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ATR Position Manager with Risk Percentage MT4

5

XXXX ATR (Average True Range) Position Manager: ATR StopLoss, ATR Target, ATR Breakeven, ATR Trailing StopLoss, with Risk % Calculation / Position.


Fully automated advanced ATR EA is now available: 
https://www.mql5.com/en/market/product/94895

Key takeaways 

  • One click does it all: SELL and BUY button automatically places ATR stoploss, ATR target, ATR breakeven, ATR trailing stop and Risk % calculation of equity
  • Entire position is calculated based on ATR
  • No more manual position calculations = No more wasted time =  No more late entries
  • Position sizes can be determined in %, or in lot size
  • Breakeven button: puts all positions in profit to breakeven on current chart
  • Close All button: closes all positions on current chart
  • Total profit display in top right corner
  • Displaiying SL's and TP's $ value 
  • Preview fuction for ATR SL and TP, before entering a trade
  • Time count-back on current timeframe in the bottom left corner of the chart 
  • Tool panel can be hidden by one click on the top of the panel
  • Panel is movable, can be repositioned anywhere on the chart
  • EA can be removed from chart by clicking X on the panel
  • Designed for manual and algo trading as well. If you run a bot, ATR tool automatically manages any positions that was placed by your EA.
  • Only focus on the perfect entry points and just execute trades by 1 click
  • Works on all symbols, pairs, brokers (suffix added), timeframes
  • XXXX ATR position assistant can be added to multiple pairs simultaneously (max. 3 recommended)


Purpose of XXXX ATR tool 


We have created this ultimate ATR position tool, to eliminate multiple steps when entering a position:

  1. No more measuring ATR stop loss and target
  2. No more calculating risk reward in lot size
  3. Placing trade (only this remained)
  4. No more adding stop loss and target manually
  5. No more adjusting to breakeven 
  6. No more trailing position manually

Now all of these above are simplified into literally 1 click: SELL or BUY button.

Above we eliminated many steps, but in return we received some valuable gifts: 

  1. Freed up time = $ (time that the steps above took can be easily measured in money when missing a position or entering late)
  2. Less stress, less psychological pressure = more winning positions and better winning %
  3. Single focus = only focus on the trade setup on the chart
  4. More positions = $ (depending on trading style, for example scalpers can enter multiple positions (also on multiple pairs) in a blink)
  5. Better risk management = using same risk % on every trade keeps the account balance more safe: https://www.youtube.com/watch?v=5Uu1p3tB4p8&t=8s
  6. Consistent account growing = Risk % tool allows to have all positions worth the same size, which equals to more stable and rapid account growing
  7. Free screentime = never have to manage a position again and stuck in front of computer

 

How to use XXXX ATR trade assistant

  • SL and TP ATR x: ATR size can be determined
  • BE ATR x: Breakeven ATR size can be determined. Breakeven offset can be set up in settings, under BreakevenPriceOffsetPoints. If you wouldn't like to use Breakeven, then set the BE ATR value higher than TP ATR.
  • ATR (RMA) period's default value is 14, but it can be modified in settings, under ATR_Period. 
  • TRAIL' ATR (Checkbox): Trailing only works if it's checked in. 
  • Trailing can be used on candle close, or real time. Real time can be set up in settings, just change UseRealtimePricesForTrailing from "false" to "true".
  • Start of the trailing can be determined in "inputs" settings, under TrailingType. It can start immediately or based on ATR. 
  • TS ATR x: Trailing Stop ATR size can be determine, how far it should follow price based on ATR.
  • All the XXXX ATR panel's values can be modified even after entering a trade, this means we can still modify the values like TP, just delete T/P in MetaTrader and EA will re-add the modified TP. This is also true for SL, BE and TRAILING.
  • RISK %: Risk % of balance can be determined in the text box.
  • Risk % or lot size: By default EA is set up to use %. If you wish to change it to regualar lot size, please go to settings and change EnableRiskBasedLotSize to "false".
  • Preview function: Click checkbox, then hit sell or buy buttons to see SL and TP preview lines.
  • (Issue with panel resolution? Check Terminal64 Propertie's Compatibility menu's setup.) 


Please drop me a message if you have any question. 


Reviews 5
Emma_FF36
229
Emma_FF36 2023.08.15 14:55 
 

The author is absolutely fantastic and very helpful to answer you any queries about the tools and provide advice on how to use it! Incredible! He is going extra mile! highly recommended!

Samuel Makumbe
164
Samuel Makumbe 2023.03.09 09:01 
 

Incredible tool ever. I'm actually a system trader, and for most of my trades I use ATR, and this tool made my trading life easier.

forexgod1
54
forexgod1 2022.11.03 19:17 
 

Greatest tool ever invented!!! Read my comment!

