Exit strategy is the key to success in the Forex market. However, few traders pay attention to it. This leads to losses. Without a normal plan to exit the market, you can not count on a stable profit. Given the importance of money and transaction management, we have two alternatives:

You can make a choice based on your funds and the time you are willing to spend on testing. If you are looking for an effective and fast solution, then it is here.

• Automated trailing stops for each open trade.
• Trailing stop allows you to lock in profits, even if you are not around.
• The most important thing is the protection of capital.
• By default, the FX Trade Manager sets the stop loss immediately after the trade is completed. This way, you don’t have to worry about drawdown.
• The features of the FX Trade Manager are listed in the screenshots (in English).
• The FX Trade Manager settings are grouped into four sections:

Sections:

I General

II Initial stop loss/take profit settings

III Changing and closing orders

IV Trailing stop methods

1. Select_Manage: 4 options.

• Disable (disable)
• This Pair Only)
• All Pairs (all pairs)
• Specific Pairs (some pairs)

2. Select_Manage_Order

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• All (all orders)
• By Magic Number (by Magic Number)
• By Comment (by comment)
• By Ticket (by ticket)
• By Magic