Riskmanagment by jsforex
- Utilities
- Version: 2.1
- Updated: 12 December 2025
- Activations: 5
Tired of impulse entries, overtrading and positions without a Stop Loss?
This risk manager enforces your discipline automatically: daily entry limits, mandatory Stop Loss, and a hard 1% risk cap per position. You focus on setups—it enforces the rules.
What you get
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Blocks overtrading – daily entry cap (e.g., 2). The 3rd entry is closed—only that one.
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1% risk per position – if the risk to SL exceeds your cap, that position is closed (only that one).
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Mandatory Stop Loss – any position without a valid SL is closed immediately.
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Set-and-forget discipline – account-wide enforcement, 24/5, using broker server time.
How it works
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Monitors all open positions across your account (any symbol).
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Counts today’s entries from history (not just open ones), so nothing slips through.
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Closes only the violator; compliant positions remain untouched.
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Runs even without ticks via OnTimer.
Default rules
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Max Entries / Day: 2 (adjustable).
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Max Risk / Position: 1% of balance (adjustable).
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Valid SL required: missing/invalid SL → immediate close.
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Time source: TimeCurrent() (broker server).
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Hedging & Netting: fully supported.
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No Martingale • No Grid – pure risk utility.
Works with mobile orders, too ✅
Place trades from the MT5 mobile app and your rules still apply as long as the EA is running on your desktop terminal or a VPS.
In other words: attach the EA on PC/VPS → you can open/manage trades from phone → the EA enforces the rules on your account.
Key inputs
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MaxEntriesPerDay – daily entry cap (e.g., 2)
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RiskPercent – max risk per position (e.g., 1.0 = 1%)
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LogVerbose – detailed logs in the “Experts” tab
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(Branding, optional) ShowBrandLabel , BrandText , BrandFontSize , BrandColor , BrandX/Y
Quick start
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Attach the EA to one chart (any symbol).
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Set your MaxEntriesPerDay and RiskPercent .
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Trade normally (desktop or mobile). Ensure each entry has a valid SL.
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Check “Experts” tab for clear reasons when something is closed.
FAQ
Does this EA open trades? No—it’s a risk manager. It only monitors and closes violations.
Will it close winning trades? Only if they lack a valid SL or exceed your max risk per position.
What happens with the 3rd trade of the day? The latest entry of the day is closed; earlier compliant trades continue.
Mobile usage? Fully supported when the EA is running on PC/VPS. Trades opened from the phone are enforced by the EA.
