Risk Management & Order Management | 8.37/10 Rating | Trading Assistant
Trade Assistant MT5 by Evgeniy Kravchenko is a MetaTrader 5 manual trading panel that handles risk sizing and order execution while you keep full control of trade decisions. You drag entry, stop-loss and take-profit lines on the chart, and the utility works out position size from balance, equity or margin, with targets and stops expressible as R-multiples. It supports market and pending orders, including OCO pending logic, plus a trade-time manager for session rules.
For discretionary traders on MT5, the value is having one panel instead of a pile of scripts: seven trailing-stop types (pips, fractals, moving average, Parabolic SAR, ATR, partial close and high/low bar), partial closes, breakeven, virtual orders with hidden SL/TP, and hotkeys for fast execution. It is one of the longest-running trade managers on the MQL5 Market, with a large user base and frequent interface and engine refinements. Price-action, news and swing traders who want repeatable risk management without coding their own tools will get the most from it. Be realistic, though: it is not an automated trading system and will not produce signals or returns by itself, and the dense settings have a learning curve best climbed on a demo account.
Our AI scored Trade Assistant MT5 8.37/10, with top marks for ease of use, customization and support, underpinned by a deep pool of positive buyer reviews. The rating judges execution efficiency and reliability, not strategy performance. See the AI analysis below for what that score means for your workflow.
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Based on our comprehensive analysis of Trade Assistant MT5, 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 84%, 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 282 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 MT5 for serious manual MT5 traders. With strong accuracy (84%), good workflow enhancement (7.5/10 profitability score), and exceptional speed (9/10), this utility helps discretionary traders size risk, trail stops, and manage orders from one chart panel.
Best suited for: MT5 traders who execute manually but want professional risk sizing, trailing-stop automation, partial closes, and hotkey execution without building a custom panel.
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 38,569 demo downloads and 282 verified reviews demonstrate proven reliability.
Trade Assistant MT5 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.
Not set on Trade Assistant MT5? See our ranked alternatives belowβor browse the MT5 Utilities hub for more panels and trade managers.
Trade Assistant MT5 Installation Guide:
For detailed setup instructions and configuration guide, please refer to the installation manual provided after purchase.
Trade Assistant MT5 is available for purchase on the official MQL5 marketplace for $100 USD. The purchase includes lifetime support, comprehensive documentation, and regular updates.
Trade Assistant MT5 is priced at $100 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 38,500 demo downloads.
Trade Assistant MT5 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 282 reviews and 4.43/5 rating, it's one of the most trusted trading utilities available.
After purchasing Trade Assistant MT5 from MQL5, copy the .ex5 file to your MetaTrader 5 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 MT5 works locally on your MT5 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 MT5 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 10.33 with continuous improvements. The developer responds to user feedback and implements requested features to enhance the utility's functionality.
Yes, Trade Assistant MT5 is compatible with all MetaTrader 5 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.