Order Supervisor MT4 product web page
To run the Order Supervisor for the primary time within the Metatrader possibility dialog (Ctrl+O) tick the “Permit automated buying and selling” possibility within the “Knowledgeable Advisors” tab, then connect the Order Supervisor to the chart, and within the “frequent” tab of professional properties dialog tick “Permit reside buying and selling ” possibility.
The right way to place a commerce:
Within the Open tab click on on the “Present Strains” button. Set enter, cease loss, and take revenue strains at desired ranges.
Set danger calculator mode to one of many 5 accessible modes:
- P.c stability: Calculates order quantity primarily based on a given share of account stability and commerce cease loss distance.
- P.c fairness: Calculates order quantity primarily based on a given share of account fairness and commerce cease loss distance.
- P.c free margin: Calculates order quantity primarily based on a given share of account free margin and commerce cease loss distance.
- Money quantity: Calculates order quantity primarily based on a given money quantity of account foreign money and commerce cease loss distance.
- Fastened lot measurement: Set your required lot measurement for order quantity.
Set danger worth in keeping with the chosen danger mode.
Click on on Purchase or Promote button. Purchase and Promote button texts might be up to date primarily based on the place of strains between 6 order sorts.
Add Breakeven line:
Earlier than clicking on the purchase or promote button, you may set a breakeven line by clicking on the “+BE” button.
When the value hits this stage order cease loss might be moved to the open value.
After urgent the “+BE” button its identify adjustments to “-BE”. Press it once more to take away the BE line.
You may also add BE to operating trades within the “Modify” tab. Extra on that later.
Add Trailing Cease strains:
By clicking on the “+TS” you see two strains named “Trailing begin” and “Trailing measurement”.
Set the “Trailing begin” line on the value that you simply need to activate the trailing cease.
Set the “Trailing measurement” line relative to the trailing begin line primarily based on the specified distance between the cease loss and present value after trailing activation.
The default trailing step is 10 factors. You’ll be able to change that in professional properties.
Add extra take revenue strains:
By clicking on the “+TP” button you may add and set take revenue strains in no matter quantity that you simply like.
While you set a number of take income commerce supervisor opens a number of trades without delay with completely different take income.
If the danger mode is “Fastened Lot” the lot measurement of trades would be the lot worth that you simply specified however in the event you set lot calculator mode to the opposite 4 modes for instance P.c Stability, the commerce supervisor splits the calculated lot measurement between the variety of trades.
You’ll be able to take away TP strains by urgent the “-TP” button.
Add Partial Shut strains:
You’ll be able to add partial shut strains with the “+PC” button. Set the road on the desired stage.
It may be set as revenue partial shut or loss partial shut. You will notice line shade adjustments if you drag the road above and under the entry value line.
Modifying an order:
Within the Modify tab by clicking on the “Choose Order” button if there may be accessible order within the present chart it is going to be chosen and the entire property strains of that order will present up.
Add, take away, or change any of the strains then click on on Apply button.
By clicking on the choose button a number of instances you may cycle by accessible orders of the present image.
Be aware: For breakeven, trailing cease, and partial shut settings to work, the order supervisor should be operating.
Closing trades:
Within the “Shut” tab choose an order in the identical means as within the “Modify” tab then shut it completely or a part of it by clicking on the suitable button.
There are additionally buttons to shut orders in a gaggle:
- Shut/Del All: Closes and deletes all open and pending orders of the present image.
- In Revenue/In Loss: Closes worthwhile trades or dropping trades.
- Buys/Sells: Closes operating purchase or promote orders.
- Del Buys/Del Sells: Deletes purchase or promote pending orders.
- Shut/Delete All in All: Closes and deletes all open and pending orders of all symbols.
EA settings:
Pending Order Expiry (Hours): Set what number of hours a pending order exists if not activated. The default worth is zero means no expiration restrict.
Trailing Step (factors): Variety of value factors between every cease loss transfer in cease loss trailing. The default worth is really useful for many circumstances.
Slippage factors: Most value slippage for purchase or promote orders. This setting solely applies to accounts with immediate order execution. Data on kinds of execution right here.
Order Remark: Kind order remark right here.
Line Snap Mode: Select between 3 line snap modes:
- TP RR Ratio: Take Revenue Reward to Danger ratio mode. On this mode, take revenue strains snap to RR calculated ranges primarily based on the place of the cease loss line. Set RR ratio within the “Line Snap Worth” area. (under)
- Fastened factors from entry line: On this mode, all strains snap to a set distance stage calculated from the Entry line. Set distance in factors within the “Line Snap Worth” area.
- Fastened factors from Bid value: All strains snap to a set distance stage calculated from the Bid value. Set distance in factors within the “Line Snap Worth” area.
Line Snap Worth: Set the worth of the road snap mode right here.
Line Snap Sensitivity: Improve or lower the snap sensitivity in 5 ranges.
Commerce Affirmation Dialog: If true a affirmation dialog seems earlier than opening, modifying, or closing a commerce.
Panel Scale: Select between 4 scales for the Order Supervisor panel, primarily based in your monitor measurement.
Panel Font Dimension: Set the font measurement for button labels.
Strains Data Font Dimension: Set font measurement for the strains data textual content.
MagicNumber: Magic quantity for the Order Supervisor EA. To work with orders that you simply didn’t open with this supervisor set the magic quantity to 0.
Obtain the demo model under. The Demo model solely works in demo accounts.
You probably have any questions in regards to the software ask me within the feedback or non-public message.
