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Trade Manager Interface MT5

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Published: 19 November 2023

Current version: 2.4

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Overview
Reviews (11)
Comments (23)
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Trade Manager Interface MT5

Name: Trade Manager Interface MT5
Rating: 4.5 (6 reviews)
Author: Peter Mueller

4.5

Utilities
Peter Mueller
Version: 2.4
Updated: 21 January 2025

How does it work?

Simply fill out the Start Price, TP (Take Profit), SL (Stop Loss), and Volume parameters, and click on the "Open Trade" button to immediately place the order/trade. The "Long" button allows you to select whether you want to Buy (Long) or Sell (Short) the current security. If the start price parameter is higher than the current Ask price and you are in a long position, the order will be placed as a buy stop. If it is below the current Ask price, the order will be a buy limit order for a long position, and vice versa for a short position. The Magic Number parameter allows you to set a unique identifier for the order, which can be useful for distinguishing orders placed by different EAs (not necessary).

The "Display Lines" button shows the current start price, stop loss, and take profit levels on the chart. The displayed box provides the take profit and stop loss levels in points and percentages, and these levels can be adjusted by dragging them on the chart. This feature makes it easy to make trades based on support and resistance levels. The values displayed on the panel are always the "real" values when entering a trade.

There are two buttons at the bottom of the panel:

Open Trade: This button opens the trade or places an order with the current settings displayed on the panel. The values entered in the textboxes will overwrite the values displayed on the chart.
Close All: This button closes all open positions and deletes all pending orders for all symbols, including positions placed by other EAs

Best Free MT5 Supply and Demand indicator

I hope you find this program advantageous and that I could be of assistance. If you are interested in creating your own grid or zone recovery trading strategies and taking advantage of volatile or stagnant markets, be sure to check out my ManHedger Utility.

more...

sdjikoal 2024.07.19 03:37 #

very useful tool!

116

AYAaa 2024.06.26 17:13 #

very good

432

Gellet Manchenella 2023.12.18 19:31 #

it's a great tool, adding Trading Symbol as input also will make it more useful to trade custom symbols like Renko charts, etc...

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Andre Babiak 2024.11.02 12:22 #

Very useful tool. I completely understand and support the idea to keep it as simple as possible. However one option/feature is missing, IMO. The user needs to be able to adjust the colors of the visuals. The screaming red and green backgrounds make it super hard to use the trade manager on muted color charts with black/dark backgrounds. People who mostly trade at night appreciate darker screens because they're easier on the eyes. Unfortunately this EA doesn't really support that.

Another great feature would be to let the user set defaults, like use volume by balance percentage of X% or so). Without defaults the trader needs to set up every trade manually over and over again.

theanhphuocdung 2024.08.01 13:21 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2024.08.01 17:14 #

Thanks a lot for your hinest review

sdjikoal 2024.07.19 03:37 #

very useful tool!

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Reply from developer Peter Mueller 2024.07.19 11:01 #

Thank you for taking your time and writing a review!

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AYAaa 2024.06.26 17:13 #

very good

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Reply from developer Peter Mueller 2024.06.26 20:15 #

Thanks a lot, I'm thankful for your review

[Deleted] 2024.05.19 04:04 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2024.05.21 17:14 #

Thanks a lot for taking your time and leaving a review !

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Gloria Sarpong 2024.04.09 11:29 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2024.04.09 12:13 #

Thanks a lot for the review

R0ntrader 2024.03.08 05:21 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2024.03.08 11:55 #

I'm glad you like it. Thank you for taking your time and reviewing the product

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Gellet Manchenella 2023.12.18 19:31 #

it's a great tool, adding Trading Symbol as input also will make it more useful to trade custom symbols like Renko charts, etc...

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Reply from developer Peter Mueller 2023.12.18 20:56 #

Thanks for the review, can you specify your request in PM please? Thanks again :)))

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meghbaddi 2023.12.17 18:41 #

User didn't leave any comment to the rating

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Reply from developer Peter Mueller 2023.12.18 20:55 #

Thank you very much for the review I'm happy you are satisfied

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Adeni Ferreira 2023.11.28 11:16 #

O ideal seria que a linha do start price respeitasse o preço no ativo Bra50 na corretora ActiveTrades que se move de 5 em 5 pontos e não de 1 em 1 ponto. Isso tornaria esse EA perfeito.

Não está funcionando para o ativo Bra50 na corretora ActiveTrades

https://www.mql5.com/en/charts/18589436/bra50dec23-h1-activtrades-corp

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Reply from developer Peter Mueller 2023.11.28 14:21 #

Thanks for the review I'll try to update it in the future.

Muhammad Adil 2023.11.25 00:49 #

Best free trade manager i have ever used.i was a bit skeptical before using it but after trying t i can say that its just works as same as a paid trade manager works. Also thanks for providing it for free....

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Reply from developer Peter Mueller 2023.11.25 01:01 #

I'm happy that you are satisfied. Thank you for your review it means a lot to me! ❤️

Version 2.4 2025.01.21

A bug fix

Version 2.3 2024.10.19

Fixed a bug -> after minimizing and maximizing the dialog the EA is removed.

Version 2.2 2024.05.21

Fixed scaling, program should now work with any resolution. Changing the timeframe now should not affect the Dialog.

Version 2.1 2024.03.23

Fixed scaling now it should work with any kind of resolution.

Version 2.0 2023.11.30

New feature: Risk and Gain introduced to the Position size calculation, now you can enter trades based on how much you want to gain or how much you are willing to risk on the trade.

Version 1.1 2023.11.20

Updated the old version.