Business & Investment

Manual Trade Panel EA MT4/5 Installation & User Guide – Other – 19 October 2021

✔️ Manual Trade Panel EA MT4©: https://www.mql5.com/en/market/product/72964

✔️ Manual Trade Panel EA MT5©: https://www.mql5.com/en/market/product/72965

Manual Trade Panel EA MT4/5 Description

Manual Trade Panel EA MT4 is an innovative solution for any Beginner or Expert Trader! Manual Trade Panel EA MT4 is the most straightforward and easy to use trade panel you can find for MT4. It has all its options and functions in one surface, without the need of opening additional windows or panels. It is an order management, risk calculator, partial closure and account protector utility all in one extremely convenient to use interface!

By using Manual Trade Panel EA MT4 you can trade many times faster and more accurate than traditional manual trading methods and that gives you more time and a clearer mind to concentrate on your trading decisions.

Account preservation is our top priority, so Manual Trade Panel EA MT4 is also a great account protection utility, that can close all open trades, delete all pending orders and close all terminal charts with any EAs attached on them, after account take profit or stop loss equity has been reached. This can be extremely convenient in profit conditions and save your trading account from further losses, when your equity drops below your desired stop loss level.

Features

  • Intuitive, extremely easy and straightforward interface without complicated extra windows or screens
  • Works smoothly on any symbol/instrument, account type or broker
  • 3 precise lot size options, risk % of balance, risk in money and fixed lot size
  • Opening of market trades and placement of pending orders in one click
  • Spread monitor of current symbol on chart, between sell/buy by market buttons
  • Maximum spread and slippage options for avoiding extreme market conditions
  • Take profit, stop loss, break even and trailing stop loss options in points
  • Virtual take profit and stop loss option for hidden levels from your broker and the market
  • Trade comment option, customizable for every individual trade
  • Option for deleting/closing/partially closing all orders/trades of the EA or entire account from one chart
  • Option for excluding certain magic number trades from EA’s management
  • Closing of positions by order type, pending sell, pending buy, all sell, all buy, all in loss, all in profit, all open trades
  • Partial closure of all open trades or any individual trade by trade ticket of the EA or entire account, in percentage % value
  • Account protection option that closes all orders/trades when account take profit or stop loss equity is reached
  • Option for closing all charts with any EAs attached on them, after account TP/SL equity is reached
  • 10000 Activations to use and enjoy your product forever

Manual Trade Panel EA MT4/5 Installation

In order to buy Manual Trade Panel EA MT4/5 from MQL5.com Market you need to have a MQL5 community account. If you don’t have one, you can register here: https://www.mql5.com/en/auth_register

1. First make sure that you have the necessary funds required for your purchase in your MQL5 account, it’s always easier to pay with your MQL5 balance, than using a credit card during the buying procedure. 

2. Find Manual Trade Panel EA MT4/5 in the MQL5.com website and open its product page. 

3. Click the Buy or Rent button to continue with your purchase.

4. Choose the payment method and click the green Next button to continue with your payment.

5. After your payment is completed, you will need to open your MT4/5 terminal in order to download and install your Manual Trade Panel EA MT4/5. 

6. When you open your MT4/5 terminal, you must make sure that you are logged into your MQL5 account with your MQL5 account login and NOT with your email, Facebook or any other. For example my login is the last part of my profile url, in my case: eleanna74, the last part of: https://www.mql5.com/en/users/eleanna74

7. So, open the MT4/5 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.

8. Then go down in the Terminal window and click the Market tab (in the bottom right side of the Toolbox window in MT5). On the left side of the Market tab (upper side on the Market window in MT5), click the Purchased option and then click the blue Install button on the right side of the product you’ve just purchased.

9. After you’ve finished setting up your notification details, you may want to trade with your Manual Trade Panel EA MT4/5. So, open any chart of any symbol at any timeframe and then from the left side of your MT4/5 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it).

13. The Expert Advisor’s settings window will open. In the MT4 terminal you click the Allow live trading option and the Allow modification of Signals settings on the Common tab and click OK. In the MT5 terminal you tick the Allow modification of Signals settings and the Allow Algo Trading options and click OK.

14. Then you go onto the Inputs tab and adjust the Expert Advisor’s settings according to your requirements. After you’ve finished adjusting your settings, click the OK button.

A detailed description of all Manual Trade Panel EA MT4/5 settings follows below in this article.

15. After you’ve closed the Expert Advisor’s window, you will see that there is a sad face (or a red sign in MT5) on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto (Algo) Trading button and instantly the sad face will smile (the red sign will turn green in MT5). Now your Manual Trade Panel EA MT4/5 is working.

