DIY Trade Manager Plus

DIY Trade Manager Plus Version 25.00 User Guide 11 May 2018 1 P a g e

Risk Disclosure Statement and Disclaimer Agreement This User Guide ( User Guide ) is for installation and associated illustrative purposes only and should not be construed as investment advice or strategy. The sole purpose of this Guide is to assist in the installation and use of DIY Trade Manager Plus software. The material neither purports to be, nor is intended to be advice to invest or to trade foreign exchange or to use any particular trading technique. Readers should not act on the basis of any material presented here without properly considering their individual circumstances. The author is not a licensed investment advisor. By downloading this User Guide you acknowledge that all content is of a general nature based solely on technical interpretation and does not take into account your individual investment objectives or financial circumstances. It is important to realise that trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. 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. Trading any financial market involves risk. The contents of this User Guide are for general information purposes only (contents shall also mean the website and any email correspondence or posts associated with this product). Although every attempt has been made to assure accuracy, we do not give any express or implied warranty as to its accuracy. We do not accept any liability for error or omission. Examples are provided for illustrative purposes only and are not intended as financial advice. No representation is being made that any account or trader will, or is likely to, achieve profits or losses similar to those discussed in this User Guide. Any statements about profits or income, expressed or implied, do not constitute a guarantee. Your actual trading may result in losses as no trading system is guaranteed. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of, or reliance on such information or software. Past performance is not indicative of future results. By subscribing to our mailing list or using the product, website or the contents of the website you will be deemed to have accepted these terms in full. DIY Trade Manager Plus, its website content, ebooks, and representatives do not and cannot give investment advice or invite customers or readers to engage in investments through this User Guide. The information provided in this User Guide is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. All potential forex traders should take into account the legal requirements and restrictions of trading forex in their particular region and should obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision. The author expressly disclaims all and any liability to any person, with respect to anything, and of the consequences of anything, done or omitted to be done by any such person in reliance upon the whole or any part of the contents of this User Guide, Product or the website. Copyright 2018. All rights reserved. DIY Trade Manager Plus is a trading name of Tresik Pty Ltd ACN 167 768 494. 2 P a g e

Table of Contents 1. What is a Trade Manager... 3 2. Installing the Trade Manager... 3 3. Using the Trade Manager... 3 4. Properties of the Trade Manager... 4 5. Customizable Settings... 5 6. Example of TM using ATR (video)... 13 7. Any Questions... 13 1. What is a Trade Manager (TM) A trade manager is an expert advisor (EA) with various features that enable you to specify how a trade, once opened, will be managed in terms of take profit, stop loss, trailing stop and whatever other features have been built in. So unlike a normal EA, it does not enter trades for you, it only manages a trade once it has been entered. Hence it is ideal for manual trading and, under special circumstances, for use in conjunction with normal EAs that may not have good trade management features. With Version 13.00 we added a new feature which enables the TM to be used in conjunction with the FX EA Controller (http://exceptionalfx.com/ea-controller/). When this mode is enabled by entering the ID# corresponding to the ID# used in the EA Controller, the TM can manage the trade, including adding scale-ins, whenever the Closed Profit of the EA in question is below its own MA; that is, when the EA is in drawdown. With Version 17.00 and onwards, scale-ins can now be either normal or reverse entry trades. For instance, when a Buy trade being managed goes into loss, a Sell trade can be scaled-in at say -20 pips. Another option is that we can now scale-in either Stop or Limit orders. 2. Installing the Trade Manager Copy the DIY Trade Manager Plus V 25.00 [2018].ex file into the MQL4/Expert Adviser folder of your MT4 platform. (This folder can be accessed via the MT4 platform. Go to File at the left on the top toolbar and select Open Data Folder and follow the folder structure from there.) In the Navigator panel click on Expert Advisor and select Refresh. The DIY Trade Manager Plus should now be visible in the Expert Advisor folder. If not, restart your platform. 3 P a g e 3. Using the Trade Manager The Trade Manager can be used to control just one or several trades and you can have several Trade Managers operating on the one platform each controlling different trades. Moreover, the Trade Manager can manage trades that have been opened manually and/or trades that have been opened by an Expert Advisor (EA). But be careful that your TM settings do

