Order Manager

Free

Developed By: OmSaiTech

In stock

Order Manager is a powerful VTL Expert Adviser for VertexFX trading system. Risk management is an important factor in Forex trading sector. To be in the sector for long time and earn profit one has to manage its risk properly. Order manager expert help trade in controls the profit and loss to maintain effective risk management. It allows traders to manage their profit and loss per trade in proportion with Account Balance.

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SKU: 1039 Categories: ,

Order Manager is a powerful VTL Expert Adviser for VertexFX trading system. Risk management is an important factor in Forex trading sector. To be in the sector for long time and earn profit one has to manage its risk properly. Order manager expert help trade in controls the profit and loss to maintain effective risk management. It allows traders to manage their profit and loss per trade in proportion with Account Balance.

Order Manager EA works with a pre-placed orders and control them with sitting TakeProfit (TP) and StopLoss (SL) which can be set with the help of configurable parameters like StopLossPercentage & TakeProfitPercentage. These parameter are set as a percentage of the total account balance amount.

The expert calculates the risk using the below method:
Risk is equal to Profit Divided by Account Balance If profit is less than zero & risk is greater than Stop-Loss percentage then the order will be closed. If profit is greater than zero & risk is greater than or equal to Take-Profit Percentage then the order will be closed.

Configurable Parameters:
ManageAllSymbol : Manage to all symbols by default its true
UseStopLoss : whether to use the stop-loss or not, by default it is True;
StopLossPercent : Exact value of Stop loss in percentage by default the value is set to 0.02
UseTakeProfit : whether to use Take Profit or not, by default it is True;
TakeProfitPercent: Exact value of Stop loss in percentage by default the value is set to 0.06

Important Note : Please make a note that this Expert does not open any buy or sell orders, but it comes in to action when any order is placed to control the profit and loss.

Usage

  • Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
  • Copy it to your company VertexFX Local VTL Files folder i.e. C:ProgramDataVertexFX Client Terminals”Company name”VTL10Local VTL Scripts
  • Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.

Additional information

Plugin-Type

Client VTL – Expert Advisor

Compatibility

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