Multitool trade manager

You can try this EA in the strategy tester,
or you can try this demo version: 
https://www.mql5.com/en/market/product/46367

Trade Manager

This assistant automates various aspects of order handling in MT4. The assistant allows you to plan a trading strategy defining Entry Levels, Stop Loss, Take Profit, execution of orders on one level, partial closes, Break Even, etc.

Basic characteristics

Trades calculation

3 basic lines are drawn that define the entry level, SL and TP. You can move this lines or modify the values directly in the wizard panel, either by placing the desired level or placing the distance in pips to the entry level. To deactivate the TP, you can put a value of zero (0).

The assistant calculates the amount of risk according to the configuration, and determines the volume (lots) required, taking into account the commission of the broker.

The type of order (Sell / Buy, Limit / Stop) is determined automatically according to the position of the lines.

You can indicate that the order will be At Market by activating the “Market” option.

Pressing the execute button introduces the order.

Configuration “Manager”

In the configuration, in the "Manager" section you can specify:

  • Risk %: Indicates the percentage of the balance to risk.
  • Manual risk amount: Here you can place a fixed amount to risk, to be used instead of Risk %.
  • Manual Lot: If you do not want the wizard to calculate the volume, it can be indicated directly in this parameter. When calculating a new order the assistant will show the amount that would be risking according to the distance of the SL.
  • Commission per lot.: Here you can specify the commission charged by the broker for each lot.

Partial Closes

The wizard includes a section to perform partial closes of active orders.

The assistant performs partial closes when an order exceeds each cycle, and can even move the SL to BE.

For example, if size of the cycles are 10 pips, the first partial closure would be taken upon reaching the first 10 pips of gain, then upon reaching 20 pips the next partial closure would be made.

In the "Partial close" section of the configuration you can specify the size and quantity of the cycles, and the level at which the SL would move to BE.

If you want to disabled this option, just put a zero (0) in the parameter “Partial

Another configurations “Preferences”

  • Id for preferences: If you want to use the wizard in two graphics of the same pair or symbol, you must place a different preference ID in each one to differentiate them and avoid the wizard having conflicts.
  • Mode: The assistant includes an advanced mode with additional functions, they will be explained below.

Advanced Mode

In advanced mode we have additional options in the assistant panel, like:

  • Execute limit/stop orders at price
  • Cancel execution of limit/stop order

Trade modification (Trade Mdf)

In this tab you can modify an open orders.

Close at line

This option places one line on the graph that can be moved, and when reached executes a partial or total close of the order.


* Don't forget to enable the option "Allow automated trading" in Options of MT4 before adding the assistant.

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This Demo Version will only work with CHFJPY For the full version : For English go here:   https://www.mql5.com/en/market/product/41117 For Spanish go here: https://www.mql5.com/en/market/product/41141 This EA does partial close to your positions every certain pips, and can move your Stop Loss to Break Even (Open Proce + 1 pip) when one of the partial close is made. The EA handles all trades of the chart symbol. It can be used with any pair or instrument on MT4. This EA will remember the sta
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This EA can not be used with the strategy tester. To test it you can try this demo version:  https://www.mql5.com/en/market/product/41143 This EA does partial close to your positions every certain pips, and can move your Stop Loss to Break Even (Open Proce + 1 pip) when one of the partial close is made. The EA handles all trades of the chart symbol. It can be used with any pair or instrument on MT4. This EA will remember the state of the trades if MT4 is closed. Inputs Step pips  :  Indicates
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Richard Reyes
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Este EA no puede ser probado en el probador de estratégias.  Para probarlo descargue esta versión Demo: https://www.mql5.com/en/market/product/41143 EA para realizar cierres parciales El EA realiza el cierre parcial de sus órdenes cada cierta cantidad de Pips, e incluso puede mover el Stop Loss a Break Even (Open Price + 1pip) cuando se realiza uno de los cierres parciales. El EA se activa en un Chart y maneja todos los trades del símbolo del chart. Se puede utilizar con cualquier Par o instru
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JohnSamonte
29
JohnSamonte 2021.12.29 12:14 
 

I've purchased this EA and I'm on the newest version 2.12 but the panel won't open for these FX pairs on a live account: EURNZD EURSGD GBPNZD GBPSGD Can you implement a fix for these 4 as your EA works for all the other pairs except for these ones.

Richard Reyes
907
Reply from developer Richard Reyes 2021.12.29 20:12
Could You contact me by telegram using @pachorr ?
Mohamed Sahifa
540
Mohamed Sahifa 2021.08.03 13:43 
 

User didn't leave any comment to the rating

Richard Reyes
907
Reply from developer Richard Reyes 2021.08.28 19:48
I uploaded a new version 2.12, with virtual take profits and the possibility to set the comment and magic number for the trades.I had to increase the price because mql5 changed the minimum price.
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