Home / RR TradePanel EA / RR TradePanel Documentation

Installation

  1. Copy RR_TradePanel_EA.ex5 to:
    <MT5 Data Folder>\MQL5\Experts\
  2. Open the chart for the instrument you want to trade.
  3. Drag the EA from the Navigator panel onto the chart or right-click the EA and select "Attach to a chart".
  4. In the EA settings:
    • Configure your preferred inputs
    • Enable Allow Algo Trading
    • Click OK
  5. Ensure the MT5 Algo Trading button is green.
Note: The EA operates on a single chart symbol per instance. For multi-symbol trading, attach a separate EA instance to each chart.

Input Parameters (EA Settings)

Risk Management

  • Enable Automatic Lot Sizing
    Automatically calculates lot size using account balance and risk percentage.
  • Risk Per Trade (%)
    Default: 1.0%
  • Fixed Lot Size
    Default: 0.10

RR Tool Target

  • Default Risk:Reward
    Default: 2.0 — seed ratio used to auto-place the Target line whenever a direction is chosen or the tool is reseeded.

Instant Order (One-Click) SL/TP

A separate SL/TP configuration used only by the one-click Buy/Sell buttons — independent from the RR overlay tool.

  • Enable Stop Loss / Enable Take Profit — both on by default
  • SL/TP Basis — Fixed Pips or ATR Multiple (default: ATR Multiple)
  • Fixed Pips — SL 20.0 / TP 40.0 (used only in Fixed Pips mode)
  • ATR Multiples — SL 1.0× / TP 2.0× ATR(14) (used only in ATR mode)

Execution Settings

  • Trade Comment
    Optional text attached to orders.
  • Enable Popup Alerts
    Displays MT5 popup notifications for events.

Break-Even Settings

  • Break-even trigger by pips or TP percentage
  • Automatic stop movement to entry price
  • Optional profit lock offset

Trailing Stop Settings

  • Trailing activation trigger
  • Trailing distance configuration
  • Trailing step filtering

Partial Close Settings

  • Four TP-side automatic partial closes (TP1–TP4)
  • Two defensive SL-side partial closes (SL1–SL2)
  • All six levels are disabled by default — configured live on the Trade Automation page
  • Default triggers: TP1 20% / TP2 40% / TP3 60% / TP4 80% of target distance; SL1 50% / SL2 80% of stop distance
  • Close Lot mode (default) or Close % mode — switching modes resets close-amount fields to a sane default for that mode
  • Manual Close X% configuration (always a percentage, independent of the TP/SL mode)

RR Tool Appearance

  • Custom RR colours
  • Overlay font sizing
  • RR tool width adjustment
  • Movable panel positioning

Misc

  • EA Magic Number — Default: 77777
  • Maximum Slippage — Default: 5 points

Step-by-Step Trade Planning

Step 1 — Open the Panel

The panel opens automatically when the EA loads. If closed, click the small [RR] button.

Step 2 — Trade setup

Click:

  • button between buy and sell to bring up the RR overlay drawing

The EA then draws:

  • Green block → Take Profit
  • Blue block → Entry
  • Red block → Stop Loss

Step 3 — Set Price Levels

You can configure prices using multiple methods:

  • Drag RR blocks directly on the chart
  • Drag horizontal lines
  • Type prices into the panel
Important: LONG setups require TP above Entry and SL below Entry. SHORT setups require TP below Entry and SL above Entry.

Step 4 — Review Analysis

The panel displays:

  • Live R:R ratio
  • Trade quality badge
  • Estimated reward and risk
  • Calculated lot size
  • Detected order type

Step 5 — Automatic Order Detection

  • Market Order
  • Buy/Sell Stop
  • Buy/Sell Limit

Order type is detected automatically based on entry location relative to market price.

Step 6 — Execute Trade

Click the execution button to place the trade with:

  • Calculated lot size
  • Take Profit
  • Stop Loss

Anchor / Market Price Lock

The RR overlay includes an anchor button (⚓).

  • Anchor ON
    Entry follows live market price automatically.
  • Anchor OFF
    Entry remains fixed at the manually selected price.

RR Lock

The RR Panel also includes an RR Lock toggle 🔒.

  • RR Lock ON
    Captures the current Target:Stop ratio. Dragging either the TP or SL block afterwards automatically rescales the other side to preserve that ratio.
  • RR Lock OFF
    TP and SL move independently.

Order Management Page

Access the management page using the ◄ / ► arrows in the panel header (page 2 of 3) — there is no gear icon.

Exposure Summary

  • Current symbol
  • Open exposure
  • Pending orders
  • Floating P/L

Manual Actions

  • BE Now
  • Trail Now
  • Close X%
  • Cancel Pending
  • Close buy/sell
  • Close Positions

Virtual SL/TP

Virtual SL/TP hides broker-side stop loss and take profit levels.

The EA internally monitors price and closes positions automatically when virtual levels are reached.

  • Broker SL/TP removed
  • Internal EA monitoring
  • Virtual chart lines displayed
  • Automatic market close on trigger
Important: MT5 and the EA must remain running while Virtual SL/TP is enabled.

Automation Controls

  • Auto Break-Even
  • Auto Trailing Stop

Automatic Partial Close Logic

The EA supports six independent partial-close stages, configured on the Trade Automation panel page. All six are disabled by default.

  • TP Partial #1 – #4 (default triggers: 20% / 40% / 60% / 80% of target distance)
  • SL Defensive Partial #1 – #2 (default triggers: 50% / 80% of stop distance)
  • Each level's close amount is interpreted as a lot size in Close Lot mode (default), or a percentage in Close % mode

Each stage only triggers once per position and uses internal tracking variables.

Lot Size Calculation

When automatic lot sizing is enabled:

  1. Risk amount is calculated from account balance
  2. Stop distance is measured in pips
  3. Pip value is calculated
  4. Final lot size is normalised to broker rules

The EA automatically handles 3-digit and 5-digit broker pricing.

Chart Behaviour

  • Chart grid hidden
  • Broker trade levels hidden
  • Chart shift enabled
  • Mouse-drag support for RR blocks

Panel Navigation

  • Header Bar → Drag panel position
  • ◄ / ► → Move between the panel's 3 pages
  • ✕ Button → Collapse panel
  • [RR] → Reopen panel

The 3 panel pages:

  1. RR Tool — direction, price levels, sizing, R:R analysis, execute button
  2. Order Management — exposure summary, manual partial close, cancel/close actions, Virtual SL/TP
  3. Trade Automation — Auto BE/Trailing controls,per-level TP1–4 / SL1–2 configuration, Close Lot vs Close % mode switch

RR Quality Badge Reference

  • POOR → R:R below 1.0
  • OK → R:R between 1.0 – 1.49
  • GOOD → R:R between 1.5 – 1.99
  • GREAT → R:R above 2.0

Known Limitations & Notes

  • Single symbol per EA instance
  • Management applies to all positions on the symbol
  • Virtual SL/TP requires continuous EA operation
  • Global variable tracking persists after restart
  • Broker filling mode compatibility may vary
  • Slippage setting uses points, not pips

Quick-Start Checklist

  • EA compiled successfully
  • Algo Trading enabled
  • EA attached correctly
  • Risk settings reviewed
  • Magic number configured
  • Colours customised if desired
  • Break-even and trailing reviewed
  • Partial close settings reviewed
  • Tested on demo before live use