Articles by: David Williams

Profit Manager EA Plug-in for MT4 EA Builder

Profit Manager EA Plug-in for MT4 Expert Advisor Builder: The Profit Manager watches and waits – and then closes your Trades for a Profit

Stop trading when you’ve reached your Profit Target!  The Profit Manager Plug-In monitors the overall profit of your open trades.

You configure exactly what trades you want the Profit Manager to watch and then you set the Profit Target to your desired target.

The Profit Manager Plug-in watches your trades and when the total profit reaches your target, your trades are closed immediately so you can grab your profit from the market before it disappears.

As you may know, my Expert Advisor Builder (Visual Traders Studio) is a free-range, drag and drop EA builder. VTS generates MQL code from the drawings that you create.

Profit Manager MT4 Expert Advisor Builder Plug-in

Profit Manager MT4 Expert Advisor Builder Plug-in

Why do you need a Profit Manager?

I’ve personally struggled with this concept for a long time. Here is the situation: If you have a good trading strategy and it gives you a solid entry signal, BUT, you’ve already had a good trading day, Should you enter the trade?

For example, suppose your daily goal is to make a 1% profit in your trading account. And suppose you have already reached that goal. Should enter the market again, or should you call it a day?

You need to answer this question for yourself, but I’ll tell you what I do.  I stop trading. Why? Because there is always risk in the market. And one thing I’ve learned over the years is that I never really know what the market is going to do. So if I’ve reached my daily goal, I stay out.

Of course, you can also apply this logic to losses. Sometimes you have bad day. The Profit Manager can also be used to close your trades based on a maximum loss value.  Sometimes it’s just better to step away and try again another day. Actually, the maximum loss feature of the Profit Manager may save you more money than the Profit Target feature!

Is the Profit Manager Easy to Use?

This is the entire configuration window for the Profit Manager.  The Profit Manager works as a VTS System Manager, so you don’t even need to drag, drop and connect it.  It’s always there.  Just click on the OpenTrade System Manger and configure.

Like All of my products, the Profit Manager Plug-in comes with Two Promises
:

Profit Manager Configuration

Profit Manager Configuration


1. Free Lifetime Updates: When I add new features to the Profit Manager Plug-in, you’ll receive them free of charge. Life Time Guarantee
iExpertAdvisor 30-day Money back 2. I personally create all of my own software products and I stand behind them. I offer a 30-day, no-questions-asked money back guarantee on every product.


Only $79.00 USD

Add to Cart

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Script & Multi-Platform Plug-in for MT4 EA Builder

Script & Multi-Platform Plug-in for MT4 Expert Advisor Builder: Build Scripts & Expert Advisors in Multiple MT Platforms

The Script & Multi-Platform Plug-in allows you to quickly and easily build  MetaTrader Scripts and Expert Advisors in multiple MetaTrader Platforms.

MetaTrader Scripts are used to automate and simplify your trading.  Now you can use the VTS Drag and Drop EA Builder to create MT Scripts.

And with this Plug-in, you can also build EAs and Scripts in multiple MetaTrader platforms at the same time.  Just click the Build button and the EA or Script is created in not just one, but multiple MT platforms.  How many platforms? Unlimited! As many as you need.

As you may know, my Expert Advisor Builder (Visual Traders Studio) is a free-range, drag and drop EA builder. VTS generates MQL code from the drawings that you create.

MetaTrader Script & Multi-Platform Plug-in

What is a MetaTrader Script?

  • A MetaTrader Script is very similar to an Expert Advisor. Except instead of executing on every price change like an EA, a Script executes only once – when you double-click it.  
  • A Script is built using MQL code and is created the same way that EAs are created in VTS: drag, drop, connect and build. 
  • Scripts can be created to run convenient tasks such as:  closing all open trades, changing a takeprofit or stoploss, closing part of trade, etc., etc. 
  • A Script has access to all MQL functions, including custom indicators, so anything that can be done in an EA can be done with a Script.

Why Multi-Platform?

Many traders have more than one copy of the MetaTrader platform installed.  I personally have at least four platforms installed at all times: The latest version from MetaQuotes, and then platforms for FXCM, InterbankFX and AvaFx.

VTS makes it easy for you to keep your latest Expert Advisors and Scripts in all of your MT platforms. Here is a screenshot of the Multi-Platform screen.  Simply add as many MetaTrader platforms as you like and VTS will build your Expert Advisor and Script-in each and every platform folder.

Multii MetaTrader Platform

Want more details?  Click here to see to the full documentation

Like All of my products, the Script & Multi-Platform Plug-in comes with Two Promises

1. Free Lifetime Updates: I’m always on the look-out for new methods. When I add new options to this Plug-in, you’ll receive them free of charge. Life Time Guarantee
iExpertAdvisor 30-day Money back 2. I personally create all of my own software products and I stand behind them. I offer a 30-day, no-questions-asked money back guarantee on every product.


Only $79.00 USD

Add to Cart

Click here to see our latest specials