Risk Sentinel

Risk Sentinel is a risk-first position-planning tool for MT5, built for prop-firm evaluation and funded traders. Drag or type your Stop and Target and instantly see the exact lot size that keeps you inside your risk-per-trade limit, plus risk, reward, R:R, and required margin — with live spread modeling and one-click snap to your open position. Planning utility only; it does not place trades or enforce firm rules.

1. Full Feature List

On-chart position tool (TradingView-style)

• Draggable Entry, Stop Loss, and Take Profit lines — or type exact prices into the dashboard when you need precision instead of the drag.

• Filled risk zone (red) and reward zone (green) that read like a TradingView long/short tool.

• Long / Short toggle that mirrors SL and TP to the correct side of entry.

• Smooth single-click-and-drag on any line (no double-click, no re-selecting), with an 8-pixel grab tolerance.

• On-chart labels on each line: price plus risk/reward in account currency, and live R:R at the entry.

• Reset button re-centers the tool on the current price with a clean default stop and target when a plan gets messy.

• Zones hug the right edge of the chart and follow new bars.

Automatic lot-size engine

• Four sizing modes: % of Initial Balance (user-defined starting balance), % of Current Balance, % of Equity (auto-refreshes on a timer), and Manual lot (fixed volume; drives the risk/reward figures instead).

• Position size is derived from the Entry-to-SL distance and your chosen risk percentage.

• Lot is rounded down to the broker's volume step and clamped to min/max, so risk is never overshot.

• Per-point value is computed from contract size × currency conversion — the same basis MT5 uses — so figures stay correct across account currencies and instrument types.

Risk : Reward control

• Dynamic RR — RR is read live from your dragged or typed SL and TP.

• Static RR — you enter a target RR and TP is placed automatically from the stop.

• RR shown at the entry level and in the dashboard.

Stop Loss modes

• Manual — drag the line or type the exact SL price.

• ATR-based — enter an ATR period in bars (e.g. 14) and a multiplier; the tool reads the live ATR from the chart's timeframe and places the stop at ATR × multiplier, refreshing each new bar.

Take Profit modes

• RR-based — TP follows your RR target and re-adjusts automatically when the stop moves.

• Manual — drag the line or type the exact TP price.

Broker spread modeling

• One-tap toggle to fold the live broker spread into the calculation.

• Adds spread to the stop distance and subtracts it from the target — the true cost of entry.

• Shows net RR and the current spread in points.

• Draws a second, labeled effective SL / TP line. Each level's raw and spread-adjusted figures (price + money) sit on opposite sides of the line, so they never overlap — even when the spread is a single point.

Snap to Position

• One click pulls your open price, SL, TP, direction, and volume from the live position onto the tool, so the dashboard matches the broker's order window exactly — no manual dragging.

Floating dashboard

• Draggable and minimizable panel.

• Editable Entry / SL / TP price boxes for exact levels; read-only fields grey out when the mode computes them for you (ATR stop, RR target).

• Dark / Light theme toggle.

• Lock toggle — makes the on-chart lines inert so clicks pass through to your broker's execution lines when the plan overlaps a live trade.

• Hide Box toggle — hides the on-chart lines/zones for a clean chart while keeping the dashboard live.

• Reset button — re-center the tool to a clean default plan.

• Highlighted lot size for at-a-glance reading (theme-aware).

• Live trade-plan summary: Lot Size, Risk (money), Reward (money), RR, Required Margin, and Margin as % of equity.

• Every setting is adjustable both from the panel and from the indicator inputs.

Compatibility • Works on any symbol — forex, metals, indices, and other CFDs. • Correct for any account deposit currency and any account leverage. • Works on netting and hedging accounts.

2. What It Does NOT Do

• It does not open, modify, or close trades. It is a planning and visualization indicator, not an Expert Advisor or auto-trader.

• It does not generate buy/sell signals or entry/exit advice.

• It does not manage open positions (no trailing stop, no break-even automation, no partial close).

• Margin for CFDs/indices is a close estimate (marked with a ~) because brokers use custom margin rates; forex and metals margin are exact.

• For instruments not quoted in your account currency, the relevant conversion pair must be present in Market Watch (e.g., EURUSD for a EUR-quoted index).

• The ATR-based stop reads the current chart timeframe's ATR — ATR(14) on M5 is a different distance than ATR(14) on H1.

• Spread figures use the live spread at the moment of calculation, which naturally fluctuates

Full description

If you trade a prop-firm account — in evaluation or funded — one number decides whether you keep the account: how much you risk per trade. Get it wrong a few times and a daily-loss or max-drawdown breach ends the account, no matter how good your reads are.

Risk Sentinel makes that number impossible to get wrong. Drop a long or short tool on your chart, drag — or type — the Stop and Target to your setup, and it instantly shows the exact lot size that risks precisely the percentage you allow yourself — 1%, 2%, whatever your firm and your plan permit. At the same moment you see your risk and reward in real money, your live R:R, and the margin the trade needs. No mental math, no calculator, no “I'll just eyeball the lots” — the discipline is built into the workflow.

Size the way funded traders have to. Risk a fixed percentage of your starting balance (ideal for static-drawdown evaluations), your current balance, or your live equity. The lot is always rounded down to your broker's step, so you never accidentally risk more than your limit — the one direction that matters when a challenge is on the line.

Know your real risk, not the ideal-fill version. Turn on spread mode and the tool folds the live broker spread into your stop and target, shows your true net R:R, and draws a second labeled line on the chart marking exactly where your risk and reward really land after spread. On gold and indices, where prop breaches often happen, that difference is the difference between a clean trade and a surprise.

Trust the numbers on any instrument. Per-point value is calculated the same way MT5 does — from contract size and live currency conversion — so it's accurate on forex, metals, and indices, in any account currency, at any leverage. Verify it yourself against your broker's order window; with spread off it matches to the cent.

Build the habit, keep it clean. Snap the tool to your live position to mirror your order window exactly. Lock the lines so they never interfere with your broker's execution levels, hide the whole box for a clean chart once you're in, or reset to a fresh plan in one click. The dashboard drags anywhere, minimizes, and comes in dark or light themes — a calm, repeatable pre-trade routine you run the same way every single time.

Key benefits

• Never breach on a sizing mistake — the exact lot for your risk cap is computed for you, live, on every drag or edit.

• Made for prop rules — fixed-% sizing off initial balance, current balance, or equity fits static and trailing-drawdown evaluations alike.

• Drag for speed, type for precision — set levels by eye or to the exact price; the lot size updates either way.

• Risk-first by design — you set the risk; the tool finds the size, not the other way around.

• Discipline as a routine — the same drag-read-confirm sequence before every entry builds the consistency evaluations reward.

• Honest R:R — spread modeling shows what you'll really get, so your reward targets stay realistic.

• Verifiable, not hype — matches your broker's order window to the cent; no black box, no claims.

• Stays out of the way — lock and hide keep it from cluttering a live trade.

Ideal for

• Prop-firm traders in evaluation — who must hit a target without breaching daily-loss or max-drawdown limits.

• Funded traders — protecting the account and the payout with consistent per-trade risk.

• Discipline-builders — anyone moving from discretionary lot sizes to a repeatable, risk-first routine. • Discretionary and technical MT5 traders who size by fixed-percentage risk on forex, metals, or indices.