Market / MetaTrader 5 / Utilities /

PFX Trade Manager

FREE

Published: 26 September 2026

Current version: 2.70

PFX Trade Manager

Utilities
Daniel Freeman
Daniel Freeman
United Kingdom

1603
5 (1)
- https://precisionfx.io/
I'm Dan, a UK trader, a disabled veteran, and the builder behind PrecisionFX.
My mission is simple: help people get started in trading without paying a penny.

8 products
Version: 2.70
Updated: 18 October 2026

Trade manually, manage automatically. Break even, trailing stops, partial closes and an equity guard - all from one clean panel. Free - no DLL, no internet, no subscription.

A ton of work has gone into this to make it the best I can make it, and it is free - not a trial, not a lite version - and it always will be. I am still developing it, so expect regular updates. Spotted a bug, or want something added? Reach out in the Comments and I will get it done.

You place the trade. PFX Trade Manager looks after it: it moves your stop to break even, trails it, banks profit in stages and can close everything at a profit target or loss limit - while you get on with your analysis.

PLACE TRADES FAST

Buy / Sell at market with live prices, stop and target in price or pips
Lot size by fixed lots, cash risk, % of balance or % of equity - with the risk shown live in % and money, red when it is over your limit
Drag an order block on the chart: entry, stop and target lines you move into place, market or pending, with an R:R lock
Pending orders that trail price, pullback entries, OCO pairs, and hotkeys (Shift + a letter)

MANAGE EVERY TRADE

Break even - plain, plus four levels that lock more profit as the trade runs
Trailing stop - basic, four levels, swing high/low, moving average, Parabolic SAR, ATR, or follow the partials up
Four partial profits and four partial loss cuts, in lots or %
Distances in pips, % of the target, multiples of the first stop (R), or an exact price
Give naked trades a stop and target automatically - including trades placed from your phone
Virtual (hidden) stop and target the broker never sees
Settings for all trades, or pick a trade and give it its own - then push the current settings onto every open trade in one click

EQUITY GUARD

A profit target and a loss limit across all your tracked trades - in money, % or an equity level. When one is reached it closes everything (and your pending orders if you want), keeps trying until it is flat, and stays latched until you re-arm it.

A CLEAN PANEL

Four tabs - Trade, Manage, Equity, Config - in the same design as the rest of the PFX range
Drag it anywhere by its header - it remembers where you left it
Live P&L, open trades and spread at a glance; Close All asks once when several trades are open
Each managed trade drawn on the chart with its stop, target and levels - click one to manage it
Alerts for opens, closes, pending orders placed, activated and deleted - pop-up, push or email

GOOD TO KNOW

Works on any symbol and timeframe. One Trade Manager per chart.
Virtual stops only protect while MetaTrader is running with the EA attached.
It manages your manual trades by default - set the magic filter to manage an EA's trades too.

MORE FREE TOOLS FROM ME

PFX Equity Shield - an account-wide guardian for prop-firm rules.
PFX Trade Copier - copy trades between MT5 terminals on the same PC.
PFX SLM + PFX SLM EA - structure and liquidity: change of character, fair value gap, return, close.
PFX Journal - your MT5 trades journal themselves: win rate, R, P&L calendar and prop-firm rules online. Never trades.
PFX Executor - turns TradingView alerts into MT5 orders through the free PrecisionFX relay, with risk guards.
PFX Workspace - every terminal, account and chart on one dashboard. Never touches a trade.

I am a disabled veteran and a retail trader. I build the tools I could not afford when I started, and I give them away. If one earns its place and you fancy sending a coffee back, there is a link on precisionfx.io. It unlocks nothing - the tool is the same either way.

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This indicator has a matching Expert Advisor - PFX SLM EA . Same engine, same rules, same trades. Two ways to use them together: backtest the EA to find the best settings for your symbol, then trade those settings by hand with the indicator - or let the EA loose and have it trade them for you. FREE - AND IT ALWAYS WILL BE A ton of work has gone into these tools to make them the best I can make them, and they are free. Not a trial, not a lite version - free, and it always will be. I am still d

Copy trades between MetaTrader 5 terminals on the same computer. Free, and no DLL, no internet connection, no subscription. One EA does both jobs. Attach it as a TRANSMITTER on the account you trade, and as a RECEIVER on every account that should follow. SETUP - four steps Attach to any one chart on the account you copy FROM. Set Mode = Transmitter. Attach to any one chart on each account that should follow. Set Mode = Receiver. Give every terminal the SAME Channel ID. That is the only thing tha

This EA has a matching indicator - PFX SLM . Same engine, same rules, same trades. Two ways to use them together: backtest the EA to find the best settings, then trade them by hand with the indicator - or let the EA loose and have it trade them for you. Either way, put the indicator on the chart and you see every decision. FREE - AND IT ALWAYS WILL BE A ton of work has gone into these tools to make them the best I can make them, and they are free. Not a trial, not a lite version - free, and i

A hard stop your discipline can't argue with. Free - no DLL, no internet, no subscription. A ton of work has gone into this to make it the best I can make it, and it is free - not a trial, not a lite version - and it always will be. I am still developing it, so expect regular updates. Spotted a bug, or want something added? Reach out in the Comments and I will get it done. PFX Equity Shield watches your whole account - every symbol, every EA, every manual trade - against the limits you set. T

Your TradingView alerts, executed in MetaTrader 5. Free - no DLL, no subscription. HOW SIGNALS REACH IT This EA does not generate signals. It takes alerts TradingView has already sent and turns them into orders. Point your TradingView alert at the PrecisionFX relay and this EA collects from it. Nothing to install beyond the EA itself, nothing to keep running on your PC, and the webhook address never changes. About five minutes to set up. If the relay is briefly unavailable your signals are not l

NOTE : The walkthrough GIFs on this page were recorded on an earlier build, so they show the old plain-text status instead of the new PFX status panel. Updated GIFs showing the new panel are on my list for the next update. Everything else works exactly as shown. STOP COPYING TRADES INTO SPREADSHEETS. FOREVER. Every serious trader knows a journal is what separates guessing from improving. And almost nobody keeps one - because typing trades into a spreadsheet after a long session is the last thin

There are plenty of updates coming, so bear with me as I continue building and refining it. I’ve got big plans for this one! Your whole trading setup on ONE screen. Every terminal. Every broker. Every prop account. Every chart. See it all, name it all, and run it all from one dashboard. Free - no DLL, no internet, no subscription. If you are like me and trade across multiple terminals, multiple brokers and prop firms, with multiple charts on every terminal - this one is for you. You know the

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PFX Trade Manager

Daniel Freeman