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You have the ability to tell the EA which orders it has to manage. Option 1: Run on all open orders in the MT4 terminal. Option 2: Monitor only the currencies, on which the EA is attached. For example, all EURUSD trades. Option 3: Monitor only the orders that match with the magic numbers that you specify. For example, all trades with magic number 1. Option 4: Monitor only the orders that match with the comments that you specify. For example, all trades with comments "Strategy abc". Option 5: Monitor only a specific order using a ticket number. Option 6: Monitor only the orders that match with the trading direction that you specify. For example, all SELL orders
2. Set initial Take Profit and Stop Loss If the manual trades or the trades opened by other EAs do not have take profit or stoploss values, then you can use this feature to set them. All orders that matches your selection criteria will be modified. If stoplosses are already present in the order, then it will not be disturbed. Additional option 1: You can use the option of using ATR (Average True Range) as the initial stoploss. For example you can use the daily average range for 10 days (or H4, h3 etc) as your initial stoploss. You can also make use of a multiplier, so that you can use 1.5 or 2 times of the range as a stoploss.
3. Trail Stop All orders that matches your selection criteria will be modified to trail the profits. You can set an activation point, from which the profit trailing will start. You can also define the incremental steps that you want your stoploss to be modified. You can use profit trailing either in terms of number of pips or by dollars (or any other base currency of your broker). Additional option 1: You can use the option of starting the trail only after achieving Breakeven. In other words you use profit trailing if you want take out the defined take profit, and at the same time want to make the maximum possible profit if the market continues to move in your favor. Additional option 2: You can use the option of using ATR (Average True Range) as the trailing stoploss. For example you can keep moving your stoploss based on the daily range of the currency. This ensures that you do not get stopped out soon, and hence you can milk the entire profits. You can also make use of a multiplier, so that you can use 1.5 or 2 times of the range as a trailing stoploss.
	4. Break Even This feature is used to protect your individual trades and hence your overall account from making loss. You can set a breakeven point, let’s say 20 pips. Whenever the orders that match the selection criteria reach a profit of 20 pips, they will be modified to move the stoploss to the order open price. You can also lock in a few pips of profit if you want. This ensures that all your trades are protected from any loss, and you can continue to have a free run.
5. Hidden Stoploss and Takeprofit Sometime brokers indulge in an unethical action of stop hunting. Meaning, they look at your trades and their stops, and in case the market reaches a level near the stops, they manipulate the prices a little to make your stops hit, before the market turns around. The Hidden stop and profit levels of the EA will prevent them from doing it to you. You can set the stoploss and takeprofit levels in the EA, without setting them in the orders. The EA will continuously monitor your open trades, and will close your orders automatically when the levels are hit. You can set the levels either in terms of number of pips (example 20 pips stoploss and 30 pips takeprofit), or in terms of dollars (example 20 dollars stoploss and 30 dollars takeprofit).Additional option 1: You can also use the option of placing opposite orders when your hidden stops are hit. For example, you can specify that in case your BUY order reaches a stoploss of 30 pips, then automatically open a new SELL order of, let’s say 25% lots of the original BUY order. You can configure the levels and the percentages. Additional option 2: You have an option to show the hidden stoploss and takeprofit levels on the chart, when the EA is attached to the same chart as that of the order. This will help you visually see the levels on the chart, but the orders will not have the levels in them.
6. Partial close on Profit When the orders reach a given profit, a specified percentage of the orders are closed. For example, when a profit of 50 pips is reached, you can make the EA close 25% of the lots and let the remaining orders continue. Using this feature you can lock in a percentage of profits, if you feel there is a risk of market reversing.Additional option: You can use this option to let the EA repeat the process for every 50 pips profit till it closes all the open lots. Otherwise you can limit the percentage of lots that you want the EA to close automatically. For example you can stop the EA from closing more orders, after closing 50% of the original lots. This means if your original lotsize is 1 lot, then when your order reaches 50 pips profit, 0.25 lots will be closed. When it reaches 100 pips profit, again another 0.25 of the lots are closed. The remaining 0.5 lots are kept open till you manually close them or till a take profit level is hit.
