Reduce risk with account management tools

[Rodrigo Ortuzar]

Hola a todos, alguien me puede indicar, cual es o cuales son las herramientas mejores para disminuir el riesgo de una cuenta, o como hacerlo ?
Hello everyone, can someone tell me what is or are the best tools to reduce the risk of an account, or how to do it?

Thank you Rodrigo

[Youngtreptrader]

@rodrigo-ortuzar reduce risk with a stop loss

[Rodrigo Ortuzar]

Hello thank, my question is about managing the account, not about each position. What tools to reduce the risk of the account, if someone helps me ?

[Youngtreptrader]

i waht way . please give example

[fabiobioware]

@rodrigo-ortuzar

Robot risk management in my opinion boils down to the following:

Time Filter (To allow opening new operations).
Allowed days filter to allow opening trades.
Time Filter (To close open trades). Condition to assume or not harm. Keep orders open or close on loss.
Spread Filter (To avoid absurd spreads).

Daily Earnings Limit
Daily Loss Limit

Weekly Earning Limit
Weekly Loss Limit

Monthly Earnings Limit
Monthly Loss Limit

Limit on number of trades won daily
Limit on the amount of daily lost trades

Maximum limit of concurrent open operations.

Time to close profit-only trades and stop trading on the day.
DrawDown Control
Margin Level Control
Batch increase and decrease control based on Balance

I have a lot more to say, but it wouldn't fit here, but in my opinion this is the basics that every robot should have.

[OntradingX]

@fabiobioware great.

[Rodrigo Ortuzar]

Strongly agree with OntradingX, @fabiobioware is great, clear and concise.
Can you clarify some doubts being more specific regarding the specific applications or tools to use in the following cases:

1.- With the Time Filter, what conditions do you use to keep open orders or not and thus assume or not the damage?
2.- For the maximum number of open trades simultaneously, do you mean "One per bar" or another?
3.- It is time to close operations only for profit and stop operating that day. I don't know what condition you mean?
4.- DrawDown Control. I don't know what condition you mean or why?
5.- When controlling the "Margin Level" under what level of margin do you recommend taking an action and what action is the most recommended?

Sorry if I abuse the knowledge but it is of great help for me that I am starting to manage an account.

[VHV-Profit-Masters]

@fabiobioware Hi, Maybe there is some project thread about this? I have tried it several times and actually doing it following instructions without the thread of a project leaves many gaps without answers, it turns out that here in the forum there are very few people willing to "help" in a real, concrete, practical way and above all there are many less willing to share their codes along with the answers, there are very few and we owe them gratitude for their effort and good heart, however it is very tedious to find half answers, or lists of cumbersome instructions that sometimes is like reading Martian language that at the same time In the end you don't understand anything... I know that some will jump up and say that if you want answers you have to pay for everything and that nothing is free, blah blah blah, or they will say It's your valuable time, etc etc, I consider that if the title of the forum said vein of solutions, codes and useful answers about fxdreema, few of us would participate, I firmly believe that if you cannot give ideas, or practical or real solutions, simply do not "help" if you are going to do it half-heartedly with the intention of gaining clients or Just to offer your products, this only generates more doubts than solutions. Honestly, I hope that among several of us we can do something like what the creator of this line of the post suggests, and that someone generous shares it in code, this would be wonderful and enormously beneficial for everyone... But I fear that it will be another Chimera, like the much requested functional news filter made in fxdreema, or the filter that identifies consolidations or trends, or the much requested recoverer of losses or negative floats (DD) similar to ea AW Recovery, these are all blue unicorns in this forum.... It's a shame, but if I manage to get any of these codes, count on me to share it with whoever needs it.