Postion Forge
- Utilities
- Version: 4.20
- Updated: 16 August 2026
Position Forge is a visual trade-planning tool for MetaTrader 5. Instead of calculating lot sizes and typing in stop-loss and take-profit levels by hand, you draw your trade directly on the chart and let the EA handle the math.
Click LONG or SHORT on the floating toolbar to drop a position box onto your chart. Drag its edges to adjust your entry, stop, and target — the risk and reward zones update live, showing your distance in pips, potential risk and reward in account currency, and your risk/reward ratio. When the setup looks right, hit Create Order to send it to the market as a live position with stop-loss and take-profit already attached — Position Forge automatically chooses a market, limit, or stop order depending on where your entry sits relative to price.
What it does
- Draw your trade, don't calculate it. Move, resize, and fine-tune entry/stop/target directly on the chart, TradingView-style.
- Risk-based position sizing. Set your risk percentage and Position Forge calculates the correct lot size from your live account balance — always clamped to your broker's allowed volume.
- Risk/Reward mode. Lock in a target ratio (e.g. 2:1) and the target automatically follows whenever you adjust your stop.
- One-click execution. Converts your visual plan into a real order — market, limit, or stop — complete with SL/TP.
- Multiple trades at once. Place and manage several position tools on the same chart simultaneously.
- Fully customizable look. Adjust zone colors, line thickness, fill style, and even the chart's color theme to match your workflow.
- Clean, distraction-free interface. Trade details stay hidden until you select a tool, keeping your chart uncluttered.
Who it's for
Traders who plan setups visually and want their position sizing, risk management, and order entry handled in one step — without switching between a calculator, the order window, and the chart.
Requirements
- MetaTrader 5, any broker/symbol/timeframe
- AutoTrading enabled to place live orders
Position Forge assists with trade planning and execution; it does not guarantee profits. Past performance is not indicative of future results. Always test on a demo account before live use.
