Been running a few EAs but portfolio management is getting messy.
Need something that can handle position sizing and risk across multiple pairs automatically.
What are you guys using for trade management? Looking at commercial options but not sure which ones actually work.
Position sizing calculators work better than full EAs for this. Most automated trade managers mess up when volatility spikes or correlations change suddenly.
I use a simple risk calculator that sets lot sizes based on account percentage and pair volatility. Then manual entries with predetermined stops. Takes 30 seconds per trade setup.
Commercial EAs often overtrade or freeze during news events. Build your risk rules first, then find tools that execute them simply.
I stick with MetaTrader’s built in trade management features and add a basic position size calculator.
Most commercial EAs promise too much and end up creating more problems than they solve when markets get choppy.
Keep your risk management simple and focus on having consistent rules rather than fancy automation that might fail when you need it most.
Try using the Trade Manager EA. It does a good job with position sizing and can manage risk well across pairs.
Manual control beats any EA for trade management.