MTM – MAX Trade Manager
Contents
1. Anchor to MT4 chart Settings mport Export Control Panel The Control Panel lets you can change how information is displayed in the Risk Profit Panel Global Variables Tick to see the Total Risk Profits for all open Pairs On Chart Terminal Not implemented Space for future goodies On Chart Risk Profit Table Tick to display the Risk Profit Panel Long Table Names Tick this to display words vs abbreviations in the Risk Profit Panel Anchor to MT4 Chart Tick to pin the Panels to the Top Left Hand corner of the chart Settings Not implemented Instead use the Save Load buttons in the MTM Properties box RP Reset the Panel Button The RP Button will delete out any closed Orders from this pair s Panel amp reset the ESL to 50 pips away Note Open Orders will not be affected amp the ESL will stay wherever you left it if you have Open Orders Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 12 of 17 Oct 2014 MTM User Manual v1 0 On Chart Risk Profit Panel Details ET x Symbol Symbol ESL Result 0 77 ESL 077 Open Risk 2 57 DR 257 Dpen Profit 2 05 CP ax Closed Profit 3 34 34 i r4 x 575 IA Profit 5 33 5E D pips Open 47 6 PT 776 pips Taken 77 5 Units 3 Units Open a ESL amp Pip Value Ai dais 410 1290 Spread 52 _ Spread 5 2 Risk 375 58 Risk Entry 352 60 Pip Val 10 00 Posi2. Long Table Labels Anchor to MT4 chart Settings Import Export Order Panel Control Panel Buy Sell Button This button switches between Buy and Sell depending on whether the ESL is above the current price Sell or below the price Buy This action places an Order of 2 Units The Lot sizes are calculated based on your ESL placement amp the risk you allocated in the MTM EA Properties window Scale In SC orders will have the same Lot Size as the 1st MOE order When an order is placed the Order Panel Background will change colours No Orders Placed Processing an Order Order is Open Grey Background Green Background Yellow Background MX Button Closes 1 Unit ie v of an order The order with the most profit is closed first if allowed otherwise the earliest order placed is closed Pressingg XXX Closes all open orders for the pair that MTM is showing in the Order Panel Title Bar HX HXX amp MCB Buttons Hedging orders to partially HX and totally hedge HXX existing order if allowed by the broker Multiple Close By MCB closes all Orders amp their associated Hedges Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 11 of 17 Oct 2014 MTM User Manual v1 0 CP Control Panel Button The Control Panel Button opens another window on the screen Ti x Global Variables GnChart Terminal Iv On Chart Risk Profit T able Long Table Labels
3. be placed when you only wanted 1 order A shaky trigger finger on the mouse can do this The MinimumTimeBetweenOrders setting in the MTM Properties box is can help with this but not every time due to the way MT4 operates Solution MX or XXX immediately Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 16 of 17 Oct 2014 MTM User Manual v1 0 Installation Please check out the webpage for Installation Details http www maxtradingsystem com mtm installation Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 17 of 17
4. E Nanni All Rights Reserved Page 9 of 17 Oct 2014 MTM User Manual v1 0 Details of the MTM Components ESL Line Display The ESL line on the Chart allows click amp drag modification of all the MTM controlled Orders MOEs amp SCs open on its chart pair The distance the ESL is from the current price in pips is displayed in the Risk Profit Panel ESL amp Pip Value 87 3 1 06 Spread Fa Risk 92 65 Pip Val 7 58 TT 00 31 42 CT 00 37 47 ESL amp Lot Size details highlighted in the Risk Profit Panel MTM calculates the Order Size based on the ESL size amp the RiskPercentage setting that you set in the MTM EA Properties box when attaching MTM to the chart default 2 After a reset RP or if MTM has just been attached to a chart or the chart template of profile is refreshed updated or changed then the ESL Line will normally initially appear 50 pips above or below the Current Price on the Chart Note If you cannot see the ESL line on the chart check the ESL size in the panel It could be too far away press the Order Panel s RP button to bring it within 50 pips of the Current Price Move the ESL to set the ESL price amp distance you want your Order to have Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 10 of 17 Oct 2014 MTM User Manual v1 0 Order Panel Details Global Variables Gn Chart Terminal IV On Chart Risk Profit Table
