Pip Challenge Trade Manager
- Utilities
- Version: 3.12
- Updated: 23 September 2026
- Activations: 5
Trade the Challenge. Follow the Levels. Stay Disciplined.
The ElohimFX 20 Pip Challenge Trade Manager is a professional manual trade management EA designed for traders who want to follow a structured 20-pip challenge while keeping position sizing and level progression organized.
This is NOT an automatic trading robot. You remain in control of your entries by using the built-in BUY and SELL buttons. The EA handles the challenge calculations, level progression, trade tracking, and state management for you.
🚀 How Does the 20 Pip Challenge Work?
The concept is simple:
Win → Move UP a Level → Increase the Lot Size
Lose → Move DOWN a Level → Return to the Previous Lot Size
Each level is calculated according to your configured risk parameters.
For example:
Level 1 → Level 2 → Level 3 → Level 4 → ...
A successful trade moves the challenge forward.
A losing trade moves the challenge back.
This creates a structured progression system instead of manually calculating the next position size after every trade.
🎯 Manual Trading — You Stay in Control
The EA does not decide when to buy or sell.
When you see your trading opportunity, simply use the built-in:
BUY
or
SELL
button.
The EA opens the managed trade using your configured challenge parameters.
This makes the Trade Manager suitable for traders who already have their own market analysis, strategy, signals, or entry system.
📈 Automatic Level Progression
The EA monitors managed trades and determines whether the challenge should move up or down.
When TP is reached:
WIN → Level +1
The next level uses the corresponding larger lot size.
When SL is reached:
LOSS → Level -1
The challenge returns to the previous level and its corresponding lot size.
The EA also includes deterministic replay functionality to reconstruct the managed trade history and maintain the correct challenge state.
💰 Risk-Based Lot Calculation
Instead of simply using arbitrary lot sizes, the EA calculates position size based on your configured risk parameters.
The calculation is based on:
Risk Amount ÷ Stop-Loss Value
This allows the challenge to calculate the appropriate lot size according to the selected:
-
Starting balance
-
Risk percentage
-
Stop-loss distance
-
Take-profit distance
-
Current challenge level
The EA also includes handling for gold and broker-specific stop requirements.
🏆 20 Pip TP & SL Structure
The default challenge structure uses:
TP: 20 Pips
SL: 20 Pips
You can configure the TP and SL values to suit your preferred challenge setup.
The EA also provides a minimum win-pip setting to help determine whether a completed trade qualifies as a winning challenge trade.
📊 Professional Trading Dashboard
The built-in dashboard gives you an at-a-glance view of your challenge.
It displays information including:
-
Current Challenge Level
-
Wins
-
Losses
-
Win Rate
-
Value Made
-
Last Trade Result
-
Upcoming Level Preview
-
Open Managed Trades
-
Current Lot Progression
You can therefore see where you are in the challenge without having to manually calculate your next position.
🔢 Level Preview
The EA can display upcoming challenge levels so you can see the planned progression ahead of time.
The preview can show:
Level → Lot Size → Risk → Potential Result
This helps traders understand how the challenge develops as they progress through the levels.
🔄 Persistent Challenge State
Your challenge progression is designed to remain consistent rather than relying solely on what is currently visible on the chart.
The EA uses managed trade history and persisted state to maintain the correct challenge level and progression.
This is particularly useful when managing a challenge over multiple trading sessions.
🛡️ Designed for Structured Trading
The 20 Pip Challenge Trade Manager is built around one core principle:
Remove unnecessary calculations so you can focus on your trading decisions.
You decide:
WHEN TO TRADE
WHICH DIRECTION TO TRADE
The EA manages:
POSITION SIZE
CHALLENGE LEVEL
TRADE TRACKING
LEVEL PROGRESSION
RESULT TRACKING
⚙️ Main Inputs
The EA provides configurable settings including:
-
Starting Balance
-
Risk Percentage
-
Stop Loss in Pips
-
Take Profit in Pips
-
Minimum Winning Pips
-
Optional 2TP Mode
-
Starting Level
-
Maximum Levels
-
Level Preview Count
This allows the challenge to be adapted to different account sizes and trading approaches.
👤 Who Is This EA For?
The 20 Pip Challenge Trade Manager is designed for traders who:
✔ Follow a structured trading challenge
✔ Prefer manual trade entries
✔ Want automatic lot-size calculations
✔ Use a fixed TP/SL approach
✔ Want automatic level progression
✔ Want to track wins and losses
✔ Want to reduce manual calculations
✔ Have their own trading strategy or signals
✔ Want a clean dashboard for challenge management
⚠️ Important: This Is NOT an Auto-Trading EA
The 20 Pip Challenge Trade Manager does not automatically search the market for entries.
It does not decide when the market is bullish or bearish.
It does not generate automatic BUY or SELL signals.
You remain responsible for your trading decisions and entries.
The EA is a trade manager and challenge progression tool designed to help execute and manage your own trading plan.
🔥 Key Features20 Pip Challenge
Structured TP/SL challenge management.
Manual BUY/SELL
Enter trades directly from the chart.
Automatic Level Up
Successful trades advance the challenge.
Automatic Level Down
Losing trades return the challenge to the previous level.
Risk-Based Lot Sizing
Lot sizes are calculated from your configured risk parameters.
Challenge Dashboard
Monitor your complete challenge from one interface.
Level Preview
View upcoming levels and their calculated progression.
Trade History Replay
Managed trade history can be deterministically reconstructed.
Persistent State
Challenge progression is maintained between trading sessions.
Gold-Aware Pip Handling
Includes special handling for instruments such as XAUUSD.
Broker Stop Handling
Designed to account for broker stop-distance requirements.
💡 Trade Your Strategy. Let the EA Manage the Challenge.The ElohimFX 20 Pip Challenge Trade Manager gives you a structured framework for executing a manual trading challenge without constantly calculating the next level, position size, or challenge progression yourself.
You make the trading decision.
The EA manages the challenge.
ElohimFX
Trading With Purpose
⚠️ Disclaimer
This indicator is an educational tool only — not financial advice. The levels and zones shown are reference points, not buy/sell signals.
Trading involves risk. You may lose some or all of your capital. All trading decisions and risk management are your responsibility.
No profit is guaranteed. Results may vary between brokers and market conditions. The developer is not liable for any losses or damages.
All sales are final after download, except where required by law. MQL5 Market policies also apply.
By using this indicator, you accept these terms.
