Indicator MT4 > 608 0.98.6

Prop Trader Risk Indicator

Prop Trader Risk Indicator

Prop Trader Risk Indicator is a very simple MetaTrader 4 indicator, designed to calculate and display the "next risk" in account currency - in combination with the EarnForex Position Sizer, this makes for a safe way to never fail a challenge and trade long-term without blowing a challenge or live account.

  • Realtime Risk Display - shows the risk to apply to your next position
  • Base Balance & Equity Limit - calculations are based on your account size and minimum equity
  • Risk Split - sets how much of your base equity is risked, as a percentage
  • Risk Profits - sets how much of your generated profits are added to the risk
Free

Documentation

Prop Trader Risk Indicator settings

Settings & Usage

  • AccBaseBalance - your account size, used as the base balance.
  • AccBaseLimit - your minimum equity (going below this usually leads to failure).
  • RiskSplit - risk of base equity, in percent (% of the remaining equity). 10% is recommended.
  • RiskProfits - risk of profits, in percent (% of generated profits to risk). 10-20% is recommended (100% adds ALL profits to the risk). If the account is in a loss, this setting is ignored.

Usage example:

FTMO Challenge	100k
AccBaseBalance:	100000
AccBaseLimit:	90000
RiskSplit:	10
RiskProfits:	30

MFF Accelerated	25k
AccBaseBalance:	25000
AccBaseLimit:	23750
RiskSplit:	10
RiskProfits:	10

Settings allow the location to be set on the chart, along with equity, balance and risk percentages.