WaltSoft Trade Manager MT5 DEMO
- Automatically Calculate the Lot Size for a given Percent Risk and place the order with Stop Loss and Take Profit with one single click of a button.
- Drag and position your Stop Loss and Take Profit before placing the actual order.
- Can close positions with one click of a button.
- Can lock in profit of your trades with a Set Break Even function and/or a Trailing Stop Loss.
- Can work with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders.
- Simple and straightforward, no cluttering of info.
See presentation below for more info.
REMARK: this EA (partly) doesn’t work in the Strategy Tester!
But you can download this DEMO
version to give it a try before purchasing.
This demo version has limitations which are:
- Works only on EURUSD
- Works only on M5 Time frame
- only Buys Allowed
Problem
The main problem is: you want to enter a trade and you know where you want to put your Stop Loss, but you don’t want to risk more than 2% of
your account.
The problem is that you don’t know the Lot Size and you will have to calculate it.
Solution
Use the WaltSoft Trade Manager! It will do this and much more.
Settings
- Magic Number = “12345”. Enter a unique number for each chart
- Order Comment = "" (blank). Enter your order comment
- Play Sound Orders = "true". Play a sound when an position is opened
- Money Management = Choose between:
- Risk Percent of Free Margin
- Risk Percent of Balance(default)
- Risk Percent of Equity
- Money
- Lots
- MM Value = "2". The value for the above chosen method
- Example: you lose 2% of your account balance when Stop Loss gets hit - Risk Reward = “2”. You make 2 times your risk when Take Profit is reached
- Stop Loss (Pips) = “10”
- Set Break Even When Pips Profit = "10". Stop Loss will be moved to break even .....
- Break Even Plus Pips = ..... plus "1"
- Trail When Pips Profit = “20”. If price has moved at least 20 pips in profit, it will start trailing. If you hit the button at 30 pips, it will trail 30 pips
- Pending Order Distance (Pips) = “20”. You can drag this to re-position
- Expiration Time Pending Orders (Minutes) = “0” (no expiration when 0)
- * Round Turn Commission Per Lot = look this up with your broker
- * Have to Convert Commission = see remark
- Initial Kind Of Order = Market/Instantor Pending Stop Order or Pending Limit Order (radio buttons on panel)
- Lock Button Sell default = "ON"
- Lock Button Buy default = "ON"
- Break Even Button Sell default = "OFF"
- Break Even Button Buy default = "OFF"
- Trailing Button Sell default = "OFF"
- Trailing Button Buy default = "OFF"
- Font Size = “10”. Scales the whole panel up or down
- Panel Distance from Left (Pixels) = “5”
- Panel Distance from Top (Pixels) = “25”
- Adjust Panel Width (Pixels) = “0”
- Adjust Panel Height (Pixels) = “0”
- Show Panel Part Trade (Top) = "YES"
- Show Panel Part Close (Middle) = "YES"
- Show Panel Part Close All (Bottom) = "YES"
- Confirm Close All = "ON". Pop-up window asking to /confirm/i
* Remark on Commission:
Some brokers have a fixed commission in the account currency.
As an example see: https://www.icmarkets.com/en/trading-pricing/spreads
Some brokers have a commission that has to be converted to account currency and also depends on the traded pair.
As
an example see:
https://alpari.com/en/faq/trading_terms/calculating_pro_ecn_commission/
If you have an account with commission and if you are not sure what to enter in "Round Turn Commission Per Lot" and whether to set "Have to
Convert Commission" to YES or NO:
Set "Money Management" to "Lots" and enter 0.01 or 0.1 or 1 lot.
Do a trade and see what the commission is.
Do
this for a few different currency pairs.
Enter the commission (for 1 lot) on that trade in "Round Turn Commission Per Lot". (if 0.01 lot traded --> multiply by 100; if 0.1 lot
traded --> multiply by 10)
If the commission is the same for different pairs, then set "Have to Convert Commission" to "NO" otherwise set it to "YES".
本店最新上架
-
- MT4 MT5跟单EA 本地跟单远程跟单 绝不
- ¥1100.00
-
- 在MetaTrader市场购买MetaTrader 5的
- ¥3988.00
-
- 在MetaTrader市场购买MetaTrader 5的
- ¥3988.00
-
- 在MetaTrader市场购买MetaTrader 5的
- ¥3988.00
-
- 在MetaTrader市场购买MetaTrader 5的
- ¥3988.00
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