Summary of "🎯Easy Trade Manager Expert in MT4/5 Download - Free - [TradingFinder]"
The video presents a detailed tutorial on the Easy Trade Manager Expert Advisor (EA) available for free download on the TradingFinder website, compatible with MetaTrader 4 and MetaTrader 5 platforms. The EA is designed to simplify and automate trade management directly on the price chart, offering a range of customizable features to enhance trading efficiency and Risk Management.
Main Financial Strategies and Business Trends:
- Trade Management Automation: The EA automates opening, managing, and closing trades with one-click options, improving execution speed and reducing manual errors.
- Risk Management: Incorporates customizable stop loss (SL), take profit (TP), and risk-to-reward ratios, helping traders control losses and optimize profits.
- Virtual TP/SL Mode: Allows flexible adjustment of TP and SL in MetaTrader 5 by switching trades to virtual mode, enhancing trade management beyond server restrictions.
- Partial Close and Break-Even Features: Enables traders to close parts of positions or move stop loss to entry points to secure profits and minimize risk.
- Pending Orders Management: Simplifies placing buy/sell pending orders with automatic correction of SL and TP placement.
- Visual Trade Information: Displays trade details such as entry price, volume, profit/loss, and distance to SL/TP using color-coded boxes for quick decision-making.
- User Interface Customization: Offers light and dark modes and the ability to minimize/maximize the EA panel on the chart for convenience.
Step-by-Step Methodology / Features Overview:
- Installation and Activation:
- Download the EA from TradingFinder.
- Load the EA onto the chart via the Navigator section.
- Enable “Allow live trading” and confirm.
- Panel Management:
- Move the EA panel on the chart to preferred positions.
- Use chart tab options to close, minimize, or keep the EA active.
- Trade Execution:
- Use buy/sell buttons to open trades with notification pop-ups showing trade details.
- Enable one-click trading for instant trade execution without confirmation.
- Setting TP and SL:
- Activate/deactivate TP and SL display.
- Use virtual TP/SL mode in MT5 for adjustable take profit and stop loss.
- Pin/unpin SL and TP levels for fixed or movable stops.
- Partial Close and Break-Even:
- Enable partial close to close half or portions of trades incrementally.
- Use break-even options to move stop loss to entry point on profitable trades.
- Pending Orders:
- Set buy/sell pending orders by specifying entry, SL, and TP levels.
- Automatic correction of misplaced SL/TP.
- Pending orders active for 60 seconds unless disabled.
- Volume and Risk Settings:
- Adjust trade volume in increments of 0.01 or 0.1 lots.
- Set risk-to-reward ratio between 1:1 and 1:5.
- Choose stop loss type: pips, percentage, or dollar amount.
- Input stop loss values accordingly, with max loss limits.
- Trade Visualization:
- Show colored boxes indicating distance to SL (red) and TP (green).
- Display trade type, volume, entry price, and current profit/loss.
- Time Management:
- Display remaining time until the current candle closes for better timing decisions.
Presenters / Source:
- The tutorial is presented by the TradingFinder team, as indicated by the video and website references.
This Easy Trade Manager EA offers a comprehensive suite of tools for traders to efficiently manage trades with customizable risk parameters and enhanced visual aids, suitable for both beginner and experienced traders using MetaTrader platforms.
Category
Business and Finance