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
Trade Manager EA
This utility for MetaTrader 4 provides an interactive on-chart graphical interface for manual order execution and advanced position management.
GitHub stars1
Forks1
Last update4 months ago5 May 2026
LicenceMIT
Overview
Users can execute buy and sell orders with customizable lot sizes and manage open trades through various closing utilities, including close-all, close-by-type, and partial close functions. The EA features risk management tools such as a combined stop loss for a basket of trades and automated trailing stops with configurable no-trail zones. It is designed to streamline manual trading workflows by centralizing order controls and trade monitoring directly on the chart interface.
- Interactive on-chart trading panel
- One-click buy and sell execution
- Combined stop loss management
- Partial close functionality
- Automated trailing stop with no-trail zones
Details
Author
BodhiOng 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 TradeManager.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
EA_Settings | string | ===== EA Settings ===== | EA Settings |
Panel_Corner | int | 0 | Panel Corner |
Panel_X | int | 10 | Panel X Position |
Panel_Y | int | 20 | Panel Y Position |
Panel_Color | color | clrWhite | Panel Color |
Button_Color | color | clrDodgerBlue | Button Color |
Text_Color | color | clrBlack | Text Color |
Button_Width | int | 80 | Button Width |
Button_Height | int | 20 | Button Height |
Field_Width | int | 60 | Field Width |
Field_Height | int | 20 | Field Height |
Label_Width | int | 60 | Label Width |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Label_Height | int | 20 | Label Height |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone BodhiOng/Trade-Manager-EA 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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