ATR Trade Manager MT5
- Experts
- Daniel-gheorghe Muresan
- Version: 1.6
- Activations: 10
Product Description
Tired of manually calculating risk for every order or dealing with interfaces that disrupt your workflow? The ATR Trade Manager MT5 is your ultimate MetaTrader 5 solution for placing smart, risk controlled market or pending orders (Buy Stop/Sell Stop) with dynamic, volatility based stop losses.
This EA automates the heavy lifting of position sizing and stop loss calculation, allowing you to focus on market analysis and entry decisions. Everything is managed through an intuitive, draggable, and minimizable graphical interface (GUI) that keeps your chart clean and your trading under precise control.
Key Features
ATR driven dynamic stop loss: automatically calculates stop loss distances using the non repainting Average True Range (ATR) indicator. It adapts to current market volatility widening stops in turbulent markets and tightening them in calm conditions to avoid premature exits.
Intelligent risk based position sizing: employs MetaTrader 5's native OrderCalcProfit() and OrderCalcMargin() functions for precise, broker agnostic lot calculation. Position size is dynamically determined based on your account balance and predefined risk percentage, ensuring strict adherence to your money management rules.
Integrated ATR trailing stop: Features a built-in trailing stop mechanism that uses the same ATR logic to protect profits and lock in gains as the trade moves in your favor. This functionality can be toggled on or off directly from the GUI.
Seamless GUI interface: a fully interactive, movable, and minimizable control panel provides real time updates. Toggle between market/pending orders, LONG/SHORT setups, and edit entry prices, risk percentage, ATR period, and multiplier without cluttering your chart.
Robust & Broker compatible: features dynamic order type filling to ensure compatibility across different brokers (e.g., OANDA, IC Markets). Includes comprehensive checks for symbol permissions, margin requirements, and stop levels.
How It Works
Attach the EA to any chart in MetaTrader 5.
The interactive GUI appears. Set your trade direction (LONG/SHORT), order type, entry price (for pending orders), risk percentage, and ATR parameters.
The EA instantly calculates and displays the proposed stop loss price and position size based on your inputs and live account balance.
Click "PLACE ORDER". The EA validates all parameters and executes the trade with the correct settings for your broker.
FAQ
Why does this EA use an ATR based stop loss?
This EA uses the Average True Range (ATR) because it is a dynamic, data driven method proven superior to static approaches. A fixed stop (e.g., 50 pips) ignores market volatility, often leading to being "stopped out" by normal fluctuations. The ATR measures recent volatility and sets the stop distance accordingly, allowing your stop loss to "breathe" with the market.
This logic, supported by position sizing experts, is validated by quantitative research. For instance, backtests in "Quantitative Trading Strategies" (Kestner, 2003) showed that ATR based stops can offer significant improvements in risk adjusted returns (Sharpe ratio) and reduced drawdown compared to fixed percentage methods.
What risk percentage should I use?
The EA promotes disciplined trading as a science, not gambling. We recommend using a consistent risk percentage for all trades, typically within the 0.5% to 2.0% range of your account balance per trade. This is controlled via the "Risk per trade, %" parameter in the GUI.
Tired of manually calculating risk for every order or dealing with interfaces that disrupt your workflow? The ATR Trade Manager MT5 is your ultimate MetaTrader 5 solution for placing smart, risk controlled market or pending orders (Buy Stop/Sell Stop) with dynamic, volatility based stop losses.
This EA automates the heavy lifting of position sizing and stop loss calculation, allowing you to focus on market analysis and entry decisions. Everything is managed through an intuitive, draggable, and minimizable graphical interface (GUI) that keeps your chart clean and your trading under precise control.
Key Features
ATR driven dynamic stop loss: automatically calculates stop loss distances using the non repainting Average True Range (ATR) indicator. It adapts to current market volatility widening stops in turbulent markets and tightening them in calm conditions to avoid premature exits.
Intelligent risk based position sizing: employs MetaTrader 5's native OrderCalcProfit() and OrderCalcMargin() functions for precise, broker agnostic lot calculation. Position size is dynamically determined based on your account balance and predefined risk percentage, ensuring strict adherence to your money management rules.
Integrated ATR trailing stop: Features a built-in trailing stop mechanism that uses the same ATR logic to protect profits and lock in gains as the trade moves in your favor. This functionality can be toggled on or off directly from the GUI.
Seamless GUI interface: a fully interactive, movable, and minimizable control panel provides real time updates. Toggle between market/pending orders, LONG/SHORT setups, and edit entry prices, risk percentage, ATR period, and multiplier without cluttering your chart.
Robust & Broker compatible: features dynamic order type filling to ensure compatibility across different brokers (e.g., OANDA, IC Markets). Includes comprehensive checks for symbol permissions, margin requirements, and stop levels.
How It Works
Attach the EA to any chart in MetaTrader 5.
The interactive GUI appears. Set your trade direction (LONG/SHORT), order type, entry price (for pending orders), risk percentage, and ATR parameters.
The EA instantly calculates and displays the proposed stop loss price and position size based on your inputs and live account balance.
Click "PLACE ORDER". The EA validates all parameters and executes the trade with the correct settings for your broker.
FAQ
Why does this EA use an ATR based stop loss?
This EA uses the Average True Range (ATR) because it is a dynamic, data driven method proven superior to static approaches. A fixed stop (e.g., 50 pips) ignores market volatility, often leading to being "stopped out" by normal fluctuations. The ATR measures recent volatility and sets the stop distance accordingly, allowing your stop loss to "breathe" with the market.
This logic, supported by position sizing experts, is validated by quantitative research. For instance, backtests in "Quantitative Trading Strategies" (Kestner, 2003) showed that ATR based stops can offer significant improvements in risk adjusted returns (Sharpe ratio) and reduced drawdown compared to fixed percentage methods.
What risk percentage should I use?
The EA promotes disciplined trading as a science, not gambling. We recommend using a consistent risk percentage for all trades, typically within the 0.5% to 2.0% range of your account balance per trade. This is controlled via the "Risk per trade, %" parameter in the GUI.
