Place a trade with Trade Manager

Trade Manager sends an order from Oathra to your MetaTrader terminal, with its size, stop loss and take profit worked out before you send it.

Placing orders through Oathra needs the signed Oath.

Trade Manager Overview#

What Is the Trade Manager?#

The Trade Manager is a complete trade planning and execution tool built into Oathra. It lets you plan trades with precise position sizing, set multi-level take profits, configure trailing stops, and run compliance checks before sending commands to your EA on MT5.

Instead of calculating lot sizes by hand or guessing your risk, you fill in the parameters and the Trade Manager does the math. Once you are satisfied with the setup, it sends the order as a command that your EA picks up and executes on your terminal.

Account Bar#

At the top of the Trade Manager sits the account selector and live KPI bar. It shows:

The connection status indicator shows whether your EA is online and actively polling for commands. The drawdown bars give you an instant read on how close you are to your daily and maximum drawdown limits.

Order Types#

The Trade Manager supports 7 order types. Each one controls when and how your trade gets filled.

Market Order#

Executes at the best available price immediately. When you click send, the EA opens the trade at whatever price the broker is offering right now. This is the most common order type and the one most traders use day to day.

Use market orders when you want in now and a few points of slippage do not matter to your setup.

Buy Limit#

A pending buy order placed below the current price. You expect price to drop to your level, then bounce back up. This is commonly used for entries at support levels, demand zones, or Fibonacci retracements.

Example: price is at 1.0850 and you want to buy at 1.0800 where you see a support level. Place a buy limit at 1.0800.

Sell Limit#

A pending sell order placed above the current price. You expect price to rise to your level, then reverse downward. Commonly used for entries at resistance levels, supply zones, or the top of a range.

Example: price is at 1.0850 and you want to sell at 1.0900 where you see resistance. Place a sell limit at 1.0900.

Buy Stop#

A pending buy order placed above the current price. You want to buy if price breaks out to the upside. This is the breakout trader's order type. You are saying "I only want in if price proves it can get above this level."

Example: price is consolidating below 1.0900 and you want to buy the breakout. Place a buy stop at 1.0905.

Sell Stop#

A pending sell order placed below the current price. You want to sell if price breaks down through a level. The mirror image of buy stop for bearish breakout setups.

Example: price is holding above 1.0800 support and you want to sell the breakdown. Place a sell stop at 1.0795.

Buy Stop Limit#

A two-stage order. When the buy stop price is reached, instead of executing immediately, it places a buy limit at a lower price. This gives you breakout confirmation followed by a better entry on the pullback.

Example: you want to confirm a break above 1.0900, but you want to actually buy at 1.0880 on the pullback. Set the stop trigger at 1.0900 and the limit at 1.0880.

Stop limit orders are not supported by all brokers. If your broker does not support them, the EA will return an error and the order will not be placed.

Sell Stop Limit#

The bearish version of buy stop limit. When the sell stop price is reached, it places a sell limit at a higher price. This gives you breakdown confirmation followed by a better entry on the retest.

Example: you want to confirm a break below 1.0800, but you want to actually sell at 1.0820 on the retest. Set the stop trigger at 1.0800 and the limit at 1.0820.

Stop Loss & Take Profit#

Stop Loss#

Set your stop loss by entering a pip distance or a specific price level. The Trade Manager converts between the two automatically so you can work in whichever format you prefer.

Every trade should have a stop loss. Trading without one means a single adverse move can cause an outsized loss that takes weeks or months to recover from. Your stop loss defines your risk, and your risk defines your lot size. Without it, the sizing models cannot work.

Never move your stop loss further away from entry to "give the trade more room." If your original analysis required a wider stop, set it wider from the start with correspondingly smaller lot size.

Take Profit#

Set your take profit in one of three ways:

• Pips: Enter a fixed pip distance from entry. Simple and straightforward.
• R:R ratio: Enter a reward-to-risk ratio and the TP is calculated from your SL distance. If your SL is 30 pips and you set R:R to 2.0, your TP will be 60 pips from entry.
• Price level: Enter the exact price where you want to take profit. Useful when targeting specific support/resistance levels or round numbers.

Multi-Level Take Profit#

You can set up to 3 take profit levels, each with a percentage allocation that controls how much of the position closes at each level. The percentages must add up to 100%.

A common setup is 40% at TP1 (1:1 R:R), 30% at TP2 (2:1), and 30% at TP3 (3:1). This locks in some profit early while letting the rest of the position run for a bigger move.

