Order Manager is a powerful VTL Expert Advisor for VertexFX trading system. Risk management is an important factor in Forex trading sector. To be in the sector for long time and earn profit one has to manage its risk properly. Order manager expert help trade in controls the profit and loss to maintain effective risk management. It allows the trader to manage its profit and loss per trade in proportion with it Account Balance.
Order Manager works with a preplaced orders and control it with the help of set profit and loss which can be set with the help of configurable parameters like StopLossPercentage & TakeProfitPercentage. These parameter are set as a percentage of the total account balance amount.
The expert calculates the risk using the below method:
Risk is equal to Profit Divided by Account Balance
If profit is less than zero & risk is greater than Stop-Loss percentage then the order will be closed.
If profit is greater than zero & risk is greater than or equal to Take-Profit Percentage then the order will be closed.
? ManageAllSymbol : Manage to all symbols by default its true
? UseStopLoss : whether to use the stop-loss or not, by default it is True;
? StopLossPercent : Exact value of Stop loss in percentage by default the value is set to 0.02
? UseTakeProfit : whether to use Take Profit or not, by default it is True;
? TakeProfitPercent: Exact value of Stop loss in percentage by default the value is set to 0.06
Important Note : Please make a note than this Expert does not open any buy or sell order it comes in to action when any order is placed to control the profit and loss.
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