🎯iCue Manager
iCue Trade Manager (Expert Management Tool)
What is it?
iCue Trade Manager is an expert management tool designed to elevate your forex trading experience by providing advanced automation and control over individual trades. This tool acts as your vigilant trading partner, executing precise position sizing, break-even and trailing stop losses based on your preferences. With iCue Trade Manager, you can streamline your trading processes, enhance risk management, and seize opportunities with ease.
How to use it
This is for traders seeking to automate their position sizing and individual trade strategy. Incorporate the power of iCue Trade Manager into your trading routine:
Pending Order Trigger: Suppose you have identified a currency pair that is approaching a key demand level. Using iCue Trade Manager, you can set a pending limit order to trigger automatically when the price reaches the desired level. This eliminates the need to figure out what lost size to use which ensures you never overlevarage your account. Don't miss out on potential trades due to FOMO.
Market Execution Order: Alternatively, let's say you're tracking a currency pair that is exhibiting strong momentum. With iCue Trade Manager, you have the option to set a trigger to immediately execute a market order. Again the software will automatically place the correct position size for you based on how much % risked on the trade. This allows you to capitalize on rapid market movements without delay.
Effortless Stop Loss Management: iCue Trade Manager offers a customizable feature that enables you to manage your stop-loss levels seamlessly. You can choose to manually set your stop loss or allow iCue to calculate it based on a daily Average Daily Range (ADR) percentage. This dynamic setting adjusts your stop loss according to market volatility, enhancing risk management.
Break-Even and Trailing Stops: To protect your profits, iCue Trade Manager offers break-even and trailing stop functionalities. For instance, if your trade reaches a specific profit level, iCue can automatically adjust the stop-loss to the entry price, ensuring that you secure a risk-free trade. Additionally, as your trade progresses favorably, iCue's trailing stop feature trails the stop-loss to lock in profits as the price advances.
Partial Profits: Embrace the flexibility of partial profits with iCue Trade Manager. As price movements align with your desired targets, iCue enables you to close a portion of your position while letting the remaining trade run. This strategic approach allows you to secure profits along the way while capturing potential extended gains.
Settings explained
iCue Trade Manager
Risk % of Account per Trade
Percentage of account risked per trade
Stop Loss ADR Ratio
ADR ratio in case iCue trigger was placed with no stop loss
Risk to Reward Ratio for Take Profit
Risk to reward ratio for take profit
Breakeven Mode
No breakeven, break even by points, by risk to reward blocks
Apply Breakeven After Certain Stop Loss Ratio
Yes/No for applying breakeven after a certain stop loss ratio
Add Profit to Breakeven (Locked Profit Buffer)
Yes/No for adding profit to breakeven
Apply Breakeven After Certain Number of Points
Yes/No for applying breakeven after a certain number of points
Add Profit in Points to Breakeven (Locked Profit Buffer)
Yes/No for adding profit in points to breakeven
Trailing Stop Loss Mode
Points trailing, trail using risk to reward blocks, no trailing, ratio to stop loss trailing
Trailing Stop Loss Start in Points
Starting point for trailing stop loss (works with points trailing)
Trailing Stop Ratio to Stop Loss
Ratio to stop loss for trailing (works with ratio to stop loss trailing)
Minimum Target to Trail by Blocks
Minimum target to trail by risk to reward blocks
Steps to Trail by Blocks
Steps to trail by risk to reward blocks
Partial Close Based on Risk to Reward Ratio
Yes/No for partial close based on risk to reward ratio
Pending Orders Expiration
Expiration time for pending orders
Delete Orders at Set PC Time
Yes/No for deleting orders at a set partial close time
Maximum Allowed Slippage
Maximum allowed slippage for orders
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