Quantora Trade Manager MT5: Advanced Position Management
Info
The Quantora Trade Manager MT5: Advanced Position Management is a Expert Advisor for MetaTrader 5 that quantora trade manager mt5quantora trade manager mt5 is a free, open-source utility designed to assist traders in automatically managing their existing positions. This tool focuses exclusively on applying professional risk management strategies to open trades; it does not generate trading signals or initiate new trades.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Quantora Trade Manager MT5: Advanced Position Management
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Quantora Trade Manager MT5Quantora Trade Manager MT5 is a free, open-source utility designed to assist traders in automatically managing their existing positions.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Trade Adjustment Panel for MT5 - another powerful expert for MetaTrader 5 traders.
Quantora Trade Manager MT5Quantora Trade Manager MT5 is a free, open-source utility designed to assist traders in automatically managing their existing positions. This tool focuses exclusively on applying professional risk management strategies to open trades; it does not generate trading signals or initiate new trades.
Also recommended: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - similar expert with strong performance on MetaTrader 5.
Key Features
- Automatic Stop Loss management
- Automatic Take Profit management
- Break-Even management
- Trailing Stop functionality
- Daily Profit Target setting
- Daily Loss Protection
- Magic Number filtering
- Support for manually opened trades
- Professional and interactive dashboard
Operational Overview
The utility actively monitors all selected open positions. For any position lacking a Stop Loss or Take Profit, it automatically applies predefined levels. Once a trade reaches a specified profit threshold, the Break-Even and Trailing Stop features engage to manage the position dynamically.
Ideal User Profiles
- Manual Traders
- Scalpers
- Swing Traders
- Users of Existing Expert Advisors
Risk Management Enhancements
This utility provides enhanced risk control capabilities including Auto Stop Loss, Auto Take Profit, Break Even, Trailing Stop, and Daily Protection features, all accessible via an interactive dashboard.
Version 1.02 (Updated 2026)
You may also like: Professional Automatic Trailing Stop Utility for MetaTrader 5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.02"
#property strict
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#include <Trade/Trade.mqh>
enum ENUM_Q_SCOPE
{
Q_CURRENT_SYMBOL=0,
Q_ALL_SYMBOLS=1.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.