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Key Features of Entry TP & SL Time Trader Manager in MT4
- Category: Trading Assist MT4 Indicators
- Platform: MetaTrader 4
- Skill Level: Elementary
- Timeframes Supported: Multi-Timeframe Compatibility
- Supported Markets:
- Forex
- Cryptocurrency
- Stocks
Main Functionalities
Developed by Trading Finder, this expert advisor features a user-friendly interface with side-panel tools for defining trade parameters. A dynamic vertical timeline appears on the chart, allowing traders to select the precise moment for execution. The trade is initiated automatically when both time and price conditions are satisfied.
How to Configure the EA
Initial Setup Instructions
Before activating the EA, perform the following configuration:
- Enable "Allow DLL imports"
- Enable "Allow imports of external experts"
- Enable "Allow live trading"
Once configured, click OK to initialize the expert advisor.
Steps to Activate Trade Entry
#1 Initiate Entry Setup
- Click the "Open" button on the left side of the chart to activate the entry configuration process.
#2 Define Trade Type and Volume
- From the right panel, click "Open" to launch a popup window.
- Select either Buy or Sell and enter the lot size.
- Press Confirm to apply the settings.
#3 Set Execution Time
- Upon confirmation, a green dashed vertical line appears on the chart.
- Drag this line forward along the chart to indicate the intended execution time.
#4 Execution Conditions
The EA executes the order when both conditions below are fulfilled:
- The market time has passed the green timeline.
- The market price reaches the user-defined entry level.
Note: All logs and alerts related to the EA's activity are available in the “Expert” tab under the “Toolbox” section.
Trade Exit Management
The Entry TP & SL Time Trader Manager facilitates automatic, timed exits with customizable volume control.
#1 Launch the Close Panel
- Click "Close" from the left-side menu to activate the exit panel on the right.
#2 Select Exit Type
Choose one of the filters from the top row to define which trades to close:
- L (Loss): Close losing positions only
- P (Profit): Close profitable positions only
- P&L: Close all positions regardless of outcome
#3 Set Exit Volume
Choose the portion of the position to be closed:
- 25% – Close one-quarter of the position
- 50% – Close half of the position
- 100% – Close the full position
#4 Schedule Exit Time
- A red dashed vertical line appears on the chart.
- Move this line to the candle representing the desired exit time.
#5 Finalize Exit
- Press Confirm to lock in the trade exit schedule.
- At the designated time, if the price conditions are met, the EA will automatically execute the partial or full closure of the position.
Conclusion
The Entry TP & SL Time Trader Manager for MetaTrader 4 delivers a powerful solution for time-based trading and order automation. By combining scheduled execution, volume control, and price-based triggers, this expert advisor supports efficient trading across Forex, Crypto, and Stock markets. Designed for clarity and precision, it empowers traders to implement structured strategies with minimal manual intervention.