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“Risk Management Tool”

Installation guide:

Step 1:

Open MetaTrader> File > Open Data Folder.

Step 2:

Open MQL4 or MQL5

Step 3:

Open MQL4 or MQL5>Experts

Step 4:

Move “TWP risk_management MT4.ex4” or “TWP risk_management

MT5” file there.

Step 5:
Close the data folder and go to Metatrader>Expert Advisor>Right
click>Refresh.

Risk calculator will appear there:

Step 6:

Drag “TWP risk_management MT4” or “TWP risk_management MT5”

on a chart> Got to common tab. Click Allow live trading and Allow DLL
imports then click OK.
The tool is now ready to use.

Risk Setting:

Default setting:

Right click on chart>Expert Advisor>Properties>Inputs tab.

These are the default settings for all trades, You can change the values by
double clicking on it.

% risk setting:
Reward setting :
Order Management:

Market order:

To open a market order, Enter Risk % and Reward number>Click “Sell

Calc” for sell order and “Buy Calc” for buy order and It’ll map the trade with
SL and TP. You can leave the SL, TP as is or can also modify it as you like
by dragging it.
Click “Execute trade” and the trade will be opened.

Pending Order:

To open a pending order enter your risk % and reward then click on “Sell
Pending” for sell and “Buy Pending” for Buy order.
It’ll draw the trade in chart with SL and TP, you can adjust your entry, SL,
TP by dragging them.

After adjusting the entry, SL, and TP>Click enter and it’ll place a pending
order.
Trade Management:

To use the trade management features such as “SL to BE”, “Close Half”, “
Partial TP”, “Close Cust” Click on the dropdown menu and select the ticker
for the trade you want to manage.

Where to Trade: Top ECN Broker