Top Trade Manager
- Utilities
-
Zhilwan Hussein
I’m a freelance MQL developer with 8+ years of experience and a Bachelor’s Degree in Programming,
I create high-quality Expert Advisors (EAs), Indicators, Utilities, and Scripts for both MetaTrader 4 and MetaTrader 5 platforms. - Version: 1.57
- Activations: 5
Top Trade Manager for MT5 - Trade Panel, Position Size Calculator and Risk Manager
Top Trade Manager is a complete trade manager for MetaTrader 5: a trade panel, position size calculator and risk manager in one. Drag your entry, stop loss and take profit on the chart and the lot size, risk and reward are calculated instantly. Then manage the trade with partial close, break even, trailing stop and hidden stop loss and take profit, follow the economic news calendar, and mark up your chart with built-in drawing tools.
It is a manual trading utility: it never opens a trade by itself. You decide every trade, and Top Trade Manager does the calculations and the management for you.
Key Features
- Visual trade planning: drag entry, stop loss and take profit on the chart.
- Lot size calculator by risk percent of balance or equity, or by fixed cash amount.
- Market and pending orders with one click.
- Up to 9 partial take profits and 9 partial stop losses per trade.
- Break even, 6 trailing stop methods and a candle-close stop loss.
- Virtual (hidden) stop loss and take profit.
- Forex news filter based on the ForexFactory economic calendar, with alerts and closing before news.
- Advanced chart drawing tools with price alerts, undo and redo.
- Dark and light themes, on-chart notifications and push notifications.
Visual Trade Planning on the Chart
Plan every trade visually instead of typing numbers.
- Drag the entry, take profit and stop loss zones directly on the chart.
- Risk, reward, risk-reward ratio and lot size update live while you move them.
- R:R lock keeps your chosen TP:R and SL:R ratio as you drag.
- Set take profit and stop loss by price or in pips.
- Pin a level so it stays in place while you move the others.
- Place or cancel the planned order straight from the zone.
Position Size Calculator and Risk Management
Risk the same amount on every trade, whatever the stop loss distance.
- Risk a percentage of account balance or equity, or a fixed cash amount.
- The lot size is rounded to your broker's lot step and capped by free margin, with a clear warning when it is reduced.
One-Click Trading: Market and Pending Orders
- Buy and Sell market orders, plus Buy and Sell pending orders: limit or stop is chosen automatically from where you place the entry.
- Custom order comment and magic number.
- Close all trades or delete all pending orders with one click.
Manage Open Trades on the Chart
- Every open trade and pending order gets its own badge on the chart showing its profit or loss.
- From the badge: close the trade, close 50%, delete a pending order or modify its levels.
- Drag the stop loss and take profit of an open trade on the chart to modify them.
- Select any order in the Manage tab to edit its partial close plan, save it, reset it or close the order.
Partial Close, Break Even and Trailing Stop
Lock in profit and cut risk automatically while the trade runs.
- Up to 9 partial take profits and 9 partial stop losses per trade, each closing part of the position, adjustable on the chart.
- Break even with an offset in pips.
- Trailing stop by fixed pips, moving average, ATR, previous candle high/low, fractals or Parabolic SAR.
- Trailing start, step and "start after X pips" settings, with a timeframe and full indicator settings for each method (MA period, shift, method and price; ATR period and coefficient; SAR step and maximum).
Hidden Stop Loss and Take Profit (Virtual TP/SL)
- Virtual TP/SL keeps your stop loss and take profit hidden from the broker; the EA closes the trade when a level is reached.
- Candle-close stop loss: the trade closes only when a candle of your chosen timeframe closes beyond the stop, so wicks and spikes do not stop you out.
Forex News Filter Based on the ForexFactory Calendar
The news data comes from the ForexFactory economic calendar, the calendar most forex traders already follow. See every important release on your chart and protect your trades before high-impact news.
- ForexFactory calendar for this month and next month, with forecast, previous and actual values.
- Filter news by currency (USD, EUR, GBP, JPY, AUD, CAD or all) and by impact (high, medium, low), using ForexFactory's own impact levels.
- News list with a countdown to each release.
- High-impact news shown as markers on the chart; click a marker for its details in local and broker time. The markers can be switched off.
- News alert 30 minutes before a release, on the chart, with sound and optional push notification.
- Close trades and delete pending orders a set number of minutes before news, for all symbols or the current symbol only.
- Actual values of high-impact news are updated right after ForexFactory publishes them.
Advanced Chart Drawing Tools
Analyse the chart without leaving the trade manager.
- Drawing toolbar with lines, shapes, annotations and brushes: trend line, ray, extended line, horizontal line and ray, vertical line, cross line, arrow, rectangle, ellipse, triangle, polyline, path, brush and text.
- Favourite tools pinned to the toolbar for one-click access.
- Each drawing has its own toolbar: templates, line, fill and text colour, thickness, line style, settings, price alert, lock, pin to screen and delete.
- Settings window with Style, Text, Coordinates and Visibility tabs; extend lines left or right; text on lines and shapes.
- Clone, bring to front and send to back.
- Price alerts on trend lines, horizontal and vertical lines and rectangles.
- Undo and redo (Ctrl+Z and Ctrl+Shift+Z).
- Hide all drawings, lock all objects, clear all, and show or hide trade levels.
- Drawings are saved per chart; templates and favourites are shared by all charts.
- Candle countdown timer showing the time left until the current candle closes.
Alerts, Notifications and Themes
- On-chart notifications and message cards, each with its own sound.
- Optional push notifications to your phone.
- Dark and light themes.
- The panel can be moved and folded, and all its settings are saved per chart.
Who It Is For
Manual traders, scalpers, day traders and swing traders who want fast, precise order entry and disciplined risk management on forex, gold, indices, crypto, or any other symbol their broker offers.
Frequently Asked Questions
Does Top Trade Manager open trades automatically?
No. It is a manual trade manager. You choose every trade; it calculates the lot size and manages the trade after entry.
Can I hide my stop loss and take profit from the broker?
Yes. With Virtual TP/SL on, the levels stay on your chart only, and the EA closes the trade when they are reached. The terminal must keep running with the EA on the chart; use a VPS for round-the-clock management.
Where does the news data come from?
From the ForexFactory economic calendar. The EA loads this month and next month, shows the releases on the chart and in the News tab, alerts you before them, and can close trades before high-impact news. In the terminal, the News tab shows the steps.
Is there a MetaTrader 4 version?
Yes, Top Trade Manager is also available for MetaTrader 4, MT4 Version.
