📉 Loss management

Management Loss & Revenue is the unit of measurement for all limits:

• in $ — limits in {dollars}
• in % — limits as a proportion of stability or fairness

Threat Per Commerce (0-off) — the suitable loss per commerce. If the loss exceeds the required quantity (or proportion), the place will likely be closed.

Max Day Loss (0-off) — the utmost loss per day. When reached, all positions are closed.

Loss for Week (0-off) — loss restrict for the week.

Loss for Month (0-off) — loss restrict for a month.

Lower loss by fairness for day_week_month — if enabled, the advisor takes into consideration present open positions when calculating day by day/weekly/month-to-month losses.

📈 Revenue management

Sufficient Revenue Sort — revenue examine kind:

• Fairness — closing all positions when the overall revenue is reached
• Commerce — closing particular person trades which have reached the specified revenue

Sufficient Revenue (0-off) — the revenue degree (in $ or %), upon reaching which positions are closed.

Max Day Revenue (0-off) — the utmost day by day revenue. As soon as reached, the EA closes all positions.

Calculate Shut Revenue — a technique for calculating revenue:

• Steadiness – in accordance with stability
• Fairness — primarily based on present fairness

🕒 Working Hours Settings

WORK TIME SETTING — a block for managing buying and selling days and the advisor’s working time.

Time GMT Offset — time offset relative to GMT (for instance, 3 for Moscow).

For every day of the week, you possibly can allow/disable buying and selling and set the time:

Monday = true Time = “00:00-24:00” Pause = “0” // pause (e.g. “12:00-14:00” or “0” to disable)

The identical is accessible for all days of the week – Tuesday, Wednesday, Thursday, Friday, Saturday, Sunday.

Sort of latest orders want shut after schedule time — which orders must be closed after the top of buying and selling hours:

• All — all orders
• Solely guide — solely opened manually

⚙️ Further choices

Delete pending orders – if enabled, all pending orders are deleted when limits are triggered or buying and selling hours finish.

Calculate with Swap and Fee — take swap and fee into consideration when calculating revenue and loss.

Allow Alerts – allow sound and visible notifications.

Interval alerts, min (0-off) — the interval between notifications in minutes. If 0, notifications are disabled.

Slippage is the utmost allowable slippage when closing positions.

🎨 Show on a graph

The advisor shows an info panel on the chart:

• Threat per commerce
• Max Day Loss / Revenue
• Loss for Week / Month
• Variety of orders
• Present revenue
• Allowed/Disallowed Buying and selling

The button within the higher proper nook of the panel collapses and expands the window (min/max mode).

💡 Suggestions

• Use the advisor as a danger supervisor for guide buying and selling.
• It mechanically controls losses and income, stopping emotional errors.
• Appropriate for working with any devices (Foreign exchange, gold, indices, commodities).
• The advisor doesn’t open trades itself, however solely manages these already open.

☁️ Greatest manner to make use of

It’s endorsed to put in Day Buying and selling Threat Supervisor on a VPS (digital server) in order that it runs 24/7, even when your pc is turned off.

You’ll be able to set up it in your VPS and give your pal the terminal password (investor password) in order that he can see the trades however not change them.

This manner, your account will all the time be shielded from extra danger – even if you end up not on the terminal.