The Danger Supervisor advisor is an advisor for monitoring day by day, weekly, and month-to-month dangers. It routinely limits losses and income, closes orders when limits are reached, and helps preserve disciplined buying and selling. It’s particularly helpful for guide merchants.
🔧 Primary parameters
Permitting Buying and selling Pair — a listing of permitted buying and selling devices. If empty, all pairs are allowed. If pairs are separated by commas, for instance, XAUUSD, EURUSD, the remaining pairs might be closed routinely.
Default SL (0-off) — the usual Cease Loss in factors. If 0, it’s not set.
Default TP (0-off) — the usual Take Revenue in factors. If 0, it’s not set.
Max Lot is the utmost quantity of a single transaction. If the order exceeds the required lot, it is going to be closed.
Max Order Identical Time — restrict on the variety of concurrently open orders.
Max Orders for Day — the restrict on the whole variety of orders that may be opened per day.
📉 Loss management
Management Loss & Revenue is the unit of measurement for all limits:
- in $ — limits in {dollars}
- in % — limits as a share of steadiness or fairness
Danger Per Commerce (0-off) — the appropriate loss per commerce. If the loss exceeds the required quantity (or share), the place might be closed.
Max Day Loss (0-off) — the utmost loss per day. When reached, all positions are closed.
Loss for Week (0-off) — loss restrict for the week.
Loss for Month (0-off) — loss restrict for a month.
Reduce loss by fairness for day_week_month — if enabled, the advisor takes into consideration present open positions when calculating day by day/weekly/month-to-month losses.
📈 Revenue management
Sufficient Revenue Sort — revenue examine kind:
- Fairness — closing all positions when the whole revenue is reached
- Commerce — closing particular person trades which have reached the specified revenue
Sufficient Revenue (0-off) — the revenue degree (in $ or %), upon reaching which positions are closed.
Max Day Revenue (0-off) — the utmost day by day revenue. As soon as reached, the EA closes all positions.
Calculate Shut Revenue — a technique for calculating revenue:
- Steadiness – in response to steadiness
- Fairness — based mostly on present fairness
🕒 Working Hours Settings
WORK TIME SETTING — a block for managing buying and selling days and the advisor’s working time.
Time GMT Offset — time offset relative to GMT (for instance, 3 for Moscow).
For every day of the week, you’ll be able to allow/disable buying and selling and set the time:
Monday = true Time = “00:00-24:00” Pause = “0” // pause (e.g. “12:00-14:00” or “0” to disable)
The identical is accessible for all days of the week – Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday.
Sort of latest orders want shut after schedule time — which orders have to be closed after the top of buying and selling hours:
- All — all orders
- Solely guide — solely opened manually
⚙️ Extra choices
Delete pending orders – if enabled, all pending orders are deleted when limits are triggered or buying and selling hours finish.
Calculate with Swap and Fee — take swap and fee into consideration when calculating revenue and loss.
Allow Alerts – allow sound and visible notifications.
Interval alerts, min (0-off) — the interval between notifications in minutes. If 0, notifications are disabled.
Slippage is the utmost allowable slippage when closing positions.
🎨 Show on a graph
The advisor shows an data panel on the chart:
- Danger per commerce
- Max Day Loss / Revenue
- Loss for Week / Month
- Variety of orders
- Present revenue
- Allowed/Disallowed Buying and selling
The button within the higher proper nook of the panel collapses and expands the window (min/max mode).
💡 Suggestions
- Use the advisor as a threat supervisor for guide buying and selling.
- It routinely controls losses and income, stopping emotional errors.
- Appropriate for working with any devices (Foreign exchange, gold, indices, commodities).
- The advisor doesn’t open trades itself, however solely manages these already open.
☁️ Finest manner to make use of
It’s endorsed to put in Day Buying and selling Danger Supervisor on a VPS (digital server) in order that it runs 24/7, even when your pc is turned off.
You may set up it in your VPS and give your good friend the terminal password (investor password) in order that he can see the trades however not change them.
This manner, your account will all the time be shielded from extra threat – even if you find yourself not on the terminal.
Hyperlink to Danger Supervisor for MT4
Hyperlink to Danger Supervisor for MT5
