TP Manager EA

TP Manager EA (MT4)

A simple, no-nonsense trade assistant that sets Take Profit by money (USD), not by pips.
Tell the EA how many dollars you want to bank per symbol and per direction (Buy/Sell). It reads your current open positions, computes the weighted average price, and moves TP so that when price hits, your net position closes for approximately that USD target. No strategy curve-fitting, no grid, no martingale—just clean TP management.


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What it does

USD Target TP per Symbol & Direction
Set separate targets for EURUSD Buy, EURUSD Sell, GBPUSD Buy, etc. The EA keeps your TPs in sync with those targets as positions change.

Weighted Average Awareness
If you scale in, it recalculates the average entry and repositions TP accordingly—so your “$5 on EURUSD Buys” still means $5 on the whole net.

Auto-Update (every tick)
With AutoUpdateTP=true, TP is refreshed automatically. Turn it off if you want to manage TPs manually and only update on demand (by toggling true temporarily).

Equity Tools (optional)

MaxEquityLimit: when account equity reaches or exceeds this value, the EA can close all open trades and delete pendings (safety take-profit on the account level).

EquityAlertEnabled (default off): triggers a pop-up alert if equity falls to EquityAlertLevel.


On-Chart Editor
The EA draws simple labels and edit boxes on the chart so you can change USD targets on the fly—no need to reopen Inputs.

Broker Symbol Suffix Support
Use the Suffix input (e.g., "m" for EURUSDm). Set it to "" if your broker has no suffix.



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Typical use cases

1. Scalping helper – You add or reduce quickly, and let the EA keep the TP at “$5 net” or “$10 net” without doing the math every time.


2. Basket cleanup – Got several buys and sells open on the same symbol? Set a small dollar target per side and let the EA stabilize exits.


3. Account milestone – Use MaxEquityLimit as a “daily goal”: when hit, flatten and lock the gain.




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Quick start (MT4)

1. Attach the EA to any chart (timeframe doesn’t matter).


2. If your broker uses a suffix, set Suffix (e.g., "m").


3. In Inputs, set your USD targets (e.g., EURUSD_Buy_Target=5, Sell_Target=5, etc.).


4. Leave AutoUpdateTP=true for hands-free updating.


5. (Optional) Set MaxEquityLimit if you want the EA to close everything when equity hits a number.


6. Keep Experts and Journal tabs open the first time to see confirmations or errors.



> Note: The EA manages existing positions; it does not open trades by itself.




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Inputs (most used)

EnableEA – master on/off.

AutoUpdateTP – auto-reposition TP every tick.

MaxEquityLimit – account-level take-profit; when equity ≥ value ⇒ close all & remove pendings.

EquityAlertEnabled (default false) & EquityAlertLevel – pop-up alert if equity drops to the level.

Per-symbol USD targets:
EURUSD_Buy_Target, EURUSD_Sell_Target, GBPUSD_, USDJPY_, USDCAD_, GBPJPY_, BTCUSD_, XAUUSD_.

UI/Style: FontSize, UI_Offset_X/Y, LabelColor, ButtonBGColor, etc.

Suffix – broker suffix appended to symbol names (e.g., "m").



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How the TP math works (in plain English)

The EA loops your open orders for a symbol (e.g., EURUSDm), filters by direction (Buys or Sells), and calculates:

Total lots (sum of lots on that side)

Weighted average price (price × lots / total lots)


It asks the terminal for the tick value and computes the price offset that should yield the requested USD target when TP hits.

Then it modifies the TP of all orders on that side to match that net target (within a tiny tolerance to avoid constant rewrites).



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Practical tips

Set realistic targets. For tiny lot sizes or symbols with small tick value, $20 might be far; start with $2–$10 and build up.

BTC/XAU quirks. Volatile instruments and exotic symbols can have unusual tick values. Watch Experts tab the first time and confirm TPs make sense.

One EA is enough. You can run the EA on one chart to manage multiple symbols—the on-chart editor includes the common majors + BTC/XAU.

Suffix must be correct. If your broker uses EURUSD.m or EURUSD.pro, set Suffix to match (e.g., .m or .pro).

Testing. Always try in demo or small risk first to confirm your broker’s tick value and contract size align with expectations.



