Forex Trade Manger Pro MT5

Trade Manager MT5 is a comprehensive trade management utility for MetaTrader 5 that gives you complete control over every aspect of your position from the moment you plan a trade to the moment you close it. It is built for traders who take risk seriously, from the beginner building discipline to the professional scalper who needs instant execution across multiple positions.

The tool attaches to any chart and presents a clean, compact panel. You mark your intended entry, stop loss, and take profit levels using draggable horizontal lines directly on the chart. Trade Manager instantly calculates the correct position size based on your defined risk, shows you the stop loss and take profit values in pips and account currency in real time, and displays the risk-to-reward ratio for the planned trade. There is no manual calculation involved. You define the risk once and the tool handles everything else.

Position Sizing and Trade Execution

Trade Manager supports four lot calculation modes. You can trade a fixed lot size, risk a specific cash amount, risk a percentage of your balance, or risk a percentage of your current equity. Whichever mode you choose, the lot size updates automatically as you adjust the entry or stop loss line on the chart.

Market orders and pending limit orders are placed with a single click. For accounts that require large volume, the built-in trade splitting feature divides a single large order into a defined number of smaller parts, executed simultaneously, to stay within broker limits and reduce slippage impact.

Break Even

The basic break even function moves your stop loss to the open price, plus a small pip buffer you define, as soon as price travels a set percentage toward your take profit. You choose the activation level and the buffer.

The multi-level break even system extends this concept across four independent levels. Each level has its own activation threshold and its own profit buffer. You might protect a small gain at 30 percent of the way to target, lock in more at 50 percent, and secure a meaningful profit floor at 70 and 90 percent. Once each level triggers, it does not repeat. The logic is clean, sequential, and fully configurable.

Trailing Stop

Six trailing stop methods are available and you select which one applies to each session through the input parameters.

The basic trailing stop follows price by a fixed pip distance once the trade has moved a defined number of pips in your favor. The step parameter prevents the stop from adjusting on every single tick, which avoids unnecessary order modification requests to the broker.

The multi-level trailing stop tightens the distance automatically as the trade progresses further into profit. Four levels reduce the trailing distance in stages so that early profit is protected loosely while later profit is protected tightly.

The high and low based trailing stop anchors the stop loss below the most recent completed bar's low for buy trades, or above the most recent bar's high for sell trades, rather than following a fixed pip distance from the current price. This approach respects natural market structure.

The moving average trailing stop positions the stop loss relative to a selected moving average. The period and calculation method are configurable inputs. This method suits trend-following strategies where the moving average itself defines the expected support or resistance.

The ATR-based trailing stop scales the trailing distance to current market volatility using the Average True Range indicator. The ATR period and multiplier are separate inputs. When volatility expands, the stop gives the trade more room. When volatility contracts, the stop tightens. This prevents being stopped out by normal noise while still capturing a meaningful portion of directional moves.

The partial closure trailing stop combines progressive position reduction with a basic trailing stop. As the trade reaches a defined profit threshold, a portion of the position is closed. The remaining portion continues to trail. This method locks in realized gains while leaving a runner in place.

Partial Take Profit and Partial Stop Loss

Up to four partial take profit levels can be defined. For each level you set what percentage of the current position to close and at what percentage of the total take profit distance that closure should trigger. The levels fire in sequence and each triggers only once per position.

Up to four partial stop loss levels work the same way on the downside. The first level can close a fixed lot amount, which is useful for positions where you want to reduce exposure by a specific volume rather than a percentage. The remaining three levels each close a percentage of the remaining position at defined distances toward the stop loss. This graduated reduction limits the worst-case loss on a position that moves against you but has not yet hit the full stop.

Equity Protection

When enabled, equity protection monitors the combined profit and loss of all open positions on the current symbol. If the total reaches a defined maximum loss in account currency, all positions are closed immediately. If the total reaches a defined maximum profit in account currency, all positions are also closed. This feature is useful for traders who set a session drawdown limit or a daily profit target and want the rule enforced automatically without monitoring the terminal.

Stealth Mode

In stealth mode, stop loss and take profit levels are not sent to the broker server. They are stored internally by the utility and monitored on every tick. When price reaches a virtual level, Trade Manager executes the close at market. From the broker's perspective the order carries no stop loss or take profit. This prevents the broker's systems from seeing your levels and removes any possibility of stop hunting based on visible orders in the order book.

Automated Stop Loss and Take Profit for External Orders

When this option is active, Trade Manager scans all open positions on the symbol that have no stop loss or no take profit and applies the default values you have configured. This protects positions opened from a mobile device, another utility, or a signal copier that may have executed without protective levels attached.

OCO - One Cancels Other

When you have both a buy pending order and a sell pending order active on the same symbol, the OCO function cancels the opposite pending order as soon as one of them is filled. This is standard practice for bracket orders where you are waiting to see which direction price breaks.

Trailing Pending Orders

Pending orders can follow price at a fixed pip distance. As price moves, the pending order price adjusts to maintain that distance. This keeps the order relevant during slow trending conditions without requiring manual modification.

Panel Controls

The panel provides one-click closure of all positions on the symbol, all profitable positions only, all losing positions only, buy positions only, or sell positions only. The current profit or loss of each group is displayed next to the corresponding button so you know the financial impact before you click.

Pending orders can be deleted by type. You can remove all pending orders, limit orders only, or stop orders only in one click.

The move to break even button applies the basic break even to all open positions immediately on demand, regardless of whether the automatic trigger has fired.

The close 50 percent button reduces all open positions on the symbol by half in one operation.

Large Trade Splitting

For high-volume accounts, any order where the required lot size exceeds a defined maximum is automatically divided into equal parts and submitted as separate orders. The number of parts is configurable. Each part carries the same stop loss and take profit. The total exposure equals what the single order would have been.

Custom Chart Compatibility

Trade Manager works on standard symbol charts and on custom chart types including Renko, range bars, and second-based charts. The pip size calculation adapts to three-digit, four-digit, five-digit, and non-standard symbol precisions automatically.

Settings Templates

Not available as an in-chart save feature in this version. All settings are configured through the standard MetaTrader input parameters dialog, which can be saved and loaded as profiles through the terminal's native template system.

Chart Lines and Labels

Three horizontal lines are drawn on the chart when Trade Manager initializes: an entry line, a stop loss line, and a take profit line. All three are draggable. The label text on each line is fully customizable through input parameters using token placeholders. The available tokens are the stop loss in pips, the take profit in pips, the stop loss in account currency, the take profit in account currency, the calculated lot size, and the risk-to-reward ratio. You can arrange these tokens in any order with any surrounding text.

Compatibility

Trade Manager MT5 is compatible with all symbols available in MetaTrader 5 including forex pairs, indices, commodities, metals, energies, and cryptocurrencies. It operates on all timeframes. Hedging accounts are required for partial close functions. The utility does not place trades autonomously. Every trade action requires a direct input from the trader through the panel or through the chart lines.