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
EA Library · 67 open-source EAs
Free Trade Manager EAs
Open-source EAs that manage the trades you open: trailing stops, break-even, partial closes and trading panels.
Expert advisors67
For MT546
For MT437
Updated in a year26
About Trade managers
A trade manager does not pick trades. It looks after the ones you open by hand, or that another EA opens, by moving the stop to break-even, trailing it, closing part of the position at a target or closing everything at a set time.
Because it acts on real positions, check which trades it touches. Most filter by symbol or magic number, and a manager left on the wrong setting can modify trades from another EA.
5 of these 67 EAs use grid or martingale logic and are marked High risk.
Before You Run One
- Check which trades it manages: all, one symbol or one magic number.
- Test every button and rule on a demo account.
- Remember it only works while the terminal is running.
Trade managers, Most Starred First
Trader Pad is a trade management utility for MetaTrader 5 designed to automate position exits and risk control after an entry is initiated. The software handles stop-loss and take-profit placement in ticks, providing advanced trailing stop logic and break-even functionality. It allows users to scale out of positions th
Smart Money Manager is a trade-management panel for MetaTrader 5. It assists traders by calculating risk-based position sizing from balance, stop-loss distance, and tick value. Users place market and pending orders via a compact on-chart panel with drag-and-drop entry, SL, and TP lines that display lot size and money r
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 visual trade management utility for MetaTrader 5 assists manual traders with order execution and risk management. It features interactive chart lines for entry, stop loss, and take profit levels, allowing for drag-and-drop price adjustments. The system automatically calculates position sizes based on a defined per
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
Mayordomo is a management expert advisor for MetaTrader 4 that facilitates account monitoring and remote trade intervention via Telegram. It periodically transmits balance, equity, and open position data to a designated Telegram channel. Beyond reporting, it acts as a controller, allowing users to close all active trad
This MetaTrader 4 expert advisor serves as a trade management tool that automates the trailing stop-loss process for existing positions. It does not open any new trades itself; rather, it monitors current market orders placed manually or by other robots. The utility uses a reverse loop to scan active orders, filtering
HCPropsController is a comprehensive management utility for MetaTrader 5 designed to safeguard prop firm accounts and facilitate local trade replication. It functions in Master, Slave, or standalone Risk Manager modes. The EA enforces various risk controls, such as daily profit and loss limits, maximum trade counts, an
Move Stop To Breakeven is a trade management expert advisor for MetaTrader 4 and 5 that automatically secures open positions by adjusting stop-loss levels. Once a trade reaches a user-defined profit distance in points, the EA moves the stop-loss to the entry price or a specified buffer level. It features options to acc
Single Breakeven is a trade management tool for MetaTrader 4 and 5 that monitors multiple open positions on a single symbol. When the aggregate profit in account currency reaches a user-defined threshold, the expert advisor moves the stop loss of all included trades to a calculated breakeven price. It supports filterin
MA Trailing Stop is a trade management expert advisor for MetaTrader 4 and MetaTrader 5. It monitors open positions and automatically adjusts stop-loss levels based on the value of a moving average indicator. Users can customize the indicator period, method, and shift to suit their strategy. The tool includes filtering
Hohla Trader Assistant is a utility for MetaTrader 4 and 5 designed to streamline trade management and risk control. It automatically applies stop loss and take profit levels to manual trades using multiples of the Average True Range. The tool calculates lot sizes dynamically based on a percentage of account equity. A
This MetaTrader 5 expert advisor serves as a trade management utility that trails the stop loss of open positions using the Bill Williams Fractals indicator. It monitors active trades on the current symbol and updates the stop loss to the most recent fractal high for sell positions or fractal low for buy positions. The
This MetaTrader 4 expert advisor is a management utility designed to handle orders opened by other martingale robots. It monitors trade sequences and applies hedging to the initial low-lot positions to mitigate drawdown. The tool provides automated risk controls including fixed take profit, stop loss, trailing stops, a
NZT USDJPY is a MetaTrader 4 expert advisor specifically tailored for the USD/JPY forex pair. The EA monitors tick-by-tick price movements to manage active long and short positions. It employs logic that triggers order closures or modifications based on bid and ask fluctuations relative to reference prices. The softwar
