Forex Trade Manager can help you trade more effectively. Are you of the opinion that in markets where price fluctuates within a single second making placing an order ought to be as simple as is possible? When you decide to make an order you may be thinking about how big an order you need to open? What proportion from your account should you be willing to risk for this one trade? Before you decide on the amount of the trade you make the calculations necessary to find an answer of what the size of the trade will be.
Imagine having an instrument that can do everything in a way that is automated. You open a chart, create an analysis of market conditions and trace horizontal lines around the entry point for the trade, stop loss point and then take profit. At the end, you determine the risk level, e.g. in % of your available capital that you can bear in this particular transaction.
All that is left to do is to press the right button in the panel to start the trade.
If you’re a scalper who needs to open and close trades with no goals or defenses, you’ll have everything within reach within the Trade Manager panel. Here you can set specific order parameters and swiftly open them by pressing the ‘Buy’ or “Sell button.
Close or delete an order can also be done directly via your trade Manager panel which allows you to shut down everything in one click or end an order only in part..
When you use the Trade Manager to manage your daily trading, you’re always aware of the risk you’re taking and keep your trading and your account under control all the time.
Its simple and simple interfacemeans that it’ll only take a few seconds to become familiar with the application.
Features of Forex Trade Manager
PLACE MARKET ORDER
A super-simple way to place your trading orders with one click!
Adjust your % Risk per trade, Stop Loss, and Take Profit, and you are all set to place your BUY and SELL orders with one click!
ADJUST TAKE PROFIT & STOP
It only takes one click to adjust Take Profit or Stop Loss of your trade.
The software always shows how much money you get if the trade hits a Profit and how much you lose if it hits the Stop Loss.
It also shows the Risk-Reward Ratio of the trade. This re-calculates automatically as you move your TP and SL.
PLACE LIMIT ORDER & ALERT
Trade Manager makes placing Limit Orders super-simple and foolproof.
First, you adjust the Trade Entry, Take Profit, and Stop Loss.
After that, you place the Limit with one click.
There is also an icon that places an Alert. Just one click and you are all set. You can move this alert easily with your mouse.
This feature does Risk Management for you!
First, set your Risk per trade. Then no matter how you adjust your Limit Order, the Risked $ amount will remain the same.
The software automatically recalculates the trade size so you always risk the same $ amount.
This is a super-simple way how to risk the same amount of money for each trade regardless the Stop Loss pip value.
MOVE STOP LOSS TO BREAK EVEN
One click to move your Stop Loss order to Break Even.
Are you in a winning trade and want to secure it so you don’t risk anything anymore? Then simply click the BREAK EVEN button.
MOVE STOP LOSS TO REACTION POINT
One click to move your Stop Loss order to Reaction Point (turning point).
In, my trading I like securing a winning trade by moving Stop Loss to the place where the price reacted to a Support/Resistance and turned my way. This place is called the “Reaction Point”.
The Reaction Point is high or low of the reaction.
CLOSE A PART OF POSITION
Trade Manager makes closing a part of your position super-simple and fast.
Just input the amount you want to close and hit the CLOSE PARTLY button!
This feature is especially handy in situations when speed is important.
MACRO NEWS PROTECTION
SECURE LIMIT ORDERS
Protects your Limit Orders from spikes during Macro news releases.
This unique feature reads Macro news calendar and withdraws your Limit Orders just a couple of minutes before the news release.
After the Macro news release, it automatically places your Limits back again!
This way, you can set your Limit Orders, without worrying that a sudden news-related spike will take them out!