Risk Manager Lot Calculator (MT5) — review, price and free alternatives

What the developer claims

• You set your risk as a percentage of the account or as a fixed money amount, and you set your stop loss by pips, by price, or by dragging a line on the chart.
• The panel then shows the correct position size, the money at risk, the pip value and, when you add a take profit, the reward to risk ratio and the potential profit.

Quoted from the listing. We have not tested these claims.

What to check first

• A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
• Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
• Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
• Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
• Updates and support. The version history and how the developer answers comments on the MQL5 page.