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siriustreesRISK MANAGEMENT FOR A SIGNAL SUBSCRIBER
Hello, dear traders.
My intention for this post is to provide more awareness about the risk issues in a deposit management.
There is a lot of signals out there in MQL5 community. And when you've found one, it's tough to understand how to properly moderate your copying.
So I found out it during a lot of tries, and I hope it will be helpful to learn about what are most fruitful points from these explorations.
I'll divide the information in categories:
1) We'll dive into the safe copying.
How to:
A) moderate your risk
B) open trades with a constant lot
C) maintain a signals' portfolio
D) install everything in a way it's going to work automatically
2) Methods of keeping drawdown low.
A) Hedging trades
B) Automation for closing any trade in a breakeven
C) SOS: account in drawdown, what to do right now
D) Automation for risk management, and saving account
My own risk management in a portfolio is about 5% on each pair. So I'll tell you how to keep it up with your own, and even if the signal goes stop out, your balance won't be dead.