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- Trading Robots
- Position Management
Position Management
Understanding Position Management
Risk Management
- Automatic adjustment of risk based on % or $
- Option to use fixed lot sizes or automatic lot size calculation based on volume and pips
- Breakeven stop loss settings using RR, Pips, or Price
- Trailing stop loss settings
- Max Daily Loss in % or $ to automatically close all trades when the target is hit
- Breakeven all trades with one button
- Automatically calculate risk for trades sent from Mobile/phone
- OCO (One Cancels the Other) available in the settings
Trade and Position Management
- Stop overtrading and revenge trading with setting max trades per Month, Week, Day, Hour, or Minutes
- Advanced Pending Order Management with rules for when to close pending orders
- Trailing Pending Orders
- Support for both market orders and pending orders
- Max Daily Profit Target in $ or % to secure positions and stop overtrading
- Max Open Trades to limit risk and exposure
- Automatically take partials using RR, Pips, or Price
- Enter using fixed RR targets such as 1:2, 1:3, 1:4, etc., and see the calculated profit of the position
- Close all pending orders with one button
Graphical Panel Features
- Use a visual risk-reward tool to enter trades and visualize trades using lines
- Check account performance and stats such as Win rate, loss rate, total trades, etc.
- Visualize trading performance and get a graph of stats with filters such as symbol and date range
- Save up to 3 setting file templates for the managed settings
- Load settings files to quickly use your most preferred settings
- Automatic screenshots
Advanced Position Management Techniques
- Scaling into market structure moves using 'elastic band theory' and mean reversion moves
- Manual trade buttons to take initial entries or place manual additional trades in any existing position
- Automatic drawdown control (scaling out of losing trades) as they hit specific percentages in drawdown on your account
- Perform aggressive drawdown control (full-size trades with stop losses) when your total position hits a specific percentage of your account in drawdown
- Total control over the minimum distances between trades in each position and the lot size increment (if required) for additional trades
- Risk auto calculated based on percent of your account size or a fixed lot size
- Individual exit targets based on a percentage of your account for individual trades, positions in a single direction, and all trades open on each instrument traded
- Trade time filter to ensure no trades are taken during swaps where high spreads occur
Hedging and Profit Locking
- Advanced mechanisms for opening hedging positions and automatically locking in profits
- Ensuring the protection and maximization of your profits
- Adaptable and flexible, compatible with any balance, leverage, broker, and symbol
- Designed to adapt from high-return (and high-risk) strategies to more conservative options
- Custom optimization and smart control to adjust your strategy for any market situation
- Control the maximum size of your positions and use the Magic Number for effective and customized management
Tools and Utilities
- Symbol Manager or Grid Manager to group orders into one position by symbol and direction
- Useful for multi-currency traders with multiple orders on several pairs
- See the total number of lots, total profit, and set virtual stop loss and virtual take profit
- Set real TP (Take Profit) or SL (Stop Loss) by first setting the virtual value and then entering the command
- Collect orders together into one position for easier management
Dynamic Position Sizing
- Dynamic risk adjustment mechanism that continuously evaluates market conditions, account size, and other relevant factors
- Switching between different risk management strategies based on predefined criteria
- Real-time analysis of each potential trade considering factors such as volatility, correlation, and market sentiment
- Customizable parameters to align with specific trading objectives and risk tolerance
- Continuous monitoring of account equity, drawdown levels, and other risk metrics
- Position sizing optimization to optimize risk-adjusted returns and mitigate potential drawdowns
- Backtesting and optimization to assess performance under various market scenarios
- Compatibility with MetaTrader platforms and a wide range of brokers and trading instruments
- Risk control mechanisms such as stop-loss orders, trailing stops, and hedging strategies
Conclusion
- Position management is a crucial aspect of trading that involves various strategies and tools to manage risk and maximize profits
- Utilizing advanced algorithms, hedging techniques, and dynamic position sizing can significantly enhance trading performance
- Tools like the Symbol Manager and advanced EAs (Expert Advisors) provide traders with the flexibility and control needed to navigate the complexities of financial markets
- Effective position management ensures that traders can achieve their financial goals while minimizing exposure to market volatility
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