Auto risk manager Free
Auto risk manager Free is a utility for order management. Regardless of whether the orders are opened manually or by Expert Advisors, the utility removes pending orders (if needed) and disables the terminal (not letting the EAs open new trades) when a specified profit or loss percentage is reached. This demo versions allows you to understand the work of the full version of Auto risk manager. The demo works only with AUDNZD orders only.
Profit_Percent and Loss_Percent may have either positive or negative value.
- Profit_Percent = 10 - total profit percentage (after reaching, all open orders are closed and the terminal is disabled) may have negative values. Suppose that the deposit shows "-13%" of profit (drawdown). You can set closing trades when reaching the drawdown level of "-9%"
- Profit_Percent = 10 - total loss percentage (after reaching, all open orders are closed and the terminal is disabled) may have positive values. Suppose that the deposit shows "9%" of profit. However, the possibility of moving in unfavorable direction is high. You can set "7%". If the total profit drops to 7%, the EA closes all orders and disables the terminal
- DeleteStopLimitOrders = true/false - remove (true)/do not remove (false) pending orders when closing orders
- Slipage = 5 - slippage
- TimerSecond = 1 - after how many seconds the deposit changes are to be checked (to save hardware resources).
Important! The utility is an EA. Make sure that auto trading is enabled in the terminal.