Order Management Script MT5

Order Management Script is a risk-management trading utility for MetaTrader that automates position sizing and order placement based on your predefined risk parameters.

The script calculates the appropriate lot size based on either a fixed monetary risk or a percentage of account equity, then automatically determines the Stop Loss and Take Profit according to your selected trading setup.

Key Features

  • Automatic Lot Size Calculation

    • Risk a fixed amount of money per trade.

    • Alternatively, calculate position size based on account risk percentage.

  • Multiple Entry Methods

    • Closed candle price

    • 23.6% pullback

    • 38.2% pullback

    • 50% pullback

    • Moving Average

    • Instant market execution

  • Flexible Stop Loss Options

    • Aggressive Stop Loss

    • Normal Stop Loss based on recent highs/lows

    • Automatic fixed Stop Loss

    • Manual fixed Stop Loss

    • Minimum and maximum Stop Loss controls

  • Multiple Take Profit Methods

    • Risk-to-Reward ratio from 1:1 to 1:5

    • EMA 50

    • EMA 200

    • EMA 800

    • Fixed pip targets

  • Spread Protection

    • Prevents order placement when the current spread exceeds the maximum allowed spread.

  • Pending Order Expiration

    • Allows you to specify an expiration time for pending orders.

  • Long and Short Trading

    • Supports both Buy and Sell setups.

  • Risk-to-Reward Validation

    • Prevents trades when the potential reward is lower than the defined risk.

How It Works

  1. Select your Buy or Sell direction.

  2. Choose your preferred entry method.

  3. Select the risk type and define your maximum risk.

  4. Select the desired Stop Loss method.

  5. Select the Take Profit method or Risk-to-Reward ratio.

  6. Set your spread and Stop Loss limits.

  7. Run the script on the desired MT5 chart.

  8. The script calculates the appropriate lot size and automatically submits the order.

Designed for traders who want consistent position sizing and disciplined risk management without manually calculating lot size for every trade.

Risk Warning: This tool is a trade-management utility and does not guarantee profitable results. Trading financial markets involves substantial risk. Always verify the calculated entry, Stop Loss, Take Profit, lot size, and broker requirements before allowing an order to be placed.

https://www.mql5.com/en/market/product/59580  - Horizontal Line Alert MT4

https://www.mql5.com/en/market/product/59560 - Moving Average Alert MT4

https://www.mql5.com/en/market/product/128267 - Moving Average Alert Plus MT4

https://www.mql5.com/en/market/product/69223 - Trading Manager EA MT4

https://www.mql5.com/en/market/product/69222  - Hedging Strategy EA MT4

https://www.mql5.com/en/market/product/77073  - Fibonacci Entries

https://www.mql5.com/en/market/product/77072  - ADR Pips Meter

Strategies:
ForexGearPro – Forex Trading Strategy



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