5. Expert Advisors Mi MS mis M30 Hi Hd A Navigator p USDCAD H1 1 02706 1 02773 1 02631 1 C A MetaTrader f B Accounts F Indicators ustom Indicators i Enter BEES Delete Insert Add to favorites Set hotkey 9 Online library MTM in the Experts Folder of the Navigator Pane Right Click amp Select Attach to a chart or Click amp Drag the Max Trade Manager Expert Advisor EA onto the chart amp Drop it there If all is well the Properties Box will open if not then go back through the Installation Section Probably Visual Basics Powerpack or DotNET needs to be installed See Pre Install Preparation Pick your Operating System for details Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 5 of 17 Oct 2014 MTM User Manual v1 0 MTM Properties Setting When MTM is attached to a chart you will see these adjustable options Set the Common Tab Tick Boxes like this Safety Allow DLL imports C Confirm DLL function calls Allow import of extemal experts Enable alerts _ Disable alert once hit Live Trading Allow live trading C Ask manual confirmation Common Tab of the MTM Properties Box Set the Input Tab s Values to suit yourself Variable RiskPerOrderEntry 123 Minimum TimeBetween Orders 2 OrderConfimationDialogue i Strategy Testerinertia 43 AnnotateOrders ZA NumberO
6. for MTM MAX Trade Manager Version 1 0 Prepared by MAX Trading System 2014 Oct 2014 MTM User Manual v1 0 Index User rire H EE 1 NOK EEEE E SET ET EE ET T E T E A E A tack Cue neer tana 2 MAX Trade Manager MTM Intro anion el cates OE tee I ttes ee mt deo e be eR Ha ase ie 3 LIBRUM Te sir AMON REPRISE RP NETS E 4 Attaching MTM 1o a chart rece pd dice pi d rci dass lee ie tex Pha E EEE EES B MTM Properties Setting eros ies te cles Be ctw a ae Oe css Ce Sat eu emen inu ones i nes 6 Descriptions of the Input Tab Properties ussssessseeeesseeeeeeneeeneeennene nennen nnnm nnn nnn 6 The MTM Garmponbllls ito cete tt ceat IEEE pcc tes cete Omas adt bec ias tdi Uem c restet RC 8 Loading MTM on aS NATE EC Tp O n 9 Details of the MTM COMmpOnentSs ccioss cascescidieeerts eor Ete trr do a epseaidhonde Otro SLE tren doom p aeos See epade 10 ESL Eine Display ue d te P e uet dk ra t t tas t cus esu Lau eMe 10 Order Panel Details ieu E tei ea pod ex edu dr x ra pa dee e quede san aep cena quat oeuc pee dee guae eon aee edis 11 BuysallBULteis e aed bna t tud ied tttm E 11 IP Msi P C 11 HX HXX ae POG Bs TOPS siira Suec ides baee Fecerat Re ob eure bote t oo dessa Posen d baee bae Dude 11 GP Gontrol Panel Butta risen ich deren rk her iere E DE XM EAD ERRARE EE ECEP UNES RE cR 12 Globa
7. ice before the order is cancelled UseMagic Magic Numbers are used by EAs identify their own orders Magic This is the number that MTM will use default is 69 Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 7 of 17 Oct 2014 MTM User Manual v1 0 The MTM Components When MTM runs amp you have the Expert Advisor EA enabled you will see these panels on your desktop amp the ESL Line on your chart Auto Trading ON gt Aoredno MAT rade Mon p x Global Symbol ESL Result 0 00 0 00 Open Risk 0 00 0 00 Open Profit 0 00 0 00 Closed Profit 0 00 0 00 XXX Profit 0 00 pips Open 0 0 pips Taken 0 0 1 enim o i Next Trade ESL amp Pip Value 23 4 4 03 Spread 1 2 Risk Entry 95 65 Position Pip Value 7 30 Total Time 01 14 34 Candle Time 00 00 17 Risk Profit Panel ESL Line MTM Panels ESL Line amp EA Settings ESL Line Emergency Stop Loss Line This line appears in the MT4 Chart that MTM is attached to Order Panel This always appears as a separate window that sits over MT4 On Chart Risk Profit Panel This panel is optional amp appears as a separate window over MT4 AutoTrading Button previously Expert Advisor This MT4 button must be ON for MTM to work Smiley Face The Face amp the name MAX Trade Manager will appear in the chart that MTM has been attached to The Face must be Smiling fo
8. ight 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 2 of 17 Oct 2014 MTM User Manual v1 0 MAX Trade Manager MTM Intro MTM is designed to help traders manage their Entries amp Exits while monitoring their risk their profit amp their orders on Live Charts Demo Charts and in the Strategy Tester It is specifically designed for The MAX Method i e trading a MAX Trade Sequence with multiple Scale In orders amp The MAX s Money Management Method However Risk amp Money Management are the key to successful trading amp we want the MAX Members to be as proficient as possible They will be able to see what their Risk amp Profit levels are while trading We expect this will help you understand Risk amp Profit help you practice amp help you trade more easily MTM Features e Allows you to Place amp Close amp or Hedge Orders for non US brikers by a simple one click execution button e Enables you to alter all Stops by shifting the ESL line on the chart e Calculates the Orders lot sizes based on the Account size Maximum Allowable Risk amp ESL pip distance for the first Order Entry This order size will be re used for all subsequent orders in the same Sequence e Annotates the Entry amp Exit points on the chart with User Specified nomenclature e g MAX uses MOE SCs MX etc to name each position change e Displays the Risk Profile of the Closed amp Open R
