Price Action Trading Box Manager Expert MT4 Free Download - MetaTrader 4 Resources

Price Action Trade Management Box Expert is a powerful tool designed for traders who follow a price action strategy and want to semi-automate their trade management process. This expert displays specific price action patterns in list form in a dedicated panel.

Users can click on any pattern to place a trading area (box) on the chart. When the price enters the defined area, the expert will automatically open a buy or sell position. Additionally, the tool includes features such as capital management, position sizing, risk-reward settings, and news filtering.

Spec Sheet Price Action Trade Management Box Expert

Below are the detailed specifications of Price Action Trading Management Expert.

Price Action Trading Box Management Expert at a Glance

After launching the Price Action Trading Box Management Expert on a chart, a management panel appears at the bottom of the screen, offering both simple and advanced structures. In this panel, users can access the mode list, input controls, and basic settings.

The tool includes features such as checkpoints for precise area management, the ability to swap locations, entry confirmation system "Yes/No" and display of instant messages in the panel interface.

Note: If the price exits this area, it will take up to 5 swings to return to the area. If you enter this area, you must exit within 10 candles. Otherwise, the policy will not be executed.

How to install and run an EA on MetaTrader 4

To view the complete tutorial on installing Price Action Trading Box Management Expert on MetaTrader 4, see the content titled Installing Expert in MetaTrader 4.

Enable "DLL" option in MetaTrader 4

For the Price Action Trading Box Management Expert to function properly, the DLL option must be enabled in MetaTrader 4.
To enable the "DLL" option:

1. From the top menu of MetaTrader 4, go to “Tools”
2. Select "Options"
3. Navigate to the " Expert Advisors " tab
4. Enable the following checkboxes:
   • Allow automated trading
   • Allow DLL imports

Part One of the Management Panel in Price Action Trading Box Management Expert

In this section of the Expert Panel, the table displays a list of key price action patterns. Furthermore, using the buttons and options available in each row, you can check information related to the selected mode.

Note: Both patterns are suitable for bullish (Buy) and bearish (Sell) patterns. Also, please note that this tool does not automatically draw patterns.

• Nu: Serial number in the list
• Logo: Graphical icon used to identify the type of price action pattern
• Info: Use the information icon to view detailed information about each mode
• CP: Checkpoint status used to verify the position of the pattern on the chart
• S: Enable swap to reverse the direction of analysis in the selected mode
• Buy: Button to create a buy entry area for the specified mode
• Sell: Button to create a sell entry area for the specified pattern

Double top/double bottom pattern

A double top or double bottom pattern forms when price tests a support or resistance area twice without breaking through it.

By selecting this mode in the expert panel, trading boxes (for bullish and bearish versions) are drawn on the chart. The user must manually adjust the box and align it precisely with the unfolded structure of the pattern.

If the pattern is formed correctly and completes up to 5 waves, the expert will open the trade.

sequential region mode

The pattern forms first a top, then a bottom, then a second top below the first top.

By selecting the pattern, the expert draws two boxes to help the user identify the pattern and mark relevant areas.

Resistance or Support Retest Pattern

In this pattern, the price initially hits resistance (upper top) , then moves down to support, and finally back to resistance again.

head and shoulders pattern

This pattern consists of three consecutive tops, with the middle one (the head) being higher than the two tops (the shoulders). In the bullish version, the pattern is mirrored.

Users can move boxes drawn by experts and place them precisely on the correct structures.

QM Pattern

The pattern begins with the formation of a strong top. The price then fell back to lower support, pulled back near the previous high but did not break out, and then pulled back again.

Resistance or support rejection pattern

In this pattern, the price reaches a support or resistance level and then changes its direction after contact.

Trading opportunities arise when price is rejected by a support or resistance area and reverses direction.

Money Management Section Price Action Trading Box Management Expert Panel

This section provides tools for managing trading volume, setting the percentage of account balance to use, and adjusting risk to reward ratio. Additionally, traders can filter signals based on the timing of economic news.

Money Management

• Fixed lot: fixed trading volume of each position
• % of balance: A specific percentage of the account balance to determine trading volume
• Risk Reward: Risk reward ratio used to configure profit targets and stop losses

News Filter

• Filter: Enable or disable news timing filter
• X min bef. and: Set the time interval for reminders before and after major news events

Note: To use the news filtering function (Filter), Web Request must be enabled first.

Steps to activate this option:

1. Go to the Tools menu and select Options.
2. Navigate to the "Expert Advisors" tab and check " Allow WebRequests to listed URLs. "
3. Finally, enter the following URL in the specified field: https://nfs.faireconomy.media/

Conclusion

Price Action Trading Box Management Expert acts as a smart assistant analyzing and executing price action trades.

The tool features features such as manual block diagramming for pattern setting, precise risk and capital management, and smart news filters for accurate market analysis.

Its practical and user-friendly structure enables real-time trade control and quick response to market changes, helping to eliminate delays caused by manual processes.