Step 1: File Preparation

• Download the compiled EA file from your account dashboard or grab the free demo package directly below.
• Use the .ex4 file for MT4 and the .ex5 file for MT5.
• Extract the files if they come in a ZIP package.

Step 2: Terminal Directory Placement

• Open MetaTrader and select File > Open Data Folder.
• Open MQL4/Experts for MT4 or MQL5/Experts for MT5.
• Copy the EA file into that folder.
• Restart MetaTrader or refresh the Navigator panel.

Step 3: WebRequest & Permissions

WebRequest is used only to verify your license with the Precision Trade Manager server. It does not place trades. The address must be on MetaTrader’s allowed URL list.

• Enable Allow Live Trading in the EA Common tab.
• Open Tools > Options > Expert Advisors.
• Enable Allow WebRequest for listed URL.
• Add this domain: https://precisiontrademanager.com

Direct Demo Access

• No Forms or Emails: Click and download instantly.
• No Symbol Restrictions: Fully functional across all symbols and currency pairs on demo accounts so you can test freely.
• Direct Download Link: Download DEMO.zip

Platform Guidelines

• MT4: install the .ex4 file in MQL4/Experts.
• MT5: install the .ex5 file in MQL5/Experts.
• MT4 and MT5 handle orders differently, so execution behavior can differ slightly.
• Check your broker’s symbol settings: minimum lot, volume step and stop levels.

Verification Steps

• The correct MT4 or MT5 file is installed.
• The EA is attached to the chart and symbol you want to trade.
• Global AutoTrading is on and Allow Live Trading is ticked.
• WebRequest is allowed for the Precision Trade Manager domain.
• Risk %, stop-loss, take-profit and position-size inputs match your plan.
• Broker minimum and maximum volume are checked.
• The whole workflow has been tested using our free demo download on a demo account.

How It Works

1. Click Buy or Sell once. One stop-loss line appears on the chart.
2. Drag the line to your stop-loss price.
3. Click the same button again.
4. The EA calculates the lot size from the risk % and the stop-loss distance, then sends the order.

How It Works

1. Set the entry and stop-loss with the normal Risk Manager workflow.
2. The EA calculates the full position size from your risk %.
3. If that size exceeds the per-order limit, it is split into several orders.
4. All split orders are sent with the same stop-loss.

How It Works

1. Click Set/Trade once. The order line and stop-loss line appear. If the Take Profit and Partial Profit buttons are already on in the settings panel, their lines appear too.
2. Drag each line to the price you want.
3. Click Set/Trade again to place the order.

How It Works

1. Click SL. One draggable line appears and shows your total money at risk as you move it.
2. Drag the line to the stop-loss level you want.
3. Click SL again. Every open order in the line’s direction gets its stop-loss moved there, with no limit on the number of orders.
4. The line disappears when the transfer is complete.

How It Works

1. Click TP. A draggable line appears and shows the potential profit as you move it.
2. Drag the line to your target price.
3. Click TP again. Every open order in that direction gets the new take-profit.
4. The line disappears after completion.

How It Works

1. Click PL. One draggable partial-profit line appears.
2. Drag it to the price where you want to take partial profit.
3. When price touches the line, half of the volume of every open order in that direction is closed. There is no limit on the number of orders.
4. The line is removed after the process finishes.

Two Modes

• BL (line): click BL to draw a trigger line. When price touches it, each order’s stop-loss moves to its own breakeven price.
• BE (instant): click BE to move all active orders to breakeven at once, for example during news.
• Fee-aware: commission and swap of each order are included individually. An adjustable buffer multiplier in the inputs adds extra fee coverage.

How to Activate Break Even From Behind

1. Open the TE panel on the chart.
2. The TE panel contains three buttons.
3. Click TB to create the Break Even From Behind line.
4. A horizontal Yellow-Green dotted line appears on the chart.
5. Drag the TB line to the price level where you want the reversal to trigger the trade-management action.

Buy Position – TB Below Price

For a Buy position, the TB line is placed below the current price.

1. Price moves above the TB line.
2. The TB line remains behind the current price.
3. Price reverses downward.
4. When price touches the TB line from above, the TB trigger is activated.
5. The action depends on whether the position is currently in profit or loss.

Buy → TB below price → downward reversal → TB touch → position management

Sell Position – TB Above Price

For a Sell position, the TB line is placed above the current price.

