RavandFX · money management tools
Trade with discipline, not emotion
RavandFX builds money and risk management tools that help you keep your rules on every trade, every day: from a trade assistant for MetaTrader 5 to free tools and guides.
RavandFX, the money management assistant for MT5
You pick the direction. The assistant handles lot size, stop, breakeven and daily limits, and like a mentor, holds you to the rules you set yourself.
- Lot size calculated from your risk
- Money-management rules locked into your licence
- Breakeven, profit lock and an autopilot
- Free manual backtesting in the Strategy Tester
Money management
What is forex money management, and why does it matter so much?
Money management is the set of rules that decides how much you risk on each trade, how big each position is, and when you stop trading. Analysis tells you where to enter. Money management decides what a wrong entry costs you.
Most trading accounts are not blown by bad analysis. They are blown by one oversized trade, a stop dragged further away, or a day that kept going after two losses. Money-management rules stop exactly those moments, as long as they are actually followed.
Recovering from a 65% drawdown takes a gain of almost 190% just to get back to where you started. That is why risk per trade should be small and fixed.
How it helps
How RavandFX helps you keep your rules
Lot size from your risk
Drag the stop on the chart and the lot size is calculated instantly so the possible loss never exceeds the percent you set. A lot cap based on your balance also stops oversized trades with very tight stops.
Locked rules
Risk per trade, daily profit and loss limits, trades per day and a pause after every trade are set once and locked into your licence. A bad day can't switch them off.
Protect your profit
RiskFree moves the stop to entry plus costs, LockTP locks in a dollar profit, and when you're away from the chart the autopilot keeps managing the trade.
Practise without risk
Try the panel in the online simulator, or run manual backtests on real historical data in the MetaTrader 5 Strategy Tester, free and with no licence.
Who it's for
Who RavandFX is built for
- Forex and gold traders who trade manually on MetaTrader 5 and want exact lot size and risk on every trade.
- Prop firm challengers for whom the daily loss limit and maximum drawdown are hard red lines.
- Scalpers who need speed: FastScalp enters and exits with one key, still at a calculated lot size.
- Traders who can't watch the chart all day who open the trade and hand its management to the autopilot.
- Newer traders who want to practise both strategy and discipline in the Strategy Tester and the simulator before real money.
Free tools and guides
MT5 Risk Management Simulator
Try every RavandFX feature on a live simulated gold chart, with your own money-management rules. No install, no risk.
Free toolLot size calculator for forex and gold
Get the right position size from your balance, risk % and stop loss, for forex pairs and gold.
Risk and money management guides
Forex money management: 7 rules that protect your account
Seven forex money management rules that keep a trading account alive: risk per trade, position sizing, stop losses, daily loss limits and more.
Backtesting · 3 min readManual backtesting in the MT5 Strategy Tester
How to backtest a manual trading strategy in the MetaTrader 5 Strategy Tester: visual mode setup, trading by hand, money management and reading your results.
Position sizing · 3 min readHow to calculate lot size in forex and gold
Calculate the right lot size step by step: risk in dollars, stop distance, pip value and the formula, with EURUSD, USDJPY and gold examples.
Prop firms · 3 min readProp firm daily loss limit: how not to break it
How prop firm daily loss limits work, why traders break them, and a simple plan with numbers to stay safely inside the limit every day.
Trading psychology · 3 min readRevenge trading: why it happens and how to stop it
What revenge trading looks like, why it is so hard to resist after a loss, and six practical rules that stop it before it costs you the account.
Trade management · 2 min readBreakeven stop loss: when to move it, and when not to
When to move your stop loss to breakeven, why the real breakeven includes costs, and how to avoid getting stopped out too early.
Privacy and security
- We never ask for your MetaTrader login or broker password.
- We have no access to your account or your money; the assistant runs on your own MetaTrader.
- No trade is ever opened outside the rules you set.
Questions about RavandFX
What is RavandFX?
RavandFX is a trade assistant and money management tool for MetaTrader 5: a panel on your chart that calculates lot size from your risk, places entry, stop and target on the chart, manages the trade and enforces your money-management rules.
Is RavandFX a trading robot or a signal service?
No. You always choose the direction and the entry, and you always open the first trade yourself. RavandFX is a money and trade management tool and does not guarantee profit.
Which platform does it run on?
MetaTrader 5 on Windows. If you want trades managed while your computer is off, use a Windows VPS.
Can I try it before buying?
Yes, in three ways: the online simulator with no install, the MetaTrader 5 Strategy Tester where use is free, and a 3-day free trial with every feature on your own account.
Is it suitable for prop firm accounts?
Yes. Set your daily loss limit, trade limit and risk per trade below your prop firm's limits and the panel stops you before you reach them. Always read your own firm's rules too.
How much does RavandFX cost?
After the 3-day free trial, a 1-month licence is $39, 3 months $99 and 6 months $149. Every plan includes every feature, and nothing renews automatically.
Ravand trading journal
A place to log and review your trades, so you can see your patterns and learn from every trade.