{"id":5681,"date":"2020-10-23T17:18:00","date_gmt":"2020-10-23T15:18:00","guid":{"rendered":"https:\/\/www.investsoft.eu\/shop\/?p=5681"},"modified":"2022-01-26T14:12:38","modified_gmt":"2022-01-26T13:12:38","slug":"trade-manager-mt4-mt5-whats-new-in-ver-2-40","status":"publish","type":"post","link":"https:\/\/investsoft.eu\/shop\/2020\/10\/23\/trade-manager-mt4-mt5-whats-new-in-ver-2-40\/","title":{"rendered":"Trade Manager MT4\/MT5 \u2013 What&#8217;s new in ver. 2.40"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; max_width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.14.6&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<strong>OCO (One Cancels the Other)<\/strong><\/p>\n<p>A one-cancels-the-other order (OCO) is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled.<\/p>\n<p>After activating the OCO function, Trade Manager \u201cremembers\u201d all pending orders and when one of them is activated, the rest are deleted.<\/p>\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"260\" height=\"163\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/oco.png\" alt=\"\" class=\"wp-image-325\" \/><br \/>\n&nbsp;<figcaption>A one-cancels-the-other order (OCO) button on the Trade Manager\u2019s panel<\/figcaption><\/figure>\n<\/div>\n<p><strong>WARNING!<\/strong><span>\u00a0<\/span>Removing one of the orders does not cancel the other ones, but only activation the pending order will do it.<\/p>\n<p><strong>Drawing and clearing lines (open, stop and target) is on the one button<\/strong><\/p>\n<p>After drawing the open, stop and target lines on the chart, the pencil icon changes to an eraser icon that can be removed from the chart.<br \/>\n&nbsp;<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"227\" height=\"50\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/clear_lines.png\" alt=\"\" class=\"wp-image-331\" \/><figcaption>button with an eraser icon<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>When the lines are removed from the graph, the button icon turns back to a pencil.<\/p>\n<div class=\"wp-block-image\">\n&nbsp;<\/p>\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"223\" height=\"43\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/cleared_lines.png\" alt=\"\" class=\"wp-image-332\" \/><figcaption>button with a pencil icon<\/figcaption><\/figure>\n<\/div>\n<p><strong><\/strong><\/p>\n<p><strong>Trailing stop: activation parameter as% of distance to TP and parameter trailing as protection of% of earned profit.<\/strong><\/p>\n<p><strong><\/strong><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"225\" height=\"109\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/ts_percent.png\" alt=\"\" class=\"wp-image-333\" \/><\/p>\n<p><span style=\"font-size: 16px;\">Trailing stop settings<\/span><figcaption><\/figcaption><\/figure>\n<\/div>\n<p>Trailing stop Start can be set as% of distance to TP, e.g. if TP = 30 pips and Start = 75% then trailing start after 75% of 30 pips = 22.5 pips<\/p>\n<p>Also \u201cTrailing\u201d parameter can be set as% of earned profit, so let\u2019s back to our example:<br \/>\nTP = 30 pips<br \/>\nStart = 75%<br \/>\nTrailing = 50%<br \/>\nwhen the trailing stop is activated at 22.5 pips profit, the stop will be moved to a distance of 11.2 pips, which protects 50% of the current profit (50% of 22.5 pips)<\/p>\n<p><strong>Ability to disable button to open market orders when lines (open, stop and target) are drawn on the chart (pending orders only)<\/strong><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"598\" height=\"387\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/disable_market_orders.png\" alt=\"\" class=\"wp-image-334\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/disable_market_orders.png 598w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/disable_market_orders-300x194.png 300w\" sizes=\"(max-width: 598px) 100vw, 598px\" \/><span style=\"font-size: 16px;\">\u00a0<\/span><\/p>\n<p>&nbsp;<figcaption>Trade Manager settings \u2013 disable market orders button when lines are drawn<\/figcaption><\/figure>\n<\/div>\n<p>In the Trade Manager settings window, you can disable the possibility of placing market orders when the lines are drawn on the chart:<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"260\" height=\"160\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/disable_market_orders_button.png\" alt=\"\" class=\"wp-image-335\" \/><\/p>\n<p><span style=\"font-size: 16px;\">Market order button disable when lines are drawn<\/span><\/p>\n<\/figure>\n<\/div>\n<p><strong>Ability to set max. lot size. If this size is exceeded, a warning message box will appear.<\/strong><\/p>\n<p>In the Trade Manager settings window, you can set max. allowed lot size.