Brief Overview of Features
Click on a feature in left and right side to see its proper details with video.
- COLLAPSIBLE MENU
- MAGNET TO CLOSEST PIP
- VISUAL INFORMATION
- CHANGE ORDER
- SINGLE CLICK ORDER ENTRY
- ONE HOM FOR ALL ORDERS
- MAXIMUM TWO HOM INSTANCES
- SPECIAL FEATURE
- PHANTOM STOP LOSS
- PHANTOM ORDERS
- MODIFY PHANTOM ORDER
- SPLIT ORDER
- PARTIAL CLOSE
- PERSISTENT ORDERS
- CUSTOMIZABLE RISK MODEL
- CUSTOMIZABLE COLOR SCHEME
- LIVE ORDER STATUS
- AUTO ORDER MANAGEMENT
- CHANGE TRAILING STOP METHOD
- AUTO TRAILING STOP
- SINGLE CLICK ORDER DISPLAY
- BREAKEVEN STOP LOSS
- CLOSE ORDER
- CLOSE ALL
- MODIFY ORDER
- CHANGE CHART SYMBOL
- CLOSED ORDER DETAIL
- SKIP BACK TEST DATA
- PAUSE BACK TEST DATA
- MULTI TIME FRAME LAYOUT
- LINKED CHARTS
- TOGGLE CHARTS
- INTERNAL LOGGING
Amazing Powerful Features
Simple looking but feature rich, very sleek, extremely responsive and easy to operate.
MAGNET TO CLOSEST PIP
All order entry and modification price controls can magnet to closest pip. Override is possible with SHIFT key.
VISUAL INFORMATION
Lots of visual information available about order risk reward, profit / loss in pips, dollar amount, and percentage. Detail information available for any open or closed order.
CHANGE ORDER
Just by changing stop entry / phantom stop, all entry controls can be changed from Buy to Sell order and vice versa, before placing order. Also by changing stop entry and phantom stop controls, you can change between stop, limit or bracket entry (OCO).
SINGLE CLICK ORDER ENTRY
Just by clicking while CTRL key is down at the price level of your order, it will display entry controls. You can adjust them to your liking and make ready for execution.
Just this feature is worth every cent of your money, and reason enough to PURCHASE IT
ONE HOM FOR ALL ORDERS
Only one instance of HOM is needed in your broker’s terminal to manage all phantom / live orders for all allowed currency pairs.
MAXIMUM TWO HOM INSTANCES
Maximum two instances of HOM are need in each MetaTrader platform. Both separate instances of HOM can run, one in live/demo account and another in strategy tester, concurrently without interfering with each other.
SPECIAL FEATURE
You can avoid getting into trade or stopped out of the trade little early or little late due to broker’s bid/ask difference with market’s bid/ask prices.
PHANTOM STOP LOSS
Phantom stop loss is hidden from Broker’s platform. Hard stop entered on broker’s platform is visible to both Broker as well as market participants. If you suspect of constant stop running, phantom stop loss is your answer.
PHANTOM ORDERS
Phantom orders are hidden orders and not visible on Brokers platform. Instead of having pending stop/limit order on Broker’s platform, phantom orders are monitored by HOM and executed only when your order entry criteria are matched.
Just this feature is worth every cent of your money, and reason enough to PURCHASE IT
MODIFY PHANTOM ORDER
Buy/Sell phantom order can be changed from stop to limit, limit to stop, or bracket entry (OCO). But you can’t modify buy phantom order to sell order, and vice versa.
SPLIT ORDER
Ability to split phantom order from beginning into sub-orders (with same magic#), when defined order criteria is reached.
PARTIAL CLOSE
Ability to partially close existing live order. You can close part of an order (at profit/loss), and keep another part (to let it run/give more time).
PERSISTENT ORDERS
All information related to phantom / live orders is salved internally in HOM. No information is lost if HOM is stopped due to expert advisor issue / broker’s platform crash / internet connection loss. It picks up from the last time as soon as EA is restarted.
CUSTOMIZABLE RISK MODEL
Risk for your order can be defined based on fix # of lots, fix percentage of account balance, or fix dollar amount.
Just this feature is worth every cent of your money, and reason enough to PURCHASE IT
CUSTOMIZABLE COLOR SCHEME
All trader’s chart color scheme is different. If HOM’s default color settings are not appropriate for your chart, you can customize HOM’s color scheme.
