Risk Trade Management Panel

Risk Panel is an on-chart position sizing, order execution and trade management utility for MetaTrader 5.

It is built for discretionary traders who choose their own entries but want to calculate volume, prepare orders and manage positions directly from the chart.

The panel does not provide trading signals and does not choose when to trade.

How it works

Enter the amount you want to risk, in money or as a percentage of your balance or equity. Position the Stop Loss and Take Profit lines on the chart, then review the calculated volume, the actual monetary risk, the reward-to-risk ratio and the required margin — all before anything is sent.

Move the Stop Loss and the volume follows it. The amount you entered stays the amount you risk.

In Pending mode an additional Entry line appears, and the panel selects Buy Limit, Buy Stop, Sell Limit or Sell Stop according to where you place it.

Orders are sent with the Buy and Sell buttons, or with optional keyboard shortcuts.

Main functions

• Risk defined in money or as an account percentage, against balance or equity
• Market and pending orders, with the pending type selected automatically
• Draggable Entry, Stop Loss, Take Profit and partial-profit lines
• Live Buy and Sell volume calculation, with the actual risk after broker volume-step rounding
• Reward-to-risk ratio and required margin shown before sending
• Profit target set in money or as an account percentage
• Break-even, trailing stop, and one to three partial-profit levels
• Independent management settings for each position the panel holds
• Optional two-click order confirmation, and optional keyboard shortcuts
• ATR-based initial Stop Loss and Take Profit placement
• Automatic pip-size detection, with a manual override
• Movable panel with collapsible management sections

Requirements

MetaTrader 5, a hedging account, and Algo Trading enabled.

On a netting account MetaTrader permits one position per symbol. There, partial closes are unavailable and the panel will not open a new trade while a position or pending order already exists on that symbol.

Risk calculation

The panel asks MetaTrader's own  OrderCalcProfit  for the monetary result of a one-lot move from the planned entry to the Stop Loss. That uses the trading conditions your broker supplies, rather than relying on the symbol's reported tick value, which is misstated on some symbols and some brokers.

Calculated volume is rounded down to the broker's permitted volume step, never up, and the panel then shows the actual risk at that rounded volume.

Commission, swap, market gaps and final execution slippage are not included in the displayed risk.

Visual trade planning

The planning lines are moved with a single click and drag.

In Market mode the current Ask or Bid is used as the entry and the Entry line is hidden. In Pending mode the Entry line is shown and the pending-order type follows it.

Projected monetary results are displayed beside the Stop Loss, the partial-profit levels and the final Take Profit.

Profit target

A target can be entered in money or as an account percentage.

While the target is pinned, the Take Profit line is recalculated as the market price, the Stop Loss distance and the calculated volume change.

Dragging the Take Profit line by hand changes it to a fixed target, and the panel then shows the current projected value of that fixed price.

Trade management

Break-even, trailing stop and partial profits are enabled independently and can run together.

Break-even and the trailing stop each read their trigger as either an R multiple or a pip distance, and each has its own unit setting.

Break-even moves the Stop Loss past the entry by the offset you configure, once its trigger is reached.

The trailing stop starts after its own trigger and moves only when the new Stop Loss improves on the current one by at least the step you set. A stop is never loosened.

Partial profits

Use one, two or three draggable partial-profit lines. Each closes its configured percentage of the volume still open when that level is reached.

For example, two 50 percent partials on a 1.00 lot position close 0.50 lots at the first level and 0.25 lots at the second, leaving 0.25 lots for the final Take Profit.

Per-position management

The trade selector cycles between NEW — the template for the next trade — and the panel's open positions on the chart symbol.

Each position keeps its own break-even, trailing stop, partial and trigger settings, and its own partial-profit lines. Editing the controls while NEW is selected changes the template for the next position; editing while an open position is selected changes only that position.

A position's management settings stay with it across a chart reload, a timeframe change and a normal terminal restart, for as long as the position is open.

Execution protection

An order is blocked when the Stop Loss or Take Profit is on the wrong side, when the Stop Loss distance is zero, when the risk entered cannot reach the broker's minimum volume, when free margin is insufficient, when a level violates the broker's minimum stop distance, or when required symbol information is unavailable.

The reason is displayed on the panel every time, in plain words.

Instrument support

The panel is built for the range of asset classes brokers offer, including forex, indices, metals and cryptocurrencies. Initial line placement can use the chart's ATR so the starting distances scale with the instrument's own movement.

Symbol specifications differ between brokers. Test on a demo account before using the panel in a new trading environment.

Important information

Risk Panel places and manages real orders when Algo Trading is enabled. Test market orders, pending orders, both directions and every management function you intend to use on a demo account first.

The panel manages positions on the current chart symbol that carry its configured magic number. Give each chart running the panel its own unique magic number.

This product does not provide trading signals, does not forecast market direction, and does not guarantee trading results.