TradeManagerEA
- Utilities
- Emmanuel Opeyemi Adesoye
- Version: 1.0
TradeManagerEA — Full Trade Management Solution
Overview (Short Description)
The TradeManagerEA is a specialized Expert Advisor designed to manage open trades across all symbols. It provides automatic breakeven rules, trailing stops, and additional settings optimized for Gold (XAU/GOLD). This tool requires minimal user intervention and can enhance the consistency of your trading approach.
Detailed Description
1. Core Features
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Breakeven Management: Automatically moves Stop Loss to entry price plus a defined buffer after reaching the first Take Profit (TP1).
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Trailing Stop: Gradually tightens the Stop Loss as the price moves in your favor, with customizable step and distance.
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Gold-Specific Parameters: Special overrides for pips, trailing stops, and breakeven when trading XAU or GOLD.
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Apply to All Trades: Manage positions across all symbols and Magic Numbers or restrict to a specific Magic Number.
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Error Handling & Safe Modifications: Uses OrderSend() with checks to handle SL/TP modifications.
2. Requirements
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Platform: MetaTrader 5
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Account Type: Any account that supports hedging or netting (EA can adapt to both, but typically tested on hedging).
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Symbol Compatibility: Forex majors, minors, metals (especially Gold), indices, etc.
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Minimum Balance: No strict requirement, but standard margin rules apply for open trades.
3. Input Parameters
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Breakeven Settings
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TP1_Pips : The distance in pips from entry to consider as the first take-profit if the position does not have an actual TP.
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TP1_Activation_Pips : Distance in pips to consider the target “hit”.
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Breakeven_Buffer_Pips : Additional pips above the entry price to place SL at breakeven (for buy) or below entry (for sell).
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Trailing Stop Settings
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Trailing_Stop_Pips : The distance in pips that defines how “far behind” price your Stop Loss will trail.
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Trailing_Step_Pips : The minimum price movement in pips before trailing stop adjusts again.
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Gold-Specific Settings
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Use_Gold_Specific : Set true to use special parameters for Gold.
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Gold_TP1_Pips : The default TP1 pips to use for XAU/GOLD.
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Gold_Breakeven_Buffer_Pips : Breakeven buffer for Gold.
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Gold_Trailing_Stop_Pips : Trailing stop distance for Gold.
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Gold_Trailing_Step_Pips : Trailing step for Gold.
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General Settings
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Apply_To_All_Trades : If true , no Magic Number filter is used; the EA manages every open position on your account.
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Magic_Number : Only used if Apply_To_All_Trades is false.
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Slippage : Maximum slippage in points for order modifications.
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OrderComment : Custom comment used when modifying orders.
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4. How to Use
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Drag-and-drop TradeManagerEA II onto a chart in MT5.
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Configure the Input Parameters according to your preference.
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Allow AutoTrading.
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The EA will immediately scan existing positions and manage them if the conditions are met (magic number, symbol, etc.).
5. Best Practices
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Test the EA on a demo account first, especially if you trade XAU/GOLD, to confirm the correct pip multiplier for your broker.
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Use small risk or minimal lots to gauge performance.
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Keep the terminal open or use a VPS for uninterrupted trade management.
6. Updates / Changelog
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Version 1.25 (2025.01.01):
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Initial public release on MQL5.
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Includes gold-specific logic for breakeven and trailing.
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7. Support
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Contact: Via the MQL5 product’s “Discussion” tab or send a private message.
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Time Zone: GMT. Typical response time: within 1-2 business days.
8. Disclaimer
Trading involves risk. Past performance does not guarantee future results. The developer is not responsible for any financial losses arising from the use of this tool.
