Universal Trade Manager MT4
- Utilities
- Version: 1.0
- Activations: 10
Universal Trade Manager MT4 is a compact on-chart trade management utility for MetaTrader 4.
It is designed for traders who open or already have BUY and SELL market positions and want fast access to essential trade-management functions from one panel.
UTM4 does not generate trading signals and does not automatically decide the initial live market entry. The trader remains responsible for the trading decision.
Main Features
- Compact on-chart management panel.
- Scalper, Intraday and Swing preset modes.
- Custom user-defined management values.
- Stop Loss management.
- Take Profit management.
- Break Even.
- Partial Close.
- Close All managed positions.
- Manual Stop Loss by Pips, Points or exact Price.
- Configurable Trailing Stop.
- Tiered TP1, TP2 and TP3 management.
- Optional Martingale-style position layering.
- Persistent settings when changing chart timeframe.
- Visual Strategy Tester compatibility.
- Broker-aware lot and stop-distance handling.
Trading Modes
UTM4 includes three preset management modes.
SCALPER
Stop Loss: 300 pips
Default Take Profit: 600 pips
TP1: 300 pips
TP2: 600 pips
TP3: 900 pips
Trailing Distance: 200 pips
Trailing Step: 50 pips
Martingale Step: 300 pips
INTRADAY
Stop Loss: 600 pips
Default Take Profit: 1200 pips
TP1: 600 pips
TP2: 1200 pips
TP3: 1800 pips
Trailing Distance: 400 pips
Trailing Step: 100 pips
Martingale Step: 600 pips
SWING
Stop Loss: 1200 pips
Default Take Profit: 2400 pips
TP1: 1200 pips
TP2: 2400 pips
TP3: 3600 pips
Trailing Distance: 800 pips
Trailing Step: 200 pips
Martingale Step: 1200 pips
These presets are starting values only.
The practical meaning of pip distance varies between Forex pairs, metals, indices and other CFD symbols. Users should review and adjust the values for the symbol and broker specification they trade.
Custom Settings
Users are not restricted to the preset values.
Manual changes can be made to:
Manual Stop Loss
Trailing Distance
Trailing Step
TP1
TP2
TP3
When these values are changed manually, the panel switches to CUSTOM configuration while preserving the user's values.
Stop Loss Management
UTM4 provides three manual Stop Loss methods:
PIPS
POINTS
PRICE
PIPS applies the entered value as a pip-based distance from the trade entry price.
POINTS applies the entered value using the symbol's MetaTrader point size.
PRICE allows the user to enter an exact Stop Loss price.
The requested level is checked against the current market price and broker stop/freeze restrictions before modification.
Take Profit Management
The normal TP button applies the configured Take Profit distance to all managed positions within the active scope.
Tiered Take Profit
UTM4 also provides TP1, TP2 and TP3 management.
TP1 attempts to partially close the position using the configured percentage. The default value is 70 percent.
TP2 closes the remaining position.
TP3 can close all currently managed positions when the TP3 condition is reached.
Partial closing depends on the broker's minimum lot and lot-step requirements.
Very small positions may not support the requested partial-close percentage.
When Tiered Take Profit is enabled and TieredTPClearBrokerTP is enabled, the ordinary broker-side Take Profit is removed from managed positions so that the panel can manage the tiered exit logic.
MetaTrader 4 must remain running for terminal-managed TP1, TP2 and TP3 actions to operate.
Trailing Stop
Trailing Stop can be enabled or disabled from the panel.
Users can configure:
Trailing Distance
Trailing Step
For BUY positions, the Stop Loss only moves upward.
For SELL positions, the Stop Loss only moves downward.
The system does not intentionally move an existing Stop Loss to a worse level.
Break Even
The Break Even function moves the Stop Loss toward the original entry price.
An optional BreakEvenOffset can be configured.
Partial Close
The 50% button attempts to close approximately half of each managed position.
The actual volume must comply with the broker's minimum lot and lot-step requirements.
Close All
Close All closes every open BUY or SELL position that matches the current management scope.
Users should confirm the selected symbol and Magic Number filter before using this function.
Multi-Layer Position Management
UTM4 can manage multiple open BUY or SELL positions that match the active management scope.
This allows Stop Loss, Take Profit, Break Even, partial close and other management functions to be applied even when several trade layers are open.
Martingale
UTM4 includes an optional Martingale-style layering function.
Martingale is disabled unless the user enables it.
The function does not create the normal initial live trading decision.
A base position must already exist.
When enabled, the system can add another position in the same direction after price moves against the latest position by the configured Martingale Step.
The next volume is calculated using the configured multiplier, subject to broker volume rules, maximum lot settings and available margin.
Martingale can increase exposure and drawdown significantly.
Users should understand the risks of position multiplication before enabling this function.
Managed Trades
UTM4 manages open market positions:
BUY
SELL
Pending orders are not managed.
Management scope is controlled by:
CurrentSymbolOnly
MagicNumberFilter
CurrentSymbolOnly limits management to the current chart symbol when enabled.
MagicNumberFilter allows the user to control which positions are included.
A value of 0 is commonly used for manually opened MetaTrader 4 positions.
A value of -1 includes all Magic Numbers.
Users should use broad filters carefully because functions such as Close All apply to all matching positions.
Persistent Settings
UTM4 stores its working configuration using MetaTrader terminal global variables.
Changing chart timeframe does not intentionally reset the current panel configuration.
The selected mode, editable management values, toggle states, current panel tab and panel position are preserved.
Broker-Aware Operation
UTM4 reads symbol properties directly from MetaTrader 4, including:
Digits
Point
Minimum Lot
Maximum Lot
Lot Step
Stop Level
Freeze Level
This helps the utility adapt its order-management calculations to different broker symbol specifications.
Actual execution remains subject to the broker's trading conditions and symbol settings.
Strategy Tester Support
UTM4 supports MetaTrader 4 Visual Strategy Tester operation.
During Strategy Tester operation only, two additional buttons are available:
TEST BUY
TEST SELL
These buttons create a base test position using TesterBaseLot so that management functions can be evaluated on historical data.
TEST BUY and TEST SELL are not displayed during normal live or demo chart operation.
Requirements
MetaTrader 4.
AutoTrading must be enabled when the utility needs to modify, close or create positions.
MetaTrader 4 must remain running for Trailing Stop, Tiered Take Profit and Martingale management.
No DLL is required.
No WebRequest is required.
No external files are required.
No external licensing system is used.
Limitations
UTM4 is a trade-management utility.
It does not provide market-entry signals.
It does not predict market direction.
It does not guarantee trading results.
Pending orders are not managed.
Broker restrictions may prevent a requested Stop Loss, Take Profit or partial-close operation.
Very small positions may not support percentage-based partial closing.
Preset distances should be reviewed for each instrument and broker.
Risk Notice
Trading leveraged financial instruments involves risk.
Martingale-style position multiplication can increase exposure rapidly when the market continues moving against existing positions.
Users are responsible for selecting appropriate trade size, management distances and risk limits.
Historical Strategy Tester behavior does not guarantee future trading results.
