Hello dear forum users!
I am new to this forum, but I am far from new to trading!
I have been trading for many years and the most important thing is that I realized that money management is the MOST IMPORTANT thing in trading !!!
While in the branch with forex advisors, I saw that a lot of people write about advisors with averaging, martingale, and very often they are called “advisors without Stop Loss”
In fact, you can also make money on them by applying the right approach to calculating and managing risk. For many, it is a pain that they cannot control the stop loss of the advisor, so today I want to share with you the advisor Risk manager for MT4 and MT5 platforms.
The main essence of this advisor is that it controls - the size of the maximum loss for all open positions, after reaching which the EA will fix the loss and close the orders.
Thus, if you have orders without stop loss and, for example, there is a strong movement in the market late at night, you can cut your losses, even if the trading robot you are using does not use SL.
You can free dounload this advisor in mql5 market : add in searching “Risk Manager MT4 FREE” or in my site seniortrader/ru in advisors section
Will you be making some sort of journal or thread to show how it can be maximized? 