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*This special price is available for the first 30 days only. After that, the price will increase to $99 USD. Get it now!
🔥 Trade Risk Manager MT5
Welcome to Trade Risk Manager MT5 – a simple but complete risk management tool that helps you trade smarter. It is not just an order panel. It helps you plan your trade, manage your risk, and control your positions without any complex calculations.
✅ Whether you are a beginner or an experienced trader, Trade Risk Manager MT5 works for you. It works on any market – forex, gold, indices, crypto, commodities.
🎯 With Trade Risk Manager MT5, you just drag lines on your chart to set your entry, stop loss, and take profit. You tell the EA your risk percentage, and it calculates the lot size for you automatically. It also shows you all the numbers in real time – in pips, points, or your account currency.
📌 Key Features
✅ Position Size Calculator – The EA calculates the right lot size instantly based on your stop loss distance and your risk percentage. You never need to guess.
✅ Easy Trade Planning – You plan your trade directly on the chart using draggable horizontal lines. No typing prices manually.
✅ Real-Time Display – The panel shows your stop loss and take profit in your account currency, pips, or points. Everything updates as you drag the lines.
⚙️ How to Use Trade Risk Manager MT5
1. Attach the EA to your chart and make sure Algo Trading is turned on (blue icon). The panel will appear at the top left corner.
2. Choose your order type by clicking one of the six buttons:
- BUY – instant market buy
- SELL – instant market sell
- BUY STOP – pending buy above current price
- SELL STOP – pending sell below current price
- BUY LIMIT – pending buy below current price
- SELL LIMIT – pending sell above current price
3. Drag the red Stop Loss line to where you want your risk level. The EA will immediately calculate the lot size and show you exactly how much money you will lose if your stop loss hits.
4. Drag the green Take Profit line to your target level. Or use the quick ratio buttons on the panel – 1:1, 1:2, 1:3, 1:5. For example, if your stop loss is 20 pips away and you click 1:3, the take profit will automatically move to 60 pips away.
5. Look at the panel. You will see the entry price, stop loss price, take profit price, distance in points, lot size, risk amount in dollars, and reward amount. All these numbers update as you drag the lines.
6. When you are ready, press the CONFIRM button. Your order will be sent to the broker with your stop loss and take profit included.
7. If you need to exit everything quickly, press the CLOSE ALL button. It closes all open positions and removes all pending orders for that chart instantly.
🛡️ Risk Management
- You set your risk percentage in the EA inputs (for example, 1.0 means one percent of your account balance). The EA makes sure you never lose more than that on any trade, no matter where you put your stop loss.
- The risk calculation works on any symbol. The EA uses your broker's own calculation to get the exact loss per lot.
- The panel shows your risk amount in real time before you open the trade. No surprises.
📊 R:R Ratio (Risk to Reward)
- The quick buttons on the panel let you set your take profit based on your stop loss distance.
- 1:1 means take profit is the same distance as your stop loss.
- 1:2 means take profit is twice the distance of your stop loss.
- 1:3 means take profit is three times the distance.
- 1:5 means take profit is five times the distance.
- This helps you keep a good risk-to-reward ratio on every trade without thinking too much.
🔢 Magic Number – What You Need to Know
- The Magic Number is just a label that the EA uses to mark its own orders. The default number is 999999.
- You do not need to change the Magic Number if you are using only one Trade Risk Manager EA on your MT5. Even if you put the same EA on ten different charts with the same Magic Number, it will still work fine. The EA knows which order belongs to which chart because it also looks at the symbol name.
- You only need to change the Magic Number when you have two different EAs running on the same chart. Then give each EA a different Magic Number so they do not touch each other's orders.
- For most traders, just leave it as 999999 and forget about it.
⚙️ Input Settings (What You Can Adjust)
Before you attach the EA, double click it in the Navigator and go to the Inputs tab. Here is what you can change:
- Risk Per Trade (%) – The percentage of your account balance you want to risk per trade. Default is 1.0.
- Default Risk:Reward Ratio – The initial TP/SL ratio when you first drag the stop loss. Default is 2.0 (which means 1:2).
- Magic Number – Leave it as 999999 unless you have a good reason to change it.
- UI Scale Factor – Change the size of the panel. 0.85 makes it smaller. 1.25 makes it bigger. Default is 1.0.
- Entry Line Color – Change the color of the entry line. Default is Goldenrod.
- Stop Loss Line Color – Change the color of the SL line. Default is Red.
- Take Profit Line Color – Change the color of the TP line. Default is LimeGreen.
- Line Thickness – How thick the lines are. Default is 3.
⚠️ Troubleshooting (Common Problems and Fixes)
- Panel does not appear – Make sure your Algo Trading button is blue. Also go to the Common tab of the EA and tick "Allow Algo Trading".
- Cannot drag the lines – Click on the line first. When you see small circles at the ends, hold your mouse button and drag.
- Error "Invalid stops" – Your stop loss or take profit is too close to the current price. Most brokers have a minimum distance. Move your lines further away.
- Lot size shows 0.00 – Your stop loss distance is too small. Make the stop loss wider, or increase your risk percentage a little.
- Lines are hard to see on a white chart – Go to Inputs and change the line colors to darker ones. For example, DarkGoldenrod, DarkRed, and DarkGreen.
⚠️ IMPORTANT WARNING FOR SMALL ACCOUNTS
Please understand how the lot calculation works:
- The EA calculates lot size based on your Risk % and your Stop Loss distance.
- If you drag your Stop Loss too far / too wide, the calculated lot may become smaller than the broker's minimum allowed lot.
- When that happens, the EA will use the minimum lot instead. This means your actual risk will be HIGHER than your set risk percentage.
- Example: You set Risk = 1% ($10 on a $1000 account). You drag SL very wide (500 pips). The EA calculates lot = 0.001 but broker minimum is 0.01. EA uses 0.01 lot. Your real risk becomes 10x bigger = 10% of your account.
- How to avoid this: Keep your Stop Loss distance reasonable. Do not drag SL too far from entry. The panel will show a warning "OVER" in red if your real risk exceeds your target.
- Always check the panel before confirming. If you see "Risk: XXX USD !! OVER" in red, your stop loss is too wide for your account size.
✅ Safe practice for small accounts:
- Use a tighter Stop Loss (closer to entry).
- Or increase your Risk % slightly to match the minimum lot requirement.
- Or trade on a symbol with smaller minimum lot (e.g., micro lots).
- Always verify the lot size and risk amount shown on the panel before clicking CONFIRM.
💻 Requirements
- MetaTrader 5 (any recent version)
- A broker that allows algorithmic trading (almost all brokers do)
- Algo Trading must be turned on in MT5
🚀 Trade Risk Manager MT5 makes risk management easy and fast. You focus on where to put your stop loss. The EA does the lot calculation for you. No stress. No mistakes.
📦 Get Trade Risk Manager MT5 today and trade with confidence!
