Forex Trade Management Expert MT4 Download – Free – [TradingFinder]

The Forex Trade Management Expert, developed by Trading Finder, is designed as an intelligent assistant for proprietary account traders and retail Forex market participants. The primary objective of this tool is to enhance precision, discipline, and risk control in the trading process, enabling traders to operate within a clear and manageable framework.

This Expert features a modular and flexible architecture, making it adaptable to various trading styles, including price action based strategies such as Inner Circle Trader (ICT), Smart Money, scalping, and more. In other words, each trader can configure it exactly according to their psychological, behavioral, and analytical preferences.

One of the standout features of this Expert is its drawdown-limiting capability. The trader can define a daily or percentage-based stop-loss for the account. Once this limit is reached, the Expert will automatically block any further trading. This function is particularly crucial in prop trading challenges or when managing real capital, serving as a key factor in long-term survival and risk mitigation.

Who Is This Tool Suitable For?

The Smart Forex Trade Management Expert is specifically designed for traders who value precise control, personal discipline, and professional risk management. This tool is particularly useful for those who fall into one of the following categories:

Prop Firm Traders

The Forex Trade Management Expert is specifically designed for use in prop firm accounts. During evaluation challenges, maintaining daily risk limits and strictly controlling drawdown are essential requirements. This Expert helps prevent violations of prop firm rules through features such as setting daily or percentage-based loss limits and automatically halting trading once those thresholds are exceeded.

Retail Forex Traders

Trading in the Forex market requires tools that enable precise management of entry and exit points, position sizing, risk exposure, and risk-to-reward ratios.

The Forex Trade Management Expert fully supports market and pending orders, allowing for multi-level take-profit (TP) and stop-loss (SL) settings, graphical position management, and the definition of virtual structures for TP and SL, delivering solid performance across varying market conditions.

Strategy-Oriented Traders

In structured trading strategies such as ICT, Smart Money, price action, or scalping, having a tool that aligns with the analytical framework is critical.

This Expert, with its high degree of customizability, enables trade execution strictly according to a predefined plan, helping avoid deviation from the intended trading structure.

Commitment to Trading Structure

In many trading styles, the lack of a defined structure when executing positions can lead to plan deviation, emotional interference, and behavioral errors.

This Expert establishes predefined capital management frameworks, trade limitations, and precise monitoring of trade volume and sequence, ensuring that each trading plan is implemented in a systematic, controlled, and measurable manner.

Forex Trade Management Expert – Specifications Table

The table below shows the specifications of the Smart Forex Trade Management Expert.

Indicator Categories:	Money Management MT4 Indicators Trading Assist MT4 Indicators Risk Management MT4 Indicators
Platforms:	MetaTrader 4 Indicators
Trading Skills:	Advanced
Timeframe:	Multi-Timeframe MT4 Indicators
Trading Style:	Day Trading MT4 Indicators Intraday MT4 Indicators Fast Scalper MT4 Indicators Scalper MT4 Indicators
Trading Instruments:	Commodity Market MT4 Indicators Stock Market MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators

Key Features of the Forex Trade Management Expert

This section introduces the core features of the Expert. Each function reflects a part of its intelligent system for trade management, risk control, and disciplined execution.

Strict Compliance with Prop Firm Rules

The Forex Trade Management Expert is specifically developed for prop firm traders, aiming to support strict adherence to the firm’s rules and prevent unintended violations.

It does not execute trades automatically and does not interfere directly in trading decisions. Instead, it provides a highly accurate control framework that helps avoid breaking many common prop firm rules.

Key capabilities include:

• Accurate control of daily and overall drawdown: By setting a maximum allowed loss per day or account-wide, the tool automatically disables further trading to prevent account failure
• Limiting the number of trades per day or week: This helps prevent overtrading or impulsive decision-making
• Economic news time filter: Using the "News" tab, the tool can block market entries during high-impact news periods
• Alerts or automatic shutdown when exceeding allowed profit/loss limits: Traders can define pip, profit, or loss thresholds for a day or week. If exceeded, the Expert disables further trades

Emotional Control and Discipline in Trading

Sustainable execution of a trading system relies not only on strategy, but also on how traders manage themselves in volatile market conditions.
When a predefined structure is missing in execution, decisions can become reactive and emotionally driven.
This Expert allows traders to define specific ranges for risk, loss, volume, and timing, helping establish a clear operational framework. It reduces reliance on mental focus or impulsive choices and supports consistent, structured behavior.

