TravaRisco Trade Manager MT4

No more calculating lots by hand or forgetting to move your stop. Set your risk in %, click BUY or SELL: lot, stop loss and take profit are placed for you, then breakeven, partial close and trailing run on their own.

Free 14-day trial for demo accounts: https://www.mql5.com/en/blogs/post/778026

NEW in version 2.20

  • Alerts: pop-up with sound, push notification to your phone and/or e-mail. You are alerted when a trade opens (also when a pending order is filled), at TP1 and TP2, when the stop moves to breakeven and when the trade closes (with the result).
  • Colored risk/reward box on the chart: red zone from entry to stop, green zone from entry to target.
  • TP1 / TP2 / TP3: two partial closes (default 50% at 1R and 50% of the rest at 2R) plus the final take profit (default 3R). TP1 and TP2 are marked inside the box.
  • The target label shows the total profit including the partial closes.
  • Draggable ENTRY / STOP / TARGET lines on the chart: lot and risk update while you drag, each line shows the money at risk or the profit.
  • Pending orders (Buy/Sell Limit and Stop) placed at the ENTRY line in one click.
  • Risk in % of balance or as a fixed money amount (%/$ button).
  • 3 trailing types: fixed points, ATR multiple, low/high of the last N candles.
  • Hotkeys with Shift: B buy, S sell, P pending order, L lines, E breakeven, H close 50%, X close all.

Full user guide: https://www.mql5.com/en/blogs/post/778025

Open trades with the exact risk you want, in one click, and let the panel manage them for you.

What it does

  • Lot size calculated from your risk % and stop loss in points.
  • BUY / SELL in one click, with stop loss and take profit (risk:reward) already placed.
  • Automatic breakeven when profit reaches 1R, plus an offset to cover costs.
  • Automatic partial close: closes 50% of the position at 1R.
  • Trailing stop that starts after 1.5R.
  • Buttons: Breakeven, Close 50%, Close all.
  • Shows lot, risk amount, SL / TP, spread, open trades and floating P/L.
  • Can also manage your manual trades or trades from other EAs on the same symbol (optional).
  • Panel in English or Portuguese. All levels (in R and points) can be changed in the settings.

How to use

  1. Attach it to the chart you want to trade and enable Algo Trading.
  2. Type your risk %, stop loss (points) and R:R on the panel.
  3. Click BUY or SELL. Breakeven, partial close and trailing run automatically.

Important

  • Trades are only opened when you click. It is not an automated strategy.
  • Stop loss is in points: 300 points is 30 pips on EURUSD but only 3 USD on gold, so adjust it to the symbol.
  • In the Strategy Tester a demo opens sample trades so you can see the management working. Those results are random and are not a performance claim.
  • Pairs well with TravaRisco Daily Loss Lock, which protects the account limits.

News, guides and free trials - follow the channel: https://www.mql5.com/en/channels/travarisco

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TravaRisco Signal Checker
Nuno Miguel Dourado Dos Santos
Does your indicator really work, or does it just look good on history? Version 1.10: new result curve on the panel Result curve in R after costs, green when the indicator wins and red when it loses, with total, number of trades and dates. The Pro version also shows the curve before costs, the deepest drawdown and the out-of-sample test. TravaRisco Signal Checker is a free, honest test for any MT5 indicator that draws buy/sell arrows. Put it on a chart, type the name of your indicator, and in sec
FREE
TravaRisco Real Cost Monitor
Nuno Miguel Dourado Dos Santos
Your demo account is lying to you. On a demo account your orders fill at the exact price you asked for. On a live account they don't. Spread widens at news time, commissions add up, and slippage quietly eats into every trade - and none of this appears clearly in the MetaTrader history. TravaRisco Real Cost Monitor shows you, on the chart, what trading this symbol really costs you. WHAT IT SHOWS 1. Spread Spread right now, in points, in price and in money for your reference lot Average spread: re
FREE
TravaRisco Lot Calculator MT4
Nuno Miguel Dourado Dos Santos
Stop guessing your lot size. TravaRisco Lot Calculator shows the exact lot for your chosen risk, right on the chart. How it works: Type your risk % and stop loss in points on the panel. The indicator instantly calculates: Money at risk (in account currency) Loss per 1 lot at that stop loss Exact lot, rounded to your broker's volume step Real risk after rounding Works on forex, gold, indices and crypto, using your own broker's tick values. Panel in English or Portuguese. It does not open trades:
FREE
TravaRisco Real Cost Monitor MT4
Nuno Miguel Dourado Dos Santos
Your demo account is lying to you. On a demo account your orders fill at the exact price you asked for. On a live account they don't. Spread widens at news time, commissions add up, and slippage quietly eats into every trade - and none of this appears clearly in the MetaTrader history. TravaRisco Real Cost Monitor shows you, on the chart, what trading this symbol really costs you. WHAT IT SHOWS 1. Spread Spread right now, in points, in price and in money for your reference lot Average spread: re
FREE
TravaRisco Signal Checker MT4
Nuno Miguel Dourado Dos Santos
Does your indicator really work, or does it just look good on history? Version 1.10: new result curve on the panel Result curve in R after costs, green when the indicator wins and red when it loses, with total, number of trades and dates. The Pro version also shows the curve before costs, the deepest drawdown and the out-of-sample test. TravaRisco Signal Checker is a free, honest test for any MT4 indicator that draws buy/sell arrows. Put it on a chart, type the name of your indicator, and in sec
FREE
TravaRisco Daily Loss Lock MT4
Nuno Miguel Dourado Dos Santos
One bad day can end a prop firm challenge. TravaRisco watches your account four times per second and acts before the rules are broken. Free 14-day trial for demo accounts: https://www.mql5.com/en/blogs/post/778026 New in v2.0 Prop firm presets: FTMO 2-Step, FTMO 1-Step, The5ers High Stakes, FundedNext Stellar 2-Step, or Custom. Choose one, enter your account size and the daily and max loss rules are set for you. Challenge tracker: profit target progress, minimum trading days and the best-day con
TravaRisco Daily Loss Lock
Nuno Miguel Dourado Dos Santos
One bad day can end a prop firm challenge. TravaRisco watches your account four times per second and acts before the rules are broken. Free 14-day trial for demo accounts: https://www.mql5.com/en/blogs/post/778026 New in v2.0 Prop firm presets: FTMO 2-Step, FTMO 1-Step, The5ers High Stakes, FundedNext Stellar 2-Step, or Custom. Choose one, enter your account size and the daily and max loss rules are set for you. Challenge tracker: profit target progress, minimum trading days and the best-day con
TravaRisco Trade Manager
Nuno Miguel Dourado Dos Santos
No more calculating lots by hand or forgetting to move your stop. Set your risk in %, click BUY or SELL: lot, stop loss and take profit are placed for you, then breakeven, partial close and trailing run on their own. Free 14-day trial for demo accounts: https://www.mql5.com/en/blogs/post/778026 NEW in version 2.20 Alerts: pop-up with sound, push notification to your phone and/or e-mail. You are alerted when a trade opens (also when a pending order is filled), at TP1 and TP2, when the stop moves
TravaRisco Signal Checker Pro
Nuno Miguel Dourado Dos Santos
Your indicator shows 81% winners on history. Could you really have taken those trades? Version 1.10: new result curve on the panel Large result curve in R: colored after costs, grey before costs, so you see how much the costs take. The deepest drawdown is shaded and a yellow line marks where the out-of-sample part starts. Totals, max drawdown, number of trades and dates on the chart - ready for screenshots and honest comparisons. TravaRisco Signal Checker Pro tests any MT5 arrow indicator honest
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