SmartRisk Trade Manager

🚀 SmartRisk Trade Manager is a visual trade execution panel for MetaTrader 5. Built for discretionary and prop firm traders, it removes lot-size calculation errors, speeds up order entry, and shows you exactly what you risk and what you can win before you click Buy or Sell. Drag one Stop-Loss line on the chart — the panel does the rest: lot size, Take-Profit, commission and order type are calculated for you, live, as you move the line.

🛡️ Why Traders Choose SmartRisk Trade Manager:

• No More Calculators or Wrong Lot Sizes: Set your risk % once, drag the Stop-Loss line, and the exact lot size appears instantly — rounded down to your broker's volume step, so the risk is never exceeded.
• Commission Included — Your Risk Is Your Real Risk: Round-trip commission is built into the lot size, so a $50 risk setup loses about $50 at the Stop-Loss, commission included — not $50 plus fees. No commission data? The panel learns it automatically from your closed trades.
• Discipline Built In: Choose your Target Ratio (R) and the Take-Profit is placed for you. A live preview line shows the target before you enter, so every trade follows your plan.
• Protect Winners at a Glance: The Breakeven button stays grey until your trade is ready to be protected, then turns green with "BREAKEVEN". One click moves the Stop-Loss into profit — a check mark confirms it is done.
• No Order-Type Confusion: Add a pending line and the panel decides for you — Buy Limit, Buy Stop, Sell Limit or Sell Stop — based on where your entry and Stop-Loss sit relative to the market.
• Broker Rules Handled for You: Minimum stop distances, freeze levels, tick-size rounding, volume limits and order filling modes are checked before the order is sent, with a clear message telling you what to change.

⚡ Key Features:

• One-Line Risk Sizing: Lot size from your balance and risk % (0.01–3%), updated live while you drag the Stop-Loss line.
• Automatic Take-Profit (0.5R–5R): TP = Stop-Loss distance × your Target Ratio, shown as a dashed preview line before entry.
• Exact Execution: The Stop-Loss lands exactly on your line; after a slipped fill (market or pending), the TP is re-aligned to your R multiple from the real fill price.
• Commission-Aware Engine: Use your broker's commission per lot, or let the panel learn it from your trade history. The estimate (≈) before entry, the real charge after — and "n/a" instead of a misleading 0.00 when the commission cannot be determined yet.
• Market & Pending Orders in One Click: The Buy/Sell buttons show the order type and its exact price.
• One-Click Breakeven: The button is inactive (grey) until the profit reaches 10% of the risk, then turns green with "BREAKEVEN". One click moves the Stop-Loss to entry + 5% of the risk. Once set, the button shows a bold check mark and the trade card shows the SL in green with "BE". Both percentages are inputs.
• Complete Trade Overview: Live P/L in account currency, money at SL and TP, commissions, real slippage (kept even after a restart), volume and SL/TP distance for each trade.
• Multi-Trade Management: Step through open trades with < > or click a trade's line on the chart; close any part of the selected trade with Close Trade % (5–95% in steps of 5, default 90%), or Close All for the symbol.
• Clear Line Buttons: "Add Stop-Loss" / "Add Pending Order" in red / blue; once a line is on the chart the button switches to "Remove …" with a line mark on each side, so you always see which lines are active.
• Tagged Orders: Every order opened or closed by the panel carries the comment "EasyRiskTradeManager" (changeable in the inputs), so its trades are easy to find in your history.
• Works on Any Symbol: Forex and metals in pips; crypto, indices and stocks in price distance — with commission and currency conversion handled automatically.
• Clean, Compact Dark Panel: Collapsible, movable anywhere on the chart, remembers its position, and always stays in front of your drawings. While no trade is being prepared, the card shows a calm candles animation (can be switched off).

🎯 Perfect For:

• Prop Firm Traders: Keep every trade inside your daily loss limits — commission included.
• Scalpers & Day Traders: Set up market and pending orders in seconds, without mental math.
• Swing Traders: Manage several positions per symbol from one panel, with partial closes and one-click breakeven.

🧪 Try It Free — Full-Feature Demo

The free demo has every feature of the paid version. As with all MQL5 Market products, it runs in the MetaTrader 5 Strategy Tester (on historical prices) and not on a live chart.

How to start the demo:

 -  Click "Free Demo" on this page, or in MetaTrader 5 open the Market tab, find EasyRisk Trade Manager and click Free Demo.

 -  In the Strategy Tester (Ctrl + R), select the EA, choose a symbol (e.g. EURUSD or XAUUSD) and a timeframe (M1–M15 works best).

 -  Tick Visual mode (visualization) — without it no chart opens and the panel cannot be shown.

 -  Press Start and set a slow speed with the speed slider.

What to try:

 -  Click Add Stop-Loss and drag the red line with the mouse — watch the lot size, money at risk and the Take-Profit preview update.

 -  Change Risk % and Target R with – / + (or type a value), then click BUY or SELL.

 -  Add a Pending Order line to see the order type switch between Limit and Stop.

 -  With a trade open: try Breakeven, Close Trade %, Close all trades and the < > trade selector.

Demo tips:

 -  Clicks are processed on the next price tick. If you click while the test is paused, the action runs as soon as the test continues — click each button once while paused.

 -  In the tester, Move switches the panel between the left and right side of the chart.

 -  On a live chart (after purchase) the panel reacts instantly, lines are dragged freely and the panel can be placed anywhere.

Like what you see? Buy SmartRisk Trade Manager and use it on your live and demo accounts — with the same features you tested.

