{"id":373,"date":"2021-11-30T16:35:05","date_gmt":"2021-11-30T14:35:05","guid":{"rendered":"https:\/\/investsoft.eu\/blog\/?p=373"},"modified":"2026-01-13T19:17:18","modified_gmt":"2026-01-13T17:17:18","slug":"trade-manager-user-manual","status":"publish","type":"post","link":"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/","title":{"rendered":"Trade Manager MT5 and MT4 &#8211; user manual"},"content":{"rendered":"\n<p>The Trade Manager program is built to easily plan, place and manage orders on the Metatrader 4 and 5 platform.<br>By using the Trade Manager program you can control your risk and you don&#8217;t have to sit in front of the monitor all the time managing your opened trades because the program will do it for you.<\/p>\n\n\n\n<p>In the Trade Manager program you get:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>automatic calculation of the deal size based on the risk %<\/li>\n\n\n\n<li>calculations of stop and target values in the account currency<\/li>\n\n\n\n<li>automatic and manual partial closing of transactions<\/li>\n\n\n\n<li>automatic Break Even<\/li>\n\n\n\n<li>automatic Trailing Stop<\/li>\n<\/ul>\n\n\n\n<p>This user guide is to provide a step-by-step instruction for you to become familiar with the operation of Trade Manager to support you with an easier trade operation on Metatrader.<\/p>\n\n\n\n<div class=\"is_cta_box\">\n  <div class=\"is_cta_title\">Get Trade Manager MT4 or MT5<\/div>\n  <div class=\"is_cta_text\">\n    Visit the official Trade Manager product page and get it for yourself. Choose MT4 or MT5 and start placing trades faster with built in lot size calculator.\n  <\/div>\n  <a class=\"is_cta_btn\" href=\"https:\/\/www.investsoft.eu\/forex-trade-manager-position-size-calculator.html?utm_source=blog&#038;utm_medium=cta&#038;utm_campaign=trade_manager&#038;utm_content=universal_bottom\">\n    Visit Trade Manager Website\n  <\/a>\n<\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e25e1c7e8d9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e25e1c7e8d9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#How_to_install_and_run_the_program\" >How to install and run the program<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Program_installation\" >Program installation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Starting_the_program\" >Starting the program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Quick_Overview\" >Quick Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Title_bar\" >Title bar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Tabs\" >Tabs<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Placing_orders\" >Placing orders<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Quick_opening_of_orders_using_the_BUY_SELL_buttons_on_the_panel\" >Quick opening of orders using the BUY \/ SELL buttons on the panel<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Lot_size_calculation\" >Lot size calculation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Visually_placing_the_orders_with_the_use_of_horizontal_lines\" >Visually placing the orders with the use of horizontal lines<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Line_drawing\" >Line drawing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Setting_up_an_order_with_a_lines\" >Setting up an order with a lines<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#OpenStopTarget_block_options_on_the_panel\" >Open\/Stop\/Target block options on the panel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#The_appearance_of_the_block\" >The appearance of the block<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Order_parameters\" >Order parameters<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Virtual_Pending_Orders\" >Virtual Pending Orders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Pending_Orders\" >Trailing Pending Orders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Limit_Pullback_Orders\" >Limit Pullback Orders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Comment\" >Comment<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Automatic_correction_of_the_SL_and_TP_distance_after_placing_the_market_order\" >Automatic correction of the SL and TP distance after placing the market order<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Management_of_an_existing_order\" >Management of an existing order<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Manual_Trade_Closure\" >Manual Trade Closure<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Changing_the_Trade_Value_Unit\" >Changing the Trade Value Unit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Changing_the_Trade_Grouping_Category\" >Changing the Trade Grouping Category<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Stop_Loss_and_Take_Profit_modes\" >Stop Loss and Take Profit modes<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Stealth_mode_%E2%80%93_possibility_to_hide_stop_loss_or_take_profit\" >Stealth mode \u2013 possibility to hide stop loss or take profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Stop_Loss_or_Take_Profit_disabled\" >Stop Loss or Take Profit disabled<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Automatic_Stop_Loss_or_Take_Profit_setting_in_the_order\" >Automatic Stop Loss or Take Profit setting in the order<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Break_Even\" >Break Even<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Basic_Break_Even\" >Basic Break Even<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Multi-level_Break_Even\" >Multi-level Break Even<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Stop\" >Trailing Stop<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Basic_Trailing_Stop\" >Basic Trailing Stop<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Multi-level_Trailing_Stop\" >Multi-level Trailing Stop<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Stop_following_high_and_lows\" >Trailing Stop following high and lows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Stop_based_on_a_Moving_Average\" >Trailing Stop based on a Moving Average<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-37\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Stop_based_on_the_Parabolic_SAR_indicator\" >Trailing Stop based on the Parabolic SAR indicator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-38\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Stop_based_on_the_ATR_indicator\" >Trailing Stop based on the ATR indicator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-39\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trailing_Stop_following_the_partial_closing_levels_of_the_trade\" >Trailing Stop following the partial closing levels of the trade<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-40\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Partial_profit_and_loss_closing\" >Partial profit and loss closing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-41\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Equity_control_feature\" >Equity control feature<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-42\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Support_for_Custom_Chart_Symbols\" >Support for Custom Chart Symbols<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-43\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Unlimited_lot\" >Unlimited lot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-44\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Hotkeys\" >Hotkeys<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-45\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Trading_Alerts\" >Trading Alerts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-46\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Include_spread_in_Stop_Loss_and_Take_Profit\" >Include spread in Stop Loss and Take Profit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-47\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Settings_Templates\" >Settings Templates<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-48\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Creating_a_Settings_Template\" >Creating a Settings Template<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-49\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Loading_a_Saved_Template\" >Loading a Saved Template<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-50\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Managing_Saved_Templates\" >Managing Saved Templates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-51\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Loading_a_Default_Template_at_Program_Startup\" >Loading a Default Template at Program Startup<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-52\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Summary\" >Summary<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-53\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Program_configuration_option\" >Program configuration option<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-54\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Risk_Reward_Ratio\" >Risk Reward Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-55\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Acceptable_risk\" >Acceptable risk %<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-56\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Include_commission\" >Include commission<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-57\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Spread_Multiplier\" >Spread Multiplier<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-58\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Line_drawing_location_settings\" >Line drawing location settings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-59\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Default_lines_Stop_Loss_and_Take_Profit_distance\" >Default lines (Stop Loss and Take Profit) distance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-60\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Texts_configuration\" >Texts configuration<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-61\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#Description_of_program_parameters\" >Description of program parameters<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-62\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_TRADE_PARAMS_%E2%80%94%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- TRADE PARAMS &#8212;&#8212;&#8212;&#8212;-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-63\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_RISK_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- RISK &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-64\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINES_DISTANCE_%E2%80%94%E2%80%94%E2%80%94%E2%80%93\" >&#8212;&#8212;- LINES DISTANCE &#8212;&#8212;&#8212;&#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-65\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_PANEL_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%93\" >&#8212;&#8212;- PANEL &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-66\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINES_%E2%80%93_ORDERS_%E2%80%94%E2%80%94%E2%80%94%E2%80%93\" >&#8212;&#8212;- LINES &#8211; ORDERS &#8212;&#8212;&#8212;&#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-67\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINES_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%93\" >&#8212;&#8212;- LINES &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-68\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINES_%E2%80%93_PARTS_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%93\" >&#8212;&#8212;- LINES &#8211; PARTS &#8212;&#8212;&#8212;&#8212;&#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-69\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINE_OPEN_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- LINE OPEN &#8212;&#8212;&#8212;&#8212;&#8212;-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-70\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINE_TAKE_PROFIT_%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- LINE TAKE PROFIT &#8212;&#8212;&#8212;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-71\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_LINE_STOP_LOSS_%E2%80%94%E2%80%94%E2%80%94%E2%80%93\" >&#8212;&#8212;- LINE STOP LOSS &#8212;&#8212;&#8212;&#8211;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-72\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_PREFIX_SUFFIX_%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- PREFIX &amp; SUFFIX &#8212;&#8212;&#8212;-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-73\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_HOTKEYS_%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- HOTKEYS &#8212;&#8212;&#8212;-<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-74\" href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/#%E2%80%94%E2%80%94-_ALERTS_%E2%80%94%E2%80%94%E2%80%94\" >&#8212;&#8212;- ALERTS &#8212;&#8212;&#8212;-<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_install_and_run_the_program\"><\/span>How to install and run the program<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Program_installation\"><\/span>Program installation<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>EA Trade Manager is distributed via the mql5.com market. Below are the steps to install the Trade Manager purchased in mql5.com market.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Open the MT4 or MT5 terminal;<\/li>\n\n\n\n<li>Go to menu Tools and Select Options;<\/li>\n\n\n\n<li>In the opened window go to &#8220;Community&#8221; tab and log in to MQL5.com;<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"577\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/community_login.png\" alt=\"\" class=\"wp-image-377\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/community_login.png 750w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/community_login-300x231.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/figure>\n<\/div>\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li>Open the Purchased tab of the Market section. The list of products purchased using the specified MQL5 account will be displayed here;<\/li>\n\n\n\n<li>Select the desired product and click &#8220;Install&#8221;. The app will be downloaded to the disk and installed in the terminal folder;<\/li>\n<\/ol>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>Attention!<\/strong> A new activation is required in order to install an app on a new computer.<\/span><\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"250\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/market_purchased.png\" alt=\"\" class=\"wp-image-378\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/market_purchased.png 750w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/market_purchased-300x100.png 300w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><figcaption class=\"wp-element-caption\">Installing products in Metatrader 4<\/figcaption><\/figure>\n<\/div>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1008\" height=\"226\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/mt5_maret_my_purchases_tab.png\" alt=\"\" class=\"wp-image-778\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/mt5_maret_my_purchases_tab.png 1008w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/mt5_maret_my_purchases_tab-300x67.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/mt5_maret_my_purchases_tab-768x172.png 768w\" sizes=\"auto, (max-width: 1008px) 100vw, 1008px\" \/><figcaption class=\"wp-element-caption\">Installing products in Metatrader 5<\/figcaption><\/figure>\n\n\n\n<p>Trade Manager is automatically activated and installed to the Market folder in the Navigator of the MetaTrader terminal. A notification of successful purchase and activation is sent to your email, as well as to the MetaTrader terminal and as a private message to your MQL5 account.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Starting_the_program\"><\/span>Starting the program<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>For the correct operation of the program, you have to enable &nbsp;autotrading\/algotrading in Metatrader terminal.<\/p>\n\n\n\n<p>Turn ON AlgoTrading in a MT4\/MT5 toolbar and set it in options:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to menu Tools<\/li>\n\n\n\n<li>Select Options<\/li>\n\n\n\n<li>Go to &#8220;Expert Advisors&#8221; tab<\/li>\n\n\n\n<li><strong>Check<\/strong> option &#8220;Allow algorithmic trading&#8221; and <strong>uncheck<\/strong> 3 options &#8220;Disable algorithmic trading when&#8230;&#8221;;<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"671\" height=\"485\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/algo_trading.png\" alt=\"\" class=\"wp-image-380\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/algo_trading.png 671w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/algo_trading-300x217.png 300w\" sizes=\"auto, (max-width: 671px) 100vw, 671px\" \/><\/figure>\n<\/div>\n\n\n<p>Apply changes by clicking &#8220;OK&#8221; and restart metatrader terminal.<\/p>\n\n\n\n<p>When you are ready to start the program, go to the &#8220;Navigator&#8221; window, find the program in the Expert Advisors \\ Market section and run the program by double-clicking the left mouse button or dragging the program onto the chart.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"663\" height=\"291\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/run_program.png\" alt=\"\" class=\"wp-image-382\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/run_program.png 663w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/04\/run_program-300x132.png 300w\" sizes=\"auto, (max-width: 663px) 100vw, 663px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quick_Overview\"><\/span>Quick Overview<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>When you run the Trade Manager program, a panel will appear on the chart. It mainly consists of four parts.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"584\" height=\"665\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-4.png\" alt=\"\" class=\"wp-image-653\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-4.png 584w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-4-263x300.png 263w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\" \/><\/figure>\n<\/div>\n\n\n<p>We will look closely at all parts of the panel.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Title_bar\"><\/span>Title bar<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the title bar of the window you will find information about the current version of the program and the button for minimizing the panel and closing the program.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"631\" height=\"591\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-5.png\" alt=\"\" class=\"wp-image-655\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-5.png 631w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-5-300x281.png 300w\" sizes=\"auto, (max-width: 631px) 100vw, 631px\" \/><\/figure>\n<\/div>\n\n\n<p>After minimizing, the panel is visible only as a square with the program logo. Just click on the logo to maximize the panel.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"651\" height=\"87\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/close_button.png\" alt=\"\" class=\"wp-image-405\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/close_button.png 651w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/close_button-300x40.png 300w\" sizes=\"auto, (max-width: 651px) 100vw, 651px\" \/><\/figure>\n<\/div>\n\n\n<p>The X button exits the program and removes EA Trade Manager from the chart.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tabs\"><\/span>Tabs<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>There are 4 tabs on the left side of the panel:<\/p>\n\n\n\n<p class=\"has-text-align-left\"><img loading=\"lazy\" decoding=\"async\" width=\"27\" height=\"30\" class=\"wp-image-406\" style=\"width: 27px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/tab_main.png\" alt=\"\"> Placing orders<\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"27\" height=\"30\" class=\"wp-image-407\" style=\"width: 27px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/tab_manage.png\" alt=\"\"> Manual managing orders and partial profit\/loss closing<\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"27\" height=\"30\" class=\"wp-image-409\" style=\"width: 27px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/tab_ts_be.png\" alt=\"\"> Break Even and Trailing stop<\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"27\" height=\"30\" class=\"wp-image-408\" style=\"width: 27px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/07\/tab_cfg.png\" alt=\"\"> Configuration<\/p>\n\n\n\n<p>You can click these tabs to switch between the main functions of Trade Manager EA.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Placing_orders\"><\/span>Placing orders<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"550\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-6.png\" alt=\"\" class=\"wp-image-656\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-6.png 1024w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-6-300x161.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-6-768x413.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>In the Trade Manager, you can place market orders and pending orders. Orders can be placed in two ways:<br>1. fast opening of market orders (especially useful for scalping) with the BUY and SELL buttons on the panel<br>2. visual order planning by drawing horizontal lines on the chart indicating the level of opening, stop and target.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Quick_opening_of_orders_using_the_BUY_SELL_buttons_on_the_panel\"><\/span>Quick opening of orders using the BUY \/ SELL buttons on the panel<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>At the beginning, in the panel, we see two buttons BUY and SELL, which we can quickly place a market order on the market.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"51\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-7.png\" alt=\"\" class=\"wp-image-657\"\/><\/figure>\n<\/div>\n\n\n<p>However, before you can press the button to open a market order, you need to set some options.<br>First, set the Stop Loss and Take Profit levels under the BUY \/ SELL buttons.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"83\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/image-8.png\" alt=\"\" class=\"wp-image-658\"\/><\/figure>\n<\/div>\n\n\n<p>By default, we set SL and TP in pips as the distance from the opening price, but it is also possible to set SL and TP as the price. <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"33\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/08\/sl_tp_price.png\" alt=\"\" class=\"wp-image-414\"\/><\/figure>\n<\/div>\n\n\n<p>Just click the button that says &#8220;Pips&#8221; to switch to the price levels. Then, the word &#8220;Price&#8221; will appear on the button. Clicking the button again (this time saying &#8220;Price&#8221;) will switch back to the pip value.