MT4 Lite Trade Manager V.3.0 User Manual
Contents
1. F Disable experts when the profile has been changed live trading Ask manual confirmation aiv DLL imports r E Confirm DLL function calls extemal experts imports Click OK to apply changes Check if Expert Advisors are enabled to run f File View Insert Charts Tools Window Help T Eh 6 Gm E A amp Neworder A ever ado Expert Advisors are disabled Click on the button to enable f File View Insert Charts Tools Window Help T aE 6 Se D A D new order G exert advisor Expert Advisors are enabled Ready to go MTA Lite Trade Manager V 3 13 www MT4TradeManager com au Now you most likely can see the happy face in the upper right corner indicating that MT4 Lite Trade Manager v works properly MT4 Lite Trade Man MT4 Lite Trade Manager V 3 14 www MT4TradeManager com au Settings Line distance in pips it determines the pip distance of the lines from the actual price when the script is initialised Money Management if it is TRUE the script calculates the position size based on the Risk percentage of the Account Balance for each trade individually If it is FALSE the script uses the Lot size set instead Risk based on Account Balance if it is TRUE the script calculates the Risk based on the Account Balance If it is FALSE it calculates the Risk based on the Equity Balance Risk set the risk you intend to take in2. User Manual MT4 Lite Trade Manager V 3 Copyright 02012 2014 www mt4trademanager com au Disclaimer and Risk Warning 5 erre trece DX tenero tlt tyre rr ipud eoa Y reine nain 2 Other Legal DOCUMENTS iter eC En eR EN HERE rere Ekee EST e SER ex vex yv pras Fey Ue SERERE SEIN 3 MT4 Lite Trade Manager tere etae nane ede tin Ra ede eR oed line oue RR Ege tee 4 dr cd M 4 How does it differ from EA S cete eite Debe Der et eise e oa a p i duo Dans 4 gll qe 5 hurclruippnEMe c 7 Getting started eqilt es 10 Settings nine ne initier ne rer a ee ir ide Ci rt ie 15 Working With the Script 16 ACCOUNT INTO cosirer M 17 urgere aa aia ia aa ae aE N he e a sates a E aa S 17 Currency INTO eene a nU UEM 17 i arenrcc T 17 Ta e m 19 Registering your COPy sise 20 Error messages xL 24 DU DDPDIIMCM E cesenineses 25 IhEDLS Ie E PM 26 MT4 Lite Trade Manager V 3 1 www MT4TradeManager com au Disclaimer and Risk Warnings Trading foreig
3. com au financial advisor before making any financial decisions or making any investments Subject to any terms implied by law which cannot be excluded the team behind MT4TradeManager com au does not accept responsibility in any way including negligence on the part of the team behind MT4TradeManager com au for any direct or indirect losses damages costs or expenses incurred by users of the MT4 Lite Trade Manager script Use the MT4 Lite Trade Manager at your own risk Other Legal Documents Read the End User Licence Agreement here http www mt4trademanager com au Eula Read our Terms and Conditions here http www mt4trademanager com au Terms Read our Privacy Policy here http www mt4trademanager com au Privacy Read the Prize Draw Terms and Conditions here http www mt4trademanager com au html Prize Draw Terms and conditions pdf MT4 Lite Trade Manager V 3 3 www MT4TradeManager com au MT4 Lite Trade Manager Whatis it MT4 Lite Trade Manager Script is a compact size easy to operate MT4 trade manager script that allows you to easily manage your trade orders such as Market Buy or Market Sell orders Buy or Sell Stop orders modify your Stop Loss or Profit Target level Also it features very sophisticated yet easy to use and accurate Money Management which allows you to use tailored Money Management methods best matching your trading style or your trading strategy How does it differ fro
4. of Favorites IB Destop maucache dat B Dowrineds MTA birady Trade Mansqer v3 esd Recent places MTA Money Manager wot MTA Lite Trade Manager v3 esi A Th PC MTA Scale Frode Manager vd Lect ig Desktop MACD Swnple ext D Documents Moving Average aod ig Downinad MACD Swnjle D Music 5 Mowng Average amp Pictures B deos Le Loca Cink C ca G DAT A Network Unde Delete Share eth Shared Folder Synchrorecatson Hess Properties Congratulations You have successfully installed MT4 Lite Trade Manager script on your computer told you it is going to be easy MTA Lite Trade Manager V 3 9 www MT4TradeManager com au Getting Started After a successful installation click on the Navigator icon on the menu bar Expand the Expert Advisor menu and find the MTA Lite Trade Manager l script You may notice that the icon next to its name appears grey while all the others are coloured this is perfectly normal Fle View Inset Charts Tools e lee em Navigator x Er B Accounts i M Indicatars E 3 Expert Advisors 98 MACD Sample S Moving Average amp MT4 ee Trade TOR 21 MT4 Scalp Trade videns Le 541 more a S Custom bci ce Eb Scripts Click on the MT4 Lite Trade Manager and drag and drop it on to the selected chart MTA Lite Trade Manager V 3 10 www MT4TradeManager com au You can and you should customise your settings by clicking on the Inputs tab and double clicki
