G-Labs Trade Manager v4.0

1Installation & Setup

MetaTrader 5

    Copy G-Labs Trade Manager v3.0.mq5 into your MQL5/Experts/ folder inside the MetaTrader 5 data directory.
Restart MetaTrader 5 or press Ctrl+Shift+N to refresh the Navigator.
Drag the Expert Advisor onto any chart.
In the Inputs tab, configure your preferred settings (Magic Number, risk %, hotkeys, etc.).
Click OK. The panel will appear in the top-left corner of your chart.
Make sure AutoTrading is enabled (green play button on the toolbar).

  

MetaTrader 4

    Copy G-Labs Trade Manager v4.0.mq4 into your MQL4/Experts/ folder inside the MetaTrader 4 data directory.
Restart MetaTrader 4 or press Ctrl+N to refresh the Navigator.
Drag the Expert Advisor onto any chart.
In the Inputs tab, configure your preferred settings (Magic Number, risk %, hotkeys, etc.).
Click OK. The panel will appear in the top-left corner of your chart.
Make sure AutoTrading is enabled (green play button on the toolbar).

  

See Section 23: MT4 vs MT5 Differences for a full comparison between the two versions.

The panel position is saved automatically. Drag the header bar to reposition it anywhere on your chart.

2Panel Overview

The panel is divided into a header bar, a tab bar, and a status bar. The MT5 version has 7 tabs (Trade, Pos, Tools, News, Alerts, Stats, Config). The MT4 version has 6 tabs (the News tab is not available on MT4).

Header Bar

Title — "G-Labs v4" in amber. Drag this area to move the panel.
Daily P/L % — Shows today's combined realized + floating profit as a percentage of starting balance, color-coded green (profit) or red (loss). Updates live every tick.
Symbol Changer — Click to open a symbol picker grid for quick chart switching.
CS — Toggle the Currency Strength Meter heatmap.
? — Open the built-in Help window (paginated).
− — Minimize/restore the panel.

Tab Bar

MT5: Seven tabs — Trade, Pos, Tools, News, Alerts, Stats, Config. Click to switch, or press 1–7.

MT4: Six tabs — Trade, Pos, Tools, Alerts, Stats, Config. Press 1–6.

Status Bar

The bottom bar shows live data at a glance:

Element	Description
Symbol	Current chart symbol in amber
Sp:	Spread in points. Amber > 30pts Red > Max Spread
ML:	Margin Level %. Color-coded: red < 200%, amber < 500%, normal otherwise
P/L	Floating profit/loss across all positions
Countdown	Time remaining until current candle closes (M:SS)
P:	Number of open positions managed by this EA
Session	Active market session: TKY, LDN, NY (or overlap)
Time	Server clock time (HH:MM:SS)

3Trade Tab

The main tab for setting up and executing trades.

Account Info

Displays your Balance, Equity, P/L, and Free Margin in a compact two-column layout.

Risk Mode Selector

Four risk calculation modes are available as toggle buttons:

% Bal

Risk a percentage of your account balance per trade.

% Eq

Risk a percentage of current equity per trade.

Fixed $

Risk a fixed dollar amount per trade.

Lots

Use a fixed lot size regardless of SL distance.

Use the +/− buttons or type directly in the risk value field. Quick presets are available below (e.g., 0.5%, 1%, 2%).

RR Presets

Quick buttons to set the Risk:Reward ratio to 1R, 2R, or 3R.

SL / TP / RR Controls

Set your Stop Loss and Take Profit in pips, and the RR ratio. Each has +/− buttons for fine adjustment. The calculated Lot size, Risk $, and Reward $ are displayed live.

Live Trade Metrics

Metric	Description
ATR	14-period Average True Range in pips (current timeframe)
PipV	Pip value in $ for the calculated lot size
Marg	Estimated margin required. Turns red if it exceeds free margin.

Breakeven & Trailing

Toggle BE and Trail on/off. Set the trigger value and choose between Pips or % of TP units. When trailing is ON, a row of 8 trail-mode buttons appears for quick switching.

RR Lock

When RR Lock is active, moving the SL (via +/− buttons or dragging the chart line) automatically adjusts the TP and all partial close levels to maintain your R:R ratio. This keeps your entire trade structure proportional as you fine-tune your entry.

