AlgoDevMT5 Professional Risk Suite

Professional Risk Management and Trade Monitoring Suite for MetaTrader 5

AlgoDev Risk Manager is a professional MetaTrader 5 utility designed to help traders monitor risk, track performance, and maintain disciplined account management.

This utility focuses on risk visibility, drawdown monitoring, position management, and account protection. It is suitable for discretionary traders, funded-account traders, and traders running Expert Advisors who require additional account-level monitoring.

Important: AlgoDev Risk Manager does not generate trading signals, open trades, place pending orders, or increase market exposure.

Key Features

Professional Risk Dashboard

Monitor critical account statistics directly on the chart:

• Account Balance

• Account Equity

• Floating Profit/Loss

• Daily Profit/Loss

• Daily Drawdown

• Remaining Daily Risk

• Managed Position Count

• Trading Session Status

• Performance Statistics

• Consecutive Loss Tracking

Daily Loss Monitoring

Track daily account performance against configurable risk limits.

Features include:

• Daily Loss Limit tracking

• Daily Drawdown monitoring

• Remaining Daily Risk display

• Configurable daily reset time

• Daily Loss Lock functionality

Equity Protection

Monitor overall account drawdown and equity performance.

Features include:

• Equity drawdown tracking

• Remaining equity risk calculation

• Equity protection dashboard visibility

• Account-level monitoring

Position Size Calculator

Built-in position sizing tools help traders calculate trade volume based on predefined risk parameters.

Features include:

• Risk amount calculation

• Lot size calculation

• Stop loss based sizing

• Risk percentage display

Auto Breakeven Protection

Automatically move stop losses on existing positions to breakeven when predefined profit levels are reached.

Configurable options include:

• Trigger distance in points

• Breakeven offset

• Existing stop-loss handling

• Retry cooldown settings

Auto Breakeven modifies existing positions only and never opens trades.

Trading Statistics

The dashboard provides ongoing performance visibility including:

• Trades Today

• Closed P/L Today

• Daily Result

• Win Rate

• Average Win

• Average Loss

• Profit Factor

• Consecutive Loss Count

• Last Trade Result

Prop Firm Style Monitoring

The software includes configurable monitoring tools commonly used by traders operating under proprietary trading firm style risk objectives.

Features include:

• Maximum Daily Loss monitoring

• Profit Target tracking

• Maximum Drawdown visibility

• Custom risk configurations

• Dashboard-based rule monitoring

Users should always verify current account rules with their broker or funding provider before live use.

Suitable For

• Manual Traders

• Swing Traders

• Day Traders

• Scalpers

• Funded Account Traders

• Portfolio Traders

• Expert Advisor Users

Safety Notice

AlgoDev Risk Manager is an independent software product.

This software is not affiliated with, endorsed by, sponsored by, or certified by any broker, proprietary trading firm, or third-party company.

The software is provided as a monitoring and risk-management utility only.

It cannot:

• Guarantee profits

• Prevent losses

• Guarantee compliance with account rules

• Provide financial advice

Trading financial markets carries substantial risk.

Recommended Usage

1. Install the utility on any chart.

2. Configure risk-management settings.

3. Verify account currency and broker settings.

4. Test on a demo account before live deployment.

5. Confirm all parameters before using on a live or funded account.

Version 2.0 Highlights

• Enhanced Professional Dashboard

• Daily Loss Lock System

• Equity Protection Module

• Position Size Calculator

• Auto Breakeven Functionality

• Advanced Trading Statistics

• Improved Performance Monitoring

• Expanded Risk Visibility Tools

This guide gets you from download to first dashboard view in a few minutes.

What This Utility Does

AlgoDevMT5 Professional Risk Suite is a risk management and position monitoring utility for MetaTrader 5.

It does not open trades. It does not generate trade signals. It is designed to help you monitor existing positions, daily risk, account drawdown, position size, breakeven status, and trading statistics.

1. Install the File

1. Open MetaTrader 5.
2. Click File.
3. Click Open Data Folder.
4. Open MQL5.
5. Open Experts.
6. Create or open the folder AlgoDevMT5.
7. Copy AlgoDevMT5 Professional Risk Suite.ex5 into that folder.
8. Go back to MetaTrader 5.
9. In Navigator, right-click Expert Advisors.
10. Click Refresh.

