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WaltSoft Trade Manager MT5 DEMO

Manage Your Risk

  • Automatically Calculate the Lot Size for a given Percent Risk and place the order with Stop Loss and Take Profit with one single click of a button.
  • Drag and position your Stop Loss and Take Profit before placing the actual order.
  • Can close positions with one click of a button.
  • Can lock in profit of your trades with a Set Break Even function and/or a Trailing Stop Loss.
  • Can work with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders.
  • Works on any instrument:  Forex, Bonds, Futures, Indices, Commodities, Metals, Crypto .....
  • Also works on Renko and Range Charts.
  • Simple and straightforward, no cluttering of info.
  • ...

REMARK: this EA (partly) doesn’t work in the Strategy Tester!
But you can download this DEMO version to give it a try before purchasing.

This demo version has limitations which are:

- Works only on EURUSD
- Works only on M5 Time Frame
- Only Buys Allowed

 

Settings

  • Magic Number = “0”.  0 (zero) = automatically sets Magic Number.  -1 (minus 1) = NO Magic Number.  Or Enter a unique number (or other EA MN)
  • Order Comment = "" (blank). Enter your order comment
  • Money Management = Choose between:
    1. Risk Percent of Free Margin
    2. Risk Percent of Balance(default)
    3. Risk Percent of Equity
    4. Money
    5. Lots
  • MM Value = "2". The value for the above chosen method
    - Example: you lose 2% of your account balance when Stop Loss gets hit
  • Risk Reward = “2”. You make 2 times your risk when Take Profit is reached
  • Stop Loss (Pips) = “10”
  • Set Break Even When Pips Profit = "10". Stop Loss will be moved to break even .....
  • Break Even Plus Pips = ..... plus "1"
  • Trail When Pips Profit = “15”. If price has moved at least 15 pips in profit, it will start trailing. If you hit the button at 30 pips, it will trail 30 pips
  • Pending Order Distance (Pips) = “10”. You can drag this to re-position
  • Expiration Time Pending Orders (Minutes) = “0” (no expiration when 0)
  • ** Round Turn Commission Per Lot = look this up with your broker
  • ** Have to Convert Commission = see remark
  • Initial Kind Of Order = Market/Instant Order or Pending Stop Order or Pending Limit Order (radio buttons on panel)
  • * Lock Button Sell default = "ON"
  • * Lock Button Buy default = "ON"
  • Break Even Button Sell default = "OFF"
  • Break Even Button Buy default = "OFF"
  • Trailing Button Sell default = "OFF"
  • Trailing Button Buy default = "OFF"
  • Panel on the = Left or Right
  • Panel Color Scheme = Brown, Silver, Green, Blue or Gold Color Scheme
  • Font Size = “10”. Scales the whole panel up or down
  • Panel Distance from Left (Pixels) = “5”
  • Panel Distance from Top (Pixels) = “25”
  • Adjust Panel Width (Pixels) = “0”
  • Adjust Panel Height (Pixels) = “0”
  • Show Panel Part Trade (Top) = "YES"
  • Show Panel Part Close (Middle) = "YES"
  • Show Panel Part Close All (Bottom) = "YES"
  • Confirm Close All = "YES". Pop-up window asking to confirm
  • Play Sound Orders = "YES". Play a sound when an position is opened
  • Show Info Margin Required = "NO"

 

* Buttons Lock ON (OFF)

When ON and you click Set Sell (or Set Buy) then the Stop Loss and Take Profit targets move up and down together with price.
When Lock is OFF, the SL and TP stay put while current price moves.

**  Remark on Commission:

Some brokers have a fixed commission in the account currency.

Some brokers have a commission that has to be converted to account currency and also depends on the traded pair.

When you are not sure what to enter in "Round Turn Commission Per Lot" and whether to set "Have to Convert Commission" to YES or NO:
Set "Money Management" to "Lots" and enter 0.01 or 0.1 or 1 lot.
Do a few trades on different pairs and see what the commission is.

Enter the commission (for 1 lot) on that trade in "Round Turn Commission Per Lot". (if 0.01 lot traded --> multiply by 100; if 0.1 lot traded --> multiply by 10)
If the commission is the same for different pairs, then set "Have to Convert Commission" to "NO" otherwise set it to "YES".


Warning

Some brokers provide wrong data on tick value for (especially) CFDs, meaning that your Lot Size will not be correct!
So before live trading please always first check that instrument by making a trade on a DEMO account.
We take no responsibility for any losses you may incur by using this software!


Info

The Magic Number is a unique number, or identifier, assigned to all open trades of an EA so that it “knows” which trades belong to itself and so can track and manage them.


Enjoy!

