Trade Manager Pro Orders and Positions Management
- Utilities
- Version: 1.0
- Activations: 5
Place Pending Orders. Manage Positions. Protect Your Trades.
Trade Manager Pro is an Expert Advisor designed to simplify pending order placement and position management directly from your MetaTrader 5 chart.
Featuring practical chart controls and configurable trading parameters, it allows you to place Buy and Sell pending orders based on a selected reference candle, automatically manage open positions, and efficiently organize multiple trades.
MAIN FEATURES
1. Pending Order Placement
Place Buy and Sell pending orders with a single click.
The EA calculates entry levels using the High and Low of a selected reference candle, according to your configured timeframe and entry distance.
Depending on the current market price, it automatically selects the appropriate order type:
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Buy Stop or Buy Limit.
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Sell Stop or Sell Limit.
Stop Loss and Take Profit levels are calculated automatically based on your configuration.
Pending orders are set to expire after 24 hours.
2. Automatic Position Management
The EA monitors positions opened on the current chart symbol using its own Magic Number.
When the configured profit target is reached, the EA can:
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Move the Stop Loss to a protective level near the opening price.
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Optionally close 50% of the position volume.
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Remove the remaining pending orders associated with the EA.
Partial position closing can be enabled or disabled according to your preference.
3. Configurable Trailing Stop
The optional Trailing Stop feature allows the Stop Loss to follow market price movements after a predefined profit threshold has been reached.
You can configure:
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Trailing Stop activation distance.
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Trailing Stop following distance.
This feature can be enabled or disabled at any time through the EA settings.
4. Keep the Best Positions – Smart Position Selection
One of the EA's distinctive features is the ability to manage multiple open positions with a single click.
When the blue chart button is activated, the EA:
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Identifies all open positions for the current symbol.
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Ranks them from highest to lowest based on combined profit and swap.
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Keeps the configured number of top-ranked positions.
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Closes all remaining positions.
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Applies a protective Stop Loss to the retained positions, above or below their opening price according to the trade direction.
Important: This feature considers all open positions on the current symbol, including manually opened trades and positions opened by other Expert Advisors. Positions are selected according to their ranking, not according to whether they have positive profit.
5. Convenient On-Chart Controls
The EA provides three buttons directly on your MetaTrader 5 chart:
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Green – Place Pending Orders: Creates the Buy and Sell pending orders.
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Red – Delete Pending Orders: Removes pending orders belonging to this EA on the current symbol.
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Blue – Keep Best Positions: Retains the highest-ranked positions and closes the remaining ones.
CONFIGURABLE PARAMETERS
Customize the EA according to your trading preferences:
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Trading start and end times.
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Analysis timeframe.
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Reference candle selection.
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Trading volume.
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Entry distance.
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Stop Loss distance.
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Profit ratio for position management.
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Take Profit ratio.
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Optional partial position closing.
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Optional Trailing Stop.
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Number of positions to retain.
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Protective Stop Loss distance for retained positions.
IMPORTANT INFORMATION
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Automatic position management applies to positions on the current chart symbol with the EA's configured Magic Number.
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The blue Keep Best Positions button is an exception: it operates on all open positions for the current symbol, regardless of Magic Number.
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The configured trading hours control the EA's automatic position management.
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The EA does not guarantee profits or eliminate trading risks.
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Trading results depend on market conditions, broker execution, spreads, slippage and user configuration.
TAKE CONTROL OF YOUR TRADING OPERATIONS
Trade Manager Pro combines pending order placement, automatic position management and a practical position-ranking tool in one convenient Expert Advisor.
Simple controls. Flexible management. More control over your trades.
