Moniteur Risk Panel and Lot Calculator
- Utilitaires
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Juan Pedro Hernandez Pagan
Stratum Economics — trading software for MetaTrader 5. Every tool and Expert Advisor is tested twice (Python and the MT5 Strategy Tester) and shown with its bad years too. Measured, not promised.
Website: https://stratumeconomics.com - Version: 1.40
Most accounts are not blown by one bad idea, but by not knowing how much is really at risk: a lot calculated by eye, a position without a stop, three Expert Advisors open at the same time. Moniteur puts those numbers on one panel.
Lot calculator
- Drag the red line to your stop loss and Moniteur gives the exact lot to risk the % of the balance you choose. Drag the green line to your target and it shows the risk-reward ratio and the profit at the target.
- The money per lot is calculated by the terminal itself, so it is right for forex, gold, indices and crypto, in any account currency.
- Optional round-trip commission per lot, included in the risk.
- If the minimum lot risks more than you set, it tells you.
- Buy and sell buttons: one click opens the calculated lot with the stop on the red line and the target on the green line (after a confirmation window, which can be turned off). The button on the other side flips both lines around the price.
Account
- Today's result and drawdown from the account peak (the peak is saved: it survives a terminal restart).
- Every open position with its initial risk and the risk still open from the current price to its stop (0 when the stop is already in profit).
- Total open risk of the account, and every position without stop loss in red.
Expert Advisors
- Every chart with an Expert Advisor, its symbol and timeframe. Optionally, tell Moniteur the timeframe each Expert Advisor should run on (for example MyEA:M15) and it warns when it is wrong.
- Warns when a symbol is disabled or close-only, when Algo Trading is off and when the terminal is disconnected.
Alerts
- Popup and push notifications to your phone when the total open risk, today's loss or the drawdown pass your limits, when a position has no stop loss, and when an Expert Advisor cannot trade. Each alert repeats at most every 30 minutes (adjustable).
- Optional: close everything on Friday at a chosen hour, for all positions or only for some magic numbers. Off by default.
How to use
- Open any chart without another Expert Advisor and attach Moniteur.
- Set your risk per trade (0.5 % by default) and drag the red and green lines.
- Click Buy or Sell to open the trade, or place it yourself with the lot shown. Algo Trading must be on for the buttons and the Friday close.
Panel in English or Spanish.
Important
- Moniteur opens a trade only when you click Buy or Sell. It never trades on its own. In the Strategy Tester it opens sample trades, sized by its own calculator, only so that you can see the panel working; this can be turned off.
- Slippage and gaps can make the real loss larger than the planned one.
Inputs
- Calculator: panel language; risk per trade %; round-trip commission per lot; initial distance of the stop line (in chart ATR).
- Trading: ask for confirmation; magic number of its trades; max slippage.
- Account: alerts for total open risk %, today's loss %, drawdown from the peak %.
- Expert Advisors: expected timeframe per Expert Advisor (e.g. MyEA:M15,OtherEA:H1).
- Friday: close everything on Friday; server hour; only these magic numbers.
- Alerts and look: popup; push; repeat interval; panel position; font size.
- Tester demo: sample trades in the Strategy Tester only.
Moniteur is made by Stratum Economics: trading software that is measured, not promised.
