Manual Order Manager PRO XAU

Operating Principle

Manual Order Manager PRO XAU is an Expert Advisor for MetaTrader 5 designed to automatically manage trades opened manually by the trader.

The EA does not decide when to buy or sell. The user analyzes the market, chooses the direction, sets the lot size, and opens the position manually. From that point on, the system monitors the trade and applies the configured protection and management rules.

The goal is to help the trader maintain a more disciplined approach to trade management, reducing the need to manually adjust Stop Loss, Break Even, and other protections throughout the trade.

Main features include:

• automatic initial Stop Loss and Take Profit;
• Break Even with a small positive lock;
• additional protection for trading costs;
• volatility-based trailing stop;
• MFE and MAE monitoring;
• progressive profit protection;
• partial position closing;
• management of multiple open positions;
• optional Recovery Basket;
• optional Basket Break Even;
• visual panel with trade information;
• detailed logs for later analysis.

The EA manages only the symbol of the chart where it is installed. The XAU version is specifically calibrated for gold trading.

Main Advantages

• The trader remains in control: the EA does not generate signals and does not decide BUY or SELL.
• Automatic management after entry: reduces the need to manually monitor every price movement.
• Progressive protection: as the trade develops, the EA can improve the protection level.
• Volatility-based trailing: uses ATR to adapt Stop Loss distance to current market conditions.
• Multiple-position management: can monitor several positions on the same symbol.
• Manual intervention is respected: the trader can modify or remove protections when required by the trading strategy.
• Optional recovery strategies: Recovery Basket and Basket Break Even can be enabled or completely disabled.
• Detailed records: logs help identify what the EA did and why each action was executed.
• Internal timeframes: the management logic does not depend on the chart timeframe selected by the user.
• Designed for assisted manual trading: the EA supports the trader instead of replacing market analysis.

General Management

• MANAGE_ONLY_CHART_SYMBOL — when enabled, the EA manages only the symbol of the chart where it is attached.
• MANAGE_MODE — defines which positions may be managed by the EA.
• MANUAL_MAGIC — Magic Number used to identify manual positions or specific groups.
• MANAGED_MAGIC_LIST — optional list of authorized Magic Numbers.

Initial Stop Loss and Take Profit

• APPLY_INITIAL_SL_IF_MISSING — enables or disables automatic initial Stop Loss placement.
• INITIAL_SL_PCT — percentage distance of the initial Stop Loss.
• APPLY_INITIAL_TP — enables or disables the initial Take Profit.
• INITIAL_TP_PCT — percentage distance of the initial Take Profit.
• ALLOW_INITIAL_SL_BROKER_ADJUST — allows small adjustments required to comply with broker trading rules.

Break Even

• BE_TRIGGER_PCT — profit percentage required to activate Break Even.
• BE_LOCK_PCT — positive percentage the EA attempts to lock after Break Even activation.

Trading Cost Protection

• COST_BUFFER_TRIGGER_PCT — profit level required to activate additional cost protection.
• COST_BUFFER_PCT — protection margin used to help cover spread, commission, and other trading costs.

Time-Based Protection

• LOCK_AFTER_MIN — minimum time, in minutes, before the additional time-based protection may be applied.
• LOCK_30M_PCT — protection percentage used by the time-lock module.

Trailing Stop

• TRAIL_START_PCT — minimum profit required to start trailing.
• TRAIL_MIN_PCT — minimum percentage trailing distance.
• TRAIL_ATR_PERIOD — ATR calculation period.
• TRAIL_ATR_K — ATR multiplier used to calculate the dynamic trailing distance.

MFE Profit Guard

• MFE_START_PCT — minimum favorable movement required before MFE protection begins.
• MFE_LEVEL_2_PCT — second position development level.
• MFE_LEVEL_3_PCT — third level.
• MFE_LEVEL_4_PCT — fourth level.
• MFE_LOCK_RATIO_1 to MFE_LOCK_RATIO_4 — defines how much of the best favorable movement may be converted into protection at each stage.

Regression and Partial Closing

• REGRESSION_TRIGGER_COUNT — number of valid regressions required before a partial close.
• PARTIAL_CLOSE_PCT — percentage of the position to be closed.
• REGRESSION_NEAR_LEVEL_PCT — distance used to determine whether price has returned close to the protection area.
• REGRESSION_REARM_DISTANCE_PCT — distance required before another regression can be counted.
• REGRESSION_MIN_SECONDS_BETWEEN — minimum time between two valid regression events.
• POST_PARTIAL_REARM_PCT — distance required to rearm the logic after a partial close.
• POST_PARTIAL_EXIT_NEAR_PCT — distance from the protection area used in the management of the remaining position.

Time Stop and Failsafe

• TIME_STOP_MIN — time used by the prolonged-position management module.
• TIME_STOP_CLOSE_ON_WEAKNESS — enables or disables automatic closing due to weakness after the defined time.
• DURATION_FAILSAFE_MIN — time threshold for the additional safety module.
• FAILSAFE_CLOSE_IF_PROFIT — defines whether the failsafe module may automatically close a profitable position.

Recovery Basket

• RECOVERY_BASKET_MODE — controls the Recovery Basket module:
  • RBM_OFF — disabled;
  • RBM_MONITOR_ONLY — monitors and logs only;
  • RBM_ACTIVE — active management.
• RECOVERY_TRIGGER_LOT — lot size used as the strategy trigger.
• RECOVERY_TARGET_BALANCE_PCT — positive basket target based on account balance percentage.
• RECOVERY_MIN_NET_PROFIT_MONEY — minimum net profit required.
• RECOVERY_CLOSE_SAFETY_BUFFER_MONEY — additional safety buffer before basket closing.
• RECOVERY_EXIT_SLIPPAGE_RESERVE_PCT — reserve used to account for possible slippage during basket closing.

When Recovery Basket is set to RBM_OFF , the configured trigger lot can be used as a normal lot size.

Basket Break Even

• BASKET_BE_MODE — controls the Basket Break Even module:
  • BBE_OFF — disabled;
  • BBE_MONITOR_ONLY — monitoring only;
  • BBE_ACTIVE — active management.
• BASKET_BE_TRIGGER_BY_LOT_ENABLED — enables or disables activation by lot size.
• BASKET_BE_TRIGGER_LOT — lot size used as the Basket Break Even trigger.
• BASKET_BE_POSITION_BE_TRIGGER_PCT — profit required before a fixed Break Even can be applied to a basket position.
• BASKET_BE_TARGET_MONEY — basket target when monetary mode is selected.
• BASKET_BE_TARGET_BALANCE_PCT — alternative target based on account balance percentage.
• BASKET_BE_MIN_POSITIVE_MONEY — minimum positive amount required.
• BASKET_BE_CLOSE_SAFETY_BUFFER_MONEY — additional safety buffer before closing.
• BASKET_BE_EXIT_SLIPPAGE_RESERVE_PCT — reserve used to account for possible execution differences.

When BASKET_BE_MODE = BBE_OFF , the configured trigger lot is treated as a normal lot size.

Logs and Panel

• ENABLE_EXPERT_PRINT — enables messages in the MetaTrader 5 Experts/Journal tabs.
• ENABLE_TEXT_LOG — enables text log files.
• ENABLE_CSV_AUDIT — enables CSV audit files.
• TIMER_SECONDS — interval used by the main management routine.

Important Notice

This Expert Advisor is a trade management tool.

It does not provide BUY or SELL signals and does not guarantee financial results.

The decision to enter a trade, the direction, position size, and risk level remain entirely under the trader's responsibility.