You should now see AlgoDevMT5 Professional Risk Suite under Expert Advisors.

2. Attach It to a Chart

1. Open a chart, for example EURUSD H1.
2. Drag AlgoDevMT5 Professional Risk Suite onto the chart.
3. Open the Common tab.
4. Allow Algo Trading if you want Auto Breakeven or Equity Protector to manage existing positions.
5. Open the Inputs tab.
6. Review the settings.
7. Click OK.

The dashboard should appear on the chart.

3. Beginner Setup

Use this simple setup for your first demo test:

• EnableRiskManager: true
• ManagedSymbols: SYMBOL_SCOPE_CURRENT
• ManagedMagicNumbers: MAGIC_SCOPE_ALL
• DailyResetTime: 00:00
• EnableDailyLossLimit: true
• EnableDailyLossLock: true
• EnablePositionSizeCalculator: true
• EnableAutoBreakeven: false
• EnableEquityProtector: true
• ShowDashboard: true
• ScreenshotMode: false

Watch the dashboard before using advanced settings.

4. Prop Firm Style Setup

For common prop-firm style monitoring:

• PropFirmMode: PROP_FIRM_STANDARD
• PropFirmInitialCapital: your account size
• PropFirmDailyLossPercent: 5.0
• PropFirmMaxDrawdownPercent: 10.0
• PropFirmProfitTargetPercent: 10.0
• PropFirmOverrideRiskLimits: true
• EnableDailyLossLock: true
• DailyResetTime: match the account reset time

Always confirm the exact rules for your account before trading.

5. Enable Auto Breakeven

Auto Breakeven modifies stop loss on existing managed positions only.

1. Set EnableAutoBreakeven to true.
2. Set BreakevenTriggerPoints.
3. Set BreakevenOffsetPoints.
4. Keep AllowImproveExistingStopLoss enabled if you want the EA to improve an existing stop.
5. Confirm your open positions match the symbol and magic filters.

Example:

• BreakevenTriggerPoints: 100
• BreakevenOffsetPoints: 10

When a managed position reaches the trigger distance, the utility attempts to move stop loss to breakeven plus offset.

6. Use the Position Size Calculator

1. Set EnablePositionSizeCalculator to true.
2. Choose PositionRiskMode.
3. For percent risk, set PositionRiskPercent.
4. For fixed money risk, set PositionFixedRiskAmount.
5. Set PositionStopLossPoints.
6. Read Calculated Lot Size on the dashboard.

The calculator is informational. You still place trades manually.

7. Read the Dashboard

• Green means normal.
• Yellow means warning or attention needed.
• Red means locked, breached, or outside the configured rules.
• Blue means informational.

Key rows:

• Daily Loss: daily risk usage.
• Daily Profit: progress toward daily target.
• Equity Protector: maximum drawdown status.
• Trading Hours: whether current server time is allowed.
• Auto Breakeven: breakeven status.
• Performance: win rate and profit factor.
• Lock Status: whether management actions are locked.

8. Three Example Profiles

Conservative trader:

• PositionRiskPercent: 0.25
• DailyLossPercent: 2.0
• EquityProtectorPercent: 4.0
• EnableAutoBreakeven: false until tested

Prop firm trader:

• PropFirmDailyLossPercent: 5.0
• PropFirmMaxDrawdownPercent: 10.0
• PropFirmProfitTargetPercent: 10.0
• EnableDailyLossLock: true
• PropFirmOverrideRiskLimits: true

Swing trader:

• ManagedSymbols: SYMBOL_SCOPE_LIST
• DailyLossCalculation: DAILY_CLOSED_PLUS_FLOATING
• EnableTradingHoursFilter: optional
• EnableAutoBreakeven: true
• Use wider breakeven triggers based on timeframe

9. Common Problems

If the EA does not show in Navigator, refresh Expert Advisors or restart MetaTrader 5.

If the dashboard does not show, confirm ShowDashboard=true.

If Auto Breakeven does not work, confirm the trade is profitable enough, matches filters, and broker stop-level rules allow the change.

If values look like sample data, set ScreenshotMode=false.