Sinan  Aydın

Writer:

Sinan Aydın
Ram Nisha

Reviewer:

Ram Nisha
Modified:
15

Entry TP & SL Time Trader Manager Expert for MetaTrader 5 – [TradingFinder]

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MetaTrader4

MetaTrader5

$4FreeFor a limited time
Entry TP & SL Time Trader Manager Expert for MetaTrader 5 – [TradingFinder]
Entry TP & SL Time Trader Manager Expert for MetaTrader 5 – [TradingFinder] 0
Entry TP & SL Time Trader Manager Expert for MetaTrader 5 – [TradingFinder] 1
Entry TP & SL Time Trader Manager Expert for MetaTrader 5 – [TradingFinder] 2
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The Entry TP & SL Time Trader Manager is an innovative and semi-automated tool on the MetaTrader 5 platform that helps with precise trade entry, exit, and timing.

This trading tool enables traders to manage their trades with more accuracy and discipline by offering complete control over entry conditions, position size, and timing.

Specifications Table for Entry TP & SL Time Trader Manager on MetaTrader 5

The table below outlines the features of this trade entry management expert advisor.

Indicator Categories:
Trading Assist MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Elementary
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators

Overview of Entry TP & SL Time Trader Manager

The EA uses an interactive structure that allows users to first input the position type, trade volume, and entry conditions through the dedicated Trading Finder panel.

Then, by setting a timeline on the chart, the exact execution time for the entry order is scheduled, enabling precise, predetermined entries.

Trade Entry Activation Steps

The activation steps for the Entry TP & SL Time Trader Manager Expert Advisor are as follows:

#1 Start the Entry Process

Click the "Open" button located on the left panel of the chart to initiate the trade entry process.

#2 Choose Trade Type

In the right-hand box:

  • A small window pops up to collect entry information from the user;
  • Enter the position type (Buy or Sell) and desired lot size, then click Confirm.

#3 Set Entry Time

After selecting the position type:

  • A green dashed vertical line appears on the chart;
  • This green line represents the scheduled trade time, and it can be moved forward on the chart.

#4 Entry Condition

The EA only opens a position when both of the following conditions are met:

  • The market crosses the green timeline (time condition);
  • The price reaches the predefined entry level (price condition).

Note: Throughout all steps, execution status can be monitored via the "Expert" tab in the "Toolbox" section of MetaTrader. Any changes, alerts, or executions will be displayed there.

Activation steps of Entry TP & SL Time Trader Manager on MetaTrader 5
Tutorial for time setup and activation of Entry TP & SL Time Trader Manager EA

Trade Exit Steps

The Entry TP & SL Time Trader Manager EA allows timed and partial trade exits. The closing process is performed with precision and without real-time trader intervention, as follows:

#1 Close Panel

Click the "Close" button on the EA's left panel. A new panel opens on the right side of the chart, displaying exit settings.

#2 Choose Exit Type

At the top row, three filters help manage trade closing:

  • L (Loss): Close losing trades;
  • P (Profit): Close profitable trades;
  • P&L: Close trades regardless of profit or loss.

Note: This helps traders focus only on specific trade types.

#3 Set Exit Percentage

In the second row, numeric options (100%, 50%, 25%) define how much of the position to close:

  • 25%: Closes one-fourth of the position;
  • 50%: Closes half of the position;
  • 100%: Closes the entire position at the scheduled time.

#4 Schedule Exit Time

After selecting the exit type and percentage, a red dashed vertical line appears on the chart. This line represents the scheduled exit time and can be moved forward on the chart.

#5 Confirm & Execute

After setting the exit conditions and time, click Confirm to save the instruction.

At the scheduled time, if the price is within market range, the EA will automatically close the position (or part of it) without manual intervention.

Steps for closing trades with the Entry TP & SL Time Trader Manager
How to select the exit type and percentage in the Entry TP & SL Time Trader Manager EA

Conclusion

The Entry TP & SL Time Trader Manager provides precise control over time, volume, and market conditions, making it an ideal tool for managed trading in financial markets such as Forex and Cryptocurrency.

Key features include: Scheduled entry and exit, Position filtering based on profit/loss status, Partial closing of positions by percentage.

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FAQs

How does the Entry TP & SL Time Trader Manager EA schedule trade entries?

It uses an adjustable green vertical line on the chart to set the entry time. The trade triggers only if both the candle crosses this line and the price hits the target level.

Can this EA be used for short-term strategies, such as scalping?

Yes. Due to its precision in both timing and price, it is well-suited for scalping strategies and fast entries.

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