In this guide, discover in detail each feature of Risk Manager and its usefulness. After reading this documentation, you will understand how this tool works and, most importantly, you will know how to adapt and configure it according to your trading style and preferences.
Dashboard User Guide
1️⃣ Start Calc
Click this button to display the lot calculator on your screen. It will allow you to set the stop loss and take profit levels.
2️⃣ Reverse
Use this function after clicking 'START CALC'. It will allow you to quickly switch between a buy trade and a sell trade by reversing your level lines.
3️⃣ Pending Ordder
Lors de la planification d'un trade avec 'START CALC', utilise ce bouton après avoir cliqué sur 'START CALC' pour basculer entre l'exécution d'un trade au marché ou d'un trade en attente.
4️⃣ Execute Trade
After setting all your levels and verifying that the prices and lot sizes are correctly calculated according to your risk, use this button to execute the order.
5️⃣ Break Even
Set a break-even point at the desired price with this button. When the price reaches this level, the stop loss is automatically adjusted to match the entry price.
6️⃣ Partial TP
Set a partial take profit trigger at the desired price with this button. When the price reaches this level, a specific percentage of the position volume is automatically closed.
7️⃣ Close Custom
After executing a trade, use this button to instantly close a specific percentage of the position's volume at any time.
8️⃣ Close All
Close the entire position, along with all associated levels, including stop loss, take profit, partial take profit, and break even, with this button.
Settings User Guide
1️⃣ Risk Management
1- Lot size calculation method: Choose how you want the calculator to determine the lot size based on your risk management. Several options are available: a calculation based on your balance, equity, a fixed amount, or a fixed lot size.
2- Balance (%): If you have chosen 'balance' as the method for calculating the lot size, specify the percentage of your balance you want to risk per trade.
3- Equity (%): If you have chosen 'equity' as the method for calculating the lot size, specify the percentage of your equity you want to risk per trade.
4- Fixed amount: If you have chosen 'fixed amount' as the method for calculating the lot size, specify the amount in currency you want to risk per trade.
5- Fixed lot: If you have chosen 'fixed lot' as the method for calculating the lot size, specify the fixed volume (in lots) you want to use for each trade.
6- Max slippage: This parameter protects you from excessive slippage, helping you avoid unpleasant surprises when executing a trade in volatile market conditions.
2️⃣ Configuration
1- Pips in profit when BE target is hit: Define the number of pips in profit you want to reach when the price hits your break-even point. At that moment, your stop-loss (SL) line will be adjusted above your entry price by the specified number of pips.
2- % to close when partial TP is hit: Specify the percentage of your position that will be closed when the price reaches your partial take profit (TP) level.
3- % to close for close custom: Specify the percentage of your position you want to close when you press the 'CLOSE CUSTOM' button on your lot calculator.
3️⃣ General
1- EA Comment: Add a note or comment to your trades to distinguish them from one another.
2- Magic Number: Modify this number to make it unique for each transaction only if you want to open multiple trades simultaneously on the same currency pair. If you open multiple trades simultaneously but on different currency pairs, there will be no need for a unique magic number for each transaction.
4️⃣ Panel
1- Panel Size: Choose the size of the lot calculator to display on the chart. Three options are available: small, medium, or large.
2- Panel background color: Set the background color of the lot calculator.
3- Pending order line color: Select the color of the pending order line.
4- Pending order line width: Set the thickness of the pending order line.
5- Take profit line color: Choose the color of the take profit (TP) line.
6- Take profit line width: Set the thickness of the take profit line.
7- Stop loss line color: Choose the color of the stop loss line.
8- Stop loss line width: Set the thickness of the stop loss line.
9- Break even line color: Select the color of the break-even line.
10- Break even line width: Set the thickness of the break-even line.
11- Partial TP line color: Choose the color of the partial take profit (partial TP) line.
12- Partial TP line width: Set the thickness of the partial take profit line.
5️⃣ Dashbord
1- "Start calc" button color: Change the color of the "Start Calc" button on the lot calculator.
2- "Reverse" button color: Change the color of the "Reverse" button on the lot calculator.
3- "Pending order" button color: Change the color of the "Pending Order" button on the lot calculator.
4- "Execute trade" button color: Change the color of the "Execute Trade" button on the lot calculator.
5- "Break even" button color: Change the color of the "Break Even" button on the lot calculator.
6- "Partial TP" button color: Change the color of the "Partial TP" button on the lot calculator.
7- "Close all" button color: Change the color of the "Close All" button on the lot calculator.
8- "Close custom" button color: Change the color of the "Close Custom" button on the lot calculator.
