RiskManager

The Expert Advisor is a risk manager helping users to control their trading. In the settings, it is possible to specify the parameters at which the risk manager force closes the opened trades and closes the terminal as well, if it is needed to prevent opening trades on emotions, which do not correspond to the trading strategy.

Risk Manager settings

• Check limit to close - check the equity limit
• Limit to close - equity limit that is taken into account
• Check day limit to close - check the maximum daily loss limit
• Type of limit:
• SimpleLimit - simple limit that is calculated as the maximum drawdown per day
• TrailingLimit - trailing limit that is calculated from the maximum profit per day
• Day limit to lose - the maximum daily loss limit
• Check week limit to close - check the maximum weekly loss limit
• Week limit to lose - the maximum weekly loss limit
• Check max profit per day limit - use daily profit limit
• Profit day limit to close - daily profit tot close all trades
• Check max amount of day trades - check the maximum number of trades per day
• Max amount of day trades - the maximum number of trades per day
• Check max losses per day - check the maximum number of losing trades per day
• Max amount of losses per day - the maximum number of losing trades per day
• Check max drawdown percentage per day - check the maximum daily drawdown percentage
• Max drawdown percentage per day - the maximum daily drawdown percentage
• Check max losses in a row - check the maximum number of losing trades in a row
• Max amount of losses in a row - the maximum number of losing trades in a row
• Check only orders without Magic - check only the orders that are opened without a magic number (that is often used in other EAs)
• Check max opened orders amount - check the maximum allowed number of open orders
• Max opened orders amount - the maximum allowed number of open orders
• Anti Grid - enable the protection against adding to losing positions
• Max orders in one direction of grid - the maximum allowed number of trades allowed to be added to losing trades
• Count broker's commission - take broker's commission into account
• Count Swaps - consider swaps in calculations
• Close terminal after limit overrun - close the terminal if one of the above limits is reached
• Turn on info - show the information about the risk manager settings
• Close terminal immediately - either immediate closure of the terminal after checking all the rules or closure with a minute delay
• Seconds before close - the number of seconds before the terminal closes in case of the rules violation