Mentfx Mmanage MT5 (Official version) | Unbounded

Product Overview

Mentfx Mmanage MT5 is an advanced Trade Manager for MetaTrader 5 designed to simplify position sizing, order placement, risk calculation, trade management, and partial trade closing.

Unlike a traditional Expert Advisor that automatically searches for market signals and opens trades according to a predefined strategy, Mentfx Mmanage MT5 is primarily a manual trading and trade-management tool. It helps traders turn their planned entry and Stop Loss levels into a structured trade setup with calculated risk and position size.

The main concept is simple: draw your desired entry and Stop Loss on the chart, and the Trade Manager calculates the necessary trading parameters based on your selected risk percentage.

The tool supports both market orders and limit orders, while accounting for spread when calculating the order setup. It also provides advanced targeting and partial-position management, allowing traders to manage existing trades without having to manually calculate every parameter.

With convenient hotkey functionality and a drag-and-drop interface, Mentfx Mmanage MT5 is designed to make trade execution and management faster, more consistent, and easier to control.

• Vender website
• Join our Channel Telegram

About the Developer

• Author: Anton Jere Calmes.
• Experience: Over +3 years of experience on MQL5.
• Notable Products: Mentfx Mmanage MT5, Mentfx Mmanage MT4 and other advisors.
• Flagship Product: Mentfx Mmanage 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 <<

Main Features of Mentfx Mmanage MT5

Drag-and-Drop Trade Management

Mentfx Mmanage MT5 uses a visual chart-based interface that allows traders to create trade setups directly on the chart.

Instead of manually entering multiple numbers, traders can visually define:

• Entry level
• Stop Loss level
• Risk percentage
• Target levels

The Trade Manager then calculates the relevant trade parameters automatically.

Automatic Risk Calculation

One of the key functions of Mentfx Mmanage MT5 is automated risk calculation.

After selecting the desired entry and Stop Loss, the tool can calculate the appropriate position size according to the trader’s specified percentage risk.

This can help reduce manual calculation errors and maintain more consistent risk across different trades.

Market Orders

The Trade Manager supports market order execution, allowing traders to enter a position immediately when their trading conditions are met.

Limit Orders

Mentfx Mmanage MT5 also supports limit orders, allowing traders to plan entries at specific price levels rather than entering immediately at the current market price.

Spread-Aware Order Placement

The tool factors spread into its order calculations, which can be particularly useful when planning entries and Stop Loss levels around the current market price.

Accounting for spread can help traders better understand the practical execution conditions of their planned trade.

Advanced Trade Targeting

Mentfx Mmanage MT5 provides advanced targeting functionality that allows traders to define and manage multiple potential trade targets.

This can be useful for traders who use structured take-profit plans rather than closing an entire position at a single price.

Partial Trade Closing

The tool allows traders to close portions of an open position directly through the Trade Manager.

For example, a trader can take partial profit at one target while keeping the remaining position open for a later target.

Hotkey Setup

The built-in hotkey functionality is designed to make trade management faster.

Instead of repeatedly navigating through menus, traders can use configured keyboard shortcuts to access important trade-management functions.

Visual Chart Interface

The tool is designed around direct interaction with the trading chart, making trade planning more visual.

Traders can see their intended entry, Stop Loss, and target structure directly alongside price action.

Manage Trades While Away

Because the Trade Manager can automate certain aspects of position management, traders can define their management plan in advance rather than manually adjusting every position continuously.

However, this does not eliminate the need for appropriate account monitoring and risk control.

How Does Mentfx Mmanage MT5 Work?

Mentfx Mmanage MT5 is designed around a simple visual workflow.

Step 1: Define Your Entry

The trader identifies where they want to enter the market and draws the desired entry level directly on the chart.

Step 2: Define the Stop Loss

The trader then places the Stop Loss at the level that represents the invalidation point of the trading idea.

Step 3: Select the Risk Percentage

The trader specifies the percentage of account equity or balance they are willing to risk on the trade according to the available settings.

Step 4: Automatic Position-Size Calculation

Based on the entry price, Stop Loss distance, account information, and selected risk percentage, the tool calculates the appropriate position size.

