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Risk Manager MT5

Advisor Risk Manager for MT5, a very important and in my opinion necessary program for each trader.

With the help of this advisor you can control the overall risk on your trading account. The control can be carried out both in the marginal money equivalent of the maximum losses on the account, and in% interest.

To work with the adviser, simply attach it to the chart of the currency pair and set the maximum permissible risk values ​​in the deposit currency or in% of the current balance.

Advantage Advisor Risk Manager for MT5:

Control the risk of all manual transactions in the account

Risk control of all advisors in the account

Automatic stop of trading and order removal

Convenient information panel with indicators of current and maximum drawdown / profit on the account

IMPORTANT! The Expert Advisor does not have the ability to test in the tester, since he only controls the risk of other transactions.


Description of settings


Profit percentage - the size of the maximum profit for all open positions, after which the adviser will record the profit and close the order.

Loss percentage - the size of the maximum loss for all open positions, after reaching which the adviser will fix the loss and close the order.

Profit limit in $ - the limit size of the maximum profit in the currency of your deposit on the achievement of which the adviser will record the profit and close the orders.

Loss limit in $ - the marginal amount of the maximum loss in the currency of your deposit on the achievement of which the adviser will fix the loss and close the order.

Control closing by percentage true / false - if true, the expert will control positions only by% balance change, controls the indicator Profit / Loss percentage.

Control closing in $ true / false - if true is selected, the adviser will control the positions by the indicators Loss / Profit limit in $, respectively, the control will be carried out in the deposit currency.

Close market orders true / false - if true is selected, orders are deleted if the risk is exceeded.

Delete pending orders true / false - if true is selected, pending orders are deleted if the risk is exceeded.


Close All Charts true / false - if true is selected, if you exceed the risk, all the charts in the terminal are closed, which indicates that it is time to pause the trade.

Show panel true / false - show / hide the information panel.

Trading Account Number - the account number on which the panel should work, if 0, then it works on any account.

Use sound signal true / false - use sound notification of risk management exceeding.

Allowable Slippage - allowable slippage.

Number of closing attempts - the number of attempts to close positions.

Pause after error in seconds - pause before a new attempt to close an order.


You can also download my other products:

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All my programs on mql5.com от SeniorTrader

#tags  Risk Manager MT4, Risk Manager, Risk controller, Риск менеджер, Риск контроллер, Риск менеджер МТ4




Reviews 1
Kiril Tikilyanov
23
Kiril Tikilyanov 2021.01.06 13:37 
 

EA Risk Manager is a very good tool that every trader needs, I feel relaxed when I know he keeps my back. Closes all positions when the percentage of loss on the balance is reached I don't like that it doesn't separate the positions from each other and doesn't block the platform until the end of the day, but this is my personal opinion. Other traders may prefer to stay active.

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AW Shepherd Safety MT5
Alexander Nechaev
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Virtual Grid MT5
Vladimir Gribachev
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Fibo Alert Ultimate MT5
ISO Financial Services
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Crypto Charts
Romeu Bertho
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Fast Trade MT5
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Kiril Tikilyanov
23
Kiril Tikilyanov 2021.01.06 13:37 
 

EA Risk Manager is a very good tool that every trader needs, I feel relaxed when I know he keeps my back. Closes all positions when the percentage of loss on the balance is reached I don't like that it doesn't separate the positions from each other and doesn't block the platform until the end of the day, but this is my personal opinion. Other traders may prefer to stay active.

Sergei Lanin
11419
Reply from developer Sergei Lanin 2021.01.07 16:54
Thanks for your feedback! I will give you feedback.
1) I think that it makes no sense to separate positions from each other, since for this you can set the risk for each specific transaction. You can do this using my EasyTradePad tool - https://www.mql5.com/en/market/product/47587 The risk can be set in $, in %, in lots and pips.
This is mega convenient, it also has the ability to control the general risk for a specific magic number, which is why we came up with a magic number.
2) The EA cannot block the terminal, because the program has a hierarchy, the terminal is the General, and the adviser is the Soldier. Accordingly, with all my desire, a Soldier cannot give orders to a General. This is the structure of the hierarchy in Metatrader. Therefore, within the framework of the advisor, the closure of all open charts is implemented, as a command that it is time to stop. Best regards,
Sergey
Reply to review
Version 1.32 2021.01.07
The full version of the product was reloaded, by accident the Free version of the product was published earlier by the risk manager. (P.S. Thanks Fabrício Bernardes for notice about this)

Best regards,
Sergey
Version 1.31 2020.11.23
Indicated in the info panel that the calculation of the "Current profit" indicator shows the current loss / profit in % of your deposit
Version 1.3 2020.07.13
improved code
Version 1.2 2020.07.10
panel dimensions adjusted