on efficient trade management and risk control, making it more aligned with scalping and trend-following approaches.
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✅Happy Trading✅
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