not conflict with the settings of the EA itself. Test for this on demo. With manual trades the TM can be placed on the chart that is being traded. Or you can add an Order Comment when opening a manual trade and then use that Comment in the TM s Inputs to control only trades with that Comment. With trades that are controlled by an EA you must place the TM on another chart, any chart will do, since you cannot place two EAs on the one chart. Once you have placed the TM on a chart you must specify the trade(s) that you want the TM to manage by specifying the currency pair(s). When managing EA-initiated trades you also need to specify the Magic Number being used by that EA. 4. Properties of the Trade Manager and how to use them First let s just see where you can find the Properties of the DIY Trade Manager Plus (TM). Once you have done that, come back to the User Guide and continue reading. (If you are familiar with opening two Windows on your screen then do that and have the MT4 platform on one and this User Guide on the other, side by side so that you can easily follow the instructions. Your screen would look something like this.) To load the TM, open any chart and then double click on the DIY Trade Manager Plus in the Experts Folder on your Navigator Panel. The Properties Box of the TM will then appear on your opened chart as shown below. 4 P a g e

In Version 7.00 and onwards the Properties Box, or User Interface, can be expanded so that you can see more of the settings at once. These are the settings you need to choose and set depending on what you want the TM to do. Let s look at the options one by one. 5. Customizable Settings for the DIY Trade Manager Plus Note: In the Common tab, make sure you set Allow DLL imports to ticked before adding the Input settings. Failure to do so means that the Input settings will revert to default whenever you do allow/tick DLL in the future. This is a feature of MT4, not the Trade Manager. Settings Email Address ID# (empty field = disabled) Signal Mode New in v25.00 Label 1 - Manage Pairs Comments Enter the email address you used when you bought the DIY Trade Manager Plus. The TM will not work without this security password which is unique to you Leave blank unless you are using the TM in conjunction with the EA Controller. If the TM is to be controlled by the Controller, then add the same ID# as set in the Controller. Leave unselected if the ID# field has been left blank. That is, if using the TM by itself without the Controller. If ID# has been entered in field above, then: When set to Manage, the TM will invert a Yes signal from the Controller to a No signal. The TM will be disabled. And vice versa. When set to ScaleIn, the signal from the Controller will NOT be inverted. The settings in Label 1 are where we select which trades the TM is to manage. You must set one of the first three options (ie Current Pair or Specified Pair or All Pairs, to True. The other Manage options must then be set accordingly. 5 P a g e

Manage Current Pair Only Manage Specified Pairs Manage These (Specified) Pairs Manage All Pairs Manage By Magic Number Magic Numbers Manage By Trade Comment Trade Comments True or False. Select True for when you have the TM placed on the chart you are trading on. But note that the TM will then control all trades that you might have running on that currency pair on your platform at that time. So specify your trade by Trade Comment or Ticket Number if you don t want the TM settings to apply to all trades you have running with that currency pair. Or just make sure you don t have any other trades open on that same currency pair. Please also see important Comment under Partial Closes in Label 5 True or False. If you choose this option (ie set to True) then it is best to have the TM loaded onto a different chart (currency pair) to the ones you want to specify to be managed by the TM If you have set the above (Manage Specified Pairs) to True, then type these pairs (the ones you want to be managed) exactly as they appear in the Market Watch window, each one separated by a comma. Eg on some platforms you will see AUDUSD. On other platforms it might be AUDUSDe or some other suffix True or False. If you select this option the TM will manage all trades that you open on the platform, each with exactly the same SL, TP, TS settings etc as you enter for these settings below True or False. This is the option you would set to True if you use the TM to manage trades opened by an EA. All EA trades will/must have a Magic Number. So if you were running three different EAs and you wanted to have different trailing stop (TS) etc features for each, then you would need to place a copy of the TM on 3 separate charts and on each specify the Magic Number (and TS conditions etc) that you want the TM to manage. Alternatively if each of the 3 EA-initiated trades are to be managed in exactly the same way, then you need only one copy of the TM on another chart. Then specify the Magic Numbers below If you have set Manage by Magic Number to True, then Enter the Magic Number(s) separated by a comma True or False. Use this option for Manual trades but note that you have to add a Comment when you place the order. See next line Enter the trade Comment you entered when you placed the trade order. So if you added the Comment Test1 when you placed the trade, you would enter Test1 in this field. Then the TM will know which trade to manage. See below for where to enter a Comment when you place your order. These Trade Comments are case sensitive and you must type in exactly the same Comment in the EA and when you place the order. Note also that you cannot use Partial Closes when operating by Trade Comments because of the way that MT4 handles such partial closes (it issues a new trade and trade comment for the remaining portion of the trade.) 6 P a g e

