Trading utilities for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
What is this?
This Expert Advisor adds a visual trading panel to MetaTrader 5 charts. Key features:
- Open/close trades with one click
- Manage Stop Loss (SL) and Take Profit (TP) levels
- Auto-apply risk settings
- Light/dark theme toggle
Interface:
1. Main panel with buttons:
- `BUY` – open buy order
- `SELL` – open sell order
- `CLOSE ALL` – close all trades
- `On/Off` – hide/show panel
2. Input fields:
- `Stop Loss (SL)` – SL distance in points
- `Take Profit (TP)` – TP distance in points
Key terms:
- Magic Number – unique EA ID (filters trades).
- Point** – minimal price change (e.g., for EURUSD: 0.0001 = 1 point).
Step 1: Installation
1. Copy files to terminal:
- `Expert.mq5` → `MQL5/Experts` folder
- `RiskManagmentPanel.mqh` → `MQL5/Include` folder
2. Restart MetaTrader 5.
**Step 2: Launch**
1. Open a chart (e.g., EURUSD).
2. In "Navigator" → "Experts", drag `Expert` onto the chart.
3. Configure settings:
```
MagicNumber = 12345 // Any unique number
isDarkTheme = true // Dark theme (false = light)
```
4. Click `OK`.
Step 3: Theme Setup
- To switch themes:
1. Stop the EA (right-click chart → "Remove").
2. Relaunch and change `isDarkTheme`.
Q1: Trades won’t open. Why?
Answer:** Check:
- Account balance.
- Broker’s trading permissions.
- MagicNumber consistency (must match in settings/code).
Q2: SL/TP not applying. What to do?
Answer:
1. Ensure values are in points (not price!).
2. Verify broker allows SL/TP on order open.
Q3: How to restore a hidden panel?
Answer: Click the green label in the top-left corner.
Q5: Can I run multiple EAs on one chart?
Answer: Yes, but assign unique MagicNumbers!
Pros:
- Simplicity: No coding required.
- Speed: One-click trading.
- Flexibility: Manual risk control.
- Adaptability: Day/night themes.
Future updates:
1. Partial close button.
2. Auto trailing stop.
3. Save settings between sessions.
4. Mobile MT5 integration.
Conclusion
Perfect for manual trading with risk control. Easy setup + intuitive interface save time, while dark mode reduces eye strain. We welcome feedback for future enhancements!
