⚙️Trade Management Features

Trade Management Features

This page documents the main trade-management algorithms and how they are exposed in the UI and settings.

1. Break-Even (BE)

• Available Methods:

  • Disabled — Break-even feature turned off

  • Fixed Pips — Moves SL to breakeven after a fixed pip profit

  • R:R Based — Triggers based on risk-to-reward ratio

  • ATR Multiplier — Uses ATR indicator to determine trigger distance

• Settings:

  • BreakEvenMethod — Choose which algorithm to use

  • BE_Value — Set the trigger distance (pips for Fixed, multiplier for ATR/Candle methods)

• How to Use: Click "Move to BE" button on any trade panel, or enable automatic break-even in EA settings

1. Partial Close (PC)

• Available Methods:

  • Disabled — Partial close feature turned off

  • Fixed Pips — Closes percentage of position after fixed pip profit

  • R:R Based — Triggers based on risk-to-reward ratio

  • ATR Multiplier — Uses ATR indicator to determine trigger distance

• Settings:

  • PartialCloseMethod — Choose which algorithm to use

  • PartialClosePercentage — Set what percentage to close (0.5 = 50%, 0.3 = 30%, etc.)

  • PC_Value — Set the trigger distance (pips for Fixed, multiplier for ATR/Candle methods)

• How to Use: Click "Half-Close" button on any trade panel for instant partial close, or enable automatic partial close in EA settings

1. Trailing Stop (TRAIL)

• Mode: enum-based ENUM_TrailMethod with multiple strategies

1. Trailing Stop (TRAIL)

• Available Methods:

  • Disabled — Trailing stop turned off

  • Fixed Pips — Trails stop loss by fixed pip distance

  • ATR Multiplier — Uses ATR indicator for dynamic trailing distance

  • Candle-Based — Trails based on candle highs/lows

  • R:R Multiple — Trails based on risk-to-reward multiples

  • Moving Average — Trails stop loss using a moving average line

• Settings:

  • TrailingMethod — Choose which trailing algorithm to use

  • Trail_ActivationValue — Set when trailing starts (profit distance in pips or multiplier)

  • Trail_DistanceValue — Set how far behind price the stop loss trails

  • TrailMinimumMovement — Minimum price movement before stop loss updates

  • TC_CandleBuffer — Buffer distance for candle-based trailing

• How to Use: Click "Add Trail" button on any trade panel, or enable automatic trailing in EA settings

• Mode: enum-based ENUM_LotMethod with three strategies

1. Lot Sizing & Risk

• Available Methods:

  • Risk Percent — Risk a percentage of your account balance per trade

  • Risk Amount — Risk a fixed dollar/currency amount per trade

  • Fixed Lot Size — Trade a fixed lot size regardless of risk

• Settings:

  • LotMethod — Choose your preferred lot sizing method

  • RiskValue — Enter the value (% for Risk Percent, $ for Risk Amount, lots for Fixed Size)

  • AllowMultipleTrades — Enable or disable scaling into positions

  • MaxOpenTrades — Set maximum number of concurrent positions

  • UseStrictMarginRejection — Reject trades that exceed margin (true) or reduce lot size automatically (false)

• How it Works: The EA calculates your lot size automatically based on your settings and displays it before executing manual orders

• PreserveExistingSLTP: when enabled, manual actions will preserve existing SL/TP unless explicitly changed.

• ForceOverrideSLTP: useful for immediate corrections in live-managed accounts.

1. Trade Management Mode / Magic = 0

• When Magic = 0 the Trade Manager will operate on manual or third-party trades. See trade-management-mode.md for details and edge cases.

1. Session Close Behavior

• Key Parameters (from Parameters.mqh):

  • bool CloseTradesAtSessionClose = false; — auto-close open trades when session ends

  • bool CancelPendingsAtSessionClose = false; — cancel pending orders at session close

1. Session Close Behavior

• Settings:

  • CloseTradesAtSessionClose — Automatically close all open trades when trading session ends

  • CancelPendingsAtSessionClose — Cancel pending orders at session close

  • UseTimeWindow — Master on/off switch for trading hours control

  • UseSession1 / UseSession2 — Enable dual trading sessions

  • Session timing with hour and minute precision (see trading-hours-and-filters.md for detailed setup)

• How it Works: When your defined trading session ends, the EA can automatically close positions and cancel pending orders to avoid overnight risk or unwanted exposure

Code references: 8) Logging & Safety

• Every trade management action is logged automatically

• Errors and warnings appear in the MT4 Experts log tab

• Built-in safety checks include:

  • Maximum daily drawdown limits

  • Minimum lot size enforcement

  • Slippage protection

  • Margin requirement validation