Trade Manager 4 Lite

Trade Manager 4 Lite is trading panel developed with a goal to make manual trading in some (routine) task easier.

Main features of Trade Manager 4 Lite

• Trading for Forex and CFDs
• Support for 4 and 5 digit brokers
• 65 combinations to set order
• Set Take Profit, Stop Loss and entry level for Pending Order with lines positioned on the chart
• Break Even
• Trailing Stop Loss
• Multiple Pending Orders
• One Cancels the Other
• The possibility to set the maximum Spread value
• Close All (close all open positions)
• Close only Buy
• Close only Sell
• Close+ (close [all,buy,sell] positions in profit)
• Close- (close [all,buy,sell] positions in loss)
• Delete Pending Orders (by type)
• Choose Pips or Points for settings (only for Forex)
• Working in the back testing mode

Parameters

• ‌Magic Number
• [-1] - Will manage all open orders
• [0] - Will manage only open orders without Magic Number
• [Any number] - Will manage only open orders with specified Magic Number (opened orders by any Expert Advisor)
• Apply To - Current Symbol or All Symbols
• Language - only English now
• Theme
• Timeframe - force Trade Manager working only for specified Timeframe
• Chart Shift - set chart offset in % from the right side
• Lots
• we can set fixed Lot size
• or we can leave it empty (or zero) too and then Lot size will be calculated.

We can define Take Profit and Stop Loss in Trade Manager on 4 different ways.

• Take Profit [price] - based on exactly defined price
• Take Profit [pips/points] - based on the distance from market price specified by Pips/Points
• Take Profit [money] - based on amount of money we expect as our profit
• Take Profit [%] - based on percentage of our account balance
• Stop Loss [price]
• Stop Loss [pips/points]
• Stop Loss [money] - based on amount of money we want to risk
• Stop Loss [%]

How to set Take Profit and Stop Loss with fixed Lot size: video
How to set Take Profit, Stop Loss and Position Size: video

• Max Spread - allow to place order only when Spread is less than pre-set value
• Slippage - set Slippage for the order
• Order Comment
• Number of Pending Orders - how many Pending Orders will be placed
• First Distance for Pending Order - distance from the market price
• Step Between Pending Orders - distance (step) between next Pending Orders
• One Cancels the Other (OCO)
• Break Even - set this value to True if you want to activate Break Even, otherwise to False
• Trigger [pips/points] - set the distance in profit needed to trigger Break Even for the order
• Offset [pips/points] - set the offset from opening price after Break Even has been triggered
• Trailing Stop Loss - set this value to True if you want to activate Trailing Stop Loss, otherwise to False
• Trigger [pips/points] - set the distance in profit needed to trigger Trailing Stop Loss for the first time
• Frequency [pips/points] - set the frequency (next triggers) how often should Stop Loss move
• Step [pips/points] - set the step with which Stop Loss will move in the direction of the market

• Control Panel
• Toolbar Panel
• Dashboard Panel

• Pips or Points - choose Pips or Points (Forex only, for CFDs Pips=Points)
• Pips to Points - 1 Pip = 10 points (Forex only)

Change the following only when you know what you are doing:

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