AW Trade Manager Instruction

AW Trade Manager is a trade panel for MetaTrader 5 built around a risk/reward tool on the chart. A trade is planned with Entry, Stop Loss and Take Profit lines that are dragged with the mouse: the plates on the lines show the price, the distance and the money, the zones show profit and loss, and the panel calculates the volume from the risk. After the entry the panel manages the position by its rules: breakeven, seven trailing types, partial closes on the Take Profit and Stop Loss side, closing by time and hidden levels.

Beyond a single trade the panel places pending orders, Stop-Limit and OCO pairs included, keeps account risk limits, closes a basket, runs scheduled tasks, watches alerts and the economic calendar of MT5 and counts statistics of closed positions. Every tab, window and input is described below.

The panel in two minutes - video

Watch on YouTube -> HERE

The article contains the following sections:

1. Installation and first start
2. Free LIVE Demo
3. The panel at a glance
4. Planning a trade: the Trade tab
5. Lines on the chart
6. Pending orders: Limit, Stop, Stop-Limit, expiry and OCO
7. The confirmation window
8. Managing positions: the Positions tab
9. Position and Pending windows
10. Rules: Breakeven, Trailing, Partials, Auto-close, Hidden SL/TP
11. Protection: Limits, Basket, Time, News
12. Statistics: the Stats tab
13. Settings: the Settings tab
14. Tools: Alerts, Tasks, Economic calendar, Symbol picker, Screenshot, Clean chart
15. Several charts, trades of other EAs, terminal closed
16. Hotkeys
17. Input settings
18. Questions and answers

After the purchase the panel appears in the Navigator window under Expert Advisors - Market. It is attached to the chart of the symbol that will be traded.

Step 1 - Open a chart of the symbol, any timeframe.

Step 2 - Drag AW Trade Manager from the Navigator onto the chart.

Step 3 - On the Common tab tick Allow Algo Trading and press OK.

Step 4 - Check that the Algo Trading button on the toolbar of the terminal is on. The panel appears in the upper left corner of the chart on the Trade tab, the footer shows Ready.

The panel is dragged by its header and stops at the edges of the chart. Its position, folded blocks and the open tab are remembered for each chart. The "-" button of the header folds the panel into a small plate with the name, the button on the plate brings it back. The "x" button removes the panel from the chart after the Exit panel confirmation (section 7).

When trading is not possible, the footer says why.

Footer line	What happened
Trades not allowed · Algo Trading is off	The Algo Trading button is off, or Allow Algo Trading is not ticked in the EA properties
Trades not allowed · the account cannot trade	Trading on the account is not allowed, for example the login used the investor password
Trades not allowed · the broker disabled expert trading	The broker does not allow EAs to trade on this account
No connection · waiting for the server	No connection to the trade server
Market closed · waiting for the session	The trading session of the symbol is closed

---

For testing there is a free LIVE demo version of the panel. It works without limits on demo accounts: every function of the product can be tried not only in the strategy tester, but live, on the chart with live quotes - dragging of the lines and plates, hotkeys, the economic calendar and notifications included.

Free LIVE Demo -> HERE

The post has the file of the demo version, its installation and answers to common questions.

---

The panel consists of a header, a market row, five tabs and a footer. The tabs follow the order of work: open a trade, manage it, set the rules, look at the results, set up the panel.

No.	Element	What it does
1	Header	Name of the panel, clock, the "-" button folds the panel, "x" removes it from the chart. A click on the clock switches the server time to the time left to the close of the current candle and back
2	Market row	The ‹ › arrows switch the chart to the previous and the next symbol of Market Watch. A click on the symbol name opens the symbol picker (section 14). On the right Bid / Ask and the spread
3	Tabs	Trade · Positions · Rules · Stats · Settings
4	Body of the tab	Blocks of the tab. A click on a block header folds it, a folded block shows a short summary in its header
5	Status line	Ready, a news warning, a BLOCKED limit, the reason trading is not allowed and short results of actions
6	Footer icons	Screenshot of the chart, clean chart, economic calendar, tasks, alerts

The time left to the candle close is shown as mm:ss below H1, h:mm:ss from H1 and "1d 03:12" while more than a day is left. The chosen mode is remembered for the chart. The clock stands in the header, or at the end of the market row when the row has room for it.

