MT4 / MT5 Trade Manager

Thanks to all who have taken the time to reply to this thread. I think the consensus seems to be that their isn't really a need for something like this at the moment so I will put it on the backburner for the time being. If it looks like a need develops for it in the future then I will dust off the cobwebs then.

Thanks again to all.

If anyone still might be interesting in pursuing this privately then just send me a PM

Dear Skinner36,
Just read your posting on the EA. It look great and download it.

Probably I missed somewhere along the forum. In basket trading how can I set my Basket TP, Basket TP % Basket SL, Basket SL%.

Glad you post and share the EA.

Regard

Ctnie

Hi,

Over the weekend I will post a newer version of the EA. There have been a few changes since I posted the last EA so I will also post how to use the SL and TP with baskets along with it.

Attached is a picture of the MM tab

Hi,

Attached to post 1 is version 0.90 of the trade manager. To answer ctnie2145's question about using TP and SL. It is an extract from the documentation that I am writing

An extract from version 0.90 of the user documentation

Stops on Baskets
A basket is a user-defined group of open trades (created and populated on the Baskets tab, via the Add/Remove buttons after ticking rows in the Trades table). Applying a Stop to a basket is fundamentally different from applying one to an individual trade — it's worth calling out clearly in the doc.
Individual trade vs. basket: the key difference

1. Single trade Apply writes a real broker-side SL/TP onto that order (OrderModify/PositionModify) and arms a per-trade trailing stop that ratchets the broker stop.
2. Basket Apply does not touch any order's broker-side SL/TP. Instead it arms a virtual, EA-side monitor over the basket's combined profit (in account currency, summed across every trade currently in the basket). When a threshold is breached, the EA closes every trade in the basket at market in one action. This means:
   1. The basket only protects the account while the EA/terminal is running with Auto Trading enabled — there is no broker-side stop sitting on the trades.
   2. Individual trades in the basket can still show no visible SL/TP in the terminal; the protection is happening inside the EA.

How to apply Stops to a basket

1. Select the Baskets tab.
2. Highlight the basket you want to protect in the baskets table.
3. On the Money Management panel, choose the unit — Pips or Currency (account currency) — and enter/enable whichever rows you need:
   1. SL — combined loss at which the whole basket is closed.
   2. TP — combined profit at which the whole basket is closed.
   3. TS (trailing stop) — closes the basket once combined profit falls back by this distance from its best-ever point.
   4. Step — minimum move required before the trailing stop is allowed to ratchet again (only relevant when TS is enabled).

4. Click Apply Stops. A confirmation dialog summarizes the basket, its trade count, and the enabled rows/values — confirm to arm it.

Unit conversion for baskets

1. In Currency mode, the value you enter is used directly as the account-currency threshold.
2. In Pips mode, the pip value is converted to a currency threshold at Apply time by summing each order's per-pip dollar value across every trade currently in the basket (so it reflects the basket's actual composition and lot sizes at that moment, not a generic "average pip").
3. Either way, the basket's armed thresholds are always evaluated in account currency.

How triggering works

1. SL: closes the basket when combined profit ≤ −SL threshold.
2. TP: closes the basket when combined profit ≥ TP threshold.
3. TS: tracks the basket's peak combined profit since Apply; once profit has been positive at least once, the basket closes if profit drops to (peak − TS distance).
4. When triggered, the EA attempts to close every trade in the basket at market. If any individual close is rejected by the broker, the basket stays armed (not disarmed) so the remaining trade(s) are retried on the next tick — it won't silently give up half-closed.

Things worth noting in the doc

1. Thresholds are fixed at Apply time. If you add or remove trades from an already-armed basket, the SL/TP/TS dollar thresholds stay whatever they were when you last clicked Apply Stops — only the basket's live combined-profit figure changes with membership. Click Apply Stops again after changing membership if you want the thresholds recalculated against the new set of trades.
2. Deleting a basket (the Remove/basket-delete action) only un-groups the trades — it does not close them; they revert to "no basket" and stay open.
3. Closing a basket's trades directly (via the Baskets tab's Close action) closes every trade in it at market immediately, independent of any armed SL/TP/TS.
4. Basket-armed state (which rows are enabled, their thresholds, and the running peak-profit for trailing) is persisted to disk, so it survives an EA reattach/restart without needing to re-Apply.

Thanks,
John

These are screenshots of areas mentioned in the above documentation if you haven't loaded the EA

Baskets Tab


Money Management tab (panel)

Main Window
The Basket column of the open trade indicates the basket that that trade is in if it has been assigned to one