ATAI Basket Money Manager
One basket. Clear money-based exit rules.
A free MT5 exit manager for positions you choose. Monitor the basket’s floating result, set a cash loss threshold, lock part of an improving profit and trail it through three stages. It does not open trades, generate entries or cancel pending orders.
Download your edition.
A free ATAI account gives you access to these downloads. No purchase is required.
Compiled files · Install in the desktop terminal’s Experts folder · Full settings remain available
- Free · MT5 · no licence key
- Filter by symbol, magic number and direction
- Combined or separate buy/sell baskets
- Money-based virtual loss limit
- Initial profit lock + three trailing zones
- Gross P/L and trading costs shown separately
You stay in control of the entries. Read the management scope and exit behaviour before enabling Algo Trading.
Install on MetaTrader 5
- Download the MT5 .ex5 file below. Sign in to your free ATAI account if asked. No purchase, licence key or source-code compilation is required.
- In the exact MetaTrader terminal you use for this account, choose File → Open Data Folder. Open MQL5 → Experts and copy the .ex5 file into that folder. Do not use MQL4, Indicators or the terminal installation folder.
- Return to MetaTrader. Open Navigator (Ctrl+N), right-click Expert Advisors and choose Refresh. If the tool is missing, restart this terminal and check that you copied the file into its own data folder.
- Open the instrument you want to manage and drag the EA from Navigator onto its chart. The chart timeframe does not set its exit rules. Review Inputs before clicking OK.
- Enable Algo Trading on the terminal toolbar and Allow Algo Trading in the EA’s Common tab. Your account must allow trading; an Investor/read-only login cannot send or modify orders. DLL imports and WebRequest access are not required for this tool.
- Keep MetaTrader open, connected and awake while management is needed. Use separate charts for separate EAs: attaching another EA to the same chart replaces the current one.
Choose exactly which positions to manage
- With no positions open, attach the EA and review its filters. By default it manages manual positions (magic 0) on the current chart symbol, with buys and sells combined.
- To manage another EA’s positions, set MagicNumberToManage to that EA’s magic number and keep ManageOnlyThisMagic = true. Setting that filter false includes all magic numbers within the selected symbol/direction scope.
- Keep ManageCurrentSymbolOnly = true for a single instrument. If you set it false, eligible positions across the account are combined in money terms; one chart price cannot represent that multi-symbol basket.
- Set HardSLMoney, the initial profit lock and trailing-zone values in the account’s displayed currency. Verify the selected position count, lots and gross P/L on the dashboard before relying on them.
- Enable Algo Trading and keep the terminal running. There is no Start button: monitoring starts when the EA is attached and the selected positions are present.
What 5 and 1 mean
With UseRiskFreeSL = true, RiskFreeStartProfit = 5 and RiskFreeLockProfit = 1, the EA waits until the selected basket reaches +5 of gross floating profit. It then sets a virtual close threshold at +1. If gross profit falls back to that level, it requests closure of the selected positions. It does not close merely because profit first reaches +5.
These are account-currency amounts. On a USD account they mean $5 and $1; on a cent-denominated account they are displayed cents. They are neither gold-price distances nor percentages of equity.
The input name UseRiskFreeSL does not mean risk is eliminated. This is a local profit lock based on gross profit; commission, swap, spread changes, slippage and execution delay can make the final net result different.
How the default trailing zones workClick to view defaults and explanations
| Setting / stage | Default | Meaning |
|---|---|---|
| Before the +5 trigger | −20 gross close threshold | HardSLMoney = 20 requests closure when the selected basket’s gross P/L reaches −20. |
| From +5 peak | +1 gross lock | The initial lock is active. It protects a money threshold rather than closing the basket immediately. |
| Zone 1: peak ≥20 | 50% giveback | Protect 50% of the highest observed gross profit. A +40 peak gives a +20 close threshold. |
| Zone 2: peak ≥200 | 25% giveback | Protect 75% of the peak. A +200 peak gives a +150 close threshold. |
| Zone 3: peak ≥1000 | 10% giveback | Protect 90% of the peak. A +1000 peak gives a +900 close threshold. |
How the exit is calculated
The active trailing formula is peak gross profit × (1 − giveback percentage / 100). The EA keeps the highest protection level already established in the current running basket, including an active initial profit lock or a higher manual lock. A return to or below that close level triggers close requests.
Gross floating P/L drives the rule. Commission and swap are displayed separately, with an estimated net figure. A gross +1 close level is not a promise of +1 net profit, and a −20 trigger is not a guaranteed maximum realised loss.
The EA sends close requests for the selected open positions. It does not cancel pending orders, and those orders can subsequently open new positions. Check the Trade tab and Experts log to confirm every requested close was accepted.