Move SL on TP1 Hit#

When your first take profit level is hit, you can choose what happens to your stop loss on the remaining position:

• Don't move: SL stays where it is. The remaining position runs with the original risk. Use this when you believe in the trade and do not want to get stopped out at break-even on a normal pullback.
• Move to entry (break-even): SL moves to your entry price. The remaining position is now a "free trade" with zero risk. You have already taken partial profit and the rest can only win or break even.
• Entry + offset pips: SL moves to entry plus a small offset (e.g., +5 pips). This locks in a tiny profit on the remaining position instead of just break-even, covering spread and commission.

Moving to break-even after TP1 is one of the most effective risk management techniques. It turns a winning trade into a risk-free trade, which dramatically improves your psychological comfort and overall drawdown profile.

Trailing Stop#

A trailing stop follows the price as it moves in your favor, locking in profit along the way. If price reverses, the stop stays where it is and closes the trade. The Trade Manager offers 4 trailing methods.

Fixed Points#

The simplest trailing method. Your stop loss follows the price at a fixed distance measured in points. If you set a 200-point trail and price moves 300 points in your favor, your SL is now 100 points in profit.

The SL only moves in your favor. It will never move backwards. If price reverses the full trailing distance, the trade closes at whatever level the SL had reached.

ATR Trailing#

Uses the Average True Range to set the trailing distance dynamically. You configure the ATR period (how many candles to average) and a multiplier.

In volatile markets, the ATR is larger, so the trailing distance widens. This gives the trade more room to breathe. In calm markets, the ATR shrinks, so the trail tightens and locks in profit more aggressively. This adaptive behavior makes ATR trailing one of the most popular methods for swing traders.

Profit Percentage#

Instead of trailing by distance, this method locks in a percentage of your current profit. If you set it to 50% and the trade is up $400, your SL moves to protect $200 of that profit.

As profit grows, the protected amount grows with it. This creates a smooth ratcheting effect where the more the trade moves in your favor, the more you keep if it reverses. Works well for trades where you do not have a specific target but want to ride the trend.

Break-Even + Offset#

Once the trade reaches a specified profit level, the SL moves to your entry price plus an offset in pips. After that, the SL stays there. It does not continue trailing.

The offset pips add a small cushion above entry. For example, if you set the activation at 30 pips of profit with a +5 pip offset, the SL moves to entry +5 pips. This covers your spread and commission, so a stop-out still nets a small positive result.

Break-even + offset is best combined with multi-level TPs. Use it to protect the remaining position after TP1, then let the later TP levels or a separate trailing method handle the rest.

Trade Preview#

The preview panel shows a summary of your planned trade before you send it. This is your last chance to review the numbers.

Calculated Lot Size#

The exact lot size that will be opened, calculated from your chosen sizing model. This is rounded to your broker's minimum lot step (usually 0.01). If the calculated size is below the broker minimum, a warning appears.

Dollar Risk & Percentage#

Shows the dollar amount at risk if the trade hits your stop loss, along with what percentage of your balance or equity that represents. This is the most important number to check before submitting.

Potential Profit & Loss#

The dollar amount you stand to gain if TP is hit and the dollar amount you stand to lose if SL is hit. For multi-TP setups, the potential profit shows the weighted total across all TP levels.

Risk-to-Reward Ratio#

The calculated R:R ratio based on your SL and TP distances. Color coded for quick assessment:

• Green if R:R is above 1.5 (favorable)
• Amber if R:R is between 1.0 and 1.5 (acceptable)
• Red if R:R is below 1.0 (you are risking more than you stand to gain)

Trade Templates#

Template Categories#

Templates save all your Trade Manager settings so you can apply them with one click. They are organized into 4 categories:

Scalp

Quick trades with tight stops and small targets. Typically fixed lot or small risk percentage with a points-based trailing stop.

Swing

Longer-duration trades with wider stops. Usually ATR-based sizing and ATR trailing. Multi-TP levels with break-even on TP1.

News

Pre-configured for news trading. Tight risk, fast execution. Market orders with fixed dollar risk and quick trailing.

Custom

Your own templates. Any combination of settings saved under a name you choose. No rules, no categories, just your preferences.

Save, Load & Delete#

To save a template, configure all your Trade Manager settings the way you want them, then click "Save Template." Give it a name, pick a category, and it is stored on your account.

To load a template, select it from the template list. All settings (order type, sizing model, SL/TP configuration, trailing method, and compliance rules) are applied instantly.

You can set a default template for each account. When you select that account in the Trade Manager, the default template is applied automatically so you do not have to load it manually every time.

To delete a template, click the delete button next to it in the template list. This cannot be undone.