LIVE ORDER STATUS
View all information about any live order open for modification like no. of lots, whether in profit or loss, how much (in no. of pips and dollar amount).
AUTO ORDER MANAGEMENT
HOM can handle all your orders during their life cycle – from auto entry, adjustment to close. (Auto trailing stop).
CHANGE TRAILING STOP METHOD
All five trailing stop methods can be changed from one to another throughout the order’s life cycle. (Auto trailing stop).
AUTO TRAILING STOP
Besides option to opt out auto trailing or manually adjusting stop for your order, HOM provides five auto trailing method. Each one of them is highly customizable to trader’s requirement.
Just this feature is worth every cent of your money, and reason enough to PURCHASE IT
SINGLE CLICK ORDER DISPLAY
Any order can be displayed for modification just by selecting from drop down order list. If symbol on current chart is different from symbol for order, HOM will on the fly change symbol before order is displayed for modification.
BREAKEVEN STOP LOSS
If your order is in profit, you can set stop loss for order to breakeven in single click. By pressing SHIFT while clicking will set it to breakeven for all orders grouped based on magic# of selected order.
CLOSE ORDER
Any order can be closed in single click. By pressing SHIFT while clicking will close all order grouped based on magic# of selected order.
CLOSE ALL
All phantom orders can be closed in single click. By pressing SHIFT while clicking will close all phantom and live orders.
MODIFY ORDER
After adjusting stop and / or target price, any live order can be modified in single click. By pressing SHIFT while clicking will modify all orders grouped based on magic# of selected order.
Just this feature is worth every cent of your money, and reason enough to PURCHASE IT
CHANGE CHART SYMBOL
No need to open new chart or even press ENTER and type symbol name. Just one click from the drop down symbol list will change symbol on the chart.
CLOSED ORDER DETAIL
Show / Hide all closed orders on chart with detail information and better visual presentation for review / evaluation.
SKIP BACK TEST DATA
In Strategy Tester, HOM has ability to skip back test data to custom date and / or time at fastest speed in visual mode.
PAUSE BACK TEST DATA
In Strategy Tester, HOM has ability to pause back test data at each new bar on any of the defined standard time frame.
MULTI TIME FRAME LAYOUT
Ability to work smoothly in MTF (multi-time-frame) profile setup. Traders analyzing based on multiple time frame will love to change symbol on all charts to make quick decision.
Just this feature is worth every cent of your money, and reason enough to PURCHASE IT
LINKED CHARTS
Ability to link charts. If symbol is changed on one chart, it will be reflected on all linked charts. If cursor is synced, it will move together on all charts to reflect current location. Traders can also scroll all charts backward together.
TOGGLE CHARTS
Ability to toggle between linked and unlinked charts. You can see charts without actually changing profiles (MTF or MajorPairs).
INTERNAL LOGGING
Ability to keep log of each and every modification throughout order life cycle. Like order ticket#, date and time, symbol, stop / limit entry price, stop / target price, or stop loss trail method.
Just for dollar or two per day (cost of a coffee/donut), you can have all this features of Holistic Order Manager!
We are confident that you can sacrifice, a coffee/donut a day, for dramatic improvement in your trading endeavor.
This will significantly add ease of use in your trading business.
There are enough features in HOM worth your money, and reason enough to PURCHASE
VIDEO TUTORIALS
More Information
The HOM TradeManager can do much more!
Holistic Order Manager Expert Advisor Parameters
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Risk Model (%/L/$ [: split %+%... [: TrailCode [* RRRatio]]])
Risk Model is the most versatile and important parameter of HOM system. This sets up the default behavior of HOM system. It is setup as text value. It has three parts, each separated by colon (:) character and in specific order. First part is required. Second and third parts are optional. If you need to define part 3, you must also define part 2 before it.
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Allow Phantom Orders
This parameter takes true/false value. If it has true value, HOM System will allow you to place all orders as phantom orders. That means no order will be entered into Broker’s platform until current market price reaches your entry price criteria. You can change any phantom order later on in the system before it is executed. If this parameter has false value, HOM System will not create phantom order, but based on order entry criteria, it will create pending stop or limit entry orders in Broker’s platform for execution.
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Allow Auto Order Management
This parameter takes true/false value. If it has true value, HOM System will automatically manage Phantom Stop and Target for all orders in the system. It will also move Phantom Stop based on trailing method specified for each and every live order in the system. If this parameter has false value, it will not manage any orders, and all orders will be closed by Broker’s platform based on Hard Stop and Target set.
