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MT4 Managing Orders Basic & Advanced are 2 Expert Advisors 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)
 
Input Definitions :
- Digits_5_Account: Set at "true", if you have a account that has 5 digits after the decimal point for EURUSD. Set to "false", if you have an account that has 4 digits after the decimal point for EURUSD. Note that if you are using a 5 digits after the decimal point you need to ad another digit to the values. For example, if you want 30 pips you need to put 300.
- Only_Chart_Symbol: If set at "true", it will apply the inputs only to the currency pair the expert program is attached to. If set at "false", it will apply the inputs to all currencies (symbols). So starting more then once in different charts is possible to have different inputs for SL,TP, etc for different currencies.
- 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 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 settings inside.
- 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 set at "true", 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 set at "true", a voice message will be generated each time a filled order is closed. (Advanced version only).
- First_Time_SL_Over_Open_Price: If set at "true", 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 set at "true", 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).
 FREE for all Demo MT4 users using any MT4 broker (no sound)
FREE for all Live MT4 users using Molecule6 as Introducing Agent (IA) at Dukascopy (No sound)
47 USD via PayPal for for all Live MT4 users using Molecule6 as Introducing Agent (IA) at Dukascopy (Advance version with sound)
77 USD via PayPal for any one with a Live MT4 Accounts using any broker (Advance version with sound)
For live trading, we need the MT4 Account Number 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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