1. Price moves below the TB line.
2. The TB line remains behind the current price.
3. Price reverses upward.
4. When price touches the TB line from below, the TB trigger is activated.
5. The action depends on whether the position is currently in profit or loss.

Sell → TB above price → upward reversal → TB touch → position management

When the Position Is in Profit

If the position is in profit when price reaches the TB line, TB performs Break-Even protection.

• The position is moved to its true Break-Even level.
• Commission and Swap are included in the Break-Even calculation.
• The objective is to protect the profitable position while accounting for the actual trading costs.

Profit → Break-Even with Commission and Swap

When the Position Is in Loss

If the position is still in loss when price reaches the TB line, TB performs Loss Break-Even.

• The Take Profit is placed exactly at the original entry price.
• Commission and Swap are not added to the entry price.
• If price returns to the original entry, the position can exit and escape the loss.

Loss → TP exactly at Entry Price

Mode 1 — Pip-Based Trailing

1. Type the pip distance in the panel field and toggle the mode on.
2. Click TR to draw the orange trail line.
3. Trailing starts when price touches the line. Toggle TR off to stop it.

Mode 2 — Swing Trail

1. Choose which swing from price to follow (1st, 2nd, Nth) and set the timeframe in the inputs.
2. Toggle Swing Trail on in the panel and click TR for the orange line.
3. When price touches the line, the stop follows the chosen swing high or low instead of a fixed pip distance.

Mode 3 — Moving Average Trail

1. Set the timeframe, period, MA method and candle-close type in the inputs, and place the moving average on the chart with the same settings.
2. In the panel field, enter which candle’s time-intersection with the MA line sets the stop-loss position.
3. Click TR. Trailing starts when price touches the line.

TE – Instant

1. When your positions are in loss, click TE.
2. The take-profit of every open position moves to its own breakeven point. Commission and swap are calculated per order, not as one averaged level.

TE Line – Custom Target

1. Create the custom TE Line on the chart.
2. Drag it to the exit price you prefer.
3. When the BETE workflow triggers, the take-profit goes to your TE Line instead of the calculated breakeven price.

How It Works

1. Draw a trendline on the chart and rename the object to exactly BETE.
2. Select the monitoring timeframe in the EA inputs.
3. BETE checks the newly closed candle on the selected timeframe. The trigger occurs only when that candle’s close is on or beyond the BETE trendline in the opposite direction of the trade. Equality with the trendline counts as a trigger.
4. The EA does not trigger from price movement while the candle is still forming. The candle must close first.
5. Closed candles from before the BETE trendline was created are ignored. BETE begins monitoring the appropriate candle after the line creation time.
6. When the BETE condition is confirmed, profitable positions move to breakeven, losing positions receive Loss Break-Even (take-profit at the zero-cost exit point), and pending orders are deleted at the same moment.

How It Works

1. Place a chart text object containing exactly the single uppercase letter D. Any other text is ignored. Deleting the object turns the module off.
2. Choose the timeframe and minimum gap in the inputs.
3. When the pattern is confirmed, the EA acts instantly at the Open of the new candle. It does not wait for the candle to close.
4. It deletes pending orders in the opposite direction (same-direction pending orders stay), moves the stop-loss to breakeven on profitable positions, and moves the take-profit to breakeven on losing positions.
5. You get a MetaTrader pop-up alert and a mobile push notification.

How It Works

1. Set InpUseEquityProtection to True and enter the maximum equity drawdown you accept (for example 20%).
2. The EA monitors equity continuously. Nothing happens while the drawdown stays below your limit.
3. If the drawdown reaches or passes the limit, the EA closes only the losing trades on the symbol where the EA is running.
4. Winning trades on that symbol, and all trades (profit or loss) on other symbols, are not touched.

How It Works

1. Set the maximum daily loss percentage (for example 4%).
2. Choose Equity-based (includes floating profit and loss) or Balance-based calculation.
3. Set an early-warning distance. You get an audio-visual alarm before the cap is reached.
4. When the limit is breached, all open positions are closed.
5. Tracking resets automatically at broker-server midnight.

CA — Close All

1. Click CA. The label changes to OK as a safety confirmation.
2. Click OK to close every open position on the chart symbol.

CP — Close Profitable Positions

Expands under CA. Closes all positions that are in profit and leaves losing positions untouched.

CL — Close Losing Positions

Expands under CA. Closes all positions that are in loss and leaves profitable positions untouched.

