Trade Manager Pro Full Risk Management
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Kerimot Adewoye
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Trade Manager Break Even Trailing Partial Close for MetaTrader 4
Wide stop losses, oversized lots and profits that turn into losses. This trade manager fixes all three automatically, on every trade your Expert Advisor opens and on every trade you open yourself.
Attach it to one chart, set your rules once, and it manages your open trades on every symbol in your account.
WHAT IT DOES
Tightens stop loss and take profit on new trades
Your EA opens a trade with a wide stop loss and take profit. The manager replaces them with your own levels, set in pips or in a money amount per trade. It only tightens. It never moves a level further away from price.
Reduces oversized lots only when the trade is in profit
Set the lot size you want to keep. When a trade is in profit, the manager closes the extra volume and leaves your chosen lot running. Losing trades are never touched.
Break even
Move the stop loss to entry plus locked pips once the trade reaches a profit in pips or in money.
Trailing stop
Trail by fixed pips or by ATR multiple. Choose the start level and the minimum step.
Partial close
Two profit levels, each with its own trigger and percentage. The stop loss can move to break even after the first level.
Close at profit amount
Close each trade automatically when it reaches the profit you choose.
Add stop loss and take profit to trades that have none
Useful for manual trades and EAs that open without protection.
ACCOUNT PROTECTION
Daily loss limit as a percentage of balance
Daily profit target
Maximum floating drawdown
When a limit is reached the manager closes all trades and blocks new ones for the rest of the day. It unlocks on the next day or with one click.
TIME CONTROL
Close all trades at a set time each day. Close all trades on Friday from the hour you choose.
CONTROL PANEL ON THE CHART
Switch each feature on or off with one click.
Open buy and sell trades with a lot size calculated from your risk percentage and stop loss.
Close all trades, buys only, sells only, profitable trades or losing trades.
Set break even on all trades instantly.
Delete pending orders.
Unlock after a risk limit.
WHICH TRADES IT MANAGES
All trades, only trades with a chosen magic number, or only manual trades. You can also limit it to the current symbol.
HOW TO START
1. Attach the manager to any chart and enable AutoTrading.
2. Choose which trades to manage and switch on the features you need.
3. Enter your pips or money values. The manager applies them to every new trade.
WHO IT IS FOR
Traders who run an Expert Advisor with wide stops and large lots and want tighter risk control on top of it.
Manual traders who want automatic break even, trailing and partial closing.
Traders who need a daily loss limit that works across the whole account.
REQUIREMENTS
MetaTrader 4. Works on forex, gold, indices and any symbol your broker offers. It works with any Expert Advisor. It does not generate trading signals. It manages trades that already exist, and opens trades only when you press the buy or sell buttons on the panel.
On symbols with two digits such as gold, one pip equals 0.01. Money mode is the easiest way to set levels on these symbols.
Trading involves risk. This tool manages trades and does not guarantee profit. Test on a demo account before using it live.