The MQL5 Trade Manager is an Expert Advisor for MetaTrader 5 that automates trade execution using ICT concepts. It enters trades during filtered sessions including Asian, London, and US sessions, and only during Q3 expansion cycles. It exits positions by trailing stops to breakeven plus a pip offset. Risk controls incl
This MetaTrader 5 utility serves as an automated trade manager focused on risk reduction. It monitors active positions and moves the Stop Loss to the entry price once a specific profit target, defined in pips, is reached. The tool allows for an optional offset to account for spreads or transaction costs. It does not in
This MetaTrader 4 trade management utility provides a graphical interface for handling open positions. It enables users to perform bulk actions such as closing all active orders, deleting pending orders, or modifying stop loss and take profit levels for existing trades. The tool includes an automated break-even functio
This trade management expert advisor for MetaTrader 4 and 5 automates stop-loss adjustments based on specific profit targets. Unlike standard trailing stops, this tool remains inactive until a position reaches a user-defined profit threshold in points. It offers flexible trade selection by filtering positions based on
Fractal Trailing Stop is a MetaTrader 5 expert advisor that automates trade management using Bill Williams fractal levels. The EA monitors open positions and dynamically adjusts the stop loss to the most recent up or down fractal, incorporating a user-defined point buffer for padding. It includes risk management featur
MT4 News Trade Manager is a utility for MetaTrader 4 designed to handle trade exits during high-volatility news events. It automatically applies stop loss and take profit levels to orders and features a break-even function to protect gains. The tool includes specialized Spike Take Profit logic that closes positions bas
RiskDesk MT5 is a professional risk and trade management panel for MetaTrader 5 that replaces manual lot calculations with an interactive on-chart interface. It calculates position sizes in real time based on a user's risk budget and draggable entry, stop-loss, and take-profit levels. The expert advisor supports market
This utility for MetaTrader 4 and 5 provides an on-chart interface for manual trade execution and position management. It automatically applies stop losses to new orders and features a trailing stop mechanism to manage open trades. Notable management tools include one-click break-even and the ability to close a specifi
Pi EA Auxiliary Panel is a management tool for MetaTrader 4 and 5 designed to enhance manual order execution and automated trade handling. It features an interactive on-chart interface that allows users to split large orders into smaller positions, apply automated break-even levels, and execute trailing stops for indiv
OverNight Close EA is a trade management utility for MetaTrader 4 and 5 designed to automatically close open positions and delete pending orders at specified times. It allows users to set unique closing windows for each day of the week, making it useful for prop firm traders who need to avoid weekend carryover. The EA
AR Position Management BW is a trade manager for MetaTrader 5 that automates protective stop loss adjustments for existing positions. The expert advisor monitors open trades and applies trailing stops based on either Bill Williams Fractals or Moving Average calculations across selectable timeframes. It features a confi
This MetaTrader 5 expert advisor manages trades on synthetic instruments like Range Break indices. It functions primarily as a trade manager that monitors price spikes to trigger the closing of open positions. The utility includes risk management filters, allowing the user to target specific orders using magic numbers
This MetaTrader 5 trade manager automates stop loss adjustments for existing positions using the Teeth line of the Bill Williams Alligator indicator. It tracks an 8-period smoothed moving average shifted 5 periods forward to determine exit levels. The tool operates on a new bar basis, checking open trades and modifying
Trade Manager EA is a utility for MetaTrader 4 designed to simplify order placement and position management. It 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 t
This MetaTrader 4 expert advisor is a management tool designed to execute and handle trading strategies using martingale lot scaling. It uses HTTP and JSON libraries to potentially interface with external configurations or signals, supporting multiple strategies at once. The EA features a 20-level lot sequence system,
This MetaTrader 4 trade manager provides a graphical user interface for closing open positions based on technical indicator conditions. It does not open new trades but manages existing ones using RSI levels, ADX filters, and volatility-based logic. The utility includes a break-even function and adjustable ATR settings
Position Sizer RR is an MT5 tool for manual trade entry and automated exit management. It calculates position size based on risk percentage and supports multiple take profit targets with automatic break-even activation and partial closes. Batch opening of correlated orders is possible with adjustable millisecond interv
