Management EAs, indis, scripts & libraries

Position Size Calculator – Based on VP Money Management rules – indicator MetaTrader 4

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Example screen
Version 2.0 Uploaded – Version 1.xx users please update risk % This indicator is based on the Money Management approach used by VP from nononsenseforex.com It uses ATR to calculate Stop Loss, Take Profit and Volume you should enter into a trade based on the percentage of your Equity you want to risk. Inputs Include

Simple Open Order script with simple money & trade management feature – script MetaTrader 4

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Simple Open Order script with simple money & trade management feature - script for MetaTrader 4
How do traders manage their trades? A common approach is where price reaches profits = the stop loss size, you move the SL to entry price and let the it ride to TP. While this is a good approach, the disadvantage of this comes when price takes you out after you moved your SL to

Dynamic Trailing Stop Loss and Profit Target Management – EA MetaTrader 5

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Dynamic Trailing Stop Loss and Profit Target Management - expert for MetaTrader 5
This code is a risk management strategy for an Expert Advisor in MetaTrader that manages existing trades based on the input parameters. It focuses on closing trades when a profit or loss threshold is reached and employs a trailing stop loss to lock in profits as the trade moves in the trader’s favor. Here is

Martingale Levels For Money Management – EA MetaTrader 5

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Martingale Levels For Money Management - expert for MetaTrader 5
This EA is a money management algorithm for opening and closing positions and uses martingale with a “multiplier”.  Run EA before opening any positions to get the best result. Run “MartingaleEA-5Levels” on any chart. “Martingale Mode” should be true.  Put the name of symbols e.g. EURUSD or GBPUSD. Choose a martingale multiplier and put it