Trade Manager Expert — User Guide

Overview

Trade Manager Expert is an on-chart planning and management panel for MetaTrader 4 and MetaTrader 5. It helps you place entry, stop-loss, and take-profit levels; size a position from your chosen risk; send a market or pending order; and manage the resulting position from the same chart. The panel title is T Manager v3.3.

The workflow is plan → execute → manage. The tool does not generate entry signals or guarantee an outcome. Test your settings on a demo account before trading live.

Installation

Install the MT5 .ex5 or MT4 .ex4 build in the terminal's Experts folder, or install the product through the MQL5 Market. See the MQL5 installation guide or the Trade't installation guide.
Enable Algo Trading in MetaTrader. If it is off, the panel shows T Manager v3.3: Please enable Algo Trading.
Attach Trade Manager Expert to a chart. The panel opens at the top left.
Open the EA inputs to set your default risk, stop placement, break-even distance, line colours, and display options.

The panel remembers its position, selected trade, risk value, risk-to-reward value, partial targets, and lock state between terminal restarts. If your broker adds characters to symbol names, use Custom Symbol Prefix to truncate or Custom Symbol Suffix to truncate for a cleaner display.

Plan a trade

Click CLICK FOR NEW TRADE. The panel draws draggable Entry, Stop Loss (SL), and Take Profit (TP) lines. The button changes to CANCEL, which removes those planning lines.
Choose I for an instant entry that follows the market, or P to keep the Entry line at a chosen price for a pending order.
Set the risk field. Its meaning comes from Default Risk Choice: percentage, money amount, or fixed volume. With percentage risk, Risk % From selects Balance, Equity, or Free Margin.
Drag the Entry, SL, and TP lines. The panel recalculates risk in account currency, lot size, and the risk-to-reward ratio as levels change.
Enter a Risk To Reward value if desired. Lock keeps TP at that ratio when you move SL; Free lets the lines move independently.
Check the displayed lot size and enabled order button before sending an order.

The default Stop Loss can start at the high or low of a chosen number of candles, or at a fixed point distance. You can then adjust the line on the chart.

Execute an order

The panel offers Buy, Sell, Buy Limit, Sell Limit, Buy Stop, and Sell Stop. It colours only the buttons permitted by the current Entry, SL, TP, and market-price arrangement. Grey buttons are unavailable. If the lines cannot form a valid trade, the panel shows Invalid SL and TP levels !; move the lines into a valid arrangement.

You can edit the volume field manually. When Show Alert message on market execution is enabled, the panel asks for confirmation if its recalculated lot size differs from the displayed volume. A successful order resets the planning controls for the next trade.

Manage an open trade

Select a position or pending order from the MANAGE YOUR TRADE drop-down. Focus draws the selected trade's Entry, SL, and TP levels on the chart. The panel lists trades for the current symbol; the < and > keys cycle through them.

Break-even

Set BE Lev to the desired trigger distance in points. Press + to project a draggable break-even line, then BE to move the selected position's Stop Loss. The BE Buffer to cover commission input adds a point buffer beyond entry. Press − to remove a projected line. Break-even applies to positions, not pending orders.

Partial profits and exits

Each of Part 1, Part 2, and Part 3 has a target price and a PERC% value. Press + beside a part to create its chart line, then set the price and percentage of the position to close. Once armed, the panel checks the level on each tick and submits the partial close when price reaches it. Press − to remove a target.

For an immediate partial close, set Part Close % and click the matching Close xx% button. CLOSE POSITION exits the entire selected position. When a pending order is selected, the same action reads DELETE ORDER.

The panel normalizes partial-close volume to the broker's lot step and minimum volume. Check broker execution and the resulting position after any close request.

