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Free version of the Risk Manager MT5 Expert Advisor

Expert Advisor Risk Manager for MT4, a very important and in my opinion necessary program for every trader.

With this Expert Advisor, you can control the overall risk on your trading account. The control can be carried out both in the limit monetary equivalent of the maximum losses on the account, and in % percentage.

To use the Expert Advisor, simply attach it to the chart of the currency pair and set the values of the maximum allowable risk in the currency of the deposit or in % of the current balance.  

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The advantage of the Risk Manager Expert Advisor for MT5:

• Risk control of all manual transactions on the account

• Risk control of all Expert Advisors on the account

• Automatic stop of trading and deletion of orders

• A convenient information panel with indicators of the current and maximum drawdown/profit on the account

Risk control of all manual transactions on the account

Risk control of all Expert Advisors on the account

Automatic stop of trading and deletion of orders

A convenient information panel with indicators of the current and maximum drawdown/profit on the account

Differences from the full version:

• no Control closing in function $
• no Loss limit in function $   
• no Profit limit in function $
• no Trading Account Number function 
• no Close All Charts function

If you like the Expert Advisor you can buy the version with the advanced functionality of Risk Manager MT5

Popular Pump and Dump Expert Advisor –  

Trend Expert Advisor with a fixed SL –  

Profit percentage – the size of the maximum profit for all open positions, after which the Expert Advisor will fix the profit and close the orders.

Loss percentage – the amount of the maximum loss on all open positions, after which the Expert Advisor will fix the loss and close the orders.

Loss limit in $ – the limit size of the maximum profit in the currency of your deposit, after which the Expert Advisor will fix the profit and close the orders.

Profit limit in $ – the limit size of the maximum loss in the currency of your deposit, after which the Expert Advisor will record a loss and close orders.

Control closing by percentage true/false – if true is selected, the Expert Advisor will monitor positions only by the % change in the balance, it controls the Profit/Loss percentage indicator.

Control closing in $ true/false – if true is selected, the Expert Advisor will monitor positions according to the Loss/Profit limit in $ indicators, respectively, the control will be carried out in the deposit currency.

Close market orders true/false – if true is selected, orders are deleted if the risk is exceeded.

Delete pending orders true/false – if true is selected, pending orders are deleted if the risk is exceeded.

Close All Charts true / false – if true is selected, when the risk is exceeded, all charts in the terminal are closed, which signals that it is time to pause trading.

Show panel true/false – show / hide the information panel.

Trading Account Number – the account number on which the panel should work, if 0, it works on any account.

Use sound signal true/false-use a sound alert when the risk management is exceeded.

Allowed Slippage – allowed slippage.

Number of closing attempts – the number of attempts to close positions.

Pause after error in seconds – pause before a new attempt to close the order.

All my programs on mql5.com from SeniorTrader

#tags Risk Manager MT5, Risk Manager, Risk controller, Risk Manager, Risk Controller, Risk Manager MT5

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