Adjusting R:R Ratio

Use the − / + buttons or type directly into the R:R field. When you change the ratio, the TP line and all partial close lines reposition automatically to match the new ratio, keeping everything in sync.

Partial Close (PC) Levels

Up to 4 partial-close levels (PC1–PC4) with adjustable percentages. Toggle PC on/off, or press Reset to restore defaults (25/50/75/100%). Partial close lines always adjust proportionally when the TP changes — whether from dragging, RR Lock, or ratio adjustments.

Trade Controls Row

Button	Function
Lines	Toggle draggable Entry/SL/TP/BE/PC lines on the chart
Order Type	Cycle: Market → Buy Limit → Sell Limit → Buy Stop → Sell Stop. When a pending type is selected, a drag handle appears on the entry line and the entry stays where you place it.
FLIP	Swap Buy/Sell direction while keeping SL/TP distances
VSL / Stealth SL	Virtual SL hidden from broker
VTP / Stealth TP	Virtual TP hidden from broker

Execution Helpers

Confirm:ON/OFF — Require two clicks to execute a trade.
Snap — Snap the entry line to the current market price.
Reset — Reset all trade lines back to sensible default distances from the current price (20-pip SL, TP based on R:R ratio). Useful when lines have drifted too far apart.
Auto SL — Cycle through auto SL modes: Off / ATR / Candle H/L.
Auto TP — Cycle through auto TP modes: Off / ATR / RR-based.

Trade State Indicator

● READY TO TRADE — All checks pass. You can execute.

● BLOCKED: Spread 45 > 30 — One or more pre-trade checks have failed. The reason is shown.

Live BID / ASK / Spread

Displayed directly above the BUY/SELL buttons. The spread turns red when it exceeds your configured max spread.

BUY / SELL Buttons

Large, color-coded execution buttons. Labels change based on order type (e.g., "BUY LIMIT"). When Confirm mode is on, the first click arms the button ("CONFIRM BUY"), the second click executes.

When modifying a pending order (loaded from the Positions tab or a chart envelope), the TRADE button changes to a blue MODIFY button. Adjust the entry, SL, and TP lines on the chart, then click MODIFY to apply the changes to the existing order without placing a new one.

CLOSE ALL

One-click button to close all open positions managed by this EA.

4Risk Management

💰

% of Balance

Calculates lot size so that if your SL is hit, you lose X% of your account balance.

📈

% of Equity

Same as above but uses current equity instead of balance, accounting for floating P/L.

💵

Fixed Dollar

Risk a fixed dollar amount per trade regardless of account size.

📦

Fixed Lots

Use a specific lot size. Useful for scalping or when you want direct control.

The lot size is always clamped to the broker's min/max lot and step size. The panel will never exceed your configured maximum lot.

5Chart Trade Lines

When Lines is toggled ON, draggable horizontal lines appear on the chart:

Line	Color	Purpose
Entry	Amber	The price where your order will be placed. For market orders, this follows the current price.
SL	Red	Stop Loss price. Drag to adjust; the panel recalculates lot size in real-time.
TP	Green	Take Profit price. When RR Lock is on, this moves automatically with SL.
BE	Blue	Breakeven trigger level (when BE is enabled).
PC1–PC4	Lime shades	Partial close trigger levels.

A shaded zone between SL and TP visually shows the trade's risk/reward area. A TRADE button appears on the entry line for one-click execution, and a FLIP button lets you reverse direction.

Limit & Stop Order Drag Handle

When you select a pending order type (Buy Limit, Sell Limit, Buy Stop, or Sell Stop), a drag handle appears next to the FLIP button on the entry line. This small square button (labelled with the order type and direction arrows) lets you drag the entry price to your desired level without the line snapping back to market price.

Hover over the handle to see the "Drag me to move entry price" tooltip.
Click and drag the handle up or down to position the entry line exactly where you want it.
The SL, TP, and all partial close lines move together as a block when you drag from the shaded zone, keeping your entire trade structure intact.

Block Drag

Click and drag anywhere inside the shaded SL/TP zone to move the entire trade block (entry, SL, TP, partial closes) together. This is particularly useful for limit and stop orders — position your whole trade setup at once without adjusting each line individually. For pending order types, the block drag preserves the order type and entry price correctly.

