EA Dashboard MT5 (MT5) — review, price and free alternatives

What makes EA Dashboard MT5 unique is its monitoring-first design rather than automated execution. Developed by Teerathad Booranawisedkul, the utility centralizes balance, equity, margin level, free margin and symbol exposure so users can identify concentration risks and session-level P/L without switching windows. Configurable panels, threshold alerts and exportable summaries make the tool useful for both discretionary traders and analysts who require consistent reporting across accounts.

The internal processing aggregates trade table entries, computes rolling win/loss averages, calculates drawdown curves and builds correlation matrices and heatmaps. EA Dashboard MT5 supports adjustable sample windows such as 50, 200, or 500 trades and offers session filtering by time of day. It does not place orders; instead it surfaces metrics that help traders decide when to adjust position sizing or close exposure.

EA Dashboard MT5 handles liquid forex majors and common CFD symbols best, where update frequency and stable spreads deliver accurate short-term statistics. The expected performance characteristic is improved situational awareness: faster reaction to adverse moves, clearer evidence for manual trade adjustments, and less time spent aggregating platform data manually.

EA Dashboard MT5 itself carries no trading risk because it does not execute orders; its risk profile is informative and ranges from conservative to moderate depending on how users act on the data. The tool supports stop loss tracking by exposing current SL levels and margin impact but does not enforce stops, so traders must implement fixed stop loss rules such as 0.5–2% risk per trade. Position sizing recommendations should follow fixed fractional sizing or risk-per-trade formulas; the dashboard makes it easier to calculate dollar risk and required margin. Vulnerabilities include reliance on broker trade table accuracy during high-volatility news events and reduced reliability on illiquid symbols. Recommended account size depends on instruments, but a $1,000 minimum for retail forex use is sensible to avoid margin noise when monitoring exposure via EA Dashboard MT5.

Install EA Dashboard MT5 by copying the EX5 or MQ5 file into the MQL5/Experts folder and restarting the MT5 terminal. Configure key parameters such as refresh interval, sample window size, alert thresholds, and which symbols to monitor. Use low-spread ECN or STP brokers for cleaner margin and equity calculations. Test on a demo account for at least 30 days and 200–500 trade-history entries before using with substantial capital.