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Manishzian,
Ninza (dot) co has a "Smart Flattening tool" which does work ok, if you want to flatten all positions at a specified $ value, boith in terms of loss and profit. That figure is adjustable and can be changed, even if you are in a position. The number of instruments that can be input, depend on your data feed.
I like it. I just downloaded the audio files for the alert. Before that all I had was a pop-up box and no sound. Now I have an audio alert as well. On a few of the choices it gives you a choice to close a position if it's x ticks in profit or loss (you specify the amount) and you can choose to have it close the position. You can customize the text messages you want to appear in the pop-up alerts.
Also the latest version allows you to choose ticks for futures instead of pips.
I have not used it in awhile but I should use it every time I trade. The demon of overtrading has come back again. Actually it never left, it was just waiting.
this isnt too bad for trade management only, but it doestn cover account management settings like drawdowns, daily losses etc. Each trade will be looked at single by single w this tool...
the other one mentioned here Risk Manager something something doesnt have a lifetime option which is ridicolous to me..
...after seeing all the bad comments on GAT im hesitant to buy & try as hes not giving trials.... would anyone want to sell me his license whos hating or not using it?
I am using GAT now actually and liking it. It's easy to use and I've been reporting bugs to the developer and he has been fixing them pretty quickly and sending me the updated installer.