Status line

Text	Meaning
Ready · 2 positions, 1 pending	Everything is fine, the number of positions and orders the panel manages
News in 12 m · USD CPI · High	A yellow warning about the next news by the News rule (section 11). Trading is not blocked
Entries paused · ...	A pause of new entries around news. Open positions and their rules are not touched
BLOCKED · reason · until 00:00	A risk limit fired (section 11): new entries are closed until the time shown
Trades not allowed · ..., No connection · ..., Market closed · ...	Trading is not allowed by the terminal, the broker or the session schedule (section 1)
Changes applied · #..., Saved ..., Blocks folded to fit the chart	Short results of actions, shown for a few seconds. Refusals of the broker are shown in red

When the chart is lower than the panel, the blocks fold by themselves from the bottom up, and the footer shows Blocks folded to fit the chart. A block opened by hand is not folded for room: while it is open, the panel can reach below the bottom edge of the chart.

Footer icons from left to right: camera - screenshot of the chart, eye - hide or show everything the panel draws on the chart, calendar - the economic calendar window, clock - the tasks window, bell - the alerts window. The eye is crossed while the chart is clean, the bell is crossed while the alerts are snoozed with Snooze 1 h.

---

The Trade tab holds the trade plan: direction, order type, entry, Stop Loss, Take Profit, expiry, OCO and volume. The lines on the chart show the same plan with the same numbers: an edit in a field moves the line, dragging the line changes the field. A change of the tab, the timeframe or a restart does not reset the plan.

No.	Element	What it does
1	Buy / Sell	Direction of the trade
2	Market / Limit / Stop / Stop-Limit	Order type: market or one of three pending types (section 6)
3	Levels ladder	Take Profit, Entry and Stop Loss: price field, distance field, result in money, pin. The On chart switch shows and hides the plan lines
4	R:R, Keep R:R, Hidden, ATR	Reward to risk ratio, Take Profit moving with the stop, hidden levels, levels from the ATR
5	Size	Risk in percent and in money, volume and margin. Base of the risk and commission in the risk
6	Account	Balance, equity, free margin, drawdown, open result, the Breakeven and Close all buttons, the Quick actions row
7	Open button	Shows what goes to the broker and sends the plan through the confirmation window

Levels

The ladder stands the same way as the lines on the chart: a Buy has Take Profit on top, a Sell has Stop Loss on top. Each level row has three numbers: the price, the distance from the entry and the result in money at the chosen volume.

What to do	How
Set a level by price	Type the price into the price field
Set a level by distance	Type points into the distance field. The field also takes other units: 1.5R - for Take Profit 1.5 times farther than the stop, for Stop Loss so that R:R becomes 1.5. 2% - the level where the result equals 2 % of the risk base. 50$ - the level where the result equals 50 in the account currency. 1.2atr - 1.2 ATR from the entry
Remove a level	Type 0 or clear the field, or click the Take Profit or Stop Loss label. Another click on the label brings the level back. A trade without a level is a normal state unless Require Stop Loss is on
Pin a level	The pin in the level row. A pinned level keeps its price when the entry moves. An unpinned one keeps its distance
Market entry	The Entry row shows "Buy · 0.10 lot · follows Ask": the entry follows the price, the levels follow the entry. A click on follows Ask stops the entry, the levels then stay at their prices. Another click makes the entry follow the price again
Pending entry	The Entry price field. An entry moved across the price turns Limit into Stop and back by itself

R:R 1: is the reward to risk ratio. A new value in the field moves the Take Profit. Keep R:R - a stop that is moved takes the Take Profit along at the same ratio. When the Take Profit is moved, the R:R changes. A pinned Take Profit is not taken along. Hidden - Stop Loss and Take Profit of this trade are kept by the panel, not by the broker (section 10). ATR opens the ATR row: the current ATR, the stop multiplier Stop Loss x, the Take Profit by R:R distance, and for a pending order the entry multiplier Entry x. The Apply button sets these levels now.