<\/p>\n\n\n\n<p>It is also possible to configure the default Stop Loss and Take profit values, which is described in detail in the <a href=\"#default-lines-distance\" data-type=\"internal\" data-id=\"#default-lines-distance\">&#8220;Program configuration option&#8221;<\/a> section.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"lot-calculation\"><span class=\"ez-toc-section\" id=\"Lot_size_calculation\"><\/span>Lot size calculation<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Another important element is determining the size of the transaction. You can either determine the size of the transaction yourself or define the risk level for a given transaction and the program will calculate the lot size.<\/p>\n\n\n\n<p><br>If you set the size of the transaction yourself, the program, based on the entered value and the stop loss distance, will determine in the next field what is the risk percentage for the planned transaction (it is the balance percentage).<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"228\" height=\"140\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/determine_lot.png\" alt=\"\" class=\"wp-image-417\"\/><\/figure>\n<\/div>\n\n\n<p><br>On the &#8220;Configuration&#8221; tab, you can define the acceptable risk level. If you exceed an acceptable level of risk, the numbers in the risk field will turn red.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"138\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/allowed_risk.png\" alt=\"\" class=\"wp-image-418\"\/><\/figure>\n<\/div>\n\n\n<p><br>The colors of the accepted \/ unaccepted risk can also be defined in the program settings window (press F7) in the &#8220;<strong>&#8212; RISK &#8212;<\/strong>&#8221; section in the parameters:<br>&#8211; <strong>Acceptable Risk Color<\/strong><br>&#8211; <strong>Unacceptable Risk Color<\/strong>.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"387\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_percent_colors.png\" alt=\"\" class=\"wp-image-419\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_percent_colors.png 602w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_percent_colors-300x193.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"84\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_color.png\" alt=\"\" class=\"wp-image-420\"\/><\/figure>\n<\/div>\n\n\n<p>In the case of automatic lot size calculation, we have 3 options:<br>&#8211; <strong>Cash Amount <\/strong>&#8211; with this option, you can define fixed value of stop loss in the account currency, and the Trade Manager will be automatically calculating lot size when you will be changing stop loss distance by moving lines on chart or just define its value in the SL field on the panel.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"135\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_cash.png\" alt=\"\" class=\"wp-image-423\"\/><\/figure>\n<\/div>\n\n\n<p><br>&#8211;<strong> Risk Balance<\/strong> &#8211; with this type, you can define in the field &#8220;Risk&#8221; max allowed risk% per trade and program calculate lot size based on stop loss distance and% of account balance. Next to the &#8220;Risk Balance&#8221; option, the calculated risk value in the account currency will be displayed.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"135\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_balance.png\" alt=\"\" class=\"wp-image-424\"\/><\/figure>\n<\/div>\n\n\n<p><br>&#8211; <strong>Risk Equity<\/strong> &#8211; this method works the same way as &#8220;Risk Balance&#8221;, with the difference that the percentage size of the loss depends on account equity. Next to &#8220;Risk Equity&#8221;, the calculated risk value in the currency of the account will be displayed.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"135\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/risk_equity.png\" alt=\"\" class=\"wp-image-425\"\/><\/figure>\n<\/div>\n\n\n<p>For the calculation of risk, we take into account the Balance or Equity of the account, i.e. we define the risk, e.g. 2%, then we risk only 2% per transaction from the Balance \/ Equity of the account. For example, if we have Balance = $ 48000, then 2% of $ 48000 = $ 960 so the SL value cannot exceed $ 960.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"712\" height=\"584\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/quick_order_placement.gif\" alt=\"EA Forex Trade Manager - quick orders placement\" class=\"wp-image-429\"\/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visually_placing_the_orders_with_the_use_of_horizontal_lines\"><\/span>Visually placing the orders with the use of horizontal lines<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Another way to place orders is to visually plan entry and exit points (stop and target) on the chart. This is especially convenient when we have designated potential market turning points and want to set a target and defense for the order in this area. We do not have to enter exact values then, but simply move the horizontal lines to the previously designated places.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"line-drawing\"><span class=\"ez-toc-section\" id=\"Line_drawing\"><\/span>Line drawing<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>To draw lines on the chart, in the first step, click the pencil button on the panel in the upper left corner. When the button is &#8220;highlighted&#8221; then the line drawing mode is active and now you can click anywhere on the chart.<br>The program will draw a block with open, stop and target lines on the chart. The opening price level will be where we clicked on the chart.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"712\" height=\"584\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/draw_lines.gif\" alt=\"\" class=\"wp-image-432\"\/><\/figure>\n<\/div>\n\n\n<p>Then adjust the order opening level (in the case of a pending order) as well as stop loss and take profit. These levels are set by simply clicking on the bar with the text and dragging it up or down.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Setting_up_an_order_with_a_lines\"><\/span>Setting up an order with a lines<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The entire block can be freely moved in the chart area. Just click on the opening price bar and move in any direction.<br>Similarly, click and move to the stop or target bar to set the desired target and stop levels.<br>You can also widening and narrowing the entire block by clicking and moving the mouse at the right or left edge of the block.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"404\" height=\"409\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/expand.png\" alt=\"\" class=\"wp-image-434\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/expand.png 404w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/expand-296x300.png 296w\" sizes=\"auto, (max-width: 404px) 100vw, 404px\" \/><\/figure>\n<\/div>\n\n\n<p>There are buttons on the bars:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Reverse Button<\/strong> <figure><img loading=\"lazy\" decoding=\"async\" width=\"21\" height=\"19\" class=\"wp-image-435\" style=\"width: 21px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/reverse_btn.png\" alt=\"\"><\/figure> &#8211; a button for quickly switching between the long and short positions<\/li>\n\n\n\n<li><strong>Pin <\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"19\" height=\"20\" class=\"wp-image-436\" style=\"width: 19px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/pinned_btn.png\" alt=\"\"><\/figure><strong>\/ Unpin <\/strong><figure><img loading=\"lazy\" decoding=\"async\" width=\"21\" height=\"20\" class=\"wp-image-437\" style=\"width: 21px;\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/unpinned_btn.png\" alt=\"\"><\/figure><strong> Button<\/strong> &#8211; pinning or unpinning the stop or target level.<\/li>\n<\/ul>\n\n\n\n<p><strong>Attention! Note here that the two states of pinning SL and TP are here.<\/strong><\/p>\n\n\n\n<p>With a<strong> single click<\/strong> on the pin button, we pin the SL or TP level so that when changing the opening level, SL and TP are stay the same, but <strong>we can drag these levels<\/strong> with the mouse<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/05\/pin_single_click.gif\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>When <strong>double-clicking <\/strong>on the pin button, a red dot appears on the pin and makes it<strong> impossible to change this level <\/strong>even by clicking and dragging with the mouse.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/05\/pin_double_click.gif\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>To set the exact opening price (the open bar\/line level), you should call a special price edit window. To do this, hold down the <strong>CTRL key and click on the opening price bar<\/strong>.<br>In the window that opens, enter the correct price and confirm the changes by clicking the &#8220;OK&#8221; button.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"904\" height=\"574\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/dialog_box_open_price.png\" alt=\"\" class=\"wp-image-438\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/dialog_box_open_price.png 904w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/dialog_box_open_price-300x190.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/09\/dialog_box_open_price-768x488.png 768w\" sizes=\"auto, (max-width: 904px) 100vw, 904px\" \/><\/figure>\n<\/div>\n\n\n<p>When you draw lines on the chart, the default direction is BUY. <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"849\" height=\"669\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_buy.png\" alt=\"\" class=\"wp-image-454\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_buy.png 849w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_buy-300x236.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_buy-768x605.png 768w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\" \/><\/figure>\n<\/div>\n\n\n<p>However, when you drag the Stop Loss level above the opening price, then the direction of the order changes to SELL. The buttons on the panel also change.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"668\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/dragging_stop_loss.png\" alt=\"\" class=\"wp-image-455\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/dragging_stop_loss.png 848w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/dragging_stop_loss-300x236.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/dragging_stop_loss-768x605.png 768w\" sizes=\"auto, (max-width: 848px) 100vw, 848px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"849\" height=\"670\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_sell.png\" alt=\"\" class=\"wp-image-456\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_sell.png 849w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_sell-300x237.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_sell-768x606.png 768w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\" \/><\/figure>\n<\/div>\n\n\n<p>If you have previously selected the automatic lot calculation then the program calculates the transaction size on an ongoing basis based on the specified risk and Stop Loss size when you are changing the Stop Loss position. A detailed description of the lot calculation types can be found <a href=\"#lot-calculation\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"380\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/pending_with_lines2.gif\" alt=\"\" class=\"wp-image-484\"\/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"380\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/market_with_lines2.gif\" alt=\"\" class=\"wp-image-485\"\/><\/figure>\n<\/div>\n\n\n<p>The appearance of the open \/ stop \/ target block, such as colors, transparency, font size or bar size, can be defined in the parameters described <a href=\"http:\/\/settings-lines\" data-type=\"URL\" data-id=\"settings-lines\">here<\/a>.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"OpenStopTarget_block_options_on_the_panel\"><\/span>Open\/Stop\/Target block options on the panel<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In the upper part of the panel, we have round buttons through which we can draw an open \/ stop \/ target block and we can set the block&#8217;s operation when we plan to open an order.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"150\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/round_buttons.png\" alt=\"\" class=\"wp-image-458\"\/><\/figure>\n<\/div>\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"#line-draw-clear-button\">Line draw or clear button<\/a><\/li>\n\n\n\n<li><a href=\"#button-autoadjust\">Button to auto-adjust the line to the current price<\/a><\/li>\n\n\n\n<li><a href=\"#freeze-sl-tp\">SL and TP freeze button<\/a><\/li>\n\n\n\n<li><a href=\"#fixed-rr\">Fixed Risk Reward Ratio<\/a><\/li>\n\n\n\n<li><a href=\"#oco-option\">OCO (One Cancels the Other)<\/a><\/li>\n<\/ol>\n\n\n\n<p id=\"line-draw-clear-button\"><strong>1. Line draw or clear button<\/strong><\/p>\n\n\n\n<p>When you want to draw open \/ stop \/ target lines on the chart, then you need to click the pencil button to activate the drawing. <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_draw.png\" alt=\"\" class=\"wp-image-459\"\/><\/figure>\n<\/div>\n\n\n<p>When the button is highlighted (lighter color) now you have to click anywhere on the chart to draw the lines (the block opening price level is located at the click level on the chart).<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_draw_active.png\" alt=\"\" class=\"wp-image-460\"\/><\/figure>\n<\/div>\n\n\n<p><br>After you successfully draw a line on the chart, the pencil button changes to an eraser button that you can use to remove lines from the chart.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_clear.png\" alt=\"\" class=\"wp-image-461\"\/><\/figure>\n<\/div>\n\n\n<p><br>The entire process of drawing lines in the chart is shown <a href=\"#line-drawing\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p id=\"button-autoadjust\"><strong>2. Button to auto-adjust the line to the current price<\/strong><\/p>\n\n\n\n<p>When you activate the &#8220;auto-adjust&#8221; button then the entire block is moved to the current price and with each new tick the block will follow the current price. <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_autoadjust.png\" alt=\"\" class=\"wp-image-462\"\/><\/figure>\n<\/div>\n\n\n<p>If the block is in the BUY direction, then the opening level is &#8220;sticked&#8221; to the Ask price, while for a planned SELL order the block will &#8220;follow&#8221; the Bid price.<br>If this option is activated, then the block can only be moved horizontally with a mouse.<br>This is a particularly useful option when you plan to open a market order right away. For a pending order, it is best to keep turned OFF the &#8220;autoadjust&#8221; function so that you can freely adjust the level of the opening price.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"668\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/autoadjust.gif\" alt=\"\" class=\"wp-image-467\"\/><\/figure>\n\n\n\n<p id=\"freeze-sl-tp\"><strong>3. SL and TP freeze button<\/strong><\/p>\n\n\n\n<p>This option determines the behavior of the Stop Loss and Take Profit lines.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_freeze_sl_tp.png\" alt=\"\" class=\"wp-image-463\"\/><\/figure>\n<\/div>\n\n\n<p><br>When you activate the &#8220;Freeze SL and TP&#8221; option, the pins on the SL and TP lines are activated and both Stop Loss and Take Profit keep their level constant if the level of the opening line changes. This is important when you want to set a constant profit or loss exit level on the chart and then adjust the entry point or open a market order at the current price.<br>If this function is inactive (pins are deactived on the SL and TP bars), then the stop loss and take profit distance is kept constant and by changing the opening price we move the entire block including SL and TP.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"668\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/freeze_SL_TP.gif\" alt=\"\" class=\"wp-image-469\"\/><\/figure>\n<\/div>\n\n\n<p id=\"fixed-rr\"><strong>4. Fixed Risk Reward Ratio<\/strong><\/p>\n\n\n\n<p>By activating this option, the program maintains a constant risk-to-risk ratio, which in practice means that by dragging SL the program automatically increases or decreases the TP distance. Likewise, if we drag TP, the program adjusts the SL distance.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_rr.png\" alt=\"\" class=\"wp-image-464\"\/><\/figure>\n<\/div>\n\n\n<p><br>The size of the RR ratio is defined in the panel on the configuration tab in the &#8220;Risk Reward Ratio&#8221; field.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"475\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/rrr_config.png\" alt=\"\" class=\"wp-image-465\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/rrr_config.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/rrr_config-164x300.png 164w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"668\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/button_rr.gif\" alt=\"\" class=\"wp-image-471\"\/><\/figure>\n<\/div>\n\n\n<p id=\"oco-option\"><strong>5. OCO (One Cancels the Other)<\/strong><\/p>\n\n\n\n<p>This option does not apply to the operation of the line, but directly affects the behaviour&nbsp;of pending orders that have already been placed.<\/p>\n\n\n\n<p>A one-cancels-the-other order (OCO) is a pair of conditional orders assuming that if one order executes, then the other order is automatically cancelled.<\/p>\n\n\n\n<p>After activating the OCO function, the Trade Manager \u201cremembers\u201d all pending orders and when one of them is activated, the rest are deleted.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"223\" height=\"43\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_oco.png\" alt=\"\" class=\"wp-image-466\"\/><\/figure>\n<\/div>\n\n\n<p><strong>WARNING!<\/strong>&nbsp;Removing one of the orders does not cancel the other ones, but only activating the pending order will do it.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_appearance_of_the_block\"><\/span>The appearance of the block<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The open \/ stop \/ target block appearance is fully customizable via parameters in the Trade Manager settings window. You can set such elements as the background color of the open, stop or target bar (each separately), the background color between the bars, background and text transparency, as well as font family, size and color, and even text transparency. Below is a short presentation of the possibilities of changing the block appearance settings:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/appearance_lines.gif\" alt=\"\" class=\"wp-image-473\"\/><\/figure>\n<\/div>\n\n\n<p>A detailed description of the parameters can be found <a href=\"#settings-lines\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p>The texts to be displayed next to the lines can be defined in the program configuration tab. For this you need to use special tags that define individual data. You can define texts for the bar at the opening price, for stop loss and for take profit, and separately for a planned order, a market order and a pending order. More information about the configuration of the texts on the bars can be found <a href=\"#config-texts\">here<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Order_parameters\"><\/span>Order parameters<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Virtual_Pending_Orders\"><\/span>Virtual Pending Orders<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Virtual pending orders are orders that are not sent to the broker and are kept in the program\u2019s memory.<\/p>\n\n\n\n<p>When the current price reaches the opening price of the virtual pending order, it is activated, i.e. the program sends a request to open a market transaction.<br><strong><span class=\"has-inline-color has-vivid-red-color\">ATTENTION! For orders to be activated, the TRADE MANAGER MUST BE RUNNING.<\/span><\/strong><\/p>\n\n\n\n<p>To place a virtual pending order, expand the section with order parameters in the main panel<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"363\" height=\"486\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/order-parameters-section.png\" alt=\"\" class=\"wp-image-676\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/order-parameters-section.png 363w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/order-parameters-section-224x300.png 224w\" sizes=\"auto, (max-width: 363px) 100vw, 363px\" \/><\/figure>\n<\/div>\n\n\n<p>and select the &#8220;Virtual Pending Order&#8221; checkbox, <\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"334\" height=\"547\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/chb-virtual-pending-order.png\" alt=\"\" class=\"wp-image-677\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/chb-virtual-pending-order.png 334w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/chb-virtual-pending-order-183x300.png 183w\" sizes=\"auto, (max-width: 334px) 100vw, 334px\" \/><\/figure>\n<\/div>\n\n\n<p>then draw the Open\/Stop\/Target lines on the chart, set the appropriate levels and click the Pending Buy or Pending Sell button.<\/p>\n\n\n\n<p>The program on the chart marks the place where the order is to be activated with a horizontal line, and after clicking on the information bar at the opening price, you can check the SL and TP levels and modify them. You can also change the opening price by dragging the line on the chart. Trade Manager treats a virtual pending order the same as a regular pending order, only it is not visible in the list of pending orders in the metatrader.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"978\" height=\"799\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/hidden-pending-order.png\" alt=\"\" class=\"wp-image-678\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/hidden-pending-order.png 978w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/hidden-pending-order-300x245.