Introduction
Trade Manager EA for MT4 is a trading algorithm designed to simplify the process of forex trading. It has been well received by users, with a number of them praising its simplicity and functionality. The Trade Manager EA has an average rating of 4.38, which is impressive for a forex trading robot. However, this does not necessarily mean that it is the best choice for all traders. In this review, we will compare the features of Trade Manager EA to one of our bots from the EASY series, EASY Breakopedia.Comparison with EASY Robot
EASY Breakopedia is our company's top tier trading robot. Unlike Trade Manager EA, EASY Breakopedia is designed with an advanced algorithm that allows it to adapt to market changes. This gives it an edge over Trade Manager EA, especially in volatile markets.While Trade Manager EA has a simple and easy-to-use interface, as mentioned by the user profitfromwireless, it lacks the sophistication of EASY Breakopedia. EASY Breakopedia allows you to customize the bot to your trading strategy, giving you greater control over your trades. Another user, “anilds10”, has also suggested that Trade Manager EA’s panel could be resizable for better usability which is already a feature in EASY Breakopedia.
Pros and Cons
Trade Manager EA- Easy to use
- Useful features like automatic Lot size calculation and 'Move SL to Breakeven'
- Complaints of not being able to save user preferences
- Interface not movable or resizable
- Does not adapt to market changes
EASY Breakopedia
- Advanced algorithm adapts to market changes
- Customizable to individual trading strategies
- Movable and resizable interface
- Premium user support
- Might be difficult for beginners to understand due to advanced features
Optimal Conditions for Trade Manager EA
Trade Manager EA appears to work best in stable market conditions, where the profit and stop levels are relatively predictable. This is because the robot lacks the sophistication to adjust to dramatic market changes. On the contrary, our EASY Breakopedia is designed to perform optimally in both stable and volatile market conditions.The Trade Manager EA for MT4 Source Code
While we don’t have the actual source code of the original Trade Manager EA for MT4 sold on MQL5, we can generate a code based on its description on the MQL5 website. Note that this is just an example from easytradingforum.com, based on the Trade Manager EA for MT4’s description. If you have any questions regarding the code, feel free to ask them.Please note that the EASY Trading Team does not sell Trade Manager EA for MT4. We have simply created a trading robot code based on its description, for demonstration purposes.
Code:
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