Manage By Ticket Number Ticket Numbers True or False. Used for when you have already placed the trade in which case you will know what the Number is. When using this mode, you cannot have Partial Closes because of the way that MT4 handles partial closes (a new Ticket number is issued for the remaining lot size) If you have already placed a trade it will appear as a number on the Oder window at the bottom of your platform. Enter that number in this field on the TM. Slippage Label 2 - Breakeven Breakeven (BE) Breakeven At Pips In Profit Breakeven Profit Label 3 Take Profit Target TP In Pips Profit Target In Pips Enter desired slippage in pips. This is a standard setting for all EAs and it tells the TM how much slippage in price it should tolerate when taking action True or False. Use this when you want to set a level of profit at which your SL is set to zero or some small TP level as defined in Break Even Profit below. In other words if your trade reaches this level and then retraces you will be stopped out before it goes negative Enter the number of pips in profit at which point you want your SL to be set to 0 or a Break Even Profit level Enter the number of pips you want your SL to move to after your trade has reached its BE profit level. So if the trade reverses you will be stopped out at this profit level rather than at 0 pips These are the three ways in which you can set the TP level. A fixed TP by choosing TP in Pips; or a dynamic TP by choosing to set it by either Average True Range (ATR) or by RSI True or False. Set to True if you want a fixed TP. Then set the other TP options to False Enter the number of pips 7 P a g e

TP By ATR True or False. This is what we call a volatility-based method of setting a TP. It is based on the Average True Range (ATR) value. When the markets are quiet, less volatile, ATR will be low and hence the TP set by the TM will be low. When the markets are more active, more volatile, the ATR will be higher and hence the TP set by the TM will be higher ATR Period Enter period, eg 14 which is the period most commonly used but check this out for yourself by placing the ATR indicator on the chart you are trading ATR Multiple Enter a multiple, eg 3. This means that if the ATR value was say 20 when you opened the trade, then the TM would set the TP at 3x20=60 pips. This TP will vary constantly as the ATR value changes, ie as volatility in the market for that currency pair changes TP By RSI RSI Buy Period RSI Buy Level RSI Sell Period 8 P a g e True or False. RSI is a momentum indicator and goes up when there is a strong Buy trend and down for a Sell. In a ranging market an RSI value of 70 or 80 (for an RSI period of 14) is considered overbought and there is therefore an expectation that the trend will reverse (that does not always happen but it is fairly common). It could therefore make sense to set a TP level at a 14- period RSI of 70 or 80 for a Buy and at 30 or 20 for a Sell. Of course RSI may never reach that value for any particular trade so it would be wise to have a BE and/or TS when you use RSI as a TP setting. And consider taking profit at RSI 65 for a Buy and 35 for a Sell to be on the safe side. This of course assumes that you enter the Buy trade when RSI is say around 50 or less or a Sell trade when RSI around 50 or higher. You need to experiment with different period and different levels and note that you can have different RSI settings for Buys and Sells Enter period, eg 14 but do try other periods as well Set level above which Buy trade will be closed Enter period, eg 14 but do try other periods as well and note that you can set different periods for Buys and Sells

