Order Placement Utility
- Utilities
- Version: 1.0
RiskRewardPanel – Risk/Reward Calculation Utility for MetaTrader 5
RiskRewardPanel is a utility panel designed to help traders plan trades by calculating lot size, stop loss, and take profit levels based on user-defined risk parameters. It provides a visual method for managing position sizing and risk exposure directly from the chart.
Key Features:
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Risk and Reward Calculation
Calculates and displays the estimated monetary risk and potential profit based on account balance, risk percentage, and reward ratio. -
Position Size Calculation
Automatically calculates appropriate lot size using account balance and specified risk parameters. -
Trade Preview Lines
Visually plots Stop Loss and Take Profit lines on the chart before trade execution. -
Breakeven and Trailing Stop Options
Includes optional breakeven adjustment and trailing stop functionality when trades move into profit. -
Integrated Chart Panel
Clean panel interface directly on the chart with labeled input fields for risk percentage, lot size, and risk/reward ratio.
Usage:
This tool is intended for manual traders seeking a structured and visual approach to managing trading risk. The panel provides trade previews and executes orders using basic input values entered by the user.
Compatibility:
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Platform: MetaTrader 5 (MT5)
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Markets: All markets supported by MetaTrader 5
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Timeframes: All chart timeframes
Developer: Donovan Maasz / Myrmidon Technology Solutions cc
Version: 1.01
License: Free
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