Trade Management

Profit Manager is a big help when setting stops. I set the program to manual and use it on different charts with different stop parameters. I do this because the ES can have different volatility even trading short term making different stop parameters work better a different time. When I see a chart I like with a stop parameter that looks reasonable, I switch that chart to auto. By switching to auto I can then let the trade run and avoid the impulse to cut the trade short or the need to sit and babysit the trade to its conclusion.

I liked knowing instantly if the trade was going to have at least a 1:1 risk reward ratio. It shows you instantly if a trade is worth getting in to. Matt's explanation of risk management has changed the way I think about trading and Profit Manager along with Risk Manager I'm certain make trading a whole lot easier..

Profit Manager is user friendly, prevents losses, and takes advantage of big moves with the use of trailing stops. I can set up a trade and go do other things without having to be glued to the computer. It minimizes losses while maximizing profits and helps me manage psychological factors...

Profit Manager has the ability to stick to a trading plan and has a large range of stop choices.  Ability to let a trade run its course without worrying about not moving stop because my attention was diverted.  I find that when watching the charts it is too easy to let emotions affect decisions and get out early - it is also a great visual of how to best manage trades historically.  I have been using two charts per instrument. One chart has a strategy for entries the other has profit manager for exits