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/hidden-pending-order-768x627.png 768w\" sizes=\"auto, (max-width: 978px) 100vw, 978px\" \/><\/figure>\n<\/div>\n\n\n<p>After placing a virtual order, you can change its settings in the order panel by clicking the gear icon. Then in the &#8220;Order Parameters&#8221; section, just uncheck the &#8220;Virtual Pending Order&#8221; checkbox,<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"679\" height=\"454\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/vpo_checkbox.png\" alt=\"\" class=\"wp-image-679\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/vpo_checkbox.png 679w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/vpo_checkbox-300x201.png 300w\" sizes=\"auto, (max-width: 679px) 100vw, 679px\" \/><\/figure>\n<\/div>\n\n\n<p><br>confirm the change<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"444\" height=\"172\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/confirm_vpo.png\" alt=\"\" class=\"wp-image-680\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/confirm_vpo.png 444w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/confirm_vpo-300x116.png 300w\" sizes=\"auto, (max-width: 444px) 100vw, 444px\" \/><\/figure>\n<\/div>\n\n\n<p><br>so that the pending order appears at the broker and is visible in the list of pending orders in the metatrader.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"959\" height=\"794\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/visible_pending_order.png\" alt=\"\" class=\"wp-image-681\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/visible_pending_order.png 959w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/visible_pending_order-300x248.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/visible_pending_order-768x636.png 768w\" sizes=\"auto, (max-width: 959px) 100vw, 959px\" \/><\/figure>\n\n\n\n<p>Checking the checkbox again will transform the pending order back into a virtual one.<\/p>\n\n\n\n<p>When the &#8220;Order Parameters&#8221; section is collapsed and the Virtual Pending Orders option is active, it is indicated on the panel by the &#8220;VPO&#8221; symbol.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"593\" height=\"382\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/vpo_symbol.png\" alt=\"\" class=\"wp-image-682\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/vpo_symbol.png 593w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/vpo_symbol-300x193.png 300w\" sizes=\"auto, (max-width: 593px) 100vw, 593px\" \/><\/figure>\n<\/div>\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Pending_Orders\"><\/span>Trailing Pending Orders<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Sometimes we want to open a trade in the direction of the main trend but we want to execute it when the price does a pullback so we place a limit order. Or in another case, we want to open an order in the direction of the market but after the pullback ends when the price returns to the trend, so we place a stop order. However, in order not to miss the moment when the price turns around and get the best entry price, it would be good if our order followed the price. That&#8217;s why we&#8217;ve introduced the &#8220;Trailing Pending Order&#8221; feature in Trade Manager.<\/p>\n\n\n\n<p>This feature can be enabled in the &#8220;Order Parameters&#8221; section by checking the &#8220;Trailing&#8221; checkbox.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"373\" height=\"536\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po.png\" alt=\"\" class=\"wp-image-683\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po.png 373w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po-209x300.png 209w\" sizes=\"auto, (max-width: 373px) 100vw, 373px\" \/><\/figure>\n<\/div>\n\n\n<p>In the text box next to it, we specify the distance in pips that should be maintained between the opening level of the pending order and the current price.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"632\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_distance.png\" alt=\"\" class=\"wp-image-684\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_distance.png 960w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_distance-300x198.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_distance-768x506.png 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n<\/div>\n\n\n<p>Trailing Pending Orders for an existing order can be modified in the order settings window after clicking the gear icon.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"610\" height=\"434\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_mod.png\" alt=\"\" class=\"wp-image-685\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_mod.png 610w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_po_mod-300x213.png 300w\" sizes=\"auto, (max-width: 610px) 100vw, 610px\" \/><\/figure>\n<\/div>\n\n\n<p>When the &#8220;Orders Parameters&#8221; section is collapsed, the active Trailing Pending Order feature is marked with the TPO symbol<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"389\" height=\"375\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_tpo.png\" alt=\"\" class=\"wp-image-686\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_tpo.png 389w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/trailing_tpo-300x289.png 300w\" sizes=\"auto, (max-width: 389px) 100vw, 389px\" \/><\/figure>\n<\/div>\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Limit_Pullback_Orders\"><\/span>Limit Pullback Orders<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Price moving in a trend often makes pullbacks, which are a good opportunity to join the existing trend at a more favorable price. Expecting the market to make a pullback, it is best to set a pending order with a price limit, but the difficulty here is that we do not know how deep the pullback will be. If we set the limit order too far and the price makes only a shallow pullback, our limit order will not be executed and the price will go further in the designated direction and we will miss a good opportunity to earn. On the other hand, if we set a limit order too close to the current price, we must either set a large stop loss or we risk hitting an SL before the price completes its pullback and reaches our expected target.<\/p>\n\n\n\n<p>The solution here is the Limit Pullback Order (LPO). It works in such a way that when a limit order is to be activated, it is changed into a stop order and set from the current price at a distance set in the LPO distance parameter. If the price continues the pullback, the stop order follows the price keeping the LPO distance constant and when the pullback is completed and the price returns to the current trend, it will activate your stop order and you will get a much better opening price for your trade.<\/p>\n\n\n\n<p>To activate LPO, expand the &#8220;Order Parameters&#8221; section in the main panel and check the LPO checkbox.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"517\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO.png\" alt=\"\" class=\"wp-image-666\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-151x300.png 151w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span class=\"has-inline-color has-vivid-red-color\">ATTENTION! Limit Pullback Orders works only for virtual pending orders, so to enable LPO you must first check the Virtual Pending Orders checkbox.<\/span><\/strong><\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-red-color\">ATTENTION! Virtual Pending Orders and LPOs require the TRADE MANAGER KEEP RUNNING. When the program is turned off, the order cannot be activated and it can lead to losses on your account. You use this feature at your own risk.<\/span><\/strong><\/p>\n\n\n\n<p>In the text box next to the LPO, specify the distance that the pending stop order should keep to the current price.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"517\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-distance.png\" alt=\"\" class=\"wp-image-667\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-distance.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-distance-151x300.png 151w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n\n<p>When you activate the LPO function then place a limit order<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"640\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work1.png\" alt=\"\" class=\"wp-image-668\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work1.png 903w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work1-300x213.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work1-768x544.png 768w\" sizes=\"auto, (max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<p>When the price reaches the activation level of the limit order&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"640\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work2.png\" alt=\"\" class=\"wp-image-669\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work2.png 903w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work2-300x213.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work2-768x544.png 768w\" sizes=\"auto, (max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<p>&#8230; the limit order is changed to a stop order at the distance defined in the text box at LPO<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"640\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work3.png\" alt=\"\" class=\"wp-image-670\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work3.png 903w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work3-300x213.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO_work3-768x544.png 768w\" sizes=\"auto, (max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<p>As long as the price continues to go down, the stop order follows it. When it turns up, the stop order will be activated.<\/p>\n\n\n\n<p>For an active LPO order, you can change the parameters in the order parameters dialog after clicking the gear on the order information panel.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"358\" height=\"467\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-existing-order.png\" alt=\"\" class=\"wp-image-672\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-existing-order.png 358w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/04\/LPO-existing-order-230x300.png 230w\" sizes=\"auto, (max-width: 358px) 100vw, 358px\" \/><\/figure>\n<\/div>\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comment\"><\/span>Comment<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"516\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/06\/image.png\" alt=\"\" class=\"wp-image-707\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/06\/image.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/06\/image-151x300.png 151w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n\n<p>In the &#8220;Comment&#8221; field, you can enter any text that will be used to mark the order you place via Trade Manager.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"correction_sl_tp\"><span class=\"ez-toc-section\" id=\"Automatic_correction_of_the_SL_and_TP_distance_after_placing_the_market_order\"><\/span>Automatic correction of the SL and TP distance after placing the market order<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Every trader encounters the slippage effect in their daily trading. It is especially troublesome when we use short SL and TP in ours, then the slippage of even a few tenths of a pip disturbs our initial assumptions and most often causes the extension of the SL and the shortening of the TP.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"957\" height=\"631\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect.png\" alt=\"\" class=\"wp-image-687\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect.png 957w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect-300x198.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect-768x506.png 768w\" sizes=\"auto, (max-width: 957px) 100vw, 957px\" \/><\/figure>\n<\/div>\n\n\n<p>That is why in Trade Manager we introduced the SL and TP adjustment mechanism for market orders. After successfully submitting a market order, the program immediately checks the SL and TP distances and if they are different from the originally assumed ones, the program modifies the order to obtain the expected SL and TP distances.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"957\" height=\"632\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect_corrected.png\" alt=\"\" class=\"wp-image-688\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect_corrected.png 957w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect_corrected-300x198.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/slippage_effect_corrected-768x507.png 768w\" sizes=\"auto, (max-width: 957px) 100vw, 957px\" \/><\/figure>\n\n\n\n<p>This function only works when you define SL and TP as distance in pips. Doesn&#8217;t work when specifying SL and TP as price.<\/p>\n\n\n\n<p>The SL and TP correction function is enabled by default, but can be disabled in the settings window in the &#8220;Correct SL\/TP distance&#8221; parameter.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"470\" height=\"246\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/correct_sl_tp_param.png\" alt=\"\" class=\"wp-image-689\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/correct_sl_tp_param.png 470w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/05\/correct_sl_tp_param-300x157.png 300w\" sizes=\"auto, (max-width: 470px) 100vw, 470px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Management_of_an_existing_order\"><\/span>Management of an existing order<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After opening the order, the program assigns an information bar to the opening line, which displays basic information about the order, e.g. lot size, transaction type, or the current transaction profit.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"866\" height=\"560\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_collapsed.png\" alt=\"\" class=\"wp-image-487\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_collapsed.png 866w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_collapsed-300x194.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_collapsed-768x497.png 768w\" sizes=\"auto, (max-width: 866px) 100vw, 866px\" \/><\/figure>\n<\/div>\n\n\n<p>The bar can be freely moved along the line of the order opening price, but after clicking on the bar, it is expanded and shows the bars at Stop Loss and Take Profit.<\/p>\n\n\n\n<p>When the block is expanded, we can modify the order by clicking and dragging vertically the Stop Loss or Take Profit bar, and in the case of a pending order, even the opening price.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"866\" height=\"559\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_expanded.png\" alt=\"\" class=\"wp-image-488\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_expanded.png 866w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_expanded-300x194.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/bars_expanded-768x496.png 768w\" sizes=\"auto, (max-width: 866px) 100vw, 866px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Attention!<\/strong> For a pending order, the pins work the same as for a planned order, i.e. we can freeze SL or TP or both at the current levels and change the position of the opening price only.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Trade Manager - information bars for open orders\" width=\"810\" height=\"456\" src=\"https:\/\/www.youtube.com\/embed\/FIbtv9PDz_U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>The texts on the bars can be freely defined in the program configuration tab. Separate texts can be defined for a planned order, for a market order and for a pending order. A detailed description of the text configuration can be found <a href=\"#config-texts\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p>Each info bar has a gear icon.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"305\" height=\"243\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/gear_icon.png\" alt=\"\" class=\"wp-image-489\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/gear_icon.png 305w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/gear_icon-300x239.png 300w\" sizes=\"auto, (max-width: 305px) 100vw, 305px\" \/><\/figure>\n<\/div>\n\n\n<p>When you click it, a new panel opens where you can manage the selected transaction.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"660\" height=\"750\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_panel.png\" alt=\"\" class=\"wp-image-490\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_panel.png 660w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/order_panel-264x300.png 264w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/figure>\n<\/div>\n\n\n<ol id=\"block-5dfdbd5c-d1fa-4f49-8239-9ac9ebed3251\" class=\"wp-block-list\">\n<li>The header of the window with the ticket, symbol, type and size of the transaction.<\/li>\n\n\n\n<li>Open order price. In the case of a pending order, you can enter a new value here to modify the order.<\/li>\n\n\n\n<li>Stop Loss. Enter a new value to modify the Stop Loss.<\/li>\n\n\n\n<li>Take Profit. Enter a new value here to modify Take Profit.<\/li>\n\n\n\n<li>Pips \/ Price button &#8211; changes displayed SL and TP values. These values \u200b\u200bcan be given in pips (Pips) or as price levels (Price).<\/li>\n\n\n\n<li>Delete \/ Close &#8211; delete or close the order.<\/li>\n\n\n\n<li>Close the part of the order.<\/li>\n\n\n\n<li>Specify the part of the order to be closed.<\/li>\n\n\n\n<li>Specify the unit of the order part to be closed as a lot or a% value of the current trade size.<\/li>\n\n\n\n<li>Reverse &#8211; close \/ delete current order and open opposite.<\/li>\n\n\n\n<li>Move SL to BE &#8211; move SL to BE.<\/li>\n\n\n\n<li>Break Even offset &#8211; here specify the offset from the opening price after moving Stop to Break Even.<\/li>\n\n\n\n<li>Break Even offset unit &#8211; offset unit for the stop from the opening price (pip or percentage of distance to TP)<\/li>\n\n\n\n<li>Automatic Break Even section.<\/li>\n\n\n\n<li>Trailing Stop section.<\/li>\n\n\n\n<li>Section for partial closing of the deal. A detailed description of the parameters can be found<a href=\"#partial-closing\" target=\"_blank\" rel=\"noreferrer noopener\"> here<\/a>.<\/li>\n\n\n\n<li>Background color of the information bar.<\/li>\n\n\n\n<li>Font color on the information bar.<\/li>\n\n\n\n<li>The transparency of the background of the bar.<\/li>\n\n\n\n<li>Width of the bar.<\/li>\n<\/ol>\n\n\n\n<p>By clicking on the headings of individual sections, you can collapse and expand them.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manual_Trade_Closure\"><\/span>Manual Trade Closure<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the main panel of Trade Manager, you\u2019ll find the &#8220;Close Trades&#8221; section, which allows you to quickly close groups of trades. With this function, you can easily close all trades, only profitable trades, only losing trades, or only buy or sell trades.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"412\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_profit_loss.png\" alt=\"\" class=\"wp-image-856\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_profit_loss.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_profit_loss-189x300.png 189w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n\n<p>There are three main buttons:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ALL<\/strong> \u2013 close all open trades.<\/li>\n\n\n\n<li><strong>PROFIT<\/strong> \u2013 close all profitable trades.<\/li>\n\n\n\n<li><strong>LOSS<\/strong> \u2013 close all losing trades.<\/li>\n<\/ul>\n\n\n\n<p>By default, the values on these buttons are displayed in the account currency. However, you can change the unit in which trade values are displayed.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Changing_the_Trade_Value_Unit\"><\/span>Changing the Trade Value Unit<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>To change the trade value unit, use the button next to the &#8220;Close Trades&#8221; header to toggle between:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Account currency (e.g., USD)<\/li>\n\n\n\n<li>Pips<\/li>\n\n\n\n<li>Percentage of account balance<\/li>\n<\/ul>\n\n\n\n<p>This allows you to customize the display to your preference.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"389\" height=\"73\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_pr_pip_pct.png\" alt=\"\" class=\"wp-image-836\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_pr_pip_pct.png 389w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_pr_pip_pct-300x56.png 300w\" sizes=\"auto, (max-width: 389px) 100vw, 389px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Changing_the_Trade_Grouping_Category\"><\/span>Changing the Trade Grouping Category<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You can customize how trades are grouped in the &#8220;Close Trades&#8221; section, with two options available:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit and Loss<\/strong> \u2013 organizes trades into profitable (PROFIT) and losing (LOSS) categories.<\/li>\n\n\n\n<li><strong>Buy and Sell<\/strong> \u2013 groups trades based on type: buy (BUY) and sell (SELL).<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"239\" height=\"70\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_buy_sell.png\" alt=\"\" class=\"wp-image-838\"\/><\/figure>\n<\/div>\n\n\n<p>To adjust how your trades are grouped:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Open the Trade Manager settings by pressing <strong>F7<\/strong>.<\/li>\n\n\n\n<li>In the &#8220;Panel&#8221; section, find the parameter labeled &#8220;Close Trades Categories.&#8221;<\/li>\n\n\n\n<li>Select either &#8220;Profit and Loss&#8221; or &#8220;Buy &amp; Sell&#8221; to set up trade groups according to your preferences.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"502\" height=\"438\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_settings_buy_sell.png\" alt=\"\" class=\"wp-image-839\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_settings_buy_sell.png 502w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/close_trades_settings_buy_sell-300x262.png 300w\" sizes=\"auto, (max-width: 502px) 100vw, 502px\" \/><\/figure>\n<\/div>\n\n\n<p>This enhanced flexibility lets you view and manage trades in a way that best suits your trading strategy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stop_Loss_and_Take_Profit_modes\"><\/span>Stop Loss and Take Profit modes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stealth_mode_%E2%80%93_possibility_to_hide_stop_loss_or_take_profit\"><\/span>Stealth mode \u2013 possibility to hide stop loss or take profit<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Many traders are concerned about the so-called \u201cstop loss hunting\u201d by brokers and would like to hide the location of its SL or TP. Therefore, in the new version of the program, we have introduced the possibility of setting a virtual stop loss \/ take profit.<\/p>\n\n\n\n<p>To set the virtual mode for SL \/ TP, click the SL or TP button in the main panel and select the Virtual option in the window. Then each new order will have a virtual SL \/ TP set.