Game-Changing Risk Management Software: Trade Assistant MT5

This is a game changer. Trade Assistant MT5 is a risk management software that makes setting up any trade incredibly simple. All you have to do is drag and click. The software will automatically calculate your lot sizes and show you exactly how much you are risking on the trade and your potential profit.

Key Features

• Auto Calculations: Automatically calculates your lot sizes, showing exactly what you risk and what you stand to gain.
• Daily Drawdown Protection: Helps you avoid accidentally hitting your daily drawdown limit, giving you peace of mind.
• Market, Stop, and Limit Orders: Easily set up Market, Stop, and Limit orders simply by dragging and dropping the trade setup on the chart.
• Break Even Assist: This feature automatically moves your stop loss (SL) to break even once a certain profit level is reached.
• Customizable Trailing Stop: Fully customizable trailing stop features, allowing you to trail your SL by a pip range or behind a specific moving average, ATR, high/low of the previous bar, and more.

Compatibility and Usage

Trade Assistant MT5 only works on the MT5 platform. If your prop firm does not offer MT5 but you still want to use this software, consider running an MT5 demo MASTER account through providers like Alpari and using a trade copier that supports MT5 to CTrader or MT5 to DXTrade, etc.

Caution with Trade Copiers

Be cautious when using trade copiers as they can occasionally bug out. Always monitor them closely to ensure they are functioning correctly. To avoid this issue, choose prop firms that offer MT5 if you want to fully leverage the Trade Assistant software.

Prop Firm Compliance

It's important to note that your prop firm must allow the use of Expert Advisors (EAs) because even a risk manager like Trade Assistant MT5 will be identified as an EA in their data feedback.

Useful Links

• Trade Assistant MT5: Trade Assistant
• Trade Copier I Use MT5 to MT5, Ctrader: Remote Trade Copier Unlimited
• Trade Copier I Use MT5 to MatchTrader, Tradelocker, DXTrade and MT4 : https://danetrades.com/
• MT5 Demo Account I use as master: https://alpari.com/en/
• YouTube Tutorial for Trade Assistant: https://www.youtube.com/watch?v=pOvCil5CCag