Chart-Based Trade Management and Risk Sizing for MetaTrader 5

Summary

This description covers a MetaTrader 5 expert advisor for managing trades from a chart. Traders can drag entry, stop-loss, and take-profit lines, with changes updating the setup. It supports market orders and pending orders, and offers fixed-point or ATR-multiplier stop-loss calculations. Execution and pending-order settings are kept separate.

The tool calculates position size from a chosen risk percentage of account balance and the distance to the stop, subject to the broker's volume limits and increments. It also displays floating profit or loss for positions in the current symbol. The description presents interface and risk-management features, not a tested trading strategy. It gives no performance results and does not explain order-routing behavior in detail, so the claimed workflow and risk calculations cannot be independently assessed from this text alone.

Key ideas

• The tool lets traders adjust entry, stop-loss, and take-profit levels by dragging chart lines.
• It supports market execution and pending orders.
• Stop losses can use fixed points or an ATR multiplier.
• Position size is based on a selected account risk percentage and stop distance, within broker limits.
• The description contains no performance evidence or independent validation of the tool's calculations.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.