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"348\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image.png\" alt=\"\" class=\"wp-image-561\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image.png 480w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-300x218.png 300w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/figure>\n<\/div>\n\n\n<p>You can also set the hidden mode for only this selected order in the order parameters window:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"514\" height=\"303\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-1.png\" alt=\"\" class=\"wp-image-562\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-1.png 514w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-1-300x177.png 300w\" sizes=\"auto, (max-width: 514px) 100vw, 514px\" \/><\/figure>\n<\/div>\n\n\n<p>The stealth mode is marked with the corresponding icon on the panel:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"100\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-2.png\" alt=\"\" class=\"wp-image-563\"\/><\/figure>\n<\/div>\n\n\n<p>Physically, the SL \/ TP is not set in the order, and only the program remembers the designated levels and marks them with horizontal lines on the chart. After hovering over the line, a tooltip is displayed with information about which trade the line is from.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"739\" height=\"551\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-4.png\" alt=\"\" class=\"wp-image-565\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-4.png 739w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-4-300x224.png 300w\" sizes=\"auto, (max-width: 739px) 100vw, 739px\" \/><\/figure>\n<\/div>\n\n\n<p>These lines cannot be moved directly, and SL \/ TP modification can only be done from the level of the open \/ stop \/ target block or the order modification panel.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-red-color\">ATTENTION! In order for close trade when the price reaches the virtual SL or TP, the TRADE MANAGER MUST BE RUN. When the program is turned off, the order is not protected by SL \/ TP and it can lead to serious losses on your account. You use this feature at your own risk.<\/span><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Stop_Loss_or_Take_Profit_disabled\"><\/span>Stop Loss or Take Profit disabled<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>If you do not want to define a profit limit for a given transaction, but you want the profits to follow the price and to hedge the profits with a trailing stop function, you can turn off TP.<br>Click on the TP button on main panel and select \u201cDisabled\u201d in the dialog box. From that moment on, all transactions will be made without TP.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"765\" height=\"620\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-5.png\" alt=\"\" class=\"wp-image-566\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-5.png 765w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-5-300x243.png 300w\" sizes=\"auto, (max-width: 765px) 100vw, 765px\" \/><\/figure>\n<\/div>\n\n\n<p>Attention! When you <strong>disable TP<\/strong> then you <strong>can&#8217;t<\/strong> specify the activation levels Trailing Stop, Break Even or partial closure as a % of distance to TP.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Automatic_Stop_Loss_or_Take_Profit_setting_in_the_order\"><\/span>Automatic Stop Loss or Take Profit setting in the order<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In Trade Manager you can enable automatic Stop Loss or Take Profit. If the program notices that a new order has appeared in the system that does not have SL and TP set, then it sets the values set in the SL \/ TP fields in the order. This function can be used when Trade Manager works on VPS and orders are placed manually via a smartphone.<\/p>\n\n\n\n<p>Click on the SL or TP button on main panel and select \u201cAuto Set\u201d in the dialog box.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"464\" height=\"521\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-6.png\" alt=\"\" class=\"wp-image-567\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-6.png 464w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/image-6-267x300.png 267w\" sizes=\"auto, (max-width: 464px) 100vw, 464px\" \/><\/figure>\n<\/div>\n\n\n<p>If the function is enabled a small horizontal line is displaying below the text \u201cSL\u201d or \u201cTP\u201d.<\/p>\n\n\n\n<p>In order for the program to \u201csee\u201d your orders placed manually or outside the Trade Manager, you must set \u201cOnly Current Magic No.\u201d in the parameters = FALSE.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"596\" height=\"380\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/only_curr_magic.png\" alt=\"\" class=\"wp-image-579\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/only_curr_magic.png 596w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/09\/only_curr_magic-300x191.png 300w\" sizes=\"auto, (max-width: 596px) 100vw, 596px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Break_Even\"><\/span>Break Even<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When a trade reaches a certain profit level, many traders protect their account by moving the Stop Loss to the trade opening level or a little further so that in the event of a negative scenario, when the price turns back, they do not get a loss on that trade.<\/p>\n\n\n\n<p>To avoid sitting at the screen and &#8220;keep an eye on&#8221; transactions all the time, the Trade Manager program has an automatic Break Even feature.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Basic_Break_Even\"><\/span>Basic Break Even<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"250\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/break_even.png\" alt=\"\" class=\"wp-image-505\"\/><\/figure>\n<\/div>\n\n\n<p>Before we activate the automatic Break Even, we need to set two parameters:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Activation <\/strong>&#8211; that is the level \/ moment when the stop loss should be moved to Break Even. The moment of activation can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong> in pips<\/strong> from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong> of the distance from the opening price to TP, e.g. TP = 120 pips BE Activation = 30% means activate BE at 36 pips of profit (30% of 120 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong> means distance as ratio of SL distance eg activation = 1.0 R: R and SL = 30 pips then activate BE at 30 pips of profit; another example BE activation = 1.5 R: R and SL = 30 pips then activate BE at 45 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price <\/strong>&#8211; a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Profit<\/strong> &#8211; the amount you need to protect by a BreakEven option. You can set this value in pips, percent (%), risk reward (rr) or price.<\/li>\n<\/ul>\n\n\n\n<p>If you have BUY order and set BE activation= 50 pips and profit = 20 pips then after gaining 50 pips of profit it moves Stop to 20 pips over the open level, so if price turns back and hits your stop you get 20 pips of profit protected by a Break Even.<\/p>\n\n\n\n<p>Profit value in percent means % of current profit, so when you set BE profit = 50% and in the moment of activation of BE profit is eg 30 pips then Stop is moved to 15 pips (50% of 30 pips).<\/p>\n\n\n\n<p>You can switch between the individual units of the &#8220;Activation&#8221; and &#8220;Profit&#8221; parameters by clicking on the buttons with the unit (pips, %, rr or price).<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"820\" height=\"250\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_units.png\" alt=\"\" class=\"wp-image-506\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_units.png 820w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_units-300x91.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_units-768x234.png 768w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/figure>\n<\/div>\n\n\n<p>After all parameters are set, activate the function by clicking the button at the top.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"250\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_on.png\" alt=\"\" class=\"wp-image-507\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_on.png 540w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_on-300x139.png 300w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/figure>\n<\/div>\n\n\n<p>When setting individual parameters for each trade is active, then the settings from the main panel of the program are copied to each new trade.<br>Otherwise, the settings from the main panel apply to all orders from the current symbol.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"400\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_copy_settings.png\" alt=\"\" class=\"wp-image-508\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_copy_settings.png 620w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/12\/be_copy_settings-300x194.png 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Multi-level_Break_Even\"><\/span>Multi-level Break Even<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Depending on the strategy we use in Forex trading, it is sometimes needed to move our Stop Loss to the break-even point or above it more than once.<\/p>\n\n\n\n<p>When the price goes in the direction we expect and starts making profits, we usually move the Stop Loss to the break-even level so that, in the worst case, we can exit the transaction at zero without reducing the size of our deposit. However, when the price continues to follow our expectations and approaches the Take Profit we have set, it would be a good idea to move the Stop Loss to the next level again, protecting a significant part of the profit already earned. If the price returns from around our Take Profit, we will exit this transaction with a profit.<\/p>\n\n\n\n<p>In Forex Trade Manager, such a task can be performed by the multi-level break even function.<\/p>\n\n\n\n<p>To activate multi-level break even, go to the third tab in the main panel and find the break even parameters.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_1.png\" alt=\"This image has an empty alt attribute; its file name is be_multi_1.png\"\/><\/figure>\n<\/div>\n\n\n<p>Then click on the header and select the &#8220;BE multi-level&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"259\" height=\"248\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_2.png\" alt=\"\" class=\"wp-image-725\"\/><\/figure>\n<\/div>\n\n\n<p>Four buttons will appear next to the list which indicate 4 different break even levels that you can define and activate.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"138\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_3.png\" alt=\"\" class=\"wp-image-726\"\/><\/figure>\n<\/div>\n\n\n<p>Click the button with the number &#8220;1&#8221; (you will see a white frame around the button which means it is an active button) and enter the parameters for the first level of Break Even:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Activation\u00a0<\/strong>\u2013 that is the level \/ moment when the stop loss should be moved to Break Even. The moment of activation can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong>\u00a0in pips<\/strong>\u00a0from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong>\u00a0of the distance from the opening price to TP, e.g. TP = 120 pips BE Activation = 30% means activate BE at 36 pips of profit (30% of 120 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong>\u00a0means distance as ratio of SL distance eg activation = 1.0 R: R and SL = 30 pips then activate BE at 30 pips of profit; another example BE activation = 1.5 R: R and SL = 30 pips then activate BE at 45 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price\u00a0<\/strong>\u2013 a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Profit<\/strong>\u00a0\u2013 the amount you need to protect by a BreakEven option. You can set this value in pips, percent (%), risk reward (rr) or price.<\/li>\n<\/ul>\n\n\n\n<p>Activate this BE level by clicking the red &#8220;OFF&#8221; button, which will now glow green.<br>The button with the number &#8220;1&#8221; will also light up green, which means that break-even is active for the first level.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"230\" height=\"118\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_4.png\" alt=\"\" class=\"wp-image-727\"\/><\/figure>\n<\/div>\n\n\n<p>Then click the &#8220;2&#8221; button and enter new parameters for the second BE level and activate it.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"231\" height=\"116\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_5.png\" alt=\"\" class=\"wp-image-728\"\/><\/figure>\n<\/div>\n\n\n<p>Do the same for subsequent levels if you need to activate them.<\/p>\n\n\n\n<p>Once you have set all the parameters, you can place the order. You should now see your settings for multi-level Break Even in the order parameters window.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"330\" height=\"401\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_6.png\" alt=\"\" class=\"wp-image-729\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_6.png 330w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_6-247x300.png 247w\" sizes=\"auto, (max-width: 330px) 100vw, 330px\" \/><\/figure>\n<\/div>\n\n\n<p>This is what an example activation path for a two-level Break Even might look like.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"524\" height=\"377\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_7.png\" alt=\"\" class=\"wp-image-722\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_7.png 524w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/be_multi_7-300x216.png 300w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><figcaption class=\"wp-element-caption\">This is a illustrative photo and the actual appearance of the program may differ from what is shown in the photo.<\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Stop\"><\/span>Trailing Stop<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A trailing stop is a type of closing order that automatically follows market movements. It intervenes and secures profits by closing our position as long as it is favorable. Of course, the trailing stop allows you to both limit losses and protect the profits generated by our transaction.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Basic_Trailing_Stop\"><\/span>Basic Trailing Stop<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"250\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image.png\" alt=\"\" class=\"wp-image-522\"\/><\/figure>\n<\/div>\n\n\n<p>Trailing Stop in the Trade Manager has 3 parameters to set:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start<\/strong> &#8211; number of pips of profit to activate trailing stop. The &#8220;Start&#8221; can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong> in pips<\/strong> from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong> of the distance from the opening price to TP, e.g. TP = 88 pips TS Start = 30% means activate Trailing Stop at 26.4 pips of profit (30% of 88 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong> means distance as ratio of SL distance eg activation = 1.2 R: R and SL = 30 pips then activate BE at 36 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price (pr.) <\/strong>&#8211; a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Trailing<\/strong> &#8211; when trailing stop will start and move stop loss, here we can define a distance of stop loss to current price. The &#8220;Trailing&#8221; value can be defined as\n<ul class=\"wp-block-list\">\n<li>fixed stop distance from the current price, e.g. 20 pips, <\/li>\n\n\n\n<li>percent (%) of earned profit. For example, if we set the parameter trailing = 25%, then when we have profit = 40 pips, then the stop will be moved 10 pips from the opening price (25% of 40 pips = 10 pips).<\/li>\n\n\n\n<li>Risk Reward (RR) &#8211; in this case, you can define the distance maintained by the stop loss to the current price as a fraction or a multiple of the initial stop loss. For example, if we have a trade with an initial stop loss = 50 pips, then by defining the trailing as 1.5 rr then at each move it will be a distance from the current price equal to 1.5 * initial stop loss = 50 pips which is 75 pips.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Step<\/strong> &#8211; how many pips of profit causes the move of the stop level, i.e. how often stop loss is to be moved. You can define this parameter as distance in pips or risk reward related to the initial Stop Loss.<\/li>\n<\/ul>\n\n\n\n<p>You can switch between the individual units of the &#8220;Start&#8221; and &#8220;Trailing&#8221; parameters by clicking on the buttons with the unit (pips, %, rr or price).<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"465\" height=\"108\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-1.png\" alt=\"\" class=\"wp-image-523\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-1.png 465w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-1-300x70.png 300w\" sizes=\"auto, (max-width: 465px) 100vw, 465px\" \/><\/figure>\n<\/div>\n\n\n<p>After all parameters are set, activate the function by clicking the button at the top.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"540\" height=\"250\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-2.png\" alt=\"\" class=\"wp-image-524\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-2.png 540w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-2-300x139.png 300w\" sizes=\"auto, (max-width: 540px) 100vw, 540px\" \/><\/figure>\n<\/div>\n\n\n<p>When setting individual parameters for each trade is active, then the settings from the main panel of the program are copied to each new trade.<br>Otherwise, the settings from the main panel apply to all orders from the current symbol.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"636\" height=\"369\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-3.png\" alt=\"\" class=\"wp-image-525\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-3.png 636w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/image-3-300x174.png 300w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Multi-level_Trailing_Stop\"><\/span>Multi-level Trailing Stop<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>When we use Trailing Stop, we usually determine at the beginning of the transaction what distance the Stop Loss from the current price should be maintained by the program. At the initial stage of the transaction, it is good to maintain a sufficiently large distance so that the first pullback does not close our transaction. However, when the price approaches Take Profit, it is best to keep the SL distance closer to the current price. So that you do not have to sit in front of the chart and constantly monitor the price movement to modify the Trailing Stop parameters at the right moment, you can use a multi-level Trailing Stop in the Forex Trade Manager.<\/p>\n\n\n\n<p>To activate multi-level Trailing Stop, go to the third tab in the main panel and find the trailing stop parameters.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"307\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_1.png\" alt=\"\" class=\"wp-image-731\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_1.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_1-300x283.png 300w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>Then click on the header and select the &#8220;TS multi-level&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"307\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_2.png\" alt=\"\" class=\"wp-image-732\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_2.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_2-300x283.png 300w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>Four buttons will appear next to the list which indicate 4 different trailing stop levels that you can define and activate.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"289\" height=\"167\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_3-1.png\" alt=\"\" class=\"wp-image-734\"\/><\/figure>\n<\/div>\n\n\n<p>Click the button with the number &#8220;1&#8221; (you will see a white frame around the button which means it is an active button) and enter the parameters for the first level of Trailing Stop:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start<\/strong>\u00a0\u2013 number of pips of profit to activate trailing stop. The \u201cStart\u201d can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong>\u00a0in pips<\/strong>\u00a0from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong>\u00a0of the distance from the opening price to TP, e.g. TP = 88 pips TS Start = 30% means activate Trailing Stop at 26.4 pips of profit (30% of 88 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong>\u00a0means distance as ratio of SL distance eg activation = 1.2 R: R and SL = 30 pips then activate BE at 36 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price (pr.)\u00a0<\/strong>\u2013 a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Trailing<\/strong>\u00a0\u2013 when trailing stop will start and move stop loss, here we can define a distance of stop loss to current price. The \u201cTrailing\u201d value can be defined as\n<ul class=\"wp-block-list\">\n<li>fixed stop distance from the current price, e.g. 20 pips,<\/li>\n\n\n\n<li>percent (%) of earned profit. For example, if we set the parameter trailing = 25%, then when we have profit = 40 pips, then the stop will be moved 10 pips from the opening price (25% of 40 pips = 10 pips).<\/li>\n\n\n\n<li>Risk Reward (RR) \u2013 in this case, you can define the distance maintained by the stop loss to the current price as a fraction or a multiple of the initial stop loss. For example, if we have a trade with an initial stop loss = 50 pips, then by defining the trailing as 1.5 rr then at each move it will be a distance from the current price equal to 1.5 * initial stop loss = 50 pips which is 75 pips.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Step<\/strong>\u00a0\u2013 how many pips of profit causes the move of the stop level, i.e. how often stop loss is to be moved. You can define this parameter as distance in pips or risk reward related to the initial Stop Loss.<\/li>\n<\/ul>\n\n\n\n<p>Activate this TS level by clicking the red &#8220;OFF&#8221; button, which will now glow green.<br>The button with the number &#8220;1&#8221; will also light up green, which means that trailing stop is active for the first level.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"284\" height=\"165\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_4.png\" alt=\"\" class=\"wp-image-735\"\/><\/figure>\n<\/div>\n\n\n<p>Then click the &#8220;2&#8221; button and enter new parameters for the second Trailing Stop level and activate it.