LT_RiskGuardian is a fully automated, discipline-enforcing assistant for cTrader โ not a trading bot, but a trader's personal risk manager. It ensures that every manual trade you place follows your risk rules with surgical precision.
๐ฐ The Problem
Many traders know they should:
- Always use a Stop Loss
- Stick to a Risk % per trade
- Set logical TP levels
But in the heat of the moment, emotions take over. You enter impulsively. Forget SL. Overleverage. And just like that โ discipline collapses and losses mount.
โ The Solution
LT_RiskGuardian detects your new positions in real time and auto-adjusts:
- โ
SL distance using a defined
SLFactor ร ATR - โ
TP distance using a defined
TPFactor ร ATR - โ
Position Size based on your account equity and
RiskPercent
It acts instantly โ whether on local PC or cTrader Cloud โ ensuring every trade you place respects your plan.
โ๏ธ Parameters
- SLFactor: Distance of SL in ATR (default:
2.0) - TPFactor: Distance of TP in ATR (default:
3.0) - RiskPercent: Percent of equity to risk per trade (default:
1.0%)
๐ฏ Who Is It For?
- Manual traders who want consistency
- Traders who struggle with overtrading or fear-based exits
- Anyone serious about risk-first trading
Update as of 20 Aug 2025
- Risk1, Risk2 and Risk3onward:
- Able to select different Risk percent for 1st trade, 2nd trade and subsequence trades (same symbol).
- Default to 0.3, 0.5 and 0.25 (percent of Equity).
- Limit ATR in consolidation period: During consolidation, ATR might become so narrow, which lead to the SL is so tight. This version limit the ATR to be >= Median of Last 200 ATR.
- Added "SecureWin": If a position win and the price is "SecureWinFactor" (2.0) of ATR from entry price, the SL is moved to break event (controlled by "SecureWinTo", default 0.4 ATR).
- ATR period is now settable, default 14.
(I uploaded the updated version to same file in the cloud, as there is no way to edit the file in the store. If you do not get what you get as mentioned here, please notify me. Thank you!)
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