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In trading day, every trader has their own strategy to make a trade position based on certain market condition. The trade-entry strategy is different from one trader to another; however, they have a similar need of how to place an order as soon as possible while they can strictly obey risk management rules in terms of trade volume, stoploss level and expected take profit.
In previous posts, we discussed how to setup Stoploss Options and Risk Management; these setup should be saved as a template which fit in your own trading plan. In this post, we will use the template to place a trade order in a few seconds as soon as we find a valid entry signal by using our robust EA. All details of the step are demonstrated in the video above, and below.
Note: MT4 Trade Manager EA works on tick-mode which means after traders make an action on chart, EA will get it done after a new tick comes (price changes). Therefore, after clicking on a button, kindly patient waits for a new tick, EA will do things accordingly.
1: Market Entries
Basically, there are 2 simple actions to place a market entry using Entry Parameters dashboard. Traders first select a suitable Stoploss Options, then click on SELL/BUY button to place an order accordingly as above screenshot.
2: Pending Entries – Limit or Stop Entries
There are 03 clicks to place a pending order as details in below screenshot.
For a pending Buy order: if the target price is greater than the current price, EA will place a Buy Stop order; otherwise, it will place a Buy Limit order.
For a pending Sell order: if the target price is lower than the current price, EA will place a Sell Stop order; otherwise, it will place a Sell Limit order.
Now, why don’t you get this EA for Free and try it by yourself, it takes you less than 01 minute to register for a license “click here“.
Thanks for reading !
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MT4 Trade Manager EA 