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Allow Rounding to Pip
This parameter takes true/false value. If it has true value, HOM System will automatically round all order prices based on buy or sell order. For buy order stop and limit entry, as well as target prices will be rounded up to closest pip, and Phantom and Hard Stop will be rounded down to closest pip. It is opposite for sell order. If this parameter has false value, all prices will be at the prices based on where exactly the order is clicked on the chart. This works for each and every price control during order entry and modification. Even after setting default parameter choice, you can override it for individual price control during order entry and modification. You can press SHIFT key while changing any price, and it will do opposite of this parameter. If rounding is on, for example, and if you want to move Phantom Stop to exact price (1.30017) from current rounded price (1.30100), you press SHIFT while moving Phantom Stop control to 1.30017 and drop it. It will stick the control at exact price. It is opposite behavior if this parameter value is false.
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Hard Stop away from Phantom Stop (in points)
This parameter takes integer value. It sets the distance in points for Hard Stop from Phantom Stop during initial order entry, and while auto adjusting Phantom Stop based on trail code set for order.
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Hard Target away from Phantom Target (in points)
This parameter takes integer value. It sets the distance in points for Hard Target from Phantom Target during initial order entry, and while auto adjusting Phantom Stop based on trail code set for order.
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Adjustment from current chart price (in points)
This parameter takes integer value. Sometimes there is difference between Bid price printed on Broker platform’s charts and the actual Bid price in the market shown on window when you click “New Order” to place manual order. Because of this difference you order will be executed before or after when it should get executed. If this is the case, you can set the difference in points here, and HOM System will open your order exactly when your entry price is at price in the market.
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Open Slippage (in points)
This parameter takes integer value. You can define the slippage in points allowed while opening the order. Usually during fast markets, your order may not get filled at your desired price. In that case you can set the worst price you will allow away from your entry price. If the market price moves away fast from your entry price, HOM System won’t execute your phantom order entry.
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Close Slippae (in points)
This parameter takes integer value. You can define the slippage in points allowed while closing the order. Usually during fast markets, your order may not get filled at your desired price. In that case you can more room for your order to get closed away from your Phantom Stop price. If the market price moves away fast from your Phantom Stop price, HOM System won’t execute your Phantom Stop loss, but let the Broker platform close your order at Hard Stop loss.
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Workspace Area on Chart (in %)
This parameter takes numeric value. Here you can define Workspace area for HOM System in which the menu is displayed. You have to account for the area need for order modification controls to be displayed. This is the percentage of whole chart’s real estate in which HOM System is running.
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Pause TFs in Strategy Tester (Colon Separated)
This parameter takes string value. Here you can set the times frames, separated by colon (:) character, available in strategy tester where you can pause the chart moving at fastest speed. You can use standard time frames allowed in the pre-entered field. You can remove the time frames code you don’t want to use from the list.
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Color Scheme (Colon Separated)
This parameter takes string value. Here you can define color scheme for HOM System. This parameter requires exactly 7 color codes separated by colon (:) character. The color codes can be set with RGB values or pre-defined color codes from following image.
Read More.. -
Log Code
This parameter takes integer value. It is set to default of 0 which mean no logging. In case of issues it can be set to different values to track down bug in the system.
Phantom/Pending Order Entry
Single-Click Order Entry Control: You have to press CTRL key while clicking anywhere on visible chart for order entry controls to appear. If the price where the mouse is clicked is below BID price, it will set order for stop entry short. If the price is above the current BID price, it will set order for stop entry buy. If you also have SHIFT key pressed along with CTRL key, when you click the mouse button on the active chart, it will set the order for limit entry short (if price is above current BID) or limit entry buy (if price is below current BID). It will automatically set the Phantom Stop depending on the default trail code visible in trail code field in the menu. If the value is OFF or MAN, it will be 10pips away from entry price. Hard Stop will be behind the Phantom Stop loss price at a distance defined in HOM parameters. Number of sub-lots and their profit targets will be set according to the default risk:reward ratio set in HOM parameters. You can move limit order price before Phantom Stop loss price, if you want to bracket entry price around current market prices. If current BID price reaches limit entry price before reaching stop entry price, the order will be place with better risk:reward ratio. You can move any order entry control on Chart area, and drop at new location. Control’s existing value will be changed to new value.
- Stop Entry control for your order.