Settings: scopeClick to view defaults and explanations
| Setting / stage | Default | Meaning |
|---|---|---|
| ManageCurrentSymbolOnly | true | Only the chart symbol. False includes other symbols that pass the remaining filters. |
| MagicNumberToManage | 0 | Magic number identifying the positions to manage; 0 normally means manual trades. |
| ManageOnlyThisMagic | true | Enforce MagicNumberToManage. False removes this filter. |
| ManageBuyPositions | true | Include buy positions. |
| ManageSellPositions | true | Include sell positions. |
| ManageBuyAndSellTogether | true | Combine selected buys and sells into one cash basket. False manages a buy basket and a sell basket independently, each with its own peak and thresholds. |
Settings: money thresholdsClick to view defaults and explanations
| Setting / stage | Default | Meaning |
|---|---|---|
| HardSLMoney | 20.0 | Positive gross-loss threshold in account currency. A value of 20 represents −20, not +20. This version requires a value above zero; 0 is not a disable switch. |
| UseRiskFreeSL | true | Enable the initial virtual profit lock. False disables this early lock, not the three trailing zones. |
| RiskFreeStartProfit | 5.0 | Peak gross profit needed to activate the early lock. A non-positive value prevents this early trigger. |
| RiskFreeLockProfit | 1.0 | Gross money level to protect once the early trigger is reached. It is constrained between 0 and the trigger amount. |
| Zone1StartProfit | 20.0 | Peak gross profit needed to enter the first trailing region. |
| Zone1GivebackPercent | 50.0 | Percentage of peak gross profit allowed to be given back in Zone 1. |
| Zone2StartProfit | 200.0 | Peak threshold for Zone 2. Keep zone thresholds in increasing order. |
| Zone2GivebackPercent | 25.0 | Percentage of peak gross profit allowed to be given back in Zone 2. |
| Zone3StartProfit | 1000.0 | Peak threshold for Zone 3. |
| Zone3GivebackPercent | 10.0 | Percentage of peak gross profit allowed to be given back in Zone 3. Giveback values are constrained to 0–100%. |
Settings: draggable linesClick to view defaults and explanations
| Setting / stage | Default | Meaning |
|---|---|---|
| AllowMouseDragHardSLLine | true | Allow the red virtual loss line to be moved; the new price is converted to a money threshold for the selected basket. |
| AllowMouseDragTrailingLine | true | Allow the yellow virtual close line to be moved after profit protection is active. |
| ManualTrailingNeverMovesDown | true | Prevent a lower manual money lock from replacing a higher manual lock. The active basket close level also retains its highest established value, even if this is false. |
| ResetManualLinesOnBasketChange | true | Reset manual line overrides when the selected position count or total lots changes. This does not restart the existing observed peak while the basket remains open. |
| DrawChartLines | true | Show the available entry and virtual close levels. Turning off drawings does not disable money-based management. |
| EntryLineColor | Lime | Entry-reference line colour. |
| HardSLLineColor | Red | Virtual loss-line colour. |
| TrailingLineColor | Yellow | Virtual profit-close line colour. |
| LineWidth | 2 | Base line width; draggable lines are drawn wider. |
Settings: dashboard and refreshClick to view defaults and explanations
| Setting / stage | Default | Meaning |
|---|---|---|
| ShowDashboard | true | Show or hide the information panel; management continues when hidden. |
| DashboardBackColor | Navy | Panel background. |
| DashboardBorderColor | DeepSkyBlue | Panel border. |
| DashboardHeaderColor | DodgerBlue | Header background. |
| DashboardTextColor | White | Primary text colour. |
| DashboardAccentColor | Aqua | Accent colour. |
| DashboardX | 10 | Left offset in pixels. |
| DashboardY | 20 | Top offset in pixels. |
| DashboardWidth | 640 | Panel width in pixels. |
| DashboardHeight | 360 | Panel height in pixels. |
| TimerSeconds | 1 | Extra management check interval, minimum 1 second. Checks also run on price ticks; this is not a broker execution-time guarantee. |
| PrintDebug | true | Write basket/threshold diagnostics to Experts. Set false to reduce repeated diagnostic messages. |
Virtual levels, restarts and missing lines
HardSLMoney and the yellow profit level are virtual thresholds monitored inside this EA; they do not place a protective SL at the broker. If MetaTrader closes, loses connectivity or cannot trade, these rules cannot execute. Keep it running on a connected computer or VPS.
Peak profit and manual lock state are kept in memory in this version. Removing or reinitialising the EA, changing its Inputs or restarting the terminal resets that state; it cannot reconstruct a previously observed peak from the current floating result. Review the basket again after any such change.
A multi-symbol basket or certain hedged buy/sell combinations may have no meaningful single price for a cash threshold. The money rule can still operate when a price line is not shown. Green is an entry reference, red is the virtual loss threshold and yellow is the active virtual profit threshold.
Use separate management scopes when running other EAs. Do not let the Trade Panel and Basket Money Manager control the same positions unless you have deliberately designed and tested that combined behaviour.
Troubleshooting
No positions on the panel: check chart symbol, magic number and buy/sell filters. Most manual trades use magic 0, but trades placed by an EA usually do not.
Gross and net differ: the exit rule uses gross floating profit; commission and swap are separate. This also explains why MetaTrader totals may differ from the chosen basket’s result.
The basket passed a level without closing: check Algo Trading, the account’s trading permission, connectivity, market availability and broker return messages. A virtual threshold cannot guarantee an execution price or time.
A drag is not accepted: move the line outside the dashboard and confirm a valid price-to-money conversion is possible for the selected basket.
No WebRequest permission, external API key or DLL access is required for Basket Money Manager.