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RiskAdvisor - Script for MetaTrader 4

Trading Robot
TypeScripts PlatformMT4 Version10 Date created28 August 2014 Date updated19 August 2017
Formatmq4 Size5.9Kb Downloads184 Rating
4.51 of 5
based on 83 rates

It is a script for MT4 which helps manage the trade risks. It calculates the amount of lots considering the percentage of the total account balance that can be lost in one transaction. Additionally, the script determines the required distance from the set StopLoss in pips. If you change the profitability/loss ratio, the recommended distance to TakeProfit also changes.

In this script, the default lot volume is the value through which the specified distance can be recalculated in pips.

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