Walter

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Cluster analysis of volumes is now available in MetaTrader 5! The YuСlusters   is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price. There are 7 criteria of cluster generation: Time interval, the criterion is set in seconds. Price range, the criterion is set in poi
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Auto Format
Gennadiy Stanilevych
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5. It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes th
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Trailing Stop Universal MT5
Oleg Remizov
Trailing Stop Universal MT5 is a professional trader's tool that provides protection of floating profit on open trades. The utility offers a breakeven function and 13 trailing methods. Indicator methods: Alligator; Average True Range; Bollinger Bands; Envelopes; Fractals; Ichimoku; Moving Average; Parabolic SAR; Zig Zag. Indicator-free methods: Bar Price; Deposit Currency; Fixed Distance; Price Channel. Versions for MT4 and MT5: Full MT4: https://www.mql5.com/ru/market/product/20705 Demo MT4:
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Virtual Grid MT5
Vladimir Gribachev
Utility for semi-automated trading. It uses invisible for broker dynamic setting levels for stop orders, stop loss, take profit and trailing stop. Suitable for working with any brokers, including American brokers with the requirement of FIFO. MT4 version of the adviser  link 💼 Telegram chat for questions and discussion: https://t.me/forex4up_chat Transactions can be opened using buttons or lines. In order for the adviser to open a position along the line: draw a line on the chart and rename it.
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Permanent Cross Hairs
Simon Gniadkowski
Have you ever wished the CrossHairs would stay on screen when you have finished measuring something? Have you ever wanted to grab a screenshot with the CrossHairs in place? Have you ever wanted to have the CrossHairs in a different color? Have you ever wished the CrossHairs would "snap" to the highs and lows of the bars? Now you can do all this with Permanent CrossHairs. The Demo version of Permanent Cross Hairs does not work in the Strategy Tester as the Strategy Tester does not support Button
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Magnifier
Serhii Shevchuk
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
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Trendline EA MT5
Carlos Oliveira
The FXTT Trendline EA for MT5 is a robot that helps you trade using the trendlines drawn on your chart. It basically allows you to set pending orders using trend lines . Something that Metatrader does not allow you to do by default. Easy to set up Choose default Lot size , Stop Loss and Take Profit Allows action on Touch, Pullback, Breakout or False Breakout of trendline The usage and configuration of the Expert Advisor is as follows: Load the EA Draw your trendlines on the chart Add Buy or Sell
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MT5 Renko Chart
Thiago Duarte
Are you addicted to the Renko chart? Yeah, me too! So I decided to develop this chart for the MT5, and here it is! This EA generates perfect Renko chart, however, unlike MT4, you can not operate through it. All indicators work perfectly. Settings: Enable renko - enable the renko chart. This function exists to pass the bureaucratic test here of MQL5. Type - renko in pips, ticks, points or R type. Size - blocks size. Show wicks - show or hide the wicks. Brick open time - hide the gap. Asymmetri
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Profit or Loss Pad
Vladislav Andruschenko
Closing positions in MetaTrader 5 upon reaching the total profit/loss with the profit trailing function.   CloseIfProfitorLoss with Trailing You can enable the  Virtual stops (Separate Order) , calculating and closing for  BUY and SELL positions separately (Separate BUY SELL) , closing and calculating  all symbols or the current symbol only (All Symbols) , enable trailing for profit ( Trailing  Profit) Positions are closed based on a value  in deposit currency, points, % and drawdown . The appli
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Forex Trade Manager MT5
InvestSoft
Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market.  EA Forex Trade Mana
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VR Alert MT5
Vladimir Pastushak
VR Alert warns the trader that the price or other indicator has reached the level set by the trader. You need to get a notification that the price has reached the level you set or that some indicator has reached the level you set? Now it is possible. The VR Alert indicator can monitor not only the current price of a financial instrument but also any other indicators installed on the chart together with VR Alert. The VR Alert indicator will notify you in any of four ways: via an Alert in the term
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SMART Advisor
Petros Shatakhtsyan
This is an adviser for manual trading. Designed for both beginners and professionals. Advisor shows the entry and exit points. Indicates where to open an order, when to increase the lot, and when to close. This is an excellent tool for implementing such trading strategies as Scalping, Grid, Trend Trading, Martingale, Trading with levels, etc. The program uses indicators of its own design: - Current trend indicator - Indicator for determining support / resistance levels - Indicator for determinin
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Version 6.2 2020.05.10
- Added Info: Margin Required
Version 6.1 2020.04.18
- Info labels on Target lines (SL, TP and Price of pendings) change color to Gray when Lot Size becomes below minimum when dragging targets.
- Added Gold Color Scheme. Tip: Nice when you use it to trade gold.
Version 6.0 2020.04.08
- Added Alert if entered Lot Size is smaller than min. LS or bigger than max. LS. (only when "Money Management" is set to Lots)
- Small Bug-fix: issue was that info label (on target lines) was displayed in some occasions when it wasn't supposed to.
Version 5.9 2020.04.06
- Spread now also visible when top part of panel is closed
- Trade lines: when present, info already visible (before was only when lines were clicked and/or dragged)
- Trade lines info:
- text now in a box for better visibility
- info still visible when line is past the top or bottom of chart
- Added some Color Schemes
Version 5.8 2020.03.24
- Changed Text Color Profit/Loss for Light Panel Color Scheme for better visibility. (OrangeRed to Red and Lime to Green)
- Size of Check Boxes at "Account Close All" Button now scales together with "Font Size" setting
Version 5.7 2020.03.21
- added input: Panel at the left or at the right
- added input: Panel Color Scheme, Dark or Light
- solved issue: Panel not showing when EURUSD has a prefix or suffix
Version 5.6 2020.03.19
- solved issue: panel not created when loaded from a saved template
- solved issue: spread info not in right position when operating system text scaling applied
- bug fix: Total Risk Long/Short text not moving when moving the panel with top parts closed
Version 5.5 2020.03.16
- Added spread and average spread info
- Added amount of money to SL and TP target lines
- Realtime update on pre-trade info while dragging SL and TP target lines
- Some small enhancements
Version 5.4 2020.03.13
- Added panel to be able to change Break Even and Trailing settings on the fly
- "Account Close All" Button: added option (checkboxes) to close winnig and/or losing trades
- Some lay-out changes
Version 5.3 2020.03.11
1. when trades with no magic number, and initially without Stop Loss:
- fixed Set Break Even and Trailing
- warning on Total Risk Long/Short

