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 · MT4
Order Management MT4
This MetaTrader 4 expert advisor functions as a trade management panel for manual traders.
GitHub stars1
Forks0
Last update6 years ago6 Nov 2019
LicenceNone stated
Overview
Order Management MT4 features an on-chart user interface with buttons for executing buy and sell orders. The tool automates trade exits using multiple stages, including standard stop loss and take profit levels, as well as partial take profit and partial stop loss settings. It also includes automated break-even functionality that triggers at predefined point distances. Users can manage new positions or retrieve existing orders based on a magic number.
- On-chart manual trade execution buttons
- Automated break-even trigger levels
- Partial take profit and stop loss management
- Support for existing order retrieval
Details
Author
jmahiques on GitHub
Type
Trade manager
Platform
MetaTrader 4 (MQL4)
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.
EA files
Input parameters
Read from OrderManagement.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
stop | int | 10 | |
partialStopLoss | int | 8 | |
partialTakeProfit | int | 40 | |
takeProfit | int | 80 | |
_digits | int | 4 | |
partialStopLossToBreakEven | int | 20 | |
stopLossToBreakEven | int | 30 | |
lots | double | 0.02 | |
halfLots | double | 0.01 | |
magicNumber | int | 1 | |
comment | string | Probando ratios | |
slippage | int | 3 |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
retrievePreviouslyOrders | bool | false |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone jmahiques/OrderManagement 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, and any .mqh files into the Include folder the code expects.
- 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.
Similar expert advisors
This trade manager for MetaTrader 4 and 5 automatically adjusts the stop-loss levels of open positions using the Average True Range indicator. It allows users to define the trailing distance through a configurable ATR period and multiplier. The expert advisor includes filtering logic to apply the trailing stop only to
PSAR Trailing Stop is a management utility for MetaTrader 4 and 5 that automates the adjustment of stop-loss levels for open positions. Instead of manual movement, it follows the Parabolic SAR indicator values to lock in profits or minimize losses as a trend progresses. The software includes filtering options to target
This expert advisor is a utility for MetaTrader 4 and MetaTrader 5 designed to manage stop-loss levels for existing trades. It utilizes Bill Williams' Fractals indicator to dynamically adjust the stop loss as new fractal points form on the chart. Users can configure the number of bars to scan and specify which fractal
PATI Trading Assistant is a MetaTrader 4 utility designed to facilitate trade management and bookkeeping based on the PATI trading methodology. It automates the placement of stop losses and take profits, specifically managing range breakout and pullback setups. The EA includes risk controls such as the Two Minute Rule
This expert advisor acts as a trade manager for MetaTrader 4 and 5, focusing on automated stop-loss adjustments. It uses the Supertrend indicator to dynamically calculate and move the stop-loss level for existing positions. Users can filter which trades are managed based on symbol, magic number, trade type, or comments
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers