Risk Radar Position Sizer and Trade Manager
- Utilities
- Version: 1.0
- Activations: 5
Risk Radar sizes and places split entries for you, so every trade risks exactly what you planned.
Set your stop loss, choose your risk, and enter at market or with a pending order. Risk Radar works out the lot size for each entry, places them all at once, and sets your take profits as R-multiples of your stop.
WHAT IT DOES
- Exact risk sizing: risk a % of your balance, your equity, or a manual amount. Lot sizes come from your stop distance and the symbol's live tick value.
- Split entries with weights: split one trade into up to 5 entries (for example 50% / 30% / 20%) and Risk Radar sizes each one so the total matches the risk you chose.
- Per-entry stop losses: give each entry its own stop if you want.
- R-multiple take profits: set targets like 1R, 1.5R or 2R instead of typing prices. Leave any entry's target blank to keep it open as a runner, one entry or several.
- Market orders: place your stop line on the chart and hit BUY NOW or SELL NOW. No entry price to type.
- Pending orders: set your entry price and Risk Radar offers the right order type, Buy Limit, Buy Stop, Sell Limit or Sell Stop, sized the same way.
- Order expiry: pending orders can expire at end of day or at a custom time.
- Live trade manager: change the SL or TP on each open position, sync one stop or target to all of them, and close one position or all at once.
- Compact mode: hide the set-once settings behind the gear button and keep only what you need on screen.
- Settings remembered across timeframe and symbol changes.
PROP FIRM MODE
Optional. Leave it off for normal trading, or turn it on with one click to protect a prop firm challenge account. When it's on, it covers the whole account, on every chart.
- Daily loss and max drawdown limits: set them as % of account size or as a dollar amount.
- Fixed or trailing drawdown, to match your firm's rules.
- Max trades per day. Split entries count as one trade.
- Choose when the trading day resets: broker time or your PC time.
- When a limit is hit: lock trading only, or lock and close every trade instantly.
- Live meters for day loss and drawdown, always on the panel.
WHO IT'S FOR
Manual traders and prop firm traders who scale into positions and want their risk exact on every trade.
WORKS WITH
Forex, metals, indices and other MT5 symbols, on hedging accounts.
IMPORTANT
Risk Radar is a trade utility. It does not give signals or trade on its own, and it does not promise any profit. Trading carries risk.
Questions or ideas? Send me a message on MQL5. I read every one.
