Forex Trade Management Expert MT5 Download – Free – [TradingFinder]

The Trading Finder Forex Trade Management Expert Advisor has been developed as an intelligent assistant for traders active in prop firm accounts and the Forex market. This tool is designed to improve accuracy, establish order, and strengthen risk control throughout the trading process, enabling users to execute their trades within a manageable and structured framework.

The structure of this Expert Advisor is modular and customizable, allowing compatibility with various trading methods, including price action-based techniques such as ICT, Smart Money strategy, scalping, and other styles. Each trader can personalize this tool according to their psychological, analytical, and behavioral needs.

One of the standout features of this Expert Advisor is its ability to set drawdownlimits. The trader can define a daily loss cap or a specific percentage threshold for their account. If that threshold is reached, trading activities will automatically halt. This feature plays a crucial role in capital preservation and risk reduction, especially in professional scenarios such as prop firm challenges or real investments.

Who Is This Tool Suitable For?

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

Prop Firm Traders

The Forex Trade Management Expert Advisor has been specifically developed for use in prop firm accounts. During the account evaluation phase, adhering to daily risk limits and maintaining tight drawdown control is crucial.

With the ability to define a daily loss cap or percentage limit and automatically suspend trading activities upon breaching those thresholds, this Expert Advisor prevents violations of prop firm rules and ensures a structured and stable trading environment.

Retail Forex Traders

Operating in the Forex market requires tools that offer precise control over entry and exit points, trade volume, risk management, and reward-to-risk ratios.

The Forex Trade Management Expert Advisor offers comprehensive support for instant trades and pending orders, step-based take-profit (TP) and stop-loss (SL) settings, visual position management, and the ability to define virtual take-profit (TP) and stop-loss (SL) structures, delivering effective performance under various market conditions.

Strategy-Oriented Users

In structured strategies like ICT, Smart Money, Price Action, or Scalping, the exact alignment of trading tools with the analytical approach plays a key role.

This Expert Advisor, with its advanced customization options, enables trades to be executed by predefined plans, thereby preventing deviations from the strategic framework.

Adherence to Trading Structure

In many trading strategies, a lack of a coherent structure in executing positions can lead to plan deviation, emotional interference, and behavioral errors.

By offering predefined frameworks for capital management, trade count control, and precise monitoring of volume and order sequencing, this Expert Advisor enables the implementation of any strategy in a measurable, orderly, and controlled manner.

Forex Trade Management Expert Advisor Specifications Table

The specifications of the smart Forex Trade Management Expert Advisor are presented in the table below.

Indicator Categories:	Money Management MT5 Indicators Trading Assist MT5 Indicators Risk Management MT5 Indicators
Platforms:	MetaTrader 5 Indicators
Trading Skills:	Advanced
Timeframe:	Multi-Timeframe MT5 Indicators
Trading Style:	Intraday MT5 Indicators Scalper MT5 Indicators Day Trading MT5 Indicators Fast Scalper MT5 Indicators
Trading Instruments:	Forex MT5 Indicators Crypto MT5 Indicators Stock MT5 Indicators Commodity MT5 Indicators

Key Features of the Forex Trade Management Expert

This section outlines the key features of the expert. Each of these capabilities plays a crucial role in trade management, risk control, and maintaining discipline throughout the trading process.

Strict Compliance with Prop Firm Rules

The Forex trade management expert is specifically designed for traders operating prop firm accounts, where strict compliance with firm rules is mandatory.

This tool does not intervene in trades directly it doesn’t automatically open or close any positions. Instead, it establishes a precise monitoring system that effectively prevents violations of common prop firm rules.

Key features supporting this goal include:

• Precise control over daily and total drawdown:
• By setting a limit on daily or total account loss, the expert automatically halts trading to avoid account violations;
• Limit on the allowed number of trades per day or week:
• This prevents overtrading and impulsive decision-making;
• Economic news time filter:
• Through the “News” tab, the expert blocks market entry during sensitive periods before and after major economic announcements;
• Alerts or auto-stop on breaching profit/loss thresholds:
• Traders can define limits for Profit, loss, or pip amounts in daily or weekly intervals. Once exceeded, the expert halts trading automatically.

Emotional Control and Discipline in Trading

Consistency in executing a trading system doesn’t rely solely on strategy. The trader’s ability to handle changing market conditions is equally critical.

This expert enables the precise definition of risk levels, loss limits, trade volumes, and active hours, thereby establishing a structured execution routine.

This structure reduces emotional trading, enabling traders to operate in a disciplined and purposeful manner.

Position Sizing Based on Capital, SL, and Pip Distance

This expert features automatic and intelligent position size calculation, where the lot size is accurately determined based on available capital, the selected risk percentage, the desired dollar loss, or the distance to the stop-loss (SL).

Using this mechanism, every trade is aligned with true account risk, avoiding oversized or irrational entries.

This plays a vital role in strategy stability and long-term capital protection.

Candle Countdown Timer for Better Decision-Making

Knowing the exact time remaining in the current candle is especially important in lower timeframes or when entries depend on candle confirmations.

