Specifications of the Expert (Trade Manager TF)
Below is a table showing the specifications and details of the Trade Manager in MetaTrader 5.
Expert Overview
The Trade Manager (Trade Manager TF) is an advanced tool for managing trades, allowing traders to set multiple take-profit levels, exit partially from trades, and set stop loss based on volume, equity percentage, or dollar amount. It is designed for traders seeking more detailed control over their trades, offering partial exits, Break Even functionality, and Trailing Stop with multiple settings to automatically move the stop loss.
Performance of the Expert in a Uptrend
In the 1-hour chart of Binance cryptocurrency, a buy trade has been executed. Traders can set stop losses, determine multiple take-profit levels, and manage open trades through the available panels.
Using the Trade Manager TF panel, they can set the break-even point (or target) to avoid potential losses in case of a price pullback.
Additionally, with the Trailing Stop, traders can protect their profits and shield themselves from sudden price corrections.
Performance of the Expert in a Downtrend
In the 30-minute Ethereum chart, the Trade Manager TF is in use. This expert allows traders to manage stop loss during a downtrend and define take-profit levels.
It also supports partial exits, specifying position size, and adjusting stop loss using points, percentages, or price.
Additionally, the Trade Manager TF is designed to be movable on the chart, and the Minimize option allows the panels to be minimized for more chart space.
Expert Settings (Trade Manager TF)
The following section details the settings for the Trade Manager TF in MetaTrader 5:
Trade Manager TF
- Time to Close: Shows the remaining time for the current candle to close;
- Spread: Displays the spread of the symbol in pips.
Trade
- Buy & Sell: Option to buy or sell instantly;
- LOT & Percent & Dollar: Select position size calculation method;
- SL & TP: Choose the calculation for stop loss and take-profit distance.
Trade Pending
- Buy & Sell Orders: Option to place pending orders;
- Information: Manage executed trades in the Trade window.
partial Exit Setting
- R/R: Set risk-to-reward levels;
- Points: Set point levels for partial exit;
- Percent: Define exit percentage per level.
TrailingStop Setting
- Reward & Point: Choose break-even based on reward-to-risk ratio or points
- Trailing Stop: Enable or disable trailing stop with 8 indicator types, including:
- Simple Trailing Stop: In this method, the stop loss moves at a fixed distance from the current price;
- MA Trailing Stop: The stop loss moves dynamically based on the Moving Average (MA) and follows the trend;
- ATR Trailing Stop: The stop loss is adjusted according to market volatility (ATR indicator) to adapt to changes in price movement;
- Fractal T Stop: The stop loss moves based on support and resistance levels formed by the Fractal indicator;
- ParabolicSAR T Stop: The stop loss follows the points of the Parabolic SAR indicator, moving forward or backward with the trend;
- High, Low Bar TS: The stop loss is set and updated based on the highest or lowest prices of recent bars;
- Bollinger Bands TS: The stop loss moves along the upper or lower bands of the Bollinger Bands indicator, adapting to market volatility;
- ZigZag T Stop: The stop loss adjusts based on reversal points identified by the ZigZag indicator.
Magic Panel
- Buy & Sell: Instant buy and sell options;
- LOT & Percent & Dollar: Select the method for stop loss size;
- Pending Orders: Place pending buy and sell orders;
- 1C: Enable/disable one-click trading;
- TS: Enable/disable trailing stop;
- BE: Enable/disable break-even;
- C 50: Exit 50% of trades;
- C ALL: Close all trades.
