Trading Experts for MT5
FinPip RiskDesk
Click-to-trade risk manager for MetaTrader 5
Turn your stop-loss into position size automatically. Mark where your stop goes on the chart and RiskDesk sizes the trade to your exact risk, places a reward-based take-profit, and handles break-even and closing — all from a small panel on the chart.
- Free
- MetaTrader 4 & 5
- .ex5 + .ex4
Key features
- Risk-based lot sizing — set risk as a % of balance or a fixed cash amount, and the lot is computed from your stop distance.
- Reward/risk take-profit — TP is placed at your chosen R multiple of the stop.
- One-click Buy / Sell from an SL or TP line you draw on the chart.
- Two-click pending (limit) orders: click the entry, then the stop.
- Break-even button moves the stop to entry to lock a risk-free trade; Close-all flattens the symbol instantly.
- Draggable SL / TP lines with live price and money-risk labels.
- Optional discipline guard blocks manual trades that bypass the panel.
Key inputs
- Risk mode
- Percent of balance, or a fixed money amount.
- Risk percent / Risk money
- How much you risk per trade.
- Reward/Risk ratio
- R multiple used for the take-profit (e.g. 2.0).
- Magic number
- Tags orders opened by the panel.
- Block manual trading
- Off by default; on = only the panel may open trades.
How to install
- 1In MetaTrader 5 open File → Open Data Folder, then go to MQL5 › Experts.
- 2Copy the downloaded .ex5 file into that Experts folder.
- 3Back in MT5, right-click Navigator → Refresh — the expert appears under Expert Advisors.
- 4Drag it onto a chart. For RiskDesk, enable Algo Trading so it can place orders.
Download is the ready-to-use compiled expert (.ex5) — just drop it into MT5 (no compiling needed). It is a manual charting/trading tool, not an automated strategy, and it makes no profit claims.