Trading box Order managementTrade manager EA mt4 mt5 tool
Filters & Recognition
Order box buttons
Trade manager EA mt5 mt4Risk percentage position size calculator, gain percentage, target risk reward ratio, spread and commissions are included in calculations (trade manager ea mt5)
Safe TradingProtect orders before big news spikes and Monday opening gaps (spread & time filter). Stop loss hunt protection. Place or remove orders when market is closed
Set and forget tradingMobile push notifications, email notifications, MetaTrader terminal popup alerts with this set and forget trading. This is the best position size calculator mt4.
Bid Price order executionOrder box represents entry and exit for market order execution. Get the best possible prices with use of spread filter and execution at Bid price
|Advanced Order functions||Limit order||Order box|
|Execution at Bid price||NO||YES|
|Hidden stoploss mt5||NO||YES|
|Hidden entry mt4||NO||YES|
|Order open Spread filter mt5||NO||YES|
|Order open Time filter mt4||NO||YES|
|Target Risk Reward calculator mt5||NO||YES|
|Lot size calculator mt5 by risk percentage||NO||YES|
|Total risk of grouped orders||NO||YES|
|Total profit of grouped orders||NO||YES|
|Breakeven level mt5(Surender)||NO||YES|
|Activate/Deactivate orders at certain price||NO||YES|
|News spike order protection||NO||YES|
|Opening gap order protection||NO||YES|
|Ask price SL hount protection||NO||YES|
|Price action programing with lines||NO||YES|
|Placing orders when market is closed||NO||YES|
How to create Order box
Click on button SBox or BBox to create Order box. You can also select rectangle and then click SBox or BBox to create Order box.
Enjoy using forex lot size calculator mt4. Risk calculator mt4 is included into this tool.
Default Order box parameters are taken from EA input properties. Please enable AutoTrading before placing TBOM on chart.
How to activate Order box
Click on button SELL or BUY to activate Order box (Green/Red). When the price will touch order box the positions will be opened. If Bid price will go trough Order box, positions will be closed. You will also receive popup alert, email and MT4 push notification
MT4 MT5 Price action indicator automation functions:
- Liquidity trading (Order execution when LQ is detected)
- Buy 2nd bottom and Sell 2nd top function
- Breakout tool function
- Reversal breakout function
- Enable or disable Order box with lines (sell ON/OFF, buy ON/OFF)
- Delete line (Protect fresh level/orders)
Trade Info (Lot, Risk, Gain, SL, TP)
Order box risk %, gain %, profit $ and loss $ calculation is shown on top of the order box. Total loss and total profit calculation of all orders include commissions and spread. Calculations are done in deposit currency. Money management in trading shouldn’t be problem anymore.
Position lot size calculation methods
- Balance risk percentage
- Equity risk percentage
- Free margin risk percentage
- Fixed lot size
- Fixed cash amount
- mt5 position size calculator
Target (Profit, MT5 Risk reward ratio, pip distance)
Target calculations - For each target it will calculate risk reward, profit in deposit currency and pip distance.
You can change default Risk Reward values for all 4 targets in EA input variables.
Order box ID (magic number)
ID is increased by one for every new order box created. ID value is set for position magic number and position/order comment.
If you open rectangle object properties, you can see where mt4 mt5 order magic number is set. If you will replace this position magic number mt4 mt5 with your random number, please be careful to keep same structure of parameters that are separated with _
Position trade Margin info
Margin is important part when opening position. There few mt4 mt5 margin calculator functions that will check for margin requirements of your trade.
Account Free Margin requirement check for margin stop out level
Order box Timeframe visibility
If you change timeframe visibility of Order box, then all related graphical objects will get same timeframe visibility as order box. This way you can hide Order box when analyzing chart on different multiple timeframes.
Change number of orders
Click on button +1 or -1 to change number of orders in order box. Maximum allowed number of orders in order box are 4. When you change number of orders then lot size is automatically recalculated to defined risk. With position size calculator mt4 it is easier to do your job.
MT4 MT5 Trade manager EA tool- Change risk percentage
Click on button +0.1% or -0.1% to change risk percentage for order box. When you change risk percentage then lot size is automatically recalculated to new defined risk.