5. order v Automatic Profit Target v Favourable Risk Reward Ratio v Slippage Protection v Flickering free buttons v Works on multiple computers with the same account v Works in multiple windows at the same MT4 Lite Trade Manager V 3 5 www MT4TradeManager com au v Works with multiple strategies at the same time v Works on multiple currency pairs at the same time v Works with multiple positions at the same time v Forex Market Foreign Exchange Market v Automatic Broker Detection MT4 Lite Trade Manager V 3 6 www MT4TradeManager com au Installation To install the script properly all you have to do is to copy it to your MT4 Data Folder Step 1 In your MT4 go to menu and select File Open Data Folder Insert Charts Tools Window Help New Chart L E New Order 4 amp S5 Expert Advisors Open Offline Open Deleted Profiles Close Ctri F4 Save As Cti S Save As Picture Open Data Folder Open an Account Login Print Setup j Print Preview Print MT4 Lite Trade Manager V 3 7 Step 2 In the Data Folder double click on MQL4 folder to get in Step 3 Choose your destination folder EA s and MT4 Trade Manager scripts go to Expert folder indicators go to Indicators folder vrheberemm MTA Lite Trade Manager V 3 8 www MT4TradeManager com au Step 4 Right click in the Experts folder and paste the copied file here Done
6. Manager script Lines MT4 Lite Trade Manager script operates with two lines the Upper Line and the Lower Line As soon as the script is initialized the two lines appear on chart at the predefined Line distance in pips in Inputs settings distance from the actual price If you set this value to 10 default the Upper Line is going to be drawn 10 pips above the current price and the Lower Line is going to be drawn 10 pips below the current price at the time of initialising You can drag and drop either line at any time However you cannot cross them the Upper Line must always be higher than the Lower Line at all times The distance of the two lines plus actual spread determines the Range In case you place any type of BUY order either market or pending one Lower Line level determines the Stop Loss level In contrast in case you place any type of SELL order either market or pending one Upper Line level determines the Stop Loss level MTA Lite Trade Manager V 3 19 www MT4TradeManager com au Position size is to be calculated from the distance of entry price and Stop Loss level With your best interest in mind you cannot place an order using MT4 Lite Trade Manager without an Automatic Stop Loss order It is essential Once your trade is alive a green dotted line represents your Profit Target and a red dotted line represents your Stop Loss on the chart You can drag and drop them anytime to modify their
7. ch my LIVE trading videos with MT4 Lite Trade Manager http www youtube com user mt4trademanager Should you have any questions visit the website and look for answers amongst Frequently Asked Questions http www mt4trademanager com au Faq If you are still concerned contact us http www mt4trademanager com au Contacts With your registered copy of MT4 Lite Trade Manager you enjoy the benefit of life time updates of this product and unlimited email support MTA Lite Trade Manager V 3 25 www MT4TradeManager com au Thank you Your opinion your feedback and suggestions are always welcomed please let us know what you think about our scripts and help us develop the best trading tools You tell us what you want and we listen All the best on the markets Best Regards Behalf of the MT4 Trade Manager Team Geza Kalle The Ambassador of Live Forex Trading jgkallo profitscenario com au www ProfitScenario com au www MT4TradeManager com au Version 3 06 3 2014 MTA Lite Trade Manager V 3 26 www MT4TradeManager com au
8. e trade There is no trade open You probably hit the Close All button but there were no open trades There is no pending order You probably hit the Delete P Orders button but there was no pending order Either the market is closed or the Profit Target or the Stop Loss level was too close to the market price See Pg 22 Trade Info Min SL There is no trade open by MTA Lite Trade Manager on the chart You probably hit the Close All button to close all trades but there were no trades opened by MT4 Lite Trade Manager script you either opened them manually or with some other script EAs Error during modifying Stop Loss Ticket 123456 The Stop Loss of that particular trade could not be modified most likely the actual price is too close to it See Pg 22 Trade Info Min SL Error during modifying Profit Target Ticket 123456 The Profit Target of that particular trade could not be modified most likely the actual price is too close to it See Pg 22 Trade Info Min SL SL and or PT orders could not be executed Most likely the actual price is too close to them See Pg 22 Trade Info Min SL MTA Lite Trade Manager V 3 24 www MT4TradeManager com au Support We strongly recommend you to follow the installation tutorial to see the installation process step by step http www MT4TradeManager com au HowTolnstall Also feel free to subscribe to our YouTube Channel to wat
