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This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT5
MT5 Trade Manager
This MetaTrader 5 expert advisor is a utility for managing active positions and controlling account risk rather than executing autonomous trade entries.
GitHub stars1
Forks0
Last update2 months ago2 Jul 2026
LicenceNone stated
Overview
MT5 Trade Manager features an automated lot size calculator based on percentage risk, daily loss protection in both percentage and dollar terms, and a comprehensive trade management suite. Users can configure automatic break-even adjustments, partial position closing, and trailing stops using either fixed pip distances or ATR-based volatility. The EA includes a visual dashboard for monitoring account health and halting trading if maximum loss limits are reached.
- Daily loss protection and trading halt
- Automatic lot sizing based on risk percentage
- ATR-based or fixed pip trailing stops
- Partial position management and break-even automation
Details
Author
ifeoluwaezekiel129-png on GitHub
Type
Trade manager
Platform
MetaTrader 5 (MQL5)
Markets
Any symbol
Timeframes
Any timeframe
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.
Input parameters
Read from MT5_Trade_Manager.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercent | double | 1.0 | Risk % per trade |
DailyMaxLossPercent | double | 3.0 | Daily Max Loss % |
DailyMaxLossDollars | double | 0.0 | Daily Max Loss $ (0 = use %) |
StopTradingOnMaxLoss | bool | true | Halt & close all on max loss |
ManualStopLossPips | double | 20.0 | SL in pips for lot calc |
MinLotSize | double | 0.01 | Minimum lot size |
MaxLotSize | double | 100.0 | Maximum lot size |
BreakEvenTriggerPips | double | 15.0 | Pips profit to trigger auto-BE |
BreakEvenBufferPips | double | 2.0 | Buffer pips beyond entry |
AutoBreakEven | bool | false | Enable automatic break-even |
PartialClosePercent | double | 50.0 | % of position to close |
UseTrailingStop | bool | false | Enable trailing on init |
Show all 26 inputs
| Name | Type | Default | Description |
|---|---|---|---|
TrailingMode | ENUM_TRAIL_MODE | TRAIL_FIXED | Trail mode |
TrailingStopPips | double | 20.0 | Fixed trail distance (pips) |
TrailingStepPips | double | 5.0 | Minimum move step (pips) |
ATR_Period | int | 14 | ATR period (ATR mode) |
ATR_Multiplier | double | 1.5 | ATR multiplier (ATR mode) |
PanelX | int | 20 | Panel X position |
PanelY | int | 50 | Panel Y position |
PanelBG | color | C'18,22,34' | Panel background |
PanelBorder | color | C'42,54,82' | Panel border |
TextColor | color | C'200,210,230' | Normal text |
GreenColor | color | C'0,200,130' | Profit / OK |
RedColor | color | C'220,60,80' | Loss / danger |
AccentColor | color | C'80,140,255' | Accent / buttons |
WarnColor | color | C'255,180,0' | Warning |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone ifeoluwaezekiel129-png/mt5-trade-manager from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 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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