Manual Trade Panel EA MT4/5 Panel User Guide

1. Closes the entire Manual Trade Panel EA MT4/5 panel and remove the EA from the chart.

2. Minimizes the Manual Trade Panel EA MT4/5 panel.

3. The symbol/chart the Manual Trade Panel EA MT4/5 panel is trading/attached on.

4. Manual Trade Panel EA MT4/5 on panel name.

5. Risk as % of account balance. When it is selected, the desired percentage in the field on the right will be the percentage of account’s balance that will be risked in every trade. This is calculated only when a Stop Loss in Points value has been added below, otherwise a risk calculation cannot be performed. For example if you put 2 in this field, every trade that will opened afterwards it will lose 2% of your account’s balance when the stop loss level is reached. When this option is ticked on the left, the other 2 lot size/risk options are disabled.

6. Risk in account’s currency money. When it is selected, the desired amount in the field on the right will be the amount in account’s currency that will be risked in every trade. This is calculated only when a Stop Loss in Points value has been added below, otherwise a risk calculation cannot be performed. For example if you put 100 in this field and your account’s currency is USD, every trade that will opened afterwards it will lose $100 of your account’s balance when the stop loss level is reached. When this option is ticked on the left, the other 2 lot size/risk options are disabled.

7. Fixed lot size. When it is selected, the desired number in the field on the right will be the fixed lot size of every new trade. For example if you put 0.14 in this field, every trade that will opened afterwards it will have a 0.14 lot size. When this option is ticked on the left, the other 2 lot size/risk options are disabled.

8. The stop loss level in points for every new opened/placed market/pending trade/order. 1 pips is 10 points, so for example the difference between 1.15600 and 1.15650 is 50 points. For example if your sell trade’s opening price is 1.15600 and you want your stop loss level to be 1.15650 you should put 50 in the Stop Loss in Points field. If you want your trades to have a virtual/hidden stop loss level, in order this level not to be visible to your broker and the market, you should put the Virtual/Hidden TP/SL option in the inside Manual Trade Panel EA MT4/5 settings to true (see detailed explanation in the EA’s inside inputs/settings guide below).

9. The take profit level in points for every new opened/placed market/pending trade/order. 1 pips is 10 points, so for example the difference between 1.15600 and 1.15650 is 50 points. For example if your buy trade’s opening price is 1.15600 and you want your take profit level to be 1.15650 you should put 50 in the Take Profit in Points field. If you want your trades to have a virtual/hidden stop take profit, in order this level not to be visible to your broker and the market, you should put the Virtual/Hidden TP/SL option in the inside Manual Trade Panel EA MT4/5 settings to true (see detailed explanation in the EA’s inside inputs/settings guide below).

10. The break even level in points for every new opened/placed market/pending trade/order. 1 pips is 10 points, so for example the difference between 1.15600 and 1.15650 is 50 points. For example if you put 50 in this field and your buy trade’s opening price is 1.15600, the EA will move the stop loss level to break even, when the price reaches a 50 points profit, at 1.15650. If you want your trades to have a virtual/hidden break even level, in order the moved stop loss level not to be visible to your broker and the market, you should put the Virtual/Hidden TP/SL option in the inside Manual Trade Panel EA MT4/5 settings to true (see detailed explanation in the EA’s inside inputs/settings guide below).

11. The trailing start level in points for every new opened/placed market/pending trade/order. 1 pips is 10 points, so for example the difference between 1.15600 and 1.15650 is 50 points. For example if you put 50 in this field and your buy trade’s opening price is 1.15600, the EA will start trailing the stop loss level when the price reaches a 50 points profit, at 1.15650. If you want your trades to have a virtual/hidden trailing start level, in order the stop loss level not to be visible to your broker and the market, you should put the Virtual/Hidden TP/SL option in the inside Manual Trade Panel EA MT4/5 settings to true (see detailed explanation in the EA’s inside inputs/settings guide below).

12. The trailing stop level in points for every new opened/placed market/pending trade/order. 1 pips is 10 points, so for example the difference between 1.15600 and 1.15650 is 50 points. For example if you put 50 in this field and your buy trade’s opening price is 1.15600, when the price reaches a 50 points profit, at 1.15650 (trailing start level) the EA will move the stop loss level 50 points back, at 1.15600. If you want your trades to have a virtual/hidden trailing stop level, in order the stop loss level not to be visible to your broker and the market, you should put the Virtual/Hidden TP/SL option in the inside Manual Trade Panel EA MT4/5 settings to true (see detailed explanation in the EA’s inside inputs/settings guide below).

