Mentoria Individual

Mentoria Individual is a free manual trade execution and risk management tool for MetaTrader 5, developed by Gean Patrick.

It combines lot size calculation, order preparation, visual Stop Loss and Take Profit adjustment, and position management in an interactive panel directly on the chart.

The tool is designed for traders who want to maintain full control over their trading decisions. It does not provide trading signals or execute automated trading strategies. All orders require manual confirmation by the user.

Lot Size Calculation and Risk Management

Set your planned risk as a fixed amount in your account currency or as a percentage of your account balance or equity.

The tool calculates the appropriate trade volume based on the entry price, Stop Loss distance, instrument specifications, and the volume increments permitted by your broker.

You can also configure estimated opening and closing commissions to include them in position sizing calculations.

Before placing an order, the panel displays the calculated lot size, estimated risk, and potential profit at the selected target.

Order Execution

Prepare market Buy and Sell orders or pending orders based on your selected price and the order types supported by your broker.

The tool displays three interactive price levels directly on the chart: Entry, Stop Loss, and Take Profit. These levels can be adjusted visually, with calculations updating according to your trade configuration.

Quick target presets of 2x, 3x, and 6x are available, along with the option to adjust your Take Profit directly on the chart.

Position Management

The panel provides features for monitoring and managing open positions, navigating between available positions, and viewing the profit or loss of the selected position.

The 0x0 control allows you to request moving the Stop Loss to the entry price when permitted by your broker's trading conditions.

The interface also includes position-closing controls and order verification checks designed to reduce the risk of accidental duplicate orders.

Interface and Preferences

The tool features an interface available in English and Brazilian Portuguese. You can switch languages through the integrated preferences menu, accessed by clicking the panel title three times in quick succession.

The main window can be minimized, temporarily hiding graphical projections without discarding your prepared trade.

Additional settings include initial risk, estimated commission, maximum execution deviation, optional spread limit, maximum quote age, pending order parameters, sounds, and visual customization options.

How to Use

Add the tool to a MetaTrader 5 chart and enable the algorithmic trading permission required for manual order execution through the panel.

Configure your desired risk, select Buy or Sell, adjust the graphical price levels, review the calculated lot size and estimated values, and confirm your trade.

It is recommended to test the tool on a demo account before using it on a live trading account. Actual results may differ from the displayed estimates due to slippage, spread fluctuations, commissions, price gaps, and your broker's execution conditions.

Developer: Gean Patrick Platform: MetaTrader 5 Category: Trading Utility Distribution: Free