This removes much of the manual lot-size calculation normally required before placing a trade.

Step 5: Select the Order Type

The trader can choose between supported order types, including:

• Market Order
• Limit Order

The tool also factors spread into the relevant calculations.

Step 6: Place the Trade

Once the setup is confirmed, the Trade Manager can execute or place the selected order according to the defined parameters.

Step 7: Manage the Position

After the trade is active, the trader can use the management features to monitor targets and close portions of the position.

This allows a trader to follow a predefined trade-management plan without manually calculating every partial close.

Why Choose Mentfx Mmanage MT5?

Mentfx Mmanage MT5 may be useful for traders who already have their own trading strategy but want a more efficient way to execute and manage trades.

Instead of providing market-entry signals itself, the tool focuses on the operational side of trading.

Key advantages include:

• Visual drag-and-drop trade setup
• Automatic position-size calculation
• Percentage-based risk management
• Market order support
• Limit order support
• Spread-aware calculations
• Advanced target management
• Partial-position closing
• Hotkey functionality
• Direct chart interaction
• Reduced manual calculations
• Suitable for discretionary and systematic manual traders

This makes the tool particularly relevant for traders who already know where they want to enter and where their Stop Loss should be, but want the platform to handle the mathematical and execution-related details.

Mentfx Mmanage MT5 Review

• Hotkey-Based Trade Control: Instantly toggle On/Off, activate breakeven, close partial positions, or close all trades with high-speed hotkey execution.
• Efficient Partial Profit Taking: Secure profits quickly by closing a customizable percentage of your open positions with one keystroke.
• Instant Breakeven Adjustment: Protect your trades immediately by shifting stop-loss to breakeven using a dedicated hotkey.
• Flexible Stop-Loss Management: Set or modify stop-loss levels manually or through automated tools for more precise risk control.
• Streamlined Discretionary Trading: Enhance trade management speed and accuracy with optimized hotkeys designed for fast, responsive decision-making.

Mentfx Mmanage mt5 Reviews

Mentfx Mmanage mt5 EA Reviews

Mentfx Mmanage mt5 EA Review

Mentfx Mmanage EA mt5 Review

Real User Reviews and Feedback

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

User Reviews

Performance and Risk Management

Mentfx Mmanage MT5 is primarily a trade execution and management tool, so its effectiveness depends heavily on the trader’s underlying strategy and decisions.

The tool does not automatically transform a losing trading strategy into a profitable one. Instead, its purpose is to make trade planning and risk management more structured.

Percentage-Based Risk

The ability to define risk as a percentage allows traders to maintain a consistent risk framework across different trades.

For example, instead of manually selecting the same lot size for every position, the position size can be calculated according to the distance between entry and Stop Loss.

Position Size and Stop Loss

The distance between the entry and Stop Loss directly affects the position size required for a specific percentage risk.

A wider Stop Loss generally requires a smaller position size to maintain the same account-level risk, while a tighter Stop Loss may result in a larger calculated position.

Partial Profit Management

Partial closing can help traders implement multi-target strategies.

A trader may choose to close part of a position at an initial target while allowing the remaining position to continue toward another target.

Spread Consideration

The tool’s spread-aware order functionality can help account for the difference between bid and ask prices when planning trades.

However, actual execution can still differ because spreads may change rapidly during volatile or low-liquidity conditions.

Important Risk Considerations

Even with automated calculations, traders remain responsible for:

• Choosing appropriate risk percentages
• Selecting logical Stop Loss levels
• Understanding leverage
• Monitoring margin requirements
• Accounting for spread and slippage
• Maintaining sufficient account equity

Risk-management tools reduce manual errors, but they do not eliminate trading risk.

Weaknesses and Risk Warnings

It Is Not a Trading Strategy

Mentfx Mmanage MT5 is a Trade Manager, not a complete automated trading strategy.

It does not replace the need for a valid market-analysis and entry methodology.

Trader Decisions Still Matter

The tool calculates and executes based on the parameters supplied by the trader. If the entry or Stop Loss is poorly chosen, accurate position sizing cannot make the underlying trade idea safer.

Spread Can Change

Although the tool accounts for spread in its calculations, live spreads can expand rapidly during major news releases, market openings, or periods of reduced liquidity.

