TrueRisk Trade Manager MT4

TrueRisk Trade Manager is a one-click trading panel for MetaTrader 4. You set your risk in percent and the stop loss; the panel works out the lot size, checks that the stop can't take you past your daily or maximum loss limit, opens the trade and then manages it for you: partial close, break-even and trailing stop.

• Lot size from your risk %, cut to the room left before your loss limits
• Partial close, break-even and trailing stop in R, automatically
• Stop loss and lot size for trades you open on your phone
• The full TrueRisk Account Guard Pro engine for the whole account, with prop firm presets

MT5 version | TrueRisk Account Guard Pro MT4 | TrueRisk Trade Copier MT4 | TrueRisk Trade Panel MT4 (free)

Which one do you need? TrueRisk Account Guard: you only want the daily and maximum loss lock. TrueRisk Account Guard Pro: also firm presets, a per-trade loss cap, automatic stop loss, trade limits and Friday close. TrueRisk Trade Manager: everything in Guard Pro plus the one-click panel: lot size from your risk, break-even, partial close and trailing stop.

Underneath it runs the TrueRisk Account Guard Pro engine: firm presets, daily and maximum loss locks and Friday close for the whole account.

Trade panel

• Buy and Sell buttons with the lot size already worked out from your risk (% of balance, equity or the initial challenge balance)
• Stop loss in points, or automatic: 1.5 x ATR(14) of the chart's timeframe
• Take profit as a multiple of the risk (for example 2R), or none
• Lines mode: drag the stop-loss and take-profit lines on the chart; the lot updates as you drag
• Pending mode: drag an entry line too; the panel places a limit or stop order depending on where the line is
• Close this symbol, close all (both ask for a second click) and move every trade to break-even
• The panel shows the lot, the money at risk and the room left before the guard would step in

Prop-safe sizing (what makes it different)

Before every trade the panel adds up what you would lose if every open trade and pending order hit its stop loss. A new trade's stop may only use the room that is left before your daily or maximum loss limit (minus the safety buffer). If the trade would need more, the lot is cut to fit, or the trade is refused if you prefer. So a run of stopped-out trades can't push you past a limit; only slippage, gaps or trades without a stop loss can.

Automatic trade management (R = distance from entry to the first stop loss)

• Partial close: close a part of the trade at a profit of X R (default: 50% at 1R). MT4 gives the rest of the trade a new ticket; the manager keeps following it
• Break-even: move the stop to the entry at X R, optionally locking a little profit (default: at 1R)
• Trailing stop: from X R, follow the price at a distance of Y R (default: from 1.5R at 1R)
• Choose which trades it manages: panel trades on this symbol, all trades on this symbol (also manual trades and other EAs), or all trades on the account
• Only works while the market is open, so the broker never sees requests during the daily break

Trades from your phone

Optional, both off by default: a manual trade you open after attaching the panel (MT4 mobile app, one-click trading) gets the panel's stop loss and take profit if it has none, and is cut down to your risk % and to the room before your limits. It never increases a lot. Open the trade with a bigger lot than you need and the panel trims it.

Prop firm guard (whole account: every symbol, every EA, manual trades)

• Firm presets: FTMO 2-Step, FTMO 1-Step, FundedNext Stellar 2-Step, The5ers High Stakes, or Custom
• Daily loss limit with the reset in server time, Prague time, New York time or UTC (summer time handled)
• Maximum loss: static, trailing or end-of-day trailing
• Steps in at, for example, 80% of a limit: closes all trades, deletes pending orders and keeps trading locked (daily: until the reset, maximum: for good)
• Optional: per-trade loss cap and stop loss for trades without one, max open trades, lots and trades per day, Friday close

The presets follow the rules the firms published in October 2026. Firms change their rules: compare the panel with your firm's dashboard before trading.

Try it in the Strategy Tester

In the tester the panel opens demo trades with your settings (tester only, never on a live chart), so you can watch the lot sizing, partial close, break-even and trailing stop at work.

How it was tested

Live, on an MT4 demo account (14 October 2026, EURUSD, 0.5% risk): the Buy button opened 0.10 lot with the stop and a 2R take profit (risk 22.90); a 0.50 lot manual trade without a stop got the panel's stop and take profit after the 3-second grace period and was cut to 0.10 lot; a buy limit was placed from the entry line; "Close EURUSD" closed both trades and deleted the order.

MT4 Strategy Tester (EURUSD H1, 30 September 2025 to 14 October 2026, 100,000 USD account, random demo entries: the entries mean nothing, the test is about the sizing and the management):

• Default management, maximum loss off: 655 trades, 290 partial closes, 282 moves to break-even, 175 trailing stops, 0 failed trade requests
• Trades from your phone on: 365 manual trades opened at three times the lot without a stop loss; every one got the panel's stop and take profit and was cut to the risk %
• Default settings (10% maximum loss): the random entries took the account down to 92,002, just above 92,000, where the guard steps in (80% of the limit). From then on the panel refused every trade whose stop could have crossed that level
• FTMO 2-Step preset with a deliberately high 2% risk per trade: the lot was cut to fit the room 16 times, then trades were refused at 92,001.94

No lock fired in any run: no stop loss could reach a limit.

Good to know

• The news lock of the MT5 version is not in the MT4 version: MetaTrader 4 has no built-in economic calendar
• The terminal must be running for the panel to manage trades (a VPS is recommended for funded accounts)
• Lot sizes come from the broker's own tick value; commissions are not included in the risk
• With "All trades on the account", attach it to one chart only, or two charts would manage the same trades
• Trades without a stop loss can't be counted in the room; the panel marks the room with "?" while one is open

Inputs

• Trade panel: risk %, risk base, default stop (points, 0 = ATR), take profit in R, shrink or refuse when the room is too small, magic number, comment
• Trade management: which trades, break-even at R and profit to lock, partial close at R and %, trailing start and distance in R
• Manual trades from your phone: cut to the risk %, add the panel's stop loss
• Prop firm: preset, initial balance, highest balance so far (trailing)
• Daily and maximum loss limits (Custom rules), safety buffer, warning level, daily profit target
• Per-trade loss cap, trades without a stop loss, trade limits, Friday close
• Alerts, push notifications, panel position and font size
• Tester demo trades (Strategy Tester only)

Support: if something doesn't work as expected, send me a private message first. I answer every message and fix problems quickly.