๐งฉ What is Trade Dashboard MT5?
The Trade Dashboard for MT5 is a professional trade management tool designed to automate risk control, partial close, breakeven and advanced trailing stop strategies. From the settings shown in the images, this dashboard is clearly built for advanced money management and position optimization, rather than basic trade execution.
This review breaks down each major settings group, explains their purpose, and evaluates the overall configuration quality.
๐งฉ General Trading Settings
Key Parameters
- Magic Number: 54848
Used to uniquely identify trades opened or managed by the dashboard. Correctly set and non-zero, ensuring no conflict with other EAs. - Risk Percent: 1.0%
Indicates a conservative risk profile per trade, suitable for long-term and professional trading. - Stop Loss: 200 points
- Take Profit: 400 points
A 1:2 risk-to-reward ratio, which is statistically favorable and aligns with professional trading principles. - Entry for Pending Orders: 200 points
Allows pending orders to be placed with a buffer, helping avoid false breakouts. - Show Trade Level / Drag Trade Level: true
Enhances usability by allowing visual and manual adjustment of SL/TP levels directly on the chart.
โ
Assessment:
Well-balanced general setup focused on risk control, clarity, and flexibility.
๐งฉ Partial Close Management (Partial Close Tab)
Partial Close Structure
- Partial Lot Based: Auto Lot
- Partial Distance Based: Auto Distance
- Partial TP: OFF
- 8 Partial Levels (TP1 โ TP8)
- Each partial lot: 10%
- Distances: 100 โ 800 points
This configuration gradually closes positions in equal portions, locking in profit progressively as price moves in favor.
Partial Stop Loss (Partial SL)
- Partial SL: OFF
- Distances also defined from 100 โ 800 points
โ
Assessment:
This is a scaling-out strategy ideal for trending markets. The trader reduces exposure gradually while allowing runners to capture extended moves.
๐งฉ Breakeven & Lock Profit Settings
Breakeven
- Breakeven Activation: false
- Breakeven Start Mode: Based on Points
- Breakeven Start: 250 points
Lock Profit
- Lock Profit Mode: Based on Points
- Lock Profit Distance: 50 points
- Cover Commission: false
โ
Assessment:
Although breakeven is currently disabled, the parameters are well-defined. This suggests breakeven is used selectively, avoiding premature stop-outs.
๐งฉ Trailing Stop System (Extremely Comprehensive)
The dashboard supports multiple trailing stop methodologies, making it suitable for all trading styles.
4.1 Regular Trailing Stop
- Activation: false
- Trail Start: 250 points
- Trail Stop: 50 points
- Trail Step: 10 points
4.2 Risk-Reward (RR) Based Trailing
- RR Trail Start: 100
- RR Trail Step: 10
4.3 Candle High/Low Trailing
- Trail Start: 200 points
- Candles Back: 5
- Pad Amount: 50 points
4.4 Profit-Based Trailing
- Trail Start: $50
- Trail Stop: $10
- Trail Step: $2
4.5 Moving Average Trailing Stop
- MA Period: 14
- MA Method: Simple
- Apply to: Close Price
- MA Distance: 50 points
4.6 Parabolic SAR Trailing
- PSAR Step: 0.02
- PSAR Maximum: 0.2
4.7 ATR Trailing Stop
- ATR Period: 14
- ATR Multiplier: 1.5
4.8 Fractals Trailing Stop
- Pad Amount: 50 points
4.9 Trail Limit
- Activation: false
- Distance: 250
- Step: 50
โ
Assessment:
This is an institutional-grade trailing stop suite. The trader can adapt trailing behavior to volatility, structure, indicators, or profit milestones.
๐งฉ Strategy Profile & Ideal Use Case
Strengths
โ Advanced risk and money management
โ Multi-layer partial close system
โ Multiple trailing stop models in one dashboard
โ Clean separation between trade logic and trade management
โ Suitable for manual, semi-auto, and EA-based trading
Ideal For
- Swing traders
- Trend-following strategies
- Funded account traders
- Prop firm risk compliance
- Traders managing multiple positions simultaneously
๐งฉ Final Conclusion (Expert Review)
The Trade Dashboard MT5 settings shown in the images reflect a highly professional, well-structured, and scalable trade management system. The configuration prioritizes:
- Capital protection
- Gradual profit realization
- Flexibility across market conditions
- Institutional-level trade control
While many features (breakeven and trailing stops) are currently disabled, this is a strategic choice, not a weakness. It allows the trader to activate only what fits the market context.
โญ Overall Rating: 9.5 / 10
โญ Recommended for serious traders seeking precision and control