Size

Three linked values: Risk (percent of the base), Money (risk in money) and Volume (lot), next to them Margin - the margin of the trade. A click on a field makes it the leading one: the leading field keeps its value when the stop moves, the others are recalculated. With Volume leading, a moved stop changes the risk. With Risk or Money leading, it changes the volume.

The list next to the block header picks the base of the risk percent: of balance, of equity or of free margin, and switches Commission in the risk - the commission of the entry and the exit counts as part of the risk. The fee line shows this commission for the current volume.

For example, a balance of 10 000 USD, Risk 0.5 %, a EURUSD stop 250 points away, a point of 1 lot worth 1 USD: 50 / (250 × 1) = 0.20 lot. With the stop 270 points away the result is 0.185, the panel sets 0.18 lot, and the risk is 48.60 USD, that is less than asked. Rounding is always down, so a rounded lot never risks more than set. When even the minimum lot risks more, the line under the fields shows the real risk percent.

The Open risk after this trade line shows how many percent of the balance will be at risk in all positions of the Positions tab scope together with this trade. Without a stop it says No Stop Loss · the risk is not limited.

Account

Balance, Equity, Free margin, Drawdown and Open P/L with the number of positions. The Breakeven button moves the stops of the positions in profit to breakeven, Close all closes every position of the scope. The Quick actions row opens Close Buy, Close Sell and Close part with a percent field. All these buttons take the scope chosen on the Positions tab and go through the confirmation window.

Open button

The caption of the button is exactly what goes to the broker: "Buy 0.10 lot · Market", "Buy Limit 0.10 lot · 1.14074", "Buy Stop-Limit 0.10 lot · 1.14074 → 1.14044", "Place fork · 0.10 lot · 1.14074 / 1.13661". Without a stop it ends with no stop. When the plan cannot be sent, the button is grey and shows the reason instead of the trade.

Reason on the button	What to fix
Stop Loss must be below the Ask / Take Profit must be above the Ask	The level is on the wrong side of the price
Entry closer than ... to the price (stops level)	The pending entry is closer than the minimum distance of the broker
Volume ... is below the minimum ... / above the maximum ...	The volume is outside the limits of the symbol
Not enough margin: need ..., free ...	Not enough free margin
Stop Loss required (Settings · Execution)	Trades without a stop are switched off
Expiry is in the past	The expiry of the pending order has already passed
A reason from the status line	A limit block, a news pause or trading not allowed (section 3)

A trade step by step

Step 1 - On the Trade tab choose Buy or Sell and Market.

Step 2 - Drag the Stop Loss plate on the chart to the level where the idea of the trade breaks, or type the distance into the field.

Step 3 - Click the Risk field and type the percent. The volume is recalculated by itself.

Step 4 - Set the Take Profit with its plate on the chart or with a number in the R:R field.

Step 5 - Press the open button, check the trade in the confirmation window and press Buy or Sell in the window.

---

Everything the panel draws on the chart is built the same way: a thin line across the chart, a plate in a column at the right edge and a zone between the entry and the level. A solid line is a plan or a position, a dashed line is a pending order, dots are a hidden level or a rule that has not fired yet.

No.	Element	What it does
1	Take Profit plate	Price, distance and money of the level. Dragged with the mouse. The "+" button adds a partial close level on this side, the pin pins the level
2	Partial close levels	TP1, TP2, TP3 of the plan: share of the volume, price, points and money. The plate is dragged, the cross removes the level
3	Entry plate	Order type, entry price and volume. Dragged up and down, sideways it moves the whole column of plates. A click puts the cursor into the Entry field of the Trade tab
4	Stop Loss plate	The same as Take Profit: price, distance, money, "+" and the pin
5	Profit and loss zones	Coloured zones between the entry and the levels: the profit zone between the entry and the Take Profit, the loss zone between the entry and the Stop Loss

Plan lines

• A plate is dragged up or down, the fields of the Trade tab change with it. Esc cancels a drag.
• The Entry plate of a market plan can be pulled away from the price: the plan becomes a pending order, Limit or Stop by the side of the price. A pending entry dragged across the price turns Limit into Stop and back.
• A level dragged through the entry turns the plan round: Buy becomes Sell and back.
• The mouse wheel over a plan plate moves it by one point per notch.
• A double click on the Take Profit or Stop Loss plate puts the cursor into its field on the Trade tab.
• A level closer than the minimum distance of the broker is highlighted, the tooltip of the plate explains why.
• Hidden levels of the plan are drawn with dots, the plate has a crossed eye and the word hidden.
• The On chart switch of the Levels block hides the plan lines, the eye in the footer hides everything the panel draws.

