Trade Assistant MT5 (Official version) | Unbounded

Product Overview

Trade Assistant MT5 is a comprehensive trading management tool for MetaTrader 5, designed to simplify order placement, position management, risk calculation, and trade monitoring. Unlike a traditional Expert Advisor that automatically generates trading signals, Trade Assistant MT5 focuses on helping traders manage their trades more efficiently and professionally.

The tool provides an intuitive on-chart trading panel that allows users to calculate the appropriate position size based on their selected risk, define Stop Loss and Take Profit levels, manage open and pending orders, and apply different trailing stop methods.

One of its key features is the Line Function, which displays the Opening Price, Stop Loss, and Take Profit directly on the chart. Traders can visually adjust these levels before placing an order and immediately understand the potential risk and reward of the trade.

Trade Assistant MT5 is suitable for discretionary traders, technical traders, and anyone looking for a powerful MT5 trade management and risk management tool.

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About the Developer

• Author: Evgeniy Kravchenko
• Experience: Over +8 years of experience on MQL5.
• Notable Products Trade Assistant MT5, Trade Assistant MT4 and other advisors.
• Flagship Product: Trade Assistant MT5 is rated as the best performing product of the year.

>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

>>Reviewed by Jason Stap <<

Key Features of Trade Assistant MT5

Risk-Based Lot Calculation

Trade Assistant MT5 can automatically calculate the required trading volume according to the selected risk level and Stop Loss distance.

Users can define risk as a percentage or monetary value, allowing the position size to be adjusted according to the trader’s predefined risk parameters.

Available risk calculation modes include:

• $ Currency
• % Balance
• % Equity
• % Free Margin
• % Custom
• % Account Balance Previous Day
• % Account Balance Previous Week
• % Account Balance Previous Month

The Lot Calc button can be used to enable or disable automatic risk-based lot calculation.

Line Function

The Line Function displays important trade levels directly on the chart:

• Opening Price
• Stop Loss
• Take Profit

This makes it easier to visually plan a trade before execution. Traders can adjust the levels on the chart and evaluate the potential risk-to-reward relationship before placing the order.

Risk-to-Reward Calculation

Trade Assistant MT5 includes an R/TP and R/SL function for defining the relationship between potential profit and potential loss.

For example:

• 1:1 – Take Profit is equal to Stop Loss.
• 2:1 – Take Profit is twice the size of Stop Loss.
• 3:1 – Take Profit is three times the size of Stop Loss.

The RR function can be switched on or off according to the trader’s preference.

Market and Pending Orders

The trading panel supports both:

• Market Orders
• Pending Orders

This allows traders to manage different trading strategies from a single interface.

Partial Close

The partial closing function allows traders to close a percentage of an open position instead of closing the entire trade.

This can be useful for securing partial profits while keeping the remaining position open for a potential larger market movement.

Seven Trailing Stop Methods

Trade Assistant MT5 provides seven different methods for managing Stop Loss:

1. Trailing Stop by Pips
2. Fractal Trailing
3. Moving Average Trailing
4. Parabolic SAR Trailing
5. ATR Trailing
6. Partial Close Trailing
7. High-Low Bar Trailing

This gives traders flexibility to choose a Stop Loss management method that matches their trading strategy.

Breakeven Function

The Breakeven feature can move the Stop Loss to a level that protects the position from turning into a loss after the trade moves favorably.

Limit Order Trailing

Limit Order Trailing allows pending limit orders to follow the market at a predefined distance.

OCO Orders

The One-Cancels-the-Other (OCO) function can automatically cancel other pending orders when one of the specified orders is activated.

Virtual Pending Orders

The tool supports virtual pending orders, providing additional flexibility for traders who want to manage pending entries through the trading panel.

Virtual Stop Loss and Take Profit

Trade Assistant MT5 supports virtual Stop Loss and Take Profit, allowing traders to hide SL and TP levels from the broker’s order system.

