• Información general
  • Comentarios (3)
  • Discusión (40)
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WaltSoft Trade Manager

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 the 
DEMO version to give it a try before purchasing.
The demo version has limitations which are described in its 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".


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!


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.



Comentarios 3
CouchTraders 2020.06.08 20:04 

Great tool. Very easy to see and set your Risk:Reward and the panel shows very useful data, like your overall long and short risk % of open trades. Highly recommend this Trade Manager.

alejounoa 2020.03.18 15:47 

I think this is an amazing tool that all traders should be using! I also wanted to say that I've never come across such great service on the platform before! It was lightning fast and spot-on! Thanks again, Walter! I really appreciate your service as well as your pointers as well!

Akyol 2019.05.17 16:42 

First, very important to mention: Walter has a great SUPPORT. Incredibly competent.

For every trader, whether beginner or professional: this tool RISK: REWARD is so intuitive to use.

With the right money management, you are on the sunny side of life. And this tool is a great help.

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The 4X Lab is a next generation software that massively helps professional traders take full control on chart, alerts and orders. Control your trading intuitively, easily and precisely. Place orders using four unique methods, all in accordance with Risk Management, all doesn't require specific skills. Are you confused by Expert Advisor panels occupying half size of the chart? A lot of unwanted information? Too much information on the chart can cause sensory overload. When you suffer from sensory
240 USD
RunwiseFX Configurable Strategy Automator
Runwise Limited
The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
139 USD
Binary Options Copier Remote
Vu Trung Kien
Binary Options Copier Remote is an EA that allows to copy binary options trades between MT4 accounts at different computers. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. Provider can give free bonus license to 10 receivers. That means those 10 receivers can copy from provider by using Binary Options Receiver Free (no cost). From 11th one, receiver have to buy Binary Options Receiver Pro (paid version) in order to copy from
149 USD
Binary Option Trading panel
Satyam Shivam
Binary Option Trading Panel is one of the simplest and easy to use panels available for trading binary options. The user can choose from different binary option instruments to trade. The investment amount be easily given and expiry for the instrument can be selected from different expiry options. The available expiry options are 60sec, 5min, 10min, 15min, 30min, 60min. The user only needs to enter the above three parameters and then either click on Call or click on Put. It shows the Payout % wit
100 USD
On Chart Trading Market Order Panel
Satyam Shivam
On Chart Trading Market Trading Panel is one of the simplest and easy to use panels for placing market orders. The user can choose from different market symbols. The lot size can be easily given along with the Stop Loss, Take Profit, Trailing Stop parameters. The user only needs to enter the above parameters and then either click on Sell or click on Buy. As simple as that. It shows the Spread within the panel. Also, the current live Bid and Ask prices can be seen in the panel. Reset functionalit
100 USD
Custom Trading Forex Panel
Satyam Shivam
Custom Trading Forex Panel is a simple to use trading panel for trading on major Forex currencies. The available symbols are: EURUSD USDJPY GBPUSD USDCHF EURAUD EURJPY The current Ask and Bid prices can be seen on the panel. The user has to set Lot Size, Stop Loss, Take Profit and then either click on Sell or on Buy. The panel provides a feature to enter a Trailing Stop, too. One has to just enable the Trailing Stop input and set the value for the same. As simple as that The panel also has a res
100 USD
On Chart Trading Market Order Pending Oder
Satyam Shivam
The Expert Advisor (EA) generates an advanced trading tool to place a pending or market order on the chart's current symbol. A market order is placed by clicking the appropriate Sell or Buy button. On the other hand, a pending order is placed by selecting a pending order type and thereafter clicking the Place button. Moreover, the panel provides various options to define exact parameters for every order before placing it. For instance, the triggering price for a pending order can be selected thr
100 USD
Slow Pips OCO Trade Panel
Satyam Shivam
Slow Pips OCO Trade Panel is an advanced trading panel for placing pending orders. Traders can use this panel to place two pending orders at once. One pending order would be of buy entry type and the other one would be of sell entry type. Both orders will have Stop Loss and Take Profit parameters. Since two pending orders are placed at the same time, the pending order for which the price hits first gets converted into a market order and the other pending order gets deleted (one order cancels the
100 USD
Chart Manager
Gi-Seok Im
This indicator changes the timeframe and chart profile for multiple charts. If you dispatched many charts (10~20 or more) in single MetaTrader terminal, it is very boring and difficult work to manage the timeframe and chart profile individually. If the indicators you use in a chart are numerous and the setting values are different from the default one, you might give up adding all the indicators to all charts. The changing of timeframes on multiple charts has the same problem, too. Whenever you
100 USD
Price Action DashBoard
Chantal Sala
The Price Action Dashboard is an innovative tool to help the trader to control a large number of financial instruments. This tool is designed to automatically suggest signals and price conditions. The Dashboard analyzes all major Time Frame suggesting price action conditions with graphic elements. The Dashboard can suggest you the strength of the trend identifying directional movement, it is an indispensable tool for those who want to open position themselves using market trends identifiers. The
200 USD
Elliott Wave Counter
Omar Alkassar
Is a Multi-purpose tool for analyzing Elliott Waves for MetaTrader 4 trading platform. You can: Single-click to count wave according pattern and degree. Single-click for generation Andrews Pitchfork. Single-click for generation target Fibonacci levels (depending price and time) uniquely configured for each wave type. Single-click for generation Fibonacci wave channels uniquely configured for each wave type. Followings are main features. 1. You can use one chart for all currencies You can use t
249 USD
Akyol 2019.05.17 16:42 

First, very important to mention: Walter has a great SUPPORT. Incredibly competent.

For every trader, whether beginner or professional: this tool RISK: REWARD is so intuitive to use.

With the right money management, you are on the sunny side of life. And this tool is a great help.

alejounoa 2020.03.18 15:47 

I think this is an amazing tool that all traders should be using! I also wanted to say that I've never come across such great service on the platform before! It was lightning fast and spot-on! Thanks again, Walter! I really appreciate your service as well as your pointers as well!

CouchTraders 2020.06.08 20:04 

Great tool. Very easy to see and set your Risk:Reward and the panel shows very useful data, like your overall long and short risk % of open trades. Highly recommend this Trade Manager.

Respuesta al comentario
Versión 6.2 2020.05.10
- Added Info: Margin Required
Versión 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.
Versión 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.
Versión 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
Versión 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
Versión 5.7 2020.03.21
- added input: Panel at the left or at the right
- added input: Panel Color Scheme, Dark or Light
Versión 5.6 2020.03.18
- 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
Versión 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
Versión 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 (check boxes) to close winning and/or losing trades
- Some lay-out changes
Versión 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
Versión 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.
Versión 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.
Versión 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.
Versión 4.6 2019.05.20
Solved jumping panel position issue when hiding or showing panel parts on operating systems with scaled up font size.
Versión 4.5 2019.05.20
Corrected same issue as in v4.4 for trailing
Versión 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
Versión 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.
Versión 4.2 2019.04.08
Renamed some settings
Versión 4.1 2019.01.30
- Added setting "Have to Convert Commission"
Versión 4.0 2019.01.29
- Optimized some code
Versión 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"
Versión 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
Versión 3.7 2019.01.14
Bugfix for Accounts with Commission
Versión 3.6 2019.01.10
added support for 4k monitors
Versión 3.5 2018.11.20
- Bug fix
Versión 3.4 2018.11.19
- Optimized some code
- Improved Trailing Stops
Versión 3.2 2018.09.11
Version 3.2
• 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
Versión 3.1 2018.08.30
Setting "Percent Risk" was: Percent of your account equity
Is now: Percent of your account FREE MARGIN