The Stop Loss of the plan is dragged with the mouse. When Risk is the leading field, the lot is recalculated from the risk, Keep R:R moves Take Profit along, and a stop dragged through the entry turns the plan from Buy to Sell. The fields of the Trade tab update when the mouse button is released.

The Entry plate dragged above the price turns the market plan into a Buy Stop, below the price into a Buy Limit: the Trade tab lights the order type and adds the Expires row. The Market button brings the plan back to the price.

«+» on the Take Profit plate adds partial levels: the first one takes 50 % of the volume, after the third there are TP1, TP2 and TP3 at 25 % each. A level is dragged with the mouse, the cross removes it, «+» on the Stop Loss plate adds the SL1 level.

Positions and orders on the chart

Each position and each pending order of the symbol has an entry plate: direction, volume, price and the current result, with a pencil on the right. Its lines and level plates appear only while the trade is edited: its row is selected on the Positions tab, its window is open, or its entry plate was clicked. Another click on the entry plate removes the selection. The rest of the time the trade is shown by the terminal's own trade levels, and hidden levels are drawn as thin dots when the input Thin lines of hidden SL / TP when the position is not being edited is on. While a trade is edited, the terminal's levels of the symbol are hidden so that the lines do not double. When the panel is removed from the chart, the setting of the terminal comes back.

Element	What it shows and what to do with it
Take Profit and Stop Loss of a position	Dragged with the mouse. The new level goes to the broker when the button is released, without the confirmation window. A refusal of the broker puts the plate back. "+" adds a partial close level of the position
BE	Where breakeven fires and where the stop goes: "BE at +1.5 R → SL 1.12306". The mark is dragged to move the trigger of this position. After it fires it shows done for a minute
Trail	Where trailing starts ("Trail from +1.5 R", "from after BE"), while it works - "Trail on" and the distance to the stop. Before it starts, the mark can be dragged
TP1 ... TP5, SL1 ... SL5	Partial close levels: share, price, points and money. The plate is dragged, the cross removes the level. A closed level shows a tick for a minute
broker stop	The emergency broker stop under a hidden Stop Loss, grey dots
Close #...	The vertical line of the auto-close of a position with the time and a countdown. Dragged left and right, it changes the close time
Pending order	The entry plate is dragged, the order is moved at the broker. Take Profit and Stop Loss of the order are dragged too. A Stop-Limit shows its Limit price with dots
OCO	A bracket with the OCO tag between the legs of a pair when one leg is selected

Levels of an open position are dragged right on the chart: the new Stop Loss or Take Profit goes to the broker when the mouse button is released, the SL and TP columns of the Positions tab change at once.

A click on the BE or Trail mark, on a partial close level or on the auto-close line opens the position window at this rule. The pencil on the entry plate opens the window of the trade, another click closes it.

News, alerts and tasks

News are drawn as dashed vertical lines with a currency tag, folded into a short "⚠ USD" tag: a click on a tag opens all news as full plates, another click folds them. "+2" in the tag means two more news come out at the same time. The tooltip of a tag shows the forecast, the previous and the actual value. The lines are switched on in Rules → News, the number of lines and the past news are set in the calendar window (section 14). Price alert lines are dragged with the mouse, each has a cross. Tasks are drawn as vertical lines in the colour of the action: red ones close and remove, blue ones open a trade, grey ones do the rest. A task line is dragged in time, a click on it opens the task in the Tasks window.

---

Type	Where the entry is	What happens
Limit	Buy below the price, Sell above	The order fills when the price comes back to the entry
Stop	Buy above the price, Sell below	The order fills at market when the entry is broken
Stop-Limit	The trigger as for Stop	When the price reaches the trigger, the broker places a limit order the set number of points inside. The Limit row shows the limit price and the offset below trigger or above trigger

The type follows the price: an entry moved across the price turns Limit into Stop and back, and the panel remembers the choice between Stop and Stop-Limit.