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FAQ

Q: Does this EA open trades?
A: No. It only manages TPs on positions you open manually or with other EAs.

Q: Will it fight with another EA?
A: If another EA keeps modifying TP at the same time, yes. Use only one TP manager per symbol side.

Q: What if there are no open positions?
A: The EA does nothing until there are orders to manage.

Q: Does it set SL?
A: No. It leaves SL unchanged (you can manage SL with another tool if you wish).

Q: Equity alert is ringing on startup—why?
A: By design, EquityAlertEnabled=false. If you enable it and your equity is already below EquityAlertLevel, you’ll get an alert. Raise the level or disable the alert.


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Compatibility

Platform: MetaTrader 4 (MQ4)

Accounts: Netting/hedging—works with multiple orders per side

Symbols: Any your broker provides; includes targets for EURUSD, GBPUSD, USDJPY, USDCAD, GBPJPY, BTCUSD, XAUUSD by default

Timeframe: Any (not time-based)



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Change log (public)

v1.0 – Initial release. USD-target TP by symbol & side, editable on chart, optional equity alert (off by default), MaxEquityLimit close-all.



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Important risk note

This tool does not guarantee profits. It’s a convenience assistant to position your TPs by money targets. Market conditions, broker execution, spreads, symbol specs, and slippage can cause outcomes to deviate from the exact USD amounts. Always test on demo and use responsible risk management.
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Trade Panel é um assistente de negociação multifuncional. O aplicativo contém mais de 50 funções de negociação para trading manual e permite automatizar a maioria das tarefas de negociação. Instruções para o aplicativo: https://www.mql5.com/pt/blogs/post/762435 Versão de teste do aplicativo para conta demo: https://www.mql5.com/pt/blogs/post/762547 Como instalar o aplicativo: https://www.mql5.com/pt/blogs/post/762548 Como testar o aplicativo no modo visual: https://www.mql5.com/pt/blogs/post/770
O indicador possui três ferramentas principais: Lupa (gráfico de zoom), Régua (escalas de tempo e preço) e Mira. Você pode mover tudo com o mouse e personalizar diferentes formatos de exibição, personalizar o tamanho e a cor de cada elemento. A Lupa   (gráfico de zoom) permite exibir velas de qualquer período de tempo e em diferentes escalas. Teclas de atalho padrão: 'Q' - período de tempo mais alto, 'A' - período de tempo mais baixo, 'W' - diminui o tamanho da vela, 'S' - aumenta o tamanho da
Precisa de suporte? Como configurar? Tem dúvidas? Pergunte aqui no seu idioma, resposta rápida: https://www.mql5.com/en/market/product/139089/comments Baixar versão de teste funcional Copy Cat More (Gato Copião) — Copiador de Trades (Trade Copier) MT4 não é apenas um simples copiador local de trades; é um completo framework de gerenciamento de risco e execução (risk management and execution framework) projetado para os desafios de trading de hoje. De desafios de prop firm ao gerenciamento de
Trade Indicator Assistant is a powerful MT4 utility designed to turn indicators into automated trading systems. Its main feature is the ability to automatically detect an indicator’s   BUY and SELL signal buffers , without requiring you to know the buffer numbers, search through indicator settings, or modify the indicator source code. Bonus Indicator: After purchasing Trade Indicator Assistant, contact me to receive Trade Signal Pro completely free as a bonus indicator. [Download Demo Version]
Copiadora->Interação de interface conveniente e rápida, os usuários podem usá-la imediatamente       ->>>> Recomendado para uso em computadores Windows ou VPS Windows Características: Configurações de negociação de cópias diversificadas e personalizadas: 1. Diferentes modos de lote podem ser definidos para diferentes fontes de sinal 2. Diferentes fontes de sinal podem ser definidas para negociação de cópias direta e reversa 3. Os sinais podem ser definidos com comentários 4. Se deve calibrar o
The product will copy all telegram signal to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up, copy order instant, can work with almost signal formats, image signal, s upport to translate other language to English Work with all type of channel or group, even channel have "Restrict Saving Content", work with  multi channel, multi MT5 Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. Support to backtest signal. How to
Take a Break
Eric Emmrich
5 (31)
