Risk Manager Pro by FGTrade
- Utilities
- Version: 1.0
- Activations: 5
Risk Manager Pro decides what it will send BEFORE you press anything. The buttons carry the exact lot size that will go out, and when a rule cuts that size or refuses the trade, the button says which rule and why. No surprises after the click.
Position sizing, fourteen trading rules, prop-firm drawdown protection, partial TP/SL ladders and a statistics dashboard — one panel, on your chart.
Most tools help you place a trade. This one can also refuse to.
RULES YOU SET WHILE CALM, ENFORCED WHEN YOU ARE NOT
The panel is built to stop the trades you take for the wrong reason.
No more overtrading
No more revenge trades
No more FOMO entries
No more widening your stop
No more death by a thousand retries
No more trading on after the day has gone wrong
Protect your trading from your own emotions.
Trade like a professional.
SET IT. LOCK IT. PROTECT IT.
Every line above is a real rule with a real number behind it, not a slogan:
- Overtrading. Max trades per day, counted by OPEN time — a trade opened and closed again still counts.
- Revenge trades. A cooldown after any loss, and a symbol cooldown that holds the symbol that lost in BOTH directions, so the revenge flip is blocked as well as the retry.
- FOMO entries. Trading windows — three slots and a weekday mask, on your clock or the server's. Outside them the button is shut and tells you when it reopens.
- Widening a stop. Watched continuously, whoever moved it, and either reverted or flagged. Moving a stop CLOSER is always allowed.
- A thousand retries. Max risk per idea — one symbol in one direction, over a rolling window, adding up what that setup has ALREADY cost you plus what is still committed to it. Eight consecutive attempts each pass a per-trade cap on their own. This one remembers.
- A bad day. Stop the day after N consecutive losses, or at N% of day-start equity. Plus drawdown floors you set INSIDE your firm's, so you stop with room left rather than at the point of failure.
- Your own emotions. The rule lock freezes the whole section in both directions. Loosening anything needs an unlock request that waits out a delay YOU chose while calm — and the journal counts how many of your rule changes came right after a loss.
Said plainly: these are limits you choose, and they bind while they are switched on. Nothing here can promise an outcome. What it can do is make the undisciplined trade the hard one to place, and tell you which rule is in the way before you click.
WHAT MAKES IT DIFFERENT
The BUY button never lies. It reads "BUY 0.01 of 0.02" when a cap has cut your size, and "BLOCKED cooldown 08:42" when a rule has shut the gate — before you click, not in the log afterwards.
One trade, one set of numbers. The stop chips, the take-profit chips, the volume line and the buttons all come from the same calculation the order uses, per direction.
Rules that outlast your mood. Set the lock, and loosening anything needs an unlock request that waits out your own cooling-off period. The journal counts how often you changed a rule, and how many of those changes came right after a loss.
TRADE EXECUTION
- Market, Stop and Limit orders, detected automatically from your entry price.
- Five sizing modes: % Equity, % Balance, % Free Margin, Fixed $, Fixed Lot.
- Live volume, cash risk and % of balance as you type.
- Spread, broker stop level and point value on screen.
- Lots always rounded DOWN to the broker's step, never up.
- Market-order stops account for the spread, because the server measures a long's stop from the bid while you filled at the ask.
CHART LINES
- Drag entry, stop and target directly on the chart.
- Shaded risk and reward bands.
- Price chips showing the distance in points, the cash at risk and the R:R.
- BUY and SELL chips on the chart carrying the same size as the panel buttons.
- Snap the entry to your cursor with one hotkey.
AUTOMATED PROTECTION
- Trailing stop that arms at break-even and ratchets, never backwards.
- Auto break-even with a trigger and an offset, measured from entry.
- Five partial take-profit levels, by points or R, closing a percentage or fixed lots.
- Five partial stop-loss levels with the same flexibility.
- Force a stop onto any unprotected position: attach one, close it, or warn.
