NovicoSoft.com

NovicoSoft Trade Manager for MetaTrader makes trading easier and intuitive. Trades can be opened straight from the charts with automatic calculations and display of order parameters such as Lot Size, Risk/Reward Ratio, Order Type (Stop or Limit) etc.

To download a free trial of NovicoSoft Trade Manager, please see Downloads ...

These are some of the screenshots of the trade manager:

Please see the User Guide for more product screenshots...

The trade manager has the following main features:

Easy Installation

The NovicoSoft Trade Manager is provided as a MetaTrader Expert Advisor (EA). The installation is done by copying the required files to the MetaTrader installation.

Easy Order Entry straight from the Charts

The order parameters such as Lot Size, Order Direction, Order Type, Stop Loss, Profit Target can be easily specified using the NovicoSoft Trade Manager, which is displayed on the chart itself.

Automatic Lot Size Calculations

The order Lot Size is automatically calculated based on user-defined criteria such as fixed Lot Size, Amount Risked for the Order or Percentage of Account Balance Risked for the Order.

Automatic Stop & Limit Order Type Determination

For Pending order, the trade manager automatically determines the order type such as Stop or Limit.

Specify Stop Loss & Profit Target as Price or Pips

Stop Loss and Profit Target can be entered either as fixed price or as a distance from Open Price in Pips.

Display & Management of Order Prices on the Chart

Order prices such as Open at Price, Stop Loss and Profit Target are displayed as lines on the chart. These lines can be moved around to change the respective order prices.

Order Information Display

A variety of valuable information for the order is displayed such as Risk/Reward Ratio, Risk Amount and Reward Amount, Risk Pips and Reward Pips.

Existing Order Management

Existing Pending and Market orders are displayed and can be easily managed using the NovicoSoft Trade Manager.

Please see the User Guide for detailed description of the features and usage of NovicoSoft Trade Manager.