Frequently asked questions

An Expert Advisor for MetaTrader 5 that turns a trade idea into a correctly sized order and helps you manage it afterwards. You draw Entry, Stop Loss and Take Profit on the chart; SizePlan calculates the lot from the risk you choose, shows the loss and gain in money, and gives you one panel to manage every position and pending order in the account.

No. It has no strategy and never opens a position by itself. Every entry is one you create on the chart and send yourself with a click on BUY or SELL.

The only automatic actions are the ones you switch on for a position: moving the stop to break-even and trailing it. Both are off by default.

With the default settings, SizePlan cannot send anything: EnableTrading is false until you change it, and the panel only plans. We still recommend learning it on a demo account first.

No. SizePlan is built for MetaTrader 5 only.

SizePlan will be distributed through the MQL5 Market, which offers a free demo version of every product for the Strategy Tester. That lets you try the panel before buying.

SizePlan turns your risk choice into a budget in account currency (percent of equity, percent of balance, or a cash amount). It asks MetaTrader how much one lot would lose between your entry and your stop, adds your commission if you entered it, and divides the budget by that loss.

The result is rounded down to the symbol's lot step and checked again with the final volume, so the estimated loss at SL does not exceed your budget. In LOT mode you choose the volume and the panel shows the resulting risk.

SizePlan tells you ("Risk budget is below the minimum volume") and does not send a larger position than your budget allows. Increase the budget, move the stop closer, or switch to LOT mode if you accept the larger risk.

The volume is capped at the maximum and the panel shows the unused part of your budget. Your stop stays exactly where you put it; it is never moved to use up the budget.

They use your broker's own contract data and MetaTrader's profit calculation, so they match what the platform expects. They remain estimates: price gaps, slippage, swaps and commissions not entered in the inputs can change the real result.

Any symbol your broker offers in MetaTrader 5: forex, metals, indices, energies, stocks or crypto CFDs. Tick size, lot limits, stop levels and filling modes are read from each symbol at runtime, so there are no broker or symbol presets to maintain.

Yes. A plan that follows the market price is sent as a market order. A plan with a fixed entry becomes a limit or stop order automatically, depending on which side of the current price the entry is. The BUY or SELL button always shows which type will be sent.

Yes. The Trade Manager shows every position and pending order in the account, whoever opened it. You can change SL, TP and entry, move to break-even, close part or all of a position and cancel orders.

Break-even and trailing for those trades run in the desktop terminal, so SizePlan has to stay attached to a chart there, with Algo Trading on.

Up to five. Each earlier target closes the share of the position you set; the last one is the take profit stored on the order at the broker.

Fixed distance, step distance (moves only after a minimum improvement), previous candle high/low, confirmed swing pivots (with adjustable left and right bars) and ATR (period and multiplier). Distances can be set in points or in R, where 1R is the initial stop distance. The automated stop only ever moves in your favour.

SizePlan does not fight you. It notices the external change, pauses trailing for that position and shows why. You can turn it back on from the Trade Manager.

Before a request is sent, SizePlan stores it. After a restart it compares the stored request with what the terminal actually has (orders, positions and history) and shows the outcome. A request whose result is unknown is never sent a second time automatically, so a reconnect cannot double your position.

Yes. The panel remembers its position and your plan per chart, and break-even and trailing settings are saved per position. You can also save named setups (risk mode, targets, automation) and switch between them in one click; choosing a setup never sends an order.

Yes, both account types are supported.

It offers optional limits: maximum risk per trade, maximum combined risk to SL across open positions, a daily equity-loss limit, a maximum number of positions and a maximum spread. When a limit is reached, SizePlan refuses new entries and says which limit it was.

These are aids, not guarantees. Every firm measures its rules in its own way, and SizePlan is not affiliated with any of them.

No tool can. SizePlan helps you execute your own plan with a known risk; the trading decisions and their results remain yours.