MT5 Trade Execution Engine: Free MT5 Expert Advisor

Overview

MT5 Trade Execution Engine streamlines manual trading by calculating lot sizes based on a fixed dollar amount and a specified stop loss distance. The on-chart interface features buttons for instant market execution, partial position closing, and a toggle for trailing stop logic. By automating the relationship between risk, stop loss, and position size, the EA helps prevent execution errors. It includes basic risk controls and manages trade exits but lacks automated entry signals.

Interactive on-chart trading panel

Fixed dollar risk position sizing

Dynamic lot size calculation

Trailing stop loss functionality

Partial position closure module

Details

Author

kaushalshete 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

src/mt5_trade_executor.mq5

Source

github.com/kaushalshete/mt5-trade-execution-engine

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone kaushalshete/mt5-trade-execution-engine 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.

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.

Similar expert advisors

Position Sizer

by EarnForex

594

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

MT4MT5 Utility

Updated 8 days ago Apache-2.0 GitHub

Trading Panel

by Kashu7100

This MetaTrader 5 tool acts as a discretion helper for manual traders to simplify order execution. It automates trade entries by applying calculated risk percentages and setting predefined stop loss and take profit values in pips. The utility features integrated trailing stop functionality, allowing users to define spe

MT5 Utility

Updated 2 years ago GPL-2.0 GitHub

AR Trading Panel

by Andrukas8

This MetaTrader 5 utility is a comprehensive manual trading panel and risk management suite. It simplifies order execution by calculating lot sizes based on a defined risk percentage of account equity. Users can manage trades via automated break-even points, multi-mode trailing stops including Fractals, Moving Averages

MT5 Utility SMC / ICT / price actionIndicator crossoverMulti-strategy

Updated 1 year ago None stated GitHub

Chart Pattern Helper

by EarnForex

This utility for MetaTrader 4 and 5 automates trade execution based on trader-defined chart patterns. Users draw trendlines, horizontal lines, or channels, which the expert advisor monitors to place pending breakout orders. It handles trade entries, stop losses, and take profits according to specific object naming conv

MT4MT5 Utility Breakout

Updated 1 year ago Apache-2.0 GitHub

MQL Trading Panel

by SSinist3r

This expert advisor functions as a manual trading assistant for MetaTrader 4 and MetaTrader 5, designed to simplify discretionary order management. It 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 calcu