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"598\" height=\"387\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/max_lot.png\" alt=\"\" class=\"wp-image-336\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/max_lot.png 598w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/max_lot-300x194.png 300w\" sizes=\"(max-width: 598px) 100vw, 598px\" \/><\/p>\n<p>&nbsp;<figcaption>Trade Manager settings \u2013 max acceptable lot<\/figcaption><\/figure>\n<\/div>\n<p>If you want to place an order and the lot is greater than the one set in the parameters, a message appears asking if you really want to open such a large order:<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"391\" height=\"147\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/msgbox.png\" alt=\"\" class=\"wp-image-337\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/msgbox.png 391w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/msgbox-300x113.png 300w\" sizes=\"(max-width: 391px) 100vw, 391px\" \/><figcaption>Information about exceeded lot<\/figcaption>&nbsp;<\/p>\n<\/figure>\n<\/div>\n<p><strong>New items displayed on lines<\/strong><\/p>\n<p>Display on the lines the amount value in the account currency of the stop and target without cents using the tags<span>\u00a0<\/span><strong>::sl_rcurr<\/strong><span>\u00a0<\/span>and<span>\u00a0<\/span><strong>::tp_rcurr<\/strong><\/p>\n<p>Display stop and target as a % of the account balance or equity using tags<br \/>\n<strong>::sl_bpct<\/strong><span>\u00a0<\/span>i<span>\u00a0<\/span><strong>::tp_bpct<\/strong><span>\u00a0<\/span>-% of the account balance<br \/>\n<strong>::sl_epct<\/strong><span>\u00a0<\/span>i<span>\u00a0<\/span><strong>::tp_epct<\/strong><span>\u00a0<\/span>-% of the account equity<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"614\" height=\"495\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/line_settings.png\" alt=\"\" class=\"wp-image-338\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/line_settings.png 614w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/line_settings-300x242.png 300w\" sizes=\"(max-width: 614px) 100vw, 614px\" \/><\/p>\n<p>&nbsp;<figcaption>Trade Manager \u2013 lines\u2019 text configuration<\/figcaption><\/figure>\n<\/div>\n<p><strong>The 3rd option for setting the distance of partial order closing and breakeven activation: Risk Reward (rr)<\/strong><br \/>\n&nbsp;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"823\" height=\"581\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3-1.png\" alt=\"\" class=\"wp-image-339\" srcset=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3-1.png 823w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3-1-300x212.png 300w, https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/part_close_example3-1-768x542.png 768w\" sizes=\"(max-width: 823px) 100vw, 823px\" \/><\/p>\n<p>&nbsp;<figcaption>Example of partial closing with using Risk Reward distance calculation<\/figcaption><\/figure>\n<p><strong>Break even offset as% of earned profit (\u201cProfit\u201d parameter)<\/strong><\/p>\n<p>As in the case of trailing stop, we can set the \u201cProfit\u201d parameter for Breakeven as a percentage to protect, for example, 25%, 30%, 45%, etc., of the already earned profit, i.e. as in the example below:<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"260\" height=\"117\" src=\"https:\/\/investsoft.eu\/blog\/wp-content\/uploads\/2020\/10\/be_percent.png\" alt=\"\" class=\"wp-image-340\" \/><figcaption>Break even settings<\/figcaption><\/figure>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Break even will be activated after 50 pips and the stop will be moved to 5 pips (protection of 10% of earned profit).[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OCO (One Cancels the Other) A one-cancels-the-other order (OCO) is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. After activating the OCO function, Trade Manager \u201cremembers\u201d all pending orders and when one of them is activated, the rest are deleted. &nbsp; A one-cancels-the-other order (OCO) [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[82],"tags":[],"class_list":["post-5681","post","type-post","status-publish","format-standard","hentry","category-forex-trade-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>InvestSoft - Forex EA | Forex Indicators | Forex Tools<\/title>\n<meta name=\"description\" content=\"We are a team of traders and developers who create the best Forex Expert Advisors, Forex Robots, Forex Indicators, Forex Tools for MT4 &amp; MT5.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investsoft.eu\/shop\/2020\/10\/23\/trade-manager-mt4-mt5-whats-new-in-ver-2-40\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InvestSoft - 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