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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Signal Analyze Master
Shao Chen
Utilities
--------------Welcome to use [MQL5 Signal Analyze Master]------------------  Function: Draw order tracks of MQL5 MT4 and MT5 signal on MT4 chart. [Using guide] 1.Use it as Experts. 2.Download history record from MQL5 signal(MT4 signal or MT5 signal).  3.Paste history record file below "MQL4/Files/" 4.Load [Signal Analyze Master] on the symbol chart what you want to analyze. 5.Paste the history record file name to parameter 'FileName' 6.Select  SignalType  match the history you download on MT4
News Filter Expert Advisor for MT4
Salvador Martinez Ramos
Utilities
News Filter EA that send you a Push notification to your MT4 phone APP and TURN OFF MT4 Automatically Before News.  This EA doesn't work in backtest From 1.7 version  the EA have  Close all trades before news functions added. You only need to allow that url in MT4 options: To see the url and how to add it to MT4, visit this post: https://www.mql5.com/en/blogs/post/754402 When Metatrader is turned off, it saves the status of all the charts, indicators and Expert Advisors that you have in them
RSI Divergence Scanner MT4
Amir Atif
5 (3)
Utilities
RSI Divergence Scanner is a multi-timeframe and multi-symbol dashboard and alert that checks all timeframes and symbols to find divergences between price chart and RSI indicator. This divergence scanner is integrated with support and resistance zones so you can check the RSI divergences in the most important areas of the chart to find trend reversals in the price chart. Download demo version   (works on M 1,M5,M30,W1 timeframes) Full description of scanner parameters ->   click here . How to get
EA Hedger
Sergej Chukhista
4 (4)
Utilities
Have you bought a trading advisor, subscribed to a signal, or are you trading manually ?! Don't forget about risk management. EA Hedger is a professional trading utility with many settings that allows you to manage risks using hedging. Hedging is a trading technique that involves opening opposite positions to those already open positions. With the help of hedging, the position can be completely or partially blocked (locked). Why is it profitable to buy this product: Reliability   - the advisor
Simple and Easy MT4 Trade Panel
Salvador Martinez Ramos
Utilities
Simple and Easy MT4 Trade Panel by Winidecorw I created this EA to make your life easier by making it easier and faster to open your trades. The price will increase progressively, take advantage now! Simplify Your Trading with the Simple and Easy MT4 Trade Panel Are you tired of wasting time setting up each trade in MetaTrader 4? With the simple and easy MT4 trading dashboard, taking your trading to the next level has never been so quick and easy! This Trade Assistant dashboard is the Simple an
MT4 to Discord Signal Provider
Lukas Roth
5 (3)
Utilities
The MT4 to Discord Signal Provider is a user-friendly, fully customizable utility designed for sending trading signals directly to Discord. This tool transforms your trading account into an efficient signal provider. Customize message formats to suit your style! For ease of use, select from pre-designed templates and choose which message elements to include or exclude. [ Demo ] [ Manual ] [ MT5 Version ] [ Telegram Version ]  New: [ Telegram To MT5 ] Setup Follow our detailed user guide for eas
EasyInsight AIO MT4
Alain Verleyen
4 (2)
Utilities
EASY Insight AIO – All-In-One Power for AI-Driven Trading Want to skip the setup and start scanning the entire market – Forex, Gold, Crypto, Indices, and even Stocks – in seconds? EASY Insight AIO is the complete plug-and-play solution for AI-powered trade analysis. It includes all core Stein Investments indicators built-in and automatically exports clean, structured CSV files – perfect for backtesting, AI prompts, and live market decision-making. No need to install or configure indicators manu
Telegram to MT4 Coppy
Sergey Batudayev
3.75 (8)
Utilities
Telegram to MT4: The Ultimate Signal Copying Solution Streamline your trading with Telegram to MT4 , the cutting-edge utility designed to copy trading signals directly from Telegram channels and chats to your MetaTrader 4 platform—without the need for DLLs. This robust solution ensures seamless execution of signals with unparalleled precision and customization options, saving you time and boosting your efficiency. [ Instructions and DEMO ] [ FAQ ] Key Features Direct Telegram API Integration Aut
ManHedger MT4
Peter Mueller
5 (1)
Utilities
THIS EA IS A SEMI-AUTO EA, IT NEEDS USER INPUT. Manual & Test Version Please TEST this product before   BUYING  and watch my video about it. Contact me for user support or bug reports, or if you want the MT5 version! MT5 Version I do not guarantee any profits or financial success using this EA. With this Expert Advisor, you can: Implement your own   Zone Recovery   strategy to capitalize on trending markets. Create   Grid   trading strategies, to profit from ranging markets. Place orders easil
PZ Trade Pad Pro MT4
PZ TRADING SLU
5 (2)
Utilities
Effortlessly calculate lot sizes and manage trades to save time and avoid costly errors The Trade Pad Pro EA is a tool for the Metatrader Platform that aims to help traders manage their trades more efficiently and effectively. It has a user-friendly visual interface that allows users to easily place and manage an unlimited number of trades, helping to avoid human errors and enhance their trading activity. One of the key features of the Trade Pad Pro EA is its focus on risk and position manageme
Trade Manager MT4 DaneTrades
Levi Dane Benjamin
4.09 (11)
Utilities
DaneTrades Trade Manager is a professional trade panel for MetaTrader 4, designed for fast, accurate execution with built‑in risk control. Place market or pending orders directly from the chart while the panel automatically calculates position size from your chosen risk, helping you stay consistent and avoid emotional decision‑making. The Trade Manager is built for manual traders who want structure: clear risk/reward planning, automation for repeatable management, and safeguards that help reduc
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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 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
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
12833
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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