This trading tool features a countdown timer for the active candle, helping traders identify optimal entry moments or await final confirmation.

Smart Exit from Trades

Key management functions, such as closing half of the position, activating a trailing stop, or fully exiting a trade, are available directly through the graphical interface on the chart.

All essential controls are accessible with a single click, without needing to access internal settings or open additional windows.

Visual Placement of Multiple Take Profit and Stop Loss Levels

Users can visually define and adjust multiple TP (Take Profit) and SL (Stop Loss) levels directly on the price chart in a step-based manner.

This enables the precise planning of exit structures, providing traders with the flexibility to secure profits in stages or manage risk in a controlled and adaptive manner.

Trade Management via Fast and Professional Graphic Panel

The main graphical panel of the expert provides all key operations including order placement, TP/SL settings, and other vital configurations within a centralized and integrated interface.

All necessary functions are executable in just a few clicks, with no need for manual input or switching between multiple windows.

This design enhances both execution speed and accuracy, supportingeffectiveimplementation of trading strategies.

How to Install and Set Up the Forex Trade Management Expert

To learn how to install the expert, please refer to the guide on installing an expert on MetaTrader 5. This tutorial explains all the steps, including file placement, required settings, and important notes, clearly and with illustrations, before running the expert.

Enabling “DLL” in MetaTrader 5

To run the expert, it is necessary to activate specific settings in the MetaTrader 5 platform. Follow the steps below:

1. From the top menu of MetaTrader, select “Tools” and go to “Options”
2. In the popup window, open the “Expert Advisors” tab
3. In this section, enable the following options:

• Allow DLL imports
• Allow automated trading

Getting the Activation License

To activate the expert and receive a free license key, simply contact the Trading Finder support team after the first launch.

You can send your request via the website’s live chat or through messaging platforms like Telegram and WhatsApp.

Entering the License in the Expert

Once you receive your license key, enter it in the designated area within the expert’s panel to complete the activation process.

When the expert is launched on a chart, the main panel appears on the left side of the screen.

At the bottom of this panel, you will see a field labeled “Your License,” where the license key must be entered.

Enter the code exactly as received and confirm it to finalize the activation.

Main Controllable Elements in the Forex Trade Management Expert

The Forex trade management expert consists of multiple main components, each helping to precisely control specific aspects of the trading process.
This section reviews the key elements of the panel individually.

Main Trade Management Panel

The main trade management panel serves as the central hub for executing trading commands within the expert.
This section enables quick execution of buy and sell orders, setting pending orders, and accurately configuring trade volume, Take Profit (TP), and Stop Loss (SL).
In the corner of this panel, a gear icon is visible clicking it opens the compact settings panel.
From there, users can manage options like One-Click trading, virtual TP/SL, and the display of profit and loss levels.

Settings

• One Click trading: Enable/disable one-click trading with or without confirmation
• Having Take Profit: Enable/disable TP setting for trades
• Having Stop Loss: Enable/disable SL setting for trades
• Virtual TP & SL: Enable/disable use of virtual TP and SL
• Partial Close: Enable/disable partial close (50%) of trade volume
• Show all TP & SL: Move trades from server mode to the expert’s list display

Panel

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

Order

• Buy and Sell: Instant execution of buy and sell orders
• p and SELL.p: Setting up buy/sell pending orders

Lot

• N/A: Define and configure the trade entry volume

Risk

• SL type: Set stop-loss based on dollar amount ($), balance percentage (%), or pip count (P)

Reward

• Single TP RR: Define risk-to-reward ratio for single TP
• Multiple TP: Set multiple Take Profit levels with predefined values

PM

• B All: Apply “Risk Free” to all trades
• C All: Close all positions
• C Last: Close the most recent position
• Visual: Visually display the risk-to-reward ratio
• Position Management: Open the trade management box panel
• Account Protector: Open the account protection management panel

Account Protector Panel

The Account Protector panel is professionally designed and features seven functional tabs, offering full customization tailored to the trader's style.

This section focuses on risk management, loss control, position sizing, and prevention of high-risk behaviors such as overtrading or consecutive losses. It equips traders with the tools necessary to maintain discipline and consistency in performance.

To access this panel, simply click the "Account Protector" button at the bottom of the main panel.

Volume Tab

The Volume tab in the Account Protector panel of the Forex trade management expert provides precise control over risk levels and position sizing.

This section enables traders to set limits, including maximum trade size, maximum number of trades, and total volume, across both daily and weekly periods.

This tool helps traders operate within a clear, logical framework, preventing emotional or off-plan trades.

• Max Trade Size: Set maximum size per trade
• Max Daily Size: Set maximum total daily volume
• Max Daily Number: Set the maximum number of trades per day
• Max Daily Seq Loss: Set the max sequence of daily losses
• Max Daily Seq Profit: Set the max sequence of daily profits
• Max Week Size: Set maximum total weekly volume
• Max Week Number: Set the maximum number of weekly trades
• Max Week Seq Loss: Set max sequence of weekly losses
• Max Week Seq Profit: Set the max sequence of weekly profits

Time Tab

The Time tab allows traders to restrict market access to specific predefined hours.

