This risk management tool for MetaTrader 4 and 5 calculates optimal lot sizes based on user-defined risk parameters, account balance, and currency. It provides a graphical user interface for setting entry, stop loss, and take profit levels visually on the chart. The expert advisor accounts for commissions, swaps, and m
Utility · MT5
MQL Trading Panel
This expert advisor functions as a manual trading assistant for MetaTrader 4 and MetaTrader 5, designed to simplify discretionary order management.
GitHub stars28
Forks10
Last update5 years ago10 Jun 2021
LicenceGPL-2.0
Latest releasebeta15 years ago
Overview
MQL Trading Panel provides a graphical interface on the chart, allowing users to execute trades with pre-defined risk parameters. The tool includes options for percentage-based risk calculation, fixed stop loss, and take profit targets in pips. Additionally, it features an automated trailing stop management system with configurable start levels and trailing widths. The repository documentation is primarily focused on installation procedures for both platforms.
- On-chart graphical trading interface
- Percentage-based risk calculation
- Automated trailing stop management
- Configurable stop loss and take profit targets
Details
Author
SSinist3r 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
Topics
tradingmql5mt5mql4mt4mqlmt5-eamt4-ea
Input parameters
Read from Trading Panel.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
OrderSettings | string | — | Order Settings |
risk | double | 100 | Risk [%] |
SL | double | 15 | Stop Loss (SL) [pips] |
TP | double | 30 | Take Profit (TP) [pips] |
TrailingSettings | string | — | Trailing Settings |
startSL | double | 15 | Start Trailing Level (STL) [pips] |
widthSL | double | 15 | Trailing Width (TW) [pips] |
position_handling | ENUM_POSITION_HANDLING | LONG_SHORT | Position Handling |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone SSinist3r/MQL_Trading_Panel 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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