Trade Manager 5
From the Old Kings archive: Trade Manager 5, an expert advisor (trading robot) for MetaTrader 4. It places pending orders, moves the stop behind price and can size trades from your risk. It has 24 settings, for example Lot (default 0.02), slippage (default 3) and delta (default 200). Run it in the Strategy Tester and then on a demo account to see how it opens and closes trades. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Trade Manager 5
Trade Manager 5 is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and can size trades from your balance and risk percent. It has 24 settings, such as Lot, Slippage and Delta. MQL source code included.
Files in the download: Trade Manager.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lot | 0.02 | Trade size in lots |
| Slippage | 3 | Maximum slippage allowed when opening a trade |
| Delta | 200 | distance for pending orders |
| Dpips | 5 | increment for points |
| Dlot | 0.01 | increment for lot size |
| Dpr | 1 | increment for risk in % |
| Confirmation | false | |
| Trade no loss buy | true | |
| Trade no loss sell | true | |
| Magic | 0 | Magic number that tells this EA's orders apart |
| Font | Arial | |
| Width | 10 | |
| Type wind | 1 | |
| Type color | 0 | Colour on the chart |
| Color1 | clrBlack | Colour on the chart |
| Color2 | clrWhite | Colour on the chart |
| Color3 | clrBlue | Colour on the chart |
| Color4 | clrRed | Colour on the chart |
| Color5 | clrGreen | Colour on the chart |
| Color6 | clrLemonChiffon | Colour on the chart |
| Color7 | clrLightGray | Colour on the chart |
| Color8 | clrSnow | Colour on the chart |
| Color9 | clrGray | Colour on the chart |
| Move window | false |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Pending Orders · Trailing Stop & Break-even · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code