13. The trailing step level in points for every new opened/placed market/pending trade/order. 1 pips is 10 points, so for example the difference between 1.15600 and 1.15650 is 50 points. For example if you put 10 in this field the EA will move the trailing stop loss level in steps of 10 points, for example if the initial trailing stop loss was placed at 1.15600, the next level will be 1.15610, then 1.15620 and so on. If you want your trades to have a virtual/hidden trailing step level, in order the stop loss level not to be visible to your broker and the market, you should put the Virtual/Hidden TP/SL option in the inside Manual Trade Panel EA MT4/5 settings to true (see detailed explanation in the EA’s inside inputs/settings guide below).

14. Trade comment field. You can put in the trade comment field on the right, the comment that your future orders/trades will have. This can be changed for every new order/trade individually before its placement/opening.

15. Sell by market button. By clicking this button you can place a sell trade at the current market price for the symbol/instrument the EA is attached onto. This symbol is visible on the top of the panel (see number 3 above).

16. Sell Stop button. By clicking this button you can place a Sell Stop pending order for the symbol/instrument the EA is attached onto, at a price below the current market price, you must put in the Pending Order Price field (see number 30).

17. Sell Limit button. By clicking this button you can place a Sell Limit pending order for the symbol/instrument the EA is attached onto, at a price above the current market price, you must put in the Pending Order Price field (see number 30).

18. Close All Pending Sell button. By clicking this button the EA will delete/remove all Pending Sell orders. These could be the Sell Pending orders opened by the EA on that chart only, all the Sell Pending order opened by the EA on all symbols/charts or all the Sell Pending orders that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

19. Close All Open Sell button. By clicking this button the EA will close all open/running Sell trades. These could be the open/running Sell trades opened by the EA on that chart only, all the open/running Sell trades opened by the EA on all symbols/charts or all the open/running Sell trades that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

20. Close All in Loss button. By clicking this button the EA will close all open/running trades that are in floating loss. These could be the open/running trades that are in floating loss opened by the EA on that chart only, all the open/running trades that are in floating loss opened by the EA on all symbols/charts or all the open/running trades that are in floating loss that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

21. Close Partially button. By clicking this button the EA will close the percentage part that you’ve put in the Partial Closure % field above (see number 24) of the lot size of open/running trades. These could be the open/running trades opened by the EA on that chart only, all the open/running trades opened by the EA on all symbols/charts or all the open/running trades that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

22. Close All Open Trades button. By clicking this button the EA will close all open/running trades. These could be the open/running trades opened by the EA on that chart only, all the open/running trades opened by the EA on all symbols/charts or all the open/running trades that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

23. Partial Closure Ticket number field. Here you can put the ticket number of the open/running trade you want to close Partially, using the Close Partially button (21). This could be an open/running trade opened by the EA on that chart only, an open/running trade opened by the EA on another symbol/chart or an open/running trade that is present on the trading account from another source, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

24. Partial Closure Percentage % number field. Here you can put the lot size percentage % that you want to Close Partially, using the Close Partially button (21). For example if you put 10 here and the Ticket number field below is empty, the Close Partially button will close partially by 10% all the open/running trades opened by the EA on that chart only, an open/running trade opened by the EA on another symbol/chart or an open/running trade that is present on the trading account from another source, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below). If you put 10 in this field and you have typed a Partial Closure Ticket number below also, the EA will close partially by 10% only the specific trade with the trade ticket you’ve put. All partial close percentages % are rounded down and not up, that means that if you close partially by 33% a 0.03 trade, nothing will happen, but if you put a 34% partial closure percentage, 0.01 will be closed, leaving a 0.02 running.

25. Close All in Profit button. By clicking this button the EA will close all open/running trades that are in floating profit. These could be the open/running trades that are in floating loss opened by the EA on that chart only, all the open/running trades that are in floating loss opened by the EA on all symbols/charts or all the open/running trades that are in floating loss that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

26. Close All Open Buy button. By clicking this button the EA will close all open/running Buy trades. These could be the open/running Sell trades opened by the EA on that chart only, all the open/running Sell trades opened by the EA on all symbols/charts or all the open/running Sell trades that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

27. Close All Pending Buy button. By clicking this button the EA will delete/remove all Pending Buy orders. These could be the Sell Pending orders opened by the EA on that chart only, all the Sell Pending order opened by the EA on all symbols/charts or all the Sell Pending orders that are present on the trading account from all sources, according to your preference of the inside EA settings: Manage Own Trades=true/false and Manage All Account Trades=true/false (see detailed explanation in the EA’s inside inputs/settings guide below).

28. Buy Limit button. By clicking this button you can place a Buy Limit pending order for the symbol/instrument the EA is attached onto, at a price below the current market price, you must put in the Pending Order Price field (see number 30).

29. Buy Stop button. By clicking this button you can place a Buy Stop pending order for the symbol/instrument the EA is attached onto, at a price above the current market price, you must put in the Pending Order Price field (see number 30).

