MultiSymbol RiskManager indicator for compliance with the Manifold
MultiSymbol RiskManager indicator - is a multicurrency indicator that calculates lot size based on the size of the free margin and the specified percentage of risk for each instrument from the list in the Symbol List parameter.
The calculation of the lot is made by the standard formula known to most traders:
- Max Risk Lot = Free Funds * Risk / 100 / The amount of free funds needed to open 1 lot to buy;
The MultiSymbol RiskManager indicator displays the following data in the form of a table for each instrument from the Symbol List parameter:
- Symbol - The symbol of the tool;
- Deal - The total number of open trades for the symbol (not pending orders);
- Symbol Lots - The total volume of open trades on the symbol (not pending orders);
- In the Use Mode parameter "Broker Min_Lot" for calculation = false shows the calculated value of the Maximum allowed lot for the symbol (Max Risk Lots);
- At Use Mode "Broker Min_Lot" for calculation = true shows the maximum number of minimum lots allowed at the Broker (Min Lots Number);
- Free Lots - will show the difference between the value of Max Risk Lot and Symbol Lots;
- Buy Lots - The total volume of buy trades;
- Sell Lots - The total volume of sell deals;
- Profit - The current result of all trades on the symbol.
As long as Max Risk Lots (Min Lots Number) > Free Lots - the line is colored in green Color of Positive Data, otherwise - in red.
Pay attention to the Symbol List parameter. Comma-separated instrument list without spaces (GBPUSD,EURUSD - True. GBPUSD, EURUSD - Not True).
MultiSymbol RiskManager indicator - It's a great tool for compliance rules of maneuvering for traders who trade on several currency pairs.
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