• Overview
  • Reviews (7)
  • Comments (129)
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My Money Manager

My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.

It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.

With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and professional work now.

This tool is the money manager part that split from Auto Trade Driver: https://www.mql5.com/en/market/product/4217

Note: Demo version for testing can be found here: https://www.mql5.com/en/market/product/5400


Highlight Features

  • Calculate exactly the volume that meets your desired stop loss risk (% of balance), including the commission fee charged by a broker.
  • Allow drag-and-drop EP/SL/TP level directly on chart to preview before placing orders.
  • Provide one-click-trading for all types of orders.
  • Keep reporting about estimated SL/TP levels when an order is opening.
  • Real-time control panel.
  • Restore previous settings after shutdown or power-off.


Setting Parameters

  • Commission Setting (Menu): Set how your broker charges commission per lot traded. This factor is important to calculate the required volume that meets your stop loss risk.
    • Commission Type: This is how your broker charges commission. It is "Account currency" if commission is charged on account currency unit, and "Base currency" if commission is charged on base currency of a trading pair.
    • Commission Per Lot: The amount of currency units charged as commission for a round turn standard lot. If your broker/account type does not charge commission, just leave this value as zero.
  • Stoploss Risk: The risk percentage that you accept to lose if stop loss occurs.
  • Est. Loss+Commission: The total loss you will incur at stop loss point. This total loss amount includes order's loss and order's commission.
  • Order Type: Choose the order type that you want to take place.
  • Order Comment: Note for your order as regular MT4 order's comment.
  • Magic Number: You can enter a custom magic number to identify your order for further use.
  • Set SL/TP By: Choose how to set Stop loss/Take profit point. It is "Price" if you want to set SL/TP by a certain price value, "Distance" if you want to set them by a distance from the entry point.
  • Adjustment Step: Increase/Decrease space of the price adjustment when using Increase/Decrease arrow button.
  • Stoploss/Takeprofit/Distance: Value to determine the Stop loss/Take profit point. Setting Stop loss point is mandatory to calculate appropriate volume (you may remove Stop loss later if you want, but need to enter a value to calculate volume and place order). Leave Take profit as zero means setting an order without take profit.
  • Order Dragging feature: When you are setting EP/SL/TP on the control panel, you will also see that there are horizontal lines with corresponding levels on the chart. You can select those lines and drag them to adjust order EP/SL/TP. Due to these levels, order type will be auto selected.
Reviews 7
msfxe
44
msfxe 2017.08.11 11:23 
 

Amazing script, well worth the price tag. Have always looked for a simple terminal that would allow me to place my trades based off risk %, pips, include commissions, risk-to-reward, balance, etc. Recommend this to anyone who wants to increase their money management skills and efficiency as a trader.

Brian Smith
1173
Brian Smith 2017.01.16 01:59 
 

Amazing product. This actually helps me gauge my total risk return prior to executing a trade. This way If I choose to not use a S/L in my trade signals I can know exactly what the drawdown risk will be.

Tobias Domeier
271
Tobias Domeier 2017.01.10 05:48 
 

Perfect

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This is a visual strategy builder . The way it is supposed to be. Turn your trading strategies and ideas into Expert Advisors without writing a single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution , strategy tester and cloud optimization . This utility does NOT work in the strategy tester. The DEMO version is here: https://www.mql5.com/en/market/product/30172 More information about the product, inc
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Vladimir Pastushak
VR Watch list and Linker is an expert advisor for synchronous changes of financial instruments in open windows of the MetaTrader terminal. Choosing a trading instrument in the market overview, you will immediately get charts in the open terminal windows. Each window can be configured individually by you. With the VR Watch list and Linker program you can Quickly check a large number of financial instruments and find those instruments that have high-quality trading signals. Filter and scan financ
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Trade Assistant MT4
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Evgeniy Kravchenko
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Fast Copy MT4
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Pavel Kolchin
The program allows you to locally copy transactions between different MetaTrader 4 and MetaTrader 5 accounts in any direction and quantity as quickly and easily as possible, the program works on " Windows   PC " and " Windows VPS ". Any type of copying is available MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4 * For copying between different MT4 ↔️ MT5 terminals, you need to purchase two versions of   Fast Copy MT4  +  Fast Copy MT5 How the program works The program copies transactions between two
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Exp COPYLOT CLIENT for MT4
Exp COPYLOT CLIENT for MT4
Vladislav Andruschenko
Trade copier for MetaTrader 4. It copies forex trades, positions, orders from any accounts. It is one of the best trade copiers MT4→MT4, MT5→MT4 for the COPYLOT MT4 version (or MT4→MT5 MT5→MT5 for the COPYLOT MT5 version). Copier  version for  MetaTrader 5  terminal ( МТ5→МТ5, МТ4→МТ5 )-  Copylot Client MT5   The unique copying algorithm exactly copies all trades from the master account to your client account. The product is also noted for its high operation speed Tough error handling. A power
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Copier4Fee Advanced
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Vladimir Tkach
The utility copies trades from the signal provider accounts (master accounts, one or multiple providers) to unlimited number of receiver accounts (slave accounts).  Attention! Y ou need to use identifiers (Provider number) of the same length if you use several master copiers. For example. 1, 2, 3 or 11, 13, 22. The copying can be set in the opposite direction. The comments with all the recently performed actions are displayed on the screen to monitor the utility actions in slave mode. To avoid p
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MT4 to Discord
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Trinh Dat
The Expert Advisor will send notifications via Discord when orders are opened/modified/closed on your MetaTrader 4 account. Send message and screenshot to Discord group/channel .  Easy to customize message.  Support for all languages. Support full Emoji.  Parameters Discord url Webhook  - create webhook on your Discord channel. Magic number filter  - default all, or input magic number to notify with comma, like: 111,222,333. Symbol filter  - default all, or input symbol to notify with comma
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WaltSoft Trade Manager
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Manage Your Risk Automatically Calculate the Lot Size for a given Percent Risk  and place the order with Stop Loss and Take Profit with one single click of a button. Drag and position your Stop Loss and Take Profit before placing the actual order. Can close positions with one click of a button. Can lock in profit of your trades with a Set Break Even function and/or a Trailing Stop Loss. Can work with Market Orders, Instant Orders, Pending Stop Orders and Pending Limit Orders. Works on any instru
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nguyen the toan
726
nguyen the toan 2019.03.22 15:56 
 

