Haven Risk Control MT5
- Utilities
- Maksim Tarutin
- Version: 1.1
- Updated: 15 April 2025
Risk Control Advisor
"Risk Control" is an advanced position manager for MetaTrader 5 that automates the process of partial position closing based on specified risk parameters and risk-reward ratio (RR). The advisor helps traders effectively manage open positions, minimize risks, and maximize potential profits.
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Key features:
- Automatic partial closing of positions based on specified parameters;
- Flexible adjustment of risk level and risk-reward ratio (RR);
- Intuitive user interface for easy parameter настройка;
- Ability to hide/display the advisor panel with one click;
- Visual display of partial closing levels on the chart;
- Visual display of spread levels and its consideration when entering a position.
More detailed instruction:
https://maks-haven.notion.site/Trade-Manager-for-Metatrader-5-c43cd84a0a174f23ac3829110b255110
Hotkeys for program operation:
Advisor assistance with partial position closing:
https://maks-haven.notion.site/Trade-Manager-for-Metatrader-5-c43cd84a0a174f23ac3829110b255110
Hotkeys for program operation:
"1" - Setting a virtual entry level (open price). The line is placed where the cursor is at the time of pressing the key.
"2" - Setting a virtual stop loss level
"3" - Setting a virtual take profit level
"Space" (spacebar) - sending a trade order to the server based on pre-set virtual lines
"Esc" - Cancel action and remove all virtual lines from the chart
"5" - Builds a "total profit" line with 2 buttons. Buttons set stop loss or take profit levels for all currently open positions according to this line. Additionally, in the button window, it shows potential profit or loss at the price level where the "total profit" line is located.
Advisor assistance with partial position closing:
"Risk Control" tracks open positions and automatically performs partial closing based on specified risk parameters and risk-reward ratio (RR). When the current profit reaches a certain RR level relative to the initial risk, the advisor closes a part of the position, protecting the profit and reducing the overall risk. Partial closing levels are displayed on the chart using horizontal lines and labels indicating the corresponding RR values and closing percentage.
The user cannot move or change the partial fixing level after entering a position. This is done to reduce the number of decisions that a trader makes after entering a position, and also to help in achieving consistency.
Settings and parameters:
- Risk per trade as a percentage of the balance;
- Risk per trade in fixed lots or deposit currency (in the next versions of the program);
- Standard RR multiplier for positions;
- RR multiplier for partial closing;
- Percentage of position volume for partial closing;
- Settings for displaying the panel and partial closing lines;
- Magic Number of the advisor (technical parameter, necessary if there is a conflict with other advisors).
Attention! In this version, all advisor parameters (risk percentage, partial fixing, etc.) are set in the advisor properties in the "Input parameters" window, see screenshot.
Notes:
- When setting an entry level (open price) below the market price, Buy Limit mode is automatically enabled, above the market price - Buy Stop. Similarly for short positions.
- When setting only a stop loss level, the entry price (open price) is automatically linked to the ASK or BID price, depending on the direction of the position, and BUY/SELL MARKET mode is set.
- Take profit is automatically set to the R multiplier according to the parameters in the advisor settings (if desired, you can set your own take profit level with button "3")
- The advisor automatically monitors the spread level in real time and sets orders according to it, the corresponding dashed lines are shown on the chart
- Under each virtual stop loss and take profit line, the advisor shows potential profit or loss in the deposit currency, as well as the distance in pips.
- All information on the order type (Type Order), lot, potential profits or losses, as well as the current R multiplier are duplicated to the information panel located at the bottom of the chart.
- The user-defined value of the standard R multiplier and the percentage of risk from the account balance are shown in the lower right corner on the advisor panel. These settings in the current version are set in the advisor settings in the "Input parameters" window.