RSI Sell Level Set level below which Sell trade will be closed To see what sort of levels you might set, place the RSI indicator on your chart, and select the Levels tab in the properties Box to enter levels which will then be displayed on the RSI window when you click OK. Label 4 - Loss Target SL In Pips Loss Target In Pips SL by ATR ATR Period ATR Multiple Label 5 - Partial Close These are the two ways in which you can set the SL level. A fixed SL by choosing SL in Pips; or a dynamic SL by choosing to set it by ATR whereby the SL will vary as determined by the Average True Range of the currency pair being traded at any point in time True or False. If you set this to True, then set SL by ATR to False Enter the number of pips True or False. If you set this to True then set SL in Pips to False Enter period, eg 14 is a commonly used period but experiment with other periods (look at the ATR indicator on your chart to see what would be a good setting) Enter a multiple, eg 2. This would mean that when ATR at some point in time during the trade is say 20, the SL will be set at 2x20=40 These settings enable the TM to partially close a trade that is in profit and/or a trade that is in loss. But you CANNOT use this feature when you are managing by Trade Comment or by Ticket Number. This is because MT4 opens a new trade (at no cost) for the remainder of the lot size position, and hence issues a new Ticket Number and a new Trade Comment, neither of which will be recognized by the TM settings that you have applied for these Fields. 9 P a g e

Partial Close TP True or False. Set to True if you want your trade to be partially closed at an early TP level. But do your sums to make sure you win in $ terms as well as in pips. Eg If your TP is set at 40 pips and you close 50% of all your profitable trades at a small TP (say 20 pips) and the remaining 50 % always closes at BE (ie 0 pips), and all your losing trades go the full distance to -40 pips, then you will lose more money on your losing trades than you will gain on your winning trades. So your ratio of winning trades to losing trades will have to be very high just to breakeven in $ terms. So if you use partial close for TP, you might also want to use partial close for SL, just to balance things out in $ terms. Partial Close Percent Enter % value, eg enter 50 if you want 50% of the trade to be closed. Obviously your original lot size must be at least 0.02 lots so that 50%, ie 0.01 lots can be closed. Partial Close At Pips Enter the number of pips at which you want the partial close to occur SL note - Partial Close At Pips must be negative Partial Close SL True or False. Set to True if you want to partially close a losing trade before it hits your SL value Partial Close Percent Enter % value, eg enter 50 if you want 50% of the trade to be closed at the level you set in the next line Partial Close At Pips Enter a negative number of pips, eg -30 (NOT 30); because you only want this partial close to occur when the trade is in a loss position (eg -30 pips) and not in a profitable position of (+)30 Label 6 - Trailing Stop There are six methods by which the TM can trail stops. You can also specify whether the trailing occurs at candle close or at any time during a candle or bar period; and you can select whether to apply a TS that starts at a specified pip value or one which starts when the trade is first entered Apply TS At Candle Close True or False. If set to False then TS will be activated whenever the level is reached. If set to True then TS will only be activated if level has been reached at candle close. For example if you are trading on a 4 hour chart there is a lot that can happen in any one 4 hour period especially if it coincides with a major News announcement Use Instant TS True or False. With a normal TS, a trailing stop set for 15 pips will trigger once a trader's position is positive at least 15+1=16 pips. But with an Instant TS, the TS is active as soon as the trade is opened. That is, trailing starts when the trade is opened TS By Pips In Profit True or False. Set to True if you want to trail by pips. Then set the other TS options to False Trail By Pips Enter the number of pips to trail by Activate At Pips In Profit Enter the number of pips in profit at which trailing is to start TS By ATR True or False. This is a volatility-based TS, similar to what is described above for setting TP by ATR. Set to True if you want to use this method for TS and then set the other TS options to False ATR Period Enter a period, eg 14 ATR Multiple Enter a multiple, eg 2. So for example when the value of ATR is at say 20, then the TS will be at 2x20=40 pips 10 P a g e

