BEFORE ENTRY
Trade plan
ENTRY · SL · TP
Visually plan levels, calculate volume, money risk and Risk / Reward before entry.
Risk control inside MT5
Risk Manager for MT5:
control drawdown,
positions and profit.
FXLab Risk Manager helps you calculate lot size before entry, manage one position or a group of positions, control daily and total drawdown, track profit targets and analyze trading history in an HTML dashboard.
For MetaTrader 5 Manual trading Prop trading
== FXLab.app | Risk Manager ==
[OK] LICENSE ACTIVE
Days left: 30 | Expires: 2026.07.11
Trading:
RISK1.0%+
BUYSELL
DEFAULT SL/TP: OFF
VIS BUYVIS SELL
Calc lot: 0.38 | Risk: $100 | RR: 2.4
Pending Orders:
BUY LIMITSELL LIMITBUY STOPSELL STOP
Position Management:
CLOSE ALLDEL PENDINGCLOSE PROFITCLOSE LOSS
Group Operations:
SET TPSET SL
Balance: USD 10,000.00
Floating P/L: +$124.50
Open: 5 pos. | Pending: 2
Statistics:
Spread: 8.0 points
DASHBOARD
RISK MANAGER
Capabilities
Three systems work as one product
Plan and manage trades, protect a prop account and analyze results without disconnected tools.
DURING TRADING
Account protection
Group management and drawdown protection
Manage positions, control daily and total drawdown, block entries and use emergency close if enabled.
AFTER THE TRADE
Trading analytics
ALL STATISTICS / EA ONLY
Analyze full MT5 history, periods, months, instruments and buy/sell results.
Position group management
Manage a position set as one trade
When a trader builds a position through several entries, managing each order separately takes time and increases the chance of mistakes.
Set one Stop Loss or Take Profit for all positions on a symbol.
Quickly close all positions, only profitable positions or only losing positions.
Delete pending orders and control the combined result.
XAUUSD positions
5 openBUY 0.10+$42.10
BUY 0.15+$81.45
BUY 0.10+$73.20
BUY 0.20+$184.00
BUY 0.10+$121.50
Shared Stop Loss for BUY positions
Trade execution
Do not just open a position - manage it correctly until exit
Risk Manager helps after entry: it moves one position or a position set to true break-even, fixes profit in parts and warns about important news without automatically banning trading.
True Break-Even
Break-even with commission and swap included
A standard MT5 break-even move may ignore closing commission and accumulated swap. Risk Manager calculates the real zero level so the position does not close slightly negative because of broker costs.
Shared BE
For a set of positions on one symbol. Risk Manager calculates the average group price and sets one shared break-even level.
Individual BE
For one position or a group of orders. One click gives each position its own break-even level including individual costs.
Partial profit taking · Scale-Out Engine
Take profit in parts at TP1 / TP2 / TP3
TP1
Close the first part and optionally move the remainder to Auto-BE.
TP2
Lock in the second part by the configured volume percentage.
TP3
Automatically close the remaining position without manually recalculating percentages.
Levels can be placed automatically by ATR and then moved manually. After execution, the line is removed and the level status changes to completed.
News warning · News Filter
News as a warning, not an automatic ban
The filter uses the built-in MQL5 calendar without external servers. It shows calm mode, pre-news warning, post-news window or no broker data status if the broker does not provide the calendar.
No newsBefore newsAfter newsNo data
News Filter does not interfere with Prop Guard, does not close positions and does not block trades. The decision stays with the trader.
Workflow
From idea to controlled trade
All main actions are performed directly on the MetaTrader 5 chart.
01
Step 1
Set risk
Choose account percentage or fixed volume.
02
Step 2
Place levels
Move Entry, Stop Loss and Take Profit on the chart.
03
Step 3
Check calculation
Evaluate lot size, money risk and Risk / Reward before entry.
04
Step 4
Manage position
Open the order and control one or several positions.
Prop Guard
Limit control
Daily drawdown0.9% / 5.0%2.6% / 5.0%4.7% / 5.0%5.0% / 5.0%
Total drawdown2.4% / 10.0%4.1% / 10.0%5.5% / 10.0%6.2% / 10.0%
Profit target0.4% / 3.0%1.8% / 3.0%2.7% / 3.0%3.0% / 3.0%
Risk Manager tracks two scenarios
It controls drawdown separately and tracks profit target achievement separately.
WARNING!
Drawdown is approaching the protection boundary.
Trading remains available for now.
CONTINUE TRADING WITH CAUTION
PROTECTION BOUNDARY REACHED!
Protection boundary reached.
New entries are blocked.
CLOSE BY FILTER
KEEP POSITIONS OPEN
OFFICIAL LIMIT BREACHED!
Emergency position closing started.
New entries remain blocked.
CLOSING BY SELECTED FILTER
PROFIT TARGET REACHED!
Profit Target completed.
You can lock in the trading day result.
CLOSE TRADES AND LOCK PROFIT
State is not lost: calculation bases, peaks and blocking states are saved after restart and synchronized across all charts of one account.
For prop trading
Protect a prop account before a drawdown rule is violated
Risk Manager monitors equity while the terminal is running, tracks daily and total drawdown and follows the profit target. It warns early, blocks new entries at the protection boundary and can close positions by the selected rule if the action is enabled.
WarningYellow warning tells you early that the account is approaching the protection boundary.