You can also change default risk percentage value for trading order box and you can also change risk percentage interval value which is shown on button itself. This values can be changed in EA input properties as shown on picture below.
Metatrader Pending order (Limit, Stop, Delete)
Click on Order func. button to display order functions.
- Limit button will place Buy Limit or Sell Limit pending order
- Stop button will place Buy Stop or Sell Stop pending order
- Delete button will delete all pending orders created by this Order box
MetaTrader 5 Stop limit (Pending order)
In MetaTrader 5 the Limit button can place stop limit pending order if ON function line is used.
- Sell Stop Limit: if you will use SELL Order box sell ON line (ON button)
- Buy Stop Limit: if you will use BUY Order box buy ON line (ON button)
MT5 Buy Stop Limit – this type combines the two first types being a stop order for placing Buy Limit. As soon as the future Ask price reaches the stop-level indicated in the order (the Price field), a Buy Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set above the current Ask price, while Stop Limit price is set below the stop level.
MT5 Sell Stop Limit – this type is a stop order for placing Sell Limit. As soon as the future Bid price reaches the stop level specified in the order (Price field), a Sell Limit order will be placed at the level specified in Stop Limit Price field. A stop level is set below the current Bid price, while Stop Limit price is set above the stop level.
Partial Close position 25%, 50%, FULL
- Close FULL button will close all open positions from this Order box
- Close HALF button will close 50% of open position lot size volume from this Order box
- Close 25% button will close 25% of open position lot size volume from this Order box. Percentage for this button can be customized in Trading box Order management EA input variables parameters.
Snap to Bid (Market Order)
After you enable Snap to Bid and then click on BUY or SELL button, the positions will be opened.
Snap to bid function is designed for scalping tool and live trading tool. It will move order box entry price within Bid price but stop loss level will stay at same place. Moving of Bid price will cause lot size to recalculate for the same risk percentage but different Order box size in pip.
TG - Reset target RR ratio
When you resize Order box then target risk reward ratio is changed. You can refresh target RR ratio with click on button TG.
Trade manager ea mt5 default values for target risk reward ratio can be changed in Trading box Order management EA input variables.
Spread indicator mt4 mt 5 (Spread filter)
Spread indicator mt4 mt5: Click on button S.F. to display Spread filter settings. It can be enabled (true) or disabled (false) with EA input property Spread filter ON/OFF. If current spread is below spread filter setting, then S.F. button is green and position can be opened, otherwise button is red.
Spread filter prevent order execution before big news spikes or low liquidity market when spread is widen.
Lack of Liquidity: There are fewer traders involved with after-hours trading, so there’s typically a lot less liquidity than during regular trading sessions.
Larger Quote Spreads: Less trading activity often translates to wider bid-ask spreads, which could make order execution difficult.
Spread indicator mt4 mt5 is the best solution to prevent trading with news spikes and abnormal forex market conditions.
Time filter for order execution
Click on button Time to display time interval settings which will disable trade execution if you enable Overnight or News ON/OFF button. When candles will be inside this time zone filter then Time button will become red and Order box will not open positions. Trading will be disabled inside Overnight and News vertical rectangles (see arrows on picture below). If Time button is green then trade execution is allowed.
News time filter is useful when you want to take a break for lunch or there are big news coming up and you want to disable order execution.
Overnight time filter is useful when you go to sleep and you don't want any new trade to be executed. Trade execution during your sleep will be disabled.
Supply and Demand candle indicator
Candle indicaotr will find supply or demand candles with origin (candle open price) inside Order box. You have option to detect M1, M5 and M15 candles. After candle is detected you will get MetaTrader popup alert, e-mail and mobile push notification with candle body pip size information. This can be useful to take a profit or to trade correction at the candle origin zone where can be still some fresh orders left. In EA input properties you can define the minimum pip value for candle detection. Current TF candle option will detect any candle on the chart on the current time frame. Detected candle will be marked with vertical dotted line.
