Arko Risk is an open-source position and risk management utility designed for MetaTrader 5, particularly suited for scalpers and prop firm traders. It does not generate trade signals but provides a graphical interface for designing limit orders with visual entry, stop loss, and take profit lines. The expert manages act
Trade manager · MT4
MT4 News Trade Manager
MT4 News Trade Manager is a utility for MetaTrader 4 designed to handle trade exits during high-volatility news events.
GitHub stars3
Forks0
Last update8 years ago9 May 2018
LicenceNone stated
Overview
MT4 News Trade Manager automatically applies stop loss and take profit levels to orders and features a break-even function to protect gains. The tool includes specialized Spike Take Profit logic that closes positions based on anticipated price movements while maintaining a minimum profit floor. It also supports partial closures and provides optional on-chart buttons for manual control over open positions during rapid market spikes.
- Automated break-even and partial closure settings
- Specialized Spike Take Profit logic for news events
- On-chart manual trade management buttons
- Automated stop loss and take profit application
Details
Author
hyahfoufi on GitHub
Type
Platform
Strategy
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk Profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA Files
Input Parameters
Read from MT4 News Trade Manager.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
s2 | string | ====== Stop Loss & Take Profit ====== | |
BE | string | Break even settings | |
BreakEven | bool | false | |
BreakEvenPips | int | 5 | |
BreakEvenProfit | int | 2 | |
ASL | string | Automatically Add SL and TP | |
AutoStopLoss | int | 0 | |
AutoTakeProfit | int | 0 | |
s3 | string | ====== Partial closure ====== | |
TP1 | double | 0 | |
s4 | string | ====== News TP ====== | |
SpikeTP1 | int | 0 |
Show all 19 inputs
| Name | Type | Default | Description |
|---|---|---|---|
SpikeTP1Min | int | 10 | |
SpikeTP2 | int | 0 | |
SpikeTP2Min | int | 20 | |
s6 | string | ====== Buttons ====== | |
ShowButtons | bool | false | |
ButtonX | int | 10 | |
ButtonY | int | 30 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone hyahfoufi/MT4-News-Trade-Manager from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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