30. Pending Order Price field. Here you put the desired price level for your pending orders in order to place them.

31. Buy by market button. By clicking this button you can place a buy trade at the current market price for the symbol/instrument the EA is attached onto. This symbol is visible on the top of the panel (see number 3 above).

32. Current symbol’s spread monitor. Here you can monitor the live spread (difference between bid/ask price) of the symbol/instrument the EA is attached onto. This symbol is visible on the top of the panel (see number 3 above).

Extra Pending order Buttons for MT5

The MT5 version of Manual Trade Panel EA, has 2 extra pending order buttons, as the MT5 platform, offers 2 additional pending order options, the Sell Stop Limit and the Buy Stop Limit orders.

33. Sell Stop Limit button. By clicking this button you can place a Sell Stop Limit pending order for the symbol/instrument the EA is attached onto. A Sell Stop Limit pending order is a Sell Stop order in order to place a Sell Limit order, that means that you will need to put 2 prices for this order to be placed. First you need to put the Stop level below the current market price in the left field (35) next to Pending Price label and then the Sell Limit level, higher than the Stop level you’ve put earlier, in the Stop Limit price field (36) on the right.

34. Buy Stop Limit button. By clicking this button you can place a Buy Stop Limit pending order for the symbol/instrument the EA is attached onto. A Buy Stop Limit pending order is a Buy Stop order in order to place a Buy Limit order, that means that you will need to put 2 prices for this order to be placed. First you need to put the Stop level above the current market price in the left field (35) next to Pending Price label and then the Buy Limit level, lower than the Stop level you’ve put earlier, in the Stop Limit price field (36) on the right.

35. Stop level field for Sell Stop Limit and Buy Stop Limit pending orders.

36. Stop Limit price field for Sell Stop Limit and Buy Stop Limit pending orders.

You can study the  Sell Stop Limit and Buy Stop Limit pending orders in the image below and read more about them here.

Read more: MT5 Pending Orders Explained

Manual Trade Panel EA MT4/5 inside Inputs/Settings Guide

  • Manage Own Trades: True/false of the option to delete/partial close/close all orders/trades opened by Manual Trade Panel EA MT4/5 in all symbols/charts that is attached onto. Magic Number must be the same for all symbols the EA is attached onto, in order the Manage Own Trades=true to work, if it is different trades from other symbols/charts the EA is attached, will be closed only if Manage All Account Trades is true below.
  • Manage All Account Trades: True/false of the option to delete/partial close/close all orders/trades present on the trading account, those opened by Manual Trade Panel EA MT4/5, those opened by other EAs, copied from signal subscriptions or manual trade.
  • Magic Numbers Not to Manage: Magic numbers separated by comma, that will not be deleted/partially closed/closed when Manage All Account Trades is true. With this setting you can exclude certain magic number trades of an EA or some other course from management.
  • Virtual/Hidden SL/TP: True/false of the option to use virtual/hidden stop loss, take profit, break even and trailing stop loss levels for any opened orders/trades by the Manual Trade Panel EA MT4/5. When you use virtual levels, these are not visible to your broker and the market.
  • Magic Number: The magic number the EA applies to its own opened trades.
  • Maximum Spread in Points: The maximum allowed spread in points, that the EA will accept when opening new trades.
  • Maximum Slippage in Points: The maximum allowed slippage in points, that the EA will accept when opening new trades.
  • Use Account Protection: True/false of the option to use the Account protection option for your entire trading account. When this is true, the EA will close all open trades and delete all pending orders in the account if the Account Take Profit or Account Stop Loss Equity is reached below. If the Close All Charts After TP/SL Equity setting below is also true, the EA will close all charts except the one is attached onto and will remove all other attached EAs, making sure that you keep your profits if Take Profit Equity was triggered or protect you from further losses if Stop Loss Equity was triggered.
  • Account Take Profit Equity:  The account equity level, over which the Account Protection above and the Close All Charts below will be triggered. 
  • Account Stop Loss Equity: The account equity level, under which the Account Protection above and the Close All Charts below will be triggered. 
  • Close All Charts After TP/SL Equity: True/false of the option to close all charts except the one the EA is attached onto and remove all other attached EAs, making sure that you keep your profits if Take Profit Equity was triggered or protect you from further losses if Stop Loss Equity was triggered.

✔️ Manual Trade Panel EA MT4©: https://www.mql5.com/en/market/product/72964

✔️ Manual Trade Panel EA MT5©: https://www.mql5.com/en/market/product/72965

Manual Trade Panel EA MT4/5 Installation & User Guide – Other – 19 October 2021
https://www.mql5.com/en/blogs/post/746272 Manual Trade Panel EA MT4/5 Installation & User Guide – Other – 19 October 2021

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