StopManager
- Indicators
- Everton Fernando Da Silva Messias
- Version: 3.0
- Activations: 5
StopManager - Risk Control Made Simple
StopManager is a professional indicator for MetaTrader 5 that helps you calculate exactly where your stop loss should be based on your risk preference.
Key Features:
- Two risk calculation modes: Percentage of Balance or Fixed Amount in USD
- Automatically detects your account balance and leverage
- Uses current market price as entry price
- Displays a horizontal line on the chart showing the exact stop level
- Real-time updates as price moves
How it works:
Select your risk mode, enter the volume in lots, choose the direction (Buy or Sell), and define how much you want to risk. The indicator instantly draws a red dashed line showing the price level where your stop would be triggered.
Use Cases:
- Determine stop level before opening a position
- Calculate appropriate volume based on desired risk
- Visualize risk in real time on your chart
Parameters:
- Risk Mode: Percentage or Fixed Amount
- Volume: Lots to trade
- Direction: Buy or Sell
- Risk Percent: % of balance to risk (when using Percentage mode)
- Risk Fixed: Fixed USD amount to risk (when using Fixed mode)
- Stop Line Color: Customize the line appearance
- Show Line: Toggle line visibility
Support:
For questions and support, use the MQL5.com chat integrated on this page.
Developer: Everton Messias - MT5 TOOLS LAB
