Money management script
Most professional traders say that making money on Forex is quite easy, but it is much more difficult to save the money you earn.
One unprofitable trade can easily destroy the profit that was received from five successful ones.
Therefore, the money management system, which regulates aspects of capital management and the ratio of profits and losses, comes first.
Many beginners neglect this point, preferring to plan transaction volumes only based on the size of the desired profit.
This is largely due to the process of calculating safe transaction volumes, nothing if we are talking about one or two positions, but what if you have a dozen orders open?
Installing it will allow you to obtain the following data:
• Risk level for all open orders in percentage
• Guaranteed balance in the account currency
• Amount of possible loss
• The above indicators separately for each order.
If the received data does not correspond to the recommended ones, you will have to close some transactions or reduce the volume of positions.
After downloading the money management script, simply add the metatrader trading terminal scripts to the folder and restart the program.
Then find the tool on the scripts tab and click on “keg of money” twice. Download money management script
Download a more advanced money management program here - http://time-forex.com/programmy/prog-ddsmm