ProRisk Manager
You trade prop firm accounts and want a daily loss limit that closes all positions, plus a web dashboard to review your trades. You pay a subscription for that.
Comparison · as of 20 Oct 2026
MT5 trade managers compared
We make ProRisk Manager, so we are not neutral. This comparison only uses what the vendors state on their public product pages on 20 October 2026, and every source is linked below the table. If something has changed, write to support@proriskmanager.com and we will correct it.
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| Criterion | ProRisk ManagerCYBX DOO | Forex Trade Manager MT5InvestSoft | Trade Assistant MT5Evgeniy Kravchenko | Position SizerEarnForex |
|---|---|---|---|---|
| Price | $99/month or $997/year | $99 one-time, or $30 for 3 months | $100 one-time, or $30 for 3 months / $50 per year | Free, open source |
| Try before buying | 14 days of PRO, no payment details | Free demo on MQL5 (Strategy Tester) | Free demo on MQL5 (Strategy Tester) | Free |
| Lot size from risk | From risk % of equity and the stop line on the chart | Yes, risk-based | Yes, risk in % or money, several bases | Yes, from entry, stop and risk |
| Breakeven | Yes, trigger as % of the initial risk | Yes, up to 4 levels, also for several trades | Yes | Yes, in points |
| Trailing stop | In steps of the initial risk, group trailing | 6 types (e.g. ATR, moving average, highs/lows) | 7 types (e.g. fractals, ATR, Parabolic SAR) | Yes, in points |
| Partial close | Buttons for 25, 50, 75 or 100% | Partial take profit and stop loss | Yes, by % of the volume | Splits the position into several take-profit levels at entry |
| Daily loss limit with auto-close | Yes: % of the start balance, closes all positions, locks the panel, shared across charts | Equity protection at a set loss or profit; a daily limit is not described | Not described | Not described (risk caps before the trade) |
| Manages trades opened elsewhere | No, only its own positions | Yes, also from the MT5 mobile app and web terminal | Not described | Breakeven and trailing for a chosen magic number |
| Web dashboard / trade journal | Yes: equity curve, calendar, results per symbol | Not described | Not described | No (panel tabs for risk, margin and swaps) |
| Rating on the MQL5 Market | No reviews yet | 4.98 (769 reviews) | 4.43 (282 reviews) | Not listed on the MQL5 Market |
| Version | EA 3.00, October 2026 | 3.70, 18 June 2026 | 10.36, 22 September 2026 | 3.16d, 12 October 2026 |
Sources
- Forex Trade Manager MT5 (InvestSoft): product page
- Trade Assistant MT5 (Evgeniy Kravchenko): product page
- Position Sizer (EarnForex): product page
Checked on 20 October 2026. Prices, ratings and features can change; the vendors' pages are authoritative. Product names are trademarks of their owners.
Which one fits whom
Forex Trade Manager MT5
You want many trailing variants, a one-time price, a version for MT4 as well, and a tool with hundreds of reviews.
Trade Assistant MT5
You want many trailing types and flexible risk bases, and prefer a one-time purchase or a yearly rental.
Position Sizer
You mainly need position sizing and want a free, open-source tool.
ProRisk Manager for MT5
Try ProRisk Manager on your own account
14 days of PRO with every feature, no payment details. Compare it with your current tool on a demo account before you decide.
- 14 days PRO, no payment details
- Test on a demo account first
- Ends by itself
Start your 14-day PRO trial
Frequently asked questions
Which MT5 trade manager suits prop firm challenges?
It depends on what your firm checks. If the daily loss limit is the rule you worry about most, look for a tool that closes all positions at a limit you set. Of the four tools here, only ProRisk Manager describes that on its product page. If you mainly need lot sizing, the free Position Sizer is enough.
Is there a free MT5 trade manager?
Yes. EarnForex's Position Sizer is free and open source. Forex Trade Manager and Trade Assistant offer free demos on the MQL5 Market, and ProRisk Manager has a 14-day trial with every feature.
Why does ProRisk Manager cost more?
It is a subscription that includes the EA, the web dashboard and updates. The other paid tools are one-time purchases or rentals on the MQL5 Market. Whether that is worth it depends on whether you need the daily loss limit and the dashboard.
How up to date is this comparison?
It reflects the vendors' product pages on 20 October 2026. Features and prices change, so the sources are linked below the table. Send corrections to support@proriskmanager.com.
More tools and guides
- Prop firm drawdown calculatorWhere your daily loss limit and max drawdown are hit today.
- Position size calculatorLot size for forex, gold and indices from your risk %.
- Risk rules for prop firm challengesWhat the EA enforces during a challenge.
- Trailing stop EA for MT5Breakeven and trailing in steps of your risk.
ProRisk Manager is a risk management tool made by CYBX DOO. It does not give trading signals or financial advice. Trading involves risk.