MT5 Risk Manager — drawdown protection and risk calculatorOne bad day shouldn’t cost you your account

Risk Manager calculates the lot from your risk before entry, helps you manage the trade to the exit and closes the panel to new entries as you approach the daily or total limit. On your own account and on a prop account — in one panel right inside MetaTrader 5.

  • Does not trade for you
  • Closes positions only if you enable it
  • 14-day refund on the yearly plan
▯▯XAUUSD,M15
3321.563318.813316.073313.333310.59XAUUSD, M15TP +240.00 USD · RR 1:2.40VIS BUY 0.38 lotSL -100.00 USD · 1.00%3315.34
  • MetaTrader 5
  • Windows 10 / 11
  • Own and prop accounts
  • Several accounts on one PC

What Risk Manager solves

Common trader mistakes — and what fixes them

Pick a situation — the panel highlights the part that handles it. “Details” takes you to the breakdown below.

More than a risk manager

One panel instead of several programs

Usually this takes several programs: a trading panel with a lot calculator, drawdown protection, a trade copier and a journal. Each one works on its own. In Risk Manager it is one system, and its parts are connected.

Usually — separately

  • Trading panel and lot calculator
  • Drawdown protection
  • Trade copier
  • Journal and statistics

Four windows, four setups — and no program knows what the others are doing.

In Risk Manager — together

Limits + copier
The daily and total limit, the order check and the trade risk also apply on the accounts trades are copied to. Every copy gets a safety stop.
Limits + summary
The accounts summary shows at once which account hit a limit — and trades can be closed on all accounts with one button.
Panel + statistics
The “All trades / Risk Manager only” switch shows the result of trades opened through the panel separately.
Simulator + Risk Manager
A similar, familiar interface: practise the strategy on history in Forex Simulator — on a live account everything feels familiar.

Account protection · own and prop

Stop the drawdown before it breaks your limit

Accounts are lost more often not to analysis but in one bad day: trying to win it back, too much volume, a stop that “can wait”. Risk Manager watches daily and total drawdown and stops new entries in time. It controls the lower of balance and equity, so open trades count at once.

Two account types

OWN ACCOUNT
The total limit comes from the base — the balance at start or after RESET BASE; the daily limit from the day-start balance. The profit target is daily.
PROP ACCOUNT
Everything comes from the account size. The total limit boundary is your choice: static, trailing by end-of-day balance or trailing by equity. The daily limit uses the strictest prop method.

What happens at the boundary

WARNING
The drawdown approaches the boundary — the panel warns in advance. Entries are still allowed.
BLOCKED
At the safety boundary — by default 1% before the limit — the panel closes to new entries and offers to close positions. You can choose a softer mode: warn only. Managing and closing open positions is always available.
EMERGENCY
If the limit is breached anyway, it can close positions by the chosen rule. Off until you turn it on.
PROFIT TARGET
Profit target (daily on your own account): warn, close the panel to entries or close trades — so you don’t give a good day back to the market.

The block applies to entries through the Risk Manager panel and to copier copies. Trades opened directly in MT5 or by other EAs are not prevented, but they count in the drawdown. Calculation bases, peaks and block statuses survive a restart and are the same on every chart of one account.

How it works

Risk is calculated before entry, not after a loss

  1. 01

    Set the risk

    For example, 1% of the account — or a fixed lot. The Lot / Risk % switch in the panel.

  2. 02

    Place the levels

    VIS BUY or VIS SELL put the entry, stop and target on the chart — drag them with the mouse.

  3. 03

    Check the numbers

    The panel shows the lot, the money risk and RR at once — before the trade is open.

  4. 04

    Manage the position

    Enter with BUY or SELL. Then break-even, partial close and group levels, while the limits watch the account all the time.

Trade management

A winning trade shouldn’t close in the red

You moved the stop to the entry price — and the position closed slightly negative because of commission and swap. Risk Manager sets a true break-even, takes profit in parts and warns about important news; if you enable it, it also prevents new trades around the news.

▯▯XAUUSD,M15
3310.973307.373303.783300.183296.59XAUUSD, M15BUY 0.21 +56.23 USDSL · break-evenTP2 · 30%TP3 · 40%✓ TP1 filled · 0.09 lot · +19.80 USD✓ SL → break-even (Auto BE after TP1)3305.71

The windows open from icons in the panel — first as a collapsed bar, the arrow expands them. Scale-Out puts TP levels on the chart: when price reaches a level, that part of the position closes, the line disappears and the profit is shown at the moment of execution; after TP1 the stop moves to break-even by itself. Trade management: partial close and one-click break-even. News: the countdown to an important release.

