ATC Position Tool and Trade Manager MT4
- Utilities
- Version: 1.30
- Activations: 10
ATC Position Tool and Trade Manager MT4 brings a drag-and-drop position tool to MetaTrader 4 and connects it to real order execution. Draw the trade on the chart, drag the entry, stop loss and take-profit levels to where you want them, and the lot size is calculated from your risk. After the order is placed, the same box stays on the chart, so you manage the trade where you planned it.
Planning a trade:
Click New Long or New Short and place the entry on the chart. Risk, reward and the R:R ratio update as you drag the lines. Up to 10 take-profit levels can be added, and the position is split across them. The lot size is based on a percentage of your balance or on a fixed lot. The trade can be sent as a market order or as a pending order, and the correct limit or stop type is chosen from where the entry sits. You can also save it as a plan and execute it later with one click. Stop loss and take-profit levels are checked against the broker's rules before anything is sent.
Managing trades:
Drag the stop loss or take profit of a live trade to modify the order. Each trade also has a menu for breakeven, partial close, editing SL/TP, closing one leg or closing the whole group. The Trade tab lists pending, active and closed trades with the same actions, split into pages. The panel shows the remaining candle time, your total carried risk and the potential profit of open trades. An optional exposure limit blocks new trades once your total risk reaches the value you set.
Main features:
Position tool with up to 10 take-profit levels and risk-based lot sizing
Market orders, pending orders and saved plans
Breakeven, partial close, SL/TP editing, single-leg and group close
Option to lock the SL or TP distance while moving the entry
Optional lot size and expected profit shown for each take-profit level
Trade journal saved as a CSV file with entry, SL, TP, lots, times, commission, swap, net profit and close reason
Trades, plans and chart boxes restored after a restart, timeframe change or symbol change
Trades closed while the EA was off are read from the account history and added to the journal
Light, dark and custom themes, adjustable panel width and font size, and saved setting presets
Inputs:
Magic number, default risk percent, default lot size, maximum take-profit levels and risk exposure limit
Position tool options: SL/TP lock, TP details, drag sensitivity and confirmation prompts
Colours for the position tool and the panel
Panel position, width and layout
Data folder name
Works with any symbol, timeframe and broker. A hedging account is required for multiple take-profit levels, because each level is opened as its own position. The EA manages only trades placed through the tool and never opens a trade on its own.
