Trading Manager Mql4
- Utilities
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Eduardo Cumplido
I am a chemical engineer and EFA-certified financial advisor, with experience in portfolio management, financial markets and MQL programming since 2010. Over the years, I have combined software development, quantitative analysis and strategy evaluation to turn real trading needs into practical - Version: 2.6
- Updated: 14 October 2026
- Activations: 5
Trading Manager — your panel to execute and manage your trades with your risk in view
Trading Manager is a manual trading assistant that brings the whole process together in one panel on the chart. You choose the direction and the risk, place the stop loss and take profit, and the panel calculates the lot and shows you the loss at the stop and the profit at the target before the order is sent. Then you manage one or several positions from the same table. You decide when and in which direction to trade: it does not generate signals or predict the market.
What you get
- Lot size from your risk. Set the risk as a % of balance, a % of equity, a money amount or fixed lots. The lot is calculated from the distance to the stop loss and the symbol data provided by your broker, and adjusted to the minimum lot and lot step. If it falls below the minimum, you choose between blocking the order or using the minimum and seeing the resulting risk.
- The risk, before you send. Loss at the stop loss and profit at the take profit, in money and %, reward-to-risk ratio, margin and spread, with a warning when the spread is high compared with the stop. A final check runs just before sending: if the risk has risen by more than 10 % or the lot has increased, the order is not sent.
- Planning on the chart. Entry, stop loss and take profit lines you drag with the mouse, with labels and risk and reward zones. Stop loss and take profit are set by distance, by price or, for the take profit, by a reward-to-risk ratio.
- Market and pending orders. Buy and sell at market; Buy/Sell Limit and Buy/Sell Stop, plus Buy/Sell Stop Limit on MetaTrader 5, with the same lot and risk calculation. Auto mode picks Limit or Stop from where you place the entry. Pending orders can be modified, cancelled or all deleted with double confirmation.
- All your positions in one table. Positions of any symbol with result, stop loss, take profit, status and current risk. On the positions you select: set stop loss or take profit, break even, trailing, place a stop loss within a risk budget (Protect), close, close 25, 50 or 75 % or the percentage you choose, and Reverse (closes, waits until the close is confirmed and opens the opposite trade with the same distances).
- Group closes and emergency close (PANIC). Close by symbol, buys, sells, winners, losers or all. The emergency close closes the positions and pending orders in scope, with double confirmation. Multiple actions are sent one at a time and every result is checked.
- Automatic break even and trailing, optional and off by default. By pips or by multiples of the initial risk, with offset, start and step. They only act on trades opened by Trading Manager and only move the stop loss closer, never further away.
- Management scope. Trading Manager does not add automatic stop losses or protect positions opened before it was loaded, and it never places, moves or removes on its own the stop loss of a trade it did not open (manual or from another Expert Advisor). The scope decides which positions the group closes, the emergency close and the account limits may close: only its own, manual plus its own, those of the symbols on your charts, or the whole account.
- Risk across the account. Open risk of positions and pending orders; positions without a stop loss are shown as exposure without a limit, never as zero risk. Today's result excluding deposits and withdrawals, and open volume.
- Daily limits, optional and off by default. Maximum daily loss and daily target, in money or %, with blocking of new orders, closing, or both; maximum total risk, number of positions, pending orders and volume; warning at 80 % of the daily loss. They only work with Trading Manager on the chart and the terminal connected, and they do not guarantee a maximum loss: the price can jump beyond the limit.
- Confirmations and sending checks. One-click mode is off by default and every order shows a detailed confirmation. Close all, the emergency close and deleting all pending orders ask for double confirmation, and there is double-click protection. While the result of a previous order has not been checked, no new order is sent. The panel does not block an order because it assumes the market is closed: that decision belongs to the broker.
- Interface. In English, Spanish, Italian and French; dark or light theme; size from 80 to 150 %; movable and minimisable panel; pop-up help on the controls. Everything is set in the panel and saved automatically, per account and server. On several charts, one acts as the main chart and the others as views.
How to use it
- Drag Trading Manager onto a chart and enable algorithmic trading (Algo Trading in MetaTrader 5, AutoTrading in MetaTrader 4). There are no input parameters: everything is set in the panel.
- In SETTINGS > TRADING choose the management scope, the default risk mode and the magic number. One-click mode is off by default.
- In TRADE choose the symbol, direction and risk. Place the stop loss and take profit with the fields or by dragging the lines, and check the preview. Press BUY or SELL and confirm.
- For pending orders, use PENDING: order type (or Auto), entry price, stop loss and take profit, then PLACE.
- Manage your positions in MANAGE and check your exposure and today's result in RISK.
- Optional: enable automatic break even and trailing in SETTINGS > MANAGEMENT, and the daily limits in SETTINGS > ACCOUNT.
Demo in the Strategy Tester: run it in visual mode to see the full panel with the test symbol. In MetaTrader 4 the tester is view-only, because MT4 does not send clicks to programs in the tester.
Important: Trading Manager is a manual execution and trade management tool. It does not provide trading signals or investment advice and does not predict the market; trading decisions and their execution are the user's responsibility. The lot calculation uses the symbol data provided by your broker: please check it. The risk shown is the loss up to the stop loss; spread, slippage or price gaps can make the actual loss larger. Automations and daily limits only work with Trading Manager on the chart, the terminal connected and algorithmic trading enabled. Leveraged products carry a high risk of losing money. Trading involves risk.

