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.

Notable Quotes

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Category

Business and Finance

Video