MetaTrader 4 Risk Manager
Have you ever opened a position and after opening you wonder how much risk you take with this trade? With this tool you can manage your risk during trading.
You simply write at what price you want your stop loss. You can setup a percentage of how much risk that you want to take for each trade and if you allow yourself to modify your stop loss bigger. The lotsize will then be calculated automatically. You can also setup rules about losses, after your parameters are hit opening a new trade is not possible. You can open limit or market orders.
- Risk percentage for each trade (standard 1%)
- Maximum risk is at 10%
- Allow stop loss to be modified (standard false)
- Percentage loss per day and 5 days (when exceeded you can't place a new trade)
- Days of the week to trade (standard true)
- Hours of trading