MT_MANAGER by nwf

Professional Position Management Tool for MetaTrader 5
Manage Take Profit, Stop Loss, and monitor all your trades from a single, powerful interface.

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📋 Table of Contents

• Overview
• Features
• Screenshots
• Installation
• Quick Start
• User Interface Guide
• Features Explained
• Configuration
• FAQ
• Troubleshooting
• Roadmap
• Contributing
• License
• Author

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🎯 Overview

MT_MANAGER is a comprehensive Expert Advisor designed for MetaTrader 5 that simplifies position management by allowing traders to:

• Synchronize TP/SL across all open positions with a single click
• Monitor real-time metrics including profit/loss in both USD and pips
• Automate trading tasks like auto-close at specific times and auto-entry after weekends
• Track market timing with candle close countdown and market open/close timers
• View critical information at a glance without cluttering your chart

Perfect for scalpers, day traders, and swing traders who manage multiple positions simultaneously.

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✨ Features

🎛️ Core Position Management

• ✅ Unified TP/SL Setting - Set Take Profit and Stop Loss for all positions on the current symbol at once
• ✅ Interactive Input Boxes - Quick input with visual feedback and Enter key support
• ✅ Auto-Detection - Automatically detects existing TP/SL from open positions on EA startup
• ✅ One-Click Close All - Emergency exit button to close all positions instantly

📊 Real-Time Monitoring

• 📈 Live Profit/Loss Tracking - See estimated profit/loss in account currency (USD/EUR/etc)
• 📊 Pips Calculation - Track profit/loss in pips for better risk assessment
• 💰 Total Position Stats - Monitor total positions count and lot size
• 📡 Spread Display - Real-time spread monitoring in pips
• ⏱️ Candle Countdown - Precise countdown to next candle close (HH:MM:SS)
• 🕒 Market Countdown - See when market closes (Friday) or opens (Monday during weekends)

🤖 Automation Features

• ⏰ Auto Close at Time - Automatically close all positions at a specified time daily
• 🌅 Auto Entry After Weekend - Open positions when market reopens on Monday with predefined parameters
• 🎯 Smart Entry Execution - Waits for price to reach entry level before executing

🎨 User Interface

• 🖥️ Clean Design - Borderless panels with color-coded information
• 📍 Dual Panel Layout - Control panel (left) and info display (right)
• 🎨 Color Coding - Green for profits, red for losses, yellow for alerts
• 📱 Non-Intrusive - Stays out of your way while providing critical info

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📸 Screenshots

Main Interface

┌─────────────────────────┐                    ┌──────────────────────────────┐
│  CONTROL PANEL          │                    │  MT_MANAGER by nwf           │
├─────────────────────────┤                    ├──────────────────────────────┤
│ Input Target TP:        │                    │ Symbol: EURUSD               │
│ [1.09500            ]   │                    │ Timeframe: M15               │
│ [      SET TP       ]   │                    │ Spread: 1.5 pips             │
│                         │                    │ Close Candle: 00:12:45       │
│ Input Target SL:        │                    │ Market Close: 2 hari 8 jam   │
│ [1.08800            ]   │                    │                              │
│ [      SET SL       ]   │                    │ Target TP: 1.09500           │
│                         │                    │ Target SL: 1.08800           │
│ [    CLOSE ALL      ]   │                    │                              │
└─────────────────────────┘                    │ Total Posisi: 3              │
                                               │ Total Lot: 0.15              │
                                               │ Estimasi Profit TP: +375 USD │
                                               │ Estimasi Loss SL: -225 USD   │
                                               │ TP Pips: 50.0 pips           │
                                               │ SL Pips: -30.0 pips          │
                                               └──────────────────────────────┘

Weekend Mode

┌──────────────────────────────┐
│  MT_MANAGER by nwf           │
├──────────────────────────────┤
│ Symbol: GBPUSD               │
│ Timeframe: H1                │
│ Spread: 2.1 pips             │
│ Close Candle: 00:45:23       │
│ Market Opens: 1 hari 8 jam   │ ← Countdown to Monday open!
│                              │
│ Target TP: Belum diset       │
│ Target SL: Belum diset       │
│                              │
│ Total Posisi: 0              │
│ Total Lot: 0.00              │
│ Estimasi Profit TP: -        │
│ Estimasi Loss SL: -          │
│ TP Pips: -                   │
│ SL Pips: -                   │
└──────────────────────────────┘

