Risk Manager v2_2 is a professional 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, suitable for discretionary, algorithmic, and prop-firm style trading.
Key functionalities include:
- Daily Loss Control: Set maximum daily loss as a fixed USD amount or a percentage of account balance, locked for the entire trading day to ensure consistency.
- Daily Profit Target Enforcement: Automatically closes all open positions and locks the trading day upon reaching the profit target.
- Pending Order Management: Optionally cancels all pending orders or leaves them untouched when profit or loss limits are breached.
- Hard Risk Enforcement: Continuously enforces limits throughout the day, closing positions reopened after a lock and persisting enforcement across restarts.
- Visual On-Chart Control Panel: Displays lock status with color-coded buttons (green unlocked, red locked) and shows daily loss and profit settings.
- Daily Lock Snapshot & Logging: Saves and logs daily locked settings for transparency and auditability.
Risk Manager does not place trades but manages risk separately from strategy logic. It resets daily limits automatically at the start of each trading day and is designed to work alongside any cBot or manual trading.