This trade management expert advisor for MetaTrader 5 provides a comprehensive execution panel featuring a TradingView-inspired position tool. It allows users to visually define risk through draggable on-chart stop loss and take profit zones, automatically calculating lot sizes based on a percentage of account risk. Th
This MetaTrader 5 expert advisor acts as a quantitative trading assistant and order manager. It features a comprehensive graphical interface with tabs for trade operations, account monitoring, and position tracking. The system utilizes a predefined twenty-level lot sizing progression, which is typically used for recove
Arko Risk is an open-source position and risk management utility designed for MetaTrader 5, particularly suited for scalpers and prop firm traders. It does not generate trade signals but provides a graphical interface for designing limit orders with visual entry, stop loss, and take profit lines. The expert manages act
DomPanion is a trade management and risk protection utility for MetaTrader 5 designed for discretionary traders. It monitors active positions to enforce lot size limits, session-based trading restrictions, and monetary take-profit or stop-loss targets. The EA features a dashboard with time-based performance analysis an
This position management expert advisor for MetaTrader 5 automates the trailing stop loss process for gold trades. It offers two distinct operational modes: a fixed pips distance and an adaptive mode based on the Average True Range indicator to adjust for volatility. The utility includes specific safeguards to block or
ProRiskManager is a trade execution and management panel for MetaTrader 5 tailored for discretionary traders. It prioritizes precision by calculating position sizes directly through broker functions to match displayed risk with actual potential losses. Users can prepare trades using draggable chart lines for entry and
This MetaTrader 5 expert advisor is a utility for managing active positions and controlling account risk rather than executing autonomous trade entries. It features an automated lot size calculator based on percentage risk, daily loss protection in both percentage and dollar terms, and a comprehensive trade management
This MetaTrader 5 expert advisor serves as a centralized management interface for monitoring and controlling multiple active trading bots across various charts. It automatically identifies running experts and their associated Magic Numbers by scanning active chart templates in real-time. The tool provides a custom grap
This utility for MetaTrader 4 provides an interactive on-chart graphical interface for manual order execution and advanced position management. 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 clos
Portfolio Manager Pro is a management utility for MetaTrader 5 that provides a centralized graphical interface to monitor and control active Expert Advisors. It automatically scans open charts to identify running bots via their Magic Numbers and templates. The tool enables users to filter strategies in real-time and ex
This MetaTrader 5 expert advisor manages manual silver (XAGUSD) positions by applying and dynamically trailing protection levels. It automatically adds initial stop loss and take profit orders to existing trades that lack them. The manager features a sophisticated trailing stop loss and a trailing take profit mechanism
Smartom Trade Assistant is a management utility for MetaTrader 5 that facilitates manual trade execution and position monitoring. It calculates appropriate lot sizes based on user-defined risk percentages and utilizes on-chart lines for setting entry prices, stop losses, and take profit targets. The assistant includes
More Expert Advisor Categories
Third-party code. ForexR lists open-source EAs from GitHub; it did not write, test or endorse them, and their summaries are generated automatically from each repository's README and code. Read the code, backtest it and use a demo account first. CFDs and leveraged forex are complex instruments with a high risk of losing money rapidly.
Learn How to Use Expert Advisors
Free, plain-English guides: find an EA, install it, set it up, test it and run it safely.
- 1Types of EAsRobots, trade managers, copiers and risk tools, and what each is for.
- 2Using this librarySearch, filters, badges and what our checks do and do not mean.
- 3Install an EA in MT4 or MT5Data folder, compile, attach to a chart and switch on algo trading.
- 4EA settings explainedLot size, stop-loss, magic number, max spread and trading hours.
- 5Backtest in the Strategy TesterModelling, spread, the report and the over-fitting trap.
- 6Choose a safe EAA checklist for the code, the logic, the evidence and the fit.
- 7Run an EA 24/7VPS, forward testing on demo and going live small.
- 8Open-source EAs on GitHubLicences, compiling in MetaEditor and editing inputs safely.
- 9Forex robots: an honest guideWhat automation can and cannot do for you.
Run EAs With a Broker That Supports MT4 and MT5
Compare regulated brokers by platform, spreads, minimum deposit and leverage.
Compare brokers