9. isk amp Profit levels of the complete MAX Trade Sequence for the Current Chart MTM can optionally track the statistics for all orders in the whole Account e Timer function for recording used to record the time taken since pressing the RP button e g for recording the length of a Trade Sequence e Accurately displays the Candle Time Remaining to the Bar Close This works in the Strategy Tester as well as Live Demo Charts e Close orders by MX or XXX Close orders or Pairing the order s with a Hedge Order HX HXX amp MCB If your broker permits e Exports amp Imports its EA Settings to easily duplicate its setup on other Pairs and Platforms Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 3 of 17 Oct 2014 MTM User Manual v1 0 MTM Installation The Installation Section has been moved to the end of this document on Page 17 as it is infrequently used Once you ve installed MTM then come back to the next section Called Attaching MTM to a chart Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 4 of 17 Oct 2014 MTM User Manual v1 0 Attaching MTM to a chart Once installed amp you have restarted MT4 MTM will appear in MT4 in the Experts section of the Navigator Pane V 514580 MetaTrader ActivTrades Demo Account USDCAD H File View Insert Charts Tools Window Help Ie alo E
10. l VarlablBS 5 dar ale a e er oat a ecl sais eua dale ante E pasa a parca 12 Ornohart terminalaren mre tie ases t eaa aS eI aito ut aos itas aste ated tes 12 On Chart RISK Prolt Table auis am into rs p cn ndo e ete o saa ef tu qa to EEA ot so etae ride cud ot au ex de ra d adt 12 Long Table Names eet m o bm tne un ED P e ce A 12 Anchor to MT4 G ar S deus ec aa aurca pr oc Pia d apr p ki na aea s a Duo d ara RR a nba a eau Ro dae n evade 12 nip MEE 12 RP Reset the Panel Button esa testet one ade mtu di Vn Um aree 12 On Chart Risk Profit Panel Delalls 53 2 c P rere etr erre Ree Ebo he bec ed Qe Ee Rie rated 13 G tchas amp IdioSynehfaclBS o ooo eet Eee it e E ee E t inb ends Edid stop eeu NEC DU iUE 14 M ltiple Same alle 9 6o n Ss reece lease vin ec ned Ebr ounce opa AEE OaE ney ena diac add 14 LoStE SE do didt ni e maet era Qoa i etur a iode ba Pasa dui Diuk botes a a uera ue T bI DUE 14 MTM Does not Initialise when starting eeessseeseeeeeeeeeneeeennnnnn emen nennen 14 More Gotchas below cannot see the MTM Panels sese 14 cannot see the MTM Panels sco ies Sev umo Oen dq een aestate 15 b Centre Panels HOIKBy uice eal accede Re eH e Pt Eta emt eder tio ae ied eoi de 15 Orders DoBUDIBdg Jpn eo aae tsedeteet inen Eb onan tede easque odtein nuce Nada dev lath adea a 16 Solution MX OF wis asian due ud on HE o d ge e nd dt on vc at on d pp E Ru re td cid 16 l arzirzirzti or ET T 17 Copyr
11. r MTM to operate MAX Trade Monitor x If there is an X present in the corner MTM will not work Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 8 of 17 Oct 2014 MTM User Manual v1 0 Loading MTM on a Chart The process MTM goes through when MTA is started or MTM is attached to a chart is this 1 First make certain the Expert Advisor Button is pushed in Wj915254 MetaTrader ActivTrades Demo Account File View Insert Charts Tools Window Help e hv amp d Es ey E New Order lt gt Ex AutoTrading 2 The Order Panel amp the Risk Profit Panel will display somewhere on your monitors screens not necessarily on the MetaTrader charts 3 If you cannot see them check the Gotcha s section Pip Val TT CT Risk Profit Panel waiting for MTM to populate with data 4 There will be a pause of several seconds while each instance of MTM interrogates the MT4 account s Trade Balances amp Orders Once this is complete the Risk Profit Panel will display see above 5 MTM will then populate the Risk Profit table with data amp 6 The ESL line will appear on the chart 7 For the geeks When MTM is running each instance will have BP exe running You can see this in the Task Manager If the Panels do not appear check the Gotchas section on Page 13 for help Copyright 2014 Max Trading System C Windham C Sedcole amp
