This EA takes calculates the current account balance and based on user's input of risk and profit percentage , it can close trades either in profit or in loss .
This tool might be helpful to people who prefer this method in managing their positions .
Using Forex Trade Manager will improve your trading. Do you believe that placing orders should be as easy as feasible in marketplaces where prices can vary in a split second? You undoubtedly question how large a trade you should open when placing an order. How much of your initial investment should you risk on this particular trade? You perform the necessary calculations to determine the appropriate trade size before setting the transaction size.
Imagine having a tool that performs all of this work for you. You open a chart, conduct a market analysis, and mark the entry point, stop loss, and take profit with horizontal lines. You then establish the level.
By utilizing the Trade Manager in your regular trading, you can always be in control of your transactions and your account while also being aware of the dangers you are committing.
Inputs
Lotsize
Profitdeal
LossDeal
Profitdeal%
Lossdeal%
Lot commission(in$)
