Hands Off Trade Guard MT5
- Utilità
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Sherif Abdelhady Mahmoud Elsayed Mahmoud
MQL5 developer specializing in trade management tools for MetaTrader 5: automatic stop-loss, break-even with commission offset, multi-step profit lock, trailing stops, close-all functions and on-chart panels. - Versione: 1.10
- Attivazioni: 10
Hands-Off Trade Guard protects the trades you open yourself or receive from a signal service. It does not open trades on live charts. You decide the entry, and the utility manages the stop loss from the moment the position appears.
It is made for traders who follow signals or trade manually and want the same rules applied to every position, including the habit of moving or removing the stop loss during a trade.
Main functions
- Initial stop loss and take profit for every new position
- Stop loss guardian: a removed stop loss is restored automatically
- Break-even with an offset to cover commission
- Profit lock steps, for example 150:75,200:100 (at 150 profit lock 75, at 200 lock 100)
- Trailing stop with its own start level and distance
- Locked protection cannot be widened manually (can be disabled)
- Three presets, selected with chart buttons or keys 1, 2 and 3
- Close All with confirmation: button or key C pressed twice within 3 seconds
- Daily loss limit in money or percent of the day start balance
Daily loss limit
When the limit is reached, all positions on the account are closed. Any new position is closed until the next server day. The lock stays active after a terminal restart. This function closes positions from all sources on the account, including other Expert Advisors.
Which positions are managed
Chart symbol only or all symbols, with optional magic number and comment filters. It works with manual trades, mobile trades, other Expert Advisors and signal copiers.
Setup
Attach the utility to one chart and allow algo trading. No DLL, no WebRequest and no external application are used. Distances can be set in pips, points or price. Check the point size of your symbol: on gold quoted with 2 decimals, 1 pip = 10 points = 0.10.
Notes
- Use one copy per symbol. With "All symbols", attach it to one chart only.
- The utility works only while the terminal is running. A VPS is recommended for trades that stay open while you are away.
- In the Strategy Tester the utility opens sample trades with the minimum volume, so the management can be watched in visual mode. It never opens trades on live charts.