Head and Shoulders pattern detection (Quasimodo trading)
Order management tool can search for uncompleted Head and Shoulders (Quasimodo trading) pattern inside Order box on different timeframes. You can decide on which timeframe you would like to detect this pattern. You will receive alerts and red rectangle zone will be drawn when uncompleted Head and Shoulders pattern will be detected. It is up to trader to check if this red rectangle (supply demand zone) have any fresh orders left. This detection is only some kind of reminder of event that can still have fresh orders in the zone. Head and Shoulders (Quasimodo) pattern detection is only trader help tool. You need to read the market intention and predict future price movement by yourself.
You also have option to configure uncompleted Head and Shoulders detection EA input properties by your needs. Input parameters starts with HS_ and they are marked with red rectangle. You can also see EA input properties explanation on drawing.
Price Alert (pip size distance indicator)
When you click on button Alert the silver Alert line is drawn on chart. When price touches this horizontal alert line then you will receive alert (push notification, email) with price pip distance from Order box.
Resell and Rebuy
When you click on button Rebuy or Resell the dotted black line is drawn inside Order box. By default, it takes order lot size from Order box calculation. You can change Resell or Rebuy order lot size by selecting trendline and change value (see picture below). When price will touch this line, Order box will be activated and orders will be opened.
Resell and Rebuy is also considered in all calculations. You can see how it adds another Risk Reward indicator tool line below the target.
Surrender trade (Breakeven tool)
For every trade you need backup plan if this trade doesn’t work out like you imagined. After level is broken by few pip then we usually have a little price correction before price continue with direction. We can increase win rate if we use Surrender functionality. We can change pip value to set trade to breakeven if Surrender line will be broken.
For example (picture below), orders will be opened when price touch Order box (1). Price will continue to go lower, and it will break Surrender line (2). Take profit from all orders will be moved 3 pip above entry (3). Instead of losing trade we will have a winning trade if a little price correction will happen. Surrender line is Plan B if trade is not preforming like we wanted.
Price action functions protectionWhen price touches the Surrender line then Reversal BO, Sell 2nd top or Buy 2nd bottom functions will be removed. This will protect price action trading and increase win percentage
Move SL (Lock in profit EA mt4 mt5)
Automatic Lock in profit & Move stoploss to breakeven. Lock in profit with Move SL function.
A utility for automatically setting breakeven levels, transfers trades to breakeven when passing a given distance. Allows you to minimize risks.
Move SL button will enable you to set trade to breakeven or to lock some profit when price reach the "Move SL" line.
Automatic Order box activation (Price action automation)
ON and OFF lines
MT4 MT5 Set and forget trading: This function will help you automatically catch true price action. Trading pullback with price action trading confirmation.
When you click on button ON then in sell ON or buy ON line will be created. When price will touch this line, the Order box will be activated.
Warning: when ON line will be activated then it will delete functions: Reversal BO, Delete/fresh and Buy 2nd bottom or Sell 2nd top.
When you click on button OFF then sell OFF or buy OFF line will be created. When price will touch this line, the Order box will be de-activated.
Automate your price action with order box functions for pullback trading strategy. Trading pullback is also known as trading price correction when trend reversal is confirmed by technical chart analysis.
Reversal BO (breakout)
Reversal BO (Breakout) button will enable you to catch a reversal trade in the Order box zone. When Reversal BO line is hit the Order box will change to Breakout mode. Please watch video that demonstrate how to use it live while trading. Reversal trading from supply demand level can be profitable if you choose the correct price action zone.
Sell 2nd top / Buy 2nd bottom
Fakeout trading automation (SELL second top & BUY second bottom)
Sell 2nd top button will give you price action trading strategy lines to capture double top creation. Orders will be opened when second top will be created (price second time back to Order box supply zone)
Buy 2nd bottom button that will give you price action lines to capture double top creation. Orders will be opened when second bottom will be created (price second time back to Order box demand zone)
Fakeout button that will appear when "Sell 2nd top" or "Buy 2nd bottom" will be activated. This Fakeout function will open order above first top or below first bottom. If this price action will happened then Order box will be shrinked and thinner Order box means bigger lot size and larger profits with set and forget trading
Liquidity trading: LQ (Liquidity detection & Execution)
When we want to trade a certain price level (zone), we need to have liquidity trading in the market to have good order price execution. If price is going straight to our level, then this is not good price approach toward our level where we want to trade. We developed liquidity detection function, to search for forex liquidity instead of trader himself (LQ button). You need to predict where liquidity will be created and move silver rectangle to this price level zone. You also need to define how much big retrace from silver rectangle you want. This is defined with LQ rectangle horizontal line. You can move this horizontal line. When price will come to silver rectangle and go back to LQ retrace line, then you will receive alert. Detected extreme will be marked with light green trendline. Execute button that will activate Order box when market liquidity is detected. Liquidity in forex trading is the way to go.
