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Trade Manager Interface MT4

FREE

Published: 19 November 2023

Current version: 3.1

Trade Manager Interface MT4

Name: Trade Manager Interface MT4
Rating: 4.714286 (14 reviews)
Author: Peter Mueller

4.71

Utilities
Peter Mueller
Version: 3.1
Updated: 28 October 2025

The Trade Manager Interface is a free utility designed to simplify manual trading in MetaTrader.

Please leave a review, if you like the trade manager.

It allows traders to visualize trades directly on the chart, calculate position size automatically, and manage orders with advanced features such as partial take profits, automatic breakeven, and trailing stops.
This tool focuses on risk control and execution precision, making trade management faster and more efficient.

For the advanced trade management features to function correctly, please keep the Expert Advisor running after opening a trade.

MT5 Version Available Manual

Watch the explanatory video for a complete walkthrough.

Key Features

Two operation modes: Trade and Close
Full visual trade setup on the chart (entry, stop loss, take profit)
Risk- or volume-based position sizing
Stop loss and take profit display in points, percentage, or price levels
Automatic Breakeven and Trailing Stop functions
Fixed Risk/Reward Ratio lock option
Up to three Partial Take Profits with customizable distances and volumes
Adjustable lines by dragging directly on the chart

How It Works

Open the Trade Manager panel on your chart.
Select the trading direction: Long (Buy) or Short (Sell).
Specify the Entry Price, Stop Loss, Take Profit, and Volume parameters.
- Volume can be defined by lots, percentage of balance, or fixed monetary value (meaning margin used).
Optionally activate Auto Breakeven, Trailing Stop, or Partial Take Profits for automated management.
Click Open Trade to execute a market or pending order automatically based on the entered parameters.

The interface also provides the “Display Lines” option, allowing you to visualize and modify trade levels directly on the chart.
When a level is moved, the panel instantly updates to show the new point and percentage values relative to the entry price. It's important to note, that each trade will be executed based on the parameters in the DIALOG, and not based on the visualization.

Close Mode

This mode allows users to close trades and delete orders based on their type with the click of buttons.

Some buttons in the close mode include:

Close ALL
Close Open
Close Profit
Close Loss
Delete Pending

Could not hurt to check out:

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#tags trading panel partial takeprofit auto be automatic breakeven close all, delete pending, close manager

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Screenshot #1 Trade Manager Interface MT4

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coldfire800 2026.03.19 12:38 #

Great tool. Makes setting stop loss and take profits so much easier to manage.

Emmanuel Briche 2026.01.11 11:37 #

Merci beaucoup Peter pour ce bel outil très efficace et très utile ! Cela simplifie énormément le trading au quotidien !

Wynter 2025.11.23 21:09 #

I was looking for a Trade Manager that could handle Bitcoin and Ethereum. If I couldn't find one then my goal of trading at the weekend would fail. Luckily, my first choice could handle the Crypto charts with no problems. I use Renko charts and need to be able to enter quickly with pre-set SL and TP that can be adjusted during the trade. I can do that now. The graphical interface is akin to Trading View's and shows the potential Profit, Loss, and Risk to Reward Ratio. There are other settings for Risk and Profit-taking and automatically moving to Break-even that I will tinker with at some point. I use a VPS that I restart every weekend. This caused the Trade Manager to be only partially visible. I explained the problem and Peter gave me the solution. In future, I'll remove it before the restart. I can't believe it's free! :D Thanks, Peter!

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coldfire800 2026.03.19 12:38 #

Great tool. Makes setting stop loss and take profits so much easier to manage.

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Reply from developer Peter Mueller 2026.03.19 12:45 #

Then it's doing its job. thank you for the review!

Brotesque 2026.01.23 12:20 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2026.01.23 15:08 #

Thank you very much for your kind review it means a lot to me!

Emmanuel Briche 2026.01.11 11:37 #

Merci beaucoup Peter pour ce bel outil très efficace et très utile ! Cela simplifie énormément le trading au quotidien !

