trade pilot: advanced order management for metatrader
Info
The trade pilot: advanced order management for metatrader is a Expert Advisor for MetaTrader 5 that trade pilot — revolutionizing order managementmetatrader's default order management tools are outdated, requiring manual intervention for every step of the trading process. trade pilot offers a comprehensive solution, streamlining order management into a single panel.
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 pilot: advanced order management for metatrader
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trade pilot — revolutionizing order managementmetatrader's default order management tools are outdated, requiring manual intervention for every step of the trading process.
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: T5Copier - MT 5 client to client Local trade copier - another powerful expert for MetaTrader 5 traders.
trade pilot — revolutionizing order managementAlso recommended: V1N1 LONNY MT5: Asian Range Breakout Day Trader - similar expert with strong performance on MetaTrader 5.
metatrader's default order management tools are outdated, requiring manual intervention for every step of the trading process.
trade pilot offers a comprehensive solution, streamlining order management into a single panel.
the problem
manual order management challenges:
- lot size calculation based on risk
- precise sl placement
- monitoring and partial closing at tp1, tp2, and tp3
- moving sl to breakeven
- managing tp2 and tp3
trade pilot's solution:
feature 1: one-click trading with auto lot
simplify trading with one click. trade pilot:
- calculates lot size based on risk settings
- sets sl and tp at the furthest tp level
- registers position for multi-tp tracking
- displays calculated lot and risk in real-time
feature 2: multi-tp partial close system
define up to 3 tp levels with individual close percentages:
tp1 (default 150 pts, close 40%)
tp2 (default 300 pts, close 30%)
tp3 (default 500 pts, close 100%)
trade pilot automatically manages partial closes at each tp level.
feature 3: smart trailing stop
choose from 4 trailing modes:
fixed points
atr-based
previous candle
none
all modes include a minimum step to prevent excessive sl adjustments.
feature 4: automatic breakeven
trade pilot moves sl to breakeven when a position reaches the profit threshold. manually force breakeven on all profitable positions with one click.
feature 5: one-click pending orders
place pending orders with one click. sl and tp are automatically calculated.
feature 6: position management buttons
quickly manage positions:
close all
close buy / close sell
del pending
set b/e
feature 7: live dashboard
monitor essential trading data:
- calculated lot size and risk
- spread status
- open positions and lot exposure
- floating p&l
- multi-tp tracker
- trailing stop mode and atr
- breakeven status
installation and parameters
download and compile the .mq5 file. place it in mql5/experts/ and attach it to a chart with autotrading enabled.
configure risk parameters and start trading.
important notes
- trade pilot manages positions with the configured magic number.
- ensure sufficient lot size for multi-tp partials.
- test settings on demo accounts before live trading.
- combine with risk guardian for enhanced account protection.
compatibility
metatrader 5, all brokers (hedging accounts preferred)
forex, gold, indices, crypto
all timeframes
exmachina trading systems: precision-driven trading solutions.
You may also like: ks q command center: remote trade management for metatrader 5 - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.30"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#property description "This code is provided AS IS and intended for educational purposes only. Professional trading EAs and indicators - robotfx www.robotfx.org"
#include <trade/trade.mqh>
#include <trade/positioninfo.mqh>
#include <trade/accountinfo.mqh>.......
⚠ 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.