Reset Lines

If your trade lines have become too spread apart (e.g., after dragging on a volatile chart), click the Reset button in the execution helpers row to snap all lines back to a manageable default distance from the current price. This resets the SL to 20 pips and the TP based on your current R:R ratio, bringing everything back into view.

Drag the SL line and the panel instantly recalculates your lot size, risk in dollars, and (with RR Lock) your TP level. Use the Reset button any time lines drift too far apart.

6Stealth SL/TP

Stealth mode hides your Stop Loss and/or Take Profit from the broker. Instead of placing a real SL/TP with the order, the EA monitors price locally and closes the position when the level is reached.

Why use Stealth mode?

Prevents broker stop-hunting on your exact SL price.
Hides your trade management strategy from the broker's book.
Useful when trading with brokers you suspect may widen spreads at SL clusters.

How it works

Toggle VSL (Stealth SL) or VTP (Stealth TP) before placing a trade.
The order is sent with SL=0 and/or TP=0 to the broker.
The EA stores the virtual levels internally and monitors every tick.
When price reaches the virtual level, the EA closes the position via a market order.

Stealth SL/TP requires the EA to be running. If MetaTrader is closed or the EA is removed, your positions will have no protection. Always have a backup plan.

78 Trailing Stop Modes

When trailing is enabled and the position moves into profit beyond the trail trigger, the SL is progressively moved to lock in gains. Choose from 8 modes:

Mode	Code	Description
Fixed	Fix	Trail by a fixed number of pips behind the current price.
ATR	ATR	Trail by ATR value × multiplier. Adapts to volatility.
Moving Average	MA	Trail SL to the Moving Average price (e.g., 20 MA).
Candle	Cndl	Trail to the previous candle's high (sells) or low (buys).
Parabolic SAR	PSAR	Trail to the Parabolic SAR indicator value.
Fractal	Frac	Trail to the most recent fractal high/low.
RR-Based	RR	Move SL in increments as position reaches 1R, 2R, 3R of profit.
Profit %	P%	Lock a percentage of unrealized profit by adjusting SL.

When Trail:ON, the trail mode selector appears directly on the Trade Tab for quick switching. No need to visit Settings.

8Positions Tab

View Modes

Toggle between OPEN (live positions) and HIST (trade history).

Symbol Filter

Click the filter button (shows All or the current symbol name) to toggle between viewing positions for all symbols or only the current chart symbol. This is especially useful when trading multiple pairs simultaneously — quickly focus on just the positions relevant to the chart you're looking at. The filter setting is persisted between sessions.

Quick Action Buttons

Close All

Close all open positions instantly.

Close +

Close only positions currently in profit.

Close −

Close only positions currently in loss.

Flatten

Close-by opposing positions (hedge netting).

Position Rows

Each open position displays two rows of information:

Row 1 — Main Info & Actions

Column	Description
#	Last 5 digits of the ticket number
Sym	Symbol name
Type	BUY (teal) or SELL (red)
Lots	Volume
P/L	Profit/loss including swap & commission
Pips	Distance in pips from entry
`M`	Manage — load position onto chart lines
`BE`	Move SL to breakeven + offset
`1/2`	Close 50% of the position
`CLOSE`	Close the entire position

Row 2 — Details

SL / TP values (or "---" if none)
@ Price — the entry price
Duration — how long the position has been open (e.g., "2h 15m")

P/L Progress Bar

A thin color bar beneath each position shows where the current price sits between SL and TP. Green when in profit territory, red when closer to SL.

Chart Envelopes (Open Positions)

Every open position draws a compact envelope directly on the chart at its entry price. The envelope shows the ticket, direction, lot size, and current P/L at a glance.

Click the envelope to enter Manage mode — this loads the position's SL, TP, and entry onto the chart's draggable lines so you can adjust them visually.
Drag the envelope left or right to reposition it on the chart if it overlaps with other objects.
Buy envelopes are tinted green, sell envelopes are tinted red.

Pending Orders

Listed below open positions with symbol, type, price, volume, a Mod button, and a Delete button for each.

Mod — Load the pending order onto the chart lines for visual modification. The TRADE button changes to MODIFY (blue). Drag the entry, SL, and TP lines to new levels, then click MODIFY to apply the changes.
Del — Delete the pending order.