ProtectionNew entries are blocked while management of already open positions remains available.
EmergencyAt an official breach, emergency closing can trigger by the selected filter if enabled.
Profit TargetProfit Target helps lock in the result on time: warn, block new entries or close trades by the selected rule.
Risk Manager analytics
Your trading journal already exists. Risk Manager turns it into answers.
One click opens an interactive HTML dashboard that analyzes the full closed-position history in MT5, including trades made before Risk Manager was installed.
Overall performance statistics
Equity curve by trades
Monthly performance
Buy/sell results by account and instruments
ALL STATISTICS
Full history
EA ONLY
Risk Manager
63.6%
Win Rate
1.16
Profit Factor
0.6%
Max Drawdown
Not just a report - an analytics center
Turn account history into clear decisions
Risk Manager collects fully closed positions from MT5 history and creates an interactive HTML dashboard: overall statistics, equity curve, months, instruments and buy/sell analysis by account and by symbol.
Overall statistics
What happened?
Evaluate the selected period by Net P&L, trade count, Win Rate, Profit Factor, maximum drawdown, average win/loss, best and worst trade.
Performance dynamics
How did the result change?
Track the equity curve by each closed position and compare monthly results. You can see when the strategy was stable and when it started losing efficiency.
Advanced statistics
Why did this result happen?
Compare instruments, find the three best and three worst symbols, and use buy/sell analysis to see results separately by account and by symbol.
FXLAB Risk Manager
Statistics DashboardPeriod:Today7D30D90D1YAll|Statistics:All StatisticsEA Only
NET P&L
33.73 USD
TOTAL TRADES
132
WIN RATE
63.6%
PROFIT FACTOR
1.16
MAX DRAWDOWN
0.6%
AVG WIN / LOSS
2.85 / 4.28
BEST / WORST
8.89 / -52.48
⌁ EQUITY CURVE
▦ MONTHLY PERFORMANCE
JanMayJunDecTotal
◎ INSTRUMENT STATISTICS
AllBest 3Worst 3
SYMBOLTRADESWIN RATEPROFIT FACTORNET P&LLONG / SHORT
XAUUSD13263.6%1.1633.73VIEW
Buy and sell analysis · Long / Short
Separate buy and sell results
The HTML dashboard shows exactly where the strategy works better: buys, sells, the whole account or a specific instrument.
Account level
Purchases and Sales across the account
Compare buys and sells by Net P&L, closed positions, Win Rate, Profit Factor and average win/loss.
Instrument level
Drill-down by each symbol
Open buy and sell details for EURUSD, XAUUSD or any other symbol and see which direction pulls the result up or down.
Analyze all account trades you had even before installing Risk Manager
Dashboard analyzes all closed-position history available in MetaTrader 5. Choose Today, 7D, 30D, 90D, 1Y, All or a custom date range and study any trading period.
Today7D30D90D1YAllCustom range
Compare all trading and Risk Manager trades
The toggle All Statistics shows all account trading. Mode EA Only keeps positions opened and closed by Risk Manager so you can evaluate the tool result.
All Statistics
Full account picture
EA Only
Risk Manager only
Instrument Statistics
Find what you trade best and what pulls results down
For each symbol, Dashboard shows trades, Win Rate, Profit Factor, Net P&L, average win and loss, best and worst trade. In the Long / Short column you can open details for a specific instrument and see buy and sell results separately. Best 3 and Worst 3 speed up finding strong and weak instruments.
Find strong markets
Focus on symbols where your trading gives the best result.
Compare buys and sells
See result direction across the account and separately by each symbol.
Compare periods
Check how efficiency changed over a week, month, year or selected dates.
Decide from data
Adjust the trading plan from facts, not feelings.
Risk ManagerPricing
Choose the access period. Every Risk Manager plan includes position management, drawdown protection, Profit Target and HTML analytics.
You only pay for the access period. All features, data and updates are included by default.
2 months
For trying the product and testing it on a live working account.
$19/ 2 months
Full Risk Manager access
Trade and position group management
True break-even for one position or a group
Partial take profit TP1 / TP2 / TP3
Informational news warning
Drawdown limit protection and profit target
HTML trading analytics dashboard
License for 1 PC
Free updates
60 days access
Popular
1 year
save 39%
Best for regular trading and prop challenges.
$69/ year
(approx. $5.75 / month)Everything in the 2-month plan
12 months access
Best monthly price
14-day money-back guarantee
1 free license transfer
License for 1 PC
Free updates
12 months access
instant product access right after payment.
Yearly bundle
Risk Manager + Forex Simulator for $99 / year
If you choose the yearly Risk Manager for $69, add Forex Simulator for only +$30 and get two products instead of $128.
Already have Forex Simulator? Contact us and we will prepare a manual upgrade.
Savings
$29
Important information before use
Risk Manager is a management tool, not a trading strategy. It does not guarantee profit and does not remove trading losses.
Group actions depend on the selected filter mode: current symbol, Risk Manager positions or the whole account. Check settings before using them.
Risk state is saved between restarts. Daily or total base reset is a separate action and should match the selected account rules.
Scale-Out and partial closing depend on the broker minimum volume and lot step.
News Filter uses the built-in MQL5 calendar. If broker data is unavailable, the panel shows that status and keeps working.
MetaTrader 5, DLL permission and WebRequest access to the FXLab license server are required.