Take a Break pauses your Expert Advisors when trading is a bad idea: before news, after a daily loss, outside your trading hours, or when a rule you wrote yourself says so. When the pause is over, your EAs simply continue. Account protection for all your EAs in one tool: news filter, drawdown and equity protection, time filter and custom rules. One EA on one chart protects the whole account, the free indicator gives every chart its own rules on top. Free demo | What is new in 26.09 | Support Ass
The AlgoKing Lightning Bolt Strategy is a trade manager and has multiple indicators built for a complete trading strategy.  Here is a list of indicators built in. Indicators Auto drawn Support and Resistance signals Auto drawn RSI Divergence signals Auto drawn Fibonacci Retracement signals with buy and sell entry lines. Lightning Bolt reversal signals. Auto drawn trend lines. Trade Management Auto take partials at simple moving average targets. Auto take partial and stop losses at Fibonacci ret
News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the   News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify   trading days   and   hours   for your expert. The News Filter EA also includes   risk management   and   equity protection   features
FCK CurrencyStrength Pro
Patel Hitendrakumar Mahendrabhai
Hi Friends, " FCK Currency Strength Pro " is a auto & semi auto trading expert with direction of pair. Buy-Sell separate or multi currency in one click. The strategy of  FCK Currency Strength Pro  is a combination of custom indicator, Trendlines, Support & Resistance levels ( Price Action ) and most important secretive trading algorithm mentioned above. Download News Ex4 and csv file You need the following SDSnews.ex4 in MQL4/Libraries and the daylightsavings.csv in MQL4/Files. Only 4 of 5 copi
KT Equity Protector MT4
KEENBASE SOFTWARE SOLUTIONS
3.75 (4)
An equity protection EA for MetaTrader that enforces your loss limits and profit target for you: when your account reaches a rule you set, it closes your trades on every symbol, before one bad day turns into a lost account. It suits prop firm challenges and personal accounts alike. Attach it to one chart, answer a few questions in the on-chart setup wizard, and it watches your whole account in the background while you trade by hand or with other EAs. What it protects Daily loss limit: a percenta
Trade Dashboard MT4
Fatemeh Ameri
4.96 (55)
Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include
RS Trade Copier - o local trade copier ultrarrápido com uma interface gráfica verdadeira . Pare de digitar números de conta manualmente. Chega daquela lista enorme de 200+ parâmetros de entrada incompreensíveis. Uma ferramenta confiável e flexível para cópia de operações comerciais entre múltiplos terminais MT4 e MT5. Atende tanto traders experientes e serviços de sinais quanto investidores individuais. Permite sincronizar negociações de um ou múltiplos Provedores para um ou múltiplos Clientes c
EchoTrade Telegram Signal Backtester VALIDATE TELEGRAM SIGNALS IN MINUTES - STOP GUESSING, START BACKTESTING Stop blowing accounts on "VIP" signals that don't deliver. The EchoTrade Telegram Signal Backtester is the professional solution to audit, verify, and optimize any Telegram signal provider's performance on historical data. Most signal providers show you their wins but hide their losses. This tool reveals the naked truth. By combining a powerful Data Manager (included) with an advanced MT4
Trade Copier Global
Laszlo Tormasi
5 (15)
Trade Copier Global: The name speaks for itself. This copier allows you to copy orders between MT4 terminals even if they are not installed on the same computer. Features Copying trades between MT4 terminals around the world with a short delay. Automatically recognizes symbol prefixes. Can connect many Slaves to the same Master. Supports pending and market orders. Supports partial order close (with limitations, see below) Can send messages and notifications to the Slaves from the Master Several
Unlimited Trade Copier Pro is a tool to copy trade remotely to multiple MT4, MT5 and cTrader accounts at different computers/locations over internet. This is an ideal solution for you if you are a signal provider and want to copy your trades to other receivers globally on your own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not b
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Introduction Loop Pending Trader EA is a professional-grade order management tool for MetaTrader 4 that automates the placement of Buy Limit and Sell Limit orders in a structured “ladder” after every trade closure. It is designed for traders who want precise control over scaling into positions , whether on Forex, Gold, or Bitcoin . With flexible spacing models, risk guardrails, and cycle tracking, this EA gives you the power of advanced order laddering with the safety of exposure management.
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