DOWNLOAD THE EA TO USE IN THE STRATEGY TESTER!
Try the EA out in the tester then get your licence for MT4 or MT5.
BUY THE EA & start trading on your live or demo account today!
Fully functional version to use in live or demo trading!
NOTE: MT4 is being phased out gradually so it is recommended to get the MT5 version if your broker supports it to future proof yourself. 😉
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Risk Calculator Fast Trade Management Buttons
Whether you’re a discretionary trader who values precise risk management or a strategy developer who needs to test trade setups visually, this tool provides everything you need in one elegant, intuitive interface.
Unlike basic position calculators, the Risk/Reward Tool combines visual trade planning with instant execution capabilities, real-time profit/loss monitoring, and comprehensive trade management features. The tool is fully compatible with the MT4 Strategy Tester, allowing you to practice your trading strategy and refine your approach without risking real capital.
Key Features
Visual Trade Planning
• Interactive drag-and-drop entry, stop loss, and take profit lines
• Colour-coded risk/reward zones that update in real-time as you adjust your trade parameters
• ATR-based automatic stop loss calculation for volatility-adjusted position sizing
• Configurable risk/reward ratio with visual representation
• Support for both market orders and pending orders (limit/stop) based on entry line position
Intelligent Position Sizing
• Risk as a percentage of account balance or fixed monetary amount
• Real-time lot size calculation that updates as you move your stop loss
• Adjustable risk with convenient up/down buttons or direct input
• Automatic lot normalisation to your broker’s specifications
One-Click Trade Execution
• Instant market order execution with pre-calculated position size
• Automatic pending order placement when entry is set away from current price
• Market Order mode toggle for instant execution at current price
• Visual confirmation before trade placement
Comprehensive Trade Management
• Move to Breakeven button for individual trades
• Breakeven Average function for multiple positions
• Partial close functionality with customisable percentage
• Close All positions button for quick exit
• Close Most Profitable position for scaling out winners
Real-Time Trade Monitoring
• Live profit/loss display on the control panel
• Individual trade P/L labels on the chart
• SL/TP amount labels showing potential loss/profit at each level
• Average price line for multiple positions in the same direction
• Smart label grouping to prevent cluttered charts
Strategy Tester Compatibility
• Full functionality in MT4 Visual Strategy Tester
• Draggable panel for repositioning during testing
• Adjustable SL/TP lines on open orders for testing trade management
• Practice your strategy without risking real money
Advantages & Benefits
For Risk Management
• Never risk more than you intend – automatic position sizing ensures consistent risk per trade
• Visual risk/reward zones make it easy to assess trade quality before execution
• ATR-based stops adapt to market volatility automatically
• Protect your capital with breakeven and partial close features
For Trade Execution
• Eliminate calculation errors with automated lot size computation
• Execute trades faster with one-click order placement
• Reduce emotional trading by planning entries visually before committing
• Seamless support for both market and pending orders
For Trade Management
• Manage multiple positions efficiently with average price tracking
• Lock in profits quickly with instant breakeven functionality
• Scale out of winning trades with partial close feature
• Monitor all positions at a glance with real-time P/L display
For Strategy Development
• Test your trading strategy in the Strategy Tester before going live
• Practice trade management techniques without financial risk
• Refine your entry and exit timing using historical data
• Build confidence in your approach before committing real capital
DOWNLOAD THE EA TO USE IN THE STRATEGY TESTER!
Try the EA out in the tester then get your licence for MT4 or MT5.
BUY THE EA & start trading on your live or demo account today!
Fully functional version to use in live or demo trading!
Have you seen the EA Bundle!
BUY EVERY EA & SAVE 50%
Get the whole collection of expert advisors
on the platform of your choice!
Get the best trade execution with this EA at
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Get The Indicators & Dashboards I use
The indicators are all available direct from your MT4 or MT5 platform in the market section. Alternatively, you can get them on the MQL5.com website!
The Market Reversal Alert Indicator
The key to the strategy is knowing when price is starting to turn and change direction. This indicator draws in market structure for you, then sends you an alert so you can take a look at your charts and see if there is a valid reason to enter a trade.
The Market Reversal Alert Dashboard
This amazing dashboard monitors the major time frames and all pairs you trade and alerts you instantly when a potential reversal happens. No more staring at charts all day! Every pair and key time frame in front of you in one MT4 window. Priceless.
The ADR Reversal Indicator
The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to its normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds its average range and levels above it of your choosing.
The ADR Alert Dashboard
The ADR reversal dashboard allows you to monitor every pair or instrument you trade in one dashboard. You’ll get alerted every time something exceeds your set ADR levels and ensure you will never miss an opportunity.
The Trade Manager Dashboard
Take control of your forex portfolio. See instantly where you stand, what's working and what's causing you pain! The Trade Manager Dashboard is designed to make risk management and exposure to currencies easier to understand.
The RSI and TDI Alert Dashboard
The RSI / TDI alert dashboard allows you to monitor 6 main timeframes (selectable by you) at once on every major pair you trade. The dashboard will alert you to extended conditions (overbought and oversold) when a candle closes on the chosen time frame.
Symmetrical Triangle Pattern Indicator
Profit from market contraction and consolidation after price makes new highs or lows in the market. Get alerted when a contraction is happening, ready to pounce on the next continuation or reversal move that is building up.
Symmetrical Triangle Pattern Dashboard
Get alerted and see instantly when any instrument you trade forms a symmetrical triangle pattern on any time frame. Get ready to pounce on those triangle breakouts!
Opening Range Breakout EA
Profit from the explosive moves that occur at the open of stock indices and give yourself an actionable edge every day. The opening range breakout EA can be tweaked to your liking to capture the trends that form just after the open every day on the main stock indices like the DAX, DOW, NASDAQ and S&P500.
The Market Reversal Alerts EA
Based on the indicator, this EA will auto trade signals generated from the market reversal alerts indicator. It has powerful filters to configure as you like to trade including ADR, MAs and RSI. You can also use it to basket/grid trade, and it has every risk option you can imagine.
The Price Action Toolkit EA
The missing piece of functionality in MT4!
Fast order buttons to quickly enter, adjust and exit positions and scalp with lightning speed. Get price action candlestick alerts on the most commonly traded patterns and auto execute entries and exits based on your preferences.
Support, Resistance & Propulsion Gaps
Automatically draw support and resistance levels PLUS propulsion candle gaps on your chart, so you can see where price is likely to head next and/or potentially reverse. This indicator is designed to be used as part of the position trading methodology taught on this website and displays key information for targeting and potential entries.
Stock Index Hedge EA
Take advantage of the opening volatility of the major stock indexes and profit from the sudden moves created at those times when the market breaks away at the opening bell. The strategies’ goal is to simply benefit from those days when the market moves fast and hard in one direction at the open and bank that move.