- Never widen a stop — revert it, or flag it.
FOURTEEN TRADING RULES
- Max risk per trade — % balance, % equity, cash, or % of your drawdown budget.
- Max risk per idea — one symbol and one direction, over a rolling window, counting closed losses AND what is still committed.
- Max concurrent risk — everything open at once.
- Restrict adds to a live idea — never, or only once the existing stop is at break-even.
- When over ANY cap — block the trade, or shrink it to fit.
- Gap buffer — an allowance for slippage past the stop.
- Cooldown — minutes after any loss.
- Symbol cooldown — minutes after a loss on that symbol, either direction.
- Max trades per day — counted by open time.
- Streak stop — stop the day after N consecutive losses.
- Day stop — stop the day at N% of day-start equity.
- Trading windows — three slots, a weekday mask, local or server clock.
- Flatten at close — close open positions when the window closes.
- Rule lock — with an unlock delay you set yourself.
Every rule reports live on the status board with its own countdown, and the one that will refuse your trade is named on the button.
PROP FIRM PROTECTION
Transcribe your firm's rulebook, then set YOUR floor inside it.
- Max and daily drawdown, static or trailing.
- The percentage is always of your starting balance, so "10% on 100k" is 10,000 of room — from a 100k peak and a 150k peak alike.
- Your own softer floor, so you stop with room left instead of failing.
- The firm's own line shown alongside, so the early stop is never a surprise.
- Profit target and daily profit cap — the consistency rule that stops you on a good day.
- Minimum trading days and maximum lot size.
- Auto-closes and blocks on a breach.
TRADING STATISTICS
- Win rate, profit factor, expectancy, average R and net profit.
- Best and worst day, longest streaks, maximum drawdown.
- Filter by period and by symbol.
- A prop-firm view: the whole account, all history.
BUILT FOR READING
- An in-panel help card on almost every control — click a label for the formula behind it, not a vague tooltip.
- Collapsible sections, and a status board that hides the rules you have switched off.
- Light and dark themes, or set all thirty colours yourself.
- Scales to your screen: UI scale, font size and row height are all inputs.
- The title bar carries a one-line summary, so the panel can be minimised and still answer "may I trade, and how much room is left".
WHO IT IS FOR
- Prop firm traders who want the drawdown maths done for them, with a margin of their own inside the firm's limit.
- Discretionary traders who want position sizing and a hard stop on revenge trading.
- Anyone who has ever sized a trade off the wrong number.
IMPORTANT — CHECK THAT YOU ARE ALLOWED TO RUN AN EA
Many prop firms restrict or forbid Expert Advisors, and some brokers limit them on certain account types. The rules vary widely and they change: some firms ban automation outright, some permit risk- and trade-management tools but not automated entries, and some prohibit particular styles regardless of how the order was sent.
Please read this honestly before you buy.
This product is an Expert Advisor. Even though YOU press BUY and SELL, every order is placed and modified programmatically and carries the EA's magic number and comment. The trailing stop, auto break-even, partial TP/SL ladders, forced stop loss and the window-close flatten all act on their own once enabled. To a firm's trade-surveillance system this is EA activity, not manual trading.
Every automated feature ships switched OFF, and the panel can be used purely as a sizing and rule calculator with all automation disabled — but the orders still originate from an EA.
Check your firm's rulebook and your broker's terms before running this on an evaluation or funded account. If the wording is unclear, ask them in writing first. Compliance with any third party's rules is your responsibility, and nothing here should be read as a guarantee that using it is permitted on your account.
The prop-firm section helps you stay inside limits you enter yourself. It does not know your firm's actual rules, cannot read your account agreement, and is not a substitute for it.
NOTES
- Attach to any chart. The BUY/SELL side trades that chart's symbol; the automation manages every open position on the account.
- Designed for hedging accounts. On a netting account the per-idea budget can under-count, since two entries in the same direction merge into one position.
- Settings are saved per account.