Delete / Fresh (Protect fresh orders)
Now let’s see how we can combine two functions (ON & OFF and Delete/Fresh). To ensure that the price first need to break sell ON line and then go back to open orders in order box, we will introduce Delete line. If price touches Delete line, then order box will be removed from chart, because we don’t have price action to enter in this level. If price will go down and touch sell ON line first, then Delete line will be removed from chart and when the price will come to order box, the orders will be opened.
Example 1: Delete line protects fresh orders in Order box
When price will touch Delete line at (1), then BUY Order box will be deleted, because fresh orders in Order box are now consumed. Price didn't do to buy ON line in this case. Our price action strategy worked well, trade was not executed because we have standards for entering into trade.
Example 2: Price action strategy trading worked well
When price will touch buy ON line at (1), then Order box will be activated and Delete line will be removed. If price will come back to activated order box, then buy position will be opened at (2). In this case we have perfect price action strategy worked well that suits our trade entry standards.
Breakout trade strategy (breakout EA tool)
When we click on Breakout button then green line will be created. If price will go out of Order box through this green line at (1), then sell position will be opened. Breakout button can be used only if price is inside Order box. If price is outside Order box, then use button Reversal BO.
D - Open Dashboard link
If you click D button (right upper corner) then chart with Trading box Dashboard will show up. There you will have overview of all Order boxes from your charts. Dashboard is FREE tool so we recommend that you use it to save time and have better overview of your Order boxes.
Above & Below buttons (price alert line mt4 mt5)
Above or Below button will create alert line. You can change the name of horizontal line. When price will touch above or below line, you will receive alert and mobile push notification. You can select above or below horizontal line and move it to price where you want to be notified with name of line.
When price will touch this line it will be changed into dashed line and you will see name of broken above or below line in Trading box Dashboard list.
Broken Above and Below horizontal alert lines from Order management tools will be displayed in Trading box Dashboard column Action/Signal.
Enter task for Dashboard
Task label is automatically generated for every chart with TBOM. Text description from label with name tasks will be transferred into Dashboard column Task.
Show/hide graphical objects
You can click on horizontal line or trendline to show/hide them.
You can also click on Order box calculation info to display only number of orders and lot size.
Spread & Commission calculation tool
Spread and commission are included into position lot size calculator mt4 mt5 when we have percentage risk calculation method selected. You can change commission value per one lot in EA input properties, look for parameter Broker commission per one lot.
Sell stop loss hunt protection and Bid execution
What is Stop loss hunting? (stoploss trader) in trading with market spread and ask price problem solved with Order management tool.
With standard MetaTrader pending orders we have 2 problems:
1. Buy limit orders open with invisible Ask price
2. Sell orders stop loss is triggered with invisible Ask price (spread SL hunt)
Trading box Order management have solution: Order execution at bid price (also for SL level)
You can set market stoploss with 2 EA input variables:
- Sell SL hunt protection in pip
- Place hard stoploss (true/false)
Push notification, email & popup alert
Trader can click on element text to show or hide element on char. This is useful when we want to have clean chart to make a right trading decision and do some technical analysis.
There is also parameter Bring Alerted chart on top, if you find this function disturbing please set it to false.
Action history and Clean
When action will be triggered then EA will create history tag on candle at current time and price. Trader can see what happened when he was not present. Clean button will remove all history tags and trading history (trade entry and exit) from the chart.
Tade manager EA mt5 inputs:
MetaTrader 4: mt4 risk calculator tool
MetaTrader 5: risk calculator tool mt5
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