Description
ATTENTION: This is the OLD VERSION of Risk Shield
🚀 NEW VERSION 2.0 AVAILABLE!
👉 https://ctrader.com/products/2361?u=zajcev27092021
RISK SHIELD - Smart Risk Manager for cTrader
🎯 CORE PURPOSE
RISK SHIELD is a professional assistant bot for automatic risk management in cTrader. It protects your deposit from excessive losses and locks in profits according to predefined rules, working 24/7 without your involvement.
📋 DETAILED FEATURE DESCRIPTION
1. 🛡️ BASIC RISK LIMITS
🔹 Loss $
- Purpose: Maximum allowed loss per trade or group of trades
- How it works: Bot automatically closes all positions when cumulative loss reaches the set value
- Advantage: Protects from "fatal" losses and emotional decisions
🔹 Profit $
- Purpose: Target profit level for automatic position closing
- How it works: When total profit (closed + open) reaches the set value, bot locks in profits
- Advantage: Helps maintain risk management and avoid greed
🔹 Auto-close when limits reached
- Purpose: Enable/disable automatic position closing
- How it works: When activated, bot independently closes positions when limits are triggered
- Advantage: Complete automation - no need to constantly monitor charts
2. 💰 EQUITY CLOSE
🔹 Equity Target $
- Purpose: Total capital level (balance + floating P/L) for profit locking
- How it works: When equity reaches the set value, bot closes all positions
- Advantage: Protects overall account profitability
🔹 Equity Stop $
- Purpose: Critical equity level for emergency closing of all positions
- How it works: When equity falls below this value, bot stops losses
- Advantage: Last line of defense against complete deposit loss
🔹 Use Equity Close
- Purpose: Activate capital level protection system
- Advantage: Especially useful when trading multiple instruments simultaneously
3. ⏰ TIME CLOSE
🔹 Force Time Close
- Purpose: Automatic position closing at specified time
- How it works: Bot monitors server time and closes positions at specified hour
- Advantage: Perfect for scalpers and day traders who don't want to leave positions overnight
🔹 Close Time (HH.mm)
- Purpose: Exact time for forced closing
- Feature: Automatic timezone detection (Moscow/CIS, Europe, USA, Asia)
- Advantage: No manual timezone difference calculations needed
4. 📊 STATISTICS & REPORTS
🔹 Show Trade History
- Purpose: Visualization of trading statistics directly on chart
- How it works: Bot displays table with trade results, commissions, and swaps
- Advantage: Quick overview of trading performance without opening account history
🔹 Max History Lines on Screen
- Purpose: Limit number of displayed trades for readability
- Advantage: Clean and informative interface without clutter
🔹 Show Target Lines on Chart
- Purpose: Visual markers for take profit and stop loss levels
- How it works: Bot draws horizontal lines on chart showing targets for current positions
- Advantage: Visual representation of risk parameters
5. 🔧 DEBUGGING
🔹 Verbose Logging
- Purpose: Detailed output of bot operation information
- How it works: All bot actions and calculations are recorded in cTrader journal
- Advantage: Simplifies troubleshooting and system analysis
🎯 UNIQUE CAPABILITIES
🛡️ LICENSING SYSTEM
- Automatic license expiration check
- 7-day advance warnings
- Operation blocking with expired license
🌍 AUTOMATIC TIMEZONE DETECTION
- Smart region detection (Moscow/CIS, Europe, USA, Asia)
- Correct operation with broker server time
📈 MULTI-POSITION CALCULATION
- Intelligent target calculation for multiple open positions
- Weighted average price and net direction accounting
- Correct operation with hedged positions
🔄 RELIABLE CLOSING
- Multi-level position closing system with retry attempts
- Protection against server connection failures
- Detailed closing process logging
🎨 VISUAL INTERFACE
📊 STATUS PANEL
- Color-coded risk status (green/yellow/red)
- License information and time until expiration
- Current profit/loss and progress toward targets
- Status of all protection systems
📋 TRADE HISTORY
- Compact table with trade results
- Separation into net profit, commissions, and swaps
- Visual indicators for profitable/losing trades
⚡ TRADER BENEFITS
✅ FOR BEGINNERS
- Protection from emotional decisions
- Automatic risk management compliance
- Visual learning of money management principles
✅ FOR PROFESSIONALS
- Multi-account and multi-instrument operation
- Complex calculations for position portfolios
- Detailed statistics and analytics
- Complete process automation
✅ FOR INVESTORS
- Deposit protection as main priority
- Long-term capital preservation
- Transparent reporting system
🛡️ WHO IS RISK SHIELD FOR?
- Beginner traders - to build discipline
- Active traders - to automate routine
- Investors - for capital protection
- PAMM managers - for risk control
- Algorithmic traders - as addition to trading robots
🚀 TECHNICAL FEATURES
🔒 SECURITY
- License validation system
- Protection against unauthorized use
- Regular updates and support
⚙️ RELIABILITY
- Error handling and recovery
- Connection stability monitoring
- Position closing with multiple retry attempts
📱 COMPATIBILITY
- Works with all cTrader versions
- Supports all trading instruments
- Compatible with other EAs and indicators
💡 USE CASES
🔄 DAILY TRADING
- Set daily profit targets
- Define maximum acceptable losses
- Automatic end-of-day closing
📈 PORTFOLIO MANAGEMENT
- Monitor overall account equity
- Protect against black swan events
- Manage multiple positions simultaneously
🛡️ RISK PROTECTION
- Emergency stop loss activation
- Drawdown control
- Capital preservation during high volatility
Summary
- Basic risk limits: automatic closing of positions when maximum loss or target profit thresholds are reached.
- Equity-based controls: closes all positions when account equity hits specified profit or stop levels.
- Time-based closing: forces position closure at user-defined times with automatic timezone detection.
- Multi-position calculation: manages portfolios with weighted average pricing and supports hedged positions.
- Detailed statistics: displays trade history, commissions, swaps, and visual risk indicators directly on charts.
- Reliable operation: multi-level closing attempts with error handling and connection monitoring.
- Licensing system: automatic license validation with expiration warnings.
- Visual interface: color-coded risk status panel and compact trade result tables.
The bot supports all cTrader versions and trading instruments, compatible with other expert advisors and indicators. It is suitable for beginner traders seeking discipline, active traders automating routine tasks, investors prioritizing capital protection, PAMM managers controlling risk, and algorithmic traders complementing existing robots. Use cases include daily trading with profit and loss targets, portfolio management, and emergency risk protection during high volatility.