MT5 Trade Manager For Forex
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Four Tabs, Four Jobs
Plan The Trade Before You Place It
Enter your entry, stop loss and take profit and it returns the position size that matches the risk you want, with pip value and risk reward shown before anything reaches the market.
Bank Profit In Stages Automatically
Set partial closes at TP1, TP2 and TP3, move the stop to break even, or trail it as the trade develops, without hunting through the terminal.
See Your Total Exposure In One Place
Totals the money and percentage at risk across every open trade and pending order, for the chart symbol or the whole account.
Know How Much Room You Have Left
Shows used margin, free margin and your margin level percentage, then works out the largest position the account can still open.
How To Install The MT5 Trade Manager
Before You Start
- You need the desktop version of MetaTrader 5. The trade manager is an Expert Advisor, so it cannot run on the web terminal or the mobile app.
- Algorithmic trading and DLL imports have to be switched on in the platform options. Steps 4 and 5 cover exactly where.
- Rules differ between programmes, so check the rules that apply to your account, or ask support, before using any tool on a skill assessment account.
Download The Trade Manager
- Fill in the download form near the top of this page and the installation file is sent to you.
Open The Data Folder
- Open MetaTrader 5 and click the File menu.
- Choose Open Data Folder.
- A file explorer window opens on the folder your platform actually uses. This is not the folder MetaTrader was installed into, which is why copying the file anywhere else will not work.
Install The File
- Open the MQL5 folder, then open the Experts folder inside it.
- Place the downloaded file into the Experts folder.
- Restart MetaTrader 5 so the platform picks it up.
Open The Platform Options
- Click the Tools menu.
- Choose Options.
Allow Algo Trading And DLL Imports
- Open the Expert Advisors tab in the Options window.
- Tick Allow algorithmic trading.
- Tick Allow DLL imports.
- Click OK to save.
Attach It To A Chart
- Open the Navigator panel and expand Expert Advisors.
- Find the Trade Manager and drag it onto any chart.
- In the settings window that opens, set Operating System to match your computer, choosing Windows, macOS or Linux, then confirm.
- The panel appears on the chart and is ready to use.
It Does Not Trade For You
The trade manager is a tool for placing and managing your own trades, not a strategy that trades on your behalf. You decide the entry, the stop and the target, and it handles the sizing, the order placement and the partial closes you configure. Nothing opens without your instruction.
Check The Numbers Against Your Platform
Position size, pip value and margin are all worked out from the contract specification your broker publishes for that symbol. If a figure looks wrong, check the symbol specification in your own terminal first, because specifications differ between brokers and change from time to time.
MT5 Trade Manager Questions
Is the CTI MT5 Trade Manager really free?
Yes. The trade manager is free to download and free to use, with no trial period and no subscription. You do not need a funded account or an active challenge to get it. Fill in the download form on this page and the installation file is sent to you.
Which platform do I need to run it?
The desktop version of MetaTrader 5. The trade manager is an Expert Advisor, which is a program that runs inside the MetaTrader platform itself, so it needs the full desktop terminal. If you trade on MetaTrader 4 or Match Trader, contact support to ask what is currently available for those platforms.
Does it work on macOS and Linux?
There is an Operating System setting inside the tool with options for Windows, macOS and Linux, and you choose the one matching the computer running your platform when you attach it to a chart. It runs wherever your desktop MetaTrader 5 runs, so if your platform is working on your Mac or Linux machine, the trade manager can be installed the same way.
Does the trade manager place trades on its own?
No. It is not an automated strategy and it does not look for setups. You choose the trade and the levels, and it calculates the position size, sends the order and then applies the stop loss management and partial closes you set up. If you configure partial closes at TP1, TP2 and TP3, those actions run automatically once the trade is open, but only within the rules you gave it.
Why does it ask me to allow DLL imports?
Allow DLL imports is a MetaTrader permission that lets an Expert Advisor call code outside the platform, and the trade manager needs it to run. MetaTrader keeps it switched off by default and warns you about it because the setting applies to every Expert Advisor you run, so only enable it for tools you obtained from a source you trust.
I dragged it onto the chart and nothing happened. What should I check?
Look at the top right corner of the chart. A smiling face means the Expert Advisor is running, and a sad face means algorithmic trading is switched off, which you fix with the Algo Trading button in the toolbar. If there is no icon at all, the file is probably in the wrong folder, so confirm it sits inside MQL5 and then Experts in the data folder and restart the platform. The Experts tab at the bottom of the terminal lists any error messages.
Can I use it on a CTI skill assessment account?
Rules differ between programmes, so check the rules that apply to your account or contact support before using any tool on an assessment account. The trade manager helps with position sizing, order placement and partial closes rather than running a strategy for you, but the safest step is always to confirm first.
Which instruments does it work with?
It reads the contract size, tick size and margin requirement for whichever symbol the chart is set to, so it works with the instruments available on your account, whether that is forex pairs, indices or metals. Because the figures come from your own platform, they match what your broker will actually charge and require.
Can I use it on the MetaTrader 5 mobile app or web terminal?
No. Neither the mobile apps nor the web terminal support Expert Advisors, so the trade manager cannot be attached to a chart there. You need the desktop platform on Windows, macOS or Linux.
Do I still need the calculators on the website?
They serve different moments. The trade manager works inside the platform while you are trading a live chart, whereas the free calculators on the website are useful for planning away from the terminal, for example working out how many losing trades a drawdown limit allows or what an overnight hold will cost. Many traders use both.
Free Calculators To Use Alongside It
Disclaimer
The MT5 Trade Manager is a tool for placing and managing your own trades and does not provide trading signals, strategies or advice.
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