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Obtain SET file for an instance of my new danger administration thought

New video:

New worth:

You possibly can think about that a number of work went into an EA like this despite the fact that I by no means supposed to promote it. I made it for myself, to assist with my buying and selling. So after I determined to promote it I assumed I ought to promote it at the next worth because it took a lot work to construct. However then I spotted that I’ve no expertise promoting EA’s, and never a lot time to do any promotion, so I figured because it’s model new and nobody has tried it but, I will promote it on the lowest attainable worth of 30$ for lifetime entry. This fashion you may get a very nice low cost as a primary purchaser, check it and supply me with suggestions!

New danger administration thought:

While you consider danger administration, you normally consider risking a set proportion of your account dimension, similar to 0.5% or 1%…

There are two danger choices out there with the Commerce Supervisor Software EA: proportion of your account, or proportion of a hard and fast quantity. Initially I supposed on making the fastened quantity equal to the preliminary account dimension. Which means that if you happen to had a 100k account and needed to danger 1000$ on each place, you can set the account’s preliminary stability to 100k within the settings, select the “proportion of a hard and fast quantity” possibility after which make your highest danger preset 1%.

I had a brand new thought in the present day!

The rationale for this new method is:

1. to make it very clear that you’re utilizing the “proportion of a hard and fast quantity” as an alternative of the “proportion of your account” possibility
2. to make it a lot simpler to know what the 4 danger presets symbolize if you end up risking a hard and fast quantity on each place.

So with out altering the EA’s code, and by merely working with the EA’s enter settings (there are over 250 enter settings which you can customise on this EA), I entered the utmost quantity that I need to danger per place because the “fastened fairness if utilizing possibility 2” enter setting as an alternative of the preliminary account stability. So for instance, if I am working with a 50k account and I need to danger a most of 250$ on every place, I set the “fastened fairness if utilizing possibility 2” to 250. 

Then within the “danger buttons” part of the EA’s enter settings, I set the chance button values to 100, 75, 50 and 25 (I included a .set file with this instance).

And for the primary enter on the prime of the listing, the “Danger % default worth”, I set that to 25.

Now what occurs is that after I open the order panel, the 25% danger button preset is choose by default, and I do know this to imply that I’m risking 25% of the utmost danger I’m prepared to danger on a place. If I need to danger the utmost, I merely click on on the 100% button. If I need to danger half of that, I click on on the 50% button. Then in fact after I affirm the order the EA will robotically calculate the optimum place dimension to match that danger.

Here’s what the highest of the order panel appears like for this instance:

(These are the colours I prefer to see on my chart, however all of the visible settings might be modified with the enter settings)

I discover this very merely to make use of. If you need to handle your danger like this, try the EA and check out adjusting the chance settings to seek out what works properly for you!

PS: After altering the default danger preset button values, I additionally adjusted the chance button’s width and x distance to take note of the brand new quantity format.

Let me know if in case you have any questions or feedback!