Medoxray Trade Manager

Product Overview

Medoxray Trade Manager is a professional manual trading panel for MetaTrader 5, designed to make trade execution and position management faster, easier, and more organized.

It combines one-click trading, interactive chart-based Risk / Reward management, pending order placement, advanced position management, and a live Profit & Loss dashboard in one convenient interface.

This is a manual trading utility. It does not open trades automatically. Every trade is initiated by the user.

1. One-Click Trading

• BUY and SELL buttons for quick order execution.

• Adjustable lot size.

• Set Stop Loss (SL) and Take Profit (TP) before opening a trade.

• Visual preview of the planned trade before execution.

• Quick access to essential trading controls.

2. Interactive Risk / Reward Tool

An interactive chart-based tool that allows you to visually manage your trade levels.

• Drag Entry, Stop Loss, and Take Profit levels directly on the chart.

• Resize the Risk / Reward area using its edges.

• Move the entire Risk / Reward area to another chart location.

• Preview trade levels before execution.

• Works with open positions and pending orders.

• Displays additional information boxes when hovering over the relevant levels.

Risk and reward values are calculated using the symbol's actual tick value and displayed in USD.

All displayed values update dynamically when the trade levels or lot size change.

3. Two-Way Chart and Panel Synchronization

The trading panel and chart-based Risk / Reward tool work together.

• Changes made in the panel are reflected on the chart.

• Changes made directly on the chart are reflected in the panel.

• Manage Entry, SL, and TP levels from either interface.

• Updated trade levels are sent to the trading server when the relevant modification is applied.

4. Pending Orders

Place and manage different pending order types:

• Buy Limit

• Sell Limit

• Buy Stop

• Sell Stop

• Buy Stop Limit

• Sell Stop Limit

Manage pending orders through the panel and interactive chart tools.

5. Advanced Trade Management

Manage open positions using built-in tools:

• Trailing Stop.

• Break-Even with adjustable offset.

• Partial Close.

• Modify Stop Loss and Take Profit.

• Modify selected positions or all positions.

Trailing Stop and Break-Even are disabled by default and become active only when enabled by the user.

6. Positions List

A clear positions list displaying important information for each open position:

• BUY / SELL direction.

• Trading symbol.

• Lot size.

• Live Profit / Loss.

• Position ticket.

• Open price.

• Current price.

• Trailing Stop status.

• Break-Even status.

• SL-to-TP progress bar.

7. Live Profit & Loss Dashboard

The panel displays a live financial summary of open positions:

• Total Profit: Displays the combined profit of all currently profitable positions.

• Total Loss: Displays the combined loss of all currently losing positions.

• Net Total: Displays the overall net profit or loss across all open positions.

Quick Close by Clicking

Each summary value also works as a quick closing control:

• Click Total Profit to close all currently profitable positions.

• Click Total Loss to close all currently losing positions.

• Click Net Total to close all currently open positions.

This allows you to monitor your overall trading performance and close positions directly from the panel without manually selecting each trade.

8. Fast Execution Mode

An optional asynchronous execution mode designed to improve trade management speed.

• Supports parallel processing of multiple positions.

• Supports parallel closing of positions on hedging accounts.

• Automatically falls back to standard execution if the broker does not support or accept the requested execution method.

9. Customization

Customize the panel appearance and trading preferences:

• Adjustable panel width and position.

• Customizable colors.

• Modern dark interface.

• Risk / Reward ratio previews, including 1:1, 1:2, and 1:3.

• Settings and Colors screens.

10. Sound Alerts

The panel supports sound notifications for important trading events, including:

• Position opened.

• Pending order placed.

• Pending order triggered.

• Pending order cancelled or expired.

• Take Profit reached.

• Stop Loss reached.

• Position closed.

• Position modified.

• Execution errors.

• Stop Out events.

Sound filenames can be customized. Sound files should be placed in the MQL5\Sounds folder.

11. How to Use

1. Attach Medoxray Trade Manager to an MT5 chart.

2. Enable Algo Trading in MetaTrader 5.

3. Set your preferred lot size, Stop Loss, and Take Profit.

4. Use the interactive Risk / Reward tool to preview and adjust trade levels.

5. Click BUY or SELL to open a market position, or select a pending order type.

6. Manage open positions and pending orders from the panel or chart.

7. Monitor your live Profit & Loss summary and use its quick-close controls when needed.

12. Input Parameters

General

• InpMagic – Magic Number (default: 88001).

• InpNewsURL – Economic calendar URL. The Alerts button opens the calendar in your browser without DLL imports.

• InpIgnoreSavedFile – Ignore saved settings once.

Panel Layout

• InpPanelWidth – Panel width (default: 340).

• InpPanelTop – Vertical panel position.

• InpPanelRightOffset – Panel horizontal offset.

• InpAdjustChartShift – Automatically adjust chart shift (default: false).

Risk / Reward

• InpShowRiskReward – Show or hide the Risk / Reward tool (default: true).

• InpRRBarsAhead – Number of chart bars ahead for the Risk / Reward display (default: 12).

Execution

• InpFastExecution – Enable or disable Fast Execution mode (default: true).

Sound

• InpSoundOn – Enable or disable sound alerts (default: true).

• InpSndOpen – Position opened sound (ok.wav).

• InpSndPending – Pending order sound (request.wav).

• InpSndTrigger – Pending order triggered sound (alert.wav).

• InpSndCancel – Pending order cancelled sound (wait.wav).

• InpSndTP – Take Profit sound (news.wav).

• InpSndSL – Stop Loss sound (stops.wav).

• InpSndClose – Position closed sound (tick.wav).

• InpSndModify – Position modified sound (expert.wav).

• InpSndError – Execution error sound (timeout.wav).

• InpSndStopOut – Stop Out sound (alert2.wav).

Sound files must be available in the MQL5\Sounds folder.

13. Strategy Tester

The product includes a small demonstration of its trading engine in the Strategy Tester.

The demonstration can open, modify, and close a test position using the minimum lot size, allowing users to observe the trading functionality.

In normal use, trades are opened only when the user presses the trading buttons.

14. Compatibility and Requirements

• Platform: MetaTrader 5.

• Designed for use with different brokers and trading symbols.

• Requires Algo Trading to be enabled.

• Supports Hedging and Netting account types.

• No DLL imports required.

Important Notes

• Medoxray Trade Manager is a manual trading and position management utility, not an automated trading strategy.

• It does not provide trading signals or make trading decisions for the user.

• Trading involves risk. Always test the product on a demo account before using it on a live account.

• Execution conditions may vary depending on the broker, account type, and market conditions.

For questions or technical support, please use the product comments or private messages.