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
Trader Pad
Trader Pad is a trade management utility for MetaTrader 5 designed to automate position exits and risk control after an entry is initiated.
GitHub stars20
Forks13
Last update4 years ago21 Jul 2022
LicenceMIT
Overview
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 through three configurable partial exit levels. Additionally, it incorporates account-level protection through daily profit and loss limits. The tool can also dynamically adjust stop-loss levels based on previous candle highs or lows to lock in unrealized gains.
- Three-stage partial exit system
- Dynamic candle-based stop loss management
- Daily profit and loss protection filters
- Automated trailing stop and break-even
Details
Author
erlonfs 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
Topics
metatradermql5robotrobot-frameworktradetrading-bottrading-strategiestrading-algorithmstradingmql
Input parameters
Read from traderpad.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Secao1 | string | ############### | ### Definições Básicas ### |
Volume | double | 0 | Volume |
TipoUltimoPreco | ENUM_LAST_PRICE_TYPE | 0 | Tipo de referência do ultimo preço |
Spread | int | 0 | Spread para entrada na operação em ticks |
Secao2 | string | ############### | ### Alvos ### |
StopGainEmTicks | int | 0 | Stop Gain em ticks |
StopLossEmTicks | int | 0 | Stop Loss em ticks |
Secao3 | string | ############### | ### Gerenciamento de Stop ### |
IsStopNoCandleAnterior | ENUM_LOGIC | 0 | Stop na máxima/ mínima do candle anterior? |
SpreadStopNoCandleAnterior | int | 0 | Spread utilizado no ajuste em ticks |
WaitBreakEvenExecuted | ENUM_LOGIC | 0 | Aguardar execução do break even? |
IsPeridoPersonalizadoStopNoCandleAnterior | ENUM_LOGIC | 0 | Utilizar período personalizado? |
Show all 35 inputs
| Name | Type | Default | Description |
|---|---|---|---|
PeridoStopNoCandleAnterior | ENUM_TIMEFRAMES | 0 | Período personalizado |
Secao4 | string | ############### | ### Trailing Stop ### |
IsTrailingStop | ENUM_LOGIC | 0 | Ativar Trailing Stop? |
TrailingStopInicio | int | 0 | Valor de inicio em ticks |
TrailingStop | int | 0 | Valor de Ajuste do Trailing Stop em ticks |
Secao5 | string | ############### | ### Break-Even ### |
IsBreakEven | ENUM_LOGIC | 0 | Ativar Break-Even? |
BreakEven | int | 0 | Valor do break-even, zero é o ponto inicial em ticks |
BreakEvenInicio | int | 0 | Valor de inicio em ticks |
Secao6 | string | ############### | ### Financeiro ### |
IsGerenciamentoFinanceiro | ENUM_LOGIC | 0 | Ativar Gerenciamento Financeiro? |
MaximoLucroDiario | double | 0 | Lucro máximo no dia |
MaximoPrejuizoDiario | double | 0 | Prejuízo máximo no dia |
Secao7 | string | ############### | ### Realização de Parcial ### |
IsParcial | ENUM_LOGIC | 0 | Ativar saída parcial? |
PrimeiraParcialVolume | double | 0 | Volume da 1ª saída parcial |
PrimeiraParcialInicio | int | 0 | Valor de inicio da 1ª saída parcial em ticks |
SegundaParcialVolume | double | 0 | Volume da 2ª saída parcial |
SegundaParcialInicio | int | 0 | Valor de inicio da 2ª saída parcial em ticks |
TerceiraParcialVolume | double | 0 | Volume da 3ª saída parcial |
TerceiraParcialInicio | int | 0 | Valor de inicio da 3ª saída parcial em ticks |
Secao8 | string | ############### | ### Expert Control ### |
NumeroMagico | int | 0 | O número mágico é utilizado para diferenciar ordens de outros robôs |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone erlonfs/traderpad.bad-robot 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, 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
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 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 MT5?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers