Five MetaTrader 5 risk and order utilities that watch positions and orders and act on fixed rules. Every check ran on a demo terminal or a Strategy Tester virtual account, never on a live account.
The problem
Account rules slip during trading, from missing stop losses to a daily loss limit nobody enforces.
Journey
- Five utilities tested on demo and in the Strategy Tester, with screenshots of 10 Nov 2026.
- A News Guard run on a real USD CPI release (10 Nov 2026) is being evaluated.
- Next in line: Trade Panel, Trade Journal, Prop Challenge Tracker and Local Trade Copier.
My role
Nguyễn Hải Minh designed and built the utilities together with AI, working with Claude and Codex.
Tools and stack
- MQL5 and MetaTrader 5
- MT5 Strategy Tester and demo terminals
Checked
- Open Position SL Audit: no-SL detection, adding/closing, risk sum, restart, bad inputs.
- Net Currency Exposure Panel, netting demo: partial close, close, USD values match the calculation.
- Pending Order Expiry Manager: listing, automatic timer and deletion (62 s test).
- News Guard (15 minutes before and after an event): window start/end, closing existing and new positions, deleting pending orders, currency and impact filters.
- Equity Protector: lock on money limit, new positions closed within 3 s, lock kept after restart. The loss at lock time can slightly exceed the limit.
Not checked
- SL Audit: far/risk flags, freeze-lock flag, CSV export, multi-symbol, hedging. Exposure Panel: cross pairs, metals/indices, CSV export, hedging. Expiry Manager: panel buttons, countdown restart, hedging.
- News Guard: break-even move, per-chart scope, magic filter, alerts. Equity Protector: percent/drawdown limits, daily target, new-day reset.
- Trade Panel buttons; Trade Journal statistics (only the closed-trade table and count checked); Prop Challenge Tracker; Local Trade Copier.
What can be observed
Five Strategy Tester screenshots, one per utility.
FAQ
What are the MT5 risk and order utilities?
They are five MetaTrader 5 tools: SL Audit, Net Currency Exposure Panel, Pending Order Expiry Manager, News Guard and Equity Protector.
Were the MT5 utilities tested on a live account?
No. All checks ran on demo terminals or Strategy Tester virtual accounts.
What does Equity Protector do when the daily limit is hit?
It locks the account state and closes new positions within 3 seconds, and the lock survives a restart.