Smart Position Sizing Based on Capital, Stop Loss, or Pips

This Expert enables smart, automatic calculation of position size based on available capital, chosen risk percentage, maximum dollar loss, or stop loss distance (in pips).
Each trade is sized in proportion to real risk exposure, avoiding oversized or unsupported entries. This approach helps maintain consistency and protects capital over the long run.

Candle Countdown Timer for Better Decision-Making

Knowing the exact time left until a candle closes is especially important on lower timeframes or when waiting for confirmation-based entries.
This Expert features a real-time countdown for the active candle, allowing traders to evaluate entry timing with greater precision.

Graphical Trade Management with Advanced Features

The Expert allows users to perform key actions such as closing 50% of a position, activating trailing stop, or fully exiting trades directly from the chart.
No need to open separate windows or adjust internal settings everything is executable with a single click.

Visual Multi-Level Take-Profit and Stop-Loss Settings

Multiple levels of Take Profit (TP) and Stop Loss (SL) can be defined visually and incrementally right on the price chart.
This enables more precise planning of exit strategies, phased profit-taking, and flexible risk management adjustments.

Fast and Professional Graphical Trade Panel

The main graphical panel provides centralized control for placing orders, setting TP/SL, and adjusting key trade parameters.
All functions are available with minimal clicks, without manual data entry or switching between windows enhancing speed and maintaining execution accuracy.

How to Install and Set Up the Forex Trade Management Expert

For a step-by-step guide on how to install the Expert, refer to the content titled How to Install an Expert in MetaTrader 4.

This tutorial provides a complete visual walkthrough, including file placement, necessary settings, and important pre-execution notes.

Enabling DLL in MetaTrader 4

To ensure the Expert functions correctly, certain settings must be activated in MetaTrader. Follow these steps:

1. From the top menu of the platform, click "Tools" and open the "Options" window.
2. In the new window, go to the "Expert Advisors" tab.
3. In this section, enable the following options:

• Allow DLL imports
• Allow automated trading

Getting an Activation License

To activate the Expert and receive your free license code, you need to contact support after the first launch.

You can send your request via live chat on the website or through Telegram and WhatsApp.

Entering the License in the Expert

Once you receive your license code, enter it in the designated field inside the Expert panel to complete the activation process.

After running the Expert on a chart, the main panel will appear on the left side of the screen. At the bottom of this panel, there is a field labeled "Your License," where you must enter the code exactly as received and confirm.

Main Controllable Elements in the Forex Trade Management Expert

The Forex Trade Management Expert comprises several key components, each providing precise control over distinct aspects of the trading process. In this section, the core parts of the panel are reviewed.

Main Tade Management Panel

The main panel is the central interface for executing orders within the Expert. It allows for quick execution of Buy/Sell trades, setting pending orders, and customizing lot size, Take Profit (TP), and Stop Loss (SL) values with precision.

In the corner of this panel, a gear icon opens the compact settings panel (Settings). From this section, traders can manage features such as One Click Trading, virtual TP/SL, and profit/loss level displays.

Setting

• One Click trading: Enable/disable trading with or without confirmation
• Having to Take Profit: Enable/disable TP execution in trades
• Having Stop Loss: Enable/disable SL execution in trades
• Virtual TP & SL: Enable/disable the use of virtual TP/SL
• Partial Close: Enable/disable partial closing of 50% of trade volume
• Show all TP & SL: Switch orders from server-side to Expert's visible list

Panel

• Time to the next bar: Remaining time until the current candle closes

Order

• Buy and Sell: Execute instant market buy/sell orders
• p and SELL.p: Set pending buy/sell orders

