MSB Pro ALGO Position Risk Monitor for MT5
Info
The MSB Pro ALGO Position Risk Monitor for MT5 is a Indicator for MetaTrader 5 that msb pro algo position risk monitor is a free visual risk monitoring indicator for metatrader 5. The indicator analyzes open positions and displays their stop-loss risk directly on the chart.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use MSB Pro ALGO Position Risk Monitor for MT5
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
MSB Pro ALGO Position Risk Monitor is a free visual risk monitoring indicator for MetaTrader 5.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Prop Firm Risk Calculator: Position Sizing and Loss Limits - another powerful indicator for MetaTrader 5 traders.
MSB Pro ALGO Position Risk Monitor is a free visual risk monitoring indicator for MetaTrader 5.Also recommended: Gold Position Size Calculator (XAUUSD) for MT5 - similar indicator with strong performance on MetaTrader 5.
The indicator analyzes open positions and displays their stop-loss risk directly on the chart.
Main Features:
- Total known open risk
- Account risk percentage
- Number of positions with and without Stop Loss
- Total open positions and lot size
- Protected/breakeven Stop Loss count
- Maximum single-position risk
- Individual position risk table with symbol, position type, lot size, Stop Loss price, monetary risk, and risk percentage
- LOW RISK/MODERATE RISK/HIGH RISK status indication
- Warning for positions without Stop Loss
- Automatic refresh
- Customizable risk thresholds and colors
Risk calculations are based on broker symbol specifications and MetaTrader 5 profit calculation functions.
Risk percentage is relative to account equity or balance.
A Stop Loss at or beyond the entry price is considered protected, showing zero remaining risk.
If a position has no Stop Loss, the dashboard warns of unbounded downside risk while displaying known risk for positions with Stop Loss.
This indicator is read-only and does not execute trades or strategies.
It can work with MSB Pro ALGO Neon Account Dashboard, positioning itself beside the dashboard on the same chart when Auto Coexist is enabled.
No DLLs, WebRequest, external APIs, or additional files are needed.
Installation:
1. Download the indicator.
2. Open MetaTrader 5.
3. Attach the indicator to any chart.
4. It will automatically analyze open positions.
5. Adjust panel position, refresh interval, and risk thresholds from the Inputs tab if needed.
Inputs:
InpPanelX: Horizontal panel position on the chart (default: 18)
InpPanelY: Vertical panel position on the chart (default: 38)
InpRefreshSeconds: Refresh interval in seconds (default: 1)
InpMaxRows: Maximum displayed open positions (default: 6)
InpAutoCoexist: Auto-positioning with Neon Account Dashboard (default: true)
InpLowRiskPct: Upper threshold for LOW RISK (default: 2.00)
InpHighRiskPct: Threshold for HIGH RISK (default: 5.00)
InpAccentColor: Main neon accent color
InpAccentSoft: Secondary accent color
InpProfitColor: Color for protected/positive information
InpWarningColor: Color for warnings and moderate risk
InpLossColor: Color for high-risk alerts
You may also like: MSB Pro Algo Neon Account Dashboard for MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.03"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_plots 0
input int InpPanelX = 18;
input int InpPanelY = 38;
input int InpRefreshSeconds = 1;
input int InpMaxRows = 6;.......
⚠ 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.