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Risk control of your Robots for MT5

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Danger Controller Advisor, a program that means that you can management the general threat of your buying and selling advisors on the account.

With this program, you may management the utmost threat that might be allowed on the account for all advisors.

For instance, you’ve got set a threat of 30% of the utmost drawdown, so in case your fairness buying and selling robots exceed the danger of 30%, Danger Controller will shut all positions of the advisors, and may also shut all open charts, thereby stopping the advisors from working additional.

The Professional Advisor might be vital for a “restful sleep” whenever you commerce averaging robots with martingale and need to restrict the utmost losses from robots in case of drive majeure or different unexpected conditions, as a result of it’s higher to repair a loss than to hope for a market reversal.

Danger Controller Advisor is a vital and in my view vital program for each dealer who trades robots.

Danger Controller Advisor is a vital and in my view vital program for each dealer who trades robots.

 Management will be carried out each within the marginal financial equal of the utmost losses on the account, and in % share.

For the Professional Advisor to work, merely connect it to the forex pair chart and set the values of the utmost allowable threat within the deposit forex or in % of the present stability.  

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Adviser Capabilities

  • closing all positions when the whole set loss degree is reached $ and in %
  • closing all positions when the whole revenue indicator is reached in $ and in %
  • deleting pending pending orders when the desired loss/revenue is reached
  • an audible sign when the desired revenue/loss is reached

The next parameters will be configured within the Professional Advisor:

  • Closing all charts when the danger supervisor is triggered 
  • Set worth slippage
  • Set the variety of makes an attempt to shut a place
  • Delay time between makes an attempt to shut orders

Description of settings

Revenue share – the dimensions of the utmost revenue for all open positions, after which the ADVISER will repair the revenue and shut the orders.

Loss share – the dimensions of the utmost loss on all open positions, after which the ADVISER will repair the loss and shut the orders.

Loss restrict in $ – the restrict measurement of the utmost revenue within the forex of your deposit, upon reaching which the ADVISER will repair the revenue and shut the orders.

Revenue restrict in $ – the restrict measurement of the utmost loss within the forex of your deposit, upon reaching which the ADVISER will repair the loss and shut the orders.

Management closing by share true/false – if true is chosen, the Professional Advisor will monitor positions solely by % stability change, controls the Revenue/Loss share indicator.

Management closing in $ true/false – if true is chosen, the EA will monitor positions in line with the Loss/Revenue restrict in $ indicators, respectively, management might be carried out within the deposit forex.

Shut market orders true/false – if true is chosen, orders are deleted if the danger is exceeded.

Delete pending orders true/false – if true is chosen, pending orders are deleted if the danger is exceeded.

Shut All Charts true/false – if true is chosen, when the danger is exceeded, all charts within the terminal are closed, which indicators that it’s time to pause buying and selling.

Present panel true/false – present/cover the data panel.

Buying and selling Account Quantity – the account quantity on which the panel ought to work, if 0, it really works on any account.

Use sound sign true/false- use a sound alert about exceeding the danger administration.

Allowable Slippage – permissible slippage.

Variety of closing makes an attempt – the variety of makes an attempt to shut positions.

Pause after error in seconds – pause earlier than a brand new try to shut the order.

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