Trade Risk Management

5

This is a calculator that allows you to manage your trade risk in every trade. Decide in advance the risk you want to assume using Stop Loss or Take Profit; account percentage or specific amount of your currency. 
You can also use this tool to can test faster your manual strategies, because Trade Risk Management can be perfectly used on backtesting   
For new traders, this may become your favorite tool; allowing you to easily control the risk of your trades, and train your skills trading on Backtesting.
For experienced traders, this is one amazing tool you would like in your arsenal to can manage your risk. Simple to Use and ready to Backtest.

How does it work?

The Trade Risk Manager gives you 3 options to select the Risk (percentage of the account you want to risk “Acc %”; the amount of money (in your currency) or the lots you want to risk).
Then it shows you the result calculation on the easy to use Dashboard. You can directly trade or set up the order to be ready to trade at any moment using your specific Stop Loss or Take Profit. 

Unique features

  • Works on any account type and broker.

  • Works with all times frames and currencies

  • Can be used on the Backtesting  You can use it to train or to test new manual trading ideas

  • Backtesting turbo, which means it can run really fast during backtesting if selected. To can speed the market movements 

  • Virtual SL / TP (to hide SL / TP) from the broker to avoid fake touch or public TP / SL

  • Shows SL / TP, if selected it will appear your SL and TP updated with the calculated risk

Recommendations: 

  1.  When backtesting, use speed under 32 (highest backtesting MT4 speed), to can properly use buttons and other functions of the Trade Risk Management 

  2.  When you use "Turbo" on backtesting, the calculator will be shown but in order to increase the speed, all his buttons/functions will be disabled until "Turbo" has been un-selected.

  3. Set your default entries on the EA to can switch faster between your desired values

How to Use it ( Real Time Trading)

Step 1.- Attach Trade Risk Management and select the default settings that works better for you.

.- Decide the risk calculation

.- Trade instantly or set up the new posible trade to can manually modify the TP / SL levels 

How to Use it: ( Backtesting Trading)

Step 1.- Open Backtesting on Visual Mode and select Trade Risk Management.

.- Decide the risk calculation

.- Trade instantly or set up the new posible trade to can manually modify the TP / SL levels 

Step 2.- Use the Terminal to can manage trades individually:

.- Drag the lines of Take Profit and Stop Loss to modify them

Bonus Step.- At any moment, you can select "Turbo" to increase the speed of the backtesting


- Working Tabs:

Positions tab - Work with positions:

  • Trade Risk Manager: Opening / Closing BUY and SELL

  • Set Up (points) Stop Loss / Take Profit (Prepare your trade)

  • Management Risk: Stop Loss/ Take Profit %, Account Currency or Lot

  • Close the trade by clicking ”x”

  • Position management / SL / TP from the terminal chart

  • Autolot / Dynamic lot as a percentage of the balance or the set stop loss

  • Enabling / Disabling Real / Virtual Stop Loss and Take Profit

  • Backtesting turbo (only on backtesting)

-  Input Parameters:

(Everything except Magic Number can be modified in the dashboard / panel)

  • Magic Number: The Magic Number used for the trades, associated with the EA.
  • Default Lot Size: The default Lot Size when you switch to "Lot Size". 
  • Default Stop Loss (Points): The default Stop Loss when you select "Set up", on the orders Terminal. 
  • Default Take Profit (Points): The default Take Profit when you select "Set up", on the orders Terminal. 
  • Default Percentage: The default Percentage when you switch to percentage. Percentage is the x% of your Account Balance.
  • Default Money: The default Currency Value when you switch to your Currency. 
  • Comment Orders : The default comment when the order is opened.
  • Hide S/L & T/P  : To hide S/L & T/P, so the Broker doesn't close your trades but the EA himself, will close your trades using the visual lines shown in the chart.
  • Show S/L & T/P   : To can check the trade risk calculation for each order S/L and T/P

Reviews 10
Yuki Yamagishi
562
Yuki Yamagishi 2023.04.23 01:15 
 

Good!!

Richard Caughell
1581
Richard Caughell 2022.08.03 18:03 
 

When a trader begins there journey, this tool must be part of there development. Sets the guide stones for developing a sound trading style. It tells you.

