Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator
Info
The Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator is a Expert Advisor for MetaTrader 5 that quantora risk calculator mt5professional trade risk and reward calculator for metatrader 5quantora risk calculator mt5 is a professional open-source trading utility designed to calculate the financial risk of a planned trade before it is opened. By using the selected symbol, trade direction, lot size, entry price, Stop Loss and Take Profit levels, the tool calculates how much money is at risk, what percentage of the account is exposed and how much potential profit the trade may generate.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Quantora Risk Calculator MT5 - Professional Trade Risk and Reward Calculator
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
Quantora Risk Calculator MT5Professional Trade Risk and Reward Calculator for MetaTrader 5Quantora Risk Calculator MT5 is a professional open-source trading utility designed to calculate the financial risk of a planned trade before it is opened.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Trade Manager MT5: Advanced Position Management - another powerful expert for MetaTrader 5 traders.
Quantora Risk Calculator MT5Also recommended: Quantora Break Even Manager MT5 - Automated Stop Loss Protection - similar expert with strong performance on MetaTrader 5.
Professional Trade Risk and Reward Calculator for MetaTrader 5
Quantora Risk Calculator MT5 is a professional open-source trading utility designed to calculate the financial risk of a planned trade before it is opened.
By using the selected symbol, trade direction, lot size, entry price, Stop Loss and Take Profit levels, the tool calculates how much money is at risk, what percentage of the account is exposed and how much potential profit the trade may generate.
It also evaluates the trade’s reward-to-risk ratio, estimated margin requirement and overall risk level through a modern Quantora dashboard.
Main Features
Money Risk Calculation
Calculates the estimated monetary loss if the Stop Loss is reached.
Account Risk Percentage
Shows what percentage of the selected account value is being risked.
Potential Profit Calculation
Calculates the estimated monetary profit if the Take Profit level is reached.
Reward-to-Risk Ratio
Displays the relationship between potential profit and potential loss.
Buy and Sell Support
Supports calculations for:
BUY trades
SELL trades
Flexible Account Base
Choose between:
Account Balance
Account Equity
Custom Account Value
Flexible Symbol Selection
Use:
Current chart symbol
Custom symbol
Complete Trade Inputs
Configure:
Lot Size
Entry Price
Stop Loss Price
Take Profit Price
Trade Direction
Risk Level Classification
The tool automatically classifies the calculated account risk:
Excellent
Safe
Moderate
Aggressive
Dangerous
The classification levels can be adjusted through the Expert Advisor inputs.
Margin Analysis
The calculator displays:
Estimated Margin Requirement
Margin as a percentage of Free Margin
Margin Status
Position Value
A warning is shown when the estimated margin usage exceeds the configured threshold.
Professional Quantora Dashboard
The dashboard displays:
Status
Account Base
Account Base Type
Symbol
Trade Direction
Lot Size
Spread
Entry Price
Stop Loss Price
Take Profit Price
Stop Loss Distance
Take Profit Distance
Money Risk
Risk Percentage
Potential Profit
Reward-to-Risk Ratio
Risk Level
Margin Requirement
Margin / Free Margin Percentage
Margin Status
Position Value
Dashboard Controls
Recalculate
Reset Status
Compatible Markets
Forex
Gold — XAUUSD
Indices
Crypto CFDs
Advantages
- Know the financial risk before entering a trade
- Automatic account risk percentage calculation
- Potential profit calculation
- Reward-to-Risk analysis
- Adjustable risk classification system
- Estimated margin requirement
- Margin warning system
- Balance, Equity or Custom Account Value
- BUY and SELL support
- Current or Custom Symbol support
- Professional Quantora dashboard
- Low CPU usage
- Broker-compatible symbol calculations
- Open-source code
- Easy future customization
How It Works
The tool calculates the price distance between the selected Entry Price and Stop Loss.
This distance is converted into a monetary value using the symbol’s tick size, tick value and selected lot size.
The result is then compared with the selected account value to calculate the account risk percentage.
When a Take Profit level is entered, the tool also calculates the potential profit and Reward-to-Risk ratio.
Important Information
This utility does not open trades, does not place orders and does not generate trading signals.
Its purpose is to provide an estimated risk analysis based on the entered trade parameters and symbol information received from the broker.
Broker specifications, execution conditions and account currency conversions may affect actual trading results. Always verify calculations before placing a live order. Updated for 2026.
You may also like: Quantora Position Size Calculator MT5: Professional Risk-Based Lot Size Calculation - excellent alternative for expert users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
enum ENUM_Q_ACCOUNT_BASE
{
Q_USE_BALANCE = 0,
Q_USE_EQUITY = 1,
Q_CUSTOM_VALUE = 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.