Trade Manager MT5/MT4 – Lot & Position Size Calculator

Intuitive Trade Manager Panel for MT4 & MT5 with Built-in Risk Management

InvestSoft Trade Manager is an all-in-one trade and risk management panel for MetaTrader 4 and MetaTrader 5. Instead of clicking through default MT4/MT5 order windows, you manage everything from one clear panel that works the same way on both platforms.

Visual trade planning on the chart

Plan trades visually: drag your entry, Stop Loss and Take Profit lines directly on the chart. Trade Manager builds a clear risk–reward box and instantly shows SL/TP distance in pips, their monetary value and the real Risk–Reward Ratio. You always know the exact risk before placing an order – no extra R:R indicators needed.

Built-in lot & position size calculator

The panel includes a built-in lot size and position size calculator for MT4 and MT5. You set your risk first (for example 1% per trade or a fixed amount) and the calculator automatically finds the correct position size for any symbol – without spreadsheets or external apps.

Automated trade management after entry

Once trades are open, you manage everything from the same panel: move lines on the chart or adjust parameters to modify SL/TP, close partially or close all positions at once. Automatic Break Even, Trailing Stop, partial closes and equity protection turn it into a simple but powerful risk management tool for day trading, swing trading and prop firm challenges.

One tool for all markets in MT4/MT5

Trade Manager works on all symbols in MetaTrader – Forex, indices, commodities, metals, futures and cryptocurrencies. You can try it with a free 7-day trial on a demo or live account.

What is this Trade Manager and what does it do?

Trade Manager MT5 & MT4 is a trade and risk management panel that works on top of your MetaTrader platform. Instead of juggling multiple MT4/MT5 windows, calculators and spreadsheets, you control position size, risk and orders from one clear panel directly on the chart.

It solves everyday problems most traders know well:

• manual lot size calculations for each trade,
• inconsistent risk per position,
• constant clicking through default MetaTrader order windows,
• chaos when managing multiple open trades in fast markets.

Trade Manager overlays your MT4 or MT5 chart and turns it into a visual trading workspace: you plan trades by dragging lines, let the tool calculate the correct lot size and Risk–Reward, and then open or manage orders with a few clicks. Daily trading becomes simpler, faster and much more consistent with your risk rules.

Trade Manager MT4/MT5 – Video Overview

See the Trade Manager in action – visual planning, lot size automation and smart risk control on MT4/MT5.

Feature overview – what Trade Manager adds to your MT4/MT5

Trade Manager MT5 & MT4 brings together all the tools you need to plan, open and manage trades in one panel. Here is a quick overview of the key features:

1. Smart position sizing & visual trade planning

• Position Size Calculator – instantly calculates the correct lot size based on your predefined risk per trade, so you keep position sizing consistent without manual counting.
• Easy trade planning on the chart – set entry, Stop Loss and Take Profit by dragging horizontal lines directly on the chart, similar to TradingView-style planning.
• Real-time SL/TP and R:R display – see Stop Loss and Take Profit in account currency, pips or points together with the live Risk-to-Reward Ratio for every planned trade.

2. Advanced protection & automated trade management

• Break Even tools – quickly secure your trade once it moves in profit, with simple one-click Break Even or multi-level break-even (up to four stages) for gradually tightening risk.
• Flexible Trailing Stop suite – choose from classic, multi-level, swing-high/low, Moving Average, ATR-based or partial-closure trailing to adapt protection to your strategy.
• Partial Take Profit & Partial Stop Loss – close part of your position at predefined levels and manage the rest with tighter protection, locking in gains while still leaving room for bigger moves.
• Equity Protect – automatically closes trades when a defined profit or loss limit is reached, protecting your capital and controlling drawdown.

3. Stealth & external order protection

• Hidden Mode – hides SL, TP and pending orders from the broker side to reduce the risk of visible stop levels being targeted.
• Automatic SL/TP for external orders – automatically attaches Stop Loss and Take Profit to positions opened from mobile apps or other EAs, keeping risk under control across all entries.
• Trailing for pending orders – lets selected pending orders follow current price dynamically until they are triggered or cancelled, so your entry stays aligned with the market.

4. Precise execution & quick actions

• Limit Pullback Orders (LPO) – place pending orders that wait for a controlled pullback, helping you get better entry prices instead of chasing the market.
• Quick trade closure – close all trades, only profitable ones, only losing ones or just buy/sell positions with a single click.
• One-click pending order cleanup – remove all or selected pending orders instantly to keep your workspace clean and focused.
• Large trade splitting – automatically splits large orders into smaller parts for better execution control on high-volume or institutional-type accounts.

5. Efficiency and customization

• Save & load settings templates – store your favourite configurations and restore them with one click for different strategies or instruments.
• OCO (One Cancels the Other) – when one pending order is activated, the opposite one is cancelled automatically, keeping your exposure and risk under control.
• Risk-to-Reward management – maintain a consistent risk-to-reward ratio for each planned trade, in line with your trading plan and money management rules, without manual recalculation.

Lot Size Calculator – precise risk per trade in one click

The built-in lot size calculator for MT4 and MT5 automatically determines the correct trade size based on the risk you define – as a fixed money amount or a percentage of your account. You simply set your entry and Stop Loss on the chart, choose how much you want to risk and Trade Manager instantly calculates the lot size.

The calculator takes into account Stop Loss distance, your balance or equity and the instrument type – Forex, indices, metals, CFDs, crypto or futures. This keeps your risk per trade consistent across different markets and removes position-sizing errors, so you can focus on trade quality instead of manual calculations.

Risk control & visual trade planning on the chart

With Trade Manager you plan trades directly on the chart instead of in your head or in a cluttered order window. Just like in TradingView, you place your entry, Stop Loss and Take Profit as draggable horizontal lines and the tool immediately turns them into a clear visual scenario of the trade.