alphafirst
37
alphafirst 2022.07.14 23:37 
 

THIS EA IS GREAT FOR TRADE MANAGEMENT AND AND RISK MANAGEMENT . THANK YOU FOR GOOD SERVICE AND FAST RESPONSE

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Trendsurfer Trailing Stop Manager
Christian Becker
Utilities
Automate your Trendsurfer trailing stop management - day and night With this Expert Advisor for Metatrader 4 you save time, avoid mistakes and trade more relaxed - specially developed for the Trendsurfer trading system. Always the right stop loss Fully automatic Simple to use Saves you time How it works 1. download the Expert Advisor and install it in Metatrader 4 (I will give you instructions on how to do this) 2. define your stop-loss rule 3. run your computer or VPS - the Expert Advisor
Discord To MT4 Copier
Trinh Dat
5 (4)
Utilities
The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrader
Take a Break
Eric Emmrich
5 (31)
Utilities
News filter, equity guard & session control for all your EAs — one tool, full protection Take a Break has evolved from a basic news filter into a comprehensive account protection solution . It pauses your other Expert Advisors during news events or based on custom filters. When trading resumes, it automatically restores your entire chart setup , including all EA settings. Why traders choose Take a Break One news filter for all your EAs — no more relying on individual built-in filters that may o
Alert Msg to Market Order
Nguyen Quoc Hung
5 (4)
Utilities
This EA is fully automated , it is built based on  the method of catching the pop-up Alert event and Open Market Orders (BUY/SELL) . Download trial version here:  https://www.mql5.com/en/blogs/post/751340 ***NOTE:   It is recommended to remove the available filter settings, only install the filter for your indicator. Parameters of the EA: -------- <EA Settings> -------- Magic Number:   The identifying (magic) number of the currently selected order. Allow Open trade:   Enable/ Disable Open Trade
FTMO Protector PRO MT4
Rando Pajuste
5 (1)
Utilities
Short Description: FTMO Protector PRO MT4 is an EA designed to protect your funded account by managing risk and ensuring compliance with the Prop Firm's trading rules. This EA automatically monitors equity levels, closes trades when profit targets or drawdown limits are reached, and provides a visual display of key account metrics. EA w orks with all different Prop Firm service providers. Overview: FTMO Protector PRO MT4 is an Drawdown Safeguard Expert Advisor meticulously crafted for traders
Live Forex Signals
Denis Nikolaev
Utilities
Live Forex Signals is designed for trading on site signals   https://live-forex-signals.com/en   and    https://foresignal.com/en . Live Forex Signals for MetaTrader 5  https://www.mql5.com/ru/market/product/81448 Parameters Username and Password if you have a subscription to the sites live-forex-signals.com/foresignal.com , then you should fill in these parameters with your credentials; if there is no subscription, then leave the fields empty; Comment comment on the deals being opened Risk ri
News Filter EA MT4
Rashed Samir
5 (9)
Utilities
News Filter EA: Advanced Algo Trading Assistant News Filter EA is an advanced algo trading assistant designed to enhance your trading experience. By using the   News Filter EA , you can integrate a Forex economic news filter into your existing expert advisor, even if you do not have access to its source code. In addition to the news filter, you can also specify   trading days   and   hours   for your expert. The News Filter EA also includes   risk management   and   equity protection   features
Trade Copier Global
Laszlo Tormasi
5 (15)
Utilities
Trade Copier Global: The name speaks for itself. This copier allows you to copy orders between MT4 terminals even if they are not installed on the same computer. Features Copying trades between MT4 terminals around the world with a short delay. Automatically recognizes symbol prefixes. Can connect many Slaves to the same Master. Supports pending and market orders. Supports partial order close (with limitations, see below) Can send messages and notifications to the Slaves from the Master Several
Advanced Trade Simulator
Marton Papp
5 (5)
Utilities
Advanced Trade Simulator It is an indicator you can attach to any chart and then buy and sell the given symbol virtually. No actual trading takes place.  You can attach it to multiple charts. Then you can buy multiple symbols. A more detailed description here:  https://www.mql5.com/en/blogs/post/750336 Features: - buy and sell immediately on the given time frame - market , limit and stop orders - generalized OCO, more than 2 orders can cancel each other. - OSO, one sends another.. - set lot ba
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Ultimate Supply Demand MT5
Ramon Sobrevals Arce
5 (4)
Indicators
After working during many months, with the help of Neural Networks, we have perfected the ultimate tool you are going to need for identifying key price levels (Supports and Resistances) and Supply and Demand zones. Perfectly suitable to trigger your trades, set up your future actions, decide your Take Profit and Stop Loss levels, and confirm the market direction. Price will always move between those levels, bouncing or breaking; from one zone to another, all the remaining movements are just mark
Supreme Commander
Ramon Sobrevals Arce
4.13 (8)
Indicators
The indicator of the indicators. The Most Powerful Technique to Determine Forex Trend Strength in 2023. We have perfected Supreme Commander that it calculates an average of the selected indicators (up to 16) and the selected timeframe (all) with the result of a single trend that indicates the potential of buying and selling.  It includes the following indicators: Accelerator/Decelerator oscillator Average Directional Movement Index Awesome oscillator; Bulls and Bears  Commodity Channel Index; De
Ultimate Supply Demand
Ramon Sobrevals Arce
5 (3)
Indicators
After working during many months, with the help of Neural Networks, we have perfected the ultimate tool you are going to need for identifying key price levels (Supports and Resistances) and Supply and Demand zones. Perfectly suitable to trigger your trades, set up your future actions, decide your Take Profit and Stop Loss levels, and confirm the market direction. Price will always move between those levels, bouncing or breaking; from one zone to another, all the remaining movements are just mark
Tick Chart Window
Ramon Sobrevals Arce
Indicators
Do you need precision? Tick charts show each change in the ask or bid; The chart updates whenever either price changes. Study the markets more deeply, with surgical precision. Tick Chart Window saves all the received ticks and shows them into a seperate window. Get the best entry price in the Market.               trade with precision trade good  Spread Register In the comment section you will see the highest spread, the lowest spread and the average spread since the indicator was loaded.
FREE
Harmonic Papallons
Ramon Sobrevals Arce
3.33 (3)
Indicators
Automatically scans the chart to find Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears, showing you a projection of a posible future pattern. The main goal  for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. Giving  you the best price within a reversal.   We have added the "Golden Trade", we define it as the perfect order: For those orde
Marker Bands
Ramon Sobrevals Arce
4 (1)
Indicators
This indicator consists in two different algorithms, in order to profit all fast movements created during noises of the market. First of all, it plots normalized trend bands to can filter the possible trades. The normalized trend bands are calcualted using an exclusive mathematical algorithm to has both the correct trend and the fast adaptability to the change of trends. With those bands you can know when you are inside the trend, or when you are outside. The second alhorithm uses a private fo
Make Your Own TimeFrame
Ramon Sobrevals Arce
Indicators
Would you like to set up the best time that fits your trading style? This indicator gives you this solution with ease. 1 minute, 2, 3, 10 or whatever you want, now you can have them all with a simple external window indicator. 5 seconds, 10, 30 or whatever seconds you want, now you can have those charts. You can visualize different timeframes when Backtesting strategies. The trading system is suitable for experienced traders and beginners. The charts can be used for manual trading (short-term or
Velas RENKO
Ramon Sobrevals Arce
Indicators
Immediately plots renko bars in an external/indicator window.  One of the distinctive advantages Renko charts offer is the fact that they are not time dependent. Therefore, the new Renko blocks are only traced when the price moves higher or lower by the specified number of points.  For example, a 10 pip (100 points) Renko chart would plot the blocks when price moves 10 pips higher in an uptrend or 10 pips lower in a downtrend. Renko charts removes "noises" from the Market and i t helps to identi
Marker Bands Pro MT5
Ramon Sobrevals Arce
Indicators
This indicator is created by using an exclusive algorithm to indicate you Buy or Sell in an accurate way all the possibles reversals within a normalized trending bands. The main goal for this algorithm is to achieve fast profitable movements and aggressive retracement. Thanks to the normalized bands, using the noises of the market. We have added the "Golden Trade", we define it as the perfect order:   For those orders that had the perfect entry price. They were always in profit, or the final pr
Harmonic Papallons Pro MT5
Ramon Sobrevals Arce
Indicators
Automatically scans the chart to find Harmonic Patterns, and give you the chance to enter early in good operations. Also if selected, it will alert you in advance when future patterns appears, showing you a projection of a posible future pattern. The main goal  for this algorithm is to determine with high precision the moment when a trend ends and a new one begins. Giving  you the best price within a reversal.   We have added the "Golden Trade", we define it as the perfect order:   For those ord
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rainetrader
19
rainetrader 2024.03.06 14:28 
 

