Free MT4 trading tools that earn their chart space
Free MT4 trading tools are small MetaTrader 4 utilities that speed up everyday platform work: risk and lot-size calculators, on-chart account panels, price alerts and terminal helpers. All 20 tools here are open-source and license-verified, every zip carries a genuine .mq4 file, and each download costs one email, nothing more.
The unglamorous tools that actually make trading MetaTrader 4 easier, risk before you click, profit while you hold, an alert when price hits your line, faster symbol and timeframe switching. All open-source, all free.
- Risk and lot-size calculators so position sizing is decided before you click
- On-chart account, profit and equity panels you cannot trade past
- Price and line alerts with pop-up, e-mail and push, no Expert Advisor needed
- Terminal helpers: symbol switching, timeframe hotkeys, grids and crosshairs
Updated 2026-06-09
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6 to choose from
Risk Calculator
Reads your open and pending orders to show total risk and reward in both money and percent.
Lot Size Calculator
Risk-based position sizing on the chart: set risk percent and stop distance, read the exact lot size.
Trade Info Panel
An on-chart dashboard of balance, equity, floating P/L, margin and spread, all in one panel.
Price Alert Panel
Set price, indicator and time alerts from an on-chart panel with pop-up, email and push.
Equity Line
A draggable line that projects what your account equity becomes if price reaches that level.
Draw Grid
Draws an evenly-spaced horizontal price grid at a pip step you choose, for scalping levels.
All 20 free MT4 tools at a glance
Every tool in the library, with its category, whether it repaints, the MetaTrader versions it runs on, and its open-source licence.
| Tool | Category | Repaints? | Platform | Licence |
|---|---|---|---|---|
| Breakeven Line | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Draw Profit | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Equity Line | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Lot Size Calculator | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Profit Info | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Risk Calculator | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Stop-Out Line | Account & Trade Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Trade Info Panel | Account & Trade Tools | No | MetaTrader 4 | MIT |
| Draw Grid | Chart & Terminal Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Switch Timeframes by Keys | Chart & Terminal Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Synced Crosshair | Chart & Terminal Tools | No | MetaTrader 4 | GPL-3.0 |
| Auto Trend Lines | Levels & Market Structure | Updates live | MetaTrader 4, MetaTrader 5 | MIT |
| Correlation Indicator | Levels & Market Structure | Updates live | MetaTrader 4 | MIT |
| Forex Scanner Dashboard | Levels & Market Structure | Updates live | MetaTrader 4 | MIT |
| Price Alert Panel | Price & Alert Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Price Line Alert | Price & Alert Tools | No | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Coppock Curve | Trend & Momentum | Updates live | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| MA Max Excursion | Trend & Momentum | Updates live | MetaTrader 4, MetaTrader 5 | Apache-2.0 |
| Moving Average Slope | Trend & Momentum | Updates live | MetaTrader 4 | MIT |
| No Nonsense ATR | Trend & Momentum | No | MetaTrader 4 | GPL-3.0 |