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"288\" height=\"167\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_5.png\" alt=\"\" class=\"wp-image-736\"\/><\/figure>\n<\/div>\n\n\n<p>Do the same for subsequent levels if you need to activate them.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"285\" height=\"164\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_6.png\" alt=\"\" class=\"wp-image-737\"\/><\/figure>\n<\/div>\n\n\n<p><strong>ATTENTION! It is important to set the Trailing Stop activation levels in ascending order, e.g. TS Start = 0 pips at level 1, then TS Start = 20 pips at level 2, TS Start = 40 pips at level 3, etc.<\/strong><\/p>\n\n\n\n<p>Once you have set all the parameters, you can place the order. You should now see your settings for multi-level Trailing Stop in the order parameters window.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"412\" height=\"504\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_7.png\" alt=\"\" class=\"wp-image-738\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_7.png 412w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_7-245x300.png 245w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\" \/><\/figure>\n<\/div>\n\n\n<p>Below is a diagram of how a multi-level Trailing Stop works, with tightening Stop Loss at each stage of the way to Take Profit.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"456\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_8.png\" alt=\"\" class=\"wp-image-739\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_8.png 360w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_multi_8-237x300.png 237w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/><figcaption class=\"wp-element-caption\">This is a illustrative photo and the actual appearance of the program may differ from what is shown in the photo.<\/figcaption><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Stop_following_high_and_lows\"><\/span>Trailing Stop following high and lows<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>When the security we are trading on is in a trend, it will move in the selected direction, periodically perform a pullback and then continue to move in the selected direction, creating a sequence of higher lows or lower highs.<br>Trade Manager has a Trailig Stop function in a variant where can be set to follow higher lows in an uptrend or follow lower highs in a downtrend.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"656\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_1-1024x656.png\" alt=\"\" class=\"wp-image-743\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_1-1024x656.png 1024w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_1-300x192.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_1-768x492.png 768w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_1.png 1139w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"704\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_2-1024x704.png\" alt=\"\" class=\"wp-image-744\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_2-1024x704.png 1024w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_2-300x206.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_2-768x528.png 768w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_2.png 1055w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>To activate Trailing Stop following highs\/lows, go to the third tab in the main panel, find the trailing stop parameters, expand the drop down list and select the &#8220;TS high &amp; lows&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"387\" height=\"368\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_3.png\" alt=\"\" class=\"wp-image-741\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_3.png 387w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_3-300x285.png 300w\" sizes=\"auto, (max-width: 387px) 100vw, 387px\" \/><\/figure>\n<\/div>\n\n\n<p>Then define the operating parameters of this Trailing Stop variant:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"339\" height=\"210\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_8.png\" alt=\"\" class=\"wp-image-749\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_8.png 339w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_8-300x186.png 300w\" sizes=\"auto, (max-width: 339px) 100vw, 339px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start<\/strong>\u00a0\u2013 number of pips of profit to activate trailing stop. The \u201cStart\u201d can be set as:<ul><li>distance<strong>\u00a0in pips<\/strong>\u00a0from the opening price<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><strong>percent (%)<\/strong>\u00a0of the distance from the opening price to TP, e.g. TP = 88 pips TS Start = 30% means activate Trailing Stop at 26.4 pips of profit (30% of 88 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong>\u00a0means distance as ratio of SL distance eg activation = 1.2 R: R and SL = 30 pips then activate BE at 36 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price (pr.)\u00a0<\/strong>\u2013 a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Bars no.<\/strong> &#8211; the number of bars before and after the peak\/hole, which have a lower bar high\/low than the bar that defines the peak\/hole, e.g. 3 bars before and after.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"344\" height=\"420\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_4.png\" alt=\"\" class=\"wp-image-745\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_4.png 344w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_4-246x300.png 246w\" sizes=\"auto, (max-width: 344px) 100vw, 344px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"424\" height=\"449\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_5.png\" alt=\"\" class=\"wp-image-746\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_5.png 424w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_5-283x300.png 283w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>H\/L back<\/strong> &#8211; at which peak\/hole the Stop Loss should be set. For example, if you set the value to 1, the SL will always be set at the last (newest) peak\/hole, if you set it to 2, then at the penultimate H\/L one, etc.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"577\" height=\"714\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_6.png\" alt=\"\" class=\"wp-image-747\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_6.png 577w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_6-242x300.png 242w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Offset <\/strong>&#8211; here you can specify whether and by how many pips the Stop Loss should be moved away from the peak or hole. If you set the value to 0, SL will always be set at the peak or hole. If you set e.g. 2 pips, the program will set the SL 2 pips above the peak or 2 pips below the hole.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"194\" height=\"263\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_hl_7.png\" alt=\"\" class=\"wp-image-748\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Timeframe <\/strong>&#8211; here you can specify whether the program should look for a peak or hole on the current chart or on a chart with a different timeframe.<\/li>\n<\/ul>\n\n\n\n<p>Once you have set all the parameters, activate trailing stop by clicking the red OFF button turning it into green ON. Now you can place the order with Trailing Stop.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Stop_based_on_a_Moving_Average\"><\/span>Trailing Stop based on a Moving Average<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>One variant of Trailing Stop is following the moving average. A moving average is simply a way to smooth out price fluctuations to help you distinguish between typical market \u201cnoise\u201d and the actual trend direction. Therefore, an interesting solution is to keep the Stop Loss at the level set by this one of the most popular indicators.<\/p>\n\n\n\n<p>To activate Trailing Stop following Moving Average, go to the third tab in the main panel, find the trailing stop parameters, expand the drop down list and select the &#8220;TS Moving Average&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"360\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_2.png\" alt=\"\" class=\"wp-image-750\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_2.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_2-271x300.png 271w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>Then define the operating parameters of this Trailing Stop variant:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"286\" height=\"193\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_3.png\" alt=\"\" class=\"wp-image-751\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start<\/strong>\u00a0\u2013 number of pips of profit to activate trailing stop. The \u201cStart\u201d can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong>\u00a0in pips<\/strong>\u00a0from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong>\u00a0of the distance from the opening price to TP, e.g. TP = 88 pips TS Start = 30% means activate Trailing Stop at 26.4 pips of profit (30% of 88 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong>\u00a0means distance as ratio of SL distance eg activation = 1.2 R: R and SL = 30 pips then activate BE at 36 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price (pr.)\u00a0<\/strong>\u2013 a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>MA Period<\/strong> &#8211;  the number of bars\/candles including in the moving average calculation. The shorter &#8220;Period&#8221;, the fewer the data points that are included in the moving average calculation, which means the closer the moving average stays to the current price. The longer its &#8220;Period&#8221;, the more data points that are included in the moving average calculation, which means the less any single price can affect the overall average.<\/li>\n\n\n\n<li><strong>MA Type<\/strong> &#8211; selecting the moving average calculation method:\n<ul class=\"wp-block-list\">\n<li><strong>SMA <\/strong>&#8211; Simple averaging<\/li>\n\n\n\n<li><strong>EMA <\/strong>&#8211; Exponential averaging<\/li>\n\n\n\n<li><strong>SMMA <\/strong>&#8211; Smoothed averaging<\/li>\n\n\n\n<li><strong>LWMA <\/strong>&#8211; Linear-weighted averaging<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>MA Price<\/strong> &#8211; type of price that will be used to calculate the moving average:\n<ul class=\"wp-block-list\">\n<li><strong>CLOSE<\/strong> &#8211; close price<\/li>\n\n\n\n<li><strong>HIGH<\/strong> &#8211; maximum price<\/li>\n\n\n\n<li><strong>LOW<\/strong> &#8211; minimum price<\/li>\n\n\n\n<li><strong>OPEN <\/strong>&#8211; open price<\/li>\n\n\n\n<li><strong>MEDIAN<\/strong> &#8211; median price calculated by formula (high + low) \/ 2<\/li>\n\n\n\n<li><strong>TYPICAL<\/strong> &#8211; typical price calculated by formula (high + low + close) \/ 3<\/li>\n\n\n\n<li><strong>WEIGHTED <\/strong>&#8211; weighted close price calculated by formula (high + low + close + close) \/ 4<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Timeframe <\/strong>&#8211; here you can specify whether the program should calculate Moving Average on the current chart or on a chart with a different timeframe.<\/li>\n<\/ul>\n\n\n\n<p>Once you have set all the parameters, activate trailing stop by clicking the red OFF button turning it into green ON. Now you can place the order with Trailing Stop.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"558\" height=\"565\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_1.png\" alt=\"\" class=\"wp-image-752\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_1.png 558w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_ma_1-296x300.png 296w\" sizes=\"auto, (max-width: 558px) 100vw, 558px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Stop_based_on_the_Parabolic_SAR_indicator\"><\/span>Trailing Stop based on the Parabolic SAR indicator<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The Parabolic SAR, or Parabolic Stop and Reverse, is a trailing stop-based trading system and is often used as a technical indicator as well. The Parabolic SAR serves three basic functions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>to highlight the current trend<\/li>\n\n\n\n<li>to attempt to forecast a reversal in the prevailing trend<\/li>\n\n\n\n<li>to provide potential exit and entry signals during a reversal<\/li>\n<\/ul>\n\n\n\n<p>In Forex Trade Manager you can also use the Parabolic SAR indicator for the Trailing Stop function. To do this, go to the third tab in the main panel, find the trailing stop parameters, expand the drop down list and select the &#8220;TS Parabolic SAR&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"320\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_3.png\" alt=\"\" class=\"wp-image-753\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_3.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_3-300x295.png 300w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>Then define the operating parameters of this Trailing Stop variant:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"286\" height=\"153\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_4.png\" alt=\"\" class=\"wp-image-754\"\/><\/figure>\n<\/div>\n\n\n<ul id=\"block-66bd365a-ddd3-4514-b7c1-864f81aa03c8\" class=\"wp-block-list\">\n<li><strong>Start<\/strong>\u00a0\u2013 number of pips of profit to activate trailing stop. The \u201cStart\u201d can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong>\u00a0in pips<\/strong>\u00a0from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong>\u00a0of the distance from the opening price to TP, e.g. TP = 88 pips TS Start = 30% means activate Trailing Stop at 26.4 pips of profit (30% of 88 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong>\u00a0means distance as ratio of SL distance eg activation = 1.2 R: R and SL = 30 pips then activate BE at 36 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price (pr.)\u00a0<\/strong>\u2013 a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Step<\/strong> &#8211; the step of price increment<\/li>\n\n\n\n<li><strong>Maximum <\/strong>&#8211; the maximum step<\/li>\n\n\n\n<li><strong>Timeframe <\/strong>&#8211; here you can specify whether the program should calculate Parabolic SAR on the current chart or on a chart with a different timeframe.<\/li>\n<\/ul>\n\n\n\n<p>Once you have set all the parameters, activate trailing stop by clicking the red OFF button turning it into green ON. Now you can place the order with Trailing Stop.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"529\" height=\"378\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_1.png\" alt=\"\" class=\"wp-image-755\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_1.png 529w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_1-300x214.png 300w\" sizes=\"auto, (max-width: 529px) 100vw, 529px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"529\" height=\"378\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_2.png\" alt=\"\" class=\"wp-image-756\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_2.png 529w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_psar_2-300x214.png 300w\" sizes=\"auto, (max-width: 529px) 100vw, 529px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Stop_based_on_the_ATR_indicator\"><\/span>Trailing Stop based on the ATR indicator<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The average true range (ATR) is a technical analysis indicator that measures market volatility by decomposing the entire range of an asset price for that period. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. ATR can therefore be used to determine the distance that the Stop Loss should maintain from the current price so that the trade is not terminated at the first price pullback.<\/p>\n\n\n\n<p>To use the ATR indicator in your Trailing Stop, go to the third tab in the main panel, find the trailing stop parameters, expand the drop down list and select the &#8220;TS ATR&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"307\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_1.png\" alt=\"\" class=\"wp-image-759\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_1.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_1-300x283.png 300w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>Then define the operating parameters of this Trailing Stop variant:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"278\" height=\"147\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_2.png\" alt=\"\" class=\"wp-image-760\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Start<\/strong>\u00a0\u2013 number of pips of profit to activate trailing stop. The \u201cStart\u201d can be set as:\n<ul class=\"wp-block-list\">\n<li>distance<strong>\u00a0in pips<\/strong>\u00a0from the opening price<\/li>\n\n\n\n<li><strong>percent (%)<\/strong>\u00a0of the distance from the opening price to TP, e.g. TP = 88 pips TS Start = 30% means activate Trailing Stop at 26.4 pips of profit (30% of 88 pips)<\/li>\n\n\n\n<li><strong>Risk Reward (RR)<\/strong>\u00a0means distance as ratio of SL distance eg activation = 1.2 R: R and SL = 30 pips then activate BE at 36 pips of profit. This is always related to initial Stop Loss.<\/li>\n\n\n\n<li><strong>price (pr.)\u00a0<\/strong>\u2013 a certain price level<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>ATR Period<\/strong> &#8211; the number of recent bars\/candles included in the calculation of the ATR indicator value<\/li>\n\n\n\n<li><strong>ATR Multiplier<\/strong> &#8211; ATR value multiplier. You can set the Trailing Stop distance as a multiple of ATR. <\/li>\n\n\n\n<li><strong>Timeframe <\/strong>&#8211; here you can specify whether the program should calculate ATR on the current chart or on a chart with a different timeframe.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"392\" height=\"372\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_3.png\" alt=\"\" class=\"wp-image-770\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_3.png 392w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_atr_3-300x285.png 300w\" sizes=\"auto, (max-width: 392px) 100vw, 392px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trailing_Stop_following_the_partial_closing_levels_of_the_trade\"><\/span>Trailing Stop following the partial closing levels of the trade<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In Forex Trade Manager it is possible to set partial closing levels. Some traders also use these levels to protect the profits of their trades by resetting the SL to the previous level after closing subsequent parts. This operation can be automated and the Trailing Stop function can be activated to follow the partial closure levels.<\/p>\n\n\n\n<p>To do this, go to the third tab in the main panel, find the trailing stop parameters, expand the drop down list and select the &#8220;TS Follow Partials&#8221; option from the list.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"307\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_1.png\" alt=\"\" class=\"wp-image-761\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_1.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_1-300x283.png 300w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>We have 4 checkboxes to select, which determine at which partial closing levels the program should move the Stop Loss.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"278\" height=\"147\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_2.png\" alt=\"\" class=\"wp-image-762\"\/><\/figure>\n<\/div>\n\n\n<p>And now, if we check all 4 checkboxes, the program will move:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SL to BE after TP1 activation<\/li>\n\n\n\n<li>SL on TP1 after TP2 activation<\/li>\n\n\n\n<li>SL on TP2 after TP3 activation<\/li>\n\n\n\n<li>SL on TP3 after TP4 activation<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"370\" height=\"484\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_4.png\" alt=\"\" class=\"wp-image-765\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_4.png 370w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_4-229x300.png 229w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/><\/figure>\n<\/div>\n\n\n<p><strong><span class=\"has-inline-color has-vivid-red-color\">ATTENTION! A necessary condition for the following function to work is the activation of the partial transaction closing function described <a rel=\"noreferrer noopener\" href=\"https:\/\/www.investsoft.eu\/blog\/index.php\/2021\/11\/30\/trade-manager-user-manual\/#Partial_profit_and_loss_closing\" target=\"_blank\">here.<\/a><\/span><\/strong><\/p>\n\n\n\n<p>Another example is if we have all 4 levels of partial closure active <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"278\" height=\"156\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/part_close_tp1-4.png\" alt=\"\" class=\"wp-image-764\"\/><\/figure>\n<\/div>\n\n\n<p>but only 2 checkboxes are checked:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"278\" height=\"147\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_3.png\" alt=\"\" class=\"wp-image-763\"\/><\/figure>\n<\/div>\n\n\n<p>then the program will perform the following moves:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"370\" height=\"484\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_5.png\" alt=\"\" class=\"wp-image-766\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_5.png 370w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/ts_partials_5-229x300.png 229w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\" id=\"partial-closing\"><span class=\"ez-toc-section\" id=\"Partial_profit_and_loss_closing\"><\/span>Partial profit and loss closing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The partial closing is a feature that allows you to exit trade with stages, therefore you can taking the next parts of profit as the price goes in the right direction or perform a phased exiting from a losing trade, reducing the loss.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"529\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/partial_profit_loss.png\" alt=\"\" class=\"wp-image-494\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/partial_profit_loss.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/partial_profit_loss-147x300.png 147w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n\n<p>With automatic setting of partial order closing, you can set default parameters which are automatically copied to the individual settings of each opening order.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"529\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/partial_copy_settings.png\" alt=\"\" class=\"wp-image-495\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/partial_copy_settings.png 720w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/partial_copy_settings-300x220.png 300w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/figure>\n<\/div>\n\n\n<p><strong>ATTENTION!