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Noha Mohamed Fathy Younes Badr
5 (6)
Hi, all.  News trapper EA It is an expert for trading very safe expert  put Settings interest rate only or high impact news for Automated Trading on the news of the economic calendar. It shows stable trading during last 10  years. EA doesn't use dangerous technologies like martingale, grid. The Expert is very simple to use. The program contains flexible settings In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools >Options > Expert Advisors. Check th
Exp Averager
Vladislav Andruschenko
4.79 (19)
Exp-Averager  is designed to Average your trades that have received a certain drawdown by opening averaging trades. The advisor has the ability to open new positions in on trend or against the current trend.  It also includes a smart trailing stop feature that applies to a series of positions.  The advisor can increase or decrease the lot size of the positions.  This is a widely used strategy for bringing losing positions to the average price.        MT5 version Full Description +DEMO +PDF  
TPSpro Trade PRO
Roman Podpora
5 (3)
-  Version MT5  (Coming soon) An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility  TRADE PRO   provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over th
TakePropips TradePad Pro
Eric John Pajarillaga Aldana
5 (4)
TakePropips TradePad Pro  (MT4) includes a powerful trade manager, equity protection, currency strength meter, account reporting tools, risk management tools, and more! It is the perfect companion for manual traders and prop-firm traders. It is one of the most advanced forex trade manager and trade assistant that you will ever come across! It is the perfect solution for traders who wants a more efficient way of managing trade transactions. You can download the user manual and installation guide
Risk Manager for MT4
Sergey Batudayev
4.5 (8)
Expert Advisor Risk Manager for MT4 is a very important and in my opinion necessary program for every trader. With this Expert Advisor, you will be able to control the risk in your trading account. Risk and profit control can be carried out both in monetary terms and in percentage terms. For the Expert Advisor to work, simply attach it to the currency pair chart and set the acceptable risk values ​​in the deposit currency or in % of the current balance. Version for MT5 -  https://www.mql5.c
More from author
XXXX ATR (Average True Range) Position Manager: ATR StopLoss, ATR Target, ATR Breakeven, ATR Trailing StopLoss, with Risk % Calculation / Position. Fully automated advanced ATR EA is now available:  https://www.mql5.com/en/market/product/94895 Key takeaways   One click does it all: SELL and BUY button automatically places ATR stoploss, ATR target, ATR breakeven, ATR trailing stop and Risk % calculation of equity Entire position is calculated based on ATR No more manual position calculati
Introducing the ATR EA Position Manager, a comprehensive tool designed for traders seeking advanced control. With this manager, you can effortlessly set ATR sizes for stop loss and take profit and conveniently determine Breakeven and Trailing sizes. Enjoy the flexibility of trailing on candle close or real-time, utilizing trailing distances based on ATR. Adjust Preview SL and TP lines based on % or lot size before position entry and secure profits with the automated ATR Breakeven or manual brea
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Emma_FF36
229
Emma_FF36 2023.08.15 14:55 
 

The author is absolutely fantastic and very helpful to answer you any queries about the tools and provide advice on how to use it! Incredible! He is going extra mile! highly recommended!

Samuel Makumbe
164
Samuel Makumbe 2023.03.09 09:01 
 

Incredible tool ever. I'm actually a system trader, and for most of my trades I use ATR, and this tool made my trading life easier.

forexgod1
54
forexgod1 2022.11.03 19:17 
 

Greatest tool ever invented!!! Read my comment!

Karine Robert
65
Karine Robert 2022.11.02 20:22 
 

User didn't leave any comment to the rating

Jack Faulkner
43
Jack Faulkner 2022.09.12 10:49 
 

Really happy with this tool, means I can get way more accurate entries and better prices on the lower timeframes

Reply to review
Version 2.7 2022.10.11
1. Improved dragging function on tool panel
- Click the checkbox which will turn to green color, next to the X in the top right corner of the tool panel, then drag the panel and place it anywhere you like it.

2. Added lot size to preview lines
- From now not only the dollar amount will be visible on the preview lines, but the lot size as well.

(These added functions are credited to one of our customer, Karine. Thank you for these great ideas and making this tool more awesome.)
Version 2.6 2022.04.17
1) Movable panel ( double or triple click the grey background of the panel then drag it anywhere on the chart)

2) Displaying $ value for stoploss and target (also for multiple positions). In input settings it can be switched off.

3) Option for when to start trailing, immediately, or ATR based, which can be set up in "inputs" settings, called TrailingType.

4) Trailing ATR value is now separated from SL value on the panel.

5) Preview for ATR SL and TP. Hit preview checkbox and then click buy or sell button, then the SL and TP lines will be displayed on the chart without entering a trade. Every time you hit sell or buy button, then the SL and TP lines will update. If you uncheck the preview checkbox, then sell and buy buttons will execute the trades.

(Both 3 & 4 improvement ideas are from one of our ATR tool users, Jason.
Number 1 idea is from UAEX. Thank you guys for helping making this ATR trading tool more awesome.)
Version 2.4 2022.03.09
Trailing stop used to move on candle close, but from now it can be modified in settings to use it real time, so if price moves in our favor, then trailing also follows price at the same time, and candle doesn't have to close to do so.

If you wish to use trailing real time, it can be set up in settings, just change UseRealtimePricesForTrailing from "false" to "true".