Brokers DB Position Sizer: Free MT5 Expert Advisor

Overview

Brokers DB Position Sizer allows traders to visually manage risk on the chart by dragging entry, stop loss, and take profit lines. The tool automatically calculates the appropriate lot size based on account equity and user-defined risk parameters. It supports multiple order types including stop-limit orders and features automated ATR-based level adjustment. Additionally, it provides advanced management functions such as trailing stops, break-even settings, and multi-level take-profit splitting to manage trade exits.

Visual on-chart risk management

Automated lot size calculation

Multi-level take profit splitting

ATR-based volatility sizing

Details

Author

Brokers-DB on GitHub

Type

Utility

Platform

MetaTrader 5 (MQL5)

Markets

Any symbol

Timeframes

Any timeframe

Risk profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

EA files

BrokersDB_PositionSizer/BrokersDB_PositionSizer.mq5

Source

github.com/Brokers-DB/MT5-Tools

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Brokers-DB/MT5-Tools from GitHub, and unzip it.

2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.

3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.

4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.

5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.

Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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