Trade Panel Manager MT5

Visual Trading Made Easy:

Place and drag horizontal lines directly on your chart to set your Entry, Stop Loss, and Take Profit levels. The Entry, Stop Loss, and Take Profit levels are taken directly from the position of the lines on the chart at the moment of execution.

Automatic Lot Size Calculation:

Stop risking more than you intend. Set your risk as a fixed dollar amount or as a percentage of your account balance (e.g., 1%). The EA instantly calculates the correct lot size based on your stop-loss distance, keeping your risk under control on every trade.

Multi-Position Scaling (1 to 5 Trades):

Open up to 5 positions at once with a single click. Use the "+/−" buttons on the panel to choose how many trades to place, each with its own Take Profit at a different Risk/Reward ratio (TP1 through TP5, fully configurable).

- Shared Risk Mode: All trades split the total risk 

- Full Risk Mode: Each trade carries full risk 

Advanced Trade Management:

- Auto Trail to Breakeven: The EA trails your stop toward breakeven as price moves in your favor, then locks in profit at two configurable BE levels (BE1 and BE2).

- Basket Stop Loss: Scale into multiple positions at different prices? The EA automatically synchronizes all stop losses to a single dollar-based basket SL — treating your entire basket as one unified trade.

- Basket BE / SL / TP Visualization: Toggle horizontal lines on the chart to see your basket's breakeven price, dollar-based stop loss, and dollar-based take profit at a glance.

- Disable Magic Mode: When enabled, the EA includes manually opened trades (including mobile trades) in basket calculations instead of filtering by magic number..

Clean & Uncluttered Interface:

The control panel shows RR ratio, spread, SL pips, lot size, and dollar risk in real time. Need more chart space? Hide the panel with one click and restore it whenever you want.

Bonus: 

A live candle countdown timer on the chart helps you time entries around candle closes.

Brokers / Trading instruments: 

Designed to work on most MT5 brokers and symbols.

Correct lot size calculation depends on broker contract specifications (tick value, contract size, and symbol settings).

How to use:

- Attach the EA to the chart

- Decide how much you want to risk per trade

- Decide how many trades you want to open

- Choose TP for each trade (multiple of SL distance)

- Decide if you will use trailing and/or breakeven functions

- Show SL, Entry and TP lines on the chart and adjust them to your desired price levels for each one.

- Execute the trade

- If you add more positions along the trend you can use the basket functions (SL, BE and TP)


Limitations / technical dependency note:

- Lot size calculation depends on symbol specifications provided by the broker

- Results may vary between brokers due to differences in contract size and pricing

- The EA requires AutoTrading to be enabled in the MT5 terminal to execute trades

Lot Size Calculation Settings:

- Risk percentage of account balance — sets how much of your balance is risked per trade when using percentage mode (e.g. 1 = 1%).

- Use fixed dollar risk instead of percentage — set to true to risk a fixed dollar amount, false to use the percentage above.

- Fixed dollar amount to risk — the exact dollar amount risked per trade when fixed risk mode is enabled.

- Shared risk mode — true splits the total risk across all positions; false gives each position its own full risk.

Line BUY/SELL Settings:

- Default SL pips for forex — the initial stop loss distance when you click Line BUY/SELL on a forex pair.

- Default SL pips for gold — same as above for XAU/GOLD pairs.

- Default SL pips for silver — same as above for XAG pairs.

- Default SL pips for bitcoin — same as above for BTC pairs.

Fixed TP Settings:

- Show TP line — set to false to hide the TP line and use the fixed RR multipliers below instead of a draggable line.

- Number of Trades (1–5) — sets the default number of positions opened per trade setup; can also be changed live on the panel.

- RR ratio TP1–TP5 — the Risk/Reward multiplier for each take profit level (e.g. 2.0 = TP placed at 2× the SL distance).

Automatic Trail to BE Settings:

- Enable trail to breakeven — turns on the trailing stop that follows price toward breakeven before locking in.

- Trail distance — how far behind the current price the trailing stop sits, as a multiple of SL distance.

- Stop trailing at — once price has moved this multiple of SL distance in your favor, trailing stops and BE levels take over.

- Enable BE1 / BE2 — turns on each breakeven lock-in level independently.

- BE1/BE2 activation — price must reach this multiple of SL distance from entry to trigger the level.

- BE1/BE2 offset — where the new stop loss is placed (as a multiple of SL distance from entry) when the level triggers.

Automatic Basket SL Settings:

- Enable automatic basket SL — when true, the EA continuously adjusts all position stop losses to maintain your exact dollar risk across the entire basket.

Managing Multiple Trades Settings:

- Basket SL dollar amount — the total dollar loss that triggers the basket stop loss across all positions.

- Basket TP dollar amount — the total dollar profit target displayed as the basket take profit line.

General Settings:

- Magic number — unique ID that lets the EA identify its own trades; change if running multiple EAs on the same account.

- Show candle timer — displays a live countdown to the next candle close directly on the chart.

- Candle timer color — customize the color of the countdown timer text.

- Basket BUY/SELL BE color — color of the weighted average entry (breakeven) lines for buy and sell baskets.

- Basket SL color — color of the basket stop loss lines shown on the chart.

- Basket TP color — color of the basket take profit lines shown on the chart.

- Entry / SL / TP line colors — customize the color of each trade setup line on the chart.