StopLoss is a mandatory part of a trading Advisor

Every Trade Should Have a Known Risk

Many trading robots demonstrate impressive returns, but the actual risk of a trade often remains hidden from the user.

In some systems, Stop Loss levels are not placed in the order at all, while risk management is handled by internal algorithms of the expert advisor.

The problem with this approach is that the real risk of a position cannot be properly evaluated at the moment the trade is opened.

When developing Gold Storm PRO, I chose a different approach.

Every trade is opened with predefined Stop Loss and Take Profit levels.

These levels are immediately placed in the order and displayed in the trading terminal.

• The maximum risk is known in advance.
• The Stop Loss level is not hidden inside the algorithm.
• The Take Profit level is also known before the trade is opened.
• All position parameters can be verified at any time.

I believe that users should understand not only the potential profit of a system, but also the risk it takes on every trade.

What is your opinion on trading robots that use hidden risk management?