Manhattan FX is a breakout based Forex robot without any martingale, arbitrage or grid strategies involvement.
The EA developers team is 12 industrial experts from New York City; a union of long-practiced Forex traders and software developers, started working together in 1998 and began developing Manhattan FX robot in 2008.
As a breakout based Forex robot, Manhattan FX always sets a StopLoss for every trade to protect the account, in addition to its clever Money Management system that carefully determines trading opportunities and the suitable lot size for each of them.
Manhattan FX Trading is limited to 10 lots (1000,000 units) in the 2-License version and 5 lots (500,000 units) in the other 2 versions, this is useful for disallowing unnecessary high positions and is considered a good safety measure.
By default, Manhattan FX this built in system forces the robot to cease trading during spreads widening as during summer and before news. This can be stopped manually if not desired.
Buy Enabled: This option can enable / disable BUY orders excution.
Sell Enabled: This option can enable / disable SELL orders excution.
MoneyManagement: This is a switch between automated money managerment (if set to true) or manually setting a fixed trading lot size (if set to false).
Fix Lot Size: If MoneyManagement is set to false, here you can set the desired trading lot size manually.
Long trade risk: This is a percentage (%) value to set the maximum loss for every Long (BUY) trade.
Short trade risk: This is a percentage (%) value to set the maximum loss for every Short (SELL) trade.
** Please note that Long trade risk and Short trade risk refer to only ONE trade.
Maximum lot: This option determines the maximum lot size of the trades.
Balance Risk: This is the highest allowed drawdown as a percentage of the account balance, which if reached, Manhattan FX will stop trading to protect your account.