Chart Envelopes (Pending Orders)

Pending orders also draw envelopes on the chart at their entry price level, styled in blue (buy-side) or amber (sell-side) to distinguish them from filled positions.

Click a pending order envelope to load it for modification — the entry, SL, and TP lines appear on the chart, and the TRADE button changes to MODIFY.
The envelope displays the order type (Buy Limit, Sell Stop, etc.), lot size, and entry price.

Summary

At the bottom: total open P/L, position count, win rate, profit factor, average win, and average loss for currently open positions.

History View

Switch to HIST to see closed trades over the last 7, 30, or 90 days with pagination.

9Tools Tab

Quick Actions

Close Buys

Close all buy positions.

Close Sells

Close all sell positions.

Close Profit

Close all profitable positions.

Close Loss

Close all losing positions.

Delete Pending

Delete all pending orders.

Reverse All

Reverse all open positions (close and reopen opposite).

Scale Out (2-Click Confirm)

Win 50% — Close 50% of all winning positions.
Lose 50% — Close 50% of all losing positions.
All 50% — Close 50% of every position.

Basket Management

Basket BE — Calculates and displays the weighted breakeven price across all positions.
Close-By — Nets opposing buy/sell positions (hedge cleanup).
Hedge — Opens an opposite position of equal size.
Hedge Box — Draws a draggable range box on the chart for planning hedges or OCO entries.

Emergency (2-Click Confirm)

These are destructive actions. The first click arms the button (turns amber with "CONFIRM"), the second click executes.

Panic (Sym) — Close ALL positions for the current symbol.
Panic (All) — Close ALL positions across the entire account.
DelPend (Sym) — Delete all pending orders for this symbol.
DelPend (All) — Delete all pending orders account-wide.

Grid Orders

Configure Distance (pips), Count, and Multiplier (lot scaling). Then click Grid Buy or Grid Sell to place a ladder of limit orders.

Close at Time

Automatically close all open positions at a specific server time. Ideal for end-of-day or pre-news flat strategies.

ON/OFF — Toggle the timer. When active, the button turns green and a countdown shows remaining time.
Hour / Minute — Adjust using the +/− spinners. Minutes increment in 5-minute steps.
Countdown — Shows remaining time (e.g. "in 2h 15m") until the close trigger.

When the set time arrives, all positions are closed, a toast notification is shown, and a sound alert plays. The timer automatically disables after triggering. The time setting persists between sessions.

10News Calendar Tab MT5 Only

Displays upcoming economic events from the built-in MetaTrader 5 calendar. This feature uses the MT5 CalendarValueHistory API and is not available in the MT4 version (MetaTrader 4 does not provide a built-in economic calendar).

Filters

Impact — Low / Medium / High
Currencies — USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD (or All)
Days — Filter by weekday (or All)
Pair Only — Only show events for currencies in the current chart pair

Event Table

Shows day, time, remaining time, currency, event name, and previous/forecast/actual values. Actual values are color-coded vs. forecast.

Chart Integration

Toggle On Chart to display news markers directly on the chart as vertical lines.

Time Modes

Switch between Local, Server, and GMT time display.

11Alerts & Scheduler Tab

Price Alerts

Click Add Alert to place an alert line at the current price. When price crosses the line, a notification fires. Up to 5 active alerts.

Task Scheduler

Schedule automated actions at specific times:

Close All — Close all positions at a set time.
Screenshot — Take a chart screenshot.
Close Profit / Close Loss — Close filtered positions.

Tasks can be one-time or recurring (weekly).

Over-Trading Monitor

Displays today's trade count vs. max, weekly count vs. max, and daily loss vs. limit.

12Stats Dashboard Tab

A comprehensive performance analytics dashboard calculated from your trade history.

P/L Summary Cards

Today

Profit/loss for trades closed today.

Week

Profit/loss for the last 7 days.

Month

Profit/loss for the last 30 days.

Trades

Total number of closed trades.

Win Rate Bar

A visual progress bar showing your win percentage. Green if ≥ 50%, red if below.

Key Metrics

Metric	Description
Profit Factor	Gross profit / gross loss. Above 1.0 is profitable.
Expectancy	Average profit per trade. Positive means your edge is profitable.
Avg RR	Realized average risk:reward ratio.
Avg Win / Avg Loss	Average dollar amounts for winning and losing trades.
Max Drawdown	Largest peak-to-trough equity decline.
Best / Worst Trade	Largest single win and largest single loss.
Gross Profit	Total profit from all winning trades.

