This review looks at Imran Hingora’s Trade Manager Pro MT4 Forex robot and the services it offers, we go through their strategy, price, and client feedback. Is Trade Manager Pro MT4 EA a scam? We answer that question in this review. Read through our Trade Manager Pro MT4 review to see what experts have to say about Trade Manager Pro MT4 Expert Adviser.
Table of Contents
What Are Forex EAs?
An expert advisor (EA) is software that directs and guides you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of an Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider many variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what they offer and other proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Trade Manager Pro MT4 EA Review
Trade Manager Pro is a creation from Imran Hingora on the 9th of April 2014 onto the MQL5 marketplace under the Experts heading.
How Trade Manager Pro MT4 EA Works
In this section, we cover the strategy of the EA. We also looked at the trade result, if they provide any. For the trade results, we hold results that are posted on myfxbook to be standard, but we also consider fxblue and other alternatives.
There are a number of different trading stop options available:
- Simple trailing
- Parabolic trailing
- ATRStop trailing
- X Bars Back trailing
- Fractal based trailing
- Bollinger Bands trailing
- Moving Average trailing
- Donchian Channel trailing
A number of parameters are also available, they include things like the maximum drawdown levels, basket stop losses and take profits, to use time filters, whether to reverse trade, alerts, mail, and mobile settings
Trade Manager Pro MT4 EA Price
Trade Manager Pro MT4 comes at a price of $97 USD to purchase and own it outright. It can also be rented at $30 per month.
There is a free demo version.
Client Feedback
Customer feedback is a vital instrument for us to offer a quantitative review and analysis of an EA. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used Trade Manager Pro MT4 EA before, at least not enough to form a conclusive decision.
Read through our EA reviews like Smart Charts Review to compare and contrast the services they offer. You can also read our reviews onAlgominr, FxPriemere, and SwingVip.
Conclusion
Because of the two review we read while reviewing Trade Manager Pro MT4, we wouldn’t advise you to use this EA.
We recommend that you download a free demo to see if it suits you first before paying a fee.
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Strategy: Scalping
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Strategy: Stop and Reverse
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Currency Pairs: EUR/USD, EUR/GBP and USD/CHF
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Strategy: Scalping
Time Frame: M1, M5, M15
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