2. Disabled button Account Close All when no trades
Version 5.2 2020.03.03
- Added possibility to have no Magic Number (set to -1) to be able to manage trades which were done manually.
Version 5.1 2020.02.03
- Added option to let the Trade Manager automatically set the Magic Number.
- Commission and Swap included in the Set Break Even and Trailing Stop Loss for more accuracy.
- Changed some default settings.
Version 5.0 2019.10.27
- Added Set Break Even function.
- Moved Trail button to second panel part.
- Keep button states when hiding/showing panel parts.
- Trail button does no longer have to be visible for the function to work. (Same for Break Even button)
- Bug fix on Commission.
- Solved issue not all positions closed with Close All button.
Version 4.7 2019.05.29
- Added panel part with account overview and "Account Close All" Button.
- Added settings to initially show or hide panel parts.
Version 4.6 2019.05.20
Solved jumping panel position issue when hiding or showing panel parts on operating systems with scaled up font size.
Version 4.5 2019.05.20
Corrected same issue as in v4.4 for trailing
Version 4.4 2019.05.20
Corrected code for some brokers with instruments which have a bigger Tick Size than Point Value.
Example: USA500 has a Point Value of 0.01 (2 digits) but the Tick Size is 0.25
Version 4.3 2019.05.17
- Added: Move Panel with mouse feature and Hide or Show parts of Panel feature.
- Automatically put Chart on background so that Panel is on top.
Version 4.2 2019.04.08
Renamed some settings
Version 4.1 2019.01.30
- Added setting "Have to Convert Commission"
Version 4.0 2019.01.29
- Optimized some code
Version 3.9 2019.01.18
- Added option "Money" to Money Management
So now the options are:
- Risk Percent of Free Margin
- Risk Percent of Balance
- Risk Percent of Equity
- Money
- Lots

- Added setting "Initial Kind Of Order" (radio buttons)
Options: "Market/Instant", "Pending Stop Order" or "Pending Limit Order"
Version 3.8 2019.01.15
As requested, added settings for default state of following buttons:
- Lock Button Sell default
- Lock Button Buy default
- Trailing Button Sell default
- Trailing Button Buy default
Version 3.7 2019.01.14
Bugfix for Accounts with Commission
Version 3.6 2019.01.10
added support for 4k monitors
Version 3.5 2018.11.20
- Bug fix
Version 3.4 2018.11.19
- Optimized some code
- Improved Trailing Stops
Version 3.3 2018.09.20
Some small Bug Fixes
Version 3.2 2018.09.11
• Replaced input "Percent Risk" by "Money Management" and "MM Value"
So now you can choose between:
1. Risk Percent of Free Margin
2. Risk Percent of Balance (default)
3. Risk Percent of Equity
4. Lots
• Added "Total Risk Long" and "Total Risk Short" Info
They are the percentage of the entire account!
• When the calculated (or chosen) Lot size is too big to open a trade and you hit the Buy or Sell button, there will a pop-up
window which asks you if you want the Manager to try and adjust the Lot Size to Maximum possible Lot Size and then open
the trade.
If you choose NO, the trade is canceled.
• Several aesthetic improvements