Summary of Trade Manager TF Expert in MetaTrader 5 Download - 📥Free – [TradingFinder]
Main Financial Strategies and Features:
- Automated Trading: The tool allows traders to automate their trading processes by enabling the "Allow Automated Trading" option.
- Trade Management: The Trade Manager TF provides various tabs for managing trades, including:
- Trade Tab: For executing trades.
- Pending Tab: For setting up pending orders.
- Information Tab: Displays trade details.
- Partial Exit Tab: Allows for partial closing of positions.
- Breakeven and Trailing Setup Tab: For managing stop-loss and take-profit levels.
- Risk and Capital Management: Users can set stop-loss and take-profit levels in various formats (Pips, ticks, price).
- Trailing Stop Settings: The tool supports multiple indicators (e.g., moving averages, ATR, fractals) for setting trailing stops based on market conditions.
- Magic Panel: Allows selection of trade volume based on lots, percentages, or dollar amounts and facilitates easy trade execution.
Step-by-Step Guide:
- Download and Install: Download the Trade Manager TF Expert from the TradingFinder website and install it on MetaTrader.
- Enable Automated Trading: Ensure the "Allow Automated Trading" option is checked.
- Execute the Expert: Drag the expert file onto the trading chart.
- Manage Trades:
- Use the Trade Tab to execute buy/sell positions.
- Set up pending orders through the Pending Tab.
- Adjust stop-loss and take-profit levels by dragging them on the chart.
- Utilize Trailing Stops:
- Access the Breakeven and Trailing Setup Tab to configure trailing stop settings based on chosen indicators.
- Use the Magic Panel: Select trade volumes and execute trades quickly.
- Close Positions: Use the Close All option or the Close 50% option to manage open trades efficiently.
Presenters/Sources:
- The video is presented by TradingFinder.
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Category
Business and Finance