<\/strong> If, in the program parameters in the &#8220;&#8212;&#8212;- LINES &#8211; ORDERS &#8212;&#8212;&#8212;&#8211;&#8221; section, you disable the option of individually setting parameters for each open order (no information bars for open orders and no possibility of calling the panel with settings) by setting the parameter &#8220;Active&#8221; = FALSE, then the settings from the main panel apply to all open orders. In this situation, each change in the main panel is immediately applied to all active orders.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-1024x631.png\" alt=\"This image has an empty alt attribute; its file name is image-1024x631.png\"\/><\/figure>\n<\/div>\n\n\n<p>We can set up to 4 levels of partial closings in profit and also max. 4 levels of partial closing of trades on a loss.<br>For each stage of closing a part of the transaction, we can define the size of the part to be closed and the distance from the opening price.<\/p>\n\n\n\n<p>After enabling a selected level, an additional bar appears in the open \/ stop \/ target block representing the given level of partial transaction execution. The level of transaction execution can be adjusted by moving the bar on the chart or changing the settings on the main panel for a planned transaction or in the order panel for orders already placed.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-1-1024x632.png\" alt=\"This image has an empty alt attribute; its file name is image-1-1024x632.png\"\/><\/figure>\n<\/div>\n\n\n<p><strong>The size of the part<\/strong> to be closed can be specified <strong>in lots or as a percentage<\/strong> of the initial order size.<\/p>\n\n\n\n<p><strong>The level where the part of the trade should be closed<\/strong> also can be defined:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>in pips<\/strong> &#8211; the distance from the opening price<\/li>\n\n\n\n<li><strong>as percent (%) &#8211;<\/strong> percentage of the distance from the opening price to the take profit or to the stop loss.<\/li>\n\n\n\n<li><strong>as risk reward ratio (rr) <\/strong>&#8211; means distance as ratio of SL distance. If you set the value rr = 1.0, then part of the order will be closed when the current price is in the distance equal to the distance of the SL from the open price. If the value is set to y = 2.0, part of the order will be closed when the price is 2 x SL distance to open price and so on.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"231\" height=\"134\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_rr.png\" alt=\"\" class=\"wp-image-496\"\/><\/figure>\n<\/div>\n\n\n<p>When the Stop Loss of a transaction has changed, whether by an automatic Break Even, Trailing Stop, manually by the trader or otherwise, the program calculates the distance defined as risk reward (&#8220;rr&#8221;) based on the initial Stop Loss distance.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>as price (pr.)<\/strong> &#8211; a certain price level<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>When a certain partial closure level is realized it becomes &#8220;inactive&#8221;. The color of this level changes and you cannot drag it on the chart, change its settings in the panel nor deactivate it.<\/p>\n\n\n\n<figure class=\"wp-block-image is-style-default\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-8-1024x631.png\" alt=\"This image has an empty alt attribute; its file name is image-8-1024x631.png\"\/><\/figure>\n\n\n\n<p>You can define the appearance of the partial closing lines drawing on the chart in parameters. Find a description <a href=\"http:\/\/settings-lines-parts\" data-type=\"URL\" data-id=\"settings-lines-parts\">here<\/a>.<\/p>\n\n\n\n<p>Also in the configuration tab you can define what information is to be displayed on the lines. A detailed description can be found <a href=\"http:\/\/config-texts\" data-type=\"URL\" data-id=\"config-texts\">here<\/a>.<\/p>\n\n\n\n<p>Some examples below:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"609\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example1.png\" alt=\"\" class=\"wp-image-497\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example1.png 1020w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example1-300x179.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example1-768x459.png 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"609\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example2.png\" alt=\"\" class=\"wp-image-498\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example2.png 1020w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example2-300x179.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example2-768x459.png 768w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/figure>\n<\/div>\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"823\" height=\"581\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example3.png\" alt=\"\" class=\"wp-image-499\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example3.png 823w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example3-300x212.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/part_close_example3-768x542.png 768w\" sizes=\"auto, (max-width: 823px) 100vw, 823px\" \/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Equity_control_feature\"><\/span>Equity control feature<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The <strong>Equity Control<\/strong> feature is designed to protect your capital \u2013 it allows you to set a <strong>maximum loss limit<\/strong> or a <strong>target profit level<\/strong>, after which all open trades will be automatically closed.<\/p>\n\n\n\n<p>In day-to-day trading, it helps you manage risk and lock in profits \u2013 for example, by ending the day when you reach +$100 profit or stopping trading after a -$50 loss.<\/p>\n\n\n\n<p>The <strong>Equity Control<\/strong> feature in Trade Manager can be found under the <strong>third tab<\/strong> of the panel. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"439\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect1.png\" alt=\"\" class=\"wp-image-866\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect1.png 260w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect1-178x300.png 178w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/><\/figure>\n<\/div>\n\n\n<p>In the <strong>&#8220;Trade Closure by Equity&#8221;<\/strong> section, you\u2019ll find several parameters to configure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit<\/strong> &#8211; here you can define the maximum profit at which all open positions will be automatically closed, effectively locking in your gains. <\/li>\n\n\n\n<li><strong>Loss<\/strong> &#8211; here you can define the <strong>maximum allowed loss<\/strong>. When the total floating loss from all open trades reaches this value, all trades will be automatically closed to protect your capital. <\/li>\n<\/ul>\n\n\n\n<p>Both the <strong>Profit<\/strong> and <strong>Loss<\/strong> parameters can be defined in any of the following three ways:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Account Currency<\/strong><br>Set a specific amount in the currency of your trading account.<br>Example: If set to <strong>$100<\/strong> (profit) or <strong>$200<\/strong> (loss), Trade Manager will close all open trades once the floating profit reaches $100, or when the floating loss reaches $200.<\/p>\n\n\n\n<p><strong>Percentage of Account Balance<\/strong><br>Set a threshold as a percentage of your current account balance.<br>Example: If set to <strong>2%<\/strong> (profit) or <strong>5%<\/strong> (loss), Trade Manager will close all positions when your equity increases or decreases by the respective percentage.<\/p>\n\n\n\n<p><strong>Absolute Equity Level (EQL)<\/strong><br>Set a <strong>target equity value<\/strong> that must be reached or avoided.<br>Example: If EQL is set to <strong>$10,500<\/strong>, all trades will be closed once your equity hits that level (profit). If set to <strong>$9,000<\/strong>, positions will be closed if equity drops to or below that level (loss).<\/p>\n<\/blockquote>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Track Trades For<\/strong> &#8211; this option determines which trades should be included in equity tracking. You can choose:\n<ul class=\"wp-block-list\">\n<li><strong>all symbols<\/strong> \u2013 to track equity across all open trades on all instruments<\/li>\n\n\n\n<li><strong>name of current symbol<\/strong> &#8211; to track trades on the symbol where Trade Manager is currently running<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"233\" height=\"189\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect2.png\" alt=\"\" class=\"wp-image-868\"\/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>Delete Pending Orders &#8211; if enabled, this option will <strong>delete all pending orders<\/strong> once the equity target (profit or loss) is reached and trades are closed<\/li>\n\n\n\n<li>Show Account Status Panel &#8211; when activated, this displays a <strong>real-time status panel<\/strong> showing your current profit\/loss progress relative to your target or stop level. In this panel, you can:\n<ul class=\"wp-block-list\">\n<li>See current profit\/loss in account currency or as a percentage<\/li>\n\n\n\n<li>View a <strong>progress bar<\/strong> that visually shows how close you are to your defined profit or loss threshold<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"115\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect-panel.png\" alt=\"\" class=\"wp-image-867\"\/><\/figure>\n<\/div>\n\n\n<p>Once all parameters are set, you need to <strong>activate<\/strong> the Equity Control function. You can choose to monitor: only <strong>profit<\/strong> target, only <strong>loss<\/strong> limit or <strong>both<\/strong>, by switching the corresponding toggle from <strong>OFF<\/strong> to <strong>ON<\/strong> next to each parameter.<\/p>\n\n\n\n<p>In the P&amp;L panel, you now have three display options:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit\/Loss in account currency<\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"596\" height=\"535\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_2.png\" alt=\"\" class=\"wp-image-894\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_2.png 596w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_2-300x269.png 300w\" sizes=\"auto, (max-width: 596px) 100vw, 596px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Equity<\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"566\" height=\"513\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_3.png\" alt=\"\" class=\"wp-image-895\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_3.png 566w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_3-300x272.png 300w\" sizes=\"auto, (max-width: 566px) 100vw, 566px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Profit\/Loss as a percentage<\/strong><\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"604\" height=\"520\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_4.png\" alt=\"\" class=\"wp-image-896\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_4.png 604w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/eql_4-300x258.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/figure>\n<\/div>\n\n\n<p>It\u2019s important to note that the P&amp;L display setting is purely visual. It does not affect how the EQL logic works in the background \u2014 it only changes how the data is presented in the panel.<\/p>\n\n\n\n<p>From that moment, Trade Manager will actively monitor your open positions.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"510\" height=\"439\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect3.png\" alt=\"\" class=\"wp-image-869\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect3.png 510w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/tm-equity-protect3-300x258.png 300w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/figure>\n<\/div>\n\n\n<p><br>When the equity reaches either the profit target or loss limit you\u2019ve defined, the software will <strong>automatically close all open trades<\/strong>.<\/p>\n\n\n\n<p>\u26a0\ufe0f <strong>Important:<\/strong> Whether <em>all<\/em> trades are closed depends on your Trade Manager settings:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If <strong>Only Current Magic No.<\/strong> is set to <strong>True<\/strong> <em>(default setting)<\/em>, the Equity Protect function applies <strong>only to trades opened via Trade Manager<\/strong>.<\/li>\n\n\n\n<li>If <strong>Only Current Magic No.<\/strong> set to <strong>False<\/strong>, <strong>all trades<\/strong> will be included &#8211; this means even manually placed trades or those opened via the <strong>MT4\/MT5 Mobile Apps<\/strong> will be closed.<\/li>\n<\/ul>\n\n\n\n<p>You can change this setting in the <strong>General Settings<\/strong> of Trade Manager.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"722\" height=\"306\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/image.png\" alt=\"\" class=\"wp-image-879\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/image.png 722w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/05\/image-300x127.png 300w\" sizes=\"auto, (max-width: 722px) 100vw, 722px\" \/><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Support_for_Custom_Chart_Symbols\"><\/span>Support for Custom Chart Symbols<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Trade Manager works on <strong>Custom Symbol Charts<\/strong> in both MetaTrader 4 and MetaTrader 5.<\/p>\n\n\n\n<p>The MT4 version has supported custom charts (such as Renko, range, tick, or second-based charts) from the very beginning. You can simply launch Trade Manager on a custom chart, and it will function correctly without any additional setup.<\/p>\n\n\n\n<p>In MT5, however, due to differences in how the platform handles custom symbols and non-standard charts, this support was only added in version 3.60. Starting from this version, Trade Manager for MT5 can also be used on custom chart symbols &#8211; including second-based charts, Renko, and other non-standard timeframes &#8211; but it requires additional configuration related to the chart\u2019s symbol mapping.<\/p>\n\n\n\n<p>Please refer to the configuration instructions in the next section to ensure proper setup when using Trade Manager on custom symbols in MetaTrader 5.<\/p>\n\n\n\n<p>Please note that Trade Manager does not create these custom charts. You will need to use third-party software or plugins to generate them.<\/p>\n\n\n\n<p>\ud83d\udca1 <strong>How to use this feature<\/strong>?<\/p>\n\n\n\n<p>For example, if you generate a Renko chart for the <strong>GBPUSD<\/strong> pair, the chart will typically have a modified symbol name, such as <strong>GBPUSD.renko<\/strong>.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"430\" height=\"478\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_1-1.png\" alt=\"\" class=\"wp-image-888\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_1-1.png 430w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_1-1-270x300.png 270w\" sizes=\"auto, (max-width: 430px) 100vw, 430px\" \/><\/figure>\n<\/div>\n\n\n<p>To place and manage trades from this custom chart using Trade Manager, open the settings and set the <strong>Base Symbol<\/strong> parameter to <strong>GBPUSD<\/strong>.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"714\" height=\"404\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_2.png\" alt=\"\" class=\"wp-image-889\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_2.png 714w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_2-300x170.png 300w\" sizes=\"auto, (max-width: 714px) 100vw, 714px\" \/><\/figure>\n<\/div>\n\n\n<p>Once configured, you can place trades directly on the custom chart, and Trade Manager will display and manage entry, stop loss, and take profit levels as on standard charts.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_4-1024x631.png\" alt=\"\" class=\"wp-image-890\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_4-1024x631.png 1024w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_4-300x185.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_4-768x473.png 768w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2025\/06\/renko_4.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>This feature opens up new flexibility for MT5 users working with non-time-based chart types.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Unlimited_lot\"><\/span>Unlimited lot<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Each symbol in the Metatrader has the parameters set to the maximum allowable size of a single transaction (max. volume). However, when trading with a large deposit, this is a problem as even when assuming a low-risk trade, this limit is often reached. To solve this problem, we introduced an option in the program that would calculate the actual lot size based on the risk given without limits, and then submit several orders to have the requested amount open in total.<\/p>\n\n\n\n<p>For example, if we have a symbol for which the maximum volume is 50 lots, and according to the given risk, we should open a transaction of 80 lots, then the program will calculate the amount of the transaction equal to 80 lots, and when a BUY or SELL transaction is requested, the program will open two transactions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1st trade of 50 lots (max. allowable lot per transaction)<\/li>\n\n\n\n<li>2nd trade of 30 lots<\/li>\n<\/ul>\n\n\n\n<p>which will result in a total of 80 lots open trades.<\/p>\n\n\n\n<p>To activate this function, set \u201cUnlimited Lot\u201d = TRUE in the program parameters.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.forexfactory.com\/attachment\/image\/4307693?d=1665563928\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>However, you can define the size of a single part yourself in the Maximum Lot parameter.<\/p>\n\n\n\n<p>For example, we want to open a trade of 100 lots, but the selected symbol allows us to open a trade of max. size, e.g. 50 lots, then with the setting Unlimited Lot = true and Maximum Lot = 0 the program will open 2 orders of 50 lots (100 lots in total).<\/p>\n\n\n\n<p>If, however, we set Unlimited lot = true and Maximum Lot = 20, then the program will open 5 transactions of 20 lots.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.forexfactory.com\/attachment\/image\/4307692?d=1665563881\" alt=\"\" style=\"width:312px;height:40px\"\/><\/figure>\n<\/div>\n\n\n<p>See example video:<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Trade Manager MT4 &amp; MT5 - Unlimited Lot feature\" width=\"810\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/_rW0u5J_PdE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hotkeys\"><span class=\"ez-toc-section\" id=\"Hotkeys\"><\/span>Hotkeys<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Placing orders can be even faster and more convenient when we can use keyboard shortcuts. In the Trade Manager you can assign hotkeys to the most frequently used functions.<\/p>\n\n\n\n<p>For individual functions, you can define your own hotkey in the standard Trade Manager settings window:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"649\" height=\"615\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/hotkeys.png\" alt=\"\" class=\"wp-image-782\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/hotkeys.png 649w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/hotkeys-300x284.png 300w\" sizes=\"auto, (max-width: 649px) 100vw, 649px\" \/><\/figure>\n<\/div>\n\n\n<p>In the selected field, enter the key that is to be responsible for calling the function. You can use combinations with the Shift key. Then enter the word \u201cShift\u201d and the \u201c+\u201d sign and a key in the given field, e.g. \u201cShift+b\u201d (you have to type it).<\/p>\n\n\n\n<p>It is also possible to use the Esc key. Just define the key by typing Esc.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-red-color\">ATTENTION! The key combination with SHIFT DOESN&#8217;T WORK on MT4 MAC\/Linux terminal due to wine emulator issue. In this situation, keyboard shortcuts should be defined as independent keys (without using SHIFT), e.g. \u2018b\u2019, \u2018s\u2019, \u2018c\u2019, \u2018k\u2019, etc.<\/span><\/strong><\/p>\n\n\n\n<p>If you leave the field blank, then no shortcut key will be assigned to the function.<\/p>\n\n\n\n<p>The operation of keyboard shortcuts can be disabled by setting the &#8220;Hotkeys Enabled&#8221; parameter = FALSE.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/hotkeys1.png\" alt=\"This image has an empty alt attribute; its file name is hotkeys1.png\"\/><\/figure>\n<\/div>\n\n\n<p>You can define shortcut keys for the following functions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open Market BUY<\/li>\n\n\n\n<li>Open Market SELL<\/li>\n\n\n\n<li>Place Pending Order \u2013 first you have to draw the lines and then use the selected keyboard shortcut to place a pending order<\/li>\n\n\n\n<li>Draw Lines BUY \u2013 drawing an open\/stop\/target line with BUY direction where the mouse pointer is on the chart<\/li>\n\n\n\n<li>Draw Lines SELL \u2013 drawing an open\/stop\/target line with SELL direction where the mouse pointer is on the chart<\/li>\n\n\n\n<li>Change order direction \u2013 when you have drawn lines on the chart, you can switch direction buy to sell or sell to buy<\/li>\n\n\n\n<li>Auto Adjust To Current Price \u2013 activate or deactivate the function of automatic adjustment of the opening price to the current price<\/li>\n\n\n\n<li>Pin\/Unpin Stop Loss<\/li>\n\n\n\n<li>Pin\/Unpin Take Profit<\/li>\n\n\n\n<li>Pin\/Unpin All \u2013 pin or unpin Stop Loss and Take Profit<\/li>\n\n\n\n<li>Risk Reward Ratio \u2013 activate or deactivate the function to keep fixed RR for planned order<\/li>\n\n\n\n<li>OCO \u2013 activate or deactivate the function OCO (One Cancel the Others)<\/li>\n\n\n\n<li>Move SL To BE \u2013 move Stop Loss to Break for all orders or selected order<\/li>\n\n\n\n<li>Close Part of Order \u2013 close part of all orders or selected order<\/li>\n\n\n\n<li>Close All Market Orders<\/li>\n\n\n\n<li>Close Profitable Orders<\/li>\n\n\n\n<li>Close Losing Orders<\/li>\n\n\n\n<li>Close All Buy Orders<\/li>\n\n\n\n<li>Close All Sell Orders<\/li>\n\n\n\n<li>Delete All Pending Orders<\/li>\n\n\n\n<li>Delete Limit Orders<\/li>\n\n\n\n<li>Delete Stop Orders<\/li>\n\n\n\n<li>Turn On\/Off Part TP1, TP2, TP3, TP4 \u2013 activate\/deactivate partial profit levels<\/li>\n\n\n\n<li>Turn On\/Off Part SL1, SL2, SL3, SL4 \u2013 activate\/deactive partial loss levels<\/li>\n\n\n\n<li>Turn On\/Off Automatic BE \u2013 activate or deactivate automatic Break Even for all orders or selected order<\/li>\n\n\n\n<li>Turn On\/Off Automatic TS- activate or deactivate Trailing Stop for all orders or selected order<\/li>\n\n\n\n<li>Minimize\/Restore Panel<\/li>\n\n\n\n<li>Show Open Price Panel \u2013 opens the dialog window for entering the opening price of a pending order.