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What is Forex Trade Manager?

To place an order in Metatrader, one must access a specific interface where they can enter details such as the opening price, stop loss, take profit, and trade size. Capital management is vital in financial trading to safeguard your initial funds and facilitate gradual growth. Before deciding on the appropriate trade size, it's essential to conduct calculations to determine how much you should invest. For scalpers who need the agility to rapidly open and close trades without setting stop losses or profit targets, the Trade Manager panel offers an effective solution by allowing fixed order parameters for swift execution. Furthermore, this panel enhances the process of managing orders by permitting users to close all positions with a single click or selectively delete certain pending orders based on their profitability. This flexibility not only saves time but also empowers traders to make quick decisions, highlighting the Trade Manager's significance in enhancing trading efficiency. Ultimately, its user-friendly features cater to the fast-paced nature of trading, making it an essential asset for those who seek to optimize their performance in the markets.

What is BF Smart Scalper EA?

The BF Smart Scalper EA, while seemingly straightforward, is grounded in a fundamental trading concept that has stood the test of time in the markets: making entries in the direction of a significant market impulse after observing a meaningful correction. This approach taps into the inherent psychology of traders, a factor that remains unchanged over time. To mitigate the risks associated with over-optimization, we designed BF Smart Scalper EA to be as uncomplicated and user-friendly as possible. Below, you will find the backtest results for our forex robot, BF Smart Scalper, specifically utilizing the currency pairs GBPUSD and USDCHF. Additionally, it supports other pairs like EURUSD and is fully compatible with all MetaTrader 4 brokers, including those operating on an ECN model, with no need for adjustments to the default settings. The EA allows for flexible risk management, enabling users to select an auto money management risk level from 2% (low risk) to 10% (high risk), depending on their account size and financial objectives, with recommended fixed lot sizes of 0.05 for a $1,000 balance and 0.5 for a $10,000 balance. If you choose to trade multiple currency pairs simultaneously, it is advisable to lower the risk to maintain a balanced approach to trading. This comprehensive framework ensures that traders can navigate the complexities of the forex market with confidence and clarity.

Media

Media

Integrations Supported

MetaTrader 4
MetaTrader 5

Integrations Supported

MetaTrader 4
MetaTrader 5

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$97 one-time payment
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Forex Trade Manager

Company Location

United States

Company Website

www.mql5.com/en/market/product/37228

Company Facts

Organization Name

FXautomater

Company Website

www.fxautomater.com/forex-robots/bf-smart-scalper-ea

Categories and Features

Categories and Features

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