Trade Management MT4

• Simple & Straightforward Trade Management that manages trades.
• Ideal for managing low numbers of trades with Precision.
• Classic way of managing trades through price levels.
• No Disruptive Panel to complicate charts.
• EA automatically removes itself upon completion of all functions. 

• Once Trade has been placed as Pending Orders or Market Orders, attach this Trade Manager to any chart to manage the trades.
• Using the Instrument Symbol and Last 4 digits in the inputs section, EA will identify that specific trade.
• Setting of Take Profit levels, percentage to take off, and adjustment of stoploss automatically.
• Breakeven Mode functions independently, with Offset functions.
• Removal of Pending Trades upon Price targets prior to entry as Safeguard Mechanism.
• Cross Symbols Take Profit Mechanism.

Inputs Explanation

• Symbol of trade to managed as listed by your broker on Market Watch.
• Eg. XAUUSD, EURUSD, NAS100.

• Identifies the exact trade, take the last 4 digit numbers of the default 8 Digit Order Number.
• Eg, 56332123, key in 2123. 

• Base lot size for % calculations,  Leave at 0 to auto-detect, important because the lot size shrinks after each partial close, but percentages should always be based on the original size.
• The lot size used as the basis for all TP percentage calculations. 
• To be used when you removed the trade manager accidentally and want to manage the trade again.

• The first price level to take profit. 0 disables that level.
• If Order is a Buy Order, it uses Bid Prices.
• If Order is a Sell Order, it uses Ask Prices.

• Percentage of original lots to close at that level.
• For example, initial lots is 1.00 lots, and value set at 50, upon reaching TP 1 price, 0.5 lots will be closed based on the calculations.

• Action on SL once TP hits.
• None.
• HFSL (Half the distance of Current Stop Loss position to Price Level).
• BE (Breakeven).
• HFTP (Place Stop Loss at half the distance from Market Order to TP price).

• (Same as TP 1 function but now as Take Profit 2)

• (Same as TP 1 function but now as Take Profit 2 Percentage)
• Do note that it is still based on Original Lot Size.
• For Eg. TP1 partial 0.5 lots from 1.00 lots with TP 1 Percentage 50, of TP 2 Percentage is set as 30, when TP 2 Price hits, 0.3 lots will be calculated from 1.00 lots, thus 0.3 lots will be taken from 0.5 lots, hence remaining 0.2 lots now.

• (Same as TP 1 function but now as Take Profit 2 Stop Loss Mode)
• Addition Stop Loss Mode as TP1 (If selected, stop loss will be moved to TP1 price level.

• (Repeated)

• (Repeated)

• (Repeated)
• Addition TP2.

• Risk to Reward multiple that activates Breakeven Mode.
• For Eg, initial stop loss is 5 pips, is value is set to 2, meaning risk to reward 2x. Once price reaches 10 pips, price set to Breakeven (Based on Breakeven RR Value).
• Do note that the the first instance of Stop loss placed will be used for calculation for Risk to Reward, regardless of new Stop loss positions later on.
• (If stop loss is higher profit or lesser loss from the TP Stop Loss Mode, this Breakeven mode will not be triggered).

• Where SL moves to: 0 = entry
• A positive number = lock in that many R of profit.
• A negative number = trim the loss without going fully to breakeven.
• For Eg. set to 0.5 instead of 0, stop loss moves in favour 0.5 R from Entry.
• For Eg. set to -0.5 instead of 0, stop loss 0.5 R in loss from Entry. 
• Breakeven RR can be set to any value, but the EA's non-regression rule means a new stop loss is only applied if it is strictly better than the trade's current stop loss. 
• In practice, this prevents Breakeven Mode from moving your stop loss to a worse position than where it currently sits.
  

• Cancels pending order if price hits this level before entry.
• If Pending Order is a Buy Order, it uses Bid Prices.
• If Pending Order is a Sell Order, it uses Ask Prices.

• Second symbol to monitor for exit trigger.
• Function independently of TP 1,2,3 prices.

• Bid price on TP Symbol that triggers partial close.
• For Example, Order is on EURUSD, however second symbol is keyed in is USDX, once USDX bid prices reaches the TP SYB Price for USDX such as 99.09, EURUSD will take partial based on TP SYB Percentage.

• Percentage of original lots to close on TP Symbol trigger.
• Based on first Initial lots as well similarly to TP1,2,3.

• SL action on trigger: None / HFSL / BE / TP1 / TP2 / TP3.
• Do note that stop loss would not be triggered if stop loss is already at a more favourable position.