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My Money Manager

My Money Manager

Free trial Buy Rent Get it FREE
 
Product OverviewComparisonReviewsManual GuideFAQ
My Money Manager

 

My Money Manager is a trade risk controller, which places your trades with the exact volume that meets your desired stoploss risk. It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position is opening.

With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and professional work now.

This tool is the money manager part that splitted from Auto Trade Driver.

Advanced built-in risk management

One-click-trading panel

Drag and preview trade risk before open

Real-time trade risk monitoring

No conflict with other EAs

Real-time control panel

Auto update new version

Support both MT4 and MT5 platform

Plans & Pricing

License types Trial license Full license Subscription license Referral license
Price Free 49$ / license 12$ / 1 month
24$ / 3 months
36$ / 6 months
Free
Simultaneous accounts per license* 1 account
at the same time
10 accounts
at the same time
10 accounts
at the same time
Referred account(s)
Expiry 7 days after registration No After subscription period No expiry as long as your account is under our referral and account balance is at least 1000$
How to get Free registration Purchase by our supported payment methods Purchase by our supported payment methods Open live trading account with one of our partner brokers under our referral and deposit at least 1000$

*You can use the product with any account number or on any computer/VPS. But only a maximum total amount of simultaneous accounts is allowed to use the product at the same time.

Compare with our other products

FEATURES

My Money Manager

Trade Controller

Auto Trade Driver

Real-time control panel
Calculate lotsize base on stoploss risk
Place orders by drag-n-drop
Preview order’s exit point before enter
Auto protection with multi-methods
Auto  trailing stop with multi-methods
Auto partial close with 3 levels
Ultimate order processing shortcuts
Extra order statistic panel
Platform supported MT4 & MT5 MT4 & MT5 MT4 & MT5
Usage purpose Risk management, lotsize calculating, order monitoring Order control: Protection, trailing-stop, partial close, order processing shortcuts All of those

 

Excellent EA !!! Thank you very much. It works like expert. Opening a position on the market is very professional now with foreseen trade result and real-time updated lotsize calculator. Highly recommended for those who are serious about their money management and statistics.Alexey (Russia)
This utility is simply brilliant! The genius is in how clean, simple and readily available the panel is. The auto lot calculation (based on risk percentage) and setting TP and SL by pip distance, turns the process of processing orders into a cake walk. Great job, this is a tremendous value!Gipson (United States)
Does what I need took a bit of time to get it to work on the machine I installed the demo on first, however sorted it out eventually. Support queries were answer promptly. Calculates my lot size based on parameters available such as balance of account. I like it.Justin Barnes (United Kingdom)

 

Manual Guide

1. Installation:

    • Unzip the product’s package, you will see the “My Money Manager.ex4” and “My Money Manager.ex5” files.

    • Go to MT4 or MT5 data folder by opening MT4/MT5 terminal -> Main menu -> Files -> Open Data Folder.

    • Copy .ex4 or .ex5 file to directory path: /[data folder]/MQL4(5)/Experts/. Go back to MT4/MT5 terminal -> Main Menu -> View -> Navigator -> Right click on Expert Advisors folder -> Refresh -> Find “My Money Manager” -> Double click or drag it the the chart that you want to work with.

    • At startup window -> Common tab -> Enable “Allow DLL imports” and “Allow live trading” check box.

Common tab settings

    • Switch to Input tab, enter your registered email address and activation key in order to activate your license.

Activate license

2. Commission setting

Commission setting is used for risk management calculator to determine the exact lotsize that match with your risk. Commission is counted to trade’s profit/lose in order to giving the exact result of the trade.

My Money Manager - Commission Setting

  • Commission Type: This is how your broker charges commission. It should be “Account currency” if commission is charged on account currency unit, or “Base currency” if commission is charged on base currency of the trading pair.

  • Commission Per Lot: The amount of currency units that charged as commission for a round turn standard lot. If your broker/account type doesn’t charge commission, just leave this value as zero.

3. Risk Management

This feature calculates required volume that meets your accepted stop loss risk. You choose EP and SL with a specified risk percentage of balance that you accept to lose at that stop loss point (including commission), the tool will auto-calculate required volume. Then, you just need one click on the button BUY, SELL, or PLACE ORDER (with pending order), and order will be sent immediately. If you want to calculate and place order with other pairs, just use this tool with those pairs.

My Money Manager - Risk Management

  • Stoploss Risk: The risk percentage that you accept to lose if stop loss occur.

  • Est. Loss+Commission: The estimated loss you will incur at stoploss point. This total loss amount includes order’s loss and order’s commission.

  • Order Type: Choose the order type that you want to take place.

  • Order Comment: Note for your order as regular MT4/MT5 order’s comment.

  • Magic Number: Set the magic number to your placed order for further purpose. Magic number is a unique number that you can set to identify your order. If you don’t have special purpose, just leave it as blank.

  • Set SL/TP By: Choose how to set Stoploss/Takeprofit point. It should be “Price” if you want to set SL/TP by a certain price value, or “Distance” if you want to set them by a distance from the entry point.

  • Adjustment Step: Increase/Decrease space of the price adjustment when using Increase/Decrease arrow button

  • Stoploss/Takeprofit/Distance: Value to determine the Stop loss/Take profit point. Setting Stop loss point is mandatory to calculate appropriate volume (you may remove Stop loss later if you want, but need to enter a value to calculate volume and place order). Leave Take profit as zero means setting an order without take profit.

  • Order Dragging feature: When you are setting EP/SL/TP on the control panel, you will also see that there are horizontal lines with corresponding level on the chart. You can select those lines and drag them to adjust order EP/SL/TP. Due to those level, order type will be auto selected.

This is frequently asked questions (FAQ) and our answers relate to features of product My Money Manager (MMM). For other general FAQ, please check at our main FAQ area. If you have further concern, please leave your question at our contact page.

What can My Money Manager do?
My Money Manager helps you to manage trade risk by giving the exactly lotsize that match with your willing stoploss risk. It also provide advanced drag’n drop feature that allow to adjust orders directly on chart with real-time preview and reporting trade result.
Can I backtest it?
No, this is not a trading robot. So, you cannot backtest it in MT4/MT5 terminal. Instead, you can use it with trial license in 7 days. Trial license allows you to experience all features as in full version.
Can My Money Manager work together with my other EAs?
Yes, it can work with your other EAs simultaneously.
Is it necessary to configure the commission setting?
Yes, it’s necessary in order to calculate your trade risk (lotsize) exactly. If your account has no commission, just leave it as zero.

Commission setting

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Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware  of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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