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EA Trade Manager MT4 & MT5

  • #521
  • Quote
  • Nov 20, 2025 9:05pm Nov 20, 2025 9:05pm
Quoting Gruffydd
{quote} In MetaTrader 5 you can enable it by right clicking on the list of trades, choosing Columns from the menu and selecting Magic...
That's right, MT5 have a dedicated column for the magic number, but not for MT4 sadly, hence the suggestion.

Quoting Gruffydd
{quote} The only acceptable solution would be to add it as an optional setting that is turned off by default. For now you can set your own default comment in the Trade Manager parameters. If you use multiple strategies you can also create separate templates where each template already has the different Magic Number and comment saved.
I've also thought of this solution before posting here but I thought of sharing my suggestion as well. I might stick with this for now.

Thank you for your insights!
  • #522
  • Quote
  • Feb 4, 2026 6:10pm Feb 4, 2026 6:10pm
I would like to know if TradeManager can implement the same convenient risk management order entry method found in backtesting software.
  • #523
  • Quote
  • Feb 4, 2026 7:06pm Feb 4, 2026 7:06pm
Hello, QiWang

Thank you for your question.
Unfortunately, this is not possible. Trade Manager MT5 works exclusively under live market conditions and is not an Expert Advisor designed to operate inside the MT5 Strategy Tester or backtesting software.
Trade Manager is a manual trading and Risk management tool for Forex trading, meaning all order entries, stop loss, take profit, and trade management actions are applied in real time on live or demo accounts only.
If you have any questions about how to best use Trade Manager MT5 for live Forex trading or risk management, feel free to let us know


Best regards,
  • #524
  • Quote
  • Feb 4, 2026 8:15pm Feb 4, 2026 8:15pm
Great, thank you for your explanation. This tool is absolutely essential for my trading style. Thank you for the help.
  • #525
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  • Feb 6, 2026 10:19pm Feb 6, 2026 10:19pm
I have a question regarding the LPO (Last Pending Order) feature.
I have used various order support tools in the past, but I have never seen a function called "LPO" before. Because of this, I'm having trouble visualizing exactly how it operates.
Could you please explain the logic and the movement of this feature? I would like to understand how it works before I start using it in my actual trading.
  • #526
  • Quote
  • Feb 9, 2026 5:39pm Feb 9, 2026 5:39pm
Quoting kosagi
I have a question regarding the LPO (Last Pending Order) feature. I have used various order support tools in the past, but I have never seen a function called "LPO" before. Because of this, I'm having trouble visualizing exactly how it operates. Could you please explain the logic and the movement of this feature? I would like to understand how it works before I start using it in my actual trading.
First, just to clarify the naming: LPO here means Limit Pullback Order, not 揕ast Pending Order? It抯 not a standard MetaTrader order type, but a trading logic added by Trade Manager MT4 and MT5 to handle pullbacks more intelligently.
In short, LPO is designed for trend trading when you expect a pullback but don抰 know how deep it will be.
Normally, with a classic limit order, you have two problems:

  1. If you place the limit too far, the pullback may be shallow and your order never triggers.
  2. If you place it too close, you often need a wider stop loss or you risk getting stopped out during the pullback.

LPO tries to solve this.

In Trade Manager, when LPO is enabled and you place a limit order, that order does not stay static once price reaches it.

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Instead, at the moment the limit would normally be activated, Trade Manager converts it into a stop-type order that keeps a fixed distance from the current price.
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If the pullback continues, this stop order follows the price at that defined distance.
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When the pullback finishes and price turns back in the direction of the trend, the stop order is triggered. The idea is that you enter closer to the actual end of the pullback, without guessing the exact level in advance.
So conceptually:

  1. Limit defines the 揳rea?where the pullback should reach.
  2. LPO manages the final entry dynamically during the pullback.
  3. The goal is a better average entry and less guesswork.

One important thing to keep in mind: LPO works only with virtual pending orders, and Trade Manager must be running for the logic to work. This is clearly something to understand before using it on a real account.

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For a full explanation with examples and exact behavior, I recommend checking the official Trade Manager manual here:
https://www.investsoft.eu/blog/index...ullback_Orders
That section goes into all details and edge cases.
  • #527
  • Quote
  • Feb 9, 2026 7:18pm Feb 9, 2026 7:18pm
Thank you so much for the detailed explanation!
I now clearly understand that LPO stands for Limit Pullback Order. The logic of following the price during a pullback and triggering only after the trend reverses is very impressive. It抯 a much more intelligent approach than a standard limit order, especially for catching the "bottom" of a move without guesswork.
Also, thank you for the heads-up about it being a "Virtual Pending Order" and the requirement for the tool to be running. I will make sure to test it thoroughly on a demo account first to get used to the movement.
I抦 really excited to try out this unique feature!
  • #528
  • Quote
  • Feb 12, 2026 6:39pm Feb 12, 2026 6:39pm
Partial profits without stress in MT4 and MT5 (auto levels or one click manual)

You know this feeling: the trade is in solid profit, you hesitate for a second, the market pulls back, and a big part of your profit disappears.

The solution is simple: partial profits. Close a portion, lock something in, and let the rest run. It sounds basic, but once you make it systematic, it can seriously improve the quality of your trading and take a lot of pressure off your decisions.

That抯 why I made a new video showing how to do it in MT4 and MT5 with Trade Manager.
You have two ways to use it:

  1. Automatic partial closing
    You set your partial profit levels in advance, define how much to close at each level, and Trade Manager executes it for you.
    This turns profit taking into a repeatable process. No more staring at the chart and guessing when to take something off.
  2. Manual partial closing
    If you want full control, you can still reduce positions manually.
    And the cool part is that you can do it not only for a single trade, but also for a whole group of trades. So if you抮e running multiple positions or even a grid, you can reduce everything by 50% with one click using Close Part.

If you want to see it on the chart step by step, here is the video.

Inserted Video

And if you want all the details and options explained clearly, the manual section is here as well.
Manual section (Partial Closing): https://www.investsoft.eu/blog/index...d_loss_closing
  • #529
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  • Feb 17, 2026 5:11pm Feb 17, 2026 5:11pm
He guys,

Can you explain me how I can use the right pipsize when I fill in a breakeven level or tp? My tp and be are moved to quickly.
  • #530
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  • Feb 17, 2026 5:56pm Feb 17, 2026 5:56pm
Hello, Mattibouwer

Without knowing the exact pip value (and contract specification) of the instrument, it抯 difficult to translate pips into exact account currency values

At the moment, Trade Manager MT5 does not allow you to define Break Even or TPactivation directly as a fixed amount in account currency. Everything is based on pips, price distance, or percentage logic
However, there is a workaround :

You can define Break Even or partial actions as a percentage of the distance to the final TP. That means:
1. First read how much your final TP represents in account currency
2. Then determine at what monetary level you want BE to activate
3. Convert that into a percentage of the total distance from entry to TP
4. Set that percentage in the Trade Manager MT5
It requires a small manual calculation, but once set correctly, it works consistently

We are considering adding the option to define these levels directly in account currency in one of the future updates, which would make this much more straightforward

Best Regards,
  • #531
  • Quote
  • Last Post: Feb 17, 2026 6:33pm Feb 17, 2026 6:33pm
Got it and thanks for the quick repsonse. Outstanding support and fast response times. This is an essential tool for any serious trader. The feature set is impressive and has significantly improved the quality and consistency of my trading. Keep up the good work team!
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