Risk Manager — Free Download & Guide
AD SLOT · 728×90
Risk Manager is a utility EA for MT4 and MT5 that manages trades you have already opened — it does not open trades itself. It moves stops to break-even after a set profit, applies an ATR trailing stop, and enforces a daily loss cap. It also prints the correct lot size for your chosen risk on the chart.
What it does
- Moves the stop to break-even after a profit trigger
- ATR trailing stop
- Daily loss cap closes trades if hit
- On-chart lot-size hint for your risk %
Key settings
| Setting | Default | Notes |
|---|---|---|
| Break-even trigger | 1.0 x ATR | When to move to break-even |
| Trail distance | 2.0 x ATR | Trailing stop |
| Daily loss cap | 5% | Closes trades if hit |
| Manage all symbols | false | Or just this chart |
How to install
Download the file, drop it into your MetaTrader Experts or Indicators folder, restart the platform, then drag it onto a chart (enable AutoTrading for EAs). Full walkthrough in our MT4/MT5 install guide.
Run it live: Runs on MT4 and MT5 — open a demo or live account with Exness or Deriv to test it first. (Affiliate links — see disclosure.)
Limitations to understand
It manages risk; it does not create an edge. Pair it with a strategy or your own manual trading.
⤓ Download MT5 (.ex5)⤓ Download MT4 (.ex4)
Risk warning. Educational use only — not financial advice. No guarantee of profit, and past performance does not indicate future results. Test on a demo account first; you can lose more than your deposit trading leveraged products.