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Trade Manager Interface MT5

FREE

Published: 19 November 2023

Current version: 2.1

Trade Manager Interface MT5

Name: Trade Manager Interface MT5
Rating: 4.6666665 (6 reviews)
Author: Peter Mueller

4.67

Utilities
Peter Mueller
Version: 2.1
Updated: 23 March 2024

How does it work?

Simply fill out the Start Price, TP (Take Profit), SL (Stop Loss), and Volume parameters, and click on the "Open Trade" button to immediately place the order/trade. The "Long" button allows you to select whether you want to Buy (Long) or Sell (Short) the current security. If the start price parameter is higher than the current Ask price and you are in a long position, the order will be placed as a buy stop. If it is below the current Ask price, the order will be a buy limit order for a long position, and vice versa for a short position. The Magic Number parameter allows you to set a unique identifier for the order, which can be useful for distinguishing orders placed by different EAs (not necessary).

The "Display Lines" button shows the current start price, stop loss, and take profit levels on the chart. The displayed box provides the take profit and stop loss levels in points and percentages, and these levels can be adjusted by dragging them on the chart. This feature makes it easy to make trades based on support and resistance levels. The values displayed on the panel are always the "real" values when entering a trade.

There are two buttons at the bottom of the panel:

Open Trade: This button opens the trade or places an order with the current settings displayed on the panel. The values entered in the textboxes will overwrite the values displayed on the chart.
Close All: This button closes all open positions and deletes all pending orders for all symbols, including positions placed by other EAs.

I hope you find this program advantageous and that I could be of assistance. If you are interested in creating your own grid or zone recovery trading strategies and taking advantage of volatile or stagnant markets, be sure to check out my ManHedger Utility.

more...

724

Gloria Sarpong 2024.04.09 11:29 #

nice tool

R0ntrader 2024.03.08 05:21 #

Nice tool it's a big help for scalping :)

430

Gellet Manchenella 2023.12.18 19:31 #

it's a great tool, adding Trading Symbol as input also will make it more useful to trade custom symbols like Renko charts, etc...

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Introducing the Zone Recovery EA, a powerful tool for traders who seek precise control over their Zone Recovery strategies. This manual version operates similarly to the Zone Recovery mode in ManHedger but some distinctive features – the Stop Loss (SL) cannot be modified during the strategy execution, and no pending orders are opened, when the StartPrice is reached. The only 2 input parameters are the leverage for the current symbol and a check of wether the Account allows hedging. Zone Recover

FREE

With this easy to set up indicator you can display and set alerts for the following candlestick formations: Bull Breakout, Bear Breakout, Hammer, Pin, Bullish Engulfing, Bearish Engulfing. I'd appreciate if you would review the indicator Input parameters: ShortArrowColor: The color of the Arrows, displaying a Bearish candle formation LongArrowColor: The color of the Arrows displaying a Bullish candle formation BullishEngulfing: Disabled/Enabled/EnabledwithAlert BearishEngulfing: Disabled/Ena

FREE

Manual & Test Version Please DON'T BUY this product before testing or watching my video about it. Contact me for user support & advices! If you've bought this EA, you are entitled to a gift!! MT5 Version With this Expert Advisor, you can: Implement your own Zone Recovery strategy to capitalize on trending markets. Create Grid trading strategies, to profit from ranging markets. Place orders easily and clearly. Display your trades/strategies on the chart. Display your Take Profits/Stop Lo

63 USD

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724

Gloria Sarpong 2024.04.09 11:29 #

nice tool

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Reply from developer Peter Mueller 2024.04.09 12:13 #

Thanks a lot for the review

R0ntrader 2024.03.08 05:21 #

Nice tool it's a big help for scalping :)

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Reply from developer Peter Mueller 2024.03.08 11:55 #

I'm glad you like it. Thank you for taking your time and reviewing the product

430

Gellet Manchenella 2023.12.18 19:31 #

it's a great tool, adding Trading Symbol as input also will make it more useful to trade custom symbols like Renko charts, etc...

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Reply from developer Peter Mueller 2023.12.18 20:56 #

Thanks for the review, can you specify your request in PM please? Thanks again :)))

131

meghbaddi 2023.12.17 18:41 #

I have tried the trade manager on live account and this is the tool I was looking for from a long time, its a great trade manager, adding a trailing stop feature would make it a must have tool for all traders.

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Reply from developer Peter Mueller 2023.12.18 20:55 #

Thank you very much for the review I'm happy you are satisfied

118

Adeni Ferreira 2023.11.28 11:16 #

O ideal seria que a linha do start price respeitasse o preço no ativo Bra50 na corretora ActiveTrades que se move de 5 em 5 pontos e não de 1 em 1 ponto. Isso tornaria esse EA perfeito.

Não está funcionando para o ativo Bra50 na corretora ActiveTrades

https://www.mql5.com/en/charts/18589436/bra50dec23-h1-activtrades-corp

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Reply from developer Peter Mueller 2023.11.28 14:21 #

Thanks for the review I'll try to update it in the future.

Muhammad Adil 2023.11.25 00:49 #

Best free trade manager i have ever used.i was a bit skeptical before using it but after trying t i can say that its just works as same as a paid trade manager works. Also thanks for providing it for free....

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Reply from developer Peter Mueller 2023.11.25 01:01 #

I'm happy that you are satisfied. Thank you for your review it means a lot to me! ❤️

Version 2.1 2024.03.23

Fixed scaling now it should work with any kind of resolution.

Version 2.0 2023.11.30

New feature: Risk and Gain introduced to the Position size calculation, now you can enter trades based on how much you want to gain or how much you are willing to risk on the trade.

Version 1.1 2023.11.20

Updated the old version.