RiskMonitorEA is a trading and analytical risk (potential loss size) controller.
The current version is valid for the netting system.
It consists of two blocks.
The first one is an information-analytical part displaying data on the potential losses of all open positions.
Information about the risks is displayed in the separate Panel. Thus, you are able to monitor several open positions. The number of displayed
positions depends on the chart's size. If the number of positions exceeds the chart's holding capacity, the gross risk for all positions is
still calculated and displayed correctly. The deposit currency is taken into account when calculating the risk.
- The first column (Symbol) lists the symbols, at which positions are opened.
- The second column (Risk) displays the absolute and relative risk level (balance share).
- The third column (Post Balance) – balance value if a position is to be closed with a loss.
- The line below (Risk Total) displays the absolute and relative value of the gross risk level (balance share).
- The values in Risk column can be displayed in different colors. The color depends on how the stop value corresponds with the normal one.
The detailed data is provided in the Table of user parameters.
- The second block contains trading functions used for full or partial closing of positions, in case their losses exceed the specified
level (% of the balance).
Custom Parameters
Custom parameters are divided into 4 groups:
- Risk Control
- General
- Panel
- Risk colors
Risk Control group includes the parameters dealing with the active control of the risk level.
General group includes the parameters dealing with trading actions. They can be activated in two cases: 1) the trading block is
enabled in the previous group; 2) the allowable risk level has been exceeded leading to position being closed partially or fully.
Panel group describes parameters dealing with the Panel displaying risk data.
Risk colors group describes parameters defining colors for various risk groups.
Note: the Expert Advisor works only in real trading mode (release). It does not work in testing and optimization mode. The Expert Advisor can be
tested in real trading mode using the free and partially restricted version called RiskMonitorEAFree.
