Risk Manager – Daily Profit & Loss Control

Risk Manager is a professional-grade risk enforcement tool designed to help traders maintain discipline and protect capital by strictly controlling daily profit and loss limits. It operates independently of trading strategies, making it ideal for discretionary traders, algorithmic traders, and prop-firm style risk management.

Once activated, Risk Manager continuously monitors your account’s real-time PnL and automatically enforces predefined daily limits, removing emotional decision-making and preventing overtrading.

Key Features

Daily Loss Control (USD or % Mode)
Choose how your maximum daily loss is defined:

• Fixed USD amount, or
• Percentage of account balance

The selected risk mode and value are locked for the entire trading day, ensuring consistency and preventing mid-day parameter changes.

Daily Profit Target Enforcement
Set a daily profit target to protect gains.
When the target is reached:

• All open positions are automatically closed
• The trading day is locked to prevent further exposure

Pending Order Management
On profit or loss limit breach, Risk Manager can:

• Automatically cancel all pending orders, or
• Leave pending orders untouched (user-selectable)

This ensures no unintended trades are triggered after daily limits are hit.

Hard Risk Enforcement
Risk Manager continuously enforces limits:

• Positions reopened after a lock are immediately closed
• Limits remain active for the entire day
• Enforcement persists across restarts

This makes it suitable for prop-firm style trading rules and strict personal risk plans.

Visual On-Chart Control Panel

• Clear lock status displayed directly on the chart
• Color-coded lock button:
• • Green when unlocked
  • Red when locked
• Instant visibility of the enforced daily loss and profit settings

Daily Lock Snapshot & Logging
Each trading day’s locked settings are saved and logged, allowing you to verify:

• Active loss mode (USD or %)
• Max daily loss
• Daily profit target
• Pending order behavior

This adds transparency and auditability to your risk management.

Who This Tool Is For

• Discretionary traders seeking stricter discipline
• Algorithmic traders needing an external risk layer
• Prop-firm traders enforcing daily loss/profit rules
• Anyone who wants risk control separate from strategy logic

Important Notes

• Risk Manager does not place trades — it only manages risk
• Designed to work alongside any cBot or manual trading
• Daily limits reset automatically at the start of a new trading day