Araware.RiskManagement
cBot
197 downloads
Version 1.0, Mar 2025
Windows, Mac, Mobile, Web
297
Free installs
Description
The new version has been updated (1.0.3). In this version, new capabilities and performance improvements have occurred.
This is a customized bot designed for risk control and management.
How the bot works:
- Activation: The bot will only be activated if the Drawdown Control parameter is enabled.
- Weekly Drawdown Control:
- If the Weekly Drawdown input parameter is greater than zero, the bot calculates the weekly drawdown.
- If the calculated drawdown exceeds the set limit, all open positions will be automatically closed.
- Daily Drawdown Control:
- If the Daily Drawdown input parameter is greater than zero, the bot calculates the current day's drawdown.
- If the calculated drawdown exceeds the set limit, all open positions will be automatically closed.
- Individual Trade Drawdown Control:
- If the Deal Drawdown input parameter is greater than zero, the bot calculates the drawdown for each position.
- If the calculated drawdown exceeds the set limit, only that specific position will be automatically closed.
🔹 Note:
To ensure the bot's accuracy and prevent potential losses in Live accounts, this bot will only be active in Demo accounts.
If you are confident in its performance and need to use it in a Live account, please submit your request as a comment.
Summary
AI summary
Araware.RiskManagement is a customized trading bot designed specifically for risk control and management. The bot activates only when the Drawdown Control parameter is enabled. It monitors drawdowns on three levels:
1. Weekly Drawdown Control: If the weekly drawdown exceeds a user-defined limit, the bot automatically closes all open positions.
2. Daily Drawdown Control: Similarly, if the daily drawdown surpasses the set threshold, all open positions are closed automatically.
3. Individual Trade Drawdown Control: The bot calculates drawdown for each position individually and closes only the specific position if its drawdown exceeds the configured limit.
This bot operates exclusively on demo accounts to ensure accuracy and minimize potential losses. Use in live accounts requires prior approval via a comment request. The bot’s functionality focuses on automated risk management by limiting losses through predefined drawdown parameters, helping traders maintain control over their trading exposure.
1. Weekly Drawdown Control: If the weekly drawdown exceeds a user-defined limit, the bot automatically closes all open positions.
2. Daily Drawdown Control: Similarly, if the daily drawdown surpasses the set threshold, all open positions are closed automatically.
3. Individual Trade Drawdown Control: The bot calculates drawdown for each position individually and closes only the specific position if its drawdown exceeds the configured limit.
This bot operates exclusively on demo accounts to ensure accuracy and minimize potential losses. Use in live accounts requires prior approval via a comment request. The bot’s functionality focuses on automated risk management by limiting losses through predefined drawdown parameters, helping traders maintain control over their trading exposure.
Trading profile
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Price
297
Free installs