Manual Trade Risk Manager
- Utilities
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Kevin Johannes Witt
MQL5 / MetaTrader 5 developer specialising in Expert Advisors and custom indicators. I build to clear specifications: order management, pending-order / breakout logic, risk control (ATR- and %-based sizing, trailing stops, daily-loss and max-drawdown limits), session and spread filters, and - Version: 1.0
- Activations: 5
Manual Trade Risk Manager is a complete on-chart trade manager for MetaTrader 5. It does not open trades and makes no market prediction - it is a money- and risk-management layer for manual trades or trades opened by another EA. Clickable panel (manual): show the correct lot size for a chosen risk percent, set breakeven now, close 50% or close the whole position with one click. Automatic engine (every tick): breakeven after your trigger, staged partial close at up to three profit levels, trailing stop with a configurable step, and an equity-protection stop that closes everything when the day's floating loss reaches your limit. A magic-number filter governs which positions are managed (all, one specific EA, or only manual trades). Every value is an external input. Works on any symbol and timeframe. Compiled with 0 errors and 0 warnings. No DLL calls, no time or account limitations.
How this differs from my free tools. Risk Manager Trade Panel gives you the panel, Position Guard gives you the automatic engine, Trade Governor gives you the limits. This product is all three in one, working on the same positions at the same time, so the panel and the engine cannot contradict each other and you configure everything in one place.
A note on pips. All pip inputs are counted in the symbol's own pip, derived from its digits. On a 5-digit forex symbol one pip is ten points. On gold quoted with 2 digits one pip is ten points as well, so a breakeven trigger of 30 pips means 3.00 in price. Check the value in the Journal on the first start - the tool prints what it calculated for your symbol.
