Trade Controller
This EA helps for managing open orders in MT 5. This EA will automatically sets Stop Loss and Take Profit for newly opened trade. As soon as the price move, then the EA automatically move Stop Loss to Break Even (stop loss = Entry price) or continuously trailing Stop Loss (Trailing Stop) to protect your profits. This EA can control orders for only current symbols (where EA works) or for all opened orders (regardless symbol) and hide the Stop Loss and Take Profit from brokers.
It’s a strategy for management of opened manual trades (opened on all symbols or only current chart’s symbol) by:
- You Can Stop Loss and/or Take Profit for the trades in pips
- You can use Trailing Stop function which trail SL by the price
- Go with Break Even which move SL to BE on chosen distance
SL/TP can be managed by the broker (standard way) or in stealth mode – hidden from the broker.
Parameters:
“SL and TP Parameters”
- Stop Loss – Stop loss in pips
- Take Profit – Take profit in pips
“Break even”
- Use Break Even (true/false) – allowing to use only break-even function for opened trades
- BE Activation – profit in pips when break even function is activated
- BE Level – additional distance from BE in pips when SL is placed by break even function
“Trailing Stop”
- Use Trailing Stop (true/false) – allowing to use only trailing stop function for opened trades
- TS Start – profit in pips when trailing stop function is activated
- TS Step – minimum difference in pips between new and current SL to allow to move SL by trailing stop function
- TS Distance – distance from current price in pips when SL is placed by trailing stop function
“Behavior”
- Stealth Mode(true/false) – hide sl/tp levels from the broker and EA is closing trades on those levels programmatically
- Only Current Pair (true/false) – allow management of trades only from current chart’s symbol (true) or from all pairs (false)
Info:
All parameters for trades and functions are settable in the parameters of the EA. The Forex Trade Manager also display on the chart an information about the current daily profit/loss in pips and account currency.
