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Risk Manager Pro MT4

Risk Manager Pro is a simple utility that calculates the necessary lots with the risk percentage and the pips of stop loss, before opening positions.

The web calculators can be useful in some cases but they are not efficient to open operations in real time. In the trading days, there are few opportunities to open positions and when the opportunity arises, the seconds make the difference. This is not possible with conventional web calculators, since to calculate the size of an operation regarding to the position of the stop loss, you must enter several data. These actions can take quite some time.

Risk Manager Pro utility trades on all currency pairs using only instant execution orders. All pairs of “Market Watch” window must be shown through right click and then show all.

The lots are calculated automatically when the percentage of risk and pips of stop loss are entered. The take profit is optional.

Important data are calculated in real time, for example – the required margin, total lots, lots per position and value per pip.

The Risk Manager Pro utility works on all timeframes.


Utility´s Parameters

  1. Balance - shows the account balance the account in real time.
  2. Risk - is the amount you are willing to lose per entry and must be entered as a percentage, for example: 1, 1.2, 2, 3.2,... etc.
  3. Margin - shows the amount that the broker will take as collateral. This required margin is shown in real time.
  4. Lots - shows the total lots and are calculated once the "stop loss" is entered.
  5. Lots/Pos - shows the lots per position and depends of how many operations will be performed. This value is shown in real time.
  6. Value/Pip - shows the value per pip and is calculated once the "stop loss" is setted.
  7. R/B - (risk / benefit) - is calculated according to the position of the "stop loss" and "take profit".
  8. This button shows the price plus the "stop loss" in real time.
  9. This field is to enter the "stop loss" in pips (not points), for example - 1, 20.3, 50, 100.3...etc.
  10. SELL - if this button is clicked, the "stop loss" line will be calculated above the current market price and the "take profit" line will be calculated below the current market price.
  11. BUY - if this button is clicked, the "stop loss" line will be calculated below the current market price and the "take profit" line will be calculated above the current market price.
  12. Leverage - shows the current leverage for the current account, for example - 1:100,1:200,1:1000...etc.
  13. This button shows the price plus the "take profit" in real time.
  14. This field is to enter the "take profit" in pips (not points), for example - 1, 20.3, 50, 100.3...etc.
  15. R- (reset button) - sets "stop loss" and "take profit" fields to zero.
  16. Spread - shows the difference between ask and bid price of the current symbol in real time.
  17. # Positions - This field is to enter the number of positions per entry, for example - 1,3,4...etc.
  18. TRADE - executes the orders.
  19. CLOSE ALL - closes all positions one by one.
  20. Contract Size - shows the lot size for the account - 100.000 means standard-account, 10.000 means mini- account and 1.000 means micro-account.

See the attached screenshots for a more detailed view.

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MEETALGO LLC
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The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow adding more strategies every time.  You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trad
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
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Nguyen Van Anh
3.8 (5)
MT4 Alert Signal Trader  is an EA that helps you trade MT4 Alert popup. Some indicators can provide signals by showing an alert popup containing signal texts. This EA will read and trade these signal texts. The alert texts should contain at least 2 elements:  (1) a symbol text   (ex: "EURUSD") and  (2) a command type   (ex: "Buy", "Sell", "Close") that trigger EA's trading activities. Some other contents that may have or not are open price, stop loss, take profit values... The EA needs an aweso
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BLAKE STEVEN RODGER
4.33 (15)
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Eric John Pajarillaga Aldana
5 (4)
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Roman Podpora
5 (3)
An instrument capable of instantly calculating position size or risk based on a specified stop-loss level is critically important for both professional traders and beginners. Trading utility TRADE PRO provides fast and accurate calculations, helping you make decisions in conditions of limited time and increased market volatility. Main functions: Original. Simple. Effective. Original and convenient opening of the main trading panel: Simply hover your mouse over the right part of the chart and cli
Prop Firm Equity Protector safe guard your hard earned prop firm account from balance or equity downdraw. It can be used for live/personal account too. It will close all positions if drawdown hit the preset level or percentage. It can be set to close other EA in the same MT4 terminal too.  This utility is not need to use conjuction with  HFT Prop Firm EA (Green Man),   HFT Prop Firm EA has it build-in equity protector and also it has ultra low drawdown. Setting: Prop Firm Account Size Drawdown
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