As you move the lines, Trade Manager automatically calculates your risk per trade, shows potential profit and loss in money and pips, and updates the live Risk-to-Reward Ratio. You see in advance where you enter, where you are willing to be wrong and where you plan to take profits. If something does not match your trading plan, you simply adjust the lines until the structure and risk look right – and only then you press the button to place the trade.

This makes every setup feel like a well-defined scenario instead of a random click. You see where you enter, where you are willing to be wrong, and where you plan to take profits, all directly on the chart before you commit any capital.

Easy manual order management

With Trade Manager for MT4 and MT5 you manage your trades directly on the chart instead of fighting with the standard MetaTrader order windows. Once a position is open, you simply drag your Stop Loss and Take Profit lines to new price levels and the panel recalculates all risk and profit values instantly.

Right next to your entry price you see all key information about the trade at a glance: current profit or loss in pips or in your account currency, as well as the exact SL and TP values in both pips and money. When you move these levels on the chart, Trade Manager updates the figures in real time, so every change you make stays consistent with your risk management rules without retyping numbers.

Closing or adjusting trades is just as straightforward. You can close the whole position with one click or close only part of it to secure some profit and leave the rest running. Pending orders can be quickly modified or deleted when a setup is no longer valid, which keeps your chart and order list clean and easy to read.

Automated trade management – break-even, trailing stop and partial closes

Trade Manager for MT4 and MT5 lets you automate key parts of trade management, so you do not have to sit in front of the screen and move levels by hand. Once your rules are defined, the EA can handle automatic break-even, several types of trailing stop and partial closes, reacting to price movements exactly the way you specified.

You can choose from different break-even styles, from a simple “move SL to entry after X pips” to multi-level break-even that tightens the stop step by step as the trade develops. Trailing stops are equally flexible: classic trailing stop, multi-level trailing stop, trailing based on recent highs and lows, moving-average trailing for trend-following approaches and ATR-based trailing that adapts to volatility.

On top of that, partial close logic allows you to scale out of a position in stages, locking in profit while keeping a smaller portion of the trade open. All of these tools work together to turn your manual trading plan into a set of clear, automated rules – saving you time, reducing emotional decisions and bringing a more professional, rule-based approach to your Forex and CFD trading.

Automated capital protection (Equity Protection)

Equity Protection in Trade Manager MT4 & MT5 acts as a safety net for your trading account when a series of trades starts to go against you. Instead of relying only on discipline, you set a maximum loss limit or profit target in your account currency, as a percentage of your balance or as a specific equity level. Trade Manager then monitors your equity in real time and, when the chosen level is reached, automatically closes all open trades according to your settings.

A dedicated Equity Protection window with a clear progress bar shows at a glance how close you are to your loss limit or profit target. You always know where you stand in terms of current drawdown or session result without doing any extra calculations.

For many traders, especially those trading prop firm accounts with strict drawdown limits, Equity Protection is an important tool for staying within the rules, avoiding emotional decisions after a losing streak and protecting their capital over the long term.

Mobile trading support – MT5 Android & iOS orders managed by Trade Manager

Many traders use the MetaTrader 5 mobile app on Android or iOS (iPhone) to open trades quickly when they are away from their main trading desk. Placing orders from the MT5 mobile app is fast and convenient, but precise risk management on a small phone screen is not always comfortable. Trade Manager solves this by automatically managing those mobile trades on your desktop computer or VPS.

You can quickly open a position in the MT5 Android app or MT5 iOS app by simply tapping Buy or Sell, without spending time setting exact SL and TP levels on your phone. As soon as the order appears in MetaTrader 5 on your computer logged into the same trading account as the mobile app, Trade Manager can automatically attach Stop Loss and Take Profit according to your rules – for example fixed distances in pips or dynamic levels based on ATR. This lets you trade on the go from your phone quickly and efficiently, while your risk parameters are applied automatically in the background.

The same automation you use when trading from the desktop platform also works for positions opened from the MT5 mobile trading app: automatic Break Even, several types of Trailing Stop and Partial Closing can all be applied to mobile-originated orders without any extra steps from you. In addition, the Equity Protection module constantly monitors your account equity and can close trades opened from your mobile device once your profit target or loss limit is reached.

In practice, your MT5 mobile app becomes a fast execution tool for opening and closing positions while you are on the move, and Trade Manager running on your PC or VPS acts as a full trade and risk management layer for those mobile orders. You keep the flexibility of trading from Android or iPhone, while a virtual trade assistant on your desktop takes care of managing your positions in a structured and consistent way.

User guide, support and free 7-day trial

Trade Manager MT4 & MT5 comes with everything you need to start quickly and use all features with confidence.

User Guide – step-by-step instructions

You get access to a detailed Trade Manager User Guide that walks you through the whole process: from installation in MetaTrader 4/5, through initial setup of the Trade Manager panel, to using advanced features like automated break-even, trailing stop variants and Equity Protection. Everything is explained step by step, with screenshots and practical examples, so you can follow along at your own pace.

Technical support – we’re here to help

If you need help with installation, configuration or you are not sure how to use a specific function, our technical support is ready to assist you. We help with connecting the Trade Manager to your MT4/MT5 platform, explain settings and look into any issues you may encounter in everyday trading, so you are never left alone with the tool.

Free 7-day trial – request access via support

You can test Trade Manager MT4 & MT5 for 7 days for free on a demo or live account. To receive your trial version, please contact us and include the name of the program (Trade Manager) and the platform you use (MT4 or MT5). Our support team will send you the correct trial package and basic setup instructions, so you can start testing the Trade Manager in your own trading environment.