Time-Based Trade Management

The Trade Time Manager allows traders to schedule specific opening or closing times for trades.

Profit-Based Position Closing

The tool can automatically close positions when a specified profit target is reached.

Symbol Switching

The Symbol Switch function allows users to change the symbol displayed on the current chart.

It can also be configured to operate across multiple charts.

Hotkeys

Trade Assistant MT5 supports hotkeys for frequently used trading and chart-management functions, helping traders execute actions more efficiently.

Support and Resistance Notifications

The tool can notify traders when predefined support and resistance levels are broken, providing an additional way to monitor important market events.

Automatic Screenshots

Trade Assistant MT5 can capture screenshots of the chart either manually by clicking the toolbar button or automatically according to the available settings.

How Does Trade Assistant MT5 Work?

Trade Assistant MT5 operates as an on-chart trading and position management panel within MetaTrader 5.

Before entering a trade, the trader can use the Line Function to define the desired entry level, Stop Loss, and Take Profit directly on the chart.

The built-in risk calculator then determines the appropriate position size based on the selected risk model and Stop Loss distance.

For example, a trader can specify a maximum risk of 1% of account equity and define a particular Stop Loss distance. Trade Assistant MT5 can then calculate the appropriate lot size based on those parameters.

After the position is opened, the tool provides multiple management functions, including:

• Partial closing
• Trailing Stop
• Breakeven
• Virtual Stop Loss
• Virtual Take Profit
• Time-based closing
• Profit-target closing
• Pending order management

This makes Trade Assistant MT5 more than a simple order-entry tool. It acts as a centralized trade management assistant for discretionary trading.

Why Choose Trade Assistant MT5?

Trade Assistant MT5 may be a useful solution for traders who want greater control over risk, order execution, and position management without manually calculating every trade parameter.

Professional Risk Management

The built-in position sizing calculator can help traders determine lot size according to a predefined risk level and Stop Loss distance.

Faster Order Placement

The on-chart trading panel makes it possible to prepare and place trades without repeatedly entering values through the standard MT5 order window.

Flexible Trade Management

With seven trailing stop methods, partial closing, breakeven, OCO orders, and other management features, traders have multiple ways to control open positions.

Visual Trade Planning

The Line Function allows traders to see entry, Stop Loss, and Take Profit levels directly on the chart before executing an order.

Suitable for Different Trading Styles

Because the tool focuses on trade execution and management rather than a single trading strategy, it can be used alongside many discretionary and technical trading approaches.

Centralized Trading Controls

Many frequently used functions are available from a single interface, helping reduce the need to switch between different MT5 windows and menus.

Trade Assistant MT5 Performance Review

Trade Assistant MT5 Review

Trade Assistant MT5 Setting

Performance and Risk Management

Trade Assistant MT5 is primarily a trade management and risk management tool, rather than an automated strategy designed to generate trading signals or guarantee profits.

Its main advantage is the ability to help traders apply predefined risk parameters consistently.

The risk calculator can determine position size according to:

• Account balance
• Account equity
• Free margin
• Custom risk values
• Previous day balance
• Previous week balance
• Previous month balance
• Monetary risk

The ability to calculate lot size according to Stop Loss distance can help traders maintain more consistent risk across trades.

The Risk-to-Reward function can also help traders establish predefined relationships between potential profit and potential loss.

However, risk calculation does not eliminate trading risk. Actual results can still be affected by market volatility, spread, slippage, liquidity, execution speed, and broker conditions.

Traders should always verify calculated lot sizes and trade parameters before executing a live position.

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Weaknesses and Risk Warnings

Although Trade Assistant MT5 provides many useful trading functions, it is important to understand its limitations.

It Does Not Guarantee Profits

Trade Assistant MT5 is a trading management tool. It does not guarantee profitable trades or provide guaranteed market predictions.

Risk Calculation Depends on Correct Settings

The position-size calculation is only as reliable as the parameters entered by the trader. Incorrect Stop Loss levels, risk settings, account information, or symbol specifications can result in inappropriate trade sizes.

