ClearSpec Trade Manager MT5

Manages your open trades for you: automatic SL/TP, break-even, trailing stop by points or ATR, and partial closes at R levels. It works with manual trades and trades from other EAs, and shows its status in an on-chart panel.

ClearSpec Trade Manager is a utility. It does not look for entries and does not open trades on a live chart. You open trades the way you normally do, by hand, from your phone, or with another EA, and the manager handles the exits by the rules you set.

What it does

  • Automatic SL / TP. If a position has no stop-loss or take-profit, it gets one at your distance in points.
  • Break-even. Once the trade reaches the profit you set (in points), the stop moves to the entry price, plus a few points locked in if you want.
  • Trailing stop. Fixed distance in points, or ATR × multiplier on any timeframe, with a start level and a minimum step so the broker isn't flooded with changes.
  • Partial closes at R levels. R is the trade's first stop distance. For example, close 50% at 1R and another 25% at 2R. Volumes are rounded to the broker's lot step, and at least the minimum lot stays open.
  • Filters. Chart symbol only or all symbols; all positions, manual only, or one magic number.
  • Panel. Account type, the active rules, every managed position with its stop, P/L and partials done, and the last action taken.

Built for real broker conditions

  • Respects the stops level and freeze level and never sends a change that would be rejected or that changes nothing.
  • Never moves a stop backwards.
  • Works on hedging and netting accounts, and on Forex, metals, indices and crypto CFDs (tick-size aware).
  • Keeps the R value and partial-close progress if the terminal restarts.
  • No DLLs, no web requests, no hidden settings.

Strategy Tester

Utilities can't be clicked in the tester, so when the input "Tester demo trades" is on (the default), the manager opens small sample trades in the Strategy Tester only, so you can watch the SL/TP, break-even, trailing and partial logic work in visual mode. This never happens on a live or demo chart.

Quick start

  1. Attach it to any chart and turn on Algo Trading.
  2. Set your distances in points. On 5-digit Forex, 10 points = 1 pip.
  3. Open trades as usual. The panel shows each one the manager is handling.

Notes

  • This is a trade-management tool. It does not predict the market and gives no guarantee of profit. Stops can slip on gaps and news.
  • Keep the terminal running (a VPS is recommended) so the rules are applied.
  • Try every setting on a demo account first.

Questions or a custom version: send a private message to the seller on MQL5.

More from author
ClearSpec Trade Manager MT4
Anthony Mamah
Utilities
Short description Manages your open trades: automatic SL/TP, break-even, trailing stop (points or ATR) and partial closes at R multiples. Works with manual trades and other EAs' trades, with an on-chart panel for one-click Buy/Sell, Close All, Close Profit/Loss and Break-even. Full description ClearSpec Trade Manager is a utility for MetaTrader 4. It does not look for entries and does not open trades by itself on a live chart. You open trades your usual way (by hand, from the phone app, or with
ClearSpec Risk Calculator MT4
Anthony Mamah
Indicators
Short description Set your risk as % of balance, % of equity or a fixed amount, drag the Stop Loss / Take Profit lines (or type the SL in points), and read the correct lot size for the symbol, the money at risk, the reward, R:R and the margin needed. Calculator only: it never places orders. Full description Sizing every trade by hand is slow and easy to get wrong, especially on gold, indices and JPY pairs where a point is worth different amounts. ClearSpec Risk & Lot Size Calculator does the mat
ClearSpec Equity Guard MT4
Anthony Mamah
Utilities
Short description Account protection for prop-firm style and personal rules: daily loss limit, maximum drawdown (static or trailing), optional daily profit lock, trading-hours window and Friday close. When a limit is hit it closes all trades, deletes pending orders and keeps the account flat until the block ends. Full description ClearSpec Equity Guard watches equity on every tick and enforces the limits you set, even when you are away from the screen. Rules Daily loss limit in % or money. Day b
ClearSpec Risk Lot Calculator MT5
Anthony Mamah
Utilities
Short description Type in your risk (% or money) and your stop-loss (points, or drag a line), and the panel shows the right lot size for the symbol, the real money at risk, the margin needed and the SL/TP prices. One-click BUY/SELL places the order with that SL and TP. Full description Sizing every trade by hand is slow and easy to get wrong, especially on gold, indices and JPY pairs where a point is worth different amounts. ClearSpec Risk & Lot Size Calculator does the maths for the symbol you'
ClearSpec Daily Loss Guard MT5
Anthony Mamah
Utilities
Short description Account guard for prop-firm and personal rules: daily loss limit, maximum drawdown, max trades per day and a trading-hours window. When a rule is hit it closes positions, deletes pending orders and keeps new trades closed until the block ends. It shows the live stats in a panel. Full description Most blown challenges come from one bad day, not from the strategy. ClearSpec Daily Loss Guard watches the account on every tick and enforces the limits you set, even when you're not at
Filter:
No reviews
Reply to review