User didn't leave any comment to the rating

Yuki Yamagishi
562
Yuki Yamagishi 2023.04.23 01:15 
 

Good!!

Richard Caughell
1581
Richard Caughell 2022.08.03 18:03 
 

When a trader begins there journey, this tool must be part of there development. Sets the guide stones for developing a sound trading style. It tells you.

alphafirst
37
alphafirst 2022.07.14 23:37 
 

THIS EA IS GREAT FOR TRADE MANAGEMENT AND AND RISK MANAGEMENT . THANK YOU FOR GOOD SERVICE AND FAST RESPONSE

aseda.k
60
aseda.k 2022.02.19 15:20 
 

Works perfectly.

Ben Blackburn
38
Ben Blackburn 2022.01.18 21:58 
 

User didn't leave any comment to the rating

zeem411
19
zeem411 2021.12.13 20:47 
 

Best tool i found in the market. The other tools I found expansive with fewer features. Ramon, the developer, helped me to fix my MT4. Moreover, Ramon answers all my questions in a timely manner with screenshots. Thank you Ramon for the great tool.

Prabuddha Peramune Arachchilage
132
Prabuddha Peramune Arachchilage 2021.10.06 10:36 
 

One of the best tools. Really cheap when comparing with other same category tools. This is a tool I searched a lot. Thanks for the creator @Ramon

Ramon Sobrevals Arce
12838
Reply from developer Ramon Sobrevals Arce 2021.10.07 12:15
Thank you so much for your feedback. It really helps us a lot to keep our hard work.
Feel free to share with us anything else, or future updates you would like in our tool.
ball6847
49
ball6847 2021.06.29 05:59 
 

The Best cost-effective Trade Manager on MT4. Very flexible risk management.

threepe
63
threepe 2021.02.08 11:18 
 

User didn't leave any comment to the rating

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