True break-even

Break-even that includes commission and swap

A plain stop move to the entry price ignores the closing commission and accumulated swap, so the position can close slightly negative. Risk Manager puts the stop at the real zero level.

GROUP BE
For several positions on a symbol: the average group price and one shared break-even level.
SINGLE BE
Each position gets its own break-even level with its own costs.

Partial profit · Scale-Out

Profit in parts at TP1, TP2 and TP3

Set the share of volume for each level. The SET button places the level on the chart by ATR; then you can drag it with the mouse.

TP1 · TP2
When price reaches the level, that part of the position closes and the line is removed from the chart.
TP3
Closes the remainder of the position — no need to recalculate percentages.
AUTO BE
After TP1 the stop of the remainder moves to break-even by itself — an advisor setting, on by default.

News

A news warning or an entry block — your choice

The News window takes events from the built-in MQL5 calendar — no external servers. It shows a countdown to an important release, the window after it, or “no data” if the broker does not provide the calendar.

DEFAULT
The window warns about an important release in advance; trading stays open — the decision is yours.
ENTRY BLOCK
Turned on in the settings: new entries are blocked 15 minutes before an important release and 5 minutes after. The time and news importance are adjustable.

News never closes open positions — you can still manage them. With the block on, entries are also not opened without current calendar data, and copier receivers do not open copies around the release either.

Position group management

Manage a set of positions as one trade

Building a position with several entries? Usually the stop has to be moved on every order separately — and in a hurry it is easy to make a mistake. Here it is one line and one button.

  • One stop or target: SET SL GROUP or SET TP GROUP put a line on the chart — drag it to the level and press BUY or SELL, and every position of that side on the symbol gets the level.
  • Close only winners (CLOSE PROFIT), only losers (CLOSE LOSS) or all at once (CLOSE ALL).
  • Delete all pending orders with one button — DEL PENDING.
▯▯XAUUSD,M15
3311.823309.923308.013306.103304.20XAUUSD, M15#1 BUY 0.10 +22.58 USD#2 BUY 0.10 +7.12 USD#3 BUY 0.10 -14.19 USDSL 3304.50 · 3 BUY positions3308.56

Trade copying · several accounts

Trade on one account — your trades are repeated on the others

Your own account, several prop accounts, different brokers — these are separate MetaTrader 5 terminals. No need to repeat every trade by hand: trade on one account and Risk Manager copies the trades to the other terminals of this computer, each with its own volume.

  1. 01

    Assign the roles

    The copying window lists every account with Risk Manager on this computer. One account is the source — this is where you trade. The others are receivers or “not used”.

  2. 02

    Choose the volume for each receiver

    Same lot, multiplier, by deposit (the lot is scaled by the balance ratio), risk % to the source stop, or a fixed lot. Each receiver has its own rule.

  3. 03

    Start copying

    New Risk Manager trades are copied: opening, partial close, stop moves and closing. When a trade closes on the source — manually, by SL, TP or Scale-Out — the copies close too.

Protection stays on every account

  • Risk Manager checks keep working on the receivers: daily and total limit, order check, news, maximum lot and trade risk.
  • Each copy gets a safety stop: the source stop distance plus a margin.
  • While copying runs, entry buttons on the receivers are off, so you cannot open an extra trade there by accident.
  • Symbols are matched automatically even when brokers name them differently (GOLD → XAUUSD, suffixes). If one is not found, you choose it in the window.

Copying works between terminals on one computer, for hedging accounts. Trades opened before the start are not copied — only new ones.

Accounts summary

All accounts under control — in one window

With several accounts it is easy to miss that a limit has already triggered on one of them. The SUMMARY button shows every account with Risk Manager in all terminals of this computer: limit status, daily and total result, equity and open positions.

  • Close trades on all accounts at once with one button.
  • Close a whole account — Risk Manager trades only or all — or the position on one symbol.
  • You see at once where a limit has triggered: the account is marked, for example, “Block: total limit”.
  • Click a row to bring its chart to the front; “Statistics” opens the account history.

Account statistics

Break down your account history and learn what to fix

At what hours, on which instruments, in buys or sells, with what risk do you lose money? The DASHBOARD button opens the statistics window and breaks down every closed position in the MT5 history — including those made before Risk Manager was installed.

Period: today, week, month, 3 months, year, all time or your own dates. The “All trades / Risk Manager only” switch shows the trades opened through Risk Manager separately.

