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JForex Managing Orders Basic & Advanced are 2 Strategies very useful for managing open orders for semi-automatic trading. Everytime you take a position, Managing Orders will automatically place your "Take Profit" and "Stop Loss" to a preset level. It will later bring your "Stop Loss" to break even after the price moves to preset pips in profits. It will then manage the "Stop Loss" with the "Trailing Stop" step options. There is also an Advanced version available with voice messages. Watch the 2 parts tutorial video, you will see how usefull it can be for you !
Part 1 of 2 (Tech info) Part 2 of 2 (In action)
 
Partial Closing Options Now Available
Tutorial Video Here:
We are looking for a few beta testers for the new Managing Orders version with the partial closing options. Interested parties just use the contact us form Here
Input Definitions :
- Only_Chart_Symbol: If the box is checked, it will apply the inputs only to the currency pair (Symbol) the strategy program set in the instrument parameter. If the box is not checked, it will apply the inputs to all open currencies (symbols) on the platform. It is also possible to rename the strategy any number of times using different parameters on different pairs. Listen to the video for more details..
- SL: Stop Loss (if at 0 the Stop Loss feature is deactivated); SL will only put a Stop Loss in your order, if there is no other SL settings inside.
- TP: Take Profit (if at 0 the Take Profit feature is deactivated); TP will only put a Take Profit in your order, if there is no other TP settings inside.
- SL_Spread_Including: By checking the box, the spread at the moment of placing the order, will be added to the SL setting.
- BE_Trigger: Number of pips in profit before bringing the SL to the BE setting. (if at 0 the Break Even feature is deactivated)
- BE: Number of pips above the entry price the SL will move to if triggered. If you use negative values like "-10" your SL will be moved to your open price minus 10 pips after the BE_Trigger is reached.
- Trailing_Stop: Distance in pips the SL will follow the price if it continues moving in more profit. (if at 0 the Trailing Stop feature is deactivated)
- TS_Step: Number of pips between the SL adjustements to the trailing stop setting.
- TS_Trigger: the level of pips in profit before the Trailing_Stop is triggerred the first time.
- New_Filled_Order: If checked, a voice message will be generated each time a new filled order is opened. For Pending Orders opening there is only a sound after it is filled. (Advanced version only).
- New_Order_Closed: If checked, a voice message will be generated each time a filled order is closed. (Advanced version only).
- First_Time_SL_Over_Open_Price: If checked, a voice message will be generated first time the SL of a open order goes in profit above the entry price (Advanced version only).
- Position_Win_Loss: If checked, a voice message will be generated telling you the status in increment of 10 pips (in profit or loss) ranges your open orders are. There are 10 steps (10 - 100) for positive and negative distance ranges. If you get the sound "20 pips negative" your position can be in the range of minus 20 pips up to minus 29 pips (Advanced version only).
- Calculate_Every_Minutes: Number of minutes between the voice messages informing about the open orders status (Advanced version only).
- PC_Activated: You need to check this box for the partial options to be activated.
- PC_Start_Lot: In this box, you need to put the lot size that you want to use for first partially closing. Note that the lot size needs to be identical to the lot you are going to be triggering. If different, the partial orders options are not going to be triggered.
- PC_1_Lots: Here you put the lot size you want to close on first target. 0 will disable this partially closing.
- PC_1_Pips: Here you put in the number of pips in profit to be reached for the "PC_1_Lots" to be executed. (the profit needs to be 0,5 higher then this value to trigger).
- PC_2_Lots: Here you put the lot you want to close on second target. 0 will disable this partially closing.
- PC_2_Pips: Here you put the number of pips in profit to be reached for the "PC_2_Lots" to be executed. (the profit needs to be 0,5 higher then this value to trigger).
- Instrument: The currency pairs you want the parameters to control. Set to any pair if you check the "Only_Chart_Symbol".
- Period: Leave this parameter to default as it is not used in this stratgy.
 FREE for all Demo JForex users (Basic no sound)
FREE for all Live JForex users using Molecule6 as Introducing Agent (IA) at Dukascopy (Basic No sound)
47 USD via PayPal for all Live JForex users using Molecule6 as Introducing Agent (IA) at Dukascopy (Advance version with sound)
77 USD via PayPal for any one with a Live JForex Accounts using any other Introducing Agent (Advance version with sound)
For live trading, we need the Login of the JForex account so we can encode a Live version. Use the "Contact Us" form Here
Information, charts or examples contained in the videos is for illustration and educational purposes only. It should not be considered as advice or an endorsement to purchase or sell any currency pairs. We do not give investment advice.
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