Maximize Your Trading Efficiency with XP Forex Trade Manager for MT4

If you're trading on MetaTrader 4, the XP Forex Trade Manager is a game changer for managing your open orders. This handy tool takes the hassle out of trading by automatically setting your Stop Loss and Take Profit levels whenever you open a new order. Plus, as the market moves, it can adjust your Stop Loss to Break Even or implement a Trailing Stop to lock in those profits.

The Forex Trade Manager can manage orders for the current symbol where the Expert Advisor (EA) is active or for all your open trades, regardless of the symbol. It even offers a stealth mode, keeping your Stop Loss and Take Profit levels hidden from your broker, which can be a strategic advantage.

Key Features of the XP Forex Trade Manager

• Set Stop Loss and Take Profit: Easily configure these levels in pips for your trades.
• Trailing Stop: This feature trails your Stop Loss as the price moves, ensuring your profits are protected.
• Break Even: Move your Stop Loss to Break Even at a specified distance to safeguard your trades.

Parameters You Can Customize

SLTP Params

• Stop Loss - Set your Stop Loss in pips.
• Take Profit - Define your Take Profit in pips.

Break Even Settings

• UseBreakEven (true/false) - Enable the break-even function for your open trades.
• BEActivation - Profit in pips required to activate the break-even feature.
• BELevel - Additional distance in pips for placing the Stop Loss via the break-even function.

Trailing Stop Settings

• UseTrailingStop (true/false) - Enable the trailing stop feature for your open trades.
• TSStart - Profit in pips to activate the trailing stop function.
• TSStep - Minimum pip difference to adjust the Stop Loss using the trailing stop.
• TSDistance - Distance in pips for placing the Stop Loss when using the trailing stop function.

Behavior Settings

• StealthMode (true/false) - Hide your SL/TP levels from the broker, closing trades programmatically at those levels.
• OnlyCurrentPair (true/false) - Manage trades only from the current chart's symbol or all pairs.

Additional Information

All parameters for the trades and functions can be easily adjusted in the EA settings. The Forex Trade Manager also displays valuable information directly on your chart, including your current daily profit or loss in pips and your account currency.