Do you think that in a market where prices change instantly, it should be as simple as possible to place an order? If you want to create an order in Metatrader, you must open a window in which you must enter the opening price, stop loss and profit, and the size of the transaction. In financial market transactions, fund management is necessary to maintain and increase initial margin. So, when you want to place an order, you may want to know how big a deal should be? What percentage of the margin should you bear in this single transaction? How much can you profit from this transaction and what is the return-to-risk ratio? Before you set the transaction size, do the necessary calculations to get the answer to the question of what the transaction size should be.
Imagine that you have a tool that can do all this work automatically. You open the chart, analyze the market * * and mark the entry point, protection point (stop loss) and target (profit) * * with a horizontal line, and finally determine the risk level, for example, the percentage of available capital you can incur in this transaction, the program at this time says:
Acceptable transaction size and stop loss size for a specific risk.
Stop-loss and profit costs in points, points, and account currencies.
Risk / rate of return.
Now all that is left is to press the corresponding button on the lower panel to open the deal.
If you are a scalping trader and need to quickly open and close trades without setting protection points and targets, you can easily get everything in the transaction manager program panel. you can define fixed order parameters and click buy or sell.
Closing or deleting orders can also be done directly from the Trade Manager program panel, where you can use a button to close all content, or select specific types of pending orders, or only close profitable or loss-making transactions.
The next problem in foreign exchange trading is transaction management. You must have come across a situation where the market fluctuates violently when you leave the screen for a moment. If you are sitting in front of the computer at the moment and react fast enough, you can get more.
In this case, the best solution is to set up a robot to control trading 24 hours a day. The following functions are available in Trade Manager to manage positions:
automatic break-even this program will protect your trading from losses when the lowest profit is achieved.
Track stops-the program will provide the next portion of revenue as trading profits grow.
Partially close trades-when the price moves in the right direction and your trade reaches the next intermediate goal, the program will start to profit by closing more trades.
one cancel another order (OCO) you can set the opposite pending order transaction, for example, waiting for the price to break through consolidation. If one of them is activated, the program will automatically cancel the other transaction.
By using Trade Manager in your daily transactions, you are always aware of the risks you face, and your transactions and accounts are always under your control.
Trade Manager program intuitive and simple interface allows you to master the program in just a few minutes, if you have any questions, our technical support service is available at any time. If you want to have an advantage in the market, you must be equipped with tools.
EA Forex Trade Manager applies to a variety of symbols: currency pairs, indices, metals, commodities, cryptocurrencies, etc.
Go to China Forex Forum to download this Forex index:https://www.feixu.xyz/thread/1177