How to Manage Five Take Profit Levels in MT5 — Introducing Matrix Trade Pad Pro v3.23
14 November 2026, 22:29
0
12
How to Manage Five Take Profit Levels in MT5 — Introducing Matrix Trade Pad Pro v3.23
Managing multiple profit targets manually in MetaTrader 5 can be time-consuming, especially when traders need to adjust position sizes, protect profits, and monitor several exits.
Matrix Trade Pad Pro v3.23 is designed to simplify this process through an on-chart manual trading panel.
1. One Trade, Five Profit Targets
Instead of managing every exit manually, traders can configure up to five Take Profit levels (TP1–TP5).
Each enabled target has its own profit distance and percentage allocation.
For example, a trader can distribute the total trade volume as follows:
TP1 — 20%
TP2 — 20%
TP3 — 20%
TP4 — 20%
TP5 — 20%
The panel handles trade execution and target management according to the configured settings and the account type.
2. Break Even and Trailing Stop
Matrix Trade Pad Pro includes configurable tools for managing open trades:
- Break Even: Moves the Stop Loss toward the entry price once the configured trigger is reached.
- Trailing Stop: Adjusts the Stop Loss as the market moves favorably, using configurable start, distance, and step settings.
- Common Stop Loss: Provides a shared protective Stop Loss reference for the trade batch.
These tools automate selected management actions, but they cannot eliminate trading risk or guarantee that a Stop Loss will execute at its requested price.
3. What's New in Version 3.23?
The latest update focuses on improving the trading interface.
Smooth Draggable Panel
Move the panel across the chart using the mouse, without changing its internal control layout.
Saved Panel Position
The panel remembers its location and restores it when restarted.
Improved Chart Interaction
Panel movement has been improved to reduce interference with normal chart navigation.
Display Improvements
Improved text readability and layout consistency across different display settings.
4. Hedging and Netting Support
On Hedging accounts, the panel can distribute positions across enabled targets.
On Netting accounts, multiple exits are managed through partial position reductions.
This allows traders to use the panel with different MT5 account configurations.
5. Additional Trading Information
The panel also provides useful information, including:
- Floating profit and loss
- Account Balance and Equity
- Spread and open position information
- Total managed trading volume
- Candle countdown
- Daily trading information
A minimized panel mode helps traders keep essential controls visible while preserving more chart space.
6. Who Is This Tool Designed For?
Matrix Trade Pad Pro is intended for manual traders who want structured order execution and position management.
It is particularly useful for traders who prefer multiple profit targets, configurable Stop Loss management, and a movable chart interface.
Matrix Trade Pad Pro does not generate trading signals or predict market direction. Entry decisions remain with the trader.
Matrix Trade Pad Pro v3.23
Platform: MetaTrader 5
Category: Trading Utility
Price: $30 USD
Activations: 5
Product Page:
Trading involves financial risk. This product does not guarantee profits or prevent losses.
Developed by Matrix Lab.