× — Delete Pending Orders

Deletes every pending order on the chart symbol instantly, whatever the number.

RE — Reset

Clears all drawn management lines (for example after an accidental Buy, Sell or Set/Trade click) without placing or changing any order.

1. Smart Notify

Sends a push notification to your mobile when price touches a line. It works in three modes: a trendline, a horizontal line, and a vertical time line that sends the notification when price meets it.

• Repeat alerts: press the CO button to keep sending the notification after the touch. Set the interval (every minute, or every N minutes) in the inputs.
• Mobile push notifications must be set up in MetaTrader (Tools > Options > Notifications, with your MetaQuotes ID).

2. Checklist

Type your own checklist items, tick them off, and open the checklist panel on the chart before you enter a trade.

3. Clean

Clears all objects from the chart with one click. It keeps the Smart Notify lines, the EA lines, the BETE line, and the texts DB and D. The DB text is the one that removes the BETE line automatically after the Partial Manager performs a partial close, and D activates Dark Cloud Cover, so Clean keeps both.

4. Rectangle Snap

Snaps a rectangle to a candle’s high and low. It also snaps Smart Notify lines and the EA breakeven line.

• Click on a candle to place the line at its close or open.
• Click outside the candle to move the line to its high or low.
• The breakeven line can be set to 1:2: when you click the candle’s high or low, the line moves to twice that distance.

5. Trend Snap

Draws trendlines precisely. If you click a candle on the weekly chart, the line point is placed at that candle’s exact highest or lowest price as found on the 1-minute chart.

6. Distancer

Measures your reward ratio. Click below the candle, then above the candle, then at a farther point. Distancer divides the far distance by the candle’s high-low range and shows your profit ratio as 1:N.

How It Works

1. Attach the EA to an MT4 or MT5 chart.
2. The built-in template and panel position are applied automatically.
3. Disable Use Expert Custom Template & Colors to keep your own layout.

How It Works

1. Log in and open My Account → My Licenses.
2. Enter the account number you want to use.
3. Click Update. The license is active on the new account.

Troubleshooting Guide

• Why is the EA not trading? Check AutoTrading (green), Allow Live Trading, that the EA is attached to the chart, and your symbol’s trading conditions.
• Why is WebRequest failing? Check that WebRequest is enabled and https://precisiontrademanager.com is added exactly as written.
• Why can’t I switch my license? Open My Account → My Licenses and check that 12 hours have passed since your last account change.
• Why is the lot size different from what I expected? Check equity or balance, risk %, stop-loss distance, and the symbol’s minimum volume, maximum volume and volume step.
• How does Break Even From Behind work? TB places a Yellow-Green dotted line behind the current price. For Buy positions the TB line is below price and triggers when price reverses downward to it. For Sell positions the TB line is above price and triggers when price reverses upward to it. If the position is in profit, TB uses Break-Even with Commission and Swap included. If the position is in loss, TB places Take Profit exactly at the original entry price without adding Commission and Swap.
• Why did BETE or Dark Cloud not trigger? The BETE line must be named exactly BETE, and the Dark Cloud text must be exactly D.
• Why has BETE not triggered even though price crossed the line? BETE checks only closed candles on the selected timeframe. Wait for the candle to close on or beyond the line. Candles that closed before the line was created are ignored.
• Why was my BETE line removed after a partial close? If a text object exactly DB is on the chart when the Partial Manager performs a partial close, the BETE line is deleted automatically. Remove the DB text if you want to keep the line.
• Why does Dark Cloud alert more than once? The D object is not deleted automatically. Delete it after it fires.
• Why did Equity Protection not close my other symbols? It closes only the losing trades on the symbol where the EA is running.
• Why did a pending order not execute? Check the order price, your broker’s minimum distance, market status, trading session, symbol permissions and free margin.
• Why can MT4 and MT5 behave differently? The two platforms use different trading architectures and order models.
• Can I test on a demo account freely? Yes! You can download the free demo version instantly without any email or form requirements, with full support across all symbols.

Official Documentation

• MetaTrader 4 Official Help – MT4 terminal, settings, charts and automated trading.
• MetaTrader 5 Official Help – MT5 trading, charts, settings and algorithmic trading.
• MQL4 WebRequest Reference – HTTP requests and allowed URLs in MQL4.
• MQL5 WebRequest Reference – WebRequest in MQL5.