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📦 Installation

Quick Installation (3 Steps)

1. Download the EA

   👉 DOWNLOAD MT_MANAGER.ex5
   (From GitHub Releases)

2. Copy to MetaTrader 5 folder

   Copy MT_MANAGER.ex5 to:

   C:\Users\[YourUsername]\AppData\Roaming\MetaQuotes\Terminal\[TerminalID]\MQL5\Experts\
   

   Quick way:

   • Open MT5
   • Press Ctrl + Shift + D (Open Data Folder)
   • Navigate to MQL5\Experts\
   • Paste MT_MANAGER.ex5

3. Refresh MT5

   • In MT5, right-click on Navigator → Expert Advisors
   • Click "Refresh"
   • You should see "MT_MANAGER by nwf"

✅ Done! Ready to use.

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🚀 Quick Start

1. Attach EA to Chart

1. Open MetaTrader 5
2. Open a chart (e.g., EURUSD M15)
3. Navigate to Navigator → Expert Advisors
4. Drag MT_MANAGER by nwf onto the chart
5. Click OK in the settings dialog (use defaults for first time)

2. Basic Usage

Setting Take Profit

1. Type target TP price in the input box (e.g., 1.09500)
2. Click SET TP button (or press Enter)
3. All positions on current symbol will have TP set to 1.09500

Setting Stop Loss

1. Type target SL price in the input box (e.g., 1.08800)
2. Click SET SL button (or press Enter)
3. All positions on current symbol will have SL set to 1.08800

Close All Positions

• Click CLOSE ALL button (red)
• All positions on current symbol will close immediately
• Use with caution!

3. Monitor Your Trades

The right panel shows:

• Current profit/loss if TP is reached
• Current loss if SL is reached
• Total pips profit/loss
• Real-time spread
• Time until next candle close
• Time until market close (or opens on weekends)

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🎛️ User Interface Guide

Left Panel: Controls

Element	Description	Action
Input Target TP	Text input box for TP price	Type price + Enter or click SET TP
SET TP Button	Green button	Applies TP to all positions
Input Target SL	Text input box for SL price	Type price + Enter or click SET SL
SET SL Button	Orange-red button	Applies SL to all positions
CLOSE ALL Button	Red button	Closes all positions instantly

Right Panel: Information Display

Field	Description	Color
Symbol	Current trading pair	White
Timeframe	Current chart timeframe	White
Spread	Current spread in pips	Yellow
Close Candle	Countdown to next candle	Yellow (Bold)
Market Close/Opens	Countdown to Friday close or Monday open	Orange
Target TP	Current TP setting	Green
Target SL	Current SL setting	Orange
Total Posisi	Number of open positions	White
Total Lot	Sum of all lot sizes	White
Estimasi Profit TP	Expected profit in USD if TP hits	Green (profit) / Red (loss)
Estimasi Loss SL	Expected loss in USD if SL hits	Red (loss) / Green (profit)
TP Pips	Total profit in pips	Aqua
SL Pips	Total loss in pips	Orange

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🔧 Features Explained

1. Unified TP/SL Management

Problem: Managing TP/SL for multiple positions individually is time-consuming and error-prone.

Solution: MT_MANAGER allows you to set the same TP or SL for all positions on the current symbol with one click.

Example:

You have 5 BUY positions on EURUSD at different prices:
- Position 1: Entry 1.08500
- Position 2: Entry 1.08600
- Position 3: Entry 1.08700

You want all to close at 1.09500:
1. Type 1.09500 in TP input
2. Click SET TP
3. All 5 positions now have TP = 1.09500 ✅

2. Auto-Detection of Existing TP/SL

When EA loads, it scans all open positions and:

• If all positions have the same TP → Auto-fills TP input box
• If all positions have the same SL → Auto-fills SL input box
• If positions have different TP/SL → Leaves inputs empty

Benefit: No need to remember what TP/SL you set before!

3. Profit/Loss Calculation

In Account Currency (USD/EUR/etc)

Estimasi Profit TP: +375 USD

Shows how much money you'll make if all positions hit TP.

In Pips

TP Pips: 50.0 pips

Shows total profit in pips across all positions (industry standard).

Why both?

