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This MetaTrader expert advisor functions as a trade manager that automates stop loss adjustments for existing positions. It specifically waits until a trade reaches a user-defined profit threshold in points before initiating a trailing stop. The tool includes flexible filtering options to manage specific symbols, magic
Trade manager · MT5
Position Sizer RR
Position Sizer RR is an MT5 tool for manual trade entry and automated exit management.
GitHub stars1
Forks0
Last update3 days ago16 Oct 2026
LicenceApache-2.0
Overview
Position Sizer RR calculates position size based on risk percentage and supports multiple take profit targets with automatic break-even activation and partial closes. Batch opening of correlated orders is possible with adjustable millisecond intervals. Users drag TP levels directly on the chart for easy adjustment. Risk controls include daily loss protection and equity drawdown guards. Based on EarnForex Position Sizer, it manages multiple holdings and groups without its own entry signals.
- multi-target TP
- batch opening
- chart drag TP
- BE partial close
- daily loss protection
Details
Author
hujiayulinli-collab on GitHub
Type
Trade manager
Platform
MetaTrader 5 (MQL5)
Markets
Forex
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
Input Parameters
Read from Position Sizer RR.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
____ | string | INPUT_DESCRIPTION_____ |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone hujiayulinli-collab/PositionSizer_RR 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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