How EA Voyager trades. This indicator overlays the price action of several currency pairs on the same chart, and supports inverted pairs as well. If you don't and the EURO suddenly moves against your deals, you could be facing an unexpected big drawdown. All trading positions are controlled by a tight hidden stop order allowing you to minimize a drawdown and protect the deposit. It then manages those trades with dynamic stop losses and take profits also based on indicators. If the trader clicks "Yes" the position will be closed on the trader's behalf.

Rimantas Petrauskas founder of EA-Coder. These MT4 Apps can do some of the job for you like open timed orders, open orders on breakouts, close trades at specified time, etc. I never give any kind of false promises to my customers regarding profits earned upon the use of my software and I never claim revenue of millions. Most of my apps are semi-automated trading tools and do not make money all alone without human intervention. They only do what a human trader tells them to do and every Forex trader use them according to their own requirements.

Expert Advisor for Metatrader 4 platform that allows you to open trades fast with your preset parameters. Such trading apps are also known as 1-click traders. You can open at market or place pending orders immediately with one mouse button click. It can also place straddle pending orders and apply OCO function on them. TOC can calculate the right lot size for your trade when you choose to risk certain percentage or amount of money. Stop Loss and Take Profit can be set in pips or exact price.

Personally I love this tool and use it every day to open my positions. Learn more about Trader On Chart MyMT4Book is an add-on for MetaTrader 4 trading platform and it comes in a form of an indicator. Analyze your MT4 account with MyMT4Book instantly on the chart window without uploading your trading record online. Learn more about the MyMT4Book Analyzer Equity Sentry is a MT4 add-on to help you protect your deposit. The main function of the Equity Sentry is to close all trades and disable all Expert Advisors running on the MT4 terminal to prevent them from opening, modifying or closing any Free Equity and Drawdown Manager for Metatrader.

EA is designed to work with two lines. You will have manually draw trendlines or horizontal lines on the chart. Now with Smart Breakout technology this MT4 app will redraw trendline if the price only touch it but do not cross. Learn more about Trendline Trader Some forex brokers have a nasty habit of hunting for your stop loss and profit orders in a hope to adjust their spreads just at the right time to knock some of its users out of the trade. This is known as stop and limit order hunting.

The Stealth EA has the ability to hide your real stop loss and profit limit from the brokers so they cannot take this action or at least not take it at the right time. Learn more about Stealth EA Hedging the forex market can be quite an advanced strategy but with the Hedge EA you can take the headache out of hedging. Sell put and call options corn feature will automatically open a hedging trade in the opposite direction of the trade that is in a loss situation.

Limiting your losses in forex trading is the secret to long term success. Learn more about Hedge EA The most simple and easy to use Partial Close by Rimantas Petrauskas. The main idea of this EA is to apply partial close to your positions. EA will automatically find your open market positions and apply partial close according to your settings. Partial Close is simply an action to close only a part of your position. For example, if your trade lot size is 1. The most simple and easy to use Timed Exit EA to close all trades automatically at specific time each day hours:minutes:seconds.

The main idea of this EA is to automatically close trades daily at your specified time. For example if you set EA to close all trades atEA will do this each day when markets are open. This way you can set the EA to close all trades before the news. The system works just as well on VPS as it does on any computer. All the trades will be copied within a 0. Learn more about Local Trade Copier There are no back-testing results available because all of my MT4 Expert Advisors are trading tools that do not work without user intervention and most of them cannot even be used in Strategy Tester because they only do what a human trader tells them to do.

All software on my website are build as tools to help you in Forex trading. Before you make a purchase please read my Purchase Policy. Rimantas Petrauskas is the author, a Forex trader, programmer, entrepreneur, father and a husband. He has been creating software for currency trading and signal delivery sinceand has created hundreds of trading robots for his customers.

He strongly believes that with a Positive Mental Attitude we can achieve any goal. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy.

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision.

Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.

TOP Forex Blogs: List of Best Websites to Follow in No, I mean really, what the heck is up with all these Forex scams? MT5 is about to replace MT4 client terminal. Awful Forex Frauds and Scams Every Forex Trader Should Avoid. Tricky Ways Many Forex Brokers Cheat And Steal Your Money. More About Rimantas Petrauskas. This website uses cookies. If you close this notification or access to Free Equity and Drawdown Manager for Metatrader section of this webpage we will assume you have accepted cookies.

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money management & risk management on MT4

Equity Sentry EA can close all trades and prevent other Expert Advisors from opening new positions after your equity drops I will also send you a free copy of. (Free Margin = Equity Absolute Drawdown: Drawdown from the initial account balance; What can I find in my MT4 trading report?. Get the most relevant results for free metatrader.