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https://www.mql5.com/en/market/product/91553
TradeStops Supervisor is a straightforward, dynamic, volatility-adaptable stops-management device that may enable you to handle your open order’s stops successfully in keeping with your means. Most merchants are conscious that buying and selling the foreign exchange market is inherently dangerous and brings with it the potential for shedding cash anytime you enter a commerce, nevertheless, some merchants nonetheless appear to disregard cash administration by profiting from completely different stops. The truth that most merchants lose cash within the markets shouldn’t be actually stunning if you happen to think about that the majority merchants have no idea learn how to arrange the best, dynamic, adaptable stops within the face of present volatility out there. Do you wish to shut a particular order after a specified
- variety of candles,
- StopLoss Stage is reached,
- TakeProfit Stage is reached,
- proportion of fairness is reached,
- quantity of revenue is reached,
- quantity of loss is reached,
- TrailingStop degree is reached,
- time on each Friday is reached, or
- length of any open orders (in minutes)?
TradeStops Supervisor EA is the ample reply to all these questions or complications! In response to your specs or inputs, successfully and effectively, this EA will enable you to handle every order that has the EA hooked up to it.
WARNING!
1. Do always connect the TradeStops Supervisor EA to every instrument or forex pair that you simply wish to commerce!
2. Do not use TradeStops Supervisor EA with the identical Magic quantity to handle two orders of the identical forex pair concurrently on the identical chart moderately change its Magic Quantity and fix it to a completely different chart!
FEATURES OF TRADESTOPS MANAGER
1. Resistance-Assist (R-S) Inputs: This R-S relies on the chosen Timeframe. It’s used to fluctuate the pip-distance of the Resistance and Assist Ranges. These R-S could be hidden in. The Resistance-Assist (R-S) Ranges can be utilized to pick the TakeProfit (TP) and StopLoss (SL) for any order. Beneath: every numeric worth of M1, M2, …, M10 could be modified to any desired quantity in order to extend or lower the Pip-distance, TrailingLevels distances or Threat-to-Reward ratio.
- M1: 1.25
- M2: 2.50
- M3: 3.75
- M4: 5.00
- M5: 6.25
- M6: 7.50
- M7: 8.75
- M8: 10.00
- M9: 11.25
- M10: 12.00
The Resistance-Assist (R-S) Ranges and TrailingStops Ranges are depending on or delicate to the chosen Timeframe!
2. TakeProfit and StopLoss: The R-S could be chosen to configure the specified TP and/or SL.
- Purchase-TakeProfit: R10
- Purchase-StopLoss: S3
- Promote-TakeProfit: S10
- Promote-StopLoss: R3
The BreakEven, TakeProfit and StopLoss are depending on or delicate to the chosen Timeframe!
3. BreakEven: Every order, with the EA hooked up to it, has its BreakEven activated by the dynamic TrailingLevels.
4. Use-CloseTrade: Right here, trades are exited after specs concur. For instance:
- CloseTrade After X Minutes: 60; the open order is closed after 60 minutes (1 hour).
- CloseTrade After N bars: 24; the open order is closed after 24 full bars.
The CloseTrade After X Minutes and CloseTrade After N Bars are depending on or delicate to the chosen Timeframe!
5. Fairness-Trailing Stops: This function closes an order each time the Fairness reaches a specified degree
- Fairness-Trailing Begin (%): 7%; the EA begins trailing when the Fairness-P.c of an open order reaches 7% of the Stability.
- Fairness-Trailing Step (%): 1%; the Fairness-P.c trails at each 1% of the Stability.
6. Use-AutoClose Revenue/Loss: This function closes an order each time the Revenue or Loss reaches a specific degree. For instance:
- AutoCloseProfit (cash): +200 USD; Every open order, with the EA hooked up to it, shall be closed after its Revenue reaches +200 USD.
- AutoCloseLoss (cash): -200 USD; Every open order, with the EA hooked up to it, shall be closed after its Loss reaches -200 USD.
7. UseFridayClose: Every open order, with the EA hooked up to it, is closed on Friday at a specified hour and time.
8. Magic Quantity: 12345
9. Present Window: If set to “True”, then this shows vital Inputs on chart’s left-hand aspect.
10. Prefix and Suffix: The EA works with normal symbols & non-standard symbols like USDJPYm, USDJPYcc
11. Timeframe: Any timeframe could be chosen from the menu <Present, M1, M5, M15, M30, H1, H4, D1, W1, MN1>
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