Ultra Panel MT5

Description

Ultra Panel MT5 is a MetaTrader 5 Utility designed for traders who want fast manual trade execution with built-in automated trade management.

It combines the speed of one-click manual entries with useful automation features such as basket profit closing. This makes it ideal for scalping, intraday trading, and active trade management directly from the chart.

The panel appears on the chart and allows you to place trades instantly, adjust lot size, stop loss, and take profit, and close all positions with one button.

Important Note

Ultra Panel MT5 is available in two different versions. Please make sure you understand how each version manages trades before use.

Version 2: The EA Manages only its owns trades

  • This version works exclusively with trades opened by the EA using its assigned Magic Number ( 517548 )

  • It can fully manage its own positions, including:

      • Opening trades

      • Closing trades

      • Modifying Stop Loss

      • Modifying Take Profit

      • Basket management for EA trades only.

      In other words, with version 2, the EA behaves the same as Ultra Panel MT4

      Recommended for users who want full control and separation from manual trades or other EAs.

      Version 1: The EA Manages all open trades

      • This version can monitor and manage all open trades in the account for functions such as basket close, profit control, or trade management.

      • However, due to MT5 position/order ownership rules, it cannot modify Stop Loss or Take Profit on trades that were opened manually or by another EA.

      • SL/TP changes apply only to trades opened by this EA itself.


      Recommended for users who want account-wide basket management while keeping external trades untouched.

Main Features

Manual Entry Controls

  • BUY button — opens a market buy order instantly

  • SELL button — opens a market sell order instantly

  • CLOSE button — closes all open positions

Adjustable Trade Settings

  • Lot size control using + / -

  • Stop Loss (SL) control using + / -

  • Take Profit (TP) control using + / -

Hybrid Automation Features

  • Basket Profit Target: automatically closes all open positions when total floating profit reaches the selected target amount

  • Live panel updates

  • Trading status display:

    • READY = trading enabled

    • AUTO TRADING OFF = platform trading disabled

Interface Features

  • On-chart control panel

  • Fast access trading buttons

  • Simple and lightweight design

How to Use

1. Attach to Chart

  1. Open the chart you want to trade

  2. In Navigator > Expert Advisors

  3. Drag Ultra Panel MT5 onto the chart

  4. Allow Algo Trading when prompted

2. Enable Trading

Make sure the MT5 toolbar Algo Trading / AutoTrading button is ON.

When enabled, the panel should display:

READY

3. Configure Trade Settings

Use the panel buttons to set:

  • LOT = trade volume

  • SL = stop loss distance (points)

  • TP = take profit distance (points)

4. Open Trades

  • Press BUY to open a buy order

  • Press SELL to open a sell order

5. Manage Trades

  • Press CLOSE to close all open positions manually

  • Or allow the EA to auto-close all positions when basket profit target is reached

Basket Profit Feature

If total floating profit from open positions reaches the configured basket target, the EA automatically closes all open trades.

Example:

  • Basket target = 10.00

  • Combined floating profit reaches 10.00

  • EA closes all open positions automatically

Troubleshooting

Panel appears but buttons do nothing

Check:

  • Algo Trading is ON

  • EA is attached correctly

  • Market is open

  • Broker allows trading on the symbol

Panel appears but buttons don't show up

            Restart the terminal.

Status shows AUTO TRADING OFF

Enable Algo Trading in MT5 toolbar.

Orders fail to open

Possible causes:

  • Lot size below broker minimum

  • Not enough margin

  • Stop Loss / Take Profit too close to price

  • Market closed

  • Symbol temporarily disabled

Basket target did not close trades

Check:

  • Positions are still open

  • Profit actually reached target

  • EA is active on chart

  • Terminal connection is live

Best Practices

  • Test on demo first

  • Use small lot sizes while learning

  • Confirm spread before fast entries

  • Use realistic basket target

  • If you run multiple EAs or place manual trades, use Version 2 for cleaner trade separation and safer management

  • If you want broader basket control across open positions, use Version 1 with the understanding that external trades' SL/TP cannot be changed by the EA.

Summary

Ultra Panel MT5 gives you the speed of manual one-click execution with the convenience of automated basket management, making it a practical tool for active MT5 traders.

Happy trading !



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