Beginners Trading Manager
- Utilities
- Version: 1.0
- Activations: 10
ATR Trade Panel — One-Click Trading with Smart Risk Management
A professional on-chart trading panel that lets you open, manage, and close trades with a single click — with automatic stop loss, take profit, and lot size calculated for you in real time.
No more manual calculations. No more second-guessing your position size. Just set your risk, click Buy or Sell, and the panel handles the rest.
What it does
- Places Buy or Sell market orders instantly from the chart
- Automatically sets Stop Loss and Take Profit based on current market volatility (ATR)
- Calculates the correct lot size so you never risk more than your chosen percentage per trade
- Trails your Stop Loss automatically using the Chandelier Exit method — one of the most respected trailing stop techniques used by professional traders
- Closes all open positions on the symbol with a single button
- Fully draggable panel — place it anywhere on your chart
- Remembers its position and settings across timeframe switches and restarts
Why ATR-based SL/TP?
Fixed pip stop losses are blind to market conditions. The ATR (Average True Range) measures how much a market actually moves — so your stop loss automatically widens in volatile markets and tightens in calm ones. This means fewer random stop-outs and more accurate risk control.
Why Chandelier Exit trailing stop?
The Chandelier Exit anchors your trailing stop to the highest high (for buys) or lowest low (for sells) over a lookback period, then subtracts a volatility buffer. It keeps you in trending moves longer while still protecting your profits — and it works on any position, whether you just opened it or it has been running for days.
Key Features
- One-click Buy and Sell with automatic SL/TP
- ATR-based stop loss and take profit (fully adjustable multipliers)
- Volatility-adjusted lot size calculator based on account risk percentage
- Chandelier Exit trailing stop toggle (ON/OFF from the panel)
- Adjustable SL multiplier, TP multiplier, and Risk % directly on the panel — no need to open settings
- Live display of ATR value, calculated lot size, and risk amount in dollars
- Open entries counter for the current symbol
- Draggable panel with persistent position across timeframe switches
- Trail state persists across timeframe switches — stays ON if you set it ON
- Compatible with any symbol and any timeframe
Input Parameters
| Parameter | Default | Description |
|---|---|---|
| ATR_Period | 14 | Number of bars used to calculate the ATR value |
| ATR_TF | Current | Timeframe used for ATR calculation. Use a higher timeframe for smoother values |
| Chan_ATR_Mult | 3.0 | Chandelier Exit multiplier — how far the trailing stop sits from the swing high/low. Lower = tighter trail |
| Chan_Period | 22 | Number of bars to look back for the highest high / lowest low used by the Chandelier Exit |
| ManualLotSize | 0.01 | Fallback lot size used only when Risk % is set to 0 on the panel |
| PanelX | 20 | Default horizontal position of the panel on the chart (pixels from left) |
| PanelY | 80 | Default vertical position of the panel on the chart (pixels from top) |
| BuyColor | Green | Color of the Buy button |
| SellColor | Red | Color of the Sell button |
| PanelBG | Dark navy | Background color of the panel |
| TextColor | White | Color of the panel text and labels |
On-Panel Controls
| Control | Description |
|---|---|
| SL Mult −/+ | Decrease or increase the SL ATR multiplier in 0.1 steps |
| TP Mult −/+ | Decrease or increase the TP ATR multiplier in 0.1 steps |
| Risk % −/+ | Decrease or increase your risk per trade in 0.1% steps |
| ▲ BUY | Open a Buy order at market with calculated SL, TP, and lot size |
| ▼ SELL | Open a Sell order at market with calculated SL, TP, and lot size |
| ✕ CLOSE ALL | Close all open positions on the current symbol |
| ◎ TRAIL: OFF / ◉ TRAIL: ON | Toggle the Chandelier Exit trailing stop on or off |
Important Notes
- Requires Algo Trading to be enabled in MT5 (the green robot icon in the toolbar)
- One EA per chart — to use alongside another EA, simply open a second chart of the same symbol
- All trades are tagged with a unique magic number so they do not interfere with other EAs
