Smart TP SL Manager delivers portfolio-level TP/SL automation for consistent MT5 exits

This Smart TP SL Manager review in 2026 examines observed performance and provides an in-depth analysis of how the EA behaves under live conditions. The first point of distinction is that Smart TP SL Manager operates at the portfolio level rather than on single trades, tracking combined profit and loss in USD and applying a unified exit plan when targets or stops are met. In this review the performance analysis emphasizes transparency: the EA reports aggregated P/L, recalculates weighted exit prices, and can be run on any MT5 chart for account-wide control. What makes Smart TP SL Manager unique is the weighted distribution algorithm that calculates average entry and uses position size weighting to determine the effective SL and TP in USD. The algorithm periodically recomputes when new positions open or existing positions change, which reduces abrupt imbalance when multiple strategies open correlated positions. On MT5 the EA should be attached to one chart where it reads all open orders and manages closes automatically, maintaining logs and actionable metrics for the trader. Smart TP SL Manager handles trend and range markets adequately because it does not depend on entry logic but on exit management; it is especially useful in accounts with many concurrent positions where manual exits create slippage. Risk controls are portfolio-based, and expected performance characteristics depend heavily on position sizing: typical implementations aim to limit peak drawdown while preserving aggregated profit targets. Traders should expect smoother exit curves compared with per-trade TP/SL approaches and a measurable reduction in execution noise when closing multiple positions.