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
Trade Manager EA is a utility for MetaTrader 4 designed to simplify order placement and position management.
GitHub stars2
Forks0
Last update5 years ago7 Jun 2021
LicenceNone stated
Overview
Trade Manager EA features a graphical user interface that allows users to open trades and visually define multiple stop loss and take profit levels. The expert advisor includes logic for partial closing of orders and uses a timer-based system to manage active chart objects and risk settings. It provides tools for drawing trade lines directly on the chart, helping traders manage their risk manually without relying on automated signal generation.
- Graphical user interface for trade execution
- Visual stop loss and take profit adjustment
- Automated partial close logic
- Real time chart object management
Details
Author
Oukaharry 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
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Oukaharry/TradeManagerEA 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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