Streaks

Maximum consecutive wins and maximum consecutive losses.

Equity Curve

A visual mini equity curve rendered directly in the panel using colored bars. Each bar represents a closed trade, plotted as cumulative P/L. Green bars indicate cumulative profit, red bars indicate cumulative loss. A zero line is shown when the curve crosses from profit to loss territory. Start and end values are labeled. This provides an at-a-glance view of your trading trajectory without leaving the panel.

CSV Export

Click the Export CSV button in the top-right corner of the Stats tab to export the last 90 days of trade history to a CSV file. The file is saved to the MT5 Files/ directory and includes:

Ticket, Time, Symbol, Type, Volume
Entry Price, Exit Price, SL, TP
Profit, Swap, Commission, Net P/L
Duration (seconds), Magic Number

Perfect for importing into Excel, Google Sheets, or journaling tools like Edgewonk and TraderVue.

Account Summary

Balance, Equity, Free Margin, and Margin Level % at the bottom of the tab.

13Settings Tab

General

Magic Number — Read-only display of the EA's magic number.
Max Daily DD % — Toggle on/off and set the maximum daily drawdown percentage. Trading locks automatically if breached.
Profit Target % — Toggle on/off and set a daily profit target. Trading locks when reached.

News Filter MT5 Only

Toggle the news trading block on/off.
Set minutes to block before and after high-impact news.
This section is not present on the MT4 version (no calendar data available).

Trade Filters

Max Spread — Block trades when spread exceeds this value (in points). Set 0 to disable.
Slippage — Maximum allowed slippage in points.

Save / Load Settings

Save all current panel settings to a file, or load them back. Settings persist across restarts automatically.

14OCO Breakout System

OCO (One-Cancels-Other) lets you place a breakout setup where you anticipate a move in either direction but don't know which way.

Click Box to draw a Hedge Box on the chart.
Drag the top and bottom lines to define your breakout range.
Click OCO to place a Buy Stop at the top and a Sell Stop at the bottom.
SL for each order is placed on the opposite side of the range.
When one order triggers, the other pending order is automatically cancelled.

Use Cancel to remove the OCO pending orders at any time.

15Grid Orders

Place a ladder of limit or stop orders with configurable parameters:

Parameter	Description
Dist	Distance between grid levels in pips.
Cnt	Number of orders in the grid.
Mul	Lot multiplier for each subsequent level (e.g., 1.5x martingale or 1.0 for flat).

Click Grid Buy or Grid Sell to deploy. All orders use your current risk settings as the base lot.

16Basket Management

Basket BE — Shows a line on the chart at the weighted average entry of all open positions. Useful for hedging strategies.
Close-By — Closes opposing buy and sell positions against each other, netting the result. Reduces the number of open trades.
Hedge — Opens an equal and opposite position to lock in current P/L.
Hedge Box — A draggable rectangle on the chart for visually planning hedge ranges or breakout zones.

17Currency Strength Meter

Click CS on the header to open the Currency Strength Meter heatmap.

Displays relative strength (0–10) for major currencies, crypto, and metals — all sorted from strongest to weakest.
Calculation uses a weighted average of RSI values across M15 and H1 timeframes, normalised to a 0–10 scale.
Scores > 7 = Strong (Green)
Scores < 3 = Weak (Red)
Bar lengths are proportional to strength — stronger currencies have longer bars, weaker currencies have shorter bars, giving an instant visual comparison.
The heatmap window moves with the main panel.

Supported Instruments

Category	Instruments
Forex Majors	USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD
Crypto	BTC, ETH, LTC, SOL, XRP (compared against USD)
Metals	XAU (Gold), XAG (Silver) (compared against USD)

Exotic currencies are automatically filtered out. Only major currencies and your broker's available crypto/metal pairs are displayed, keeping the meter clean and relevant.

Smart Symbol Discovery

The meter automatically discovers crypto and metal symbols regardless of your broker's naming convention. Whether your broker lists Bitcoin as BTCUSD, #BTCUSD, BTCUSD.m, or BITCOIN, the meter will find and include it. Symbols are scanned from Market Watch first, then all broker symbols, with a final probe of common name variations.

