TrueRisk Trade Panel MT5

Free. Set your risk, click Buy or Sell, done.

TrueRisk Trade Panel works out the lot size for you. Type how much of your account you want to risk (for example 1%), set the stop loss in points or drag it on the chart, and the BUY and SELL buttons already show the right lot. No lot calculator, no guessing, no trade that risks ten times more than you meant.

MT4 version (free) | TrueRisk Trade Manager (auto break-even, partial close, trailing, account guard) | Free 14-day trials of the paid tools | TrueRisk Account Guard (daily loss lock)

• Lot size from your risk: % of balance, % of equity, or a fixed amount of money (for example $50)
• Stop loss in points, or automatic (1.5 x ATR)
• Take profit as a multiple of your risk (2 = twice what you risk)
• Drag stop-loss and take-profit lines on the chart: the lot updates as you drag
• Pending orders from an entry line (limit or stop is picked for you)
• Close half, close this symbol, close everything, move stops to break-even
• Works on any account, any broker, forex, gold, indices, crypto CFDs
• Free, no time limit, no registration

How to use it

• Attach TrueRisk Trade Panel to a chart and allow algo trading
• Type your risk in the Risk box (for example 1 for 1%, or 50 for $50 when the risk is set to a fixed amount)
• Leave Stop on "auto" or type it in points; or click Lines and drag the red stop-loss line where you want it
• The panel shows the lot, the money at risk and the target before you click
• Click BUY or SELL. Every trade gets its stop loss and take profit at once
• Pending: click Pending, drag the yellow entry line, then BUY or SELL. Above the price a buy becomes a buy stop, below it a buy limit (and the other way round for sells)

The panel

• Risk %, Stop (points) and TP (R) boxes: type and press Enter
• Line under the boxes: lot, money at risk and money at the target, or why a trade can't be placed (stop too close, not enough margin, risk too small for the minimum lot)
• SELL and BUY buttons with the lot already on them
• Lines and Pending switches, Close 50% (closes half of every trade on this symbol, click twice to confirm)
• Close [symbol], Close all (click twice to confirm), Break-even (moves the stop to the entry on this symbol's trades that are far enough in profit)
• Open trades on this symbol with their profit, and today's closed profit

Settings

• Risk per trade: % of balance, % of equity, or a fixed amount of money
• Default stop loss in points (0 = 1.5 x ATR(14))
• Take profit as a multiple of the risk (0 = none)
• Magic number and comment of panel trades
• Panel position and font size
• The panel keeps your values when you change the timeframe

Want the trades managed for you?

TrueRisk Trade Panel places trades. The paid TrueRisk Trade Manager also manages them: partial close at 1R, break-even and trailing stop run by themselves, manual trades from your phone get a stop loss and the right size, and a daily and maximum loss lock protects the whole account. It works on any account, your own money or a prop-firm challenge, and has a free 14-day demo trial.

In the Strategy Tester

A trade panel needs your clicks, so in the Strategy Tester the panel opens demo trades by itself (one at a time, random direction, with the panel's risk, stop and take profit) to show how it sizes and places them. Live, it never trades on its own.

Like the panel?

A short review on this page helps other traders find it, and tells me what to build next.

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