• USD = Easy to understand for account management
• Pips = Better for analyzing trade quality

4. Real-Time Spread Monitoring

Spread: 1.5 pips

Why it matters:

• High spread = Higher trading cost
• Spreads widen during news → Avoid trading
• Compare brokers by spread

Example:

EURUSD normal spread: 0.8-1.5 pips ✅
EURUSD during NFP news: 5.0-10.0 pips ⚠️ (wait!)

5. Candle Close Countdown

Close Candle: 00:12:45

Use cases:

• Wait for candle close confirmation before entry
• Know when your pending order might trigger
• Time your manual entries better

Format: HH:MM:SS (Hours:Minutes:Seconds)

6. Market Open/Close Countdown

During Trading Week (Monday-Friday):

Market Close: 2 hari 8 jam

Shows time until Friday market close.

During Weekend (Saturday-Sunday):

Market Opens: 1 hari 8 jam 15 mnt

Shows time until Monday market open.

Benefit: Plan your weekend, know when you can trade again!

7. Auto Close at Time ⭐

Purpose: Automatically close all positions at a specific time every day.

Configuration:

EnableAutoClose = true
AutoCloseTime = "23:00"  // 11 PM every day

Use cases:

• Avoid holding positions overnight
• Close before major news events
• Stick to your trading hours discipline

Example:

You trade 09:00-17:00 daily.
Set AutoCloseTime = "17:00"
→ EA closes all positions at 5 PM automatically
→ No stress, no late-night monitoring!

8. Auto Entry After Weekend ⭐

Purpose: Open position automatically when market opens Monday.

Configuration:

EnableAutoEntry = true
EntryType = ORDER_TYPE_BUY  // or ORDER_TYPE_SELL
EntryPrice = 1.09000        // Target entry price
EntryLot = 0.01             // Lot size
EntryTPPips = 30            // TP = 30 pips from entry
EntrySLPips = 20            // SL = 20 pips from entry

How it works:

1. Market opens Monday morning
2. EA waits for price to reach EntryPrice
3. Once price reaches, EA opens position with specified TP/SL
4. Only executes once per Monday

Example:

Friday close: EURUSD = 1.08500
You expect gap up on Monday.

Settings:
- EntryType = BUY
- EntryPrice = 1.09000
- EntryLot = 0.05
- EntryTPPips = 50
- EntrySLPips = 30

Monday open: Price = 1.08900
→ EA waits...

Price hits 1.09000:
→ EA opens BUY 0.05 lot
→ TP = 1.09500 (50 pips)
→ SL = 1.08700 (30 pips)
→ Done! ✅

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⚙️ Configuration

Input Parameters

Basic Settings

input double TargetTP = 0.0;  // Default TP price on startup
input double TargetSL = 0.0;  // Default SL price on startup

Recommended: Leave at 0.0 to let EA auto-detect from existing positions.

Auto Close Settings

input group "=== AUTO CLOSE AT TIME ==="
input bool EnableAutoClose = false;     // Enable Auto Close (default: OFF)
input string AutoCloseTime = "23:00";   // Close Time (HH:MM)

Example configurations:

Trading Style	Setting	Reason
Day Trader	EnableAutoClose = true AutoCloseTime = "17:00"	Close at end of trading day
Swing Trader	EnableAutoClose = false	Hold positions overnight
News Avoider	AutoCloseTime = "14:29"	Close 1 min before 14:30 news

Auto Entry Settings

input group "=== AUTO ENTRY AFTER WEEKEND ==="
input bool EnableAutoEntry = false;              // Enable Auto Entry (default: OFF)
input ENUM_ORDER_TYPE EntryType = ORDER_TYPE_BUY; // Entry Type (BUY/SELL)
input double EntryPrice = 0.0;                   // Entry Price
input double EntryLot = 0.01;                    // Lot Size
input int EntryTPPips = 30;                      // TP in Pips
input int EntrySLPips = 20;                      // SL in Pips

Example: Gap Trading Strategy

EnableAutoEntry = true
EntryType = ORDER_TYPE_BUY
EntryPrice = 1.09000
EntryLot = 0.05
EntryTPPips = 50
EntrySLPips = 30

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🎓 Usage Scenarios

Scenario 1: Scalping Multiple Positions

Situation: You opened 5 quick scalp positions, want to take profit at key level.