9. ement TRUE it shows Active If the script uses pre set LOT size say Money Management FALSE it shows Inactive status Risk it shows the risk percentage you set in Inputs settings Upper line it shows the price level of the Upper Line Lower Line it shows the price level of the Lower Line Range it shows the calculated distance in pips between the Upper Line and the Lower line including the actual spread Currency Info In this section you can find the symbol of the current chart and its time frame as well as the remaining time of the current candlestick on that certain time frame MTA Lite Trade Manager V 3 17 www MT4TradeManager com au Buttons You can manage your orders and trades by clicking on buttons Buy place a market buy order at current market price Stop Loss to be set at the Lower Line level Profit Target to be set at the Upper Line level Both Stop Loss line and Profit Target lines can be modified by double clicking on the line and drag and drop to the level required Position size is calculated from the actual Stop Loss distance when the button was hit Sell place a market sell order at current market price Stop Loss to be set at the Upper Line level Profit Target to be set at the Lower Line level Both Stop Loss line and Profit Target lines can be modified by double clicking on the line and drag and drop to the level required Position size is calculated from the actual Stop Loss distance
10. level however it will not affect the trade size volume of the existing trade Registering your copy If you installed your MT4 Lite Trade Manager script on a demo account you have a fully operational unlimited trial version Enjoy working and practicing with it as long as you want IMPORTANT if you installed the script on a LIVE account the free Trial Version is limited to use only the BUY and CLOSE ALL buttons no other buttons will work in trial version on LIVE account In order to free up the limitation and to get all buttons work you need to register your script and to purchase a validation key account that it was purchased from In case you want to work with MTA Lite Trade Manager script on multiple accounts you have to buy multiple licences You can register your copy by clicking on any button that doesn t work and you will get an alert message MTA Lite Trade Manager V 3 20 www MT4TradeManager com au Your alert message looks like this Trial version is limited Register your copy now http www mt4trademanager com au purchase buynewsm jdmeit Copy the web link from the error message accurately including the weird character string at the end of the link and paste in your web browser you may have to extend the window to the right by dragging the right bottom corner to see the whole message in length Also you can check this alert later at the bottom of your MT4 in the Experts tab as sho
11. m EA s MT4 Lite Trade Manager Script is a script which executes your commands buy sell etc with a single button click or modifies your trades with drag and drop Stop Loss and Profit Target lines on the chart It DOES NOT trade by itself it DOES NOT give you trading advice or trading signals of any type It purely makes trading easier faster and more effective on MT4 trading platform However it does calculate the correct position size for each trade you set up based on your account size account size equity size or margin available it is optional the risk you intend to take and the pip distance of Stop Loss level MT4 Lite Trade Manager V 3 4 www MT4TradeManager com au Features v Windows XP Windows 7 and Window 8 compatible both 32 and 64 bit versions of all v MAC version is also available v Works with all major brokers MT4 trading platform v Works with both DEMO and LIVE accounts v Easy 1 min installation v Easy logical operation v Non invasive layout v One click order management v Exceptionally fast trade execution v Precise Money Management calculation Y Double click protection v Advanced Money Management options Based on Balance Risk 96 Based on Equity Risk 96 Based on standard LOT size v Calculates the position size dynamically for each trade individually v Uses whole lots mini lots and micro lots as well Minimum Margin Available Monitor v Insufficient Money Warning vV Forced Stop Loss
12. n exchange on margin carries a high level of risk and may not be suitable for all investors The high degree of leverage can work against you as well as for you Before deciding to trade foreign exchange you should carefully consider your investment objectives level of experience and risk appetite The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts The team behind MT4TradeManager com au is not a licensed financial advisor and does not provide financial or investment advice or make recommendations for investing in any types of products including shares derivatives options and other financial instruments The Information may be provided in this booklet on the website seminars either orally or in written form and or through other communications media videos webinars tutorials etc As part of the Information trading examples and scenarios may be given but the team does not make any representations with regard to profits and losses shown in such examples and scenarios The team behind MT4TradeManager com au strongly advises all users of the MT4 Lite Trade Manager script to seek professional advice from a licensed MT4 Lite Trade Manager V 3 2 www MT4TradeManager
