Layer Trade Manager
- Utilità
- Andy Kah Yong Ong
- Versione: 2.10
- Attivazioni: 5
Layer Trade Manager — Level trade & Scalping Assistant
Layer Trade Manager is a simple yet powerful on-chart trade management panel for MetaTrader 5 designed to take the heavy lifting out of layered trade strategies. A single click opens the first trade and queues up a basket of up to 5 staggered market entries if price reaches the preconfigured layers, each with its own configurable take profit, and the smart automation takes care of setting BE, etc. from there.
What It Does
Instead of manually placing multiple orders at different price levels, Layer Trade Manager does it for you. Press BUY or SELL on the panel and:
- Trade 1 opens immediately at market
- Trades 2–5 open automatically as the market moves against you, each triggered at a configurable offset from the previous trade's actual fill price — a classic layering approach for building into a position
- When price moves to your configured threshold (e.g. at TP1) break even is set (if configured) on your open trades to take off risk.
All 5 TP levels are calculated and displayed on the chart the moment you press the button, so you always know exactly where your exits are.
Key Features
Compact On-Chart Panel
A clean, dark-themed HUD sits in the corner of your chart. Every number is live-editable — click any TP or SL field, type a price, and it is applied to the linked trades instantly.
5 Fully Configurable Take Profit Levels
TP1 through TP5 are spaced cumulatively from each other using configurable point offsets. Each TP row has five trade-link buttons (T1–T5) — click a button to assign that trade to close at that TP level, or reassign it at any time while the basket is live.
Relay TPs off TP1
Changed your TP1? One click on Relay TPs off TP1 recalculates and pushes TP2–5 to all linked trades automatically, respecting the original spacing offsets.
Two Auto Break-Even Strategies
- Individual BE — Each trade's SL is moved to its own entry price (+ a configurable buffer for fees) as soon as price reaches a trigger distance from Trade 1's entry. Trades are protected one by one.
- Combined BE — A single weighted-average entry price is calculated across all open basket positions. All SLs are moved to that blended level at once, with a configurable settling delay so completed TP closes don't skew the average.
Automatic Cascade Entries
Trades 2–5 don't use pending orders — they monitor price in real time and open at market the moment each threshold is breached, using actual fill prices as the reference for the next level. This gives you real cascaded execution without the risk of pending order drift.
Trailing Stop for Unlinked Trades
Any trade slot not assigned to a TP row is automatically managed with a trailing stop, so nothing is left unprotected.
Session Recovery
Restart MT5 mid-basket? No problem. The EA reads your existing open positions on OnInit and fully restores the panel state — tickets, TP links, SL, direction, and BE status — without touching any live trade settings.
Close all trades button
If news is coming up, you need to go out, or you don't like the way the market is moving plress one button and all your open trades are closed together.
Live Chart Lines
Five colour-coded TP lines and a dashed SL line are drawn directly on the chart for instant visual reference. They update the moment you edit a price in the panel.
Input Settings At A Glance
| Group | Parameters |
|---|---|
| Magic Number | Unique EA identifier |
| Trade Settings | Lot size, SL offset, BE strategy, BE trigger distance, BE delay, BE buffer |
| TP Offsets | Independent point-offset for each of TP1–TP5 |
| TP-to-Trade Links | Default trade assignment for each TP row |
| Trade Entry Offsets | Cascade distance for Trades 2–5 from the previous entry |
| Trailing SL | Distance in points for trades with no TP |
Who It's For
- Scalpers who want rapid basket execution without the manual overhead
- Grid/layer traders who build into positions as price retraces
- Any trader who wants a clean visual panel to manage multi-trade setups with automated BE and TP management
Requirements
- MetaTrader 5
- Algo trading enabled in MT5
