TradeNRisk
MT5 Risk Manager
The Autopilot MT5 Risk Manager for Prop Firm and Funded Traders
TradeNRisk is a dedicated risk manager for MetaTrader 5. It monitors your account 24/7, enforces your daily loss limit, weekly loss limit, and max drawdown the instant they're hit, and auto-closes positions before a single bad trade ends your FTMO, The5ers, or FundingPips evaluation — or your live MT5 account at IC Markets, Pepperstone, PU Prime, Eightcap, Exness, or Forex.com. No EA to install. No user intervention required. Set your rules once and trade normally.
TradeNRisk vs. other MT5 risk management approaches
Most MT5 traders try to manage risk with either manual discipline, broker-side stop losses, or an expert advisor (EA). Here's how each approach compares:
| Capability | Manual discipline | Native MT5 stop loss | Custom MT5 EA | TradeNRisk |
|---|---|---|---|---|
| Per-trade stop loss | Trader must set | Yes | Yes | Yes |
| Account-wide daily loss limit | No | No | If coded | Yes, built-in |
| Weekly loss limit | No | No | Rare | Yes |
| Max drawdown enforcement | No | No | If coded | Yes |
| Auto-lock after breach | No | No | If coded | Yes |
| Runs without MT5 terminal open | No | Yes (broker-side) | No (needs VPS) | Yes (cloud) |
| Emotion-proof enforcement | No | Partial | Yes if coded right | Yes |
| Setup time | 0 min | 1 min / trade | Days to code + test | ~5 min |
| Works on FTMO, The5ers, FundingPips | Yes | Partial | Usually not allowed | Yes, explicitly allowed |
The honest tradeoff: manual discipline is free but fails under pressure; custom EAs are powerful but many prop firms disallow them; native MT5 stop losses are per-trade only. TradeNRisk sits outside your terminal, enforces account-wide rules, and is allowed by major prop firms because it only enforces your own rules — it doesn't trade.
Why MT5 traders use TradeNRisk
- Server-side enforcement — no expert advisor on your PC, no VPS to maintain. Rules run in our cloud 24/7, even when your MT5 terminal is closed.
- Sub-second reaction time — WebSocket connection to the broker, not polling. Equity changes are detected in 100–500 ms.
- Prop-firm rule presets — configure the exact FTMO, The5ers, or FundingPips daily-loss and drawdown numbers once; TradeNRisk enforces them exactly.
- Read-only by default — we only place closing orders when your own risk rules are breached. Your credentials are AES-256 encrypted at rest.
- Works with every live MT5 broker — IC Markets, Pepperstone, PU Prime, Eightcap, Exness, Forex.com, and any MetaTrader 5 broker worldwide.
MT5 risk rules TradeNRisk enforces
Daily loss limit
Auto-close all positions and lock the account for the rest of the trading day when your daily P&L hits a configured threshold. Uses the forex market day (6 PM ET reset) so it aligns with FTMO and most prop firm rules.
Weekly loss limit
Same mechanism, but on a rolling 5-day trading week. Useful for prop firm rules that cap weekly losses.
Max drawdown protection
Configure a drawdown % (e.g., 10% trailing from high-water mark). TradeNRisk closes positions the instant equity hits the floor — preserves the account for another attempt.
Auto breakeven & partials
Move stop loss to entry + configurable offset once a trade reaches a pip target. Take a configured portion of the position off at a chosen R-multiple. Fully automatic.
Position locks
Block new trades after N positions in a day, or outside configured trading hours, or on blocked symbols. Prevents revenge-trading by design.
Daily profit target
Optional — when you hit a profit target, TradeNRisk locks the account so you don't give the day back. Many prop traders swear by this rule.
MT5 risk manager FAQ
Does this replace MT5's built-in stop loss?
No — it adds a policy layer on top. Your broker-side stop losses stay in force. TradeNRisk enforces rules that MT5 doesn't natively support: daily loss limits, weekly limits, account-wide drawdown, and conditional position locks.
Is this allowed by FTMO, The5ers, and FundingPips?
Yes. TradeNRisk is a risk enforcement tool, not a trading EA or copy trader. It only closes positions when your own rules are breached. FTMO, The5ers, and FundingPips all allow external risk tools — and most prop firms actively welcome anything that helps traders stay inside the rules.
What if your monitoring service goes down?
Broker-side stop losses remain in effect. TradeNRisk adds protection; it doesn't replace your base risk management. We maintain 99.9% uptime with redundant monitoring pods.
Do I need to keep MT5 running on my PC?
No. Monitoring happens in our cloud via the MetaApi bridge. You can close your terminal; TradeNRisk keeps watching.
Ready to put your MT5 account on autopilot?
$25/month. One blown prop firm challenge costs more than a year of TradeNRisk.