13. ng on the value to change See the Settings detailed in the next chapter Common Inputs Variable F5 Line distance in pips L Money_Management e Risk based on Account Balance ME Risk Ka Lot_Size el Max Lot sed Slippage vel Default Risk Reward Ratio CB MTA Lite Trade Manager V 3 11 www MT4TradeManager com au Now if you have a look at the upper right corner you can see the name of the script MT4 Lite Trade Manager and either a happy face or a sad face MT4 Lite Trade Manager v2 1 1 03155 Sad face indicates that there is something wrong with the settings the script does not work In case you see the sad face click on the Tools Options tab in the main menu File View Insert Charts Window Help m zi Eh x t e egy an zu New Order FS I Ala ho i B History Center F2 pine A E EE ERRERA Global Variables F3 mt4trademanager com au mt MT4 INTRADAY TRADE EEE me MetaQuotes Language Editor F4 MTA Lite Trade Manager V 3 12 In the Options window click on Expert Advisor tab and tick the following check boxes according to the screenshot below Fes Server Charts Objects Trade Expert Advisors Notifications Email_ Publisher Events lt Expert Advisors except for Custom Indicators and Scripts E Disable experts when the account has been changed
14. percentage Lot size set the Lot size you intend to use for all trades if Money Management is FALSE Max Lot set the maximum Lot size you intend to use during trading Slippage set the maximum distance in pips you allow the server to execute your orders from the price set Default Risk Reward Ratio set the multiplier for the Automatic Profit Target distance based on the Stop Loss distance Magic unique ID number for trades managed by MT4 Lite Trade Manager MTA Lite Trade Manager V 3 15 www MT4TradeManager com au TRADE MANAGER SCRIPTS Working with the script Congratulations You have your own script working on your chart It most likely looks like this background colour can differ according to your settings per ias 4 On the screen you can distinguish 4 different areas of the script buttons account info trade info and currency info Buttons Trade Info i MTA Lite Trade Manager V 3 16 www MT4TradeManager com au Account Info In the Account Info area you can find some basic information about your account provided by your broker Trade Info In the Trade Info area you can find some important information about your trade conditions Such as Spread it shows the actual spread difference between ask and bid price on that certain currency pair in pips MM it indicates the status of Money Management setting in Inputs If the script uses Money Manag
15. when the button was hit Buy Order place a Buy Stop Pending Order with the predefined settings Upper Line gives the price where the Buy Stop Pending Order is going to be activated Lower Line gives the Stop Loss level Profit Target to be set x times as many pips as the Stop Loss distance was controlled by Default Risk Reward Ratio settings in Inputs For example in case Default Risk Reward Ratio 2 and the Stop Loss was 20 pips then Profit Target is going to be 2 x 20 pips 40 pips Sell Order place a Sell Stop Pending Order with the predefined settings Lower Line gives the price where the Sell Stop Pending Order is going to be activated Upper Line gives the Stop Loss level Profit Target to be set x times as many pips as the Stop Loss distance was controlled by Default Risk Reward Ratio settings in Inputs For example in case Default Risk Reward Ratio 2 and the Stop Loss was 20 pips then Profit Target is going to be 2 x 20 pips 40 pips MTA Lite Trade Manager V 3 18 www MT4TradeManager com au Close All close all the trades opened by MT4 Lite Trade Manager Please note that trades opened any other way eg manually will NOT be closed Delete P Ord Delete all pending orders placed by MT4 Lite Trade Manager Please note that pending orders placed any other way eg manually will NOT be deleted Please note that you cannot use this button on trades that was NOT opened by MT4 Lite Trade
16. wn on the picture below Trial sermon te irvtei Regeter pay copy row htp iamma mt tadeTanager com ayers burner crest In your web browser follow the onscreen instructions to pay either with your PayPal account or with Credit Card via PayPal IMPORTANT we redirect you MTA Lite Trade Manager V 3 21 www MT4TradeManager com au About Common Inputs Variable ab ValidationKey had LineDistancelnPips Z MoneyManagement iS RiskBasedOnAccountBalance Risk V2 LotSize Wed MaxLot E Slippage OTB m oom After a successful payment you return to our page and your will get a unique validation key Copy the validation key in the Input in your script settings to validate your copy You DO NOT need to reinstall the script at all MT4 Lite Trade Manager V 3 22 www MT4TradeManager com au BUY BUY ORDER SELL SELL ORDER CLOSE ALL DELETE P ORD Now you can use your legal registered copy of MT4 Lite Trade Manager as long as you work with that trading account You can use it on multiple computers you have to install on each as long as you work with the same account MTA Lite Trade Manager V 3 23 www MT4TradeManager com au Error messages Waiting for server responding An order was sent to server but we have to wait for server to confirm Insufficient money You do not have sufficient money available on your account to open a singl
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