By activating this feature, you can define time windows to start and stop trading, preventing entries during low-liquidity, high-risk, or out-of-plan hours.

• Start Time: Set trading start time
• End Time: Set trading end time
• MON-SUN: Select each trading day and define the allowed hours for each day

Profit/Loss Tab

This advanced tab offers precise control over daily and weekly profits and losses.

Traders can define limits using one of the following metrics:

• Dollar amount
• Percentage of account balance
• Pip value

The main goal is to halt trading when the trader is emotionally unbalanced—e.g., to avoid greed after profits or reckless trading after losses.

• Max Day Profit: Set max daily profit by %, pips, or $
• Max Day Loss: Set max daily loss by %, pips, or $
• Max Week Profit: Set max weekly profit by %, pips, or $
• Max Week Loss: Set max weekly loss by %, pips, or $

Symbol Tab

This tab enables traders to define allowed trading symbols, ensuring that trades are only executed on pre-approved assets. This keeps focus aligned with the strategy and prevents off-plan trades.

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

Trades Tab

This informational tab provides an overview of the account's current state, allowing traders to assess daily and weekly performance.

Key data, including balance, profit/loss, streaks, and drawdowns, are displayed.

Clicking "DATA TAB" opens a real-time info panel at the bottom left of the screen.

• 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 winning trades
• Seq Loss: Consecutive losing trades
• Daily DD: Daily drawdown
• Weekly DD: Weekly drawdown

TP & SL Tab

In this tab, traders can control whether setting Take Profit and Stop Loss levels is mandatory or optional.

If a trade is placed without a TP or SL, the system sends alerts to warn the user—encouraging strict risk management.

A limit on TP/SL movement can also be set to prevent emotional tampering or irrational decision-making.

Take Profit

• obligatory TP: Enable/disable mandatory Take Profit
• alert after X min: Alert delay for missing TP

Stop Loss

• obligatory SL: Enable/disable mandatory Stop Loss
• alert after X min: Alert delay for missing SL
• Moving SL: Set max allowed SL adjustment
• Moving TP: Set max allowed TP adjustment

News Tab

The final tab relates to the display of major economic news. This section provides important news alerts to help traders make more informed decisions, taking into account the potential impact of economic events on the market.

To use this feature, you must first enable the "WebRequest" option in MetaTrader 5 settings.

Follow these steps to activate the News tab in MetaTrader 5:

• From the top menu in MetaTrader 5, select "Tools" and go to "Options";
• In the popup window, open the "Expert Advisors" tab;
• Enable the option "Allow WebRequest for listed URL";
• Then enter the following address in the corresponding field:
• https://nfs.faireconomy.media

This section displays the real-time status of high-impact news releases.

Traders can define a time buffer before and after the news to create a safe zone for entering trades, helping to avoid volatile and high-risk periods.

Additionally, this section allows users to set the warning time before a news release and the duration the alert remains active after the event.

News display in this section can be enabled and managed for eight major Forex currencies.

• Limit Before: Set to show/hide news before release
• Limit After: Set to show/hide news after release
• Check Time (min): Set the display duration of news alerts (in minutes)
• Symbol: Select trading symbols for which news is shown
• All News: Enable/disable the display of all news;
• Last News: Enable/disable the display of the most recent news

Structured Trade Execution with the Expert

The Forex trade management expert is designed to simplify trade execution while maintaining full control over critical parameters.

This tool allows traders to manage entries, exits, position sizing, risk, and profit/loss levels without needing to deal with technical complexities.

In this section, two practical trading scenarios(one for buy and one for sell) demonstrate how the expert functions in real market conditions clearly and effectively.

Buy Trades Using the Expert

On the 1-hour chart of AUD/USD, a buy position has been executed using the trade management expert.

The expert enables traders to maintain full control over buy-side trades.

Additionally, a separate trade management box offers real-time monitoring and control of open positions.

Sell Trades Using the Expert

On the 1-hour chart of Brent Crude Oil, a sell position has been executed using the Forex trade management expert.

Traders using prop firm accounts can manage their sell-side trades with greater structure and precision using this tool.

Through its dedicated panel, the expert allows for setting multiple Take Profit levels, enabling the trader to define various price targets for exiting the trade.

Additionally, near the entry point, quick-access tools enable immediate control of open trades, facilitating faster decision-making.

Conclusion

The Smart Forex Trade Management Expert is a specialized and advanced tool for capital control and risk management, specifically tailored for prop firm accounts.

With its professional-grade features and complete customizability, it empowers traders to take full control of their trades based on personal strategy, trading style, and a predefined plan.

This tool helps traders stay focused on consistent and accurate execution, avoiding emotional reactions to market fluctuations or prevailing sentiment, and making it highly effective for trading psychology and behavior management.

With features such as precise position sizing, risk and reward configuration, and instant or pending order execution, this expert becomes a smart and powerful assistant for professional traders.

Traders can tailor the panel to fit approaches such as ICT and Smart Money, supporting disciplined execution and reducing the risk of margin calls.