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PZ Risk Management

4.17

This indicator monitors the vital constants of your trading account to keep it healthy and away from excessive risks. It monitors all trades, absolute exposure, account floating point and leverage currently in use, using different color codes for your interpretation.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Amazingly easy to understand
  • The indicator is clean and simple
  • It calculates exposure by pairs and currencies
  • Keep your used leverage controlled at all times
  • Find out your currency exposure at a glance
  • Orange labels indicate caution
  • Red labels indicate danger

Using too much leverage is the reason why most retail traders fail. Respect the following rules to keep your trading account healthy.

  • Keep your used leverage between 1:1 and 1:5
  • Never allocate more than 1:10 leverage on your account
  • Avoid trading more than 5-6 Forex pairs at the same time
  • Avoid excessive exposure to a single currency
Most brokers offer up to 1:400 leverage, but this should not be confused with the leverage you actually decide to allocate. Leverage is the ratio between your equity and the total market exposure of your trades, and more leverage means more odds of decimating your trading account. Think of leverage as hamburgers: if you go into a fast food restaurant, you can probably order and eat 4000 burgers, but you'll probably die of indigestion.


Usage and details

  • The indicator is evaluated tick by tick
  • Load the indicator just once in an empty chart
  • The indicator calculates net exposure for each symbol
  • Symbols with more than 6 characters in their names are ignored in the currency exposure table

Input Parameters

  • Caution Drawdown Level: Drawdown level for the indicator to indicate caution (default is 10%)
  • Danger Drawdown Level: Drawdown level for the indicator to indicate danger (default is 20%)
  • Caution Leverage Level: Leverage level for the indicator to indicate caution (default is 1:5)
  • Caution Leverage Level: Leverage level for the indicator to indicate danger (default is 1:10)
  • Color Settings: Set colors for labels and alert levels.

Support

I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Reviews 8
2203913
40
2203913 2022.04.15 21:35 
 

It's a good indicator bro no 🧢😭😭🫂

Fouad Kattan
32
Fouad Kattan 2021.06.02 13:37 
 

Perfect

zofesu
350
zofesu 2019.10.21 15:32 
 

Like it

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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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PZ TRADING SLU
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PZ Sandwich Bars MT5
PZ TRADING SLU
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This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint The indicator could not b
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PZ Correlation
PZ TRADING SLU
4.43 (7)
In the world of finance, correlation is a statistical measure of how two securities move in relation to each other. Correlations are used in advanced portfolio management. This indicator measures how different securities move in relation to a reference one, thus making portfolio management easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Avoid concurrent trades in highly correlated instruments Find trading opportunities among highly correlated instruments Cor
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PZ Inside Bars
PZ TRADING SLU
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PZ Oscillator MT5
PZ TRADING SLU
3.8 (10)
This is a smooth and responsive accelerometer which reveals the market trend and strength. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Two moving averages indicate trend direction The histogram represents strength of the price movement It draws buy and sell zones as colored vertical lines Should be used as a confirmation indicator Customizable line widths and colors It implements alerts of all kinds This indicator is similar to MACD but aims to react faster t
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This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T
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goingforward
94
goingforward 2022.09.26 17:04 
 

It works great and is what I was needing. Muy agradecido Arturo

Daniel Schwoerer
1274
Daniel Schwoerer 2022.09.20 15:10 
 

Very nice as usual.

2203913
40
2203913 2022.04.15 21:35 
 

It's a good indicator bro no 🧢😭😭🫂

mcrious
15
mcrious 2021.08.23 12:23 
 

well,ir seems it does qhat it is supposed to do,I was looking for something much simpler,the numbers I have already in the terminal window.Something more graphical,like in exposure,how many lots open short and long to know when the hedge is even.

Fouad Kattan
32
Fouad Kattan 2021.06.02 13:37 
 

Perfect

liljon
87
liljon 2020.03.25 14:26 
 

много места в подвале занимает

zofesu
350
zofesu 2019.10.21 15:32 
 

Like it

ipippo
507
ipippo 2019.10.04 09:57 
 

Great tool!

Reply to review
Version 4.0 2020.10.20
- Minor changes
Version 1.1 2014.09.29
- Important bug fix regarding symbol names and open positions