Risk-based lot calculation
Calculate trade size using percentage risk, money risk or fixed lot settings instead of manually calculating position size before every trade.
MetaTrader 4
MT4 Trade Manager
The DaneTrades MT4 Trade Manager is built for manual traders who want to stop fighting the MetaTrader interface and manage trades with more control. Calculate risk, place orders, manage open positions, control pending orders and monitor account performance from one tool.
- Built for MetaTrader 4
- Available on MQL Market
- Manual trading utility
- User guide and demo available
Manual trading
Built for manual MT4 traders
Manual trading can become messy when you are calculating lot size, adjusting stops, setting take profit levels, managing pending orders and trying to stay within daily risk limits at the same time.
The MT4 Trade Manager gives you a cleaner way to manage those actions directly from the chart, without turning your trading into a fully automated strategy.
Features
Core features
Break-even and trailing stop tools
Move trades to break-even manually or use automatic break-even settings based on RR, pips or price. Use trailing stop settings to help manage trades as price moves.
Partial close management
Take partial profits manually or configure automatic partials based on RR, pips or price levels.
Daily risk controls
Set max daily loss and max daily profit controls in percentage or money terms. These controls can help reduce emotional trading and overtrading.
Pending order management
Use market and pending orders, close pending orders quickly, trail pending orders and apply rules for when pending orders should be removed.
Trade restriction settings
Limit trades by month, week, day, hour or minute to help stop overtrading and revenge trading.
Account statistics
View account performance and trading statistics such as win rate, loss rate, total trades and recent performance.
Hotkeys and quick actions
Use customisable hotkeys and quick buttons for common trade management actions.
Prop firms
Useful for prop firm trading
Prop firm traders need to manage more than entries. Daily drawdown, open exposure, trade frequency and emotional decision-making can all become problems. The MT4 Trade Manager gives you controls for max daily loss, max daily profit, max open trades, partials, break-even and trade restrictions so you can manage execution more carefully.
It does not guarantee passing a prop firm challenge.
Mobile
Mobile trade handling
The Trade Manager can help manage trades opened from mobile by calculating risk for supported mobile trade workflows. This is useful when you enter from your phone but still want the desktop Trade Manager to apply risk and management rules.
Scope
What this is not
This is not a signal service, trade copier or guaranteed trading system. It does not decide your entries for you. It is a manual trading utility designed to help you execute and manage your own trades more cleanly inside MetaTrader 4.
Getting started
How to try it
The user guide includes setup instructions and demo access. Install the correct MT4 version, add it to MetaTrader 4, then use the guide to configure the panel for your trading style.
FAQ
Common questions
Does this work with MetaTrader 4?
Yes. This page is for the MT4 version of the DaneTrades Trade Manager.
Is this a trade copier?
No. This is not a trade copier. It is a manual trade management panel for MetaTrader 4.
Does it place trades automatically?
It can manage trade actions based on the settings you configure, but it is not a trading strategy or signal system. You remain responsible for your own entries and trading decisions.
Can I use it for prop firm trading?
Yes, it can be useful for prop firm traders because it includes controls such as max daily loss, max daily profit, max open trades, break-even tools, partials and trade restrictions. It does not guarantee passing any challenge.
Where do I buy it?
The MT4 version is available through MQL Market.
Is there an MT5 version?
Yes. The MT5 version is available on the MT5 Trade Manager page.
Get started
Use the MT4 Trade Manager inside MetaTrader 4
Manage risk, entries, exits, partials, break-even and daily limits from one practical MT4 panel.