User didn't leave any comment to the rating

msfxe
44
msfxe 2017.08.11 11:23 
 

Amazing script, well worth the price tag. Have always looked for a simple terminal that would allow me to place my trades based off risk %, pips, include commissions, risk-to-reward, balance, etc. Recommend this to anyone who wants to increase their money management skills and efficiency as a trader.

Brian Smith
1173
Brian Smith 2017.01.16 01:59 
 

Amazing product. This actually helps me gauge my total risk return prior to executing a trade. This way If I choose to not use a S/L in my trade signals I can know exactly what the drawdown risk will be.

Tobias Domeier
271
Tobias Domeier 2017.01.10 05:48 
 

Perfect

Douglas Quinton
88
Douglas Quinton 2015.11.19 18:54 
 

Absolutely fantastic, have been using over the past few days with GREAT SUCCESS ! Fast, quick entries giving all the information needed including the beautiful RR ! Also able to prepare in advance of potential trade, keeping an eye on RR etc....BRILLIANT !

A REQUEST / SUGGESTION FOR NEXT VERSION : Please have Option for 2 TPs. TP1 X% of trade, TP2 X% of trade. Only use TP2 if user selects and completes. THIS WOULD BE SOOO AWESOME !!!

Alexey Levashov
473
Alexey Levashov 2014.12.09 12:03 
 

Отличный EA!!! Большое спасибо разработчикам.Давно искал подобного эксперта.Очень актуален при открытии позиции по маркету,когда стоплосс уже известен а цена еще двигается.Размер позиции пересчитывается очень быстро.Рекомендую тем,кто серьезно подходит к своему манименеджменту и статистике.

gcgipson
542
gcgipson 2014.09.27 15:12 
 

This utility is simply brilliant! The genius is in how clean, simple and readily available the panel is. The auto lot calculation (based on risk percentage) and setting TP and SL by pip distance, turns the process of processing orders into a cake walk. Great job, this is a tremendous value!

Reply to review
Version 1.77 2021.04.04
- Fixed: Auto-save Risk:Reward setting.
Version 1.76 2021.01.05
- Improved: Code optimized.
Version 1.75 2021.01.04
- Fixed: Minor bugs.
Version 1.74 2020.05.28
- Fixed: Set millisecond timer issue.
Version 1.73 2019.08.26
- Changed: Keep previous parameters after placing orders.
Version 1.72 2019.01.23
- Changed: Remove default order comment (AutoFxPro.com)
Version 1.71 2018.08.06
- Improved: Allow open multi-positions if calculated lot size is bigger than maximum lot size.
Version 1.70 2017.03.10
- Improved: Optimize the calculating functions.
Version 1.69 2016.07.20
- Fixed: Show correct information for Buy Stop/Limit order on the chart.
Version 1.68 2016.06.13
- Improved: OnChartEvent() function is adaptable with MT4 version 4.00 build 971 (7 Jun 2016).
Version 1.67 2016.01.20
- Fixed: Invalid trading volume if lotsize step was larger than 0.01.
Version 1.66 2016.01.08
- Fixed: Correct calculation for account with exotic balance currency.
Version 1.65 2015.09.30
- Fixed: Fixed eternal loop if click Buy/Sell when AutoTrading is disable.
Version 1.64 2015.09.16
- Fixed: No freeze and looping alert anymore when clicking Buy/Sell at closed market.
Version 1.63 2015.05.08
- Improved: Increase lotsize calculating for exotic pairs.
- Improved: Only show trading symbol in Market Watch if necessary.
Version 1.62 2015.04.29
- Added: Risk/Reward Ratio adjustment.
- Improved: Support for exotic currency account.
- Improved: Support for CFD, Indexes instruments.
Version 1.60 2015.04.09
- Improved: Retrying to open orders/positions until success.
Version 1.59 2015.03.27
- Fixed: Agressive alert informing AutoTrading feature.
Version 1.58 2015.02.03
- Fixed: Force to display all graphic objects to the front of the chart. They could be hidden at few low RAM computers with previous version.
Version 1.57 2015.01.16
- Fixed: Expert Advisor's status message correction.
- Fixed: Eliminate potential zero divides.
Version 1.56 2015.01.06
- Fixed: Correct TP point adjustment after placing order in some cases.
Version 1.40 2014.12.03
- Fixed: Mistaken TP point with zero value.
Version 1.35 2014.10.30
Improved: Better adjustment in fast moving market
Version 1.30 2014.10.21
- Improved: Update SL & TP according to actual EP for market order.
Version 1.25 2014.09.02
Fixed minor bugs.