Risk management tools

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What are the best risk management tools you have used in trading and why ?
 

As an example:

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Money Management


The forum

  1. MM (money management) calculation, indicators, discussion, tools: calculate your lot size and so on. Original thread with several versions.
  2. MoneyManagement EA is on this thread: it shows you market information and money management on the chart. 
  3. Forex Money Management, Part 1 - good small thread
  4. Useful money management expert - the thread with the EA 
  5. Stop Your Mind From Causing You to Take Profits Too Soon - the post with the educational video 
  6. Money Management: How to Determine an Initial Stop Level - the post with the educational video 
  7. Why Most Traders Lose Money and The Solution - the post with the educational video

The articles

  1. Statistical Verification of the Labouchere Money Management System
  2. Money management in trading - 
  3. Functions for Money Management in an Expert Advisor 
  4. Fallacies, Part 1: Money Management is Secondary and Not Very Important 
  5. MQL5 Wizard: How to Create a Risk and Money Management Module 
  6. Money Management Revisited 
  7. Cross-Platform Expert Advisor: Money Management 
  8. Limitless Opportunities with MetaTrader 5 and MQL5 
  9. Money Management by Vince. Implementation as a module for MQL5 Wizard

CodeBase

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I don't know if you're talking about manual trading or automated trading. Best money management is a time filter to filter out volatile hours, and a lot multiplier based on risk percentage. Then a trailing stop is obviously good money management if you don't set take profit.
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