Hi everyone,
I wanted to share a utility I’ve been developing for MT5 called Nexus Chart Trader Pro.
I built this because I needed more control over my order execution and better situational awareness than what the standard MT5 panel offers. I wanted something compact that handles the heavy lifting of trade management automatically while giving me precise entry options.
Here is a breakdown of how it works:
1. Precision Execution (Bid/Ask)
This is for traders who prefer Limit orders over Market orders to save on spread.
Next to the Buy/Sell buttons, I added a dropdown menu (similar to NinjaTrader).
Important Note on Setup
Even though this is a manual trading panel, it is technically built as an Expert Advisor (.ex5).
For the buttons to execute trades, you must have "Algo Trading" enabled in your MT5 terminal toolbar. Also, please check that your broker supports automated trading on your specific account type.
I’d love to hear your feedback or if you have any questions on the setup.
Download / Link:
https://www.mql5.com/en/market/product/161066
I wanted to share a utility I’ve been developing for MT5 called Nexus Chart Trader Pro.
I built this because I needed more control over my order execution and better situational awareness than what the standard MT5 panel offers. I wanted something compact that handles the heavy lifting of trade management automatically while giving me precise entry options.
Here is a breakdown of how it works:
1. Precision Execution (Bid/Ask)
This is for traders who prefer Limit orders over Market orders to save on spread.
Next to the Buy/Sell buttons, I added a dropdown menu (similar to NinjaTrader).
- Standard: Click to buy/sell at Market.
- Bid/Ask Mode: You can instantly place a Limit Order at the Best Bid or Best Ask. This allows you to join the liquidity rather than crossing the spread, without manually dragging lines from the toolbox.
2. The "Smart" Cancel Logic
I designed the Cancel/Close workflow to be context-aware so you don't need multiple buttons for different scenarios. Here is specifically how it works:
- Scenario A (Pending Orders): If you have pending Limit or Stop orders waiting to be filled, clicking "Cancel Pending" deletes them immediately to clear your book.
- Scenario B (Active Positions): If you have no pending orders but you do have an active open trade, clicking the button removes the Stop Loss and Take Profit from the active position. This effectively switches it to a "naked" trade if you decide to manage the breakout manually.
3. Auto-Management
Once you are in a trade, the panel takes over so you don't have to hover over the terminal:
- Auto-Breakeven: Moves your SL to entry automatically once price covers a set distance.
- Auto-Trailing: Trails your stop loss behind price to lock in profits during runs.
4. Dashboard & News Intelligence
The panel includes the essential data I need to see at a glance:
- Live News Panel: Displays upcoming high-impact news. It creates a seamless experience by automatically detecting your local computer time, so you don't have to calculate GMT offsets manually. It filters for future events only.
- Bar Timer: A countdown to the next candle close.
- Live PnL: Real-time floating Profit/Loss display right on the chart.
Even though this is a manual trading panel, it is technically built as an Expert Advisor (.ex5).
For the buttons to execute trades, you must have "Algo Trading" enabled in your MT5 terminal toolbar. Also, please check that your broker supports automated trading on your specific account type.
I’d love to hear your feedback or if you have any questions on the setup.
Download / Link:
https://www.mql5.com/en/market/product/161066