12. rdersNames hied ProfileFontSize ProfileFontColor is Slippage Z UseMagic he3 Magic Input Tab of the MTM Properties Box Descriptions of the Input Tab Properties Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 6 of 17 Oct 2014 MTM User Manual v1 0 Sets the Percentage risk per each order TUSKPOFCHSQHEDIY 296 of the account is the Default risk percentage Sets the Seconds to wait between order entries to eliminate accidental Mouse Double Clicks MinimumTimeBetweenOrders Note this eliminates many double ups but because of the way MT4 works some double orders can still be entered quickly A confirmation box appears for you to approve the order before it is entered Note This can slow down entries when trading fast markets OrderConfirmationDialogue Sets a time delay to stop the Strategy Tester ticks from StrategyTesterlntertia overwhelming MTM at high speed Default 0 25 seconds When True MTM will write MOE MX etc on the chart AnnotaleOrders when orders are executed Like Homework markings When True MTM will increment order annotations as the W tmbeFOFderstvames trade progresses eg MX1 MX2 SC3 SC4 etc ProfileFontSize Sets the Annotation Font size ProfileFontColor Sets the Annotation Colour Sets the Number of pips price can move from the Slippage execution pr
13. rs on the wrong platform However you can run MTM on multplie pairs across multiple MT4 platforms just make sure the names are not indentical Similarly for the Strategy Tester DO NOT run MTM on alive chart and a Strat Tester chart of the same pair at once Only one of them will work Lost ESL If you lose the ESL Line on your chart then do the following in order until the ESL appears These presume that the ESL used to appear on yur MT4 platform Press the RP button to bring it within 50 pips of the current price The ESL might appear failing that Open the MTM Properties amp click any setting as if you were changing it but don t amp click OK The ESL might appear failing that Remove the MTM EA from the chart amp Re attach it The ESL might appear failing that Close amp Restart MT4 The ESL might appear failing that Reboot your PC Make certain you reboot your PC at least once a day The ESL might appear failing that Call me Skype maxtradingsystem MTM Does not Initialise when starting 1 MTM does not instantly burst into life it can take a minute or 2 before the Panels to display More Gotchas below Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 14 of 17 Oct 2014 MTM User Manual v1 0 I cannot see the MTM Panels This can be caused by several things 1 If a Chart is Obscured completely the panels will hide them
14. selves Check the chart is being displayed 2 MTM does not start a Check the EA smiley face is smiling Solution Press the AutoTrading Button in the File Menu Re Attach the MTM EA Restart MT4 b Check with Task Manager that BP exe is running Press these keyboard keys CTRL Alt Delete to bring up the Task Manager Navigate to the Processes Tab amp check BP exe is running in the list of ImageNames be careful You could mess up windows in here Solution Press the AutoTrading Button in the File Menu Re Attach the MTM EA Restart MT4 3 The panels could be off the computer screen hovering somewhere in space a Move your chart until the locked panels come back onto the screen They are locked to the top left corned of the display b Centre Panels Hotkey Hold down the Control Alt keys amp click the chart background This will bring the panels to the primary computer display 4 The Risk Profit Panel does not display but the Order Panel is displayed a Check the Control Panel amp make sure the On Chart R P Panel is set to display b Reset the MTM EA by bringing up its properties change the font size to 32 amp back amp click OK c Un attach not un install MTM amp re Attach MTM to the chart d Restart MT4 Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 15 of 17 Oct 2014 MTM User Manual v1 0 Orders Doubled Up It is possible that 2 or 3 orders can
15. tion Pip Value 10 00 TT 07 19 19 Total Time 07 18 54 CT 00 04 35 Candle Time 00 05 00 Long Names Short Description ESL Result Percentage won lost if the ESL is hit OR Open Risk Percentage won lost on the remaining Open Orders if ESL hit Open Profit OP Percentage won lost on the current Open Orders if XXX d now Closed Profit CP Percentage won lost on the previous Closed Orders XXX Profit Percentage won lost if the orders are XXX d right now Pips Open Total pips on all Open Orders Pips Taken Total pips on all Closed Orders Units Open Units Total Open Units left ESL amp Pip Value ESL distance in pips amp resulting calculated Lot Size in pip Spread Current spread value of the pair Risk Entry Ignore Used for calculation verifications Position Pip Value Present pip value of a Standard Lot in the Account s Currency Total Time Time since EA was Reset RP pressed Candle Time Time left on the current candle Copyright 2014 Max Trading System C Windham C Sedcole amp E Nanni All Rights Reserved Page 13 of 17 Oct 2014 MTM User Manual v1 0 Gotchas amp Idiosynchracies The following are some of MTM s idiosyncrasies amp workarounds for them Multiple Same Pairs DO NOT run MTM on charts with the same pair name E g Do NOT run MTM on say 2 EURUSD charts at once even if they are from different brokers If you do this you could end up placing orde
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