Fast Recalculation

The symbol universe is cached after the first scan, so switching pairs or timeframes triggers an instant RSI recalculation without a full rebuild. Scores update smoothly without resetting to defaults.

Use the CSM to identify the strongest and weakest currencies, then trade pairs where you're buying strength and selling weakness. BTC and Gold are measured against USD, so their score reflects relative strength vs. the dollar.

18Hotkeys

Hotkeys are enabled via the InpHotkeys input. Press keys when the chart is focused:

Key	Action
`1` – `7`	Switch to tab 1–7 (Trade, Pos, Tools, News, Alerts, Stats, Config)
`B`	Market Buy
`S`	Market Sell
`C`	Close All Positions
`E`	Breakeven All Positions
`L`	Toggle Trade Lines on chart
`F`	Flip trade direction (Buy ↔ Sell)
`D`	Delete all pending orders
`R`	Reverse all positions
`H`	Open hedge position
`Shift`+`B`	Place Buy Limit order
`Shift`+`S`	Place Sell Limit order
`Shift`+`M`	Minimize / restore panel

Hotkeys only work when the chart window is focused. You can customize the Buy, Sell, Close All, and Breakeven keys in the EA inputs.

19Safety Features

Multiple layers of protection prevent accidental losses:

🛡

Margin Check

Blocks trade execution if required margin exceeds free margin.

⚠

Spread Gate

Blocks trades when current spread exceeds your max spread setting.

📰

News Filter

Blocks trading X minutes before and after high-impact news events.

📉

Drawdown Protection

Locks trading and optionally closes all positions when daily drawdown exceeds your limit.

🎯

Profit Target

Locks trading when daily profit target is reached, preventing over-trading.

🔒

Trade Confirmation

Two-click confirmation prevents accidental trade execution.

⏱

Over-Trading Protection

Limits trades per day, per week, and maximum daily loss.

🛑

Emergency Panic

Two-click panic buttons to instantly flatten everything.

20Notifications

Type	Input	Description
Push	InpPushNotify	Send push notifications to the MetaTrader mobile app.
Email	InpEmailNotify	Send email alerts on trade events.
Screenshot	InpScreenshot	Auto-capture a chart screenshot on trade execution.
Sound	InpSoundAlerts	Play sound alerts for trades, breakeven, partial closes, and price alerts.
Toast	Built-in	On-screen popup messages that appear above the status bar for 2.5 seconds.

21Profiles & Persistence

Quick Profiles (Trade Tab)

Three profile slots are available on the Trade tab:

#1, #2, #3 — Load a saved profile.
S1, S2, S3 — Save current settings to a profile.

Each profile stores: risk mode, risk %, lot size, SL/TP, RR ratio, virtual SL/TP, breakeven, trailing, and partial close settings.

Settings Persistence

All panel settings are automatically saved to an INI file when you close the chart or remove the EA. They are restored when you re-attach the EA. You can also manually save/load via the Settings tab.

Position State

Per-position state (breakeven status, trailing type, partial close levels) is persisted via MetaTrader's Global Variables, surviving EA restarts and terminal restarts.

22Input Parameters Reference

Panel

Parameter	Default	Description
InpPanelX	20	Initial panel X position
InpPanelY	40	Initial panel Y position
InpMagic	123456	Magic number for order identification

Risk Management

Parameter	Default	Description
InpRiskPercent	1.0	Default risk percentage
InpDefaultLots	0.01	Default lot size
InpMaxLots	10.0	Maximum allowed lot size

Trade Management

Parameter	Default	Description
InpAutoBreakeven	false	Enable auto breakeven
InpBETrigger	20.0	Breakeven trigger distance
InpBEOffset	2.0	Breakeven offset (pips above entry)
InpAutoTrailing	false	Enable auto trailing stop
InpTrailStart	20.0	Trail activation distance
InpTrailStep	5.0	Trailing step size

Grid Orders

Parameter	Default	Description
InpGridDistance	20	Distance between grid levels (pips)
InpGridOrders	5	Number of grid orders
InpGridMultiplier	1.0	Lot multiplier per level

