MT5 Risk Manager EA

Overview

MT% Risk Manager is a simple yet powerful Risk Management Expert Advisor (EA) designed for the MetaTrader 5 (MT5) platform.
It helps traders automatically calculate the lot size based on account balance and predefined risk percentage per trade.

By default, this EA risks 0.5% of the total account balance per trade and uses horizontal lines drawn on the chart to determine the Entry, Stop Loss (SL), and Take Profit (TP) levels.

---

Key Features

• ✅ Automatically calculates lot size based on account balance and stop-loss distance.
• ✅ Default risk per trade: 0.5% of account balance.
• ✅ Uses horizontal lines to define:
  • Entry Line: Named Entry
  • Stop Loss Line: Named SL
  • Take Profit Line: Named TP
• ✅ Simple and intuitive: just draw the lines and let the EA handle the rest.
• ✅ Works on any symbol and timeframe.
• ✅ Ensures one trade per setup to prevent overtrading.

---

How to Use

1. Attach the EA to your preferred chart.
2. Draw three horizontal lines and name them exactly as:
   • Entry for entry price.
   • SL for stop-loss level.
   • TP for take-profit level.
3. The EA will automatically:
   • Calculate the correct lot size based on your stop-loss distance and account size.
   • Place a trade when the market price reaches your entry point.
4. The EA will not place a new trade until the current trade is complete.

---

Input Parameters

Parameter	Description	Default
RiskPercent	Percentage of account balance to risk	0.5
EntryLineName	Name of the horizontal entry line	Entry
StopLossLineName	Name of the stop-loss horizontal line	SL
TakeProfitLineName	Name of the take-profit horizontal line	TP

---

Important Notes

• The EA does not manage trailing stop or break-even — it strictly handles entry and lot sizing based on risk.
• Make sure the line names are correctly typed (case-sensitive).
• Always test the EA in a demo account before using it in live trading.

---

Recommended Enhancements (Future Versions)

• Add a user interface (UI) for more interactive lot size adjustments.
• Include dynamic risk % selection.
• Add trailing stop and break-even features.
• Notification on trade execution.

---

Disclaimer

This EA is provided for educational and personal use only. Trading in the financial markets involves risk. Please test thoroughly and use appropriate risk management. The author is not responsible for any losses incurred.

---

Contact

For updates or support:
Amal Jeev
[Visit my MQL5 profile](https://www.mql5.com](https://www.mql5.com/en/users/amaljeev)