- It will display if your order is for Buy or Sell. Whether Stop Entry or Limit Entry order. How many lots will be opened based on your risk criteria. At what price it will be opened if market price reach there. How much is the Risk to Reward Ratio for the order.
- Phantom Stop control for your order.
- It will display the price at which Phantom Stop is set for your order. It will show how much loss, in pips, dollar amount, and percentage, your order will have compared to Stop Entry price.
- Phantom Target control for your order.
- It will display 1st sub-order’s detail information. No. of lots in your order, desired target price, how much profit in pips, dollar amount, and percentage the order will make compared to Stop Entry price.
- If you have defined phantom order to be split in Risk Model parameter, you will have multiple targets. In that cast for each extra sub-order it will display target control at twice the price location as first Phantom Target from Stop Entry control.
- Just like No#06, it will display 2nd sub-order’s (if any) detail information. No. of lots in your order, desired target price, how much profit in pips, dollar amount, and percentage the order will make compared to Stop Entry price.
- Hard Stop control for your order.
- Limit Entry control for your order.
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Order control shows current order active for modification in workspace area. The text of order control is colon separated. First part indicates if it is Phantom/Live order. “G” means phantom order, where as any number means magic# of the live order in Broker platform. Second part is actual order number. Last part is the currency pair in which the current order is placed.
If you want to modify any price parameter, simply drag corresponding control from workspace area onto the chart area at the price level you want, and drop it. It will round up/down the price and magnet to the closest pip in the direction of the trade. In buy order Stop Entry, Limit Entry, and Profit Target prices will be rounded up (e.g. 1.30012 rounded to 1.30020, and Phantom and Hard Stop prices will be rounded down (e.g. 1.29997 rounded to 1.29990). It is the opposite for sell order. If “Allow Rounding to Pip” is set to “true” in #HolisticOrderManager parameter list, and still don’t want prices to round, you can press SHIFT key while dropping the control to stick at the exact price where it is dropped.
When any of the price control is changed, the order control will change color from yellow to red indicating change made. You can drag and drop the order control in chart area on the other side of cursor line. It will modify the order in HOM as well as in Broker terminal and reset the EA menu. For live order, if you want to partially close the order to book some profit or reduce some risk, you can enter the lot size you want to close at the end of order control text. You can right click on order control, select Text Properties, and update Text property. For example, 2:999999999:GBPUSD-0.10 means close 0.10L from order#999999999 with magic#2 on GBPUSD pair. You have to manually make sure that you don’t enter more lots than there are in order, otherwise it will display error message.
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Stop Entry control shows where phantom order should be executed, or the price where current live order was placed. You can move this control only for phantom order modification.
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Limit Entry control shows location where to place limit entry order price is. You can change Limit Entry to be active or inactive depending on its position. If the Limit Entry control is behind Phantom Stop or Hard Stop controls, then it is inactive. If it is placed ahead of Phantom Stop control, it is active and the market is bracketed with SE and LE prices. Order will get executed at better risk:reward, if current Bid price reaches LE price first. If current Bid/Ask price is between Stop and Limit Entry controls, and Limit Entry control is before Phantom Stop control, then the current market price is bracketed. In that case if current market Bid price reaches Limit Entry before reaching Stop Entry, order will be placed in the market with better risk:reward ratio.
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Phantom Stop control shows location where to place the order’s hidden stop loss price is. This stop loss will not be visible in the Broker’s platform. It will be stored internally in HOM for active order management. This is the stop loss price where your order will be closed even before reaching your Hard Stop loss price.
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Hard Stop control shows location where current order’s stop loss. This is the price entered in Broker’s platform. It is a last chance protection for your order. If in fast moving markets, if HOM is not able to close your order at Phantom Stop, Broker’s platform will close your order at or beyond Hard Stop price.
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Profit Target control shows where your first target is located for phantom order. In case of live order it will show Phantom Target where if price reached, HOM will close your order at profit.
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Profit Target control for split order 2 or more. This will be visible only if split orders are defined in #HolisticOrderManager Risk Model parameter.
If “Rounding to Pip” is true, for no. #2 to #7, you can stick to exact price by pressing SHIFT key while dropping control on chart area. It’s the opposite behavior, if “Rounding to Pip” is false. Pressing SHIFT key while dropping control on chart area will magnet prices to closest pip instead of sticking at exact price.
