Silent Manager for MetaTrader 4 is yet another tool that brokers would prefer you NOT to have.
It is designed to be a guardian of your opened trades, closing them as per your Risk and Profit expectations as defined in your trading plan. It offers four functionalities:
a) Risk & Profit management scope: define a group of trades, on which the expert will execute a risk & profit management. All risk & profit management functions will execute on this group of trades, allowing you to secure your profit on the whole set of selected trades.
b) Hidden stop loss & take profit: keep your Take Profit target and Stop Loss limit outside of the broker’s order book. Set your Risk and Goal and let the Expert patiently monitor.
c) Trailing stop: apply a Trailing Stop outside of the broker’s order book and outside of the very limited trailing-stop function of MetaTrader.
d) Trading history: create the history of all recorded profit & loss levels, and the history of profit levels for each order, allowing you to refine your strategy / system / plan.
The expert can send notifications to a mobile device.
These functionalities can be used independently.
Note: Silent Manager is designed to manage a whole group of orders, while Silent Tracker is designed to manage each order.
>> Full and documented source code
>> Foreword on soft orders and retail brokers
>> Installation (Windows/Linux)
Native documentation in:
The Licensed Software End User Agreement is available here.
This Agreement establishes the per-Customer prioprietary license and the conditions for using the product.
Product price: USD 266.30
a) Risk & Profit management scope:
When you load the expert, choose a scope of management:
- all trades: the expert will apply the risk & profit management functions on all market orders, in other words on the account.
- all trades for a given symbol: the expert will apply the risk & profit management functions on all market orders on one symbol.
- all trades for a given magic number: the expert will apply the risk & profit management functions on all market orders that were opened with one magic number.
b) Hidden stop loss & take profit:
Keep your risk limits and your profit expectations private (hidden stop loss / take profit, also called silent or soft stop loss / take profit), avoiding brokers’ stop hunting and limit avoidance.
Load the expert on a symbol's chart with a combination of parameters that represent your risk management plan and your expectations. Or, modify all parameters to apply to all symbols/charts.
Let the computer manage these soft stops and soft takes tick after tick – you can work, go away, go running, do your shopping: the expert does it for you.
Note: The limits will apply on the total P&L of the group of trades in scope.
c) Intelligent trailing stop for optimal profits:
Apply a Trailing Stop outside of the broker’s order book and outside of the very limited trailing-stop function of MetaTrader. After a trade has reached a minimum profit, the expert will start monitoring the trade; if the profit turns back by a defined % or amount of money, it is automatically closed to secure your profit.
If you wish, during this monitoring the trade profits are recorded. This means you can review the history of all trades and adjust the % that you apply to protect your profits.
Note: The trailing strategy will apply on the total P&L of the group of trades in scope.
d) Trading history:
Build a history of all orders' Profit & Loss, and record profitable trades.
- Ask the expert to create a history of all recorded profit & loss values for each order.
- Ask the expert to also create a history of the recorded profits associated to a trailing-stop.
These historic files specific to your trading system will be extremely precious in refining your take-profit and trailing stop strategy.
Sends text notification to a mobile device, in case conditions are met to close all orders in scope.
Silent Manager is a tool that represents great value in a number of trading plans using MetaTrader. Count on this tool to keep your trading plan running smoothly trade in, trade out.
The expert is easy to use and customisable.
A documentation is provided with this indicator, on top of the executable and this MQL code, at the time of purchase.
Please read it first and refer to it.
Customer support is available as described in the documentation.
Click here for a documentation sample. This is a truncated version.
The Documentation is provided in native English.
The code is documented in English.
The programme has been tested in a variety of MetaTrader distributions (JFD, Corespread, Oanda, FXCM etc) as well as under Linux or Windows.
Note: the expert comes with a Scope parameter, plus the additional flexibility to readjust parameters to all charts in one go when the expert is running, removing the need to adjust each and every chart.
|EAName||Name of the expert to show on chart and associate to templates.|
|Scope||Risk & Profit management scope. To apply the selected management functions on a group of orders. Can be:
all trades (i.e. account; ALL_TRADES),
all trades for a given symbol (ALL_TRADES_FOR_SYMBOL),
all trades created with a given magic number (ALL_TRADES_FOR_MAGIC_NUMBER).
|scopeMagicNumber||Magic number if scope is set to ALL_TRADES_FOR_MAGIC_NUMBER.|
|scopeSymbol||Symbol mame if scope is set to ALL_TRADES_FOR_SYMBOL.|
|includePending||Defines whether the expert should close pending orders as well, when it needs to close all market orders in scope.|
|maxLossToClean||Value for the Hidden Stop Loss (applies on the total unrealised P&L of all orders in scope).|
|maxProfitToClean||Value for the Hidden Take Profit (applies on the total unrealised P&L of all orders in scope).|
|minProfitToClean||Value for a minimum profit after which the expert will start a trailing stop (applies on the total unrealised P&L of all orders in scope).|
|cleanThreshold||Value used to apply a trailing monitoring on the order's profit. Either an amount in account's currency, OR a % expressed as a value between 0 and 1. Examples of values 0.60 (60% of maximum recorded profit to lock), 102.50 (lock the profit if the current profit is now 102.50 less that the maximum recorded profit). This is sometimes referred to as trailing-stop interval. Applies on the total unrealised P&L of all orders in scope.|
|buyCloseOrderColor||Color to print on the graph if a long order is closed by the expert.|
|sellCloseOrderColor||Color to print on the graph if a short order is closed by the expert.|
|alertOnClose||To show an alert (alert box) in case conditions are met to close all orders in scope.|
|notifyOnClose||To end a text notification to a mobile device, in case conditions are met to close all orders in scope.|
After payment through Paypal, you immediately receive a permanent link to the download page.
Coding & Programming
Please refer to the Coding & Programming page for a statement on product quality.
Trading requires an enormous amount of time spent in market research. Do not waste your time with dubious tools or dirty code. To build a growing profit, start with a clean basis.
Refunds / Returns:
Return or refund would be acceptable only by direct contact to the seller, on proof of malfunctioning of the purchased software, after customer support has been used.
Product price: 266.30 USD
Notice: By proceeding with the purchase, you are agreeing with the Licensed Software End User Agreement.