Risk Monitor by MT4expert

Risk Monitor by MT4expert It is a powerful tool that analyzes the overall risk of all open transactions in your account. When move the stop-loss, your risk is instantly recalculated. So you always know what your risk.

All you need to do - is to insert the tool on the chart as an indicator to analyze the risk of all transactions in various charts.

Risk Monitor by MT4expert check the initial risk (Initial Risk) As well as the actual risk (Actual Risk) For a particular currency pair, as well as for all open trades on several currency pairs.

Initial exposure to a given pair (Initial Risk of the current pair):	It's a risk, based on your balance sheet, it shows the risk of the entrance price to the stop-loss.
The actual risk of a given pair (Actual Risk of the current pair):	It's a risk, based on your means, it shows the risk from the current rate until the stop-loss.
The total initial risk (Total Initial Risk):	It's a risk, based on your balance sheet, it shows the risk of the entrance price to the stop-loss.
Total actual risk (Total Actual Risk):	It's a risk, based on your means, it shows the risk from the current rate until the stop-loss.
Total profit / loss (Total Profit / Loss):	This gain or loss on your open trades, as a percentage.

Risk Monitor also shows the number of open orders and open transactions.

Example

The size of your account of $ 10,000. You open a long position in 1 lot EUR / USD. Pip value for 1 lot is 10 USD. You set a stop-loss at 20 pips. This creates a risk of 200 USD. Your initial risk is equal to 2.00%.

Now that the EUR / USD rises by 50 pips, your trade will be profitable. The funds in your account grow to $ 10,500 (10,000 + 10 x 50). The distance from the current price to your stop-loss is now 70 pips. This leads to the actual risks of 6.67%.

Once you open a second transaction on the other currency pair, this risk will be added to the General Primary and actual risk. In this way you will always have a clear view of all the risks to your account.

Remember, managing your risk is one of the most important tasks as a trader!

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