Manually managing trades taken by the EAs

June 8, 2009

I thought I had clearly illustrated that I sometimes let the EAs do everything and sometimes I just let them Enter but I then manage my trades manually. This means you can always manage your trades after they have been entered by the EAs. Some of you thought that once the robot takes a trade, it has “full control” over the rest of the destiny of the trades and you can’t do anything but watch it. It isn’t the case at all.

You can ALWAYS manually modify ALL the trades that the EA has taken. For example, you can modifiy the stop loss, you can put a trailing stop (of x pips, of your choice), you can modify or put a TP (of your choice) or you can simply exit a trade when you want.

To do so, in the TERMINAL WINDOW right-click on the trade you wish to modify:

SL & TP

Choose "Modify or delete order". You will have the choice for SL and TP. You can use the defaut which is suggested or put in your preferred numbers manually.

Trailing stop

Choose "Trailing stop". You can use the suggestions or "custom" and put in your numbers (minimum 15 pips).

Exit trade

Choose "Close order”, then “close” to confirm.