Expiry of the order

The Expires row: a date field in the yyyy.mm.dd hh:mm format and the list GTC (no expiry), 1 hour, 4 hours, End of day, 1 week and On the chart. The ↔ button and the On the chart item open the ruler: an Expires vertical line on the chart with the date and a countdown. It is dragged to the time and confirmed with the tick on its plate, Esc cancels. The time is server time. When the symbol does not accept GTC or a time expiry, the open button says so directly, the panel does not swap the expiry silently.

Expiry from the panel and from the chart: the 4 hours preset, then the Expires ruler. The date plate is dragged in time, the tick puts the date into the Expires row.

OCO: one cancels the other

The OCO button in the expiry row opens the OCO row with a list. When one leg of a pair fills, the panel deletes the other. At start the panel checks the pairs: if a leg became a position while the panel was not running, the other leg is removed.

Item	What is placed	When to choose it
Mirror	An opposite order on the other side of the price at the same distance, Stop Loss and Take Profit mirrored. For a Limit the opposite Limit, for Stop and Stop-Limit the opposite Stop	An entry to one of the two sides of the current price
Fork	Buy Stop and Sell Stop around the price. The button becomes Place fork, both legs are shown on the chart with the OCO bracket, the second leg can be dragged	A breakout to either side, for example before news
Pair	A pair with a pending order of this symbol that is already placed, listed by ticket	To link a new order with an order that already waits
Off	A single order	No link

OCO on the Trade tab: Mirror shows the second leg as a line of the panel, Fork draws the Sell Stop leg with the OCO bracket on the chart, Off brings back a single order.

---

Every action that opens, closes, removes or changes trades goes through one confirmation window. The window shows the contents and the amount, not a general question. The set of tickets is fixed at the moment of the question: a position opened while the trader reads the window is not touched.

Window title	What is inside
Confirm trade / Confirm order	A mini ladder of Take Profit, Entry, Stop Loss with prices, points and money, risk in money and in percent of the balance, R:R, margin and free margin after the trade, rules of the position, the OCO pair, a yellow line about close news. On a netting account - what the trade does to the open position
Closing positions / Close part	Up to four positions with their result, then "and N more", the Net now total with swap and commission. Close at market with the slippage from the settings, the largest loss closes first
Breakeven	Which stops move and by how much, which positions are skipped
Hedge, Reverse	Opposite volume or reversal of the net volume. Hedging accounts only
Remove pending	The orders to remove. For a leg of an OCO pair three buttons: Cancel, This leg only, Both legs
Activate now	The price of the market order that replaces the pending one
Apply to open	How many positions get the default rules of the Rules tab and how many of them have own settings
Apply changes	What exactly changes in the position or order window
Exit panel	What happens when the panel is removed: hidden levels go back to the broker, the rules stop, positions and orders stay

Esc cancels, Enter runs the main button. While the window is open, the panel and the chart do not react to clicks. The Skip this confirmation until restart box switches the question off for this one action until the panel restarts. The permanent switches of the questions are in Settings → Execution, the Confirm row. Hotkeys that close, remove, move stops or open a trade always ask (section 16).

---

The Positions tab shows everything the panel manages and the actions on it: on one row and on a group.

No.	Element	What it does
1	This symbol / All symbols, Other EAs	Scope of the lists and the group actions: the chart symbol or all symbols. The Other EAs box adds trades of other EAs, their rows carry a grey mark
2	Open list	Columns Side, Lot, Entry, P/L, SL, TP, Rules and the pencil that opens the position window
3	Actions of the selected row	Breakeven, percent field, Close part, Close, Edit
4	Pending list	Columns Type, Lot, Price, Dist. · Expires, the OCO pair icon and the pencil, under the list Activate, Delete, Edit
5	Actions block	Group actions on the whole scope

SL and TP in the Open list are distances from the entry in points or pips, an amber dash means there is no level. The Rules column holds three dots: Breakeven, Trailing, Partials. An empty dot - the rule is off, a ring - it waits, a filled dot - it has fired or works. The tooltip of a row shows the ticket, the levels, the result and the result in R when the initial risk is known. With All symbols the rows are grouped by symbol, a click on a symbol row folds the group. The list shows five rows, scrolls further with the wheel, and its header counts "1-5 of 12".