A. Chart
B. Workspace Area
- EA menu Show/Hide (←/→): Initially the EA menu is not visible. When you press the “←” button, it will show the EA menu on the right side of cursor line and toggles the button to “→” button. If you press “→”” button, it will hide the EA menu, clears the real estate on the chart and toggles the button to “←” button. There is no need to have any kind of menu/controls overlaying and blocking most relevant and important information to make any informed decision – price changes on currency pair’s chart. So, except when you want to enter new order or manage existing order, you can hide the menu.
- GoTo button (GoTo): This will be visible and useful only when EA is used in strategy tester for manual back testing on data with Visual mode on. If you want to skip to future date and/or time on current chart.
- GoTo datetime entry field (YYYY.MM.DD HH:MM): Enter future date and/or time in the text field in ([YYYY.MM.DD] [HH:MM]) format. And then press “GoTo” button. It will pause the chart when the specified data and time is reached on chart. It will move the chart at selected speed (like 32) on slide bar. If you omit date and have just time entered it in the text field, it will pause at specified time on current date. If you omit time then it will pause at 00:00 hours on specified date. If date is not a trading date, it will pause at very next date on the chart. You have to make sure that the date and/or time entered is in future. Otherwise, it will skip to the end of data on current chart.
- Reset “R”: You can click “R” button and it will reset the EA menu in workspace area. It will also remove order entry control and modify control from the current chart, if they are visible.
- Close Order (C): It will close currently selected phantom/live order selected to be modified. If you press SHIFT key while pressing “C” button, it will close all the orders with same magic# as the active order selected for modify in the workspace area.
- Place Order (OK): It will place phantom/live (pending stop/limit order if Allow Phantom Orders is false) order with all the price parameters selected by entry control in chart area.
- Close All Orders (CA): It will close all the phantom orders in the HOM system and visible in Order dropdown list. If you press SHIFT key while pressing “CA” button, it will close all phantom and live order in the HOM system. It will clear and reset order dropdown list after successful operation. It will ask you for confirmation.
- Breakeven (BE): It will set the Hard Stop loss price for currently selected order to modify to the open price for that order. If you press SHIFT key while pressing “BE” button, it will set the Hard Stop loss price for all the trades with same magic# as selected order to modify.
- Show Trades (ST): It will display all the closed orders from order history on to the visible chart. It will show small arrow (green for BUY, red for SELL) at order open price, and small triangle (green for profit, red for loss) for close order price. It will link open and close price with a line (green for profit, red for loss). Hovering on the connecting line will show order#, # of lots, order open (buy/sell) prices and close (buy/sell) prices, # of pips, and profit/loss amount for that order. If you press SHIFT while pressing “ST” button, it will reset and clear all the visible markers for orders like entry, stop and target on the current chart.
- Advance Pause (M0): This will work and useful only when HOM System is used in Strategy Tester. Click “M0” button to switch to desired standard timeframe to pause (M0 (default)-No Pause, M1=1min, M5=5mins, etc.). If you set Pause button to M15, and increased the speed to max (32), it will stop at the beginning of selected timeframe bar on the chart. You can again reduce the speed, if you want to take any action, and continue the back test. If you press SHIFT, while clicking on “M0” button, it will reset it to default (M0).
- Trail Code: This text field contains default trail code setup by EA. If you open new order, it will set the trail code from this text field to be used to manage the order once it becomes a live order, and HOM system will manage it if Allow Auto Order Management is true in EA settings. In case of modify existing order which is visible in workspace area, it will show the current active trail code for that order. If you want to change trail code for existing order, enter new valid trail code here.
- Keep Trade Visible: By selecting check-box you can keep the current modify order control in workspace after the order is modified by dragging and dropping order control in chart area or by pressing CTRL key while clicking on “OK” button.
- Select Symbol to Change: You can switch to particular currency pair by selecting it from dropdown list. Dropdown list will display all the currency pairs visible in current Market Watch window. If you want to add/remove currency pair from the list, you will need to update that first in Market Watch window.
- Select Trade to Modify: You can select an order (phantom/live) available from orders dropdown list, and it will setup stop and limit entry, Phantom and Hard Stop, Target price controls in the workspace on the right side of cursor line for you to modify. It will display (phantom/live) order control (with magic#:order#:pair) in the workspace. You can make appropriate required changes to profit target, Phantom/Hard Stop loss, or trail code.
- Cursor Line separates Chart area from Workspace area.