![]() Leave Take profit as zero means setting an order without take profit. Setting Stop loss point is mandatory to calculate appropriate volume (you may remove Stop loss later if you want, but need to enter a value to calculate volume and place order). Stoploss/Takeprofit/Distance: Value to determine the Stop loss/Take profit point. It should be “Price” if you want to set SL/TP by a certain price value, or “Distance” if you want to set them by a distance from the entry point.Īdjustment Step: Increase/Decrease space of the price adjustment when using Increase/Decrease arrow button Set SL/TP By: Choose how to set Stoploss/Takeprofit point. If you don’t have special purpose, just leave it as blank. Magic number is a unique number that you can set to identify your order. Magic Number: Set the magic number to your placed order for further purpose. Order Comment: Note for your order as regular MT4/MT5 order’s comment. Order Type: Choose the order type that you want to take place. This total loss amount includes order’s loss and order’s commission. Loss+Commission: The estimated loss you will incur at stoploss point. Stoploss Risk: The risk percentage that you accept to lose if stop loss occur.Įst. If you want to calculate and place order with other pairs, just use this tool with those pairs. Then, you just need one click on the button BUY, SELL, or PLACE ORDER (with pending order), and order will be sent immediately. You choose EP and SL with a specified risk percentage of balance that you accept to lose at that stop loss point (including commission), the tool will auto-calculate required volume. This feature calculates required volume that meets your accepted stop loss risk. If your broker/account type doesn’t charge commission, just leave this value as zero. It should be “Account currency” if commission is charged on account currency unit, or “Base currency” if commission is charged on base currency of the trading pair.Ĭommission Per Lot: The amount of currency units that charged as commission for a round turn standard lot. Commission is counted to trade’s profit/lose in order to giving the exact result of the trade.Ĭommission Type: This is how your broker charges commission. Switch to Input tab, enter your registered email address and activation key in order to activate your license.Ĭommission setting is used for risk management calculator to determine the exact lotsize that match with your risk. Go back to MT4/MT5 terminal -> Main Menu -> View -> Navigator -> Right click on Expert Advisors folder -> Refresh -> Find “My Money Manager” -> Double click or drag it the the chart that you want to work with.Īt startup window -> Common tab -> Enable “Allow DLL imports” and “Allow live trading” check box. ex5 file to directory path: //MQL4(5)/Experts/. ![]() Go to MT4 or MT5 data folder by opening MT4/MT5 terminal -> Main menu -> Files -> Open Data Folder.Ĭopy. Unzip the product’s package, you will see the “My Money Manager.ex4” and “My Money Manager.ex5” files. ![]()
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