--- USER GUIDE & PARAMETERS ---
IMPORTANT NOTE:
This is a Risk Management Panel for MANUAL trading, not an automated strategy. Therefore, backtesting equity charts are not applicable. The tool is designed to assist traders in real-time execution.
HOW TO TEST / USE:
1. Attach the bot to any chart (Forex, Indices, Metals).
2. Set your "Hard Max Risk" in the parameters (e.g., $200) to prevent accidental fat-finger errors.
3. On the panel:
- Enter your desired Risk in Dollars (e.g., $50).
- Enter your Stop Loss Price (use the crosshair to find the level).
4. Click BUY or SELL.
- The bot automatically calculates the Lot Size based on your Risk $.
- If the calculated risk exceeds your Hard Limit or SL is invalid, the trade is BLOCKED to protect your account.
PARAMETERS EXPLANATION:
* Hard Max Risk ($): The absolute maximum loss allowed per trade (Safety ceiling).
* Tolerance ($): Allowed slippage buffer for calculations.
* Default SL Pips: Used if calculating by pips instead of price levels.
Designed for: FTMO, MyForexFunds, and personal Risk Management.
5 | 0 % | |
4 | 100 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
