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
Trade Manager
Trade Manager is a MetaTrader 5 utility designed to assist manual traders with risk calculation and position execution.
GitHub stars1
Forks0
Last update1 year ago11 May 2025
LicenceMIT
Overview
Trade Manager provides an on-chart interface with buttons for market, limit, and stop orders. The EA calculates position sizes based on a user-defined risk percentage per trade and manages exits through a reward multiplier system. Key risk features include an equity protector that monitors the account and closes all open positions if a specific drawdown percentage is reached. It also allows for automatic take profit and stop loss placement based on chart levels.
- On-chart buttons for manual execution
- Risk percentage based position sizing
- Equity protector with drawdown limit
- Automatic risk-to-reward calculation
Details
Author
rasingollam 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.
EA files
Input parameters
Read from TradeManager_3.0.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
RiskPercentage | double | 0.2 | |
RewardMultiplier | double | 1 | |
TakeProfit | bool | true | |
StopLoss | bool | true | |
EquityProtector | bool | false | |
EquityDrawdown | double | 1.0 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone rasingollam/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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