Trade Adjustment Panel
Info
The Trade Adjustment Panel is a Expert Advisor for MetaTrader 5 that trade adjustment panel is an on-chart position management utility for metatrader 5 designed to modify active market positions. The EA acts strictly as a post-execution management tool for manual trades or orders opened by other Expert Advisors.
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 Trade Adjustment Panel
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
Trade Adjustment Panel is an on-chart position management utility for MetaTrader 5 designed to modify active market 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: Quantora Trade Manager MT5: Advanced Position Management - another powerful expert for MetaTrader 5 traders.
Trade Adjustment Panel is an on-chart position management utility for MetaTrader 5 designed to modify active market positions. The EA acts strictly as a post-execution management tool for manual trades or orders opened by other Expert Advisors. It does not contain entry logic, signal generation, or order placement algorithms.
Also recommended: Professional Automatic Trailing Stop Utility for MetaTrader 5 - similar expert with strong performance on MetaTrader 5.
Functional Overview:
1. Stop Loss Management
- Break-Even: Adjusts Stop Loss to the order open price.
- Break-Even Offset: Adjusts Stop Loss to the open price plus or minus a user-defined point offset.
- Profit Locking: Secures a specified point distance in profit by adjusting the Stop Loss level.
- Trailing Stop: Updates the Stop Loss dynamically relative to current market price based on a set point distance.
2. Take Profit Calculations
- Risk:Reward Targets: Calculates Take Profit distances automatically using 1R, 2R, or 3R multiples. Calculations are derived directly from the initial distance between the entry price and the active Stop Loss.
3. Volume Management & Partial Closures
- Preset Volume Modification: Closes 25%, 50%, 75%, or 100% of open volume.
- Validation Protocol: Checks position volume against broker specifications (SYMBOL_VOLUME_MIN and SYMBOL_VOLUME_STEP) prior to sending modification requests to avoid order execution errors.
4. Execution Filters
- Symbol Selection: Applies actions to the current chart symbol only or across all active chart symbols in the terminal.
- Direction Selection: Filters actions by order type (Buy positions only, Sell positions only, or both directions simultaneously).
5. Graphical Interface & Safety Controls
- On-Chart GUI: Built using native MQL5 object classes. Features window relocation capabilities, panel minimization to a title bar, and a close button that deletes interface objects and issues an ExpertRemove() call.
You may also like: Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#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_SYMBOL_FILTER
{
FILTER_CURRENT_SYMBOL,
FILTER_ALL_SYMBOLS
};.......
⚠ 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.