Trade Shell MT5

Trade Shell, upgraded: P1 Prime Trade Manager

The same product you know, rebuilt from the ground up by Denis Sotnikov, who has written trading programs for MetaTrader since 2008.

A developer who stays

Denis built Euronis Scalper, the example product MetaQuotes shows in the "How It Works" guide inside every MetaTrader 5 terminal (Navigator, Market, How It Works). He answers here in the comments, and he will still be here next year.

Built from what traders report

We read thousands of user comments on trade managers in this Market and fixed the problems they report most:

• Wrong lot size: the size comes from your money risk, percent of balance or money value, rounded down to your broker's volume step.
• Orders that fail in silence: the panel tells you why, for example not enough margin or a size below the broker's minimum.
• Orders the broker refuses: every order goes out with a filling type your broker allows.
• Netting accounts: before you send, it tells you whether an order will close, reduce or reverse your position.
• Pending orders that cancel each other: hold several at once, with OCO when you want it.
• Plans that change by themselves: each open trade keeps its own plan until you press Apply.

After you click

• Breakeven moves the stop to your entry plus your offset when price reaches your trigger.
• The trailing stop has its own start and its own distance.
• It works on hedging and netting accounts.

See it before you pay

Download the demo and run P1 Prime in the Strategy Tester in visual mode. Place a few trades by hand and watch it manage them. Then rent it for a month on your own account. Questions go in the comments below.

P1 Prime Trade Manager: Quick Start

This guide answers the questions traders ask most.

1. Start the panel Open the chart you want to trade. In the Navigator, open Market, then drag P1 Prime Trade Manager onto the chart. Tick "Allow Algo Trading" and press OK. Make sure the Algo Trading button at the top of MetaTrader is green. One panel manages one chart.

2. Your first trade On the Trade tab, choose how to size the trade:

• Lots: you type the size.
• Risk: you type how much money you accept to lose if the stop is hit.
• % balance: the same, as a percent of your balance.
• Money: a money value. Set your stop. For Risk and % balance, the panel works out the size from your stop and rounds it down to your broker's volume step. Check the size, the stop and the target, then press PLACE.

3. When an order does not go The panel tells you why, for example not enough margin or a size below your broker's minimum. Change that value and press PLACE again. If the reason says Algo Trading is off, press the Algo Trading button at the top of MetaTrader.

4. Breakeven Open the Manage tab, then Breakeven. Set the trigger in points and your offset. When price moves your trigger in your favour, the stop moves to your entry price plus your offset. Press "Apply to open positions" to use it on trades that are already open.

5. Trailing stop Open the Manage tab, then Trailing. Choose Points, then set where the trail starts and how far it stays from price. Press "Apply to open positions" for open trades.

6. Pending orders and OCO Choose Limit, Stop or Stop-Limit on the Trade tab to place a pending order. You can hold several at once. With OCO on, when one pending order fills, the other is deleted.

7. Your plan stays your plan Each open trade keeps the plan it started with. Changing a setting does not change open trades until you press "Apply to open positions".

8. Hedging or netting account P1 Prime works on both. On a netting account the panel tells you before you send whether an order will close, reduce or reverse your open position. Not sure which account you have? Open Account info in MetaTrader and look at the margin mode.

9. Try before you rent Download the demo from the product page and run it in the Strategy Tester in visual mode. Place trades by hand and watch the panel manage them.

10. Questions Write in the product comments. Include your broker, the symbol and the steps you took, so the cause can be found quickly.