• Overview
  • Reviews (3)
  • Comments (2)

PZ Risk Management MT5

4.67

This indicator monitors the vital constants of your trading account to keep it healthy and away from excessive risks. It monitors all trades, absolute exposure, account floating point and leverage currently in use, using different color codes for your interpretation.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Amazingly easy to understand
  • The indicator is clean and simple
  • It calculates exposure by pairs and currencies
  • Keep your used leverage controlled at all times
  • Find out your currency exposure at a glance
  • Orange labels indicate caution
  • Red labels indicate danger

Using too much leverage is the reason why most retail traders fail. Respect the following rules to keep your trading account healthy.

  • Keep your used leverage between 1:1 and 1:5
  • Never allocate more than 1:10 leverage on your account
  • Avoid trading more than 5-6 Forex pairs at the same time
  • Avoid excessive exposure to a single currency
Most brokers offer up to 1:400 leverage, but this should not be confused with the leverage you actually decide to allocate. Leverage is the ratio between your equity and the total market exposure of your trades, and more leverage means more odds of decimating your trading account. Think of leverage as hamburgers: if you go into a fast food restaurant, you can probably order and eat 4000 burgers, but you'll probably die of indigestion.


Usage and details

  • The indicator is evaluated tick by tick
  • Load the indicator just once in an empty chart
  • The indicator calculates net exposure for each symbol
  • Symbols with more than 6 characters in their names are ignored in the currency exposure table

Input Parameters

  • Caution Drawdown Level: Drawdown level for the indicator to indicate caution (default is 10%)
  • Danger Drawdown Level: Drawdown level for the indicator to indicate danger (default is 20%)
  • Caution Leverage Level: Leverage level for the indicator to indicate caution (default is 1:5)
  • Caution Leverage Level: Leverage level for the indicator to indicate danger (default is 1:10)
  • Color Settings: Set colors for labels and alert levels.

Support

I am happy to provide free products but given my limited time, they come without support of any kind. My apologies.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.


Reviews 3
Reinhard Josef Nirschl
213
Reinhard Josef Nirschl 2022.04.06 12:47 
 

Wunderbar endlich mal wieder etwas kostenloses und nützliches!

Ulises Ulpiano Cune
225
Ulises Ulpiano Cune 2021.10.21 20:32 
 

Good Utility

Brendan Wayne King
567
Brendan Wayne King 2022.03.08 06:07 
 

Great utility - a couple of suggested features - have the drawdown % shown - %drawdown in red, and + profit % in green. Current if in profit it just shows 0.00%. Also show total of lots open across all symbols

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Expert Advisor Risk Manager for MT5 is a very important and in my opinion necessary program for every trader. With this Expert Advisor, you will be able to control the risk in your trading account. Risk and profit control can be carried out both in monetary terms and in percentage terms. For the Expert Advisor to work, simply attach it to the currency pair chart and set the acceptable risk values ​​in the deposit currency or in % of the current balance. PROMO BUY 1 GET 2 FREE -   https://ww
Take control of your forex portfolio. See instantly where you stand, whats working and whats causing you pain! MT4 VERSION AVAILABLE HERE:  https://www.mql5.com/en/market/product/58375 The Trade Manager Dashboard is designed to show you at a glance where each position you have in the forex market currently is, and make risk management and exposure to currencies easier to understand.   For traders that scale into the market gradually with multiple positions or those trading grid and basket stra
Binance Quotes Updater
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5 (1)
This service is designed to stream online cryptocurrency quotes   from the Binance exchange to your MetaTrader 5 terminal. You will find it perfectly suitable if you want to see the quotes of cryptocurrencies in real time — in the Market watch window and on the MetaTrader 5 charts. After running the service, you will have fully featured and automatically updated  cryptocurrency charts in your MetaTrader 5. You can apply templates, color schemes, technical indicators and any non-trading tools to
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This indicator evaluates the market sentiment using raw price action measurements, and it is an amazing trading confirmation. It can be used to take a trend-trade approach or a contrarian approach using reversal patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find early reversals Confirm short-term trades Detect indecision on the market Take contrarian trades near support and resistance levels Trade inside bars confirmed by overall direction of the market T
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Reinhard Josef Nirschl
213
Reinhard Josef Nirschl 2022.04.06 12:47 
 

Wunderbar endlich mal wieder etwas kostenloses und nützliches!

Brendan Wayne King
567
Brendan Wayne King 2022.03.08 06:07 
 

Great utility - a couple of suggested features - have the drawdown % shown - %drawdown in red, and + profit % in green. Current if in profit it just shows 0.00%. Also show total of lots open across all symbols

Ulises Ulpiano Cune
225
Ulises Ulpiano Cune 2021.10.21 20:32 
 

Good Utility

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