Risk Sentinel MT4
- Utilities
- Version: 1.0
- Activations: 10
ALSO AVAILABLE FOR MT5: https://www.mql5.com/en/market/product/185711
Risk Sentinel is a risk-first position-planning tool for MT4, built for discretionary traders who want every trade sized to the same disciplined risk limit. Drag or type your Stop and Target and instantly see the exact lot size that keeps you inside your risk-per-trade limit, plus risk, reward, R:R, and required margin — with live spread modeling and one-click snap to your open order. Planning utility only; it does not place trades.
1. Full Feature List
On-chart position tool (TradingView-style)
• Draggable Entry, Stop Loss, and Take Profit lines — or type exact prices into the dashboard when you need precision instead of the drag.
• Filled risk zone (red) and reward zone (green) that read like a TradingView long/short tool.
• Long / Short toggle that mirrors SL and TP to the correct side of entry.
• Smooth single-click-and-drag on any line (no double-click, no re-selecting), with an 8-pixel grab tolerance.
• On-chart labels on each line: price plus risk/reward in account currency, and live R:R at the entry.
• Reset button re-centers the tool on the current price with a clean default stop and target when a plan gets messy.
• Zones hug the right edge of the chart and follow new bars.
Automatic lot-size engine
• Four sizing modes: % of Initial Balance (user-defined starting balance), % of Current Balance, % of Equity (auto-refreshes on a timer), and Manual lot (fixed volume; drives the risk/reward figures instead).
• Position size is derived from the Entry-to-SL distance and your chosen risk percentage.
• Lot is rounded down to the broker's volume step and clamped to min/max, so risk is never overshot.
• Per-point value is computed from contract size × currency conversion — the same basis the terminal uses — so figures stay correct across account currencies and instrument types.
Risk : Reward control
• Dynamic RR — RR is read live from your dragged or typed SL and TP.
• Static RR — you enter a target RR and TP is placed automatically from the stop.
• RR shown at the entry level and in the dashboard.
Stop Loss modes
• Manual — drag the line or type the exact SL price.
• ATR-based — enter an ATR period in bars (e.g. 14) and a multiplier; the tool reads the live ATR from the chart's timeframe and places the stop at ATR × multiplier, refreshing each new bar.
Take Profit modes
• RR-based — TP follows your RR target and re-adjusts automatically when the stop moves.
• Manual — drag the line or type the exact TP price.
Broker spread modeling
• One-tap toggle to fold the live broker spread into the calculation.
• Adds spread to the stop distance and subtracts it from the target — the true cost of entry.
• Shows net RR and the current spread in points.
• Draws a second, labeled effective SL / TP line. Each level's raw and spread-adjusted figures (price + money) sit on opposite sides of the line, so they never overlap — even when the spread is a single point.
Exact margin, straight from your broker
• Required margin is read from your broker's own per-lot requirement — so it is exact on every instrument, forex, metals and index CFDs alike, with no estimation.
• Shown in your account currency alongside margin as a percentage of equity.
Snap to Order
• One click pulls the open price, SL, TP, direction, and volume from your most recent open order onto the tool, so the dashboard matches the broker's order window exactly — no manual dragging.
Floating dashboard
• Draggable and minimizable panel.
• Editable Entry / SL / TP price boxes for exact levels; read-only fields grey out when the mode computes them for you (ATR stop, RR target).
• Dark / Light theme toggle.
• Lock toggle — makes the on-chart lines inert so clicks pass through to your broker's execution lines when the plan overlaps a live trade.
• Hide Box toggle — hides the on-chart lines/zones for a clean chart while keeping the dashboard live.
• Reset button — re-center the tool to a clean default plan.
• Highlighted lot size for at-a-glance reading (theme-aware).
• Live trade-plan summary: Lot Size, Risk (money), Reward (money), RR, Required Margin, and Margin as % of equity.
• Every setting is adjustable both from the panel and from the indicator inputs.
Compatibility
• Works on any symbol — forex, metals, indices, and other CFDs.
• Correct for any account deposit currency and any account leverage.
• Built for MetaTrader 4 (build 600 and above).
2. What It Does NOT Do
• It does not open, modify, or close trades. It is a planning and visualization indicator, not an Expert Advisor or auto-trader.
• It does not generate buy/sell signals or entry/exit advice.
• It does not manage open orders (no trailing stop, no break-even automation, no partial close).
• Snap to Order reads the most recent open market order on the current symbol; pending orders are skipped.
• For instruments not quoted in your account currency, the relevant conversion pair must be present in Market Watch (e.g., EURUSD for a EUR-quoted index).
• The ATR-based stop reads the current chart timeframe's ATR — ATR(14) on M5 is a different distance than ATR(14) on H1.
• Spread figures use the live spread at the moment of calculation, which naturally fluctuates.
Full description
Every trader knows where their stop belongs. Far fewer size the position to match it. That gap is where accounts quietly bleed: the stop is disciplined, the lot size is a guess, and two losses that should have cost the same land at wildly different sizes.
Risk Sentinel closes that gap. Drop a long or short tool on your chart, drag — or type — the Stop and Target to your setup, and it instantly shows the exact lot size that risks precisely the percentage you allow yourself — 1%, 2%, whatever your plan permits. At the same moment you see your risk and reward in real money, your live R:R, and the margin the trade needs. No mental math, no calculator, no “I'll just eyeball the lots” — the discipline is built into the workflow.
Size the way your plan says. Risk a fixed percentage of your starting balance, your current balance, or your live equity. The lot is always rounded down to your broker's step, so you never accidentally risk more than your limit — the one direction that actually matters.
Know your real risk, not the ideal-fill version. Turn on spread mode and the tool folds the live broker spread into your stop and target, shows your true net R:R, and draws a second labeled line on the chart marking exactly where your risk and reward really land after spread. On gold and indices that difference can change the picture entirely — better to know before you're filled.
Trust the numbers on any instrument. Per-point value is calculated the same way the terminal does — from contract size and live currency conversion — so it's accurate on forex, metals, and indices, in any account currency, at any leverage. Required margin comes straight from your broker's own per-lot figure, so it's exact rather than estimated. Verify it yourself against your broker's order window; with spread off it matches to the cent.
Build the habit, keep it clean. Snap the tool to your live order to mirror your order window exactly. Lock the lines so they never interfere with your broker's execution levels, hide the whole box for a clean chart once you're in, or reset to a fresh plan in one click. The dashboard drags anywhere, minimizes, and comes in dark or light themes — a calm, repeatable pre-trade routine you run the same way every single time.
Key benefits
• Never miscalculate a lot size again — the exact lot for your risk limit is computed for you, live, on every drag or edit.
• Exact margin, not an estimate — read straight from your broker's own per-lot requirement, on every instrument.
• Drag for speed, type for precision — set levels by eye or to the exact price; the lot size updates either way.
• Risk-first by design — you set the risk; the tool finds the size, not the other way around.
• Discipline as a routine — the same drag-read-confirm sequence before every entry builds real consistency.
• Honest R:R — spread modeling shows what you'll really get, so your reward targets stay realistic.
• Verifiable, not hype — matches your broker's order window to the cent; no black box, no claims.
• Stays out of the way — lock and hide keep it from cluttering a live trade.
Ideal for
• Discretionary and technical traders who size by fixed-percentage risk on forex, metals, or indices.
• Discipline-builders — anyone moving from eyeballed lot sizes to a repeatable, risk-first routine.
• Multi-instrument traders — one tool that stays accurate across pairs, gold, and index CFDs without redoing the math each time.
• Long-time MT4 traders who want modern visual position sizing without leaving the platform their workflow is built on.
