What Is the Prodigy Trade Manager, and How Does It Work?

The Prodigy Trade Manager is a powerful tool designed to simplify and enhance your manual trading. It helps you manage risk, optimize trade entries and exits, and automate key aspects of your trades, making trading more efficient and stress-free.

How It Works

1. Lot Size Calculation

   • The Trade Manager automatically calculates the correct lot size based on your chosen risk percentage and stop loss distance.
   • This ensures consistent risk management, whether your stop loss is close or far from your entry point.

2. Take Profit Management

   • You can set up to four take profit levels.
   • As each target is hit, the Trade Manager can automatically close part of your position and move your stop loss to secure profits.

3. Breakeven & Trailing Stop

   • Once the trade reaches a certain profit level, the Trade Manager can move your stop loss to breakeven, ensuring no losses if the market reverses.
   • You can also enable a trailing stop, which locks in profits as the trade moves further in your favor.

4. Equity Protection

   • The Trade Manager allows you to set a specific equity level to protect.
   • If your account reaches this level, trading can automatically pause to prevent further losses.

5. Preset Integration

   • You can create and save presets for different trading strategies (e.g., scalping, swing trading).
   • This makes switching between strategies quick and seamless.

Why Use the Prodigy Trade Manager?

• Efficient Risk Management: Ensures consistent risk across all trades.
• Profit Optimization: Automatically locks in profits and reduces losses.
• Time-Saving: Automates repetitive tasks, so you can focus on finding the best trades.
• Versatility: Works with Prodigy signals, the Prodigy Indicator, or your personal trading strategies.

Whether you're a beginner or an experienced trader, the Prodigy Trade Manager simplifies the trading process and helps you trade smarter, not harder.