Hotkeys

Parameter	Default	Description
InpHotkeys	true	Enable keyboard shortcuts
InpHK_Buy	B	Buy hotkey
InpHK_Sell	S	Sell hotkey
InpHK_CloseAll	C	Close All hotkey
InpHK_BE	E	Breakeven hotkey

Sessions

Parameter	Default	Description
InpShowSessions	true	Show session boxes on chart
InpLondonStart/End	7/16	London session hours (GMT)
InpNewYorkStart/End	12/21	New York session hours (GMT)
InpTokyoStart/End	0/9	Tokyo session hours (GMT)

Notifications

Parameter	Default	Description
InpPushNotify	false	Send push notifications
InpEmailNotify	false	Send email notifications
InpScreenshot	false	Screenshot on trade
InpSoundAlerts	true	Play sound alerts

Equity Protection

Parameter	Default	Description
InpUseMaxDD	false	Enable daily drawdown protection
InpMaxDD	5.0	Maximum daily drawdown (%)
InpUseProfitTarget	false	Enable profit target
InpProfitTarget	3.0	Daily profit target (%)

23MT4 vs MT5 Differences

G-Labs Trade Manager is available for both MetaTrader 4 and MetaTrader 5. The two versions share the same design, layout, and feature set wherever the platform allows. The differences below are caused by API and architectural differences between MetaTrader 4 and MetaTrader 5.

Feature Comparison

Feature	MT5	MT4
Trade Tab — Risk modes, SL/TP, RR Lock, partial closes, breakeven, trailing, stealth SL/TP	✓ Full	✓ Full
Chart Trade Lines — Drag handle, block drag, reset, shaded zone	✓ Full	✓ Full
Positions Tab — Open trades, quick actions, chart envelopes, pending order modify	✓ Full	✓ Full
Tools Tab — Bulk close, scale out, basket, grid, close at time	✓ Full	✓ Full
News Calendar Tab — Economic calendar, filters, chart markers, news-based trade blocking	✓ Full	✗ Not available
Alerts & Scheduler Tab — Price alerts, task scheduler, over-trading monitor	✓ Full	✓ Full
Stats Dashboard — Performance metrics, equity curve, CSV export	✓ Full	✓ Full
Settings Tab — DD protection, profit target, spread/slippage filters, save/load	✓ Full	✓ Full
Currency Strength Meter — Forex, crypto, metals, proportional bars	✓ Full	✓ Full
OCO Breakout — Hedge box, paired orders	✓ Full	✓ Full
Hotkeys	✓ Full	✓ Full
Notifications — Push, email, sound, screenshot, toast	✓ Full	✓ Full
Profiles & Persistence	✓ Full	✓ Full

Tab Layout

MT5 (7 tabs)	MT4 (6 tabs)
Trade	Trade
Pos	Pos
Tools	Tools
News	—
Alerts	Alerts
Stats	Stats
Config	Config

The MT4 version has 6 tabs. The News tab is removed because MetaTrader 4 does not provide a built-in economic calendar API.

Why No News Calendar on MT4?

MetaTrader 5 includes a native CalendarValueHistory function that provides real-time economic event data directly from MetaQuotes servers. MetaTrader 4 has no equivalent API. Rather than displaying an empty or non-functional tab, the MT4 build removes the News tab entirely and gives you a clean 6-tab layout.

Other Technical Differences

Area	MT5	MT4
Order API	Uses `CTrade` class, `PositionSelect`, `OrderSend` with request struct	Uses classic `OrderSend()`, `OrderSelect()`, `OrderModify()`
Position model	Netting or hedging (broker-dependent)	Always hedging (multiple positions per symbol)
Ticket type	`ulong` (64-bit)	`int` (32-bit)
Symbol info	`SymbolInfoDouble()`, `SymbolInfoString()`	`MarketInfo()`
Input groups	`input group "..."` supported	No input groups (flat parameter list)
News-based trade block	Blocks trading before/after high-impact events	Not active (no calendar data source)

Installation Paths

Version	File	Install Location
MT5	`G-Labs Trade Manager v3.0.mq5`	`MQL5/Experts/`
MT4	`G-Labs Trade Manager v4.0.mq4`	`MQL4/Experts/`

Apart from the News Calendar, the MT4 and MT5 versions are functionally identical. All trading features, risk management, visual tools, currency strength, and panel controls work the same way on both platforms.

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