In-house brandMQL5 tool
RiskDeck
A trade manager and risk panel for manual traders on MetaTrader 5.
Open the site RiskDeckdojiwave.com/riskdeck
About the project
RiskDeck is for traders who decide the trade themselves and want position size, order placement and account limits worked out before they press the button. It does not analyse the market and does not trade on its own.
The aim was a panel where risk is the first value on screen. The trader sets it as a percentage, an amount in the account currency or a fixed lot, and the lot is sized from the risk and the stop distance.
The result is an Expert Advisor written in MQL5 with its own interface, position management (break-even, up to three partial closes, trailing by R or by points), account limits and an event log, plus a product site with a simulation of the panel.
Scope
- MQL5 code (Expert Advisor)
- Panel interface
- Account risk limits
- Position management
- Event log
- Product site with a simulation
Details
Risk before the order
Lot, margin, spread and reward are on screen before anything is sent.
The whole account counts
Positions opened by hand or by other EAs count towards risk and limits.
Three levels of limits
Watch only tells you, Guard refuses the trades that could end the account and warns first on the rest, Hold refuses at every limit.
A refusal with a reason
When the panel refuses an order, it gives the reason in plain words.