<\/li>\n<\/ul>\n\n\n\n<p>Most shortcuts refer to the functions on the main panel, but there are functions such as \u201cMove SL to BE\u201d, \u201cClose Part\u201d or automatic BE or TS functions, which may apply to both general settings on the main panel and settings for a specific active\/placed order .<br>In this situation, the program checks whether we have an open window with the settings of a given order:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/order_setting_window.png\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>If the window for a selected order is displayed on the chart, in this situation the function eg \u201cMove SL to BE\u201d will be called only for this selected order.<br>If the order parameters window is not open, then the function is called on the main panel and applies to all transactions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"trading_alerts\"><span class=\"ez-toc-section\" id=\"Trading_Alerts\"><\/span>Trading Alerts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When the program manages your trades for you, you don&#8217;t have to sit in front of the screen all the time. However, if you want to be kept informed about what is happening with your transactions, then you can set notifications in the program. In the program settings, you can choose for which actions the program should send a notification:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open Market Order<\/li>\n\n\n\n<li>Close Market Order<\/li>\n\n\n\n<li>Place Pending Order<\/li>\n\n\n\n<li>Activate Pending Order<\/li>\n\n\n\n<li>Delete Pending Order<\/li>\n<\/ul>\n\n\n\n<p>In addition, you can choose the method of notification:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>sound notification along with a message on the screen<\/li>\n\n\n\n<li>sending an email<\/li>\n\n\n\n<li>sending a notification to a smartphone.<\/li>\n<\/ul>\n\n\n\n<p>To use notifications about trades to your mailbox, you must first configure your mail in the MT4 \/ MT5 platform.<br>To do this, on your MT4 \/ MT5 terminal go to menu Tools -&gt; Options and in the opened window go to the \u201cEmail\u201d tab.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/mt4_email_config.png\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>Check \u201cEnable email notifications\u201d and fill the following fields:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>SMTP server \u2013 the address of the SMTP server and port used. This server is used to send<br>emails. The record must be made in the following format \u201c[server web address]:[port]\u201d.<\/li>\n\n\n\n<li>SMTP login \u2013 login for authentication on the mail server. Usually it is an email address.<\/li>\n\n\n\n<li>SMTP password \u2013 password for authentication on the mail server (your mailbox password).<\/li>\n\n\n\n<li>From \u2013 the email address, from which the message will be sent.<\/li>\n\n\n\n<li>To \u2013 the email address, to which the message will be sent<\/li>\n<\/ul>\n\n\n\n<p>After filling the above fields, click the \u201cTest\u201d button to check if the sending of the message is working properly. You should receive a test message to your mailbox.<br>If everything works fine, confirm the configuration with the \u201cOK\u201d button and now you can start to use email notifications in the Trade Manager.<\/p>\n\n\n\n<p>Same with mobile notifications. You must first configure the ability to send notifications in the metatrader platform. Detailed instructions can be found here:&nbsp;<a href=\"https:\/\/www.metatrader5.com\/en\/terminal\/help\/startworking\/settings#notifications\" target=\"_blank\" rel=\"noopener\">https:\/\/www.metatrader5.com\/en\/terminal\/help\/startworking\/settings#notifications<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Include_spread_in_Stop_Loss_and_Take_Profit\"><\/span>Include spread in Stop Loss and Take Profit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Many traders in their strategies set fixed stop loss and take profit distances increased by the current Spread values. To avoid having to manually adjust the SL\/TP distance with the spread, we have added a feature to Trade Manager that automatically takes into account the spread value in the SL and TP distance at the time of placing the order.<\/p>\n\n\n\n<p>In the program configuration, in the \u201cSpread Multiplier\u201d field, you can specify the multiple of the spread value that should be taken into account when placing an order. Setting \u201cSpread Multiplier\u201d = 0 disables the function of including the spread in orders.<\/p>\n\n\n\n<p>If you set the value, e.g. 2, then when placing an order, the SL and TP distance will be increased by twice the spread value.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"325\" height=\"201\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/spread_multiplier_cfg.png\" alt=\"\" class=\"wp-image-642\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/spread_multiplier_cfg.png 325w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/spread_multiplier_cfg-300x186.png 300w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/figure>\n<\/div>\n\n\n<p>Let\u2019s take an example, we plan to set up a pending order with SL = 50 pips and TP = 50 pips and the current spread is 1.9 pips.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/spread_incl1.png\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>Therefore, when we click to place a pending order, then the program will automatically increase the SL and TP by 2\u00d71.9 pips = 3.8 pips<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/spread_incl2.png\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>Note that the program has also adjusted the trade size so as not to exceed the set trade risk.<\/p>\n\n\n\n<p>After placing the order, the program restored the original SL and TP values.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/spread_incl3.png\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>The functions can be used both when placing market and pending orders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Settings_Templates\"><\/span>Settings Templates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Trade Manager offers the option to save settings from the panel and create templates that can be quickly loaded. This is a highly useful feature for traders using different strategies on the financial markets, as it allows you to easily switch between various settings tailored to each strategy.<\/p>\n\n\n\n<p>The buttons to save and load settings are located on the left side of the main panel.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"265\" height=\"412\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_buttons.png\" alt=\"\" class=\"wp-image-827\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_buttons.png 265w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_buttons-193x300.png 193w\" sizes=\"auto, (max-width: 265px) 100vw, 265px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Creating_a_Settings_Template\"><\/span>Creating a Settings Template<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>To create a new template, follow these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Prepare the settings<\/strong> \u2013 Set all parameters in the main panel that you want to save.<\/li>\n\n\n\n<li><strong>Save the template<\/strong> \u2013 Click the button with a disk icon on the left side.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"181\" height=\"211\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_button_save.png\" alt=\"\" class=\"wp-image-829\"\/><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Name the template<\/strong> \u2013 A dialog box will appear where you can enter a name for your new template and confirm by pressing &#8220;OK.&#8221;<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"253\" height=\"139\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_dialog_save.png\" alt=\"\" class=\"wp-image-830\"\/><\/figure>\n<\/div>\n\n\n<p>If the name already exists, the program will ask if you want to overwrite the existing file. Click &#8220;Yes&#8221; to replace it with the new settings or &#8220;No&#8221; to enter a different name.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"428\" height=\"179\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_overwrite.png\" alt=\"\" class=\"wp-image-828\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_overwrite.png 428w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_overwrite-300x125.png 300w\" sizes=\"auto, (max-width: 428px) 100vw, 428px\" \/><\/figure>\n<\/div>\n\n\n<p>Once saved, you can easily load the template from the list of available templates.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Loading_a_Saved_Template\"><\/span>Loading a Saved Template<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>To load a saved template:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Click the folder icon on the left side of the main panel.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"181\" height=\"211\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_button_load.png\" alt=\"\" class=\"wp-image-831\"\/><\/figure>\n<\/div>\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li>A list of available templates will appear, sorted alphabetically. Templates marked as favorites (with a star) will appear at the top.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"252\" height=\"259\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_dialog_load.png\" alt=\"\" class=\"wp-image-832\"\/><\/figure>\n<\/div>\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li>Select a template by clicking on its name in the list.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Managing_Saved_Templates\"><\/span>Managing Saved Templates<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You can manage saved templates in the following ways:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Add to Favorites<\/strong> \u2013 Click the star icon next to the template name to make it appear at the top of the favorites list. The star will turn yellow. To remove the template from favorites, click the star again, which will turn gray.<\/li>\n\n\n\n<li><strong>Rename Template<\/strong> \u2013 Click the pencil icon next to the template name. In the dialog box, enter a new name and confirm by clicking &#8220;OK.&#8221; If the new name already exists, the program will ask if you want to overwrite it.<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"460\" height=\"265\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_rename.png\" alt=\"\" class=\"wp-image-833\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_rename.png 460w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_rename-300x173.png 300w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Delete Template<\/strong> \u2013 To delete a template, click the red &#8220;X&#8221; button next to the template name.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Loading_a_Default_Template_at_Program_Startup\"><\/span>Loading a Default Template at Program Startup<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Trade Manager allows you to automatically load a selected template at startup. To set a default template:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Enter the Trade Manager settings by pressing <strong>F7<\/strong>.<\/li>\n\n\n\n<li>In the &#8220;Trade Params&#8221; section, find the &#8220;Default Settings Template&#8221; option.<\/li>\n\n\n\n<li>Type the name of the template that should load automatically when the program starts.<\/li>\n<\/ol>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"605\" height=\"459\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_default_to_run.png\" alt=\"\" class=\"wp-image-834\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_default_to_run.png 605w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2024\/10\/settings_template_default_to_run-300x228.png 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Summary\"><\/span>Summary<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The template save and management function enables you to create different settings for various trading strategies, allowing quick switching between them. This feature helps you effectively manage strategies and adjust settings to meet your current trading needs.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Program_configuration_option\"><\/span>Program configuration option<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/div><\/div>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"222\" height=\"101\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/config.png\" alt=\"\" class=\"wp-image-783\"\/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Risk_Reward_Ratio\"><\/span>Risk Reward Ratio<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the Risk Reward Ratio field, you can specify a constant RR value that will be maintained by the program when you use the RR function:<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/btn_rr.png\" alt=\"\"\/><\/figure>\n<\/div>\n\n\n<p>More information on how the R:R feature works can be found here: <a href=\"#fixed-rr\" data-type=\"internal\" data-id=\"#fixed-rr\">Fixed Risk Reward Ratio<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Acceptable_risk\"><\/span>Acceptable risk %<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>If you set the lot size manually, the program shows the risk level for the planned transaction in the main panel. If you have a set level of maximum acceptable risk for one transaction, you can specify it in this field. Then the program will change the color of the text with the risk level when the designated level is exceeded. For more information, see <a href=\"#Lot_size_calculation\" data-type=\"internal\" data-id=\"#Lot_size_calculation\">Lot size calculation<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Include_commission\"><\/span>Include commission<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>More and more brokerage accounts have low or no spreads but a commission is charged when opening (and sometimes closing) the trade. This is the cost of the transaction and should be included in the transaction size calculations.<\/p>\n\n\n\n<p>In the Trade Manager, you can define a commission for each 1 lot of an opened transaction in the configuration field.<\/p>\n\n\n\n<p>ATTENTION! Enter the sum of the commission of the opening and closing of the transaction.<\/p>\n\n\n\n<p>This value is taken into account when calculating the transaction size and affects the SL and TP values \u200b\u200bin the account currency displayed in the block.<\/p>\n\n\n\n<p>In the program parameters you can turn on the \u201cAuto detect Commission\u201d function (set it to TRUE), so program will try to read the commission amount for 1 lot for the current symbol based on the order history in the moment of program run.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"533\" height=\"384\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/commission_autodetect.png\" alt=\"\" class=\"wp-image-646\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/commission_autodetect.png 533w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/commission_autodetect-300x216.png 300w\" sizes=\"auto, (max-width: 533px) 100vw, 533px\" \/><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Spread_Multiplier\"><\/span>Spread Multiplier<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Here you can specify the multiple of the spread value that should be taken into account when placing an order. Setting \u201cSpread Multiplier\u201d = 0 disables the function of including the spread in orders.<\/p>\n\n\n\n<p>If you set the value, e.g. 2, then when placing an order, the SL and TP distance will be increased by twice the spread value.<\/p>\n\n\n\n<p>More information can be found in the <a href=\"#Include_spread_in_Stop_Loss_and_Take_Profit\" data-type=\"internal\" data-id=\"#Include_spread_in_Stop_Loss_and_Take_Profit\">&#8220;Include spread in Stop Loss and Take Profit&#8221;<\/a> section<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Line_drawing_location_settings\"><\/span>Line drawing location settings<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Here you can define how the opening price line should be set by default when you plan to open a new trade. You have the following options:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>point of click<\/strong> &#8211; the opening price line is positioned exactly where you left-click<\/li>\n\n\n\n<li><strong>over\/below bar<\/strong> &#8211; the opening price line is placed above or below the selected candle<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"260\" height=\"285\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2023\/12\/config2.png\" alt=\"\" class=\"wp-image-784\"\/><\/figure>\n<\/div>\n\n\n<p>When you choose &#8220;below \/ over bar&#8221; to set the lines above or below the candle click the pencil icon on the main panel to draw lines on the chart and then select a candle and click on the top half of the candle to set the open price of the buy pending order at the top of the candle or click on the bottom half of the candle to set the sell open price at the bottom of the candle.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/10\/click-to-draw.png\" alt=\"\" class=\"wp-image-584\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/10\/click-to-draw.png 200w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/10\/click-to-draw-150x150.png 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/figure>\n<\/div>\n\n\n<p>In the &#8220;Bar distance&#8221; field you can also define the offset of the order opening price to the minimum or maximum of a selected bar \/ candle<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Default_lines_Stop_Loss_and_Take_Profit_distance\"><\/span>Default lines (Stop Loss and Take Profit) distance<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In this section of configuration you can set how the program should set default SL and TP distance relating to the opening price during the drawing the open \/ stop \/ target block on the chart.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"261\" height=\"403\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/def-lines-distance.png\" alt=\"\" class=\"wp-image-515\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/def-lines-distance.png 261w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/03\/def-lines-distance-194x300.png 194w\" sizes=\"auto, (max-width: 261px) 100vw, 261px\" \/><\/figure>\n<\/div>\n\n\n<p>You can choose from the drop down list:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NONE<\/strong> &#8211; that is remembering the last SL \/ TP distance<\/li>\n\n\n\n<li><strong>PIPS<\/strong> &#8211; i.e. always constant, the same distance defined in pips, i.e. even if you set different distances in the previous order, the next time you draw a block, the distances will be constant defined in the configuration<\/li>\n\n\n\n<li><strong>ATR<\/strong> &#8211; that is the distance SL \/ TP from the opening price as a multiple of the ATR value (you can set the multiplier next to the selection field).<\/li>\n<\/ul>\n\n\n\n<p>You can set the ATR parameters in the program settings window in the section &#8220;LINES DISTANCE&#8221; described <a href=\"#settings-lines-distance\" data-type=\"internal\" data-id=\"#settings-lines-distance\">here<\/a>.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"657\" height=\"421\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/atr_settings-2.png\" alt=\"\" class=\"wp-image-631\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/atr_settings-2.png 657w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/12\/atr_settings-2-300x192.png 300w\" sizes=\"auto, (max-width: 657px) 100vw, 657px\" \/><\/figure>\n<\/div>\n\n\n<p>You can set automatic, cyclical updating of Stop Loss and Take Profit distances based on the value of the ATR indicator.<\/p>\n\n\n\n<p>If you set <strong>&#8220;ATR Refresh Interval (sec.)&#8221; = 10<\/strong> then the program will be updating SL and TP distances for every 10 seconds, but If you set the <strong>&#8220;ATR Refresh Interval (sec.)&#8221; = 0<\/strong>, then the program will set the SL or TP distance only once when loading the program or each time you drawing a lines on the chart.<\/p>\n\n\n\n<p>Attention! The update works when we specify SL and TP distances as pips. Only when you have drawn lines is also an update when SL and TP is defined as price.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"config-texts\"><span class=\"ez-toc-section\" id=\"Texts_configuration\"><\/span>Texts configuration<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The texts on the bars can be freely defined in the program configuration tab. Separate texts can be defined for a planned order, for a market order and for a pending order.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"560\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-9.png\" alt=\"\" class=\"wp-image-552\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-9.png 800w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-9-300x210.png 300w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2022\/04\/image-9-768x538.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>The values to be displayed on the bars are defined with the following markers:<\/p>\n\n\n\n<p><strong>::op_price<\/strong> &#8211; open price e.g. 1.23964<br><strong>::op_dprice<\/strong> &#8211; open price distance as price e.g. 0.00059<br><strong>::op_pip<\/strong> &#8211; open price distance in pips e.g. 5.9<br><strong>::op_pt<\/strong> &#8211; open price distance in points e.g. 59<strong><br><strong>:<\/strong>:op_ipt<\/strong> &#8211; open price distance as an integer by omitting the decimal part. For example, a price difference between 22364.34 and 22331.11 will be shown as 33.<\/p>\n\n\n\n<p><strong>::tp_price <\/strong>&#8211; take profit e.g. 1.39649<br><strong>::tp_dprice <\/strong>&#8211; take profit distance as price e.g. 0.00139<br><strong>::tp_pip <\/strong>&#8211; take profit distance in pips e.g. 13.9<br><strong>::tp_point <\/strong>&#8211; take profit distance in points e.g. 139<strong><br><strong>:<\/strong>:tp_ipt<\/strong> &#8211; take profit distance as an integer by omitting the decimal part. For example, a price difference between 22364.34 and 22331.11 will be shown as 33.