Money management script
Most professional traders say that making money on Forex is quite easy, but keeping the money you earn is much more difficult.
One losing trade can easily wipe out the profits from five successful ones.
Therefore, a money management system that regulates capital management aspects and profit-loss ratios comes first.
Many beginners neglect this aspect, preferring to plan trade volumes solely based on the desired profit.
This is largely due to the process of calculating safe trade volumes. It's okay if you're dealing with one or two positions, but what if you have a dozen open orders?
Its installation will allow you to obtain data:
• Risk level for all open orders as a percentage
• Guaranteed balance in account currency
• Potential loss amount
• The above indicators are displayed separately for each order.
If the received data does not correspond to the recommended ones, you will have to close some trades or reduce the position volumes.
After downloading the money management script, simply add it to the MetaTrader trading terminal scripts folder and restart the program. Then find the tool in the scripts tab and double-click on "keg of money".
Download the money management script
Download a more advanced capital management program here - http://time-forex.com/programmy/prog-ddsmm
