XP Forex Trading Manager MT4 - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

Forex Trade Manager MT4 simplifies the management of open orders in MetaTrader 4. If you open a new order, the manager automatically sets Stop Loss and Take Profit. When the price moves, the program can move the stop loss to breakeven (stop loss = opening price) or move the stop loss continuously (trailing stop loss) to protect your profits. Forex Trading Manager can control orders only for the current symbol (the case where the EA works) or all open orders (regardless of symbol) and hide Stop Loss and Take Profit from the broker. This is a strategy for managing established manual trades (open on all symbols or only on the current chart symbol) by:

- Set Stop Loss and/or Take Profit (in pips) for trades

- Trailing stop function, trailing stop based on price

- Break even, move SL to BE of selected distance

Stop Loss/Take Profit can be managed by the broker (standard way) or in stealth mode - hidden from the broker.

"SLTP parameters"

Stop Loss – the number of pips to stop the trade.

Take Profit – Take profit trades in pips

"break even"

UseBreakEven (true/false) – allows to use breakeven function only for opened trades

BEActivation – the profit point when activating the break-even function

BELevel – additional distance to BE (in points) when setting stop loss via breakeven function

"Trailing Stop"

UseTrailingStop (true/false) – allows the use of trailing stop function only for established trades

TSStart – profit in points when activating the trailing stop function

TSStep – Minimum spread between new stop and current stop, allowing to move the stop via trailing stop function

TSDistance – distance (in points) from the current price when a stop loss is set via the Trailing Stop function

StealthMode(true/false) – hides Stop Loss/Take Profit levels from the broker and the EA will programmatically close trades at these levels

OnlyCurrentPair(true/false) – allows to manage trades only from the current chart’s symbol (true) or from all currency pairs (false)

All parameters of transactions and functions can be set in the EA parameters. Forex Trading Manager also displays information on the chart about the current daily profit and loss in pips and account currency.

Attachment download

📎 xp_trade_manager.mq4 (19.04 KB)

Source: MQL5 #42178