Trade Manager Auto SLTP Trailing and Breakeven MT5

Trade Manager is a position management utility designed to automate stop loss, take profit, trailing stops, and break-even operations for manual and automated trades.

This utility monitors open positions and applies missing stop loss and take profit levels according to your configured parameters. It features a trailing stop mechanism that adjusts the stop loss as price moves favorably, and a break-even function that secures positions once a defined profit target is reached.

Features

The utility automatically applies Stop Loss and Take Profit to positions that lack them. The trailing stop adjusts Stop Loss dynamically to lock in profits as the price moves in your favor. The break-even function moves Stop Loss to the entry price with an optional offset when the target profit is reached. Partial close automatically closes a percentage of the position volume at a specified profit level.

The control panel provides on-chart buttons for quick execution and emergency management. Status display shows current operation status. Quick Trade buttons allow Buy and Sell operations with adjustable lot sizes. Emergency functions include Close All to instantly close all open positions, Close Profit and Close Loss to selectively close positions, and All to Break-Even to manually move all Stop Losses to the break-even level. The panel also displays real-time profit and loss along with active position counts.

General Settings

Manage Magic Number filters positions by Magic Number. Set to 0 for manual trades or -1 for all positions. Manage All Symbols controls whether the utility manages trades across all symbols or only the current chart symbol. Max Slippage Points sets the maximum allowed slippage for trade operations.

Stop Loss and Take Profit

Default SL Points defines the distance in points for the initial Stop Loss. Default TP Points defines the distance in points for the initial Take Profit.

Break-Even Settings

Enable Break-Even toggles the automatic break-even function. Break-Even Trigger Points sets the profit in points required to trigger the move to break-even. Break-Even Offset Points sets the distance in points from the entry price to place the new Stop Loss.

Trailing Stop Settings

Enable Trailing toggles the trailing stop function. Trailing Stop Points sets the distance from the current price for the trailing stop. Trailing Step Points sets the minimum movement required to update the Stop Loss.

Partial Close Settings

Enable Partial Close toggles the partial close function. Partial Close Profit sets the profit in points to trigger a partial close. Partial Close Percent sets the percentage of the volume to close, for example 50.0.

Usage Notes

The utility must be attached to a chart to function. Ensure Algo Trading is enabled in the terminal. For 5-digit brokers, 10 points equal 1 standard pip. Test all settings in a demo environment before using them on live accounts.

Trading financial instruments involves significant risk. This utility is a tool for position management and does not guarantee profits.

Looking for execution discipline and market condition filtering?

Check my professional tool: Market Execution Control – designed to prevent trades in hostile environments.