Risk Guard Lot Size and Daily Loss Limit
- Utilities
- Version: 1.0
- Activations: 5
Risk Guard is a trade management panel for MetaTrader 5. You decide when to enter. Risk Guard handles the rest: it calculates the lot size from the risk you choose, places the stop loss and take profit, manages the open trade and stops you from trading after a daily loss limit.
It does NOT open trades by itself, does NOT give buy or sell signals, and does NOT use martingale, grid or averaging.
What it does
- Lot size from risk: enter risk % and stop loss distance, the panel shows the lot and the real money at risk (at your stop loss) before you click.
- One-click BUY and SELL with a mandatory stop loss and optional take profit in R (for example 2R).
- Refuses the trade when the calculated lot is below the broker minimum, when free margin is not enough, or when the stop is too close or on the wrong side.
- Break-even: moves the stop to entry plus an offset after a profit you choose (in R).
- Trailing stop: follows the price at a fixed distance after a profit you choose.
- Partial close: closes a percentage of the position at the profit you choose.
- Daily loss guard: when the loss for the day reaches your limit (percent or money), it closes your trades and blocks new entries until the next day.
- Limits: maximum open trades and maximum spread at entry.
- Close All button with a two-click confirmation.
- Panel in Arabic or English.
How to use
1. Attach Risk Guard to the chart of the symbol you trade and allow algo trading.
2. Set risk %, stop loss in points and take profit in R on the panel.
3. Check the lot shown on the panel, then click BUY or SELL.
4. Risk Guard manages the trade with the settings you chose.
Notes
- Risk Guard manages its own trades (magic number) and, if you enable it, manual trades. It does not touch other robots' trades unless you enable the option on the daily guard.
- Lot sizes are always rounded DOWN to the broker lot step, so real risk is equal to or lower than the risk you chose.
- Works on any symbol (tested in the Strategy Tester on forex pairs and gold, with USD and EUR deposits).
- Trading involves risk. This tool helps you apply your own risk rules. It does not guarantee profit or protect from losses within your stop loss, slippage or gaps.
Inputs (all names are Latin only): language, magic number, risk base (balance or equity), slippage, default risk %, default stop loss, default take profit R, manage manual trades, partial close, break-even, trailing, daily loss guard, max open trades, max spread, panel position.
