NextGen Trade Manager AI
- Utilities
-
Bernhard Schweigert
⚜️ Elevate Your Trading Success with innovative Solutions ⚜️
Trading without the right tools is like navigating without a map. - Version: 1.4
- Updated: 25 October 2026
- Activations: 5
Advanced Trade Manager (40% OFF) is the on-chart panel of NextGen Trade Manager AI for manual trading: instant order execution, visual trade planning and automated risk management in one tool.
The panel replaces the standard MT4 trade dialogs: you execute orders, set stops and close positions directly on the chart, size your lots by risk and let the panel handle break-even, trailing and partial closes. Suitable for scalping and intraday trading on any instrument.
Test in the MT4 Strategy Tester
Download the demo version to unlock paper trading functionality. The demo version supports manual trading in the MT4 Strategy Tester, so you can practice execution and your risk rules in a simulated environment before going live.
Documentation
Full user manual and step-by-step guide: https://www.mql5.com/en/blogs/post/764217
Key Advantages:
- Trade in a Flash: Execute orders, set stops, and close positions with a single click.
- Smarter Risk Management: Automate lot sizing based on fixed risk, account balance, or equity. Validate stops against broker rules.
- Built-in Protection: Automate Break-Even, activate Trailing Stops, and use partial closes to lock in profits and minimize risk.
- Prevent Costly Mistakes: Safety confirmations for market orders and close functions ensure you never close a trade by accident.
- Settings That Stick: Your custom panel setup is automatically saved per chart and symbol – a unique feature for a seamless experience.
- Master Your Strategy: Compatibility with the Strategy Tester allows manual practice and strategy refinement in the demo version.
Execution and Trade Planning
- Instant Trade Execution: One-click trading for BUY and SELL market orders. Direct visual feedback for instant execution confirmation.
- Visual Trade Planning: Drag-and-drop lines to set pending orders (Limit/Stop) directly on the chart. Confirm and execute planned trades with a single click when the price is reached.
Risk, Trade Management and Safety
- Intelligent risk and lot calculation: choose Fixed Lots, Money Risk (e.g. $50) or Percentage Risk (e.g. 1% of the account balance); Stop Loss and Take Profit levels are validated automatically against broker minimum and maximum distances.
- Advanced trade management: Break-Even moves the Stop Loss to the entry price once a predefined profit in points is reached, a dynamic trailing stop activates after the BE level to protect open profit, and partial close closes 50% (or a custom share) of a position with one click - the panel marks positions to prevent multiple partial closures.
- Safe close operations: close All, Only Profitable or Only Losing trades, with confirmation dialogs that prevent accidental closures.
- Customization and compatibility: works on all financial instruments (Forex, Stocks, Crypto) and all timeframes; panel settings and positions are saved per symbol and chart template.
- Strategy Tester: the demo version supports manual simulation in the MT4 backtester.
Why Choose This Trade Manager
Designed by a trader for traders, the panel replaces slow MT4 dialogs with a responsive on-chart interface that helps you stay disciplined, manage risk automatically and execute your plan consistently.
Input Parameters
The labels below are identical to the input window of the Expert Advisor. The value in square brackets is the default.
==== TRADE MANAGEMENT MODES ====
- Trade Management Mode – Manage only TM trades on current symbol (default), Manage all trades on current symbol (TM + manual), Manage TM trades on all symbols, Manage all trades on all symbols.
- Magic number for TM trades [12345] – marks the panel's own orders.
- Settings Save Mode – Always use input parameters (no saving), Save settings individually per symbol (default), Save same settings for all symbols.
==== TRADING: Order / Risk ====
Order and lot size
- Default lot size if Risk % = 0 [0.10] – fixed volume used when no risk value is set.
- Risk $ per trade (overrides above if set) [0.0] – volume from this money risk in account currency.
- Risk % per trade (overrides above if set) [0.0] – volume from this percentage of the account; highest priority of the three lot settings.
Stop Loss and Take Profit
- Stop Loss (points) when ATR=OFF [300] and Take Profit (points) when ATR=OFF [350] – fixed distances while ATR mode is off.
- Use ATR for SL/TP (overrides above) [true] – SL and TP are calculated from volatility.
- ATR period [14] and ATR Timeframe [H1] – averaging period and timeframe of the ATR.
- SL multiplier if ATR mode [2.0] – Stop Loss distance = multiplier × ATR.
- TP multiplier if ATR mode [2.0] – Take Profit distance = multiplier × ATR.
Break-Even
- Use Break Even BE [true] – Break-Even is active.
- BE trigger in points [150] – profit in points after which the Stop Loss moves to the entry price.
- If true, BE trigger uses ATR multiplier [true] – trigger is calculated from ATR instead of fixed points.
- BE trigger in ATR if enabled [1.0] – trigger distance = multiplier × ATR.
Trailing Stop
- Use trailing distance [true] – trailing stop is active.
- Trailing distance in points [200] – distance kept between price and stop.
- If true, trailing distance uses ATR [true] – the distance is calculated from ATR.
- ATR multiplier for trail dist [1.5] – trailing distance = multiplier × ATR.
- Trailing step in points [10] – minimum improvement before the stop moves again; prevents constant modifications.
====== PARTIAL / CLOSE ======
Partial close
- Partial close percent [50.0] – share of a position closed by the partial close button.
- Close % when BE triggers [false] – closes this share automatically once Break-Even is reached.
- Close % first time trailing triggers [false] – closes this share the first time the trailing stop activates.
Weekend and execution
- Close all trades Friday [false] – closes all managed trades before the weekend.
- Friday hour to auto-close (broker time) [22] – server hour from which the Friday closing runs.
- Slippage in points [50] – maximum deviation accepted when an order is filled.
==== LINE PLANNING (pending orders) ====
- Initial offset for plan line in ATR (0=SL/TP) [0.0] – distance of the drag-and-drop planning line from price, in ATR; 0 uses the SL and TP distance.
- ATR Timeframe [Current] – timeframe of the ATR used for that distance.
==== PANEL / STYLE INPUTS ====
- Panel X offset [10] and Panel Y offset [20] – distance from the upper left chart corner in pixels.
- Panel width [300] and Panel height [760] – size of the panel in pixels.
- Row height for controls [22] – height of one button row.
- Vertical gap [4] – space between the rows.
- Font size [10] – text size inside the panel.
==== Color Settings ======
Panel colours
- Panel background color (dark) [C'25,25,30'] – background of the panel.
- Panel text color [White] – all panel labels.
- Header/title color [Gold] – the header line of the panel.
Button colours
- Button neutral (inactive) [C'60,80,140'] – buttons without an active function.
- Button buy action (green) [C'40,140,60'] – BUY buttons.
- Button sell action (red) [C'160,50,50'] – SELL buttons.
- Button exit/close action (orange/brown) [C'180,120,40'] – close and exit buttons.
Line colours
- Pending order lines: BuyLimit / SellStop [DodgerBlue] – colour of these planning lines.
- Pending order lines: BuyStop / SellLimit [Yellow] – colour of these planning lines.
==== Help Settings =====
- Display help on first start [true] – shows a short help text on the chart the first time the panel is loaded.
Important Notes
- A functional demo version is available for download, so the panel can be tested in the free Strategy Tester.
- For updates, trading examples and background information see my MQL5 Market profile, the news channel and the blog.
- Support: if you have a question or need help, contact me through my MQL5 profile.
Wishing you consistent trading and many green pips!
Best regards,
Bernhard Schweigert
