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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
ProRiskManager
ProRiskManager is a trade execution and management panel for MetaTrader 5 tailored for discretionary traders.
GitHub stars1
Forks0
Last update4 months ago9 Jul 2026
LicenceNone stated
Latest releasev10.54 months ago
Overview
ProRiskManager prioritizes precision by calculating position sizes directly through broker functions to match displayed risk with actual potential losses. Users can prepare trades using draggable chart lines for entry and stop loss levels. The tool automates post-entry management with ATR-based trailing stops, break-even adjustments, and partial close buttons. It supports both percent-of-equity and fixed-lot sizing models. Additional features include a scale-in button for adding to positions and a collapsible, high-DPI interface.
- Broker-truth position sizing via OrderCalcProfit
- Draggable visual entry and stop loss lines
- ATR-based trailing stop with activation thresholds
- Automated break-even with configurable tick padding
- Scale-in and partial close functionality
Details
Author
mhosseini1989 on GitHub
Type
Platform
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
algorithmic-tradingexpert-advisorforexmetatrader5mql5risk-managementtrading
Input Parameters
Read from ProRiskManager_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpATRPeriod | int | 14 | ATR Period (trailing) |
InpATRMult | double | 4.0 | ATR Multiplier (trailing distance) |
InpBEPadding | double | 2.0 | Break-Even padding (ticks) |
InpBETriggerRR | double | 1.5 | Auto BE trigger (R multiple) |
InpEnableAutoBE | bool | true | Enable Auto Break-Even |
InpEnableSLTrail | bool | true | Enable ATR Trailing Stop |
InpTrailActivateRR | double | 0.0 | Trail activates after R-multiple profit (0=immediate) |
InpTrailMinStepATR | double | 0.0 | Min SL step as fraction of ATR (0=1 tick) |
InpEnableScaleIn | bool | true | Enable Scale-In button |
InpDefaultTPRR | double | 3.0 | Default TP R:R (for initial SL placement) |
InpMagicNumber | int | 0 | Magic (0 = manage all symbol positions) |
InpRiskAuditLog | bool | true | Log full risk-sizing chain |
Show all 13 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpUIScale | double | 0.0 | UI scale (0 = auto from monitor DPI) |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone mhosseini1989/ProRiskManager 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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