TS By Fractals TS By PSAR True or False. This is another simple trailing stop strategy that uses Bill William s Fractals to determine stop levels. Fractals appear on retracements in a trend. Basically, when a new fractal appears on the chart in the direction of the trade, the stop loss is moved to that fractal. If you want to use this method for TS then set to True and set other TS options to False True or False. Parabolic Stop and Reverse (PSAR) is a technical indicator intended to assist in finding market momentum. These signals appear on the chart as dots shown below. When the trade is in a trend the SL will be moved up or down as per the dots. Can be good for trending markets but not so for ranging markets PSAR Step Enter a value, eg 0.02. Just test different combinations of settings for Step and Maximum on the chart to see what suits you. Steps can be very tight or very loose PSAR Maximum Enter a value, eg 2 TS By Percent Of Profit True or False. This is for traders who follow the mantra never give back more than x% of your profits to the market. Set to True if you want to trail with this option and then set other TS options to False Percent Of Profit Enter % value, eg 50. So if your trade has gone up 100 pips and then reverses you will be stopped out at 50% of 100 = 50 pips Activate At Pips In Profit Enter the number of pips at which you want the TS to start. Set to some decent number because if you set to say 10 pips and have entered 50% of profit to trail by, then you will be stopped out after the trade has reached say 10 pips and retraces just 5 pips. Trades need room to breathe! 11 P a g e

TS By Moving Average True or False. Set to True if you want to use price above/below a MA as a TS. Then set other TS options to False. You can specify the properties of the MA you want to use in the normal way MA Period Enter a period. Eg if set to 10, then TS will be activated (ie trade closed) when price crosses the 10 period MA in the opposite direction to the trade MA Shift Enter a value. Default is 0 MA Type (or Method) Enter a number. 0 is Simple; 1 is Exponential; 2 is Smoothed; 3 is Linear Weighted MA Price (Apply to) Choose MA Price from dropdown menu. Default is Close Label 7 - Scale-In Can be used for both manually and EA triggered trades. With v23.00 and on, the TM can be placed on any chart and add scale-ins on any but NOT SEVERAL currency charts at the same time because they would all have the same magic number for the scale-ins. Trades must be set to be managed by the magic number(s) of the EA. ScaleIn ReverseScaleIn MagicNumber Scale In Lot Size Scale In Pips Steps Add TP Level In Pips Add SL Level In Pips True or False. Scaling-in is when you have an open trade and you add in another trade in the same direction on the same trend True or False. If this is set to True (and ScaleIn also set to True), then a scale-in pending order in the opposite direction to the trade being managed, will be added at the ScaleInPipSteps specified. The PipSteps can be +ve or -ve. Eg 10,20,30 or -10, -20,-30 etc depending on what you are trying to achieve. But you cannot mix +ve and -ve Specify a magic number for the scale-in trades. This is a handy feature since it will enable you to monitor the performance of the managed trades and scale-in trades separately when using myfxbook or the FX Blue Publisher EA. Enter lot size for your scale-in trades Number of pips in profit at which scale-in is to occur. These will appear as Pending Orders and if the trend continues, so will the scale-in trades based on the Pips Step you have specified Enter number of pips. For instance your original trade may have a TP level set to 100. But for your scale-in trade, which may have started at 50 pips into the trend, you may be happy with a TP of 50 pips. Or use the Close on Main function, described below. Enter number of pips for the SL that will apply to your scale-in trade. Or use the Close on main function. 12 P a g e

Scale In Trades Standard TS Trail By Pips Close on Main (pendings) Close on Main (triggered pendings) True or False. A standard pip-based TS is the only TS available for scale-in trades Enter number of pips to trail by True or false (Main is the trade(s) being managed by the TM) True or false 6. Example Using ATR with DIY Trade Manager Plus Please watch this short video where I demonstrate how to use the ATR indicator for setting dynamic TP, SL and TS settings with the Trade Manager. http://www.screencast.com/t/w6ymemp6ef 7. Any Questions? Please contact me at info@diyforexskills.com if you need further help with using the Trade Manager. 13 P a g e