FXLAB Risk Manager
ACCOUNT STATISTICS
Account 12345678 · Broker-Live01 · USD
All tradesRisk Manager only
PERIOD:TodayWeekMonth3 monthsYearAllCustom dates
20.11.2025 → 06.10.2026 · trades: 383
NET RESULT
+11 310.93
+113.1% vs starting balance
TRADES
383
180 winning · 203 losing
WIN RATE
47.0%
share of winners
PROFIT FACTOR
1.54
profit / loss
MAX DRAWDOWN
5.4%
711.92 USD
EXPECTANCY
+0.45 R
+29.53 per trade
Balance curve
by closed trades, in order
22 19217 69413 1978 700
20.11.2512.05.2606.10.26
Drawdown from peak
0%-5.4%
Months 2026
% of the month's starting balance
YEAR TOTAL
+84.3%
+15.4
J
+1.1
F
+17.1
M
+14.1
A
-2.0
M
-0.2
J
+3.2
J
+6.0
A
+10.5
S
0.0
O
N
D
Day calendar
green — winning day, red — losing day
FXLAB ANALYTICS · data from the account history · all trades on the account

This is a sample window — you can switch the tabs. The report is saved as an image with the SAVE REPORT button.

Video

See Risk Manager in action

A detailed review on the FXLab YouTube channel: risk per trade, position management, drawdown control and trading analytics.

All videos on YouTube

About this video

The review is in Russian and was recorded on the previous version of the panel. Since then the interface has been fully redesigned and new features added: trade copying, an accounts summary and a new statistics window. The examples above on this page show the panel as it looks now.

Why Risk Manager exists

Practice first, then a live account

I trade myself and have blown accounts more than once. That is why I first built Forex Simulator — to practise on history in MetaTrader 5 without risking money.

Risk Manager is the next step, for a live account. A similar, familiar panel — but with limits that stop trading in time, before one day wipes out everything.

— Sergey, founder of FXLab

Explore Forex Simulator for MT5 manual backtesting features

Customer review

“It’s super convenient, easy and fast… If you have a question, they answer instantly, look into it, explain and help”
— Elizaveta, verified purchase · translated from Russian

Risk ManagerPricing

Every feature is included in every plan — you only choose the access period. The yearly plan comes with a 14-day money-back guarantee.

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

when paying with USDT · by card $21.28

  • Full Risk Manager access
  • Trade and position group management
  • True break-even for one position or a group
  • Partial take profit TP1 / TP2 / TP3
  • News warning or entry block
  • Drawdown limit protection and profit target
  • Account statistics window
  • License for 1 PC
  • Free updates

60 days access

Popular

1 year

Best for regular trading and prop challenges.

$69/ year

save 39%approx. $5.75 / month

when paying with USDT · by card $77.28

  • 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.

Practice + live account

Risk Manager + Forex Simulator for $99 / year

when paying with USDT · by card $110.88

Practise your strategy on history in Forex Simulator and trade your live account with Risk Manager — in a similar interface and with limit protection. With the yearly Risk Manager at $69, the simulator costs only +$30 more — two products instead of $128.

Already have Forex Simulator? Contact us and we will prepare a manual upgrade.

Savings: $29

Customer reviews

Real experiences from verified owners of this FXLab product.

E

Elizaveta

8/5/2026

Шикарный Риск Менеджер

Приобрела Risk Manager для реальной торговли - супер, очень удобно и быстро, задаю % риска и простым движением мышки перетягиванию линию на нужный уровень и устанавливаю SL и TP. Не нужно ничего считать, риск менеджер сам высчитывает размер лота. На линиях SL и TP сразу видно размер лота и сумму в валюте. Это мега удобно, легко и быстро. Отдельный момент это техподдержка: если есть вопрос - вам моментально ответят, вникнут, объяснят, помогут и тд. Я максимально быстро получала ответы на все вопросы. Однозначно 10 звёзд из 5:) Продукт и поддержка просто супер - рекомендую!

Verified purchase
A

Andrei

10/18/2026

Лучший советник

Лучший советник с которым я работал.Ребята недавно сделали обновление и добавили много разных фишек,которые значительно упрощают торговлю.Поддержка на высоте,отвечают оперативно,помогли даже в вопросах которые их не касались,за это отдельное спасибо!Желаю им успехов в развитии и всем рекомендую их продукт!

Verified purchase

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. With the news entry block on, new entries are not opened without current calendar data.

MetaTrader 5, DLL permission and WebRequest access to the FXLab license server are required.

Frequently asked questions