tpspro hazard supervisor is a exceptional system of professional risk control for dealers of any coaching and any funding. tpspro Risk Manager is necessary for risk management and primarily for scalpers and day dealers, but it is successfully used by traders of any trading mode.
The risk manager is available to everyone at an extremely affordable cost, while avoiding losses in trading and severe mistakes in trades.
The panel has 3 columns, each of which conveys useful information. The first column displays information about the accounts at the beginning of the current month, that is, the total result is shown as a percentage and the deposit currency. The second column shows the risk for the day specified in the settings. The third column shows the current account situation.
In case of exceeding the specified risk for the day or exceeding the number of orders, the Expert Advisor closes all orders and does not allow opening new ones, thereby protecting the trader from “emotional trading”.
- The loss limit for the day
- The loss limit on the account
- Maximum number of unprofitable trades
- Limit on the number of transactions
- Forced stop after a series of losing trades
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- Save the profit received for the day
- To see the statistics of his trade online
- Put in order the discipline of trading and significantly increase profitability (get rid of the “tilt” and ” grid”)
- To see the current funds subject to brokerage Commission
If 2 consecutive days the trader receives a full loss (that is, the one that is set in the settings. For example, two days in a row at 4%), then it is forbidden to trade for one day.
In order for the Risk Manager to work at full capacity, it must be located on a remote VPS or in any other remote place where the trader will not be able to quickly get in case of an emotional outburst and interfere with the work of the assistant.
If you have open orders that are hanging in the black, but one of the orders was closed at a stop loss and the limit on the maximum number of losing orders was triggered, then the adviser will not touch already open orders, but will not allow you to open new ones! Similarly, the limit on the maximum number of orders per day works!
The effectiveness of this Expert Advisor is tested personally by the author of the manager on himself.
tpspro Risk Manager is a Multi-currency Expert Advisor. It should be placed on the chart of one currency pair!
tpspro Risk Manager is a Multi-currency Expert Advisor. It should be placed on the chart of one currency pair!
The panel has flexible appearance settings, so everyone can choose the best colors, font size, and so on.
The Expert Advisor has the following configurable parameters:
- Block #1 – Basic settings of the Expert Advisor
- Maximum sloploss – Maximum stop loss. When opening an order, the Risk Manager immediately sets the stop loss specified in this column
- Maximum orders in one direction – Maximum number of simultaneously opened orders on one pair in one direction ( on one pair) – grid protection
- Maximum orders in a day – the Maximum number of orders per day
- Maximum orders closed by Stop Loss – The maximum number of orders closed in the negative ( excluding commission and swap)
- Maximum daily risk (in %) – Maximum daily risk as a percentage of the deposit
- Block #2-Appearance Settings
- Show infopanel? – Show the information panel?
- Graph corner for attachment – The corner of the graph for binding the panel
- Color of the nonactive elements – Color of inactive (static) elements
- Color of the active elements – Color of the active elements
- Profit Color – the Color of profit
- Loss Color – Loss color
- Color text – Text color
- Font-Font
- Font size – the font Size
- Border-Responsible for displaying the panel frame
- Coordinate X – The X coordinate of the panel
- Coordinate Y – The Y coordinate of the panel
- Width of the panel – The width of the panel (in case the numbers do not fit in the fields)
If you have any questions, please contact us either in private messages or in the adviser’s discussions.
Enjoy using it! tpsprotrading team !
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