Order Supervisor MT4 product web page
To run the Order Supervisor for the primary time within the Metatrader choice dialog (Ctrl+O) tick the “Enable automated buying and selling” choice within the “Professional Advisors” tab, then connect the Order Supervisor to the chart, and within the “frequent” tab of knowledgeable properties dialog tick “Enable dwell buying and selling ” choice.
The 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 obtainable modes:
- P.c stability: Calculates order quantity primarily based on a given proportion of account stability and commerce cease loss distance.
- P.c fairness: Calculates order quantity primarily based on a given proportion of account fairness and commerce cease loss distance.
- P.c free margin: Calculates order quantity primarily based on a given proportion 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.
- Mounted lot dimension: Set your required lot dimension for order quantity.
Set danger worth in accordance with the chosen danger mode.
Click on on Purchase or Promote button. Purchase and Promote button texts will probably be up to date primarily based on the place of strains between 6 order varieties.
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 will probably 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 can even 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 dimension”.
Set the “Trailing begin” line on the value that you simply need to activate the trailing cease.
Set the “Trailing dimension” 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 may change that in knowledgeable 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 directly with completely different take income.
If the chance mode is “Mounted Lot” the lot dimension of trades would be the lot worth that you simply specified however for those who set lot calculator mode to the opposite 4 modes for instance P.c Steadiness, the commerce supervisor splits the calculated lot dimension between the variety of trades.
You may take away TP strains by urgent the “-TP” button.
Add Partial Shut strains:
You may 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 note line coloration adjustments whenever 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 obtainable order within the present chart it is going to be chosen and all the 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 via obtainable orders of the present image.
Word: For breakeven, trailing cease, and partial shut settings to work, the order supervisor should be operating.
Within the “Shut” tab choose an order in the identical method 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 shedding 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.
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 helpful for many instances.
Slippage factors: Most value slippage for purchase or promote orders. This setting solely applies to accounts with instantaneous order execution. Information on varieties 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)
- Mounted 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.
- Mounted 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: Enhance 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 dimension.
Panel Font Dimension: Set the font dimension for button labels.
Strains Information Font Dimension: Set font dimension for the strains information 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.
In case you have any questions concerning the device ask me within the feedback or personal message.