Button	What it does
Breakeven	Stop of the selected position to breakeven, only when it is in profit
Close part	Closes the percent from the field on the left of the current volume of the selected position
Close, Edit	Close the selected position, open its window
Activate	A market order now with the volume and the levels of the selected pending order, then the pending order is deleted. The rules on fill move to the position
Delete	Delete the selected order. For an OCO leg the window asks whether to delete one leg or both
Close all, Close Buy, Close Sell	Close every position of the scope, only Buy, only Sell
Close profit (N), Close loss (N)	Close the positions in profit or in loss, their number in brackets
Close part · all	Close the percent from the field of the Open row of every position of the scope
Breakeven all	Stops of all positions in profit to breakeven, the others are skipped
Hedge all	Opposite volume to every position, the new legs get no rules. Hedging accounts only
Remove pending ▾	Remove pending orders of the scope by kind: All, Stops, Limits, Stop-Limits, Buy, Sell, with the number of orders of each kind
Reverse all	Close every position of the scope and open the net volume the other way, Stop Loss and Take Profit from the plan of the Trade tab. Hedging accounts only

Selecting the row of an OCO leg highlights its partner in the list and draws the OCO bracket between the legs on the chart. Selecting a position row shows its levels on the chart (section 5).

---

A window opens with the pencil in a list row or on the entry plate, with the Edit button or with a double click on a level plate of a position. One trade window is open at a time: the pencil of another trade switches it. Edits in the window are a draft: the chart shows the draft levels at once (the On chart switch of the Levels block), and the broker gets them in one modification with the Apply changes button. Before sending, the panel reads the values at the broker again. While nothing is changed, the button reads No changes.

No.	Element	What it does
1	Header	Position #ticket, under it a line: direction and volume, symbol, age of the position, fees - swap and commission, the comment when it is not the comment of the panel
2	Levels	Take Profit and Stop Loss by price and by points, the result of each level in money. The Entry row shows the current result in money, in percent of the balance and in R. R:R field, Keep R:R, Hidden
3	Rules · for this position	Breakeven, Trailing, Partials and Auto-close of this position: a box, a summary and the default or own mark. A click on a row opens the fields of the rule
4	Actions	Breakeven now, Reverse, Close part with a percent field and the volume, Hedge, Close at market
5	Apply changes button	Sends all edits of the window in one request

Points in the level fields work on both sides of the entry: a negative value means the level is beyond the entry, for example a stop in profit after breakeven. The rules of a position start equal to the rules of the Rules tab and are marked default. An edit of any field makes the rule its own, the mark turns to own. The Reset to default button of an open rule takes the values of the Rules tab back. Reverse and Hedge exist on hedging accounts only.

Block of the Pending window	What is in it
Header	Pending #ticket, type, volume, symbol and how long the order has been waiting
Levels	Entry by price or by points from the market (Ask for Buy, Bid for Sell). Take Profit and Stop Loss follow the entry unless pinned. R:R, Keep R:R, Hidden: on fill the levels stay with the panel, the broker keeps only the emergency stop
Order	Type Limit / Stop / Stop-Limit, for Stop-Limit the Limit at field. Volume with the margin. Expires: the list, the ↔ ruler button and the quick terms 1 h, 4 h, Day, Week, GTC from now. OCO pair: choice of the partner among the orders of the symbol, the Unlink button, the Mirror SL / TP edits to the partner box
Rules · on fill	The same four rules as for a position. They switch on when the order fills
Actions	Activate now at the current price, Delete this order, for an OCO pair also Delete both OCO orders

---

Continued in part 2: Rules, Protection, Stats, Settings, Tools, Hotkeys, Input settings, Questions -> HERE

---

Buy AW Trade Manager:

MT5 version
👉 https://www.mql5.com/en/market/product/205654

---

AW Trading Software

Support: https://www.mql5.com/en/users/nechaevrealle