Slippage Is Possible

The actual execution price may differ from the expected price, particularly during volatile market conditions.

Leverage and Margin Risk

Position-size calculations should always be considered alongside the account’s leverage and available margin.

A mathematically calculated position size may still be unsuitable if the account does not have sufficient free margin.

Technology Risk

Because the tool depends on MetaTrader 5 and the trading environment, traders should consider platform connectivity, VPS availability, broker execution, and internet reliability when using automated trade-management functions.

Manual Trading Knowledge Is Required

Users should understand basic concepts such as:

• Entry price
• Stop Loss
• Take Profit
• Position sizing
• Risk percentage
• Spread
• Slippage
• Margin

Risk Warning: Forex, CFDs, and leveraged financial products involve substantial risk. Mentfx Mmanage MT5 is a trading-management tool and does not guarantee profitable results. Traders should use appropriate risk controls and test the tool before relying on it in live trading.

Pros and Cons

Pros

• Designed specifically for MetaTrader 5
• Drag-and-drop trade management
• Visual chart-based workflow
• Automatic position-size calculation
• Percentage-based risk management
• Supports market orders
• Supports limit orders
• Factors spread into order calculations
• Advanced trade targeting
• Partial-position closing
• Hotkey functionality
• Reduces manual risk calculations
• Useful for traders with their own entry strategy
• Helps create a more structured trade-management process

Cons

• Does not provide a complete trading strategy
• Trading results depend on the user’s underlying strategy
• Incorrect entry or Stop Loss placement can still result in losses
• Spread and slippage can affect actual execution
• Requires understanding of risk management
• Leverage and margin conditions vary between brokers
• Automated management features still depend on MT5 and broker connectivity

How to Install Mentfx Mmanage MT5

Step 1: Download the Trade Manager

Download the Mentfx Mmanage MT5 files from the official product source.

Step 2: Open MetaTrader 5

Launch MetaTrader 5 and log in to the account where you want to use the Trade Manager.

Step 3: Open the Data Folder

Inside MT5, select:

File → Open Data Folder

Then navigate to the appropriate:

MQL5 → Experts

folder.

Step 4: Copy the EA Files

Place the Mentfx Mmanage MT5 files into the appropriate MT5 Expert Advisors directory.

Step 5: Restart or Refresh MT5

Restart MetaTrader 5 or refresh the Expert Advisors section in the Navigator panel.

Step 6: Open Your Trading Chart

Open the instrument and timeframe where you want to plan your trade.

Step 7: Attach Mentfx Mmanage

Locate Mentfx Mmanage MT5 under:

Navigator → Expert Advisors

Drag the Trade Manager onto the desired chart.

Step 8: Enable Algo Trading

Make sure Algo Trading is enabled and that the EA has the required permissions.

Step 9: Configure Hotkeys and Risk

Set your preferred risk percentage and configure the available hotkey options according to your trading workflow.

Step 10: Test the Tool

Before using the Trade Manager with significant live capital, test its order placement, position-size calculations, Stop Loss, target management, and partial-closing functionality on a demo account.

What’s Included in the Download Package?

🔺 Experts:

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

>>> Join VIP Membership Now <<<

Final Thoughts

In summary, Mentfx Mmanage MT5 is an advanced Trade Manager for MetaTrader 5 designed to simplify the practical side of trading. Rather than generating its own market signals, the tool allows traders to define their intended entry and Stop Loss directly on the chart and then automatically calculate the required position size according to a chosen risk percentage.

Its combination of drag-and-drop functionality, market and limit orders, spread-aware calculations, advanced targeting, partial-position closing, and hotkeys can make trade execution and position management more structured.

The main value of the tool is its ability to reduce repetitive calculations and help traders apply a predefined risk-management plan more consistently.

However, Mentfx Mmanage MT5 should be viewed as a trade-management solution rather than a standalone trading strategy. The quality of the underlying trade setup, entry decision, Stop Loss placement, and overall risk management remains the responsibility of the trader.

For traders who already have a defined trading methodology and want a more efficient way to calculate risk, place orders, and manage open positions, the tool provides a visual and practical workflow within MetaTrader 5.