7. Partial Close on Loss When the orders reach a given loss, a specified percentage of the orders are closed. For example, when a loss of 25 pips is reached, you can make the EA close 25% of the lots and let the remaining orders continue. Using this feature you can reduce the risk by closing a portion of your position, when your initial prediction of the market direction fails. History in your MT4 session is used in this operation to identify the orders previously closed by the EA. Additional option: You can use this feature to let the EA repeat the process for every 25 pips loss till it closes all the open lots. Otherwise you can limit the percentage of lots that you want the EA to close automatically. For example you can stop the EA from closing more orders, after closing 50% of the original lots.
8. Add New Positions on Profit When the orders reach a given profit, you can add new positions as a specified percentage of the original orders. For example, when a profit of 25 pips is reached, you can make the EA add new orders with 25% of the original lots. Using this feature you can add more to your winning positions to maximize your profit. Additional option: You can use this feature to let the EA repeat the process a given number of times without adding infinite number of orders. For example you can make the EA open a maximum of 4 such orders of 25% lots each.
9. Add New Positions on Loss When the orders reach a given loss, you can add new positions as a specified percentage of the original orders. For example, when a loss of 25 pips is reached, you can make the EA add new orders with 25% of the original lots. Using this feature you can average down your losing positions, if you feel the market will reverse definitely, and you want to maximize your profit during the reversal. Additional option: You can use this feature to let the EA repeat the process a given number of times without adding infinite number of orders. For example you can make the EA open a maximum of 4 such orders of 25% lots each.
10. Batch closing of orders on a specified target Sometimes you might have specific target in mind for a currency, and you want to close all your orders when the target is hit. For example you might want to close all your EURUSD BUY orders, when the EURUSD reaches 1.4000. Or you might close all your EURUSD SELL orders when EURUSD reaches 1.3000. Or you can combine both the options to close all EURUSD orders.
11. Basket level Take Profit (in Dollar terms) All orders that match your selection criteria will be monitored. All orders will be closed, whenever the cumulative profit reaches the specified dollar amount (or any other base currency of your broker).
12. Basket level Stop loss (in Dollar terms) All orders that match your selection criteria will be monitored. All orders will be closed, whenever the cumulative loss reaches the specified dollar amount (or any other base currency of your broker).
13. Account level Take Profit (in Percentages) All orders will be closed, whenever the cumulative profit or loss reaches the specified profit percentage (or any other base currency of your broker).
14. Account level Drawdown (in Percentages) All orders will be closed, whenever the cumulative profit or loss reaches the specified drawdown or maximum profit percentages (or any other base currency of your broker).
15. Close immediate All orders that match your selection criteria will be closed immediately. This option is useful when you have a lot of trades open. Closing one by one will take a long time, and this EA can close all of them in one shot.
16. Close at a predetermined time All orders that match your selection criteria will be closed at the specified time. This option is useful when you want to close all the open orders before a specified news release, or every day at 23 hrs and 30 minutes. The time is set based on your chart time.

The complete, comprehensive Forex Order Manager to turn your forex robot or your manual trading method into a money machine, Available today for the amazing price of $99.95 $64.95 Only...and if you're unsatisfied in ANY way, we'll give your money back, guaranteed for sixty days! It'd be irresponsible to pass this offer up!All orders processed securely using industry-standard 128-bit SSL Encryption to guarantee your privacy. Immediately after your purchase, We will be sending you an email with a link to download the materials. To Your Success,

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By The Numbers - Rankings, Stats and More

Release Date:2010-08-09
ReviewCritical.com Sales Rank: #8224
Category Rankings:

#692 in Foreign Exchange


Price:USD 54.95
Refund Period: 60 days
Vendor ID:007MONEY07

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