1. Installation & Setup

a)        After purchase (or free demo download) on the MQL5 Market, the EA is installed automatically. Find it in the Navigator window under Expert Advisors → Market (refresh with Ctrl + N if needed).

b)        Drag SmartRisk Trade Manager onto any chart.

c)        In the Common tab of the EA setup window, ensure Allow Algo Trading is checked.

d)        Make sure the global Algo Trading button in the MT5 top toolbar is enabled (green).

The panel is made for hedging accounts (several trades per symbol).

Input Parameters (Inputs tab):

• Order label (default "SmartRisk Trade Manager" ): Comment written on every order the panel opens or closes.
• Default risk [%] (default 0.5 ): Risk percentage the panel starts with.
• Default Target R (default 1.0 ): Target Ratio the panel starts with.
• Include commission in risk (default true ): The lot size is reduced so that risk + commission stays within your risk amount.
• Commission per lot, round trip (default 0 = automatic): Your broker's commission per lot; at 0 the panel learns it from your closed trades on the symbol.
• Breakeven: active from profit [% of risk] (default 10 ): Profit needed before the Breakeven button can be clicked.
• Breakeven: locked profit [% of risk] (default 5 ): Profit locked in when the Stop-Loss is moved to breakeven (must be lower than the activation %).
• Animation in the empty NEW TRADE card (default true ): Shows a calm candles animation in the card while no trade is being prepared or selected.
• Panel, Buy button, Sell button, SL and TP colors: Customize the look of the panel and lines.

2. Interface Overview

The panel is structured into distinct functional blocks:

• Header Bar: Displays the tool name, a Move button (to re-anchor the panel on the chart), and a Collapse ( – / + ) button.
• Selection Strip: Shown when trades are open on the symbol. Displays whether you are preparing a new trade or inspecting an OPEN TRADE (showing direction, trade index and ticket number), with < > buttons to switch trades.
• Settings Block:
• Target Ratio [R]: Desired risk-to-reward ratio, 0.5–5 (adjustable via – / + or direct typing).
• Risk percentage [%]: Percentage of account balance allocated to the trade, 0.01–3%.
• Risk amount: Live calculation in account currency.
• Trade Info Grid: Displays volume (lots), recorded entry slippage, SL distance, and TP distance (pips for forex and metals, price distance for other symbols).
• Action Buttons:
• Add Stop-Loss / Remove Stop-Loss (red when the line is off; muted red with line marks when the line is on the chart)
• Add Pending Order / Remove Pending Order (blue when the line is off; muted blue with dashed marks when the line is on the chart)
• BUY / SELL Execution Buttons (show the order type and its price)
• Close Trade % (with – / + steppers, 5–95% in steps of 5)
• Close all trades
• Breakeven (grey while it cannot be used; green with "BREAKEVEN" when it can be clicked; green with a check mark once breakeven is set)
• NEW / OPEN TRADE Card: Live summary showing entry price, lot size, money at SL and TP, Commissions (open + close; ≈ = estimate, n/a = not known yet) and, for open trades, the current net P/L. While no trade is being prepared or selected, the card shows a calm candles animation.

3. Trading WorkflowsPreparing & Placing a Market Order

                  I.      Click Add Stop-Loss. A red horizontal Stop-Loss line will appear on your chart and the button changes to Remove Stop-Loss.

                II.      Drag the Stop-Loss line to your desired technical level.

§ As you drag, the EA dynamically calculates the position volume (lots) and projects the Take-Profit preview line based on your Target Ratio R.

              III.      Verify the details inside the NEW TRADE card (lot size, money at SL, commissions, and projected profit at TP).

              IV.      Click the enabled BUY or SELL button to execute the trade immediately at market price.

Preparing & Placing a Pending Order

a)       Click Add Pending Order. A blue horizontal line will appear on the chart.

b)      Position the Pending Order line at your desired entry price. EasyRisk automatically determines the order type:

                                     I.              Buy Limit / Sell Limit: Entry placed at a better price relative to market.

                                   II.              Buy Stop / Sell Stop: Entry placed at a breakout price relative to market.

c)     Position the Stop-Loss line. The direction of the SL relative to the pending line determines whether it is a Buy or Sell setup.

d)     Click the active BUY LIMIT / BUY STOP or SELL LIMIT / SELL STOP button to place the order with your broker.

4. Managing Active PositionsPosition Navigation & Chart Selection

When open trades exist on the active symbol:

• Use the < and > arrows on the selection strip to switch between open positions.
• Alternatively, click directly near any open trade line on the chart (Entry, SL, or TP) to select that position.
• The card switches to OPEN TRADE mode, displaying live profit/loss, lot volume, slippage at fill, and actual money at SL and TP.

Breakeven

1. Select an open trade. The Breakeven button stays grey until the profit reaches 10% of the risk (by default); clicking it earlier shows in the status line when it becomes available.
2. When the button turns green with "BREAKEVEN", click it: the Stop-Loss moves to entry + 5% of the risk (by default) and a status line confirms the new SL and the locked profit. Commission is not counted.
3. Once breakeven is set, the button shows a bold check mark, and the SL in the OPEN TRADE card turns green with "BE".

Partial Closure & Close All

• Partial Close: Select an open trade, set the percentage using the – / + steppers next to Close Trade % (5–95% in steps of 5, default 90%), and click Close Trade %. The volume is rounded down to the broker's lot step and never leaves less than the minimum lot open.
• Close All: Click Close all trades to immediately flatten all open positions for the current symbol.

If you have questions, noticed errors, have improvement ideas or require additional information, feel free to contact me at gerhardrobert@yahoo.com.