Market / MetaTrader 5 / Utilities /

Hon Risk manager

35 USD

Demo downloaded: 6

Published: 14 August 2025

Current version: 2.0

Hon Risk manager

Utilities
Christopher Adie
Christopher Adie
Algo developer at KSquantitative

Nigeria

1651
5 (1)
- https://www.ksquants.com/
Quantitative Trading Expert | Algorithm Development Specialist
Professional Overview

6 products 2 signals 4 codes 1 topic 6 comments
Version: 2.0
Updated: 18 August 2025
Activations: 5

Advanced Risk Manager EA is a non-trading account protection utility for MetaTrader 5. It does not open trades — it monitors your account in real time and enforces configurable risk rules automatically.

How It Works

At the start of each trading day, the EA records your opening balance. Every tick, it recalculates your live P&L. If your daily loss reaches the configured threshold, all open positions are closed instantly and trading is locked until the next day. Optionally, it locks trading once a profit target is hit, securing your daily gains.

Core Features

Daily Loss Limit — Closes all trades and locks the account when the daily drawdown % is breached
Daily Profit Target — Optionally locks trading once a profit % is reached for the day
Mobile Protection — Detects and closes trades opened on mobile after account lockout
Telegram Control Panel — 25+ commands for remote monitoring and trade management
Real-time Dashboard — Color-coded risk meter, daily P&L, win rate, margin level, and one-click emergency close
Multi-EA Compatible — Monitors combined risk from manual trades, EAs, and copy trading simultaneously

Input Parameters

Parameter	Default	Description
Max Daily Risk %	3.0	Closes all trades when daily loss hits this %
Risk Per Trade %	1.0	Used for position size calculation
Daily Profit Target %	0.0	0 = disabled; locks trading when reached
Enable Daily Lockout	true	Enables automatic end-of-day reset
Telegram Bot Token	—	From @BotFather
Telegram Chat ID	—	Your personal or group chat ID
Control Password	ARM2024	Required for destructive Telegram commands
Show Dashboard	true	Displays on-chart panel

Telegram Commands

No password required: STATUS , POSITIONS , ACCOUNT , STATS , PING , QUICKSETUP , CALCPNL

Password required: CLOSEALL , LOCK , STOP , PAUSE , RESET , EMERGENCY , ARRAYCLEAN

Prop Firm Compatible

Designed for FTMO, etc, and similar challenges. Set your daily risk limit slightly below the prop firm threshold (e.g., 4% for a 5% rule) to guarantee you never breach their terms.

Requirements

MetaTrader 5 Build 3815+
AutoTrading enabled
WebRequests allowed for Telegram API

more...

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Who Should Use This EA Manual Traders Perfect for traders who execute trades manually but need automated protection Protects against emotional trading decisions Enforces discipline when under pressure Prevents revenge trading after losses Provides emergency position closure via mobile Prop Firm Traders Essential protection for funded traders with strict rules Automatically enforces daily loss limits Prevents account violations that could result in funding loss Real-time risk monitoring to stay w

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Hon PropDesk Manager - Prop Firm Professional Trading Control System The Problem: Prop traders lose funded accounts due to rule violations, poor risk management, and emotional trading decisions. The Solution: Hon PropDesk Manager protects your funded account with automated compliance monitoring, one-click trade execution, and built-in psychology safeguards. Key Benefits: Never violate prop firm rules again - Automatic daily loss and drawdown monitoring Trade faster and smarter - One-click BUY/SE

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Hon Risk manager

Christopher Adie