Peragon Trade and Risk Manager MT5
- Utilities
-
Yusuf Filiz
Trade and Risk Management Solutions for MetaTrader 5
I am an intraday trader with 8 years of active experience in the financial markets. I create practical MQL5 tools for MetaTrader 5 based on problems and challenges I encounter in real-world trading. - Version: 3.0
- Updated: 9 October 2026
- Activations: 10
Peragon is a specialized Trade Manager, Risk Manager, and Trade Assistant for MetaTrader 5 (Hedging). It brings structure, discipline, and account-wide control to your trading: precise on-chart position sizing, strict daily loss and drawdown protection, and remote trade management via the MT5 mobile app and Telegram.
Peragon does not generate trading signals – you decide the strategy, Peragon executes your rules consistently.
Trade Planning & Position Sizing
Plan entry, stop loss, and take profit interactively using on-chart lines. Peragon calculates the exact order volume before opening based on risk percentage, fixed cash amount, target profit, pip value, fixed lot size, or target leverage.
Before execution, spread, stop levels, margin, and recorded broker commissions are verified. If the planned volume exceeds broker limits, Peragon automatically splits it into multiple orders.
Trade Automation & Command Center
Set exit rules as reusable presets: automatic stop loss, cost-covering break-even, up to 3 partial close levels, 3-stage risk trimming, trailing stop, and time exits. Active rules persist seamlessly across terminal restarts.
The built-in Command Center provides a central overview of all open positions and orders across all symbols – featuring multi-symbol filters, bulk actions, and a detailed activity log.
Mobile Trade Manager
Trade on the go with a clear plan: open positions via the official MT5 mobile app – Peragon applies your risk calculations and trade management rules on desktop or VPS.
- Lot Code Recognition: Entering with a specific volume (e.g., 0.01 lot) instantly triggers your pre-configured strategy preset.
- 4 Risk Modes: Automatically sizes orders by risk %, fixed cash amount, pip value, or target leverage.
- Trade Management: Immediately applies predefined stop loss, take profit, break-even, and partial close rules.
- Trade Groups: Seamlessly manages multiple mobile partial entries as a single cohesive unit.
Telegram Trade Manager
Monitor your account and manage trades directly from your private Telegram chat – directly through your own bot without third-party servers.
- Remote Trading: Open market and pending orders via chat – manually or via presets.
- Live Monitoring: Track live PnL (currency & pips) and active trades filtered by symbol.
- Mobile Management: Adjust SL/TP, trigger break-even, or execute partial closes on demand.
- Selective Closing: Close profitable trades, specific symbols, trade groups, or close all positions at once.
- Instant Alerts: Receive immediate execution confirmations and status updates directly on your phone.
Account-Wide Risk Control
Peragon protects the entire account regardless of symbol or magic number (including manual trades and external EAs):
- Daily Loss Protection: Closes all open positions, deletes pending orders, and blocks new entries until the daily reset upon hitting the hard stop. External orders opened during a lockout are closed immediately.
- Maximum Drawdown Protection: Tracks total account drawdown based on initial balance, peak balance, or trailing equity, with separate warning and hard-stop levels.
- Margin Guard & News Filter: Blocks entries when reaching critical margin levels and pauses trading before and after high-impact economic news via the MT5 calendar.
Setup & Requirements
Requires MetaTrader 5 with a Hedging account and enabled algorithmic trading (Netting/Exchange accounts not supported). Telegram functionality requires whitelisting the Telegram API URL in MT5 WebRequests.
Only one single MT5 input parameter is required: the Magic Number for Peragon-executed orders. All other settings are configured directly within the panel. A VPS is recommended for continuous 24/7 protection.
Important Notice & Support
Peragon is a utility for trade and risk management, not an automated trading system, and contains no promises of profit. Slippage, market gaps, or broker execution delays can impact loss limits beyond software control.
Technical support is provided in English, German, and Turkish via MQL5 product comments and direct messages. Please include broker name, account type, symbol, and MT5 build with your inquiries.

For me this is by far the best trade and risk manager I have tested. The interface is clean and I can see all my positions and important information before I enter a trade. Position size, trade management and account protection are very easy to set up. No need for many clicks or calculations by myself. Everything works fast and I am really happy with it!