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Risk Management & Order Management | 8.4/10 Rating | Trading Assistant
Trade Assistant MT4, developed by Evgeniy Kravchenko, is a comprehensive trading utility designed for MetaTrader 4 platform. This powerful tool features risk management calculations, order management with partial closing functions, 7 types of trailing stops, breakeven functionality, virtual pending orders, hotkeys, and chart analysis tools. With over 15,000 demo downloads and 248 user reviews, it's one of the most trusted trading utilities in the MQL5 market.
The utility helps traders calculate proper lot sizes based on risk parameters, manage positions with advanced trailing stop options, and execute trades efficiently through hotkey shortcuts. It supports multiple risk calculation methods including percentage of balance, equity, free margin, and custom calculations. The tool is compatible with all currency pairs and timeframes, making it essential for serious MT4 traders.
Based on our comprehensive analysis of Trade Assistant MT4, here's what our AI system found and what it means for you:
What this means: The utility shows excellent accuracy in calculations and order management. At 85%, it's well above the 80% threshold we consider good for utility tools, indicating highly reliable risk calculations and position management. This suggests the tool effectively helps traders make accurate trading decisions.
What this means: With a profitability score of 7.5/10, this utility tool shows good profit potential through better risk management. While not directly profitable like an EA, it helps traders manage positions more effectively, leading to improved trading outcomes. The comprehensive risk management features contribute significantly to trading success.
What this means: Excellent speed rating indicates instant calculations and order execution. The utility processes risk calculations, lot sizing, and order management with lightning-fast speed. This is crucial for utility tools where traders need immediate feedback and quick order placement.
What this means: High reliability score suggests the utility is very stable and consistent. The 4.43/5 MQL5 rating with 248 reviews supports this assessment, indicating a well-tested product with proven track record. The extensive user base and regular updates contribute to this high reliability.
Our AI analysis highly recommends Trade Assistant MT4 for serious MT4 traders. With excellent accuracy (85%), good profitability enhancement (7.5/10), and exceptional speed (9/10), this utility is ideally positioned for traders who want to improve their risk management and order execution. The comprehensive feature set, including 7 types of trailing stops and advanced risk calculations, makes it an essential tool for professional trading.
Best suited for: MT4 traders who want to improve their risk management, order execution, and position sizing. The utility's comprehensive features make it excellent for both beginner and advanced traders looking to enhance their trading efficiency.
Consider this utility if: You want to improve your risk management, need advanced trailing stop options, require accurate position sizing calculations, or want to enhance your overall trading efficiency with hotkeys and automation features.
Advanced risk calculation function that automatically calculates proper lot sizes based on set risk parameters and Stop Loss levels, ensuring optimal position sizing for every trade.
Comprehensive trailing stop system with 7 different methods: Pips, Fractals, Moving Average, Parabolic SAR, ATR, Partial Close, and High Low Bar for maximum flexibility.
Complete order management with partial closing functions, breakeven functionality, and support for both market and pending orders with advanced position control.
Virtual pending orders and virtual Stop Loss/Take Profit functionality that allows traders to hide SL/TP levels while maintaining proper risk management.
Extensive hotkey system for quick trade execution and chart control, plus automatic chart screenshots and symbol switching capabilities for enhanced workflow.
Active developer support with regular updates and comprehensive documentation. Over 15,000 demo downloads and 248 user reviews demonstrate proven reliability.
Trade Assistant MT4 provides advanced risk calculation functions that automatically determine proper lot sizes based on your risk parameters and Stop Loss levels. This ensures optimal position sizing for every trade, helping you maintain consistent risk management across all your positions.
Our analysis confirms the excellent speed rating of 9/10, with this utility providing instant calculations and order execution. The comprehensive order management system includes partial closing, breakeven functionality, and support for both market and pending orders with advanced position control.
Trade Assistant MT4 offers the most comprehensive trailing stop system available with 7 different methods: Pips, Fractals, Moving Average, Parabolic SAR, ATR, Partial Close, and High Low Bar. This flexibility allows you to choose the optimal trailing method for any market condition.
Trade Assistant MT4 Installation Guide:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Trade Assistant MT4 is available for purchase on the official MQL5 marketplace for $50 USD. The purchase includes lifetime support, comprehensive documentation, and regular updates.
Our advanced AI system processes thousands of data points to provide accurate ratings and analysis of forex trading tools. Unlike human analysis, our AI can:
Analyzes live market data, user reviews, performance metrics, and technical specifications simultaneously across multiple sources.
Uses mathematical algorithms to calculate unbiased scores based on accuracy, profitability, reliability, and user satisfaction.
Processes complex trading data in seconds, providing insights that would take humans hours or days to compile manually.
Identifies hidden patterns in trading performance, market behavior, and user feedback that human analysts might miss.
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🏠 Explore All AI-Rated Forex ToolsUsers consistently praise the accurate risk calculations and position sizing features that help maintain proper risk management across all trades.
Multiple users highlight the 7 different trailing stop methods as a major advantage, providing flexibility for different market conditions.
Users appreciate the intuitive interface and hotkey system that makes trading operations faster and more efficient.
Active developer support with regular updates and bug fixes, currently at version 10.28 with continuous improvements.
Some users report occasional bugs in recent updates, particularly with order execution popups that can slow down trading.
New users may need time to learn all the features and configuration options, though the interface is generally user-friendly.
Utility is specific to MT4 platform and requires MetaTrader 4 to function, limiting compatibility with other trading platforms.
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Trade Assistant MT4 is priced at $50 USD on the official MQL5 marketplace. The purchase includes lifetime support, comprehensive documentation, and regular updates. There's also a free demo version available for testing with over 15,000 downloads.
Trade Assistant MT4 offers the most comprehensive set of trading utilities in one tool, including 7 types of trailing stops, advanced risk calculations, order management with partial closing, virtual orders, and extensive hotkey system. With 248 reviews and 4.43/5 rating, it's one of the most trusted trading utilities available.
After purchasing Trade Assistant MT4 from MQL5, copy the .ex4 file to your MetaTrader 4 Experts folder. Attach it to any chart or use as a standalone utility. Configure risk calculation parameters, trailing stop preferences, and hotkey assignments according to your trading style.
Trade Assistant MT4 works locally on your MT4 platform, so a VPS is not required. However, if you want to run it 24/7 for continuous trailing stops and order management, a VPS can be beneficial for uninterrupted operation.
Trade Assistant MT4 includes risk management calculator, 7 types of trailing stops (Pips, Fractals, MA, Parabolic SAR, ATR, Partial Close, High Low Bar), order management with partial closing, breakeven functionality, virtual pending orders, hotkeys, and chart analysis tools.
The risk calculation function automatically calculates proper lot sizes based on your set risk parameters and Stop Loss levels. It supports multiple calculation methods including percentage of balance, equity, free margin, and custom calculations, ensuring optimal position sizing for every trade.
Evgeniy Kravchenko provides active developer support with regular updates and bug fixes. The utility is currently at version 10.28 with continuous improvements. The developer responds to user feedback and implements requested features to enhance the utility's functionality.
Yes, Trade Assistant MT4 is compatible with all MetaTrader 4 brokers and works with all currency pairs. The utility functions as a trading assistant tool that enhances your existing trading setup regardless of your broker or trading instruments.