Virtual SL/TP Risks

Virtual Stop Loss and Take Profit levels depend on the trading platform and EA remaining active and functioning correctly. Traders should understand the operational differences between virtual and broker-side protective orders.

Market Volatility

During major news events or extreme market movements, slippage and execution delays can cause actual results to differ from expected calculations.

Over-Management Risk

Having many trade management functions can encourage traders to frequently adjust positions. Excessive manual intervention can negatively affect a previously planned trading strategy.

No Substitute for a Trading Strategy

Trade Assistant MT5 helps execute and manage trades, but traders still need a clear entry strategy, risk management plan, and trading discipline.

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Pros and Cons

Pros

• Comprehensive MT5 trade management tool.
• Built-in risk-based lot calculation.
• Supports multiple risk calculation methods.
• Visual Entry, Stop Loss, and Take Profit lines.
• Supports market and pending orders.
• Partial position closing.
• Seven different trailing stop methods.
• Breakeven functionality.
• Limit Order Trailing.
• OCO order management.
• Virtual pending orders.
• Virtual Stop Loss and Take Profit.
• Time-based trade management.
• Profit-target position closing.
• Symbol switching functionality.
• Hotkey support.
• Support and resistance breakout notifications.
• Automatic chart screenshots.
• Suitable for discretionary and technical traders.

Cons

• Does not guarantee profitable trading results.
• Requires correct configuration and risk settings.
• Virtual SL/TP requires the trading tool to remain operational.
• Advanced features may require time to learn.
• Traders remain responsible for selecting appropriate entries.
• Slippage and market volatility can affect actual execution.
• It should not be considered a replacement for a complete trading strategy.

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How to Install Trade Assistant MT5

Installing Trade Assistant MT5 on MetaTrader 5 is straightforward.

Step 1: Install MetaTrader 5

Download and install the MetaTrader 5 trading platform from your broker or official MetaTrader source.

Step 2: Open the MT5 Data Folder

In MetaTrader 5, go to:

File → Open Data Folder

Then navigate to:

MQL5 → Experts

Step 3: Copy the EA File

Copy the Trade Assistant MT5 file into the Experts folder.

Step 4: Restart MetaTrader 5

Restart the MT5 platform or refresh the Expert Advisors section in the Navigator window.

Step 5: Attach Trade Assistant to a Chart

Open the desired trading chart and timeframe, then drag Trade Assistant MT5 from the Navigator window onto the chart.

Step 6: Configure the Settings

Set the required parameters, including:

• Risk calculation method
• Risk percentage or monetary amount
• Stop Loss
• Take Profit
• Risk-to-Reward ratio
• Trailing Stop method
• Breakeven settings
• Trade management options

Step 7: Test Before Live Trading

Before using Trade Assistant MT5 with real money, test its functions on a demo account.

Pay particular attention to position-size calculations, virtual Stop Loss and Take Profit behavior, partial closing, trailing functions, and broker execution.

Real User Reviews and Feedback

🔺Trade Assistant MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

User Reviews

What’s Included in the Download Package?

• Setting (If Any).docx
• Installation Guide.docx

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Final Thoughts

In summary, Trade Assistant MT5 is a versatile MetaTrader 5 trading and risk management tool designed to make order placement and position management more efficient.

Its combination of risk-based lot calculation, visual trading lines, market and pending order support, partial closing, seven trailing stop methods, breakeven, OCO orders, virtual SL/TP, time management, and profit-based closing makes it a comprehensive solution for discretionary traders.

Rather than attempting to predict the market, the tool focuses on helping traders execute and manage their own strategies with greater precision and consistency.

For traders who want a centralized MT5 trade assistant with advanced risk management and order management features, Trade Assistant MT5 can be a useful addition to their trading workflow.

However, no trading tool can eliminate market risk. Always test the software on a demo account, verify all settings, use appropriate position sizing, and maintain a disciplined risk management plan before trading with real capital.