<br><strong>::tp_curr <\/strong>&#8211; take profit value in account currency e.g. $1648.33<br><strong>::tp_rcurr <\/strong>&#8211; take profit value in account currency without decimal places and currency symbol e.g. 1648<br><strong>::tp_bpct<\/strong> &#8211; take profit value as % of the account balance e.g. 5%<br><strong>::tp_epct <\/strong>&#8211; take profit value as % of the account equity e.g. 11%<br><strong>::tp_ttcurr <\/strong>&#8211; total TP amount in account currency including partial profits<br><strong>::tp_ttrcurr<\/strong> &#8211; total TP amount in account currency including partial profits without decimal places and currency symbol e.g. 1648<br><strong>::tp_tbpct <\/strong>&#8211; total TP amount as % of the account balance including partial profits<br><strong>::tp_tepct <\/strong>&#8211; total TP amount as % of the account equity including partial profits<\/p>\n\n\n\n<p><strong>::sl_price <\/strong>&#8211; stop loss e.g. 1.19694<br><strong>::sl_dprice <\/strong>&#8211; stop loss distance as price e.g. 0.00077<br><strong>::sl_pip <\/strong>&#8211; stop loss distance in pips e.g. 7.7<br><strong>::sl_point <\/strong>&#8211; stop loss distance in points e.g. 77<strong><br><strong>:<\/strong>:sl_ipt<\/strong> &#8211; stop loss distance as an integer by omitting the decimal part. For example, a price difference between 22364.34 and 22331.11 will be shown as 33.<br><strong>::sl_curr <\/strong>&#8211; stop loss value in account currency e.g. $732.10<br><strong>::sl_rcurr <\/strong>&#8211; stop loss value in account currency without decimal places and currency symbol e.g. 732<br><strong>::sl_bpct <\/strong>&#8211; stop loss value as % of the account balance e.g. 5%<br><strong>::sl_epct <\/strong>&#8211; stop loss value as % of the account equity e.g. 11%<br><strong>::sl_ttcurr <\/strong>&#8211; total SL amount in account currency including partial profits<br><strong>::sl_ttrcurr <\/strong>&#8211; total SL amount in account currency including partial profits without decimal places and currency symbol e.g. 1648<br><strong>::sl_tbpct <\/strong>&#8211; total SL amount as % of the account balance including partial profits<br><strong>::sl_tepct <\/strong>&#8211; total SL amount as % of the account equity including partial profits<\/p>\n\n\n\n<p><strong>::rrr <\/strong>&#8211; risk reward ratio e.g. 2.5. It calculates the ratio between TP distance and SL distance<br><strong>::prrr <\/strong>&#8211; shows the current RR ratio. It calculates the ratio between current price distance (to order open price) and SL distance (this is something like a current profit but as RR). Apply only for market orders.<br><strong>::islrrr <\/strong>&#8211; RR ratio to the initial Stop Loss. If we use Break Even or Trailing Stop in the order, this value will always be calculated in relation to the initial Stop Loss.<\/p>\n\n\n\n<p><strong>::pislrrr&nbsp;\u2013&nbsp;<\/strong>display the current profit ratio (the distance of the current price to the opening price of the trade) to the initial stop loss (the distance of the original SL to the opening price)<br><strong>::lots <\/strong>&#8211; calculated or current order lot<br><strong>::profit <\/strong>&#8211; profit of the current order (include commission and swap) e.g. 346.34<br><strong>::rprofit <\/strong>&#8211; profit of the current order without decimal places (include commission and swap) e.g. 346<br><strong>::bprofit <\/strong>&#8211; profit of the current order (exclude commission and swap) e.g. 346.34<br><strong>::rbprofit <\/strong>&#8211; profit of the current order without decimal places (exclude commission and swap) e.g. 346<\/p>\n\n\n\n<p><strong>::pbprofit<\/strong> \u2013 profit of the current order as % of the account balance e.g. 5.25%<br><strong>::peprofit<\/strong> \u2013 profit of the current order as % of the account equity e.g. 5.25% <\/p>\n\n\n\n<p><strong>::order <\/strong>&#8211; order type name<br><strong>::part_index <\/strong>&#8211; index of partial SL or TP<br><strong>::ticket <\/strong>&#8211; current order ticket<br><strong>::magicno <\/strong>&#8211; current magic number set for the order<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Description_of_program_parameters\"><\/span>Description of program parameters<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the Trade Manager settings window, you can define how the program should work and what the individual components of the program should look like.<\/p>\n\n\n\n<p>To display the program settings window, right-click anywhere on the chart and select &#8220;Expert Advisors&#8221; (MT4) lub &#8220;Experts List&#8221; and &#8220;Properties&#8221; from the context menu or simply press the F7 key.<\/p>\n\n\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"605\" height=\"355\" src=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/inputs.png\" alt=\"\" class=\"wp-image-501\" srcset=\"https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/inputs.png 605w, https:\/\/www.investsoft.eu\/blog\/wp-content\/uploads\/2021\/11\/inputs-300x176.png 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/figure>\n<\/div>\n\n\n<p>The individual parameters are described below.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-trade-params\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_TRADE_PARAMS_%E2%80%94%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- TRADE PARAMS &#8212;&#8212;&#8212;&#8212;-<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section, you define how the program should handle orders.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>&#8220;Only Current Symbol<\/strong>&#8221; &#8211; set to TRUE cause that the Trade Manager manages only trades opened for current symbol, FALSE value cause that program manages trade for different symbols<\/li>\n\n\n\n<li><strong>&#8220;Only Curr. Symbol &#8211; partial close&#8221;<\/strong> &#8211; this setting applies only to the partial close section and the value TRUE means to partially close only the trades for the symbol the Trade Manager is working on, the value FALSE means to partially close all open trades, regardless of the symbol.<\/li>\n\n\n\n<li><strong>&#8220;Only Current Magic No.&#8221;<\/strong> &#8211; set to TRUE to manage only trades with Magic Number defined in parameter &#8220;Magic Number&#8221;. FALSE means to manage trades regardless of Magic Number value.<\/li>\n\n\n\n<li><strong>&#8220;Only Pendings By Lines&#8221;<\/strong> &#8211; if you set this to TRUE, then when you plan to open a trade by drawing lines (open, stop and target) on the chart, you can only open a pending order (BUY or SELL button is disabled).<\/li>\n\n\n\n<li><strong>&#8220;Maximum Lot&#8221;<\/strong> &#8211; you can define here max. allowed lot size. If you try to open a trade with a larger lot, you will get a warning when clicking the button on the panel to open\/place an order. Value 0.0 turns off this option.<\/li>\n\n\n\n<li><strong>&#8220;Correct SL\/TP distance&#8221;<\/strong> &#8211; enabling\/disabling the automatic correction of Stop Loss and Take Profit distances in a market order in case of slippage at the opening of the transaction. More details <a href=\"#correction_sl_tp\" data-type=\"internal\" data-id=\"#correction_sl_tp\">here<\/a>.<\/li>\n\n\n\n<li><strong>&#8220;Magic Number&#8221;<\/strong> &#8211; an identifier that is assigned to the orders placed by the Trade Manager. When the program should manage only the transactions submitted by the panel (according to the settings), it selects orders on the basis of this number.<\/li>\n\n\n\n<li><strong>&#8220;Slippage&#8221;<\/strong> &#8211;  it is a difference between the expected price of a trade, and the price the trade actually executes at. Slippage often occurs during periods of higher volatility, when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade. Here you can define max deviation of the price.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-risk\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_RISK_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- RISK &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<strong>Auto detect Commission&#8221;<\/strong> &#8211; enabling\/disabling the option of automatic reading of the commission amount for 1 lot from the order history by the program.<\/li>\n\n\n\n<li><strong>&#8220;Acceptable Risk Color&#8221;<\/strong> &#8211; definition the color of risk % value in the main panel while lot size does not exceed the specified max. the risk value specified in the program configuration.<\/li>\n\n\n\n<li><strong>&#8220;Unacceptable Risk Color&#8221;<\/strong> &#8211; definition of the color risk % value in the panel to warn the trader while lot size is too large and exceeds acceptable risk amount (this value you can set config tab on the panel).<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-lines-distance\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINES_DISTANCE_%E2%80%94%E2%80%94%E2%80%94%E2%80%93\"><\/span>&#8212;&#8212;- LINES DISTANCE &#8212;&#8212;&#8212;&#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ATR Period <\/strong>&#8211; is the number of days, weeks, months, or years included for ATR calculations<\/li>\n\n\n\n<li><strong>ATR Timeframe<\/strong> &#8211; the time frame from which the ATR is computed<\/li>\n\n\n\n<li><strong>ATR Refresh Interval (sec.)<\/strong> &#8211; how frequently (in seconds) the program should update the SL and TP values in the panel based on the ATR value. Value 0 means no refreshing.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-panel\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_PANEL_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%93\"><\/span>&#8212;&#8212;- PANEL &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section you can define the appearance and behavior of the main panel and the panel for managing an open order.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>&#8220;Horizontal Alignment&#8221;<\/strong> &#8211; positioning the panel horizontally. We have the following options to choose from:\n<ul class=\"wp-block-list\">\n<li><strong><em>LEFT <\/em><\/strong>&#8211; a panel at the left edge of the chart (default option)<\/li>\n\n\n\n<li><strong><em>CENTER <\/em><\/strong>&#8211; a panel in the middle of the chart window<\/li>\n\n\n\n<li><strong><em>RIGHT<\/em><\/strong> &#8211; a panel at the right edge of the chart window<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>&#8220;Y distance&#8221; <\/strong>&#8211; distance of the panel from the top edge of the chart (in pixels)<\/li>\n\n\n\n<li><strong>&#8220;Font Color&#8221;<\/strong> &#8211; the color of the font in the panel<\/li>\n\n\n\n<li><strong>&#8220;Font Size&#8221;<\/strong> &#8211; font size in the panel<\/li>\n\n\n\n<li><strong>&#8220;Panel Zoom&#8221; <\/strong>&#8211; enlarge\/reduce the size of the panel. You can choose from: 80%, 100%, 125%, 150%, 175%, 200% and 250%<\/li>\n\n\n\n<li><strong>&#8220;Hide Lines After Order Fill&#8221;<\/strong> &#8211; automatically removing open\/stop\/target lines from the chart after placing an order<\/li>\n\n\n\n<li><strong>&#8220;Min. Panel After Order Fill&#8221;<\/strong> &#8211; automatically minimized panel after placing an order<\/li>\n\n\n\n<li><strong>&#8220;Order Window Location&#8221;<\/strong> &#8211; default location of the order panel. The following options are available:\n<ul class=\"wp-block-list\">\n<li><em><strong>At Open Bar<\/strong> <\/em>&#8211; display the panel next to the information bar near the order opening price<\/li>\n\n\n\n<li><em><strong>Center Chart<\/strong> <\/em>&#8211; display a panel in the middle of the chart<\/li>\n\n\n\n<li><strong><em>Last Location<\/em><\/strong> &#8211; display the panel in the last remembered location of the panel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>&#8220;Spread Display&#8221;<\/strong> &#8211; ways to display the spread on the main screen. We can choose from:\n<ul class=\"wp-block-list\">\n<li><strong><em>Disabled <\/em><\/strong>&#8211; hiding the spread field in the main panel and disabling the option of adding a spread to SL and TP<\/li>\n\n\n\n<li><strong><em>Pips <\/em><\/strong>&#8211; spread displayed in pips<\/li>\n\n\n\n<li><strong><em>Points <\/em><\/strong>&#8211; spread displayed in points<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-lines-orders\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINES_%E2%80%93_ORDERS_%E2%80%94%E2%80%94%E2%80%94%E2%80%93\"><\/span>&#8212;&#8212;- LINES &#8211; ORDERS &#8212;&#8212;&#8212;&#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section you can define default settings for the appearance of information bars placed at each opened order on the chart.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>&#8220;Active&#8221;<\/strong> &#8211; \u200b\u200bpossibility to enable or disable information bars for transactions.<\/li>\n\n\n\n<li>&#8220;<strong>Text Color&#8221;<\/strong> &#8211; font color.<\/li>\n\n\n\n<li><strong>&#8220;Background Market Buy&#8221;<\/strong> &#8211; The color of the bar background for the market order Buy.<\/li>\n\n\n\n<li><strong>&#8220;Background Market Sell&#8221;<\/strong> &#8211; the color of the bar background for the Sell market order.<\/li>\n\n\n\n<li><strong>&#8220;Background Pending Buy&#8221;<\/strong> &#8211; background color of the bar for the Buy stop \/ limit pending order.<\/li>\n\n\n\n<li><strong>&#8220;Background Pending Sell&#8221;<\/strong> &#8211; the color of the bar background for the Sell stop \/ limit pending order.<\/li>\n\n\n\n<li><strong>&#8220;Opacity Market Order&#8221;<\/strong> &#8211; background transparency of the market order bar.<\/li>\n\n\n\n<li><strong>&#8220;Opacity Pending Order&#8221;<\/strong> &#8211; background transparency of the pending order bar.<\/li>\n\n\n\n<li><strong>&#8220;Width&#8221;<\/strong> &#8211; the default width of the bar.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-lines\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINES_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%93\"><\/span>&#8212;&#8212;- LINES &#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section you will find settings that will allow you to define the appearance of the Open \/ Stop \/ Target block displayed when you plan to open an order.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Font &amp; Font size<\/strong> &#8211; the name and size of the font used on the bars<\/li>\n\n\n\n<li><strong>Fill opacity<\/strong> &#8211; transparency of fills between open \/ stop \/ target bars<\/li>\n\n\n\n<li><strong>Bars opacity<\/strong> &#8211; transparency of open \/ stop \/ target bars<\/li>\n\n\n\n<li><strong>Text opacity<\/strong> &#8211; transparency of texts<\/li>\n\n\n\n<li><strong>Target &amp; Stop fill color<\/strong> &#8211; the color of filling the space between the bars<\/li>\n\n\n\n<li><strong>Lines visibility<\/strong> &#8211; visibility of horizontal lines:<ul><li><strong><em>Disabled<\/em> <\/strong>&#8211; lines are never displayed<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><em><strong>On hover<\/strong><\/em> &#8211; lines appear when you hover the mouse over the block area<\/li>\n\n\n\n<li><strong><em>Always visible<\/em> <\/strong>&#8211; lines visible all the time whenever the block is on the chart<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Position <\/strong>&#8211; block position on the chart:<ul><li><em><strong>Unlimited <\/strong><\/em>&#8211; the ability to move the block across the entire chart area<\/li><\/ul>\n<ul class=\"wp-block-list\">\n<li><em><strong>At Newest Bar<\/strong><\/em> &#8211; fixed location of the block behind the newest candle. The distance from the latest candle can be defined in the &#8220;Position Offset to Bar&#8221; parameter.<\/li>\n\n\n\n<li><strong><em>Align Right<\/em> <\/strong>&#8211; fixed position of the block on the right edge of the chart<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Position Offset to Bar <\/strong>&#8211; block distance from the newest candle. The value is given as the width of the bar. Positive values \u200b\u200bmean that the left edge of the block is moved to the right of the current bar \/ candle. Negative values \u200b\u200bmean that the left edge of the block is moved to the left of the current bar \/ candle.<\/li>\n\n\n\n<li><strong>Bars Space Fill<\/strong> &#8211; TRUE means that the background is displayed between the open-target and open-stop bars. FALSE hides the background between the bars.<\/li>\n\n\n\n<li><strong>Icons Visible<\/strong> &#8211; TRUE displays reverse and pin icons on open \/ stop \/ target bars. FALSE hides icons.<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-lines-parts\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINES_%E2%80%93_PARTS_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%93\"><\/span>&#8212;&#8212;- LINES &#8211; PARTS &#8212;&#8212;&#8212;&#8212;&#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section you can find settings that allow you to define the appearance of the Partial TP and Partial SL bars in the Open \/ Stop \/ Target block<\/p>\n\n\n\n<ul id=\"block-a7fda561-7d18-4e2b-afb0-21dcac9c5b12\" class=\"wp-block-list\">\n<li><strong>Parts Visible<\/strong> &#8211; turn on\/off parts visualization on charts<\/li>\n\n\n\n<li><strong>Bars Background Visible <\/strong>&#8211; turn on\/off parts background bar<\/li>\n\n\n\n<li><strong>Bars Background Opacity<\/strong> &#8211; set opacity of parts background bar<\/li>\n\n\n\n<li><strong>Text Alignment<\/strong> &#8211; text alignment for partials<\/li>\n\n\n\n<li><strong>P.TP Fill Color <\/strong>&#8211; background bar fill color for unrealized TP parts<\/li>\n\n\n\n<li><strong>P.TP Hit Fill Color<\/strong> &#8211; background bar fill color for realized TP parts<\/li>\n\n\n\n<li><strong>P.TP Text Color <\/strong>&#8211; font color for TP parts<\/li>\n\n\n\n<li><strong>P.TP H. Line Width <\/strong>&#8211; horizontal line width for TP parts<\/li>\n\n\n\n<li><strong>P.TP H. Line Style<\/strong> &#8211; horizonstal line style for TP parts<\/li>\n\n\n\n<li><strong>P.SL Fill Color<\/strong> &#8211; background bar fill color for unrealized SL parts<\/li>\n\n\n\n<li><strong>P.SL Hit Fill Color<\/strong> &#8211; background bar fill color for realized SL parts<\/li>\n\n\n\n<li><strong>P.SL Color<\/strong> &#8211; font color for SL parts<\/li>\n\n\n\n<li><strong>P.SL H. Line Width<\/strong> &#8211; horizontal line width for SL parts<\/li>\n\n\n\n<li><strong>P.SL H. Line Style<\/strong> &#8211; horizonstal line style for SL parts<\/li>\n<\/ul>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-line-open\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINE_OPEN_%E2%80%94%E2%80%94%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- LINE OPEN &#8212;&#8212;&#8212;&#8212;&#8212;-<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-line-take-profit\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINE_TAKE_PROFIT_%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- LINE TAKE PROFIT &#8212;&#8212;&#8212;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-line-stop-loss\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_LINE_STOP_LOSS_%E2%80%94%E2%80%94%E2%80%94%E2%80%93\"><\/span>&#8212;&#8212;- LINE STOP LOSS &#8212;&#8212;&#8212;&#8211;<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"settings-prefix-suffix\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_PREFIX_SUFFIX_%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- PREFIX &amp; SUFFIX &#8212;&#8212;&#8212;-<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_HOTKEYS_%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- HOTKEYS &#8212;&#8212;&#8212;-<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section, you can define your own keyboard shortcuts for various program functions. For a detailed description, please refer to <a href=\"#hotkeys\" data-type=\"internal\" data-id=\"#hotkeys\">the <em>Hotkeys<\/em> section in the user manual<\/a>.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E2%80%94%E2%80%94-_ALERTS_%E2%80%94%E2%80%94%E2%80%94\"><\/span>&#8212;&#8212;- ALERTS &#8212;&#8212;&#8212;-<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>In this section, you can enable or disable notifications for various trading events on the platform.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>On Screen Alert<\/strong> \u2013 Displays a notification message on the screen along with a sound alert.<\/li>\n\n\n\n<li><strong>Email Alert<\/strong> \u2013 Sends a notification to your email inbox.<\/li>\n\n\n\n<li><strong>Notification on Mobile<\/strong> \u2013 Sends a push notification to your smartphone.<\/li>\n\n\n\n<li><strong>Open Market Order<\/strong> \u2013 Notifies you when a market order is opened.<\/li>\n\n\n\n<li><strong>Close Market Order<\/strong> \u2013 Notifies you when a market order is closed.<\/li>\n\n\n\n<li><strong>Place Pending Order<\/strong> \u2013 Notifies you when a pending order is placed.<\/li>\n\n\n\n<li><strong>Activate Pending Order<\/strong> \u2013 Notifies you when a pending order is activated.<\/li>\n\n\n\n<li><strong>Delete Pending Order<\/strong> \u2013 Notifies you when a pending order is deleted.<\/li>\n<\/ul>\n\n\n\n<p>For more information on configuring trading alerts, please refer to <a href=\"#trading_alerts\" data-type=\"internal\" data-id=\"#trading_alerts\">the <em>Trading Alerts<\/em> section in this user manual<\/a>.<\/p>\n\n\n\n<div class=\"is_cta_box\">\n  <div class=\"is_cta_title\">Get Trade Manager MT4 or MT5<\/div>\n  <div class=\"is_cta_text\">\n    Visit the official Trade Manager product page and get it for yourself. Choose MT4 or MT5 and start placing trades faster with built in lot size calculator.\n  <\/div>\n  <a class=\"is_cta_btn\" href=\"https:\/\/www.investsoft.eu\/forex-trade-manager-position-size-calculator.html?utm_source=blog&#038;utm_medium=cta&#038;utm_campaign=trade_manager&#038;utm_content=universal_bottom\">\n    Visit Trade Manager Website\n  <\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Trade Manager program is built to easily plan, place and manage orders on the Metatrader 4 and 5 platform.By using the Trade Manager program you can control your risk and you don&#8217;t have to sit in front of the monitor all the time managing your opened trades because the program will do it for you. In the Trade Manager program you get: This user guide is to provide a step-by-step instruction for you to become familiar with the operation of Trade Manager to support&#8230;<span class=\"clearfix clearfix-post\"><\/span><a href=\"https:\/\/www.investsoft.eu\/blog\/2021\/11\/30\/trade-manager-user-manual\/\" class=\"more-link\">Continue Reading <span class=\"screen-reader-text\">&#8220;Trade Manager MT5 and MT4 &#8211; user manual&#8221;<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[18,21,38,37],"class_list":["post-373","post","type-post","status-publish","format-standard","hentry","category-forex-trader_manager","tag-forex-trading","tag-trade-manager","tag-user-guide","tag-user-manual"],"_links":{"self":[{"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/posts\/373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/comments?post=373"}],"version-history":[{"count":78,"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/posts\/373\/revisions"}],"predecessor-version":[{"id":1034,"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/posts\/373\/revisions\/1034"}],"wp:attachment":[{"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/media?parent=373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/categories?post=373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investsoft.eu\/blog\/wp-json\/wp\/v2\/tags?post=373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}