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Reply from developer Peter Mueller 2026.01.11 12:16 #

Thanks a lot for the review!

_ Ming 2026.01.09 07:11 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2026.01.09 10:27 #

I'm glad you like it, thankd for your review

Marnixvictor1971 2025.12.29 13:00 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2026.01.09 10:27 #

Thank you very much!

Olena Denysenko 2025.12.16 12:22 #

i have a question brother, but first of all its a great Trade Manager. I’d like to set a fixed stop loss (for example 12 pips) and define a fixed risk amount (e.g. $500). Based on the current distance to the stop loss (sometimes 10 pips, sometimes 11 pips, etc.), the trade manager should automatically calculate the position size, so that the loss never exceeds $500. Right now, when I set a 12-pip stop loss, the stop moves dynamically with the market price, and that’s not what I want. I want the stop loss to stay fixed, while only the lot size adjusts to the market conditions. Thank you

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Reply from developer Peter Mueller 2025.12.16 12:23 #

Is the Trailing Stop turned on? If yes, that's the problem :)

Wynter 2025.11.23 21:09 #

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Reply from developer Peter Mueller 2025.11.23 21:10 #

Thank you very much for your kind review! :)

totati 2025.11.20 19:16 #

Very good tool! I have been using the program for almost a year, both the MT4 and MT5 versions. When I had a question and contacted the creator of the program, he helped me almost immediately. The program is perfect for me, a great help in my daily work. Similar programs are usually only available at a high price.

Jan Kieliszek 2025.11.04 08:20 #

great product

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Reply from developer Peter Mueller 2025.11.04 11:28 #

Thank you very much for taking the time to write a review, I really appreciate it and I'm glad you liked it

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jim179 2025.10.30 08:01 #

This is a brilliant EA. Clean, efficient interface and manages trades effectively. Exactly what I was looking for.

illuminiphoto 2025.10.21 18:40 #

This is such a great tool everyone should have in their trading arsenal! This EA provides a very simple but effective user friendly graphical interface, providing an excellent trade management tool. There are many trading options to select based on your trading style, while offering the ability to highlight your potential trade SL and TP showing the values in pips and monetary value. This is a very important tool for me to use as I can see at a glance what my potential risk/reward is per trade and I can easily move the TP and SL by adjusting the bars. An excellent tool. Try it...you will wonder how you managed without it!

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Reply from developer Peter Mueller 2025.10.21 18:40 #

Thank you very much for your review, it means a lot to me!

SharkHunterFX 2024.09.06 11:45 #

Error message showing about "could not open Buy order, Error Code: 130... How to slove?

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Reply from developer Peter Mueller 2024.09.06 12:22 #

Error code 130 means invalid stops either invalid tp or sl. Please contact me with such problems before leaving a bad review, I'm happy to help.

Energy 2024.09.01 08:53 #

User didn't leave any comment to the rating

Padi1802 2024.05.07 19:45 #

Awesome

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Reply from developer Peter Mueller 2024.05.07 20:41 #

Thanks a lot!

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Anpex 2024.03.24 02:38 #

Semplice e funzionale...Aggiungerei la possibilità di rilevare segnali da indicatori in modo da attivare in automatico, buy o sell.

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Reply from developer Peter Mueller 2024.03.24 20:30 #

Thanks very much for the review

hakkanen4 2024.02.02 05:08 #

very nice

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Reply from developer Peter Mueller 2024.02.03 12:22 #

Thanks for your review! If you have any questions I'd be happy to help just message me in PM.

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Gellet Manchenella 2024.01.15 17:05 #

Very Good tool to have. The developer is sincere, hard-working, and enthusiastic to develop a high-quality product. He welcomed the suggestions and tried to improve. That is a great quality for a developer.

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Reply from developer Peter Mueller 2024.01.17 12:44 #

Thanks for your review!

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meghbaddi 2024.01.11 10:46 #

This is the good tool for the traders who want to have good control of the trades. Thanks for creating this great tool