Xentrader have built-in order management it prevent crashing your trading strategy on unpredicted events like spread rises by your broker, errors of order execution by broker's server, withdrawing money by your pamm investors, also there's advanced algorithms which can protect your account from broker manipulations and free your hands on risk management issues solving.
If your internet connection is weak or you can't be sure of shutting down or rebooting of your pc or vps and you far from access to the terminal, to protect your opened trades always use standard take profit and stop loss orders. Xentrader will notify you by phone message or email if the terminal is closing by user or operation system you need enable alerts in the settings.
If you trading with many pairs by one instance of xentrader without standard take profit and stop loss orders for example trading baskets of currency pairs you need to use built-in timer to generate ticks to the xentrader engine this is necessary because ticks of different pairs are asynchronized that means you can loose some profit if background trades will move some pips. In majority cases of basket trading you can use timer with 1000 milliseconds it's not heavy load of cpu and gives nice performance.
To separate one xentrader strategies trading and orders from other xentrader instances on one account you can set unique magic numbers to every xentrader in the xentrader settings.
In the case of running several xentrader instances with the same magic number to prevent double counting trades use unique orders comments for every xentrader instance, you can set comments in the settings.
If you want to trade manually from your phone or not from trade pad but need xentrader manage your trades set xentrader magic number to 0 in the case xentrader will manage all trades opened in the trading account.
If you running multiple strategies or several instances of xentrader with different magic numbers and currency pairs, you can set supervisor xentrader which managing entire trading account with magic number 0, it means the robot doesn't opening a trades but he closing all trades of other xentraders with money management and risk management defined criteria. For example close all opened trades by reaching account profit at 10%, or cut losses of entire account at 5%, or trailing account profit with universal trailing stop using curency of trading balance, or place break even on every trade when the trade goes 10 pips from order open price or send to email or phone message every 5 hours with information about opened trades, equity, balance, profit etc.
In addition, you can run xentrader losses recovery instance, which open recovery trades only if trading account losses reaches defined levels or compound account profits risking only profits money without any risk to account balance. You can build very complex account management, the limits only in your imagination.
If you trading scalping on lower timeframes m1 m5 with tight stop losses use ask price hack and graphic take profit and stop losses it will protect your sell trades from hitting sl by ask price wide fluctuations. Also you need to use sell buy trigger trendlines to open the trades instead of pending orders to prevent broker's interruptions to your trading in any timeframe.
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