Risk and Position Sizer Pro
- Utilities
- Version: 6.0
- Updated: 19 October 2026
Risk & Position Sizer Pro – The Ultimate Risk and Lot Size Manager for MetaTrader 5
Risk & Position Sizer Pro is an Expert Advisor (EA) designed to transform how you manage risk and execute orders in MetaTrader 5. Forget about manual lot size calculators, external spreadsheets, or calculation errors made under pressure. Featuring an interactive visual panel (canvas) displayed directly on your chart, this EA automates your entire risk-planning process in a fraction of a second.
What does this EA actually do for you?
1 - Automatically Calculates the Perfect Lot Size Based on Your Risk
- You define how much you want to risk per trade—either as a percentage of your account (e.g., 1% or 2%) or as a fixed monetary amount (e.g., $100).
- The EA instantly calculates the precise lot size based on the distance in pips/points to your Stop Loss, ensuring you never lose more than you planned.
2 - Visually Manages Your Risk/Reward Ratio (R:R)
- Set your desired reward multiplier (e.g., 1:1, 1:2, 1:3). The EA automatically projects and positions your Take Profit and Stop Loss levels, displaying your potential net profit (accounting for estimated spread costs) and the margin required by your broker in real time.
3 - Prevents Overtrading with a Daily Loss Limit
- Discipline is the key to success. The EA monitors the financial outcome of all your trades closed throughout the day (starting from 00:00). If your configured daily loss limit is reached, the EA automatically blocks any further trade execution, protecting your account from disastrous days (preventing "tilt"). 4 - Execute Market and Pending Orders with 1-Click
- Place Buy or Sell Market Orders, or set up pending Limit and Stop orders directly via the visual panel—complete with built-in safety checks to prevent operational errors.
5 - Intelligent, Native Audible Alert System
- Forget confusing notifications. The EA utilizes native MT5 audible alerts, integrated into your Journal, providing detailed information on order confirmations, entry prices, ticket numbers, lot sizes, and any safety-related rejections (such as insufficient margin or violations of the broker’s stop-level requirements).
Why use Risk & Position Sizer Pro?
- Speed: Calculate and execute complex trades in seconds, without ever taking your eyes off the chart.
- Consistency: Standardize the risk for every trade, removing the emotional element from lot-sizing decisions.
- Security: Protection against insufficient margin and strict control over daily capital exposure.
- Clean Interface: A modern, intuitive, and responsive panel that integrates seamlessly into the MetaTrader 5 environment.

Good review so far