Panel controls

Control	Purpose
CLICK FOR NEW TRADE / CANCEL	Draw or remove the three planning lines.
I / P	Follow the live price for instant execution or hold an Entry level for a pending order.
BUY / SELL direction toggle	Switch the proposed direction and line arrangement.
Risk, Risk in money, Volume	Enter risk or review the recalculated money risk and lot size.
Risk To Reward, Lock / Free	Set a target multiple and optionally keep it fixed as SL moves.
Six order buttons	Send a market, limit, or stop order when its setup is valid.
Trade selector, Focus	Choose and highlight a trade on the current symbol.
BE Lev, BE, + / −	Project, apply, or remove the break-even level.
Part 1–3, PRICES, PERC%	Set up three price-based partial closes.
Part Close %, Close xx%	Close part of a position immediately.
CLOSE POSITION / DELETE ORDER	Exit a position or cancel a pending order.

Input settings

General and risk

Input	Default	What it controls
Trade Comment	`TME`	Comment attached to orders from the panel.
Magic Number	`1`	Identifier used for the panel's trades.
Default Risk Choice	Risk Percentage	Percentage, money amount, or fixed volume in the main risk field.
Default Risk Value	`2.0`	Starting risk value; in percentage mode this means 2%.
Risk % From	Balance	Balance, Equity, or Free Margin as the percentage base.
Default risk to reward	`2.0`	Initial TP distance relative to Entry–SL distance.

The inputs panel also has License and Email fields and a Save License Info option. Use the license details issued with your copy of the product.

Trade management

Input	Default	What it controls
Default SL Type	High/Low of X candles	Initial SL from candle highs/lows or a fixed point distance.
X Candles, or X Points value	`20`	Candle count or point distance for the initial SL.
BE Trigger level	`500`	Starting break-even trigger in points.
BE Buffer to cover commission	`10`	Point buffer beyond entry when applying BE.
Default % of Close Action	`50`	Starting percentage for the immediate partial-close button.
Trade Focus Mode	`false`	Start with Focus mode enabled.
Show Pip Counter	`true`	Show live per-trade and total pip counters.
Use Rogue SL	`false`	Advanced Bid-price evaluation for partial triggers; leave off unless needed for your feed.

Lines and display

Input	Default	What it controls
Entry Price Line	Blue	Entry line colour.
TP Line / SL Line	Green / Red	Main target and stop colours.
TP1 / TP2 / TP3 Line	DodgerBlue / DeepSkyBlue / Aqua	Partial-target colours.
BE Line	LimeGreen	Break-even line colour.
Profit Points / Loss Points	Blue / OrangeRed	Pip-counter colours.
Show Alert message on market execution	`true`	Confirm a market order when calculated and shown volumes differ.
Custom Symbol Prefix / Suffix to truncate	Empty	Remove broker-added text from displayed symbol names.

The bundled graphical drawing module may expose additional colour, rectangle, crosshair, and quick-label inputs. Those affect chart drawings rather than order sizing or execution.

Shortcuts

Key	Action
`<` / `>`	Select the previous or next trade.
`L`	Refresh graphical drawings.
`K`	Plot an arrow.
`P`	Plot right-side price tags.
`O`	Toggle the crosshair.
`Shift` + click a line	Draw a straight line.
`Shift` + click a rectangle	Draw an extended rectangle.
`c`, `b`, `f`	Default quick labels: CHOCH, BOS, FVG.

Troubleshooting

Message or symptom	What to check
`Please enable Algo Trading.`	Enable Algo Trading, then reattach the EA.
Order buttons are grey	Arm a new trade and check the Entry, SL, TP, and market-price arrangement.
`Invalid SL and TP levels !`	Put SL and TP on valid sides of Entry for the selected direction.
Lot size changes as you drag a line	Volume is recalculated from risk and Entry-to-SL distance.
`BE can be used for positions`	Select an open position instead of a pending order.
Partial target or percentage error	Enter a positive target price and a percentage from 1 to 100.
`No Trades`	There is no position or order for the chart's current symbol.

The status line at the bottom of the panel reports confirmations and errors. Click it to clear a message. Broker execution errors can also appear there in readable text.

Disclaimer

Trade Manager Expert is a trade management tool. It does not generate trading signals or guarantee profit. Trading leveraged instruments can result in the loss of all invested capital. Test configurations on a demo account first. Past or simulated performance does not predict future results. Read the full Risk Disclosure.