Hello Everyone!!! i am confused about spread multiplier and what is that? and whether the commissions would be calculated for breakeven...? Could anyone explain on these?
Hello, rajaguhan437
Many traders adjust their strategies to include fixed stop loss (SL) and take profit (TP) distances, which are often increased by the current spread values. However, manually adjusting these distances for each trade can be time-consuming and tedious.
To simplify this, we’ve introduced a new feature in Trade Manager MT5 that automatically accounts for the spread value when setting the SL and TP distances at the time of placing an order.
In the Trade Manager MT5 configuration, you can set the “Spread Multiplier” field to specify the multiple of the spread value to be included in your SL and TP. For example, by setting the “Spread Multiplier” to 2, your SL and TP distances will be increased by twice the spread value, ensuring more accurate order placements.
Setting the Spread Multiplier to 0 will disable this function, allowing you to maintain your fixed SL and TP distances without any adjustments based on the spread.
This feature streamlines your MT5 trading experience, improving both efficiency and precision when placing orders.
Let’s take an example, we plan to set up a pending order with SL = 50 pips and TP = 50 pips and the current spread is 1.9 pips.
Therefore, when we click to place a pending order, then the program will automatically increase the SL and TP by 2×1.9 pips = 3.8 pips
Note that the Trade Manager MT5 program has also adjusted the trade size to ensure that the set trade risk is not exceeded.
After placing the order, the program will restore the original SL and TP values, maintaining your preferred risk and reward setup.
The functions can be used both when placing market and pending orders.
For the commission part, you can simply set it in our Breakeven feature in Trade Manager MT5. For example: 
Best Regards,
Many traders adjust their strategies to include fixed stop loss (SL) and take profit (TP) distances, which are often increased by the current spread values. However, manually adjusting these distances for each trade can be time-consuming and tedious.
To simplify this, we’ve introduced a new feature in Trade Manager MT5 that automatically accounts for the spread value when setting the SL and TP distances at the time of placing an order.
In the Trade Manager MT5 configuration, you can set the “Spread Multiplier” field to specify the multiple of the spread value to be included in your SL and TP. For example, by setting the “Spread Multiplier” to 2, your SL and TP distances will be increased by twice the spread value, ensuring more accurate order placements.
Setting the Spread Multiplier to 0 will disable this function, allowing you to maintain your fixed SL and TP distances without any adjustments based on the spread.
This feature streamlines your MT5 trading experience, improving both efficiency and precision when placing orders.
Let’s take an example, we plan to set up a pending order with SL = 50 pips and TP = 50 pips and the current spread is 1.9 pips.
Therefore, when we click to place a pending order, then the program will automatically increase the SL and TP by 2×1.9 pips = 3.8 pips
Note that the Trade Manager MT5 program has also adjusted the trade size to ensure that the set trade risk is not exceeded.
After placing the order, the program will restore the original SL and TP values, maintaining your preferred risk and reward setup.
The functions can be used both when placing market and pending orders.
For the commission part, you can simply set it in our Breakeven feature in Trade Manager MT5. For example:
- Activate: 10 pips
- Profit: 0.8 pips
Once the trade reaches 10 pips in profit, the Trade Manager MT5 will automatically move the stop loss (SL) to 0.8 pips to cover the commission, ensuring you break even in your case.
Best Regards,
Hello everyone,
I have Trademanager new. So far everything works pretty good for BE (break even) and TP (Take partial profits)!! Why is the Trademanager still closing my position only at TP3? At TP1 (25% of the intial position size at rr1) and TP2 (25% of the intial position size at rr2) it close the position correctly. But at TP3 it closes not another the set up 25%. It closes the complete position with 50%. Somewhere I have still as mistake in the set up. Would be great if you can support me here. Im not so familiar with MT4 and new at the Trade-Manager.
In Screenshots you can see that there is an addional line which I can move between TP3 & TP4:
Thanks in advance!!
Best regards
S
I have Trademanager new. So far everything works pretty good for BE (break even) and TP (Take partial profits)!! Why is the Trademanager still closing my position only at TP3? At TP1 (25% of the intial position size at rr1) and TP2 (25% of the intial position size at rr2) it close the position correctly. But at TP3 it closes not another the set up 25%. It closes the complete position with 50%. Somewhere I have still as mistake in the set up. Would be great if you can support me here. Im not so familiar with MT4 and new at the Trade-Manager.
In Screenshots you can see that there is an addional line which I can move between TP3 & TP4:
Thanks in advance!!
Best regards
S
Hello, Sebo2407
It appears that your position is closing prematurely before reaching your final Target (TP4). This issue arises because your target is set above TP4. As indicated in the image you've shared, TP4 is situated below the final target, which causes the trade to close before reaching the intended target.
To resolve this, please adjust your final Target (TP) below TP4, ensuring that TP4 is positioned above the final Target. This will allow you to achieve a partial close at TP4 while keeping the trade open until the final Target is reached.
Please refer to the attached image for a clearer demonstration of the adjustments needed. Once the changes are made, you should be able to manage your trade as intended, utilizing the Trade Manager in MT5 for efficient trade handling.