Steps:

1. Identify target level: 1.09500
2. Type 1.09500 in TP input
3. Press Enter
4. All 5 positions now target 1.09500
5. Monitor "Estimasi Profit TP" → +$250 USD
6. Watch price reach TP, all close automatically!

Scenario 2: Moving Stop Loss to Break Even

Situation: Price moved 30 pips in profit, want to protect.

Steps:

1. Check average entry price in info panel
2. Type that price in SL input
3. Click SET SL
4. SL now at entry = Zero risk!

Scenario 3: Emergency Exit

Situation: Major news just released, market going crazy!

Steps:

1. Click CLOSE ALL button
2. All positions close within 1 second
3. Preserved capital ✅

Scenario 4: Weekend Gap Trading

Situation: Strong trend on Friday, expect continuation Monday.

Setup:

EnableAutoEntry = true
EntryType = ORDER_TYPE_BUY
EntryPrice = 1.09200
EntryLot = 0.10
EntryTPPips = 60
EntrySLPips = 40

Result:

• Go enjoy your weekend
• EA monitors market Monday morning
• Auto-enters when price hits 1.09200
• You wake up to an active trade!

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💡 Best Practices

✅ DO

• Use on demo first - Test all features before live trading
• Set realistic TP/SL - Based on technical analysis, not random numbers
• Monitor spread - Avoid trading when spread is abnormally high
• Enable auto-close for day trading - Enforce discipline
• Keep EA running - Auto-features only work when EA is active
• Use on one chart per symbol - Avoid conflicts

❌ DON'T

• Don't set TP below current price for BUY - Invalid TP!
• Don't set SL above current price for BUY - Invalid SL!
• Don't use CLOSE ALL carelessly - It's instant and irreversible
• Don't rely 100% on auto-entry - Market conditions change
• Don't run multiple instances - Can cause duplicate trades
• Don't ignore logs - Check Experts tab for errors

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❓ FAQ

Q: Does MT_MANAGER open new positions?

A: Only if you enable EnableAutoEntry = true for weekend auto-entry. By default, it only manages existing positions.

Q: Can I use it on multiple charts?

A: Yes, but each instance only manages positions for its own symbol.

• EURUSD chart → Manages EURUSD positions only
• GBPUSD chart → Manages GBPUSD positions only

Q: What happens if I set invalid TP/SL?

A: MT5 will reject the modification. Check the Experts tab for error messages like:

Error modifying TP position #12345: Invalid stops

Q: Does it work with other EAs?

A: Yes! MT_MANAGER reads all positions, regardless of how they were opened (manual, EA, pending orders).

Q: How much resources does it use?

A: Very lightweight. Updates only on new ticks (milliseconds CPU time).

Q: Can I change panel position?

A: Currently panels are fixed (left and right). You can modify the code if needed.

Q: Does it support Magic Number filtering?

A: Not yet. Currently manages ALL positions on the symbol. (Planned for v2.0)

Q: What about partial closes?

A: Not yet. CLOSE ALL closes 100% of all positions. (Planned for v2.0)

Q: Does auto-entry work on all days?

A: No, only on Monday 00:00-03:00 (market open detection).

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🔧 Troubleshooting

Issue: EA doesn't appear in Navigator

Solution:

1. Check if file is in correct folder: MQL5\Experts\
2. Compile the file (F7 in MetaEditor)
3. Check for compilation errors
4. Refresh Navigator (right-click → Refresh)

Issue: Buttons don't work

Solution:

1. Check if EA is actually running (smiley face in top-right corner)
2. Enable "Allow DLL imports" in EA settings
3. Enable "Allow live trading" in EA settings
4. Check Experts tab for errors

Issue: TP/SL not updating

Solution:

1. Check if positions exist on the current symbol
2. Verify TP/SL prices are valid:
   • BUY: TP > current price, SL < current price
   • SELL: TP < current price, SL > current price
3. Check broker's minimum stop level (some brokers require 10+ pips)
4. Look at Experts tab for "Invalid stops" errors

Issue: Profit/Loss shows wrong amount

Solution:

1. Ensure you're looking at the right symbol
2. Currency conversion affects display (if account is EUR but pair is USD-based)
3. This is estimated profit, actual may vary due to spread/commission

Issue: Auto-close not working

Solution:

1. Check EnableAutoClose = true in settings
2. Verify time format is "HH:MM" (e.g., "23:00", not "23:0" or "11 PM")
3. EA must be running at that exact time
4. Check Experts tab for execution confirmation

Issue: Auto-entry not triggering

Solution:

1. Check EnableAutoEntry = true
2. Must be Monday 00:00-03:00 hour
3. Price must reach EntryPrice level
4. Only executes once per Monday
5. Check logs for "Auto Entry executed" message

Issue: Panel text overlapping

Solution: This shouldn't happen in latest version. If it does:

1. Refresh chart (F5)
2. Recompile EA
3. Remove and re-attach EA
4. Report issue on GitHub

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🗺️ Roadmap

Version 1.0 (Current) ✅

• Unified TP/SL management
• Real-time profit/loss display (USD + Pips)
• Spread monitoring
• Candle countdown
• Market open/close countdown
• Auto-close at time
• Auto-entry after weekend
• Interactive UI

Version 2.0 (Planned) 🔜

Advanced Position Management:

• Break Even automation (move SL to entry after X pips profit)
• Trailing Stop (auto-adjust SL as price moves in favor)
• Partial Close (close 50% at TP1, rest at TP2)
• Magic Number filtering (manage only specific EA's positions)

Enhanced UI:

• Account info panel (Balance, Equity, Margin, Daily P&L)
• One-click trading buttons (BUY/SELL with preset lot)
• Session time indicator (Asia/London/NY sessions)
• Position duration display

Risk Management:

• Max drawdown protection (auto-close all if DD > X%)
• Daily profit target (stop trading after +X% profit)
• Max spread filter (prevent trading when spread > X pips)
• Lot size calculator (risk % based position sizing)

Notifications:

• Sound alerts (TP hit, SL hit, auto-close executed)
• Visual alerts (popup messages)
• Email notifications (optional)
• Telegram integration (send alerts to phone)

Analytics:

• Daily statistics (trades, win rate, profit)
• CSV export (trade history)
• Correlation monitor (EURUSD vs GBPUSD relationship)

Version 3.0 (Future) 🔮

• Multi-symbol management (manage all pairs from one panel)
• Custom templates (save/load settings)
• Hotkey support (keyboard shortcuts)
• Mobile-friendly remote panel
• Strategy presets (scalping, swing, news trading)

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🤝 Contributing

Contributions are welcome! Here's how you can help:

Reporting Bugs

1. Check existing issues
2. Create new issue with:
   • MT5 version
   • Broker name
   • Steps to reproduce
   • Expected vs actual behavior
   • Screenshots if possible

Suggesting Features

1. Check roadmap first
2. Open issue with tag enhancement
3. Describe use case and benefit

Note: Source code is not publicly available, but suggestions and bug reports are highly appreciated!

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📄 License

This software is provided as Freeware for personal and commercial use.

Terms:

• ✅ Free to use for personal and commercial trading
• ✅ Free to download and install on unlimited MT5 accounts
• ❌ Not open source - Source code is proprietary
• ❌ No redistribution - Do not re-upload or sell this EA
• ❌ No reverse engineering - Do not decompile or modify
• ✅ No warranty - Use at your own risk
• ⚠️ Author not liable for any trading losses

Trading Disclaimer: Trading forex carries significant risk. This EA is a tool, not a guarantee of profit. Always use proper risk management and test on demo before live trading.

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👤 Author

nwf (Developer)

• GitHub: @nawf-dev
• Repository: MT_MANAGER

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🙏 Acknowledgments

• MetaQuotes - For MetaTrader 5 platform
• MQL5 Community - For documentation and support
• Beta Testers - For valuable feedback

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📚 Additional Resources

Learning Resources

• MQL5 Documentation
• Trading Position Management Guide
• Risk Management Basics

Related Tools

• MetaTrader 5 Download
• MQL5 Editor

Support

• GitHub Issues
• MQL5 Forum Thread
• Telegram Group

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📊 Statistics

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⭐ If you find this EA useful, please give it a star! ⭐

Made with ❤️ for the trading community

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📝 Changelog

v1.0.0 (2025-02-07)

• 🎉 Initial release
• ✅ Core TP/SL management
• ✅ Real-time monitoring
• ✅ Auto-close feature
• ✅ Auto-entry feature
• ✅ Full UI implementation

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Last Updated: February 7, 2025
Current Version: 1.0.0
Status: Stable ✅