# 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:
1. **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.
2. **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.
3. **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.
4. **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.
5. **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**
| Variable | Explanation |
| -------------------------------------------------------- | -------------------------------------------------------------------------------------------- |
| 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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