Should you require further assistance with your MT5 trading setup, feel free to reach out.
Best regards,
It appears that your position is closing prematurely before reaching your final Target (TP4). This issue arises because your target is set above TP4. As indicated in the image you've shared, TP4 is situated below the final target, which causes the trade to close before reaching the intended target.
To resolve this, please adjust your final Target (TP) below TP4, ensuring that TP4 is positioned above the final Target. This will allow you to achieve a partial close at TP4 while keeping the trade open until the final Target is reached.
Please refer to the attached image for a clearer demonstration of the adjustments needed. Once the changes are made, you should be able to manage your trade as intended, utilizing the Trade Manager in MT5 for efficient trade handling.
Should you require further assistance with your MT5 trading setup, feel free to reach out.
Best regards,
Hello, 10suited,
Yes, in our Trade Manager MT5, you can set a trailing stop with a moving average either below or above the price via:
MA Price – type of price that will be used to calculate the moving average:
Yes, in our Trade Manager MT5, you can set a trailing stop with a moving average either below or above the price via:
MA Price – type of price that will be used to calculate the moving average:
- CLOSE – close price
- HIGH – maximum price
This feature is part of our advanced MT5 trading tools available through MetaTrader MT5, giving you more control and flexibility in managing trades dynamically.
For your second question, you can use our Limit Pullback feature in the Trade Manager MT5 via MetaTrader MT5.
The solution here is the Limit Pullback Order (LPO). It works in such a way that when a limit order is to be activated, it is changed into a stop order and set from the current price at a distance set in the LPO distance parameter. If the price continues the pullback, the stop order follows the price, keeping the LPO distance constant. When the pullback is completed and the price returns to the current trend, it will activate your stop order and you will get a much better opening price for your MT5 trade.
To activate LPO, expand the “Order Parameters” section in the main panel of the Trade Manager MT5 and check the LPO checkbox.
ATTENTION!
Limit Pullback Orders work only for Virtual Pending Orders, so to enable LPO you must first check the Virtual Pending Orders checkbox in the Trade Manager MT5 interface.
ATTENTION!
Virtual Pending Orders and LPOs require the Trade Manager MT5 to keep running within MetaTrader MT5. When the program is turned off, the order cannot be activated and it can lead to losses on your MT5 trading account. You use this feature at your own risk.
In the text box next to the LPO, specify the distance that the pending stop order should keep from the current price.
Here is how it works: - As long as the price continues to go down, the stop order follows it.
- When it turns up, the stop order will be activated.
- When you activate the LPO function, then place a limit order
When the price reaches the activation level of the limit order…
… the limit order is changed to a stop order at the distance defined in the text box at LPO.
As long as the price continues to go down, the stop order follows it.
When it turns up, the stop order will be activated.
For an active LPO order, you can change the parameters in the order parameters dialog after clicking the gear icon on the order information panel in Trade Manager MT5.
Best Regards,
Hello, StochInTrade yes, it is absolutely possible to execute trades without setting a predefined Take Profit (TP) level while still utilizing the Stop Loss (SL) to manage your risk percentage per trade.
In our Trade Manager for MT4-MT5 you can disable the Take Profit line prior to entering a trade. Please refer to the image below, which demonstrates the correct way to do this. Simply ensure that the TP field is checked with disabled checkmark.
This setup allows the Trade Manager to calculate and apply the appropriate lot size based on your specified risk percentage and stop loss distance, without applying a TP target — ideal for traders who prefer to exit trades based on price action analysis.
Best Regards,
In our Trade Manager for MT4-MT5 you can disable the Take Profit line prior to entering a trade. Please refer to the image below, which demonstrates the correct way to do this. Simply ensure that the TP field is checked with disabled checkmark.
This setup allows the Trade Manager to calculate and apply the appropriate lot size based on your specified risk percentage and stop loss distance, without applying a TP target — ideal for traders who prefer to exit trades based on price action analysis.
Best Regards,
- #460
- May 12, 2025 4:16am May 12, 2025 4:16am
Hi all trades will be closed with the same Magic# and all symbols? all trades will be closed with the same Magic# and defined symbols? or TM close all open trades (manually opened too ) generally? Equity control feature The Equity Control feature is designed to protect your capital – it allows you to set a maximum loss limit or a target profit level, after which all open trades will be automatically closed.
It all depends on the program settings in Trade Manager for MT4 and MT5.
In the panel, under the "Trade Closure by Equity" section, you can define whether this function applies only to the current symbol or to all symbols.
As for the Magic Number, this is also configurable, but in the general settings window of Trade Manager for MT4 and MT5.
You’ll find an option called Only Current Magic No.:
- If set to True, the profit calculation and trade closures are performed only for positions matching the currently set Magic Number in the Trade Manager.
- If set to False, all trades are considered, regardless of their Magic Number — including manually opened trades and those placed via MT4 or MT5 mobile apps.
I hope everything is clear now. This will also be clarified further in the user manual.