Lot

• N/A: Define and adjust the lot size for entry

Risk

• SL type: Set Stop Loss based on dollar value ($), account balance percentage (%), or pip distance (P)

Reward

• Single TP RR: Define risk-to-reward ratio
• Multiple TP: Set multiple take-profit levels with specific values

PM

• B All: "Risk-Free all positions
• C All: Close all positions
• C Last: Close the last open position
• Visual: Show risk-to-reward ratios visually
• Position Management: Open the position management box
• Account Protector: Open the account protection management panel

Account Protector Panel

The Account Protector panel features a professional structure with seven functional tabs, enabling full customization tailored to any trading strategy.

This section is designed to help with risk control, loss limitation, position sizing, and avoiding high-risk behaviors such as overtrading or consecutive losses. It provides all the necessary tools to help traders maintain discipline and achieve consistent performance.

Clicking the "Account Protector" button at the bottom of the main panel opens this section for use.

Volume Tab

The Smart Forex Trade Management Expert provides a dedicated "Volume" tab inside the Account Protector panel, enabling traders to gain precise control over their risk exposure and trade volume.

In this tab, traders can set parameters such as maximum trade size per position, daily and weekly trade count limits, and overall volume restrictions, ensuring trades are executed within a well-defined and rational framework.

This feature plays a key role in minimizing emotional trading and encourages adherence to capital management rules and trading discipline.

• Max Trade Size: Set the maximum size allowed per trade
• Max Daily Size: Set the total daily trade volume limit
• Max Daily Number: Set the maximum number of trades per day
• Max Daily Seq Loss: Set the maximum daily losing streak
• Max Daily Seq Profit: Set the maximum daily winning streak
• Max Week Size: Set the total weekly trade volume limit
• Max Week Number: Set the maximum number of trades per week
• Max Week Seq Loss: Set the maximum weekly losing streak
• Max Week Seq Profit: Set the maximum weekly winning streak

Time Tab

The Time tab allows traders to restrict trading activity to specific, pre-approved time intervals.

By setting the start and end times for allowed trading sessions, users can avoid participating in periods of low volatility or high risk and stay aligned with their trading plan.

• Start Time: Set the allowed trading start time
• End Time: Set the allowed trading end time
• MON: Set Monday trading hours
• TUE: Set Tuesday trading hours
• WED: Set Wednesday trading hours
• THU: Set Thursday trading hours
• FRI: Set Friday trading hours
• SAT: Set Saturday trading hours
• SUN: Set Sunday trading hours

Profit/Loss Tab

The Profit/Loss tab enables traders to define and manage limits for daily and weekly profits or losses.

Traders can set these limits based on three key factors:

• Dollar amount
• Percentage
• Point value

The primary purpose of this tab is to prevent further losses and mitigate emotional reactions, such as revenge trading after a loss or overconfidence following a significant win.

• Max Day Profit: Set maximum daily profit using % / pips/dollars
• Max Day Loss: Set maximum daily loss using % / pips/dollars
• Max Week Profit: Set maximum weekly profit using % / pips/dollars
• Max Week Loss: Set maximum weekly loss using % / pips/dollars

Symbol Tab

This tab enables traders to specify which symbols are permitted for trading, thereby preventing them from executing trades on unapproved or off-plan instruments.

• Current Chart: Allow trades only on the current chart
• All Charts: Allow trades on all charts
• Market Watch: Allow trades on Market Watch symbols
• Symbols: Allow trades only on selected symbols

Trades Tab

The Trades tab is an informational section that displays the overall account status. By analyzing this data, traders can assess their daily and weekly performance and decide whether to continue with their current strategy or make adjustments.

Displayed info includes:

• Daily and weekly starting balances
• Daily and weekly profit/loss
• Winning/Losing streaks
• Daily and weekly drawdowns

Clicking the "DATA TAB" opens a live status panel at the lower left of the screen for real-time account monitoring.

• Start Day Bal: Starting balance of the day
• Start Week Bal: Starting balance of the week
• Day Profit: Daily profit
• Week Profit: Weekly profit
• Seq Profit: Consecutive wins
• Seq Loss: Consecutive losses
• Daily DD: Daily drawdown
• Weekly DD: Weekly drawdown

TP & SL Tab

This tab allows traders to configure whether Take Profit and Stop Loss levels are mandatory or optional for each trade.

If a trade is placed without these levels, the system will notify the user with a warning to prevent unmanaged risk.

Additionally, traders can define the maximum allowed adjustment for TP and SL levels, helping to eliminate emotional manipulation of trades.

Take Profit

• obligatory TP: Enable/disable mandatory TP setting
• alert after X min: Set time delay for TP warning

Stop Loss

• obligatory SL: Enable/disable mandatory SL setting
• alert after X min: Set time delay for SL warning
• Moving SL: Define max allowed SL adjustment
• Moving TP: Define max allowed TP adjustment

News Tab

The final tab is dedicated to displaying high-impact economic news. This tab allows traders to stay informed about the timing and potential market impact of major economic events.

To activate the new functionality, WebRequest access must be enabled in MetaTrader 4 first.

Follow these steps to enable it:

1. From the top menu in MetaTrader 4, select "Tools," then go to "Options."
2. In the window that appears, open the "Expert Advisors" tab
3. Enable the checkbox: "Allow WebRequest for listed URL."
4. Paste the following URL into the specified field: https://nfs.faireconomy.media/

This tab displays the real-time status of upcoming high-impact news events.

Traders can define a safe trading window by setting the Time before and after news releases, preventing trade execution during highly volatile and risky periods.

The tab also allows users to specify how long the news should remain visible and to configure alerts for eight major Forex currencies.

• Limit Before: Set whether to show/hide news before its release
• Limit After: Set whether to show/hide news after its release
• Check Time (min): Define the display duration for news events
• Symbol: Select trading symbols for which news should be displayed
• All News: Enable/disable the display of all news items
• Last News: Enable/disable the display of only the most recent news

Structured Trade Execution Using the Expert

The Forex Trade Management Expert is designed to simplify trade execution while maintaining precise control over key trading parameters.

This tool enables traders to manage entries, exits, position size, risk, and profit/loss with ease, eliminating technical complexity.

In this section, two practical examples (Buy and Sell) demonstrate how the Expert operates in real market scenarios, showcasing its structured and intelligent approach to trade management.

Buy Trades Using the Expert

On the 30-minute chart of the NASDAQ (NDQ100), a buy trade has been executed using the Smart Forex Trade Management Expert.
With its advanced capital management framework, this Expert gives traders access to a simple yet highly functional main panel for precise trade control.

The tool features a professional management box offering quick access to functions like Break Even, Partial Close, and Close All Active Trades.

At the same time, full details for each trade including order type, volume, live profit/loss, risk management status, and other key metrics are displayed in the dedicated trade management section. This enables quick monitoring and fast, accurate decision-making.

Sell Trades Using the Expert

On the 4-hour chart of the GBP/USD currency pair, a sell trade was executed with a defined Stop Loss and multiple Take Profit levels.

The Forex Trade Management Expert is designed for prop firm traders, helping them manage trades quickly and systematically in line with their personal trading plans.

A key feature of this tool is Multi Take Profit, which lets traders secure profits step-by-step as the price moves in their favor.

Upon entering a trade, the trader has access to three essential tools:

• Close All: Exit all positions
• Break Even: Move SL to break-even
• Partial Close: Close part of the trade to lock in partial profits

Conclusion

The Smart Forex Trade Management Expert is a powerful solution for capital and risk management, specifically designed for prop firm traders.

With a full suite of professional features and complete customizability, it allows traders to control their trading activity precisely—based on their personal trading style, strategy, and plan.

Using this tool, traders can maintain discipline, avoid emotional reactions to market volatility, and stay focused on structured execution.

Features like position sizing, risk-to-reward settings, and instant or pending order placement make this Expert a smart and reliable assistant for professional traders.

Additionally, users can customize the panel to fit strategies like ICT or Smart Money approaches, maintain performance consistency, and avoid account drawdowns or margin calls.