Trade Manager MT5 Position Size Calculator

Trade Manager MT5 Position Size Calculator

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The Risk Control Panel provides precise trade risk management directly from the chart. Set your risk in account currency, and the tool automatically calculates the appropriate lot size based on Stop Loss distance, ensuring consistent position size calculator functionality without manual calculations.

The interactive panel allows placement and adjustment of Stop Loss, Take Profit levels (TP1 and TP2, optional), Break Even, and Trailing directly on the chart.

Key Features

• Dynamic Risk Management – Define risk in account currency; lot size is calculated automatically with integrated position size calculator logic.
• Flexible Take Profit – Use one or two Take Profit levels with adjustable partial exit percentages.
• Break Even & Trailing – Automate protection of open profits.
• Interactive Chart Panel – Advanced trading panel to adjust SL, TP1, TP2, BE, and TR directly from the chart.
• Active Trade Tracking – Monitor and manage multiple trades with clear P&L visibility using this trade manager.
• Keyboard Shortcuts & Execution – Execute and update trades via hotkeys or panel buttons.

Ideal for day traders and scalpers, this trade manager improves execution precision, reduces manual errors, and provides real-time trade control with built-in position size calculator tools.

How to Use

Panel Overview

• Risk Settings
• Line Controls
• Active Trades
• Execution

Risk Settings

Risk (Account Currency)
Defines the amount to risk per trade.

Calculated Lots
Automatically calculated based on Stop Loss distance and risk using lot size calculator logic.

Lot Calculation Logic:

• Risk ÷ (Stop Loss distance × tick value)
• Adjusted to broker constraints:
• Rounded down to nearest valid lot step
• Not below minimum lot
• Not above maximum lot

Direction
Indicates Long or Short based on Stop Loss position relative to price.

Trade Lines

SL (Stop Loss)
Required for risk calculation.

TP1 (Optional)
First profit target.

TP2 (Optional)
Second profit target for partial closing.

TP2 Percentage (Partial Close Logic):

• Defines remaining position after TP1
• Example:
• TP2 % = 50
• At TP1 → 50% closed
• Remaining 50% runs to TP2

Rounding Behavior:

• Based on original lot size
• Rounded down to valid lot step
• Ensures minimum lot remains open
• If not possible (very small lot), TP1 may be skipped

BE (Break Even)
Moves Stop Loss to entry when triggered.

TR (Trailing Stop)
Activates after trigger level and adjusts Stop Loss continuously.

Opening a Trade

• Set Stop Loss
• Set TP1 and/or TP2
• Optionally enable BE and TR
• Define risk
• Click EXECUTE

Trade Management

• Drag lines to adjust SL/TP in real time
• Navigate trades using arrows
• Click Update to modify a trade

Partial Close at TP1 (if TP2 is active):

• Closes portion based on TP2 %
• Remaining position continues to TP2
• All volumes respect broker constraints

Break Even & Trailing

Break Even (BE)
Moves Stop Loss to entry after trigger.

Trailing (TR)
Activates after trigger and adjusts Stop Loss to lock profits.

Keyboard Shortcuts

• S → Toggle Stop Loss
• 1 → Toggle TP1
• 2 → Toggle TP2
• B → Toggle Break Even
• T → Toggle Trailing
• Space → Execute Trade

Shortcuts are fully customizable